Can I retire at age 65 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$131,301$130,131$128,990$127,876$126,789$123,623
2 years$65,000$63,790$62,617$61,479$60,376$57,207
3 years$42,903$41,687$40,517$39,390$38,305$35,231
4 years$31,857$30,645$29,486$28,378$27,319$24,365
5 years$25,231$24,026$22,882$21,797$20,768$17,940
6 years$20,815$19,619$18,492$17,432$16,433$13,736
7 years$17,662$16,476$15,367$14,331$13,364$10,798
8 years$15,298$14,123$13,033$12,022$11,087$8,650
9 years$13,460$12,296$11,225$10,240$9,337$7,027
10 years$11,991$10,839$9,786$8,827$7,955$5,770
11 years$10,790$9,649$8,616$7,682$6,842$4,778
12 years$9,790$8,661$7,646$6,738$5,929$3,982
13 years$8,944$7,827$6,831$5,949$5,170$3,338
14 years$8,220$7,114$6,138$5,281$4,532$2,809
15 years$7,593$6,499$5,542$4,710$3,991$2,373
16 years$7,044$5,963$5,024$4,217$3,527$2,011
17 years$6,561$5,491$4,572$3,789$3,127$1,708
18 years$6,132$5,074$4,174$3,415$2,781$1,454
19 years$5,749$4,703$3,821$3,085$2,478$1,240
20 years$5,404$4,370$3,507$2,794$2,214$1,059
21 years$5,092$4,071$3,225$2,536$1,981$905
22 years$4,810$3,800$2,973$2,306$1,776$775
23 years$4,552$3,554$2,745$2,100$1,594$664
24 years$4,316$3,330$2,538$1,915$1,433$569
25 years$4,099$3,125$2,351$1,749$1,289$488
26 years$3,900$2,937$2,180$1,599$1,161$419
27 years$3,715$2,764$2,025$1,464$1,047$360
28 years$3,544$2,604$1,882$1,341$945$309
29 years$3,385$2,457$1,752$1,230$853$266
30 years$3,237$2,320$1,632$1,129$771$229
31 years$3,098$2,193$1,521$1,037$697$197
32 years$2,969$2,075$1,419$953$630$169
33 years$2,847$1,965$1,325$876$570$145
34 years$2,734$1,863$1,238$806$517$125
35 years$2,626$1,767$1,158$742$468$108
36 years$2,525$1,677$1,083$683$424$93
37 years$2,430$1,593$1,014$630$384$80
38 years$2,340$1,514$949$580$348$69
39 years$2,255$1,439$889$535$316$59
40 years$2,174$1,369$833$494$286$51
41 years$2,097$1,304$782$455$260$44
42 years$2,024$1,241$733$420$236$38
43 years$1,955$1,183$688$388$214$32
44 years$1,889$1,128$646$358$194$28
45 years$1,826$1,075$606$331$176$24
46 years$1,766$1,026$569$306$160$21
47 years$1,709$979$535$282$145$18
48 years$1,655$934$503$261$132$15
49 years$1,602$892$473$241$120$13
50 years$1,552$852$444$223$109$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,590,000, adding $4,579 every year, while hoping to spend $52,733 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: 78/14/8 Blend
64$1,590,000$1,590,000$1,590,000$1,590,000
65$1,756,903$1,672,633$1,647,988$1,891,641
66$1,880,000$1,698,485$1,647,088$2,006,593
67$2,013,885$1,723,836$1,644,391$2,125,332
68$2,159,603$1,748,606$1,639,780$2,254,005
69$2,318,304$1,772,709$1,633,134$2,393,576
70$2,491,253$1,796,053$1,624,326$2,545,109
71$2,679,842$1,818,541$1,613,222$2,709,775
72$2,885,603$1,840,067$1,599,682$2,888,865
73$3,110,223$1,860,518$1,583,560$3,083,799
74$3,355,558$1,879,776$1,564,701$3,296,144
75$3,623,652$1,897,713$1,542,946$3,527,624
76$3,916,756$1,914,191$1,518,126$3,780,140
77$4,237,346$1,929,067$1,490,064$4,055,786
78$4,588,150$1,942,187$1,458,576$4,356,868
79$4,972,172$1,953,384$1,423,469$4,685,928
80$5,392,719$1,962,486$1,384,541$5,045,767
81$5,853,434$1,969,305$1,341,580$5,439,472
82$6,358,327$1,973,644$1,294,366$5,870,442
83$6,911,816$1,975,292$1,242,667$6,342,426
84$7,518,767$1,974,027$1,186,242$6,859,552
85$8,184,538$1,969,611$1,124,838$7,426,372
86$8,915,032$1,961,793$1,058,191$8,047,900
87$9,716,749$1,950,306$986,025$8,729,664
88$10,596,852$1,934,865$908,051$9,477,753
89$11,563,229$1,915,172$823,969$10,298,879
90$12,624,570$1,890,906$733,463$11,200,440
91$13,790,447$1,861,731$636,205$12,190,587
92$15,071,405$1,827,289$531,851$13,278,303
93$16,479,063$1,787,201$420,042$14,473,491
94$18,026,219$1,741,065$300,405$15,787,060
95$19,726,973$1,688,457$172,548$17,231,038
96$21,596,859$1,628,926$36,064$18,818,678
97$23,652,992$1,561,997$0$20,564,585
98$25,914,229$1,487,166$0$22,494,212
99$28,401,343$1,403,901$0$24,619,838
100$31,137,225$1,311,636$0$26,957,974