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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$125,520$124,402$123,311$122,247$121,207$118,857
2 years$62,139$60,981$59,860$58,772$57,718$55,360
3 years$41,014$39,852$38,733$37,656$36,618$34,326
4 years$30,454$29,295$28,188$27,129$26,117$23,907
5 years$24,120$22,968$21,875$20,838$19,853$17,733
6 years$19,898$18,755$17,678$16,664$15,709$13,681
7 years$16,884$15,751$14,691$13,700$12,776$10,840
8 years$14,624$13,501$12,459$11,493$10,599$8,755
9 years$12,868$11,755$10,731$9,789$8,926$7,172
10 years$11,463$10,362$9,355$8,439$7,605$5,940
11 years$10,315$9,224$8,236$7,344$6,541$4,963
12 years$9,359$8,279$7,310$6,442$5,668$4,175
13 years$8,550$7,482$6,531$5,687$4,943$3,532
14 years$7,858$6,801$5,868$5,048$4,333$3,001
15 years$7,258$6,213$5,298$4,502$3,815$2,560
16 years$6,734$5,700$4,803$4,031$3,372$2,191
17 years$6,272$5,250$4,371$3,622$2,989$1,880
18 years$5,862$4,851$3,990$3,264$2,658$1,617
19 years$5,495$4,496$3,653$2,950$2,369$1,393
20 years$5,166$4,178$3,352$2,671$2,116$1,202
21 years$4,868$3,891$3,083$2,424$1,894$1,039
22 years$4,598$3,632$2,842$2,204$1,698$899
23 years$4,352$3,397$2,624$2,008$1,524$779
24 years$4,126$3,183$2,427$1,831$1,370$675
25 years$3,919$2,987$2,248$1,672$1,232$586
26 years$3,728$2,807$2,084$1,529$1,110$508
27 years$3,551$2,642$1,936$1,399$1,001$442
28 years$3,388$2,490$1,799$1,282$903$384
29 years$3,236$2,349$1,675$1,176$815$334
30 years$3,094$2,218$1,560$1,079$737$290
31 years$2,962$2,097$1,454$991$666$252
32 years$2,838$1,984$1,357$911$603$220
33 years$2,722$1,879$1,267$838$545$191
34 years$2,613$1,781$1,184$771$494$166
35 years$2,511$1,689$1,107$709$447$145
36 years$2,414$1,603$1,035$653$405$126
37 years$2,323$1,523$969$602$367$110
38 years$2,237$1,447$907$555$333$96
39 years$2,155$1,376$850$512$302$83
40 years$2,078$1,309$797$472$274$73
41 years$2,005$1,246$747$435$248$63
42 years$1,935$1,187$701$402$225$55
43 years$1,869$1,131$658$371$205$48
44 years$1,806$1,078$617$342$186$42
45 years$1,746$1,028$580$316$169$37
46 years$1,689$981$544$292$153$32
47 years$1,634$936$511$270$139$28
48 years$1,582$893$481$249$126$24
49 years$1,532$853$452$231$115$21
50 years$1,484$815$425$213$104$18

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 $5,450 every year, while hoping to spend $57,578 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: 59/26/15 Blend
64$1,520,000$1,520,000$1,520,000$1,520,000
65$1,680,662$1,600,102$1,576,542$1,773,110
66$1,790,827$1,617,244$1,568,093$1,853,316
67$1,910,299$1,633,297$1,557,432$1,933,870
68$2,039,966$1,648,145$1,544,423$2,020,365
69$2,180,807$1,661,668$1,528,925$2,113,383
70$2,333,895$1,673,736$1,510,790$2,213,563
71$2,500,413$1,684,210$1,489,863$2,321,612
72$2,681,663$1,692,945$1,465,981$2,438,313
73$2,879,076$1,699,782$1,438,975$2,564,526
74$3,094,228$1,704,557$1,408,666$2,701,204
75$3,328,852$1,707,093$1,374,869$2,849,397
76$3,584,856$1,707,202$1,337,388$3,010,264
77$3,864,341$1,704,685$1,296,021$3,185,085
78$4,169,619$1,699,330$1,250,553$3,375,273
79$4,503,236$1,690,913$1,200,762$3,582,388
80$4,867,994$1,679,195$1,146,415$3,808,150
81$5,266,978$1,663,924$1,087,269$4,054,460
82$5,703,585$1,644,832$1,023,068$4,323,413
83$6,181,557$1,621,635$953,547$4,617,323
84$6,705,012$1,594,032$878,427$4,938,744
85$7,278,488$1,561,703$797,419$5,290,494
86$7,906,979$1,524,312$710,218$5,675,681
87$8,595,988$1,481,500$616,507$6,097,736
88$9,351,574$1,432,889$515,956$6,560,446
89$10,180,412$1,378,079$408,218$7,067,986
90$11,089,854$1,316,644$292,933$7,624,966
91$12,087,996$1,248,137$169,723$8,236,470
92$13,183,759$1,172,083$38,196$8,908,107
93$14,386,967$1,087,980$0$9,646,064
94$15,708,444$995,297$0$10,473,520
95$17,160,113$893,474$0$11,389,241
96$18,755,109$781,919$0$12,395,484
97$20,507,901$660,004$0$13,501,486
98$22,434,431$527,068$0$14,717,431
99$24,552,260$382,411$0$16,054,547
100$26,880,738$225,297$0$17,525,211