Can I retire at age 65 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$118,914$117,855$116,821$115,813$114,828$111,107
2 years$58,868$57,772$56,709$55,679$54,680$50,967
3 years$38,856$37,755$36,695$35,674$34,691$31,102
4 years$28,851$27,754$26,704$25,701$24,742$21,304
5 years$22,850$21,759$20,724$19,741$18,808$15,530
6 years$18,851$17,768$16,748$15,787$14,883$11,767
7 years$15,995$14,922$13,917$12,979$12,103$9,151
8 years$13,855$12,791$11,803$10,888$10,041$7,249
9 years$12,191$11,136$10,166$9,274$8,456$5,821
10 years$10,860$9,816$8,863$7,994$7,205$4,724
11 years$9,772$8,739$7,803$6,958$6,196$3,864
12 years$8,866$7,843$6,925$6,103$5,370$3,181
13 years$8,100$7,088$6,187$5,388$4,683$2,632
14 years$7,444$6,443$5,559$4,783$4,105$2,186
15 years$6,876$5,886$5,019$4,265$3,614$1,822
16 years$6,380$5,400$4,550$3,819$3,194$1,523
17 years$5,942$4,973$4,141$3,431$2,832$1,276
18 years$5,554$4,596$3,780$3,092$2,518$1,071
19 years$5,206$4,259$3,460$2,794$2,245$900
20 years$4,894$3,958$3,176$2,531$2,005$758
21 years$4,612$3,687$2,921$2,297$1,794$638
22 years$4,356$3,441$2,692$2,088$1,608$538
23 years$4,123$3,218$2,486$1,902$1,444$454
24 years$3,909$3,016$2,299$1,735$1,298$384
25 years$3,713$2,830$2,129$1,584$1,168$324
26 years$3,532$2,660$1,975$1,448$1,052$274
27 years$3,364$2,503$1,834$1,326$948$232
28 years$3,209$2,359$1,705$1,215$856$196
29 years$3,065$2,225$1,586$1,114$773$166
30 years$2,931$2,101$1,478$1,022$698$140
31 years$2,806$1,986$1,378$939$631$119
32 years$2,689$1,880$1,285$863$571$101
33 years$2,579$1,780$1,200$794$517$85
34 years$2,476$1,687$1,121$730$468$72
35 years$2,379$1,600$1,048$672$424$61
36 years$2,287$1,519$981$619$384$52
37 years$2,201$1,442$918$570$348$44
38 years$2,119$1,371$860$526$315$37
39 years$2,042$1,304$805$485$286$31
40 years$1,969$1,240$755$447$259$27
41 years$1,899$1,181$708$412$235$23
42 years$1,833$1,124$664$381$214$19
43 years$1,771$1,071$623$351$194$16
44 years$1,711$1,021$585$324$176$14
45 years$1,654$974$549$300$160$12
46 years$1,600$929$516$277$145$10
47 years$1,548$886$485$256$132$8
48 years$1,499$846$455$236$120$7
49 years$1,451$808$428$218$109$6
50 years$1,406$772$402$202$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,440,000, adding $5,334 every year, while hoping to spend $46,716 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: 67/11/22 Blend
64$1,440,000$1,440,000$1,440,000$1,440,000
65$1,592,382$1,516,062$1,493,742$1,689,844
66$1,705,100$1,540,644$1,494,077$1,780,457
67$1,827,748$1,564,864$1,492,857$1,873,659
68$1,961,293$1,588,656$1,489,982$1,974,482
69$2,106,792$1,611,948$1,485,344$2,083,679
70$2,265,415$1,634,663$1,478,833$2,202,076
71$2,438,444$1,656,718$1,470,330$2,330,586
72$2,627,294$1,678,026$1,459,715$2,470,214
73$2,833,520$1,698,492$1,446,858$2,622,071
74$3,058,837$1,718,016$1,431,625$2,787,378
75$3,305,129$1,736,489$1,413,875$2,967,484
76$3,574,473$1,753,798$1,393,461$3,163,875
77$3,869,154$1,769,820$1,370,228$3,378,190
78$4,191,692$1,784,424$1,344,014$3,612,235
79$4,544,856$1,797,473$1,314,650$3,868,004
80$4,931,700$1,808,817$1,281,959$4,147,693
81$5,355,585$1,818,301$1,245,756$4,453,723
82$5,820,213$1,825,756$1,205,848$4,788,765
83$6,329,661$1,831,005$1,162,030$5,155,762
84$6,888,420$1,833,858$1,114,092$5,557,961
85$7,501,437$1,834,115$1,061,812$5,998,940
86$8,174,159$1,831,561$1,004,957$6,482,645
87$8,912,587$1,825,972$943,287$7,013,425
88$9,723,331$1,817,105$876,548$7,596,076
89$10,613,674$1,804,706$804,475$8,235,885
90$11,591,636$1,788,504$726,793$8,938,681
91$12,666,055$1,768,213$643,213$9,710,889
92$13,846,665$1,743,527$553,432$10,559,595
93$15,144,190$1,714,125$457,137$11,492,607
94$16,570,445$1,679,665$353,999$12,518,534
95$18,138,447$1,639,786$243,675$13,646,870
96$19,862,537$1,594,103$125,806$14,888,075
97$21,758,514$1,542,212$19$16,253,684
98$23,843,785$1,483,683$0$17,756,412
99$26,137,530$1,418,063$0$19,441,782
100$28,660,879$1,344,869$0$21,295,789