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%16.7%
1 years$126,346$125,221$124,123$123,051$122,004$118,670
2 years$62,548$61,383$60,254$59,159$58,097$54,762
3 years$41,284$40,114$38,988$37,904$36,859$33,628
4 years$30,655$29,488$28,373$27,308$26,288$23,186
5 years$24,278$23,119$22,019$20,975$19,984$17,019
6 years$20,029$18,878$17,795$16,774$15,813$12,987
7 years$16,995$15,854$14,787$13,791$12,860$10,175
8 years$14,721$13,590$12,541$11,569$10,669$8,122
9 years$12,952$11,832$10,801$9,854$8,984$6,574
10 years$11,539$10,430$9,417$8,494$7,655$5,378
11 years$10,383$9,285$8,291$7,392$6,584$4,436
12 years$9,420$8,334$7,358$6,484$5,705$3,683
13 years$8,606$7,531$6,574$5,725$4,975$3,074
14 years$7,910$6,846$5,906$5,082$4,361$2,577
15 years$7,306$6,254$5,333$4,532$3,840$2,168
16 years$6,778$5,738$4,835$4,058$3,394$1,829
17 years$6,313$5,284$4,399$3,646$3,009$1,547
18 years$5,901$4,883$4,016$3,286$2,676$1,311
19 years$5,532$4,525$3,677$2,969$2,385$1,113
20 years$5,200$4,205$3,374$2,689$2,130$946
21 years$4,900$3,917$3,104$2,440$1,906$805
22 years$4,628$3,656$2,860$2,219$1,709$686
23 years$4,380$3,420$2,641$2,021$1,534$585
24 years$4,153$3,204$2,443$1,843$1,379$499
25 years$3,945$3,007$2,262$1,683$1,241$426
26 years$3,752$2,826$2,098$1,539$1,117$364
27 years$3,575$2,660$1,948$1,409$1,007$311
28 years$3,410$2,506$1,811$1,291$909$266
29 years$3,257$2,364$1,686$1,184$821$227
30 years$3,114$2,233$1,570$1,086$742$195
31 years$2,981$2,111$1,464$998$671$167
32 years$2,857$1,997$1,366$917$607$143
33 years$2,740$1,891$1,275$843$549$122
34 years$2,630$1,793$1,191$776$497$104
35 years$2,527$1,700$1,114$714$450$89
36 years$2,430$1,614$1,042$658$408$77
37 years$2,338$1,533$975$606$370$66
38 years$2,252$1,457$913$559$335$56
39 years$2,170$1,385$856$515$304$48
40 years$2,092$1,318$802$475$276$41
41 years$2,018$1,254$752$438$250$35
42 years$1,948$1,195$705$404$227$30
43 years$1,881$1,138$662$373$206$26
44 years$1,818$1,085$621$345$187$22
45 years$1,757$1,035$583$318$170$19
46 years$1,700$987$548$294$154$16
47 years$1,645$942$515$272$140$14
48 years$1,592$899$484$251$127$12
49 years$1,542$859$455$232$115$10
50 years$1,494$820$428$214$105$9

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 $5,100 every year, while hoping to spend $20,412 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: 65/22/13 Blend
64$1,530,000$1,530,000$1,530,000$1,530,000
65$1,691,321$1,610,231$1,586,516$1,795,830
66$1,842,117$1,667,414$1,617,946$1,923,462
67$2,007,611$1,726,715$1,649,745$2,060,019
68$2,189,279$1,788,216$1,681,903$2,208,719
69$2,388,750$1,852,002$1,714,411$2,370,747
70$2,607,815$1,918,164$1,747,257$2,547,407
71$2,848,451$1,986,793$1,780,429$2,740,132
72$3,112,833$2,057,985$1,813,913$2,950,503
73$3,403,358$2,131,842$1,847,695$3,180,256
74$3,722,666$2,208,469$1,881,759$3,431,307
75$4,073,667$2,287,973$1,916,087$3,705,760
76$4,459,566$2,370,468$1,950,660$4,005,937
77$4,883,894$2,456,073$1,985,459$4,334,390
78$5,350,540$2,544,910$2,020,461$4,693,932
79$5,863,793$2,637,107$2,055,644$5,087,659
80$6,428,373$2,732,799$2,090,981$5,518,983
81$7,049,484$2,832,123$2,126,446$5,991,657
82$7,732,859$2,935,224$2,162,010$6,509,819
83$8,484,814$3,042,254$2,197,641$7,078,024
84$9,312,310$3,153,370$2,233,307$7,701,289
85$10,223,015$3,268,734$2,268,972$8,385,140
86$11,225,378$3,388,518$2,304,598$9,135,664
87$12,328,711$3,512,900$2,340,146$9,959,565
88$13,543,271$3,642,063$2,375,573$10,864,230
89$14,880,363$3,776,203$2,410,833$11,857,793
90$16,352,443$3,915,519$2,445,878$12,949,217
91$17,973,234$4,060,221$2,480,657$14,148,374
92$19,757,860$4,210,529$2,515,116$15,466,141
93$21,722,986$4,366,669$2,549,196$16,914,498
94$23,886,975$4,528,880$2,582,838$18,506,647
95$26,270,060$4,697,408$2,615,977$20,257,129
96$28,894,537$4,872,513$2,648,544$22,181,965
97$31,784,977$5,054,463$2,680,467$24,298,808
98$34,968,453$5,243,540$2,711,671$26,627,105
99$38,474,797$5,440,036$2,742,074$29,188,282
100$42,336,885$5,644,256$2,771,592$32,005,946