Can I retire at age 65 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$122,217$121,128$120,066$119,030$118,017$116,639
2 years$60,503$59,377$58,285$57,226$56,199$54,812
3 years$39,935$38,803$37,714$36,665$35,655$34,302
4 years$29,653$28,525$27,446$26,415$25,429$24,121
5 years$23,485$22,364$21,299$20,289$19,331$18,071
6 years$19,375$18,262$17,213$16,226$15,296$14,086
7 years$16,440$15,336$14,304$13,340$12,440$11,280
8 years$14,239$13,146$12,131$11,191$10,320$9,210
9 years$12,529$11,446$10,448$9,532$8,691$7,631
10 years$11,162$10,089$9,109$8,217$7,405$6,394
11 years$10,044$8,982$8,020$7,151$6,369$5,406
12 years$9,112$8,061$7,117$6,272$5,519$4,603
13 years$8,325$7,285$6,359$5,537$4,813$3,943
14 years$7,651$6,622$5,713$4,916$4,219$3,394
15 years$7,067$6,049$5,158$4,384$3,714$2,933
16 years$6,557$5,550$4,677$3,925$3,283$2,543
17 years$6,107$5,111$4,256$3,527$2,911$2,212
18 years$5,708$4,723$3,885$3,178$2,588$1,929
19 years$5,351$4,377$3,556$2,872$2,307$1,685
20 years$5,030$4,068$3,264$2,601$2,061$1,475
21 years$4,740$3,789$3,002$2,361$1,844$1,293
22 years$4,477$3,537$2,767$2,146$1,653$1,135
23 years$4,237$3,308$2,555$1,955$1,484$998
24 years$4,017$3,099$2,363$1,783$1,334$878
25 years$3,816$2,909$2,188$1,628$1,200$773
26 years$3,630$2,734$2,030$1,489$1,081$681
27 years$3,458$2,573$1,885$1,363$975$601
28 years$3,299$2,424$1,752$1,248$879$530
29 years$3,151$2,287$1,630$1,145$794$468
30 years$3,013$2,160$1,519$1,051$717$414
31 years$2,884$2,042$1,416$965$649$366
32 years$2,763$1,932$1,321$887$587$323
33 years$2,650$1,829$1,233$816$531$286
34 years$2,544$1,734$1,152$750$481$253
35 years$2,445$1,645$1,077$691$435$224
36 years$2,351$1,561$1,008$636$395$198
37 years$2,262$1,483$943$586$358$175
38 years$2,178$1,409$883$540$324$155
39 years$2,099$1,340$828$498$294$137
40 years$2,023$1,275$776$459$267$122
41 years$1,952$1,213$727$424$242$108
42 years$1,884$1,156$682$391$220$95
43 years$1,820$1,101$640$361$199$85
44 years$1,758$1,050$601$333$181$75
45 years$1,700$1,001$564$308$164$66
46 years$1,644$955$530$284$149$59
47 years$1,591$911$498$263$135$52
48 years$1,540$870$468$243$123$46
49 years$1,492$831$440$224$112$41
50 years$1,445$793$414$207$101$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,480,000, adding $5,373 every year, while hoping to spend $21,023 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: 56/26/18 Blend
64$1,480,000$1,480,000$1,480,000$1,480,000
65$1,636,502$1,558,062$1,535,122$1,720,022
66$1,781,057$1,612,039$1,564,181$1,831,476
67$1,939,652$1,667,956$1,593,508$1,950,108
68$2,113,697$1,725,886$1,623,090$2,078,872
69$2,304,745$1,785,905$1,652,915$2,218,747
70$2,514,506$1,848,092$1,682,965$2,370,804
71$2,744,865$1,912,528$1,713,223$2,536,227
72$2,997,898$1,979,299$1,743,673$2,716,317
73$3,275,892$2,048,492$1,774,294$2,912,505
74$3,581,366$2,120,201$1,805,066$3,126,368
75$3,917,094$2,194,521$1,835,965$3,359,640
76$4,286,136$2,271,550$1,866,968$3,614,230
77$4,691,860$2,351,394$1,898,049$3,892,241
78$5,137,976$2,434,158$1,929,180$4,195,988
79$5,628,573$2,519,956$1,960,332$4,528,019
80$6,168,157$2,608,904$1,991,472$4,891,140
81$6,761,691$2,701,122$2,022,569$5,288,440
82$7,414,643$2,796,737$2,053,585$5,723,323
83$8,133,039$2,895,879$2,084,482$6,199,536
84$8,923,518$2,998,686$2,115,221$6,721,204
85$9,793,395$3,105,299$2,145,758$7,292,874
86$10,750,728$3,215,866$2,176,049$7,919,551
87$11,804,399$3,330,540$2,206,043$8,606,749
88$12,964,194$3,449,483$2,235,691$9,360,539
89$14,240,893$3,572,859$2,264,939$10,187,612
90$15,646,378$3,700,843$2,293,728$11,095,336
91$17,193,739$3,833,614$2,321,998$12,091,827
92$18,897,401$3,971,362$2,349,685$13,186,027
93$20,773,258$4,114,281$2,376,722$14,387,785
94$22,838,825$4,262,575$2,403,037$15,707,953
95$25,113,400$4,416,457$2,428,554$17,158,483
96$27,618,251$4,576,147$2,453,194$18,752,545
97$30,376,809$4,741,875$2,476,873$20,504,648
98$33,414,898$4,913,881$2,499,502$22,430,775
99$36,760,970$5,092,414$2,520,989$24,548,538
100$40,446,381$5,277,734$2,541,234$26,877,339