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

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$132,127$130,950$129,801$128,681$127,586$126,517
2 years$65,409$64,191$63,010$61,866$60,755$59,678
3 years$43,173$41,950$40,772$39,638$38,546$37,493
4 years$32,057$30,837$29,671$28,557$27,491$26,472
5 years$25,389$24,177$23,026$21,934$20,898$19,915
6 years$20,945$19,742$18,609$17,541$16,536$15,590
7 years$17,773$16,579$15,464$14,422$13,448$12,540
8 years$15,394$14,212$13,115$12,098$11,157$10,286
9 years$13,545$12,374$11,296$10,305$9,396$8,563
10 years$12,067$10,907$9,848$8,883$8,005$7,209
11 years$10,858$9,710$8,670$7,731$6,885$6,125
12 years$9,851$8,715$7,694$6,781$5,966$5,242
13 years$9,000$7,876$6,874$5,986$5,203$4,514
14 years$8,271$7,159$6,177$5,314$4,561$3,906
15 years$7,640$6,540$5,577$4,739$4,016$3,394
16 years$7,089$6,000$5,056$4,243$3,549$2,959
17 years$6,602$5,526$4,601$3,813$3,147$2,588
18 years$6,171$5,106$4,200$3,436$2,798$2,269
19 years$5,785$4,732$3,845$3,105$2,494$1,994
20 years$5,438$4,398$3,529$2,812$2,228$1,756
21 years$5,124$4,096$3,246$2,552$1,993$1,549
22 years$4,840$3,824$2,991$2,320$1,787$1,368
23 years$4,581$3,576$2,762$2,113$1,604$1,210
24 years$4,343$3,351$2,554$1,927$1,442$1,071
25 years$4,125$3,144$2,366$1,760$1,297$949
26 years$3,924$2,955$2,194$1,609$1,169$842
27 years$3,738$2,781$2,038$1,473$1,054$747
28 years$3,566$2,621$1,894$1,350$951$663
29 years$3,406$2,472$1,763$1,238$858$590
30 years$3,257$2,335$1,642$1,136$776$524
31 years$3,118$2,207$1,531$1,043$701$466
32 years$2,987$2,088$1,428$959$634$415
33 years$2,865$1,978$1,333$882$574$369
34 years$2,751$1,875$1,246$811$520$329
35 years$2,643$1,778$1,165$747$471$293
36 years$2,541$1,688$1,090$688$427$261
37 years$2,445$1,603$1,020$634$387$233
38 years$2,355$1,523$955$584$350$207
39 years$2,269$1,448$895$539$318$185
40 years$2,187$1,378$839$497$288$165
41 years$2,110$1,312$786$458$262$147
42 years$2,037$1,249$738$423$237$131
43 years$1,967$1,190$692$390$215$117
44 years$1,901$1,135$650$361$195$104
45 years$1,838$1,082$610$333$177$93
46 years$1,778$1,032$573$308$161$83
47 years$1,720$985$538$284$146$74
48 years$1,665$940$506$263$133$66
49 years$1,612$898$476$243$121$59
50 years$1,562$858$447$224$110$53

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 $4,664 every year, while hoping to spend $20,712 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: 38/46/16 Blend
64$1,600,000$1,600,000$1,600,000$1,600,000
65$1,768,011$1,683,211$1,658,411$1,826,503
66$1,926,311$1,743,651$1,691,930$1,929,290
67$2,100,063$1,806,358$1,725,878$2,037,969
68$2,290,821$1,871,422$1,760,248$2,154,978
69$2,500,299$1,938,936$1,795,030$2,281,078
70$2,730,381$2,008,995$1,830,215$2,417,103
71$2,983,146$2,081,702$1,865,793$2,563,970
72$3,260,883$2,157,161$1,901,753$2,722,687
73$3,566,112$2,235,481$1,938,081$2,894,360
74$3,901,612$2,316,776$1,974,763$3,080,206
75$4,270,444$2,401,166$2,011,785$3,281,560
76$4,675,978$2,488,772$2,049,129$3,499,892
77$5,121,931$2,579,725$2,086,778$3,736,816
78$5,612,395$2,674,158$2,124,711$3,994,108
79$6,151,878$2,772,211$2,162,908$4,273,720
80$6,745,350$2,874,029$2,201,346$4,577,799
81$7,398,284$2,979,765$2,240,000$4,908,707
82$8,116,713$3,089,577$2,278,843$5,269,042
83$8,907,281$3,203,630$2,317,848$5,661,661
84$9,777,310$3,322,095$2,356,983$6,089,708
85$10,734,870$3,445,151$2,396,216$6,556,644
86$11,788,849$3,572,986$2,435,511$7,066,275
87$12,949,043$3,705,794$2,474,833$7,622,791
88$14,226,246$3,843,778$2,514,140$8,230,804
89$15,632,350$3,987,151$2,553,391$8,895,389
90$17,180,460$4,136,131$2,592,539$9,622,133
91$18,885,016$4,290,951$2,631,538$10,417,186
92$20,761,929$4,451,849$2,670,337$11,287,318
93$22,828,733$4,619,076$2,708,880$12,239,983
94$25,104,747$4,792,894$2,747,110$13,283,390
95$27,611,260$4,973,575$2,784,967$14,426,573
96$30,371,731$5,161,402$2,822,386$15,679,484
97$33,412,010$5,356,673$2,859,298$17,053,078
98$36,760,581$5,559,697$2,895,632$18,559,422
99$40,448,835$5,770,796$2,931,309$20,211,803
100$44,511,358$5,990,307$2,966,250$22,024,855