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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$122,217$121,128$120,066$119,030$118,017$113,966
2 years$60,503$59,377$58,285$57,226$56,199$52,158
3 years$39,935$38,803$37,714$36,665$35,655$31,752
4 years$29,653$28,525$27,446$26,415$25,429$21,694
5 years$23,485$22,364$21,299$20,289$19,331$15,774
6 years$19,375$18,262$17,213$16,226$15,296$11,919
7 years$16,440$15,336$14,304$13,340$12,440$9,243
8 years$14,239$13,146$12,131$11,191$10,320$7,300
9 years$12,529$11,446$10,448$9,532$8,691$5,844
10 years$11,162$10,089$9,109$8,217$7,405$4,727
11 years$10,044$8,982$8,020$7,151$6,369$3,854
12 years$9,112$8,061$7,117$6,272$5,519$3,162
13 years$8,325$7,285$6,359$5,537$4,813$2,608
14 years$7,651$6,622$5,713$4,916$4,219$2,159
15 years$7,067$6,049$5,158$4,384$3,714$1,793
16 years$6,557$5,550$4,677$3,925$3,283$1,493
17 years$6,107$5,111$4,256$3,527$2,911$1,246
18 years$5,708$4,723$3,885$3,178$2,588$1,042
19 years$5,351$4,377$3,556$2,872$2,307$873
20 years$5,030$4,068$3,264$2,601$2,061$732
21 years$4,740$3,789$3,002$2,361$1,844$614
22 years$4,477$3,537$2,767$2,146$1,653$516
23 years$4,237$3,308$2,555$1,955$1,484$434
24 years$4,017$3,099$2,363$1,783$1,334$365
25 years$3,816$2,909$2,188$1,628$1,200$307
26 years$3,630$2,734$2,030$1,489$1,081$259
27 years$3,458$2,573$1,885$1,363$975$218
28 years$3,299$2,424$1,752$1,248$879$183
29 years$3,151$2,287$1,630$1,145$794$155
30 years$3,013$2,160$1,519$1,051$717$130
31 years$2,884$2,042$1,416$965$649$110
32 years$2,763$1,932$1,321$887$587$93
33 years$2,650$1,829$1,233$816$531$78
34 years$2,544$1,734$1,152$750$481$66
35 years$2,445$1,645$1,077$691$435$56
36 years$2,351$1,561$1,008$636$395$47
37 years$2,262$1,483$943$586$358$40
38 years$2,178$1,409$883$540$324$33
39 years$2,099$1,340$828$498$294$28
40 years$2,023$1,275$776$459$267$24
41 years$1,952$1,213$727$424$242$20
42 years$1,884$1,156$682$391$220$17
43 years$1,820$1,101$640$361$199$14
44 years$1,758$1,050$601$333$181$12
45 years$1,700$1,001$564$308$164$10
46 years$1,644$955$530$284$149$9
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$6
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

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 $5,928 every year, while hoping to spend $22,380 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: 72/16/12 Blend
64$1,480,000$1,480,000$1,480,000$1,480,000
65$1,637,075$1,558,635$1,535,695$1,750,457
66$1,780,244$1,611,196$1,563,328$1,878,855
67$1,937,267$1,665,582$1,591,138$2,016,084
68$2,109,532$1,721,860$1,619,105$2,165,747
69$2,298,570$1,780,097$1,647,211$2,329,065
70$2,506,067$1,840,364$1,675,435$2,507,388
71$2,733,880$1,902,736$1,703,756$2,702,196
72$2,984,053$1,967,287$1,732,149$2,915,125
73$3,258,841$2,034,099$1,760,591$3,147,970
74$3,560,725$2,103,252$1,789,053$3,402,713
75$3,892,440$2,174,832$1,817,507$3,681,534
76$4,256,998$2,248,928$1,845,923$3,986,834
77$4,657,718$2,325,632$1,874,268$4,321,258
78$5,098,257$2,405,040$1,902,507$4,687,719
79$5,582,643$2,487,250$1,930,604$5,089,425
80$6,115,313$2,572,366$1,958,520$5,529,911
81$6,701,157$2,660,494$1,986,213$6,013,068
82$7,345,564$2,751,747$2,013,640$6,543,185
83$8,054,468$2,846,239$2,040,753$7,124,985
84$8,834,409$2,944,090$2,067,504$7,763,671
85$9,692,593$3,045,425$2,093,840$8,464,975
86$10,636,960$3,150,373$2,119,706$9,235,211
87$11,676,258$3,259,070$2,145,044$10,081,337
88$12,820,125$3,371,653$2,169,792$11,011,015
89$14,079,183$3,488,269$2,193,885$12,032,689
90$15,465,134$3,609,069$2,217,254$13,155,662
91$16,990,873$3,734,208$2,239,828$14,390,182
92$18,670,609$3,863,851$2,261,529$15,747,541
93$20,519,998$3,998,167$2,282,277$17,240,180
94$22,556,291$4,137,331$2,301,987$18,881,806
95$24,798,499$4,281,526$2,320,569$20,687,523
96$27,267,569$4,430,943$2,337,931$22,673,970
97$29,986,581$4,585,780$2,353,972$24,859,483
98$32,980,972$4,746,242$2,368,589$27,264,263
99$36,278,766$4,912,543$2,381,672$29,910,572
100$39,910,848$5,084,905$2,393,106$32,822,937