Can I retire at age 65 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$121,391$120,310$119,255$118,225$117,220$114,759
2 years$60,095$58,975$57,891$56,839$55,819$53,352
3 years$39,665$38,541$37,459$36,417$35,414$33,017
4 years$29,452$28,332$27,261$26,237$25,257$22,949
5 years$23,326$22,212$21,155$20,152$19,200$16,987
6 years$19,244$18,138$17,097$16,116$15,193$13,077
7 years$16,329$15,232$14,207$13,250$12,356$10,338
8 years$14,143$13,057$12,049$11,115$10,250$8,330
9 years$12,444$11,368$10,378$9,467$8,632$6,808
10 years$11,086$10,021$9,048$8,161$7,355$5,625
11 years$9,976$8,921$7,965$7,103$6,326$4,687
12 years$9,051$8,007$7,069$6,230$5,482$3,933
13 years$8,269$7,236$6,316$5,500$4,780$3,318
14 years$7,599$6,577$5,675$4,882$4,190$2,812
15 years$7,020$6,008$5,124$4,354$3,689$2,392
16 years$6,513$5,513$4,645$3,899$3,261$2,041
17 years$6,066$5,077$4,227$3,503$2,891$1,747
18 years$5,669$4,691$3,859$3,157$2,571$1,498
19 years$5,315$4,348$3,532$2,852$2,291$1,287
20 years$4,996$4,040$3,242$2,583$2,047$1,107
21 years$4,708$3,763$2,982$2,345$1,831$954
22 years$4,447$3,513$2,748$2,132$1,642$823
23 years$4,208$3,286$2,538$1,942$1,474$710
24 years$3,990$3,078$2,347$1,771$1,325$614
25 years$3,790$2,889$2,174$1,617$1,192$531
26 years$3,605$2,715$2,016$1,479$1,074$459
27 years$3,435$2,555$1,872$1,353$968$398
28 years$3,276$2,408$1,740$1,240$873$345
29 years$3,129$2,271$1,619$1,137$789$299
30 years$2,992$2,145$1,508$1,044$713$259
31 years$2,864$2,028$1,406$958$644$224
32 years$2,745$1,919$1,312$881$583$195
33 years$2,633$1,817$1,225$810$527$169
34 years$2,527$1,722$1,145$745$478$147
35 years$2,428$1,633$1,070$686$433$127
36 years$2,335$1,550$1,001$632$392$110
37 years$2,247$1,473$937$582$355$96
38 years$2,163$1,399$877$537$322$83
39 years$2,084$1,331$822$495$292$72
40 years$2,010$1,266$771$456$265$63
41 years$1,939$1,205$723$421$240$54
42 years$1,872$1,148$678$389$218$47
43 years$1,808$1,094$636$359$198$41
44 years$1,747$1,042$597$331$180$36
45 years$1,689$994$561$306$163$31
46 years$1,633$948$526$283$148$27
47 years$1,580$905$495$261$134$23
48 years$1,530$864$465$241$122$20
49 years$1,481$825$437$223$111$18
50 years$1,435$788$411$206$101$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,470,000, adding $3,862 every year, while hoping to spend $41,278 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: 38/33/29 Blend
64$1,470,000$1,470,000$1,470,000$1,470,000
65$1,623,924$1,546,014$1,523,229$1,671,495
66$1,745,644$1,577,849$1,530,337$1,738,714
67$1,878,397$1,609,861$1,536,301$1,807,264
68$2,023,264$1,642,014$1,541,037$1,880,571
69$2,181,435$1,674,270$1,544,460$1,959,093
70$2,354,221$1,706,589$1,546,479$2,043,340
71$2,543,065$1,738,926$1,546,999$2,133,872
72$2,749,555$1,771,231$1,545,922$2,231,306
73$2,975,441$1,803,453$1,543,141$2,336,327
74$3,222,649$1,835,535$1,538,549$2,449,689
75$3,493,299$1,867,415$1,532,030$2,572,223
76$3,789,726$1,899,029$1,523,464$2,704,849
77$4,114,502$1,930,306$1,512,724$2,848,583
78$4,470,460$1,961,169$1,499,679$3,004,543
79$4,860,717$1,991,538$1,484,189$3,173,967
80$5,288,711$2,021,323$1,466,110$3,358,220
81$5,758,224$2,050,433$1,445,289$3,558,808
82$6,273,425$2,078,766$1,421,568$3,777,395
83$6,838,904$2,106,215$1,394,780$4,015,815
84$7,459,718$2,132,665$1,364,751$4,276,094
85$8,141,437$2,157,994$1,331,298$4,560,469
86$8,890,197$2,182,069$1,294,231$4,871,406
87$9,712,759$2,204,752$1,253,349$5,211,627
88$10,616,568$2,225,893$1,208,444$5,584,137
89$11,609,829$2,245,333$1,159,297$5,992,252
90$12,701,579$2,262,901$1,105,681$6,439,628
91$13,901,776$2,278,419$1,047,357$6,930,301
92$15,221,388$2,291,693$984,075$7,468,725
93$16,672,502$2,302,518$915,574$8,059,810
94$18,268,434$2,310,678$841,582$8,708,977
95$20,023,854$2,315,941$761,814$9,422,204
96$21,954,925$2,318,061$675,974$10,206,086
97$24,079,459$2,316,776$583,750$11,067,897
98$26,417,076$2,311,811$484,818$12,015,661
99$28,989,398$2,302,870$378,840$13,058,229
100$31,820,247$2,289,641$265,461$14,205,364