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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$115,611$114,581$113,576$112,596$111,638$109,970
2 years$57,233$56,167$55,134$54,132$53,161$51,484
3 years$37,776$36,706$35,675$34,683$33,727$32,094
4 years$28,050$26,983$25,963$24,987$24,055$22,477
5 years$22,216$21,155$20,148$19,193$18,286$16,769
6 years$18,327$17,274$16,283$15,349$14,469$13,015
7 years$15,551$14,507$13,531$12,619$11,767$10,376
8 years$13,470$12,435$11,475$10,586$9,762$8,433
9 years$11,852$10,827$9,884$9,017$8,221$6,954
10 years$10,558$9,544$8,617$7,772$7,005$5,799
11 years$9,501$8,496$7,586$6,764$6,024$4,878
12 years$8,620$7,626$6,732$5,933$5,221$4,133
13 years$7,875$6,891$6,015$5,238$4,552$3,521
14 years$7,237$6,264$5,405$4,650$3,991$3,015
15 years$6,685$5,722$4,880$4,147$3,514$2,591
16 years$6,203$5,250$4,424$3,713$3,105$2,235
17 years$5,777$4,835$4,026$3,336$2,753$1,933
18 years$5,399$4,468$3,675$3,007$2,448$1,675
19 years$5,062$4,141$3,364$2,717$2,182$1,455
20 years$4,758$3,848$3,088$2,460$1,949$1,266
21 years$4,484$3,584$2,840$2,233$1,744$1,104
22 years$4,235$3,346$2,617$2,030$1,563$963
23 years$4,008$3,129$2,417$1,849$1,403$841
24 years$3,800$2,932$2,235$1,686$1,261$735
25 years$3,609$2,751$2,070$1,540$1,135$644
26 years$3,434$2,586$1,920$1,408$1,022$564
27 years$3,271$2,434$1,783$1,289$922$494
28 years$3,120$2,293$1,657$1,181$832$433
29 years$2,980$2,163$1,542$1,083$751$380
30 years$2,850$2,043$1,437$994$679$333
31 years$2,728$1,931$1,339$913$614$293
32 years$2,614$1,827$1,250$839$555$257
33 years$2,507$1,731$1,167$771$502$226
34 years$2,407$1,640$1,090$710$455$198
35 years$2,312$1,556$1,019$653$412$174
36 years$2,224$1,477$953$602$373$153
37 years$2,140$1,402$892$554$338$135
38 years$2,060$1,333$836$511$307$119
39 years$1,985$1,267$783$471$278$104
40 years$1,914$1,206$734$435$252$92
41 years$1,847$1,148$688$401$229$81
42 years$1,782$1,093$646$370$208$71
43 years$1,721$1,042$606$342$188$62
44 years$1,663$993$569$315$171$55
45 years$1,608$947$534$291$155$48
46 years$1,555$903$501$269$141$43
47 years$1,505$862$471$249$128$37
48 years$1,457$823$443$230$116$33
49 years$1,411$786$416$212$106$29
50 years$1,367$751$391$196$96$26

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 $5,816 every year, while hoping to spend $31,236 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: 40/30/30 Blend
64$1,400,000$1,400,000$1,400,000$1,400,000
65$1,548,799$1,474,599$1,452,899$1,596,845
66$1,673,542$1,513,620$1,468,336$1,671,470
67$1,809,961$1,553,505$1,483,244$1,748,846
68$1,959,216$1,594,265$1,497,571$1,831,978
69$2,122,580$1,635,909$1,511,264$1,921,412
70$2,301,459$1,678,444$1,524,267$2,017,755
71$2,497,398$1,721,878$1,536,520$2,121,670
72$2,712,101$1,766,218$1,547,961$2,233,892
73$2,947,442$1,811,469$1,558,525$2,355,229
74$3,205,487$1,857,637$1,568,142$2,486,571
75$3,488,511$1,904,726$1,576,739$2,628,901
76$3,799,019$1,952,738$1,584,240$2,783,299
77$4,139,772$2,001,675$1,590,565$2,950,957
78$4,513,809$2,051,537$1,595,629$3,133,191
79$4,924,479$2,102,324$1,599,344$3,331,449
80$5,375,470$2,154,032$1,601,616$3,547,326
81$5,870,847$2,206,659$1,602,349$3,782,582
82$6,415,085$2,260,196$1,601,439$4,039,158
83$7,013,115$2,314,638$1,598,779$4,319,190
84$7,670,371$2,369,973$1,594,257$4,625,037
85$8,392,837$2,426,190$1,587,753$4,959,295
86$9,187,108$2,483,275$1,579,144$5,324,829
87$10,060,448$2,541,210$1,568,300$5,724,794
88$11,020,861$2,599,977$1,555,085$6,162,672
89$12,077,164$2,659,551$1,539,356$6,642,298
90$13,239,074$2,719,908$1,520,963$7,167,899
91$14,517,295$2,781,019$1,499,751$7,744,138
92$15,923,621$2,842,851$1,475,555$8,376,152
93$17,471,047$2,905,368$1,448,203$9,069,605
94$19,173,893$2,968,530$1,417,517$9,830,741
95$21,047,934$3,032,292$1,383,307$10,666,441
96$23,110,553$3,096,604$1,345,379$11,584,292
97$25,380,906$3,161,414$1,303,525$12,592,656
98$27,880,096$3,226,661$1,257,531$13,700,751
99$30,631,379$3,292,281$1,207,171$14,918,739
100$33,660,380$3,358,203$1,152,212$16,257,819