Can I retire at age 65 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$125,520$124,402$123,311$122,247$121,207$119,692
2 years$62,139$60,981$59,860$58,772$57,718$56,194
3 years$41,014$39,852$38,733$37,656$36,618$35,132
4 years$30,454$29,295$28,188$27,129$26,117$24,680
5 years$24,120$22,968$21,875$20,838$19,853$18,470
6 years$19,898$18,755$17,678$16,664$15,709$14,381
7 years$16,884$15,751$14,691$13,700$12,776$11,504
8 years$14,624$13,501$12,459$11,493$10,599$9,382
9 years$12,868$11,755$10,731$9,789$8,926$7,764
10 years$11,463$10,362$9,355$8,439$7,605$6,498
11 years$10,315$9,224$8,236$7,344$6,541$5,487
12 years$9,359$8,279$7,310$6,442$5,668$4,666
13 years$8,550$7,482$6,531$5,687$4,943$3,992
14 years$7,858$6,801$5,868$5,048$4,333$3,431
15 years$7,258$6,213$5,298$4,502$3,815$2,961
16 years$6,734$5,700$4,803$4,031$3,372$2,565
17 years$6,272$5,250$4,371$3,622$2,989$2,227
18 years$5,862$4,851$3,990$3,264$2,658$1,939
19 years$5,495$4,496$3,653$2,950$2,369$1,692
20 years$5,166$4,178$3,352$2,671$2,116$1,479
21 years$4,868$3,891$3,083$2,424$1,894$1,294
22 years$4,598$3,632$2,842$2,204$1,698$1,135
23 years$4,352$3,397$2,624$2,008$1,524$996
24 years$4,126$3,183$2,427$1,831$1,370$875
25 years$3,919$2,987$2,248$1,672$1,232$769
26 years$3,728$2,807$2,084$1,529$1,110$677
27 years$3,551$2,642$1,936$1,399$1,001$596
28 years$3,388$2,490$1,799$1,282$903$525
29 years$3,236$2,349$1,675$1,176$815$463
30 years$3,094$2,218$1,560$1,079$737$408
31 years$2,962$2,097$1,454$991$666$360
32 years$2,838$1,984$1,357$911$603$318
33 years$2,722$1,879$1,267$838$545$281
34 years$2,613$1,781$1,184$771$494$248
35 years$2,511$1,689$1,107$709$447$219
36 years$2,414$1,603$1,035$653$405$193
37 years$2,323$1,523$969$602$367$171
38 years$2,237$1,447$907$555$333$151
39 years$2,155$1,376$850$512$302$134
40 years$2,078$1,309$797$472$274$118
41 years$2,005$1,246$747$435$248$104
42 years$1,935$1,187$701$402$225$92
43 years$1,869$1,131$658$371$205$82
44 years$1,806$1,078$617$342$186$72
45 years$1,746$1,028$580$316$169$64
46 years$1,689$981$544$292$153$56
47 years$1,634$936$511$270$139$50
48 years$1,582$893$481$249$126$44
49 years$1,532$853$452$231$115$39
50 years$1,484$815$425$213$104$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,520,000, adding $5,341 every year, while hoping to spend $42,381 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: 51/21/28 Blend
64$1,520,000$1,520,000$1,520,000$1,520,000
65$1,680,549$1,599,989$1,576,429$1,752,756
66$1,806,872$1,633,296$1,584,147$1,836,950
67$1,944,660$1,666,814$1,590,702$1,923,772
68$2,095,036$1,700,509$1,596,012$2,017,351
69$2,259,240$1,734,344$1,599,988$2,118,349
70$2,438,634$1,768,278$1,602,539$2,227,497
71$2,634,717$1,802,266$1,603,567$2,345,600
72$2,849,143$1,836,262$1,602,971$2,473,547
73$3,083,729$1,870,212$1,600,644$2,612,317
74$3,340,478$1,904,061$1,596,474$2,762,991
75$3,621,594$1,937,748$1,590,344$2,926,762
76$3,929,507$1,971,208$1,582,131$3,104,944
77$4,266,891$2,004,371$1,571,706$3,298,988
78$4,636,689$2,037,160$1,558,933$3,510,492
79$5,042,146$2,069,496$1,543,672$3,741,222
80$5,486,834$2,101,290$1,525,774$3,993,122
81$5,974,687$2,132,449$1,505,083$4,268,339
82$6,510,039$2,162,874$1,481,438$4,569,240
83$7,097,664$2,192,456$1,454,667$4,898,434
84$7,742,820$2,221,080$1,424,593$5,258,800
85$8,451,300$2,248,626$1,391,029$5,653,513
86$9,229,485$2,274,960$1,353,781$6,086,074
87$10,084,403$2,299,944$1,312,643$6,560,344
88$11,023,798$2,323,427$1,267,402$7,080,579
89$12,056,201$2,345,251$1,217,836$7,651,476
90$13,191,011$2,365,245$1,163,711$8,278,211
91$14,438,581$2,383,229$1,104,782$8,966,494
92$15,810,318$2,399,010$1,040,795$9,722,619
93$17,318,792$2,412,382$971,483$10,553,528
94$18,977,849$2,423,129$896,567$11,466,874
95$20,802,744$2,431,017$815,757$12,471,097
96$22,810,287$2,435,800$728,748$13,575,502
97$25,018,998$2,437,215$635,222$14,790,347
98$27,449,282$2,434,985$534,849$16,126,944
99$30,123,623$2,428,814$427,280$17,597,764
100$33,066,794$2,418,387$312,156$19,216,557