Can I retire at age 65 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$123,043$121,947$120,878$119,834$118,815$118,264
2 years$60,912$59,778$58,678$57,612$56,578$56,023
3 years$40,205$39,065$37,969$36,913$35,896$35,352
4 years$29,853$28,717$27,632$26,594$25,601$25,074
5 years$23,644$22,515$21,443$20,426$19,462$18,952
6 years$19,505$18,385$17,329$16,335$15,399$14,908
7 years$16,551$15,440$14,401$13,430$12,524$12,051
8 years$14,336$13,235$12,213$11,266$10,390$9,936
9 years$12,614$11,523$10,519$9,596$8,750$8,314
10 years$11,237$10,157$9,171$8,272$7,455$7,038
11 years$10,111$9,042$8,074$7,199$6,412$6,013
12 years$9,174$8,116$7,165$6,315$5,556$5,175
13 years$8,381$7,334$6,402$5,575$4,845$4,482
14 years$7,703$6,667$5,752$4,949$4,247$3,901
15 years$7,115$6,090$5,193$4,413$3,740$3,410
16 years$6,601$5,588$4,708$3,952$3,305$2,992
17 years$6,148$5,146$4,284$3,551$2,930$2,633
18 years$5,746$4,755$3,911$3,200$2,606$2,323
19 years$5,387$4,407$3,580$2,891$2,322$2,055
20 years$5,064$4,095$3,286$2,619$2,074$1,821
21 years$4,772$3,815$3,022$2,377$1,856$1,617
22 years$4,507$3,561$2,786$2,161$1,664$1,437
23 years$4,266$3,330$2,572$1,968$1,494$1,280
24 years$4,045$3,120$2,379$1,795$1,343$1,141
25 years$3,841$2,928$2,203$1,639$1,208$1,018
26 years$3,654$2,752$2,043$1,499$1,088$909
27 years$3,481$2,590$1,897$1,372$981$813
28 years$3,321$2,441$1,764$1,257$885$727
29 years$3,172$2,302$1,641$1,153$799$651
30 years$3,033$2,174$1,529$1,058$722$583
31 years$2,903$2,055$1,425$972$653$522
32 years$2,782$1,945$1,330$893$591$468
33 years$2,668$1,842$1,242$821$535$420
34 years$2,562$1,746$1,160$755$484$377
35 years$2,461$1,656$1,085$695$438$338
36 years$2,366$1,572$1,015$640$397$304
37 years$2,277$1,493$950$590$360$273
38 years$2,193$1,418$889$544$326$245
39 years$2,113$1,349$833$502$296$220
40 years$2,037$1,283$781$463$268$198
41 years$1,965$1,222$732$427$244$178
42 years$1,897$1,163$687$394$221$160
43 years$1,832$1,108$645$364$201$144
44 years$1,770$1,057$605$336$182$129
45 years$1,711$1,008$568$310$165$116
46 years$1,655$961$534$286$150$104
47 years$1,602$917$501$265$136$94
48 years$1,551$876$471$244$124$84
49 years$1,502$836$443$226$112$76
50 years$1,455$799$416$209$102$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,490,000, adding $5,770 every year, while hoping to spend $37,341 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: 56/28/16 Blend
64$1,490,000$1,490,000$1,490,000$1,490,000
65$1,647,932$1,568,962$1,545,867$1,732,978
66$1,776,290$1,606,110$1,557,923$1,828,577
67$1,916,490$1,643,828$1,569,131$1,928,124
68$2,069,699$1,682,102$1,579,424$2,035,714
69$2,237,203$1,720,921$1,588,730$2,152,127
70$2,420,420$1,760,268$1,596,974$2,278,219
71$2,620,908$1,800,126$1,604,078$2,414,933
72$2,840,384$1,840,476$1,609,958$2,563,312
73$3,080,740$1,881,295$1,614,528$2,724,500
74$3,344,056$1,922,560$1,617,696$2,899,761
75$3,632,627$1,964,242$1,619,366$3,090,485
76$3,948,978$2,006,313$1,619,438$3,298,206
77$4,295,890$2,048,739$1,617,805$3,524,614
78$4,676,427$2,091,483$1,614,357$3,771,569
79$5,093,962$2,134,505$1,608,978$4,041,124
80$5,552,213$2,177,763$1,601,546$4,335,540
81$6,055,274$2,221,209$1,591,933$4,657,307
82$6,607,654$2,264,790$1,580,005$5,009,172
83$7,214,322$2,308,452$1,565,622$5,394,161
84$7,880,749$2,352,132$1,548,637$5,815,609
85$8,612,964$2,395,766$1,528,895$6,277,192
86$9,417,610$2,439,281$1,506,236$6,782,962
87$10,302,002$2,482,602$1,480,491$7,337,382
88$11,274,202$2,525,645$1,451,483$7,945,375
89$12,343,090$2,568,321$1,419,027$8,612,363
90$13,518,450$2,610,534$1,382,930$9,344,326
91$14,811,063$2,652,181$1,342,989$10,147,852
92$16,232,805$2,693,151$1,298,992$11,030,203
93$17,796,761$2,733,326$1,250,719$11,999,383
94$19,517,350$2,772,578$1,197,937$13,064,214
95$21,410,456$2,810,771$1,140,404$14,234,420
96$23,493,583$2,847,759$1,077,868$15,520,716
97$25,786,015$2,883,386$1,010,063$16,934,916
98$28,309,002$2,917,485$936,714$18,490,038
99$31,085,958$2,949,879$857,531$20,200,431
100$34,142,680$2,980,378$772,213$22,081,910