Can I retire at age 65 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$129,649$128,494$127,368$126,268$125,194$121,576
2 years$64,183$62,987$61,829$60,706$59,616$56,000
3 years$42,363$41,163$40,007$38,895$37,823$34,322
4 years$31,456$30,259$29,115$28,021$26,976$23,616
5 years$24,913$23,724$22,595$21,523$20,506$17,298
6 years$20,553$19,372$18,260$17,212$16,226$13,172
7 years$17,439$16,269$15,174$14,151$13,196$10,296
8 years$15,105$13,945$12,869$11,871$10,947$8,199
9 years$13,291$12,142$11,084$10,111$9,219$6,621
10 years$11,840$10,702$9,663$8,716$7,855$5,403
11 years$10,654$9,528$8,507$7,586$6,756$4,445
12 years$9,667$8,552$7,550$6,654$5,854$3,681
13 years$8,831$7,728$6,745$5,874$5,105$3,064
14 years$8,116$7,025$6,061$5,214$4,475$2,562
15 years$7,497$6,417$5,472$4,650$3,940$2,149
16 years$6,956$5,888$4,961$4,164$3,482$1,808
17 years$6,479$5,422$4,515$3,741$3,088$1,524
18 years$6,055$5,010$4,121$3,372$2,746$1,288
19 years$5,676$4,644$3,773$3,047$2,447$1,090
20 years$5,336$4,315$3,462$2,759$2,186$924
21 years$5,028$4,019$3,185$2,504$1,956$784
22 years$4,749$3,752$2,935$2,277$1,753$666
23 years$4,495$3,509$2,710$2,074$1,574$566
24 years$4,262$3,288$2,506$1,891$1,415$481
25 years$4,048$3,085$2,321$1,727$1,273$410
26 years$3,850$2,900$2,153$1,579$1,147$349
27 years$3,668$2,729$1,999$1,446$1,034$297
28 years$3,499$2,572$1,859$1,324$933$253
29 years$3,342$2,426$1,730$1,215$842$216
30 years$3,196$2,291$1,611$1,115$761$184
31 years$3,059$2,166$1,502$1,024$688$157
32 years$2,931$2,049$1,401$941$622$134
33 years$2,812$1,941$1,308$865$563$114
34 years$2,699$1,839$1,223$796$510$97
35 years$2,593$1,745$1,143$733$462$83
36 years$2,494$1,656$1,069$675$419$71
37 years$2,399$1,573$1,001$622$379$61
38 years$2,310$1,495$937$573$344$52
39 years$2,226$1,421$878$528$312$44
40 years$2,146$1,352$823$487$283$38
41 years$2,071$1,287$772$450$257$32
42 years$1,999$1,226$724$415$233$27
43 years$1,930$1,168$679$383$211$23
44 years$1,865$1,113$638$354$192$20
45 years$1,803$1,062$599$327$174$17
46 years$1,744$1,013$562$302$158$15
47 years$1,688$967$528$279$144$12
48 years$1,634$923$496$258$130$11
49 years$1,582$881$467$238$118$9
50 years$1,533$842$439$220$108$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,570,000, adding $6,326 every year, while hoping to spend $37,119 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: 47/42/11 Blend
64$1,570,000$1,570,000$1,570,000$1,570,000
65$1,736,665$1,653,455$1,629,120$1,812,703
66$1,874,311$1,694,980$1,644,201$1,907,328
67$2,024,752$1,737,296$1,658,544$2,005,611
68$2,189,255$1,780,402$1,672,083$2,111,437
69$2,369,214$1,824,296$1,684,753$2,225,520
70$2,566,163$1,868,976$1,696,481$2,348,645
71$2,781,792$1,914,437$1,707,194$2,481,676
72$3,017,963$1,960,672$1,716,813$2,625,568
73$3,276,725$2,007,675$1,725,256$2,781,367
74$3,560,335$2,055,435$1,732,436$2,950,230
75$3,871,279$2,103,940$1,738,262$3,133,428
76$4,212,294$2,153,178$1,742,639$3,332,364
77$4,586,397$2,203,133$1,745,466$3,548,579
78$4,996,908$2,253,785$1,746,638$3,783,775
79$5,447,486$2,305,114$1,746,044$4,039,825
80$5,942,161$2,357,096$1,743,568$4,318,792
81$6,485,373$2,409,705$1,739,089$4,622,951
82$7,082,011$2,462,911$1,732,478$4,954,807
83$7,737,463$2,516,680$1,723,603$5,317,120
84$8,457,663$2,570,976$1,712,323$5,712,932
85$9,249,150$2,625,759$1,698,491$6,145,595
86$10,119,125$2,680,984$1,681,952$6,618,803
87$11,075,525$2,736,601$1,662,547$7,136,625
88$12,127,091$2,792,557$1,640,105$7,703,548
89$13,283,456$2,848,794$1,614,450$8,324,513
90$14,555,231$2,905,247$1,585,396$9,004,969
91$15,954,109$2,961,848$1,552,751$9,750,919
92$17,492,970$3,018,521$1,516,311$10,568,978
93$19,186,009$3,075,185$1,475,863$11,466,438
94$21,048,864$3,131,751$1,431,186$12,451,336
95$23,098,765$3,188,124$1,382,048$13,532,526
96$25,354,698$3,244,201$1,328,206$14,719,770
97$27,837,582$3,299,871$1,269,405$16,023,825
98$30,570,467$3,355,016$1,205,381$17,456,547
99$33,578,749$3,409,506$1,135,856$19,031,003
100$36,890,413$3,463,204$1,060,540$20,761,592