Can I retire at age 65 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$118,088$117,036$116,010$115,008$114,030$112,746
2 years$58,459$57,371$56,316$55,292$54,300$53,007
3 years$38,586$37,492$36,440$35,426$34,450$33,188
4 years$28,651$27,561$26,519$25,523$24,570$23,350
5 years$22,692$21,608$20,580$19,604$18,678$17,502
6 years$18,720$17,645$16,631$15,677$14,779$13,650
7 years$15,884$14,818$13,821$12,889$12,019$10,937
8 years$13,758$12,702$11,721$10,812$9,971$8,935
9 years$12,106$11,059$10,095$9,210$8,397$7,407
10 years$10,785$9,748$8,801$7,939$7,155$6,211
11 years$9,704$8,678$7,749$6,909$6,153$5,254
12 years$8,805$7,789$6,877$6,060$5,332$4,477
13 years$8,044$7,039$6,144$5,350$4,650$3,837
14 years$7,393$6,398$5,520$4,749$4,076$3,305
15 years$6,828$5,845$4,984$4,236$3,589$2,858
16 years$6,335$5,363$4,519$3,793$3,172$2,480
17 years$5,901$4,939$4,112$3,408$2,812$2,159
18 years$5,515$4,564$3,754$3,071$2,501$1,883
19 years$5,170$4,230$3,436$2,775$2,229$1,647
20 years$4,860$3,930$3,154$2,513$1,991$1,442
21 years$4,580$3,661$2,901$2,281$1,782$1,266
22 years$4,326$3,417$2,674$2,074$1,597$1,112
23 years$4,094$3,196$2,469$1,889$1,434$978
24 years$3,882$2,995$2,283$1,723$1,289$861
25 years$3,687$2,810$2,114$1,573$1,159$759
26 years$3,507$2,641$1,961$1,438$1,044$669
27 years$3,341$2,486$1,821$1,317$942$591
28 years$3,187$2,342$1,693$1,206$850$522
29 years$3,044$2,210$1,575$1,106$767$461
30 years$2,911$2,087$1,467$1,015$693$408
31 years$2,786$1,973$1,368$932$627$361
32 years$2,670$1,867$1,276$857$567$319
33 years$2,561$1,768$1,192$788$513$282
34 years$2,458$1,675$1,114$725$465$250
35 years$2,362$1,589$1,041$667$421$221
36 years$2,271$1,508$974$615$381$196
37 years$2,185$1,432$912$566$346$174
38 years$2,104$1,361$854$522$313$154
39 years$2,028$1,295$800$481$284$136
40 years$1,955$1,232$750$444$258$121
41 years$1,886$1,172$703$410$234$107
42 years$1,821$1,117$659$378$212$95
43 years$1,758$1,064$619$349$192$84
44 years$1,699$1,014$581$322$175$75
45 years$1,643$967$545$298$159$66
46 years$1,589$922$512$275$144$59
47 years$1,537$880$481$254$131$52
48 years$1,488$840$452$235$119$46
49 years$1,441$803$425$217$108$41
50 years$1,396$767$400$200$98$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,430,000, adding $5,201 every year, while hoping to spend $55,622 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: 54/16/30 Blend
64$1,430,000$1,430,000$1,430,000$1,430,000
65$1,581,225$1,505,435$1,483,270$1,653,124
66$1,683,328$1,520,020$1,473,778$1,718,099
67$1,793,982$1,533,455$1,462,104$1,782,718
68$1,914,000$1,545,626$1,448,116$1,851,984
69$2,044,276$1,556,410$1,431,676$1,926,366
70$2,185,794$1,565,676$1,412,639$2,006,383
71$2,339,637$1,573,285$1,390,854$2,092,608
72$2,506,994$1,579,091$1,366,162$2,185,677
73$2,689,177$1,582,935$1,338,398$2,286,291
74$2,887,626$1,584,652$1,307,387$2,395,226
75$3,103,927$1,584,064$1,272,948$2,513,341
76$3,339,827$1,580,982$1,234,891$2,641,583
77$3,597,247$1,575,208$1,193,017$2,781,001
78$3,878,301$1,566,528$1,147,118$2,932,755
79$4,185,318$1,554,718$1,096,977$3,098,123
80$4,520,861$1,539,540$1,042,366$3,278,522
81$4,887,751$1,520,740$983,048$3,475,514
82$5,289,095$1,498,050$918,774$3,690,827
83$5,728,315$1,471,186$849,285$3,926,367
84$6,209,177$1,439,848$774,310$4,184,243
85$6,735,829$1,403,716$693,565$4,466,781
86$7,312,839$1,362,454$606,755$4,776,552
87$7,945,237$1,315,703$513,570$5,116,394
88$8,638,564$1,263,085$413,687$5,489,441
89$9,398,923$1,204,201$306,771$5,899,151
90$10,233,033$1,138,628$192,468$6,349,346
91$11,148,299$1,065,917$70,412$6,844,241
92$12,152,874$985,595$0$7,388,491
93$13,255,740$897,162$0$8,006,390
94$14,466,791$800,089$0$8,709,749
95$15,796,927$693,817$0$9,482,396
96$17,258,155$577,755$0$10,331,377
97$18,863,701$451,279$0$11,264,457
98$20,628,137$313,730$0$12,290,196
99$22,567,516$164,412$0$13,418,027
100$24,699,524$2,589$0$14,658,352