Can I retire at age 65 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$130,475$129,313$128,179$127,072$125,991$122,946
2 years$64,592$63,389$62,223$61,092$59,996$56,946
3 years$42,633$41,425$40,262$39,142$38,064$35,104
4 years$31,656$30,452$29,301$28,200$27,147$24,302
5 years$25,072$23,875$22,738$21,660$20,637$17,913
6 years$20,684$19,495$18,376$17,322$16,329$13,729
7 years$17,550$16,372$15,271$14,241$13,280$10,805
8 years$15,202$14,034$12,951$11,947$11,017$8,666
9 years$13,376$12,219$11,154$10,176$9,278$7,048
10 years$11,916$10,771$9,725$8,772$7,905$5,795
11 years$10,722$9,588$8,561$7,634$6,799$4,804
12 years$9,728$8,606$7,598$6,696$5,892$4,010
13 years$8,888$7,777$6,788$5,912$5,138$3,365
14 years$8,168$7,069$6,099$5,248$4,504$2,837
15 years$7,545$6,458$5,507$4,680$3,965$2,400
16 years$7,000$5,925$4,993$4,190$3,505$2,036
17 years$6,520$5,457$4,543$3,765$3,107$1,732
18 years$6,093$5,042$4,147$3,393$2,763$1,476
19 years$5,712$4,673$3,797$3,066$2,463$1,261
20 years$5,370$4,343$3,484$2,777$2,200$1,078
21 years$5,060$4,045$3,205$2,520$1,969$923
22 years$4,779$3,776$2,954$2,291$1,765$792
23 years$4,523$3,531$2,727$2,087$1,584$679
24 years$4,289$3,309$2,522$1,903$1,424$583
25 years$4,073$3,105$2,336$1,738$1,281$501
26 years$3,875$2,918$2,167$1,589$1,154$431
27 years$3,692$2,746$2,012$1,455$1,040$371
28 years$3,521$2,588$1,870$1,333$939$319
29 years$3,363$2,441$1,741$1,222$848$275
30 years$3,216$2,306$1,621$1,122$766$236
31 years$3,079$2,180$1,512$1,030$692$204
32 years$2,950$2,062$1,410$947$626$176
33 years$2,830$1,953$1,317$871$567$151
34 years$2,716$1,851$1,230$801$513$130
35 years$2,610$1,756$1,150$737$465$112
36 years$2,509$1,666$1,076$679$421$97
37 years$2,415$1,583$1,007$626$382$84
38 years$2,325$1,504$943$577$346$72
39 years$2,240$1,430$884$532$314$62
40 years$2,160$1,361$828$491$285$54
41 years$2,084$1,295$777$453$258$46
42 years$2,012$1,234$728$418$234$40
43 years$1,943$1,175$684$386$213$34
44 years$1,877$1,120$642$356$193$30
45 years$1,815$1,068$603$329$175$26
46 years$1,755$1,019$566$304$159$22
47 years$1,699$973$532$281$144$19
48 years$1,644$929$500$259$131$16
49 years$1,592$887$470$240$119$14
50 years$1,543$847$441$221$108$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,580,000, adding $6,759 every year, while hoping to spend $36,816 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: 62/30/8 Blend
64$1,580,000$1,580,000$1,580,000$1,580,000
65$1,748,132$1,664,392$1,639,902$1,853,203
66$1,887,269$1,706,775$1,655,667$1,966,629
67$2,039,365$1,750,001$1,670,726$2,085,494
68$2,205,702$1,794,073$1,685,016$2,214,296
69$2,387,692$1,838,991$1,698,473$2,353,993
70$2,586,891$1,884,756$1,711,026$2,505,642
71$2,805,011$1,931,366$1,722,603$2,670,409
72$3,043,938$1,978,819$1,733,126$2,849,574
73$3,305,750$2,027,112$1,742,516$3,044,548
74$3,592,734$2,076,237$1,750,688$3,256,885
75$3,907,408$2,126,189$1,757,551$3,488,298
76$4,252,548$2,176,956$1,763,014$3,740,672
77$4,631,210$2,228,529$1,766,977$4,016,082
78$5,046,760$2,280,893$1,769,337$4,316,816
79$5,502,906$2,334,033$1,769,986$4,645,394
80$6,003,731$2,387,930$1,768,809$5,004,591
81$6,553,736$2,442,563$1,765,689$5,397,465
82$7,157,877$2,497,909$1,760,499$5,827,385
83$7,821,614$2,553,939$1,753,109$6,298,062
84$8,550,961$2,610,625$1,743,381$6,813,584
85$9,352,545$2,667,931$1,731,170$7,378,457
86$10,233,666$2,725,822$1,716,326$7,997,644
87$11,202,368$2,784,254$1,698,690$8,676,615
88$12,267,510$2,843,183$1,678,097$9,421,396
89$13,438,855$2,902,559$1,654,373$10,238,627
90$14,727,160$2,962,325$1,627,335$11,135,624
91$16,144,274$3,022,423$1,596,795$12,120,450
92$17,703,254$3,082,786$1,562,552$13,201,989
93$19,418,487$3,143,344$1,524,399$14,390,031
94$21,305,823$3,204,018$1,482,116$15,695,362
95$23,382,726$3,264,724$1,435,477$17,129,871
96$25,668,441$3,325,372$1,384,242$18,706,657
97$28,184,170$3,385,863$1,328,162$20,440,155
98$30,953,276$3,446,091$1,266,976$22,346,274
99$34,001,501$3,505,941$1,200,411$24,442,544
100$37,357,213$3,565,290$1,128,182$26,748,282