Can I retire at age 65 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$120,565$119,492$118,444$117,421$116,422$115,351
2 years$59,686$58,574$57,497$56,452$55,439$54,359
3 years$39,395$38,279$37,204$36,170$35,173$34,118
4 years$29,252$28,139$27,075$26,058$25,086$24,065
5 years$23,168$22,061$21,011$20,015$19,070$18,085
6 years$19,113$18,015$16,980$16,006$15,089$14,143
7 years$16,217$15,129$14,111$13,160$12,272$11,363
8 years$14,047$12,968$11,967$11,039$10,180$9,310
9 years$12,360$11,291$10,307$9,403$8,573$7,741
10 years$11,011$9,953$8,986$8,106$7,305$6,510
11 years$9,908$8,860$7,911$7,054$6,283$5,524
12 years$8,989$7,952$7,021$6,188$5,444$4,722
13 years$8,213$7,187$6,273$5,463$4,748$4,060
14 years$7,548$6,532$5,636$4,849$4,162$3,509
15 years$6,972$5,968$5,089$4,325$3,664$3,045
16 years$6,468$5,475$4,614$3,872$3,238$2,651
17 years$6,025$5,042$4,198$3,479$2,871$2,316
18 years$5,631$4,659$3,832$3,135$2,553$2,028
19 years$5,279$4,318$3,508$2,833$2,276$1,779
20 years$4,962$4,013$3,220$2,566$2,033$1,564
21 years$4,676$3,738$2,962$2,329$1,819$1,377
22 years$4,416$3,489$2,730$2,117$1,631$1,215
23 years$4,180$3,263$2,520$1,928$1,464$1,073
24 years$3,963$3,057$2,331$1,759$1,316$948
25 years$3,764$2,869$2,159$1,606$1,184$839
26 years$3,581$2,697$2,002$1,469$1,066$743
27 years$3,411$2,538$1,859$1,344$961$658
28 years$3,254$2,391$1,728$1,232$867$584
29 years$3,108$2,256$1,608$1,129$783$518
30 years$2,972$2,131$1,498$1,037$708$460
31 years$2,845$2,014$1,397$952$640$408
32 years$2,726$1,906$1,303$875$579$363
33 years$2,615$1,805$1,217$805$524$322
34 years$2,510$1,710$1,137$740$474$287
35 years$2,412$1,622$1,063$681$430$255
36 years$2,319$1,540$994$628$389$227
37 years$2,231$1,463$931$578$353$202
38 years$2,149$1,390$872$533$320$180
39 years$2,070$1,322$817$491$290$160
40 years$1,996$1,257$765$453$263$142
41 years$1,926$1,197$718$418$239$127
42 years$1,859$1,140$673$386$217$113
43 years$1,795$1,086$632$356$197$100
44 years$1,735$1,035$593$329$178$89
45 years$1,677$987$557$304$162$80
46 years$1,622$942$523$281$147$71
47 years$1,570$899$491$259$134$63
48 years$1,519$858$462$240$121$56
49 years$1,471$819$434$221$110$50
50 years$1,425$783$408$205$100$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,460,000, adding $5,985 every year, while hoping to spend $53,941 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: 75/14/11 Blend
64$1,460,000$1,460,000$1,460,000$1,460,000
65$1,615,094$1,537,714$1,515,084$1,732,408
66$1,722,440$1,555,669$1,508,446$1,828,546
67$1,838,928$1,572,696$1,499,778$1,926,496
68$1,965,434$1,588,692$1,488,955$2,032,334
69$2,102,919$1,603,549$1,475,846$2,146,824
70$2,252,443$1,617,150$1,460,314$2,270,810
71$2,415,173$1,629,370$1,442,215$2,405,221
72$2,592,389$1,640,079$1,421,398$2,551,081
73$2,785,504$1,649,134$1,397,706$2,709,516
74$2,996,071$1,656,386$1,370,974$2,881,771
75$3,225,798$1,661,678$1,341,030$3,069,216
76$3,476,568$1,664,838$1,307,693$3,273,359
77$3,750,451$1,665,688$1,270,773$3,495,865
78$4,049,727$1,664,037$1,230,074$3,738,569
79$4,376,906$1,659,682$1,185,389$4,003,491
80$4,734,752$1,652,407$1,136,501$4,292,860
81$5,126,307$1,641,986$1,083,184$4,609,132
82$5,554,923$1,628,175$1,025,203$4,955,013
83$6,024,287$1,610,718$962,309$5,333,488
84$6,538,464$1,589,343$894,246$5,747,844
85$7,101,927$1,563,760$820,743$6,201,708
86$7,719,604$1,533,665$741,519$6,699,076
87$8,396,923$1,498,734$656,279$7,244,352
88$9,139,861$1,458,624$564,716$7,842,392
89$9,955,002$1,412,972$466,509$8,498,548
90$10,849,598$1,361,393$361,323$9,218,720
91$11,831,637$1,303,481$248,807$10,009,410
92$12,909,918$1,238,806$128,596$10,877,787
93$14,094,134$1,166,912$309$11,831,752
94$15,394,965$1,087,319$0$12,880,015
95$16,824,171$999,518$0$14,048,208
96$18,394,713$902,971$0$15,331,963
97$20,120,865$797,108$0$16,742,960
98$22,018,357$681,330$0$18,294,108
99$24,104,516$555,002$0$19,999,635
100$26,398,432$417,452$0$21,875,222