Can I retire at age 65 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$116,436$115,399$114,387$113,400$112,435$110,346
2 years$57,642$56,568$55,528$54,519$53,541$51,443
3 years$38,046$36,968$35,930$34,931$33,968$31,929
4 years$28,250$27,175$26,148$25,166$24,227$22,260
5 years$22,374$21,306$20,292$19,330$18,417$16,529
6 years$18,458$17,398$16,399$15,458$14,572$12,766
7 years$15,662$14,611$13,628$12,709$11,851$10,126
8 years$13,566$12,524$11,557$10,661$9,832$8,187
9 years$11,937$10,904$9,954$9,081$8,280$6,715
10 years$10,634$9,612$8,678$7,828$7,055$5,569
11 years$9,569$8,557$7,640$6,813$6,067$4,658
12 years$8,681$7,680$6,781$5,976$5,258$3,924
13 years$7,931$6,941$6,058$5,276$4,585$3,324
14 years$7,289$6,309$5,443$4,683$4,019$2,828
15 years$6,733$5,763$4,914$4,176$3,539$2,416
16 years$6,247$5,288$4,456$3,740$3,128$2,071
17 years$5,818$4,870$4,054$3,360$2,773$1,779
18 years$5,438$4,500$3,701$3,028$2,466$1,532
19 years$5,098$4,170$3,388$2,736$2,198$1,322
20 years$4,792$3,875$3,110$2,478$1,963$1,143
21 years$4,516$3,610$2,860$2,249$1,757$989
22 years$4,265$3,370$2,636$2,045$1,575$857
23 years$4,037$3,151$2,434$1,862$1,414$744
24 years$3,827$2,953$2,251$1,698$1,270$646
25 years$3,635$2,771$2,085$1,551$1,143$561
26 years$3,458$2,604$1,934$1,418$1,030$488
27 years$3,294$2,451$1,796$1,298$928$424
28 years$3,143$2,309$1,669$1,189$838$369
29 years$3,002$2,179$1,553$1,091$756$322
30 years$2,870$2,058$1,447$1,001$684$280
31 years$2,747$1,945$1,349$919$618$244
32 years$2,633$1,840$1,259$845$559$213
33 years$2,525$1,743$1,175$777$506$186
34 years$2,424$1,652$1,098$715$458$162
35 years$2,329$1,567$1,026$658$415$141
36 years$2,239$1,487$960$606$376$123
37 years$2,155$1,412$899$558$341$107
38 years$2,075$1,342$842$515$309$94
39 years$1,999$1,276$789$475$280$82
40 years$1,928$1,214$739$438$254$71
41 years$1,860$1,156$693$404$230$62
42 years$1,795$1,101$650$373$209$54
43 years$1,734$1,049$610$344$190$48
44 years$1,675$1,000$573$318$172$41
45 years$1,620$953$538$293$156$36
46 years$1,566$910$505$271$142$32
47 years$1,516$868$474$250$129$28
48 years$1,467$829$446$231$117$24
49 years$1,421$791$419$214$106$21
50 years$1,377$756$394$198$97$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,410,000, adding $3,714 every year, while hoping to spend $28,798 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: 45/33/22 Blend
64$1,410,000$1,410,000$1,410,000$1,410,000
65$1,557,651$1,482,921$1,461,066$1,617,718
66$1,685,891$1,524,943$1,479,371$1,702,415
67$1,826,245$1,568,059$1,497,324$1,791,091
68$1,979,921$1,612,293$1,514,882$1,886,673
69$2,148,244$1,657,667$1,532,002$1,989,815
70$2,332,677$1,704,204$1,548,637$2,101,241
71$2,534,830$1,751,930$1,564,735$2,221,746
72$2,756,475$1,800,867$1,580,246$2,352,205
73$2,999,565$1,851,039$1,595,114$2,493,583
74$3,266,251$1,902,470$1,609,281$2,646,941
75$3,558,902$1,955,185$1,622,686$2,813,449
76$3,880,128$2,009,207$1,635,263$2,994,394
77$4,232,802$2,064,559$1,646,946$3,191,194
78$4,620,092$2,121,267$1,657,663$3,405,412
79$5,045,485$2,179,352$1,667,338$3,638,769
80$5,512,823$2,238,839$1,675,893$3,893,161
81$6,026,340$2,299,752$1,683,244$4,170,675
82$6,590,699$2,362,112$1,689,305$4,473,612
83$7,211,037$2,425,942$1,693,984$4,804,508
84$7,893,015$2,491,265$1,697,184$5,166,154
85$8,642,867$2,558,101$1,698,804$5,561,628
86$9,467,464$2,626,473$1,698,739$5,994,320
87$10,374,376$2,696,400$1,696,877$6,467,966
88$11,371,941$2,767,903$1,693,101$6,986,681
89$12,469,348$2,841,000$1,687,289$7,555,000
90$13,676,722$2,915,708$1,679,313$8,177,921
91$15,005,215$2,992,046$1,669,038$8,860,952
92$16,467,119$3,070,028$1,656,323$9,610,160
93$18,075,975$3,149,670$1,641,020$10,432,232
94$19,846,705$3,230,984$1,622,975$11,334,537
95$21,795,750$3,313,982$1,602,024$12,325,196
96$23,941,224$3,398,675$1,578,000$13,413,157
97$26,303,089$3,485,071$1,550,723$14,608,282
98$28,903,340$3,573,175$1,520,009$15,921,437
99$31,766,213$3,662,993$1,485,661$17,364,599
100$34,918,413$3,754,526$1,447,477$18,950,966