Can I retire at age 65 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$128,823$127,676$126,556$125,464$124,397$123,457
2 years$63,774$62,586$61,435$60,319$59,236$58,290
3 years$42,094$40,901$39,753$38,647$37,582$36,657
4 years$31,256$30,066$28,930$27,843$26,804$25,907
5 years$24,754$23,572$22,451$21,386$20,376$19,511
6 years$20,422$19,249$18,143$17,103$16,123$15,290
7 years$17,328$16,165$15,077$14,061$13,112$12,312
8 years$15,009$13,856$12,787$11,795$10,878$10,111
9 years$13,206$12,064$11,013$10,047$9,161$8,427
10 years$11,765$10,634$9,602$8,661$7,805$7,103
11 years$10,586$9,467$8,453$7,537$6,713$6,043
12 years$9,605$8,497$7,502$6,611$5,817$5,178
13 years$8,775$7,679$6,702$5,837$5,073$4,464
14 years$8,065$6,980$6,022$5,181$4,447$3,868
15 years$7,449$6,376$5,437$4,621$3,915$3,365
16 years$6,911$5,850$4,930$4,137$3,460$2,939
17 years$6,437$5,388$4,486$3,717$3,068$2,574
18 years$6,016$4,979$4,095$3,350$2,728$2,260
19 years$5,640$4,614$3,749$3,027$2,432$1,989
20 years$5,302$4,288$3,440$2,742$2,172$1,754
21 years$4,996$3,994$3,164$2,488$1,944$1,549
22 years$4,719$3,728$2,917$2,262$1,742$1,370
23 years$4,466$3,487$2,693$2,060$1,564$1,213
24 years$4,235$3,267$2,491$1,879$1,406$1,076
25 years$4,022$3,066$2,307$1,716$1,265$955
26 years$3,826$2,881$2,139$1,569$1,139$848
27 years$3,645$2,712$1,987$1,436$1,027$754
28 years$3,477$2,555$1,847$1,316$927$671
29 years$3,321$2,411$1,719$1,207$837$597
30 years$3,175$2,276$1,601$1,108$756$532
31 years$3,040$2,152$1,492$1,017$684$474
32 years$2,913$2,036$1,392$935$618$422
33 years$2,794$1,928$1,300$860$560$377
34 years$2,682$1,828$1,215$791$507$336
35 years$2,577$1,733$1,136$728$459$300
36 years$2,478$1,645$1,062$671$416$268
37 years$2,384$1,563$994$618$377$239
38 years$2,296$1,485$931$569$342$213
39 years$2,212$1,412$872$525$310$190
40 years$2,133$1,344$818$484$281$170
41 years$2,058$1,279$767$447$255$152
42 years$1,986$1,218$719$412$231$136
43 years$1,918$1,161$675$381$210$121
44 years$1,854$1,106$634$351$191$108
45 years$1,792$1,055$595$325$173$97
46 years$1,733$1,006$559$300$157$87
47 years$1,677$960$525$277$143$77
48 years$1,623$917$493$256$130$69
49 years$1,572$875$464$237$118$62
50 years$1,523$836$436$219$107$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,560,000, adding $3,579 every year, while hoping to spend $42,710 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: 60/16/24 Blend
64$1,560,000$1,560,000$1,560,000$1,560,000
65$1,722,812$1,640,132$1,615,952$1,814,939
66$1,853,095$1,675,055$1,624,643$1,912,887
67$1,995,237$1,710,258$1,632,194$2,014,763
68$2,150,400$1,745,710$1,638,521$2,124,990
69$2,319,866$1,781,375$1,643,538$2,244,389
70$2,505,047$1,817,218$1,647,151$2,373,864
71$2,707,496$1,853,195$1,649,265$2,514,411
72$2,928,924$1,889,265$1,649,778$2,667,129
73$3,171,212$1,925,377$1,648,584$2,833,228
74$3,436,436$1,961,481$1,645,571$3,014,043
75$3,726,878$1,997,518$1,640,623$3,211,046
76$4,045,052$2,033,430$1,633,617$3,425,858
77$4,393,729$2,069,149$1,624,424$3,660,269
78$4,775,957$2,104,605$1,612,910$3,916,248
79$5,195,095$2,139,721$1,598,934$4,195,969
80$5,654,843$2,174,416$1,582,346$4,501,829
81$6,159,276$2,208,601$1,562,994$4,836,467
82$6,712,881$2,242,182$1,540,713$5,202,797
83$7,320,603$2,275,057$1,515,335$5,604,027
84$7,987,888$2,307,118$1,486,682$6,043,696
85$8,720,734$2,338,248$1,454,567$6,525,706
86$9,525,749$2,368,323$1,418,796$7,054,356
87$10,410,215$2,397,209$1,379,164$7,634,388
88$11,382,150$2,424,766$1,335,460$8,271,028
89$12,450,391$2,450,841$1,287,459$8,970,037
90$13,624,671$2,475,272$1,234,929$9,737,767
91$14,915,714$2,497,888$1,177,626$10,581,220
92$16,335,336$2,518,503$1,115,295$11,508,113
93$17,896,553$2,536,922$1,047,670$12,526,954
94$19,613,706$2,552,937$974,473$13,647,123
95$21,502,599$2,566,325$895,412$14,878,958
96$23,580,639$2,576,850$810,183$16,233,857
97$25,867,010$2,584,262$718,470$17,724,380
98$28,382,847$2,588,293$619,941$19,364,378
99$31,151,438$2,588,659$514,249$21,169,113
100$34,198,441$2,585,060$401,033$23,155,413