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%11.8%
1 years$115,611$114,581$113,576$112,596$111,638$110,795
2 years$57,233$56,167$55,134$54,132$53,161$52,311
3 years$37,776$36,706$35,675$34,683$33,727$32,897
4 years$28,050$26,983$25,963$24,987$24,055$23,250
5 years$22,216$21,155$20,148$19,193$18,286$17,510
6 years$18,327$17,274$16,283$15,349$14,469$13,722
7 years$15,551$14,507$13,531$12,619$11,767$11,050
8 years$13,470$12,435$11,475$10,586$9,762$9,074
9 years$11,852$10,827$9,884$9,017$8,221$7,562
10 years$10,558$9,544$8,617$7,772$7,005$6,375
11 years$9,501$8,496$7,586$6,764$6,024$5,423
12 years$8,620$7,626$6,732$5,933$5,221$4,647
13 years$7,875$6,891$6,015$5,238$4,552$4,006
14 years$7,237$6,264$5,405$4,650$3,991$3,471
15 years$6,685$5,722$4,880$4,147$3,514$3,020
16 years$6,203$5,250$4,424$3,713$3,105$2,637
17 years$5,777$4,835$4,026$3,336$2,753$2,310
18 years$5,399$4,468$3,675$3,007$2,448$2,028
19 years$5,062$4,141$3,364$2,717$2,182$1,785
20 years$4,758$3,848$3,088$2,460$1,949$1,574
21 years$4,484$3,584$2,840$2,233$1,744$1,390
22 years$4,235$3,346$2,617$2,030$1,563$1,229
23 years$4,008$3,129$2,417$1,849$1,403$1,089
24 years$3,800$2,932$2,235$1,686$1,261$965
25 years$3,609$2,751$2,070$1,540$1,135$857
26 years$3,434$2,586$1,920$1,408$1,022$761
27 years$3,271$2,434$1,783$1,289$922$677
28 years$3,120$2,293$1,657$1,181$832$602
29 years$2,980$2,163$1,542$1,083$751$536
30 years$2,850$2,043$1,437$994$679$477
31 years$2,728$1,931$1,339$913$614$425
32 years$2,614$1,827$1,250$839$555$379
33 years$2,507$1,731$1,167$771$502$338
34 years$2,407$1,640$1,090$710$455$301
35 years$2,312$1,556$1,019$653$412$269
36 years$2,224$1,477$953$602$373$240
37 years$2,140$1,402$892$554$338$214
38 years$2,060$1,333$836$511$307$191
39 years$1,985$1,267$783$471$278$171
40 years$1,914$1,206$734$435$252$153
41 years$1,847$1,148$688$401$229$136
42 years$1,782$1,093$646$370$208$122
43 years$1,721$1,042$606$342$188$109
44 years$1,663$993$569$315$171$97
45 years$1,608$947$534$291$155$87
46 years$1,555$903$501$269$141$78
47 years$1,505$862$471$249$128$69
48 years$1,457$823$443$230$116$62
49 years$1,411$786$416$212$106$56
50 years$1,367$751$391$196$96$50

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 $5,479 every year, while hoping to spend $37,997 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: 82/10/8 Blend
64$1,400,000$1,400,000$1,400,000$1,400,000
65$1,548,452$1,474,252$1,452,552$1,673,473
66$1,665,965$1,506,061$1,460,784$1,787,884
67$1,794,192$1,538,156$1,468,018$1,907,836
68$1,934,183$1,570,510$1,474,181$2,038,361
69$2,087,100$1,603,095$1,479,195$2,180,499
70$2,254,215$1,635,878$1,482,980$2,335,391
71$2,436,935$1,668,826$1,485,450$2,504,296
72$2,636,806$1,701,902$1,486,515$2,688,600
73$2,855,529$1,735,064$1,486,082$2,889,830
74$3,094,979$1,768,268$1,484,053$3,109,667
75$3,357,222$1,801,468$1,480,323$3,349,962
76$3,644,530$1,834,611$1,474,785$3,612,757
77$3,959,406$1,867,642$1,467,325$3,900,299
78$4,304,609$1,900,499$1,457,823$4,215,062
79$4,683,174$1,933,119$1,446,156$4,559,775
80$5,098,447$1,965,431$1,432,192$4,937,442
81$5,554,113$1,997,361$1,415,794$5,351,372
82$6,054,228$2,028,828$1,396,819$5,805,213
83$6,603,263$2,059,744$1,375,116$6,302,983
84$7,206,143$2,090,018$1,350,529$6,849,109
85$7,868,290$2,119,550$1,322,893$7,448,467
86$8,595,681$2,148,233$1,292,035$8,106,434
87$9,394,898$2,175,954$1,257,775$8,828,929
88$10,273,192$2,202,590$1,219,925$9,622,478
89$11,238,552$2,228,012$1,178,288$10,494,271
90$12,299,781$2,252,081$1,132,656$11,452,228
91$13,466,574$2,274,648$1,082,816$12,505,080
92$14,749,614$2,295,556$1,028,540$13,662,445
93$16,160,673$2,314,636$969,594$14,934,922
94$17,712,717$2,331,709$905,731$16,334,190
95$19,420,035$2,346,583$836,694$17,873,120
96$21,298,369$2,359,056$762,213$19,565,894
97$23,365,064$2,368,911$682,009$21,428,139
98$25,639,231$2,375,919$595,787$23,477,078
99$28,141,927$2,379,834$503,240$25,731,686
100$30,896,355$2,380,396$404,050$28,212,879