Can I retire at age 65 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$132,127$130,950$129,801$128,681$127,586$126,254
2 years$65,409$64,191$63,010$61,866$60,755$59,414
3 years$43,173$41,950$40,772$39,638$38,546$37,236
4 years$32,057$30,837$29,671$28,557$27,491$26,224
5 years$25,389$24,177$23,026$21,934$20,898$19,677
6 years$20,945$19,742$18,609$17,541$16,536$15,363
7 years$17,773$16,579$15,464$14,422$13,448$12,323
8 years$15,394$14,212$13,115$12,098$11,157$10,079
9 years$13,545$12,374$11,296$10,305$9,396$8,366
10 years$12,067$10,907$9,848$8,883$8,005$7,022
11 years$10,858$9,710$8,670$7,731$6,885$5,948
12 years$9,851$8,715$7,694$6,781$5,966$5,075
13 years$9,000$7,876$6,874$5,986$5,203$4,355
14 years$8,271$7,159$6,177$5,314$4,561$3,756
15 years$7,640$6,540$5,577$4,739$4,016$3,253
16 years$7,089$6,000$5,056$4,243$3,549$2,827
17 years$6,602$5,526$4,601$3,813$3,147$2,464
18 years$6,171$5,106$4,200$3,436$2,798$2,152
19 years$5,785$4,732$3,845$3,105$2,494$1,885
20 years$5,438$4,398$3,529$2,812$2,228$1,653
21 years$5,124$4,096$3,246$2,552$1,993$1,453
22 years$4,840$3,824$2,991$2,320$1,787$1,278
23 years$4,581$3,576$2,762$2,113$1,604$1,126
24 years$4,343$3,351$2,554$1,927$1,442$993
25 years$4,125$3,144$2,366$1,760$1,297$877
26 years$3,924$2,955$2,194$1,609$1,169$774
27 years$3,738$2,781$2,038$1,473$1,054$685
28 years$3,566$2,621$1,894$1,350$951$606
29 years$3,406$2,472$1,763$1,238$858$536
30 years$3,257$2,335$1,642$1,136$776$475
31 years$3,118$2,207$1,531$1,043$701$421
32 years$2,987$2,088$1,428$959$634$373
33 years$2,865$1,978$1,333$882$574$330
34 years$2,751$1,875$1,246$811$520$293
35 years$2,643$1,778$1,165$747$471$260
36 years$2,541$1,688$1,090$688$427$231
37 years$2,445$1,603$1,020$634$387$205
38 years$2,355$1,523$955$584$350$182
39 years$2,269$1,448$895$539$318$161
40 years$2,187$1,378$839$497$288$143
41 years$2,110$1,312$786$458$262$127
42 years$2,037$1,249$738$423$237$113
43 years$1,967$1,190$692$390$215$100
44 years$1,901$1,135$650$361$195$89
45 years$1,838$1,082$610$333$177$79
46 years$1,778$1,032$573$308$161$70
47 years$1,720$985$538$284$146$62
48 years$1,665$940$506$263$133$56
49 years$1,612$898$476$243$121$49
50 years$1,562$858$447$224$110$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,600,000, adding $5,785 every year, while hoping to spend $34,028 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: 64/8/28 Blend
64$1,600,000$1,600,000$1,600,000$1,600,000
65$1,769,167$1,684,367$1,659,567$1,868,887
66$1,913,417$1,730,696$1,678,957$1,983,436
67$2,071,239$1,778,154$1,697,856$2,104,287
68$2,243,983$1,826,761$1,716,212$2,235,603
69$2,433,134$1,876,536$1,733,969$2,378,418
70$2,640,326$1,927,499$1,751,070$2,533,870
71$2,867,360$1,979,668$1,767,452$2,703,213
72$3,116,221$2,033,061$1,783,051$2,887,829
73$3,389,091$2,087,697$1,797,799$3,089,240
74$3,688,377$2,143,593$1,811,624$3,309,123
75$4,016,729$2,200,766$1,824,451$3,549,328
76$4,377,065$2,259,233$1,836,200$3,811,890
77$4,772,600$2,319,010$1,846,787$4,099,055
78$5,206,875$2,380,112$1,856,124$4,413,297
79$5,683,792$2,442,553$1,864,120$4,757,341
80$6,207,647$2,506,347$1,870,677$5,134,191
81$6,783,176$2,571,506$1,875,692$5,547,157
82$7,415,592$2,638,042$1,879,060$5,999,888
83$8,110,641$2,705,965$1,880,668$6,496,405
84$8,874,653$2,775,284$1,880,397$7,041,138
85$9,714,601$2,846,006$1,878,123$7,638,971
86$10,638,168$2,918,138$1,873,718$8,295,284
87$11,653,818$2,991,684$1,867,045$9,016,009
88$12,770,877$3,066,646$1,857,960$9,807,682
89$13,999,619$3,143,024$1,846,315$10,677,507
90$15,351,366$3,220,818$1,831,952$11,633,422
91$16,838,591$3,300,023$1,814,707$12,684,177
92$18,475,035$3,380,633$1,794,409$13,839,414
93$20,275,843$3,462,638$1,770,876$15,109,760
94$22,257,699$3,546,027$1,743,919$16,506,928
95$24,438,985$3,630,784$1,713,342$18,043,823
96$26,839,960$3,716,890$1,678,937$19,734,673
97$29,482,942$3,804,324$1,640,488$21,595,154
98$32,392,526$3,893,059$1,597,768$23,642,543
99$35,595,810$3,983,066$1,550,540$25,895,884
100$39,122,655$4,074,309$1,498,556$28,376,161