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%12.3%
1 years$129,649$128,494$127,368$126,268$125,194$123,990
2 years$64,183$62,987$61,829$60,706$59,616$58,403
3 years$42,363$41,163$40,007$38,895$37,823$36,639
4 years$31,456$30,259$29,115$28,021$26,976$25,829
5 years$24,913$23,724$22,595$21,523$20,506$19,401
6 years$20,553$19,372$18,260$17,212$16,226$15,163
7 years$17,439$16,269$15,174$14,151$13,196$12,177
8 years$15,105$13,945$12,869$11,871$10,947$9,971
9 years$13,291$12,142$11,084$10,111$9,219$8,286
10 years$11,840$10,702$9,663$8,716$7,855$6,964
11 years$10,654$9,528$8,507$7,586$6,756$5,906
12 years$9,667$8,552$7,550$6,654$5,854$5,045
13 years$8,831$7,728$6,745$5,874$5,105$4,335
14 years$8,116$7,025$6,061$5,214$4,475$3,744
15 years$7,497$6,417$5,472$4,650$3,940$3,246
16 years$6,956$5,888$4,961$4,164$3,482$2,825
17 years$6,479$5,422$4,515$3,741$3,088$2,466
18 years$6,055$5,010$4,121$3,372$2,746$2,157
19 years$5,676$4,644$3,773$3,047$2,447$1,892
20 years$5,336$4,315$3,462$2,759$2,186$1,662
21 years$5,028$4,019$3,185$2,504$1,956$1,462
22 years$4,749$3,752$2,935$2,277$1,753$1,289
23 years$4,495$3,509$2,710$2,074$1,574$1,137
24 years$4,262$3,288$2,506$1,891$1,415$1,004
25 years$4,048$3,085$2,321$1,727$1,273$888
26 years$3,850$2,900$2,153$1,579$1,147$786
27 years$3,668$2,729$1,999$1,446$1,034$696
28 years$3,499$2,572$1,859$1,324$933$616
29 years$3,342$2,426$1,730$1,215$842$546
30 years$3,196$2,291$1,611$1,115$761$485
31 years$3,059$2,166$1,502$1,024$688$430
32 years$2,931$2,049$1,401$941$622$382
33 years$2,812$1,941$1,308$865$563$339
34 years$2,699$1,839$1,223$796$510$301
35 years$2,593$1,745$1,143$733$462$268
36 years$2,494$1,656$1,069$675$419$238
37 years$2,399$1,573$1,001$622$379$211
38 years$2,310$1,495$937$573$344$188
39 years$2,226$1,421$878$528$312$167
40 years$2,146$1,352$823$487$283$149
41 years$2,071$1,287$772$450$257$132
42 years$1,999$1,226$724$415$233$118
43 years$1,930$1,168$679$383$211$105
44 years$1,865$1,113$638$354$192$93
45 years$1,803$1,062$599$327$174$83
46 years$1,744$1,013$562$302$158$74
47 years$1,688$967$528$279$144$66
48 years$1,634$923$496$258$130$58
49 years$1,582$881$467$238$118$52
50 years$1,533$842$439$220$108$46

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 $3,903 every year, while hoping to spend $45,829 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: 35/39/26 Blend
64$1,570,000$1,570,000$1,570,000$1,570,000
65$1,734,166$1,650,956$1,626,621$1,781,124
66$1,862,289$1,683,091$1,632,351$1,848,581
67$2,001,945$1,715,265$1,636,737$1,916,885
68$2,154,261$1,747,431$1,639,686$1,989,685
69$2,320,480$1,779,539$1,641,099$2,067,415
70$2,501,966$1,811,534$1,640,874$2,150,551
71$2,700,226$1,843,358$1,638,902$2,239,620
72$2,916,914$1,874,948$1,635,070$2,335,204
73$3,153,855$1,906,236$1,629,260$2,437,949
74$3,413,055$1,937,148$1,621,348$2,548,564
75$3,696,725$1,967,606$1,611,201$2,667,835
76$4,007,298$1,997,527$1,598,684$2,796,629
77$4,347,456$2,026,819$1,583,653$2,935,906
78$4,720,149$2,055,386$1,565,958$3,086,723
79$5,128,629$2,083,124$1,545,442$3,250,250
80$5,576,474$2,109,922$1,521,940$3,427,778
81$6,067,629$2,135,663$1,495,279$3,620,734
82$6,606,436$2,160,219$1,465,279$3,830,692
83$7,197,678$2,183,455$1,431,752$4,059,391
84$7,846,624$2,205,228$1,394,499$4,308,752
85$8,559,079$2,225,383$1,353,313$4,580,895
86$9,341,435$2,243,757$1,307,979$4,878,161
87$10,200,735$2,260,175$1,258,271$5,203,134
88$11,144,738$2,274,451$1,203,950$5,558,667
89$12,181,990$2,286,388$1,144,772$5,947,910
90$13,321,907$2,295,775$1,080,476$6,374,339
91$14,574,863$2,302,389$1,010,793$6,841,791
92$15,952,285$2,305,992$935,440$7,354,500
93$17,466,763$2,306,332$854,123$7,917,141
94$19,132,170$2,303,139$766,533$8,534,872
95$20,963,788$2,296,129$672,349$9,213,383
96$22,978,456$2,285,000$571,233$9,958,957
97$25,194,724$2,269,432$462,836$10,778,522
98$27,633,035$2,249,083$346,790$11,679,726
99$30,315,910$2,223,593$222,713$12,671,005
100$33,268,163$2,192,580$90,204$13,761,667