Can I retire at age 65 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$123,869$122,765$121,689$120,638$119,612$116,626
2 years$61,321$60,179$59,072$57,999$56,958$53,968
3 years$40,475$39,328$38,224$37,161$36,137$33,237
4 years$30,053$28,910$27,817$26,772$25,773$22,986
5 years$23,802$22,666$21,587$20,564$19,592$16,925
6 years$19,636$18,508$17,446$16,445$15,503$12,958
7 years$16,662$15,543$14,497$13,520$12,608$10,186
8 years$14,432$13,323$12,295$11,342$10,459$8,160
9 years$12,698$11,600$10,590$9,661$8,808$6,629
10 years$11,312$10,225$9,232$8,328$7,505$5,443
11 years$10,179$9,103$8,128$7,247$6,455$4,507
12 years$9,236$8,170$7,213$6,357$5,593$3,757
13 years$8,438$7,384$6,445$5,612$4,878$3,149
14 years$7,754$6,711$5,791$4,982$4,276$2,650
15 years$7,163$6,131$5,228$4,443$3,765$2,239
16 years$6,646$5,625$4,740$3,978$3,327$1,897
17 years$6,190$5,181$4,313$3,574$2,950$1,612
18 years$5,785$4,787$3,937$3,221$2,623$1,372
19 years$5,423$4,437$3,605$2,911$2,338$1,170
20 years$5,098$4,123$3,308$2,636$2,088$999
21 years$4,804$3,840$3,043$2,393$1,869$854
22 years$4,537$3,585$2,804$2,175$1,675$731
23 years$4,294$3,353$2,589$1,981$1,504$626
24 years$4,072$3,141$2,395$1,807$1,352$537
25 years$3,867$2,948$2,218$1,650$1,216$461
26 years$3,679$2,770$2,057$1,509$1,096$395
27 years$3,505$2,607$1,910$1,381$988$340
28 years$3,343$2,457$1,776$1,265$891$292
29 years$3,193$2,318$1,652$1,160$805$251
30 years$3,053$2,189$1,539$1,065$727$216
31 years$2,923$2,069$1,435$978$657$185
32 years$2,801$1,958$1,339$899$595$159
33 years$2,686$1,854$1,250$827$538$137
34 years$2,579$1,757$1,168$761$487$118
35 years$2,478$1,667$1,092$700$441$102
36 years$2,382$1,582$1,022$645$400$87
37 years$2,292$1,503$956$594$362$75
38 years$2,207$1,428$895$548$329$65
39 years$2,127$1,358$839$505$298$56
40 years$2,051$1,292$786$466$270$48
41 years$1,978$1,230$737$430$245$41
42 years$1,910$1,171$692$397$222$36
43 years$1,844$1,116$649$366$202$31
44 years$1,782$1,064$609$338$183$26
45 years$1,723$1,014$572$312$166$23
46 years$1,666$968$537$288$151$20
47 years$1,613$923$505$266$137$17
48 years$1,561$882$474$246$125$15
49 years$1,512$842$446$227$113$13
50 years$1,465$804$419$210$103$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,500,000, adding $2,376 every year, while hoping to spend $39,433 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: 57/38/5 Blend
64$1,500,000$1,500,000$1,500,000$1,500,000
65$1,655,451$1,575,951$1,552,701$1,748,104
66$1,782,350$1,611,216$1,562,760$1,845,875
67$1,920,872$1,646,888$1,571,834$1,947,678
68$2,072,160$1,682,944$1,579,849$2,057,602
69$2,237,473$1,719,361$1,586,727$2,176,423
70$2,418,197$1,756,111$1,592,384$2,304,999
71$2,615,859$1,793,166$1,596,735$2,444,272
72$2,832,139$1,830,494$1,599,688$2,595,279
73$3,068,888$1,868,059$1,601,148$2,759,165
74$3,328,143$1,905,822$1,601,015$2,937,188
75$3,612,148$1,943,742$1,599,184$3,130,737
76$3,923,374$1,981,773$1,595,544$3,341,340
77$4,264,544$2,019,865$1,589,980$3,570,680
78$4,638,654$2,057,965$1,582,371$3,820,614
79$5,049,005$2,096,014$1,572,589$4,093,184
80$5,499,235$2,133,950$1,560,502$4,390,644
81$5,993,348$2,171,704$1,545,970$4,715,474
82$6,535,755$2,209,204$1,528,846$5,070,411
83$7,131,318$2,246,371$1,508,978$5,458,466
84$7,785,389$2,283,119$1,486,205$5,882,962
85$8,503,865$2,319,358$1,460,359$6,347,557
86$9,293,243$2,354,991$1,431,265$6,856,284
87$10,160,681$2,389,912$1,398,739$7,413,588
88$11,114,062$2,424,010$1,362,589$8,024,368
89$12,162,073$2,457,163$1,322,612$8,694,021
90$13,314,284$2,489,244$1,278,600$9,428,496
91$14,581,239$2,520,115$1,230,331$10,234,350
92$15,974,553$2,549,628$1,177,575$11,118,811
93$17,507,026$2,577,628$1,120,091$12,089,841
94$19,192,757$2,603,946$1,057,629$13,156,219
95$21,047,283$2,628,405$989,924$14,327,619
96$23,087,722$2,650,813$916,703$15,614,704
97$25,332,935$2,670,968$837,678$17,029,225
98$27,803,703$2,688,654$752,549$18,584,135
99$30,522,924$2,703,641$661,002$20,293,710
100$33,515,827$2,715,684$562,711$22,173,682