Can I retire at age 65 with 1,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$115,611$114,581$113,576$112,596$111,638$110,106
2 years$57,233$56,167$55,134$54,132$53,161$51,620
3 years$37,776$36,706$35,675$34,683$33,727$32,226
4 years$28,050$26,983$25,963$24,987$24,055$22,604
5 years$22,216$21,155$20,148$19,193$18,286$16,890
6 years$18,327$17,274$16,283$15,349$14,469$13,130
7 years$15,551$14,507$13,531$12,619$11,767$10,485
8 years$13,470$12,435$11,475$10,586$9,762$8,537
9 years$11,852$10,827$9,884$9,017$8,221$7,052
10 years$10,558$9,544$8,617$7,772$7,005$5,891
11 years$9,501$8,496$7,586$6,764$6,024$4,965
12 years$8,620$7,626$6,732$5,933$5,221$4,215
13 years$7,875$6,891$6,015$5,238$4,552$3,598
14 years$7,237$6,264$5,405$4,650$3,991$3,087
15 years$6,685$5,722$4,880$4,147$3,514$2,659
16 years$6,203$5,250$4,424$3,713$3,105$2,298
17 years$5,777$4,835$4,026$3,336$2,753$1,991
18 years$5,399$4,468$3,675$3,007$2,448$1,730
19 years$5,062$4,141$3,364$2,717$2,182$1,506
20 years$4,758$3,848$3,088$2,460$1,949$1,313
21 years$4,484$3,584$2,840$2,233$1,744$1,147
22 years$4,235$3,346$2,617$2,030$1,563$1,003
23 years$4,008$3,129$2,417$1,849$1,403$878
24 years$3,800$2,932$2,235$1,686$1,261$770
25 years$3,609$2,751$2,070$1,540$1,135$675
26 years$3,434$2,586$1,920$1,408$1,022$593
27 years$3,271$2,434$1,783$1,289$922$521
28 years$3,120$2,293$1,657$1,181$832$458
29 years$2,980$2,163$1,542$1,083$751$403
30 years$2,850$2,043$1,437$994$679$354
31 years$2,728$1,931$1,339$913$614$312
32 years$2,614$1,827$1,250$839$555$274
33 years$2,507$1,731$1,167$771$502$242
34 years$2,407$1,640$1,090$710$455$213
35 years$2,312$1,556$1,019$653$412$188
36 years$2,224$1,477$953$602$373$165
37 years$2,140$1,402$892$554$338$146
38 years$2,060$1,333$836$511$307$128
39 years$1,985$1,267$783$471$278$113
40 years$1,914$1,206$734$435$252$100
41 years$1,847$1,148$688$401$229$88
42 years$1,782$1,093$646$370$208$78
43 years$1,721$1,042$606$342$188$69
44 years$1,663$993$569$315$171$60
45 years$1,608$947$534$291$155$53
46 years$1,555$903$501$269$141$47
47 years$1,505$862$471$249$128$42
48 years$1,457$823$443$230$116$37
49 years$1,411$786$416$212$106$32
50 years$1,367$751$391$196$96$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,400,000, adding $4,435 every year, while hoping to spend $40,238 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/23/17 Blend
64$1,400,000$1,400,000$1,400,000$1,400,000
65$1,547,375$1,473,175$1,451,475$1,633,216
66$1,662,394$1,502,547$1,457,286$1,721,079
67$1,787,797$1,532,011$1,461,944$1,812,027
68$1,924,599$1,561,527$1,465,366$1,910,313
69$2,073,921$1,591,054$1,467,468$2,016,650
70$2,236,993$1,620,548$1,468,161$2,131,827
71$2,415,172$1,649,960$1,467,350$2,256,712
72$2,609,951$1,679,239$1,464,937$2,392,262
73$2,822,972$1,708,328$1,460,819$2,539,534
74$3,056,046$1,737,167$1,454,887$2,699,689
75$3,311,165$1,765,691$1,447,028$2,874,010
76$3,590,523$1,793,829$1,437,123$3,063,910
77$3,896,537$1,821,507$1,425,048$3,270,946
78$4,231,868$1,848,645$1,410,670$3,496,837
79$4,599,445$1,875,156$1,393,855$3,743,474
80$5,002,497$1,900,947$1,374,458$4,012,944
81$5,444,579$1,925,920$1,352,329$4,307,549
82$5,929,606$1,949,970$1,327,311$4,629,823
83$6,461,890$1,972,983$1,299,241$4,982,563
84$7,046,182$1,994,838$1,267,944$5,368,850
85$7,687,715$2,015,408$1,233,243$5,792,082
86$8,392,253$2,034,554$1,194,948$6,256,004
87$9,166,147$2,052,131$1,152,863$6,764,745
88$10,016,391$2,067,983$1,106,781$7,322,857
89$10,950,692$2,081,943$1,056,487$7,935,357
90$11,977,539$2,093,835$1,001,756$8,607,777
91$13,106,286$2,103,471$942,353$9,346,214
92$14,347,237$2,110,651$878,032$10,157,391
93$15,711,745$2,115,162$808,535$11,048,717
94$17,212,316$2,116,778$733,594$12,028,362
95$18,862,732$2,115,260$652,929$13,105,329
96$20,678,175$2,110,352$566,247$14,289,546
97$22,675,374$2,101,784$473,241$15,591,953
98$24,872,760$2,089,269$373,592$17,024,613
99$27,290,641$2,072,503$266,967$18,600,822
100$29,951,392$2,051,162$153,017$20,335,235