Can I retire at age 65 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$126,346$125,221$124,123$123,051$122,004$119,249
2 years$62,548$61,383$60,254$59,159$58,097$55,336
3 years$41,284$40,114$38,988$37,904$36,859$34,178
4 years$30,655$29,488$28,373$27,308$26,288$23,708
5 years$24,278$23,119$22,019$20,975$19,984$17,512
6 years$20,029$18,878$17,795$16,774$15,813$13,452
7 years$16,995$15,854$14,787$13,791$12,860$10,610
8 years$14,721$13,590$12,541$11,569$10,669$8,529
9 years$12,952$11,832$10,801$9,854$8,984$6,954
10 years$11,539$10,430$9,417$8,494$7,655$5,731
11 years$10,383$9,285$8,291$7,392$6,584$4,764
12 years$9,420$8,334$7,358$6,484$5,705$3,987
13 years$8,606$7,531$6,574$5,725$4,975$3,355
14 years$7,910$6,846$5,906$5,082$4,361$2,835
15 years$7,306$6,254$5,333$4,532$3,840$2,405
16 years$6,778$5,738$4,835$4,058$3,394$2,047
17 years$6,313$5,284$4,399$3,646$3,009$1,746
18 years$5,901$4,883$4,016$3,286$2,676$1,493
19 years$5,532$4,525$3,677$2,969$2,385$1,279
20 years$5,200$4,205$3,374$2,689$2,130$1,097
21 years$4,900$3,917$3,104$2,440$1,906$942
22 years$4,628$3,656$2,860$2,219$1,709$810
23 years$4,380$3,420$2,641$2,021$1,534$697
24 years$4,153$3,204$2,443$1,843$1,379$601
25 years$3,945$3,007$2,262$1,683$1,241$518
26 years$3,752$2,826$2,098$1,539$1,117$447
27 years$3,575$2,660$1,948$1,409$1,007$386
28 years$3,410$2,506$1,811$1,291$909$333
29 years$3,257$2,364$1,686$1,184$821$287
30 years$3,114$2,233$1,570$1,086$742$248
31 years$2,981$2,111$1,464$998$671$215
32 years$2,857$1,997$1,366$917$607$186
33 years$2,740$1,891$1,275$843$549$160
34 years$2,630$1,793$1,191$776$497$139
35 years$2,527$1,700$1,114$714$450$120
36 years$2,430$1,614$1,042$658$408$104
37 years$2,338$1,533$975$606$370$90
38 years$2,252$1,457$913$559$335$78
39 years$2,170$1,385$856$515$304$67
40 years$2,092$1,318$802$475$276$58
41 years$2,018$1,254$752$438$250$50
42 years$1,948$1,195$705$404$227$44
43 years$1,881$1,138$662$373$206$38
44 years$1,818$1,085$621$345$187$33
45 years$1,757$1,035$583$318$170$28
46 years$1,700$987$548$294$154$24
47 years$1,645$942$515$272$140$21
48 years$1,592$899$484$251$127$18
49 years$1,542$859$455$232$115$16
50 years$1,494$820$428$214$105$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,530,000, adding $5,550 every year, while hoping to spend $24,034 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: 39/38/23 Blend
64$1,530,000$1,530,000$1,530,000$1,530,000
65$1,691,785$1,610,695$1,586,980$1,746,005
66$1,838,775$1,664,047$1,614,572$1,839,073
67$1,999,952$1,719,208$1,642,282$1,936,973
68$2,176,739$1,776,240$1,670,090$2,042,351
69$2,370,701$1,835,211$1,697,973$2,155,904
70$2,583,563$1,896,187$1,725,905$2,278,392
71$2,817,225$1,959,238$1,753,862$2,410,654
72$3,073,780$2,024,439$1,781,814$2,553,613
73$3,355,533$2,091,864$1,809,733$2,708,283
74$3,665,024$2,161,592$1,837,586$2,875,778
75$4,005,051$2,233,705$1,865,339$3,057,326
76$4,378,696$2,308,286$1,892,958$3,254,276
77$4,789,354$2,385,423$1,920,403$3,468,113
78$5,240,767$2,465,207$1,947,635$3,700,473
79$5,737,054$2,547,732$1,974,610$3,953,152
80$6,282,758$2,633,094$2,001,283$4,228,132
81$6,882,880$2,721,396$2,027,607$4,527,591
82$7,542,931$2,812,743$2,053,529$4,853,927
83$8,268,985$2,907,242$2,078,997$5,209,781
84$9,067,731$3,005,007$2,103,953$5,598,060
85$9,946,542$3,106,154$2,128,338$6,021,964
86$10,913,540$3,210,806$2,152,088$6,485,018
87$11,977,673$3,319,088$2,175,135$6,991,102
88$13,148,803$3,431,130$2,197,409$7,544,489
89$14,437,794$3,547,069$2,218,836$8,149,886
90$15,856,619$3,667,045$2,239,337$8,812,475
91$17,418,469$3,791,205$2,258,829$9,537,965
92$19,137,877$3,919,699$2,277,225$10,332,641
93$21,030,862$4,052,685$2,294,433$11,203,429
94$23,115,070$4,190,327$2,310,356$12,157,954
95$25,409,947$4,332,793$2,324,893$13,204,619
96$27,936,922$4,480,260$2,337,937$14,352,677
97$30,719,606$4,632,910$2,349,376$15,612,323
98$33,784,017$4,790,934$2,359,091$16,994,785
99$37,158,824$4,954,528$2,366,958$18,512,435
100$40,875,620$5,123,896$2,372,848$20,178,902