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%18.3%
1 years$130,475$129,313$128,179$127,072$125,991$121,763
2 years$64,592$63,389$62,223$61,092$59,996$55,778
3 years$42,633$41,425$40,262$39,142$38,064$33,989
4 years$31,656$30,452$29,301$28,200$27,147$23,246
5 years$25,072$23,875$22,738$21,660$20,637$16,919
6 years$20,684$19,495$18,376$17,322$16,329$12,799
7 years$17,550$16,372$15,271$14,241$13,280$9,936
8 years$15,202$14,034$12,951$11,947$11,017$7,857
9 years$13,376$12,219$11,154$10,176$9,278$6,298
10 years$11,916$10,771$9,725$8,772$7,905$5,101
11 years$10,722$9,588$8,561$7,634$6,799$4,164
12 years$9,728$8,606$7,598$6,696$5,892$3,421
13 years$8,888$7,777$6,788$5,912$5,138$2,825
14 years$8,168$7,069$6,099$5,248$4,504$2,342
15 years$7,545$6,458$5,507$4,680$3,965$1,948
16 years$7,000$5,925$4,993$4,190$3,505$1,625
17 years$6,520$5,457$4,543$3,765$3,107$1,358
18 years$6,093$5,042$4,147$3,393$2,763$1,137
19 years$5,712$4,673$3,797$3,066$2,463$954
20 years$5,370$4,343$3,484$2,777$2,200$801
21 years$5,060$4,045$3,205$2,520$1,969$673
22 years$4,779$3,776$2,954$2,291$1,765$567
23 years$4,523$3,531$2,727$2,087$1,584$477
24 years$4,289$3,309$2,522$1,903$1,424$402
25 years$4,073$3,105$2,336$1,738$1,281$339
26 years$3,875$2,918$2,167$1,589$1,154$286
27 years$3,692$2,746$2,012$1,455$1,040$241
28 years$3,521$2,588$1,870$1,333$939$203
29 years$3,363$2,441$1,741$1,222$848$172
30 years$3,216$2,306$1,621$1,122$766$145
31 years$3,079$2,180$1,512$1,030$692$122
32 years$2,950$2,062$1,410$947$626$103
33 years$2,830$1,953$1,317$871$567$87
34 years$2,716$1,851$1,230$801$513$74
35 years$2,610$1,756$1,150$737$465$62
36 years$2,509$1,666$1,076$679$421$53
37 years$2,415$1,583$1,007$626$382$45
38 years$2,325$1,504$943$577$346$38
39 years$2,240$1,430$884$532$314$32
40 years$2,160$1,361$828$491$285$27
41 years$2,084$1,295$777$453$258$23
42 years$2,012$1,234$728$418$234$19
43 years$1,943$1,175$684$386$213$16
44 years$1,877$1,120$642$356$193$14
45 years$1,815$1,068$603$329$175$12
46 years$1,755$1,019$566$304$159$10
47 years$1,699$973$532$281$144$8
48 years$1,644$929$500$259$131$7
49 years$1,592$887$470$240$119$6
50 years$1,543$847$441$221$108$5

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 $4,843 every year, while hoping to spend $26,482 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: 74/16/10 Blend
64$1,580,000$1,580,000$1,580,000$1,580,000
65$1,746,156$1,662,416$1,637,926$1,871,821
66$1,896,087$1,715,697$1,664,619$2,008,664
67$2,060,423$1,770,702$1,691,320$2,154,746
68$2,240,607$1,827,487$1,717,999$2,314,049
69$2,438,225$1,886,110$1,744,628$2,487,876
70$2,655,025$1,946,631$1,771,175$2,677,658
71$2,892,935$2,009,113$1,797,607$2,884,974
72$3,154,075$2,073,620$1,823,887$3,111,562
73$3,440,782$2,140,219$1,849,979$3,359,333
74$3,755,631$2,208,978$1,875,842$3,630,394
75$4,101,456$2,279,969$1,901,434$3,927,067
76$4,481,382$2,353,266$1,926,709$4,251,905
77$4,898,851$2,428,943$1,951,622$4,607,724
78$5,357,653$2,507,081$1,976,120$4,997,622
79$5,861,965$2,587,759$2,000,152$5,425,015
80$6,416,388$2,671,062$2,023,660$5,893,663
81$7,025,993$2,757,077$2,046,585$6,407,708
82$7,696,364$2,845,893$2,068,866$6,971,714
83$8,433,655$2,937,604$2,090,434$7,590,708
84$9,244,646$3,032,305$2,111,222$8,270,228
85$10,136,806$3,130,095$2,131,155$9,016,375
86$11,118,367$3,231,076$2,150,155$9,835,870
87$12,198,398$3,335,355$2,168,142$10,736,117
88$13,386,888$3,443,042$2,185,029$11,725,274
89$14,694,849$3,554,249$2,200,726$12,812,329
90$16,134,410$3,669,094$2,215,137$14,007,185
91$17,718,939$3,787,698$2,228,162$15,320,751
92$19,463,162$3,910,187$2,239,697$16,765,047
93$21,383,308$4,036,689$2,249,630$18,353,319
94$23,497,258$4,167,340$2,257,846$20,100,158
95$25,824,716$4,302,277$2,264,221$22,021,644
96$28,387,393$4,441,645$2,268,629$24,135,492
97$31,209,213$4,585,591$2,270,933$26,461,222
98$34,316,536$4,734,269$2,270,993$29,020,344
99$37,738,413$4,887,838$2,268,661$31,836,557
100$41,506,850$5,046,461$2,263,781$34,935,976