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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$129,649$128,494$127,368$126,268$125,194$123,425
2 years$64,183$62,987$61,829$60,706$59,616$57,837
3 years$42,363$41,163$40,007$38,895$37,823$36,090
4 years$31,456$30,259$29,115$28,021$26,976$25,301
5 years$24,913$23,724$22,595$21,523$20,506$18,896
6 years$20,553$19,372$18,260$17,212$16,226$14,681
7 years$17,439$16,269$15,174$14,151$13,196$11,717
8 years$15,105$13,945$12,869$11,871$10,947$9,534
9 years$13,291$12,142$11,084$10,111$9,219$7,872
10 years$11,840$10,702$9,663$8,716$7,855$6,572
11 years$10,654$9,528$8,507$7,586$6,756$5,535
12 years$9,667$8,552$7,550$6,654$5,854$4,696
13 years$8,831$7,728$6,745$5,874$5,105$4,006
14 years$8,116$7,025$6,061$5,214$4,475$3,435
15 years$7,497$6,417$5,472$4,650$3,940$2,956
16 years$6,956$5,888$4,961$4,164$3,482$2,553
17 years$6,479$5,422$4,515$3,741$3,088$2,211
18 years$6,055$5,010$4,121$3,372$2,746$1,919
19 years$5,676$4,644$3,773$3,047$2,447$1,670
20 years$5,336$4,315$3,462$2,759$2,186$1,455
21 years$5,028$4,019$3,185$2,504$1,956$1,270
22 years$4,749$3,752$2,935$2,277$1,753$1,110
23 years$4,495$3,509$2,710$2,074$1,574$971
24 years$4,262$3,288$2,506$1,891$1,415$850
25 years$4,048$3,085$2,321$1,727$1,273$745
26 years$3,850$2,900$2,153$1,579$1,147$654
27 years$3,668$2,729$1,999$1,446$1,034$574
28 years$3,499$2,572$1,859$1,324$933$504
29 years$3,342$2,426$1,730$1,215$842$443
30 years$3,196$2,291$1,611$1,115$761$389
31 years$3,059$2,166$1,502$1,024$688$342
32 years$2,931$2,049$1,401$941$622$301
33 years$2,812$1,941$1,308$865$563$265
34 years$2,699$1,839$1,223$796$510$233
35 years$2,593$1,745$1,143$733$462$205
36 years$2,494$1,656$1,069$675$419$181
37 years$2,399$1,573$1,001$622$379$159
38 years$2,310$1,495$937$573$344$140
39 years$2,226$1,421$878$528$312$124
40 years$2,146$1,352$823$487$283$109
41 years$2,071$1,287$772$450$257$96
42 years$1,999$1,226$724$415$233$85
43 years$1,930$1,168$679$383$211$74
44 years$1,865$1,113$638$354$192$66
45 years$1,803$1,062$599$327$174$58
46 years$1,744$1,013$562$302$158$51
47 years$1,688$967$528$279$144$45
48 years$1,634$923$496$258$130$40
49 years$1,582$881$467$238$118$35
50 years$1,533$842$439$220$108$31

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 $4,827 every year, while hoping to spend $49,612 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: 31/47/22 Blend
64$1,570,000$1,570,000$1,570,000$1,570,000
65$1,735,119$1,651,909$1,627,574$1,776,945
66$1,859,314$1,680,066$1,629,311$1,837,232
67$1,994,515$1,707,939$1,629,443$1,897,295
68$2,141,791$1,735,464$1,627,865$1,960,925
69$2,302,319$1,762,568$1,624,465$2,028,465
70$2,477,397$1,789,175$1,619,125$2,100,292
71$2,668,450$1,815,203$1,611,725$2,176,826
72$2,877,049$1,840,565$1,602,135$2,258,532
73$3,104,923$1,865,167$1,590,220$2,345,923
74$3,353,973$1,888,908$1,575,841$2,439,567
75$3,626,296$1,911,682$1,558,849$2,540,095
76$3,924,197$1,933,373$1,539,089$2,648,202
77$4,250,216$1,953,860$1,516,400$2,764,660
78$4,607,151$1,973,012$1,490,613$2,890,320
79$4,998,081$1,990,690$1,461,549$3,026,126
80$5,426,397$2,006,746$1,429,022$3,173,122
81$5,895,835$2,021,021$1,392,839$3,332,462
82$6,410,507$2,033,349$1,352,797$3,505,422
83$6,974,945$2,043,549$1,308,682$3,693,413
84$7,594,138$2,051,432$1,260,271$3,897,996
85$8,273,584$2,056,795$1,207,334$4,120,896
86$9,019,335$2,059,423$1,149,625$4,364,020
87$9,838,060$2,059,089$1,086,891$4,629,477
88$10,737,107$2,055,549$1,018,866$4,919,594
89$11,724,567$2,048,545$945,273$5,236,949
90$12,809,354$2,037,806$865,821$5,584,384
91$14,001,289$2,023,039$780,207$5,965,044
92$15,311,191$2,003,939$688,115$6,382,400
93$16,750,979$1,980,178$589,213$6,840,290
94$18,333,784$1,951,412$483,157$7,342,949
95$20,074,073$1,917,273$369,585$7,895,058
96$21,987,783$1,877,375$248,121$8,501,785
97$24,092,476$1,831,305$118,372$9,168,837
98$26,407,498$1,778,629$0$9,902,515
99$28,954,167$1,718,886$0$10,714,495
100$31,755,969$1,651,588$0$11,637,702