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%13.8%
1 years$132,127$130,950$129,801$128,681$127,586$125,576
2 years$65,409$64,191$63,010$61,866$60,755$58,735
3 years$43,173$41,950$40,772$39,638$38,546$36,579
4 years$32,057$30,837$29,671$28,557$27,491$25,592
5 years$25,389$24,177$23,026$21,934$20,898$19,073
6 years$20,945$19,742$18,609$17,541$16,536$14,787
7 years$17,773$16,579$15,464$14,422$13,448$11,775
8 years$15,394$14,212$13,115$12,098$11,157$9,560
9 years$13,545$12,374$11,296$10,305$9,396$7,874
10 years$12,067$10,907$9,848$8,883$8,005$6,558
11 years$10,858$9,710$8,670$7,731$6,885$5,509
12 years$9,851$8,715$7,694$6,781$5,966$4,662
13 years$9,000$7,876$6,874$5,986$5,203$3,967
14 years$8,271$7,159$6,177$5,314$4,561$3,392
15 years$7,640$6,540$5,577$4,739$4,016$2,911
16 years$7,089$6,000$5,056$4,243$3,549$2,507
17 years$6,602$5,526$4,601$3,813$3,147$2,165
18 years$6,171$5,106$4,200$3,436$2,798$1,874
19 years$5,785$4,732$3,845$3,105$2,494$1,626
20 years$5,438$4,398$3,529$2,812$2,228$1,412
21 years$5,124$4,096$3,246$2,552$1,993$1,229
22 years$4,840$3,824$2,991$2,320$1,787$1,071
23 years$4,581$3,576$2,762$2,113$1,604$934
24 years$4,343$3,351$2,554$1,927$1,442$815
25 years$4,125$3,144$2,366$1,760$1,297$712
26 years$3,924$2,955$2,194$1,609$1,169$623
27 years$3,738$2,781$2,038$1,473$1,054$545
28 years$3,566$2,621$1,894$1,350$951$477
29 years$3,406$2,472$1,763$1,238$858$418
30 years$3,257$2,335$1,642$1,136$776$366
31 years$3,118$2,207$1,531$1,043$701$321
32 years$2,987$2,088$1,428$959$634$281
33 years$2,865$1,978$1,333$882$574$247
34 years$2,751$1,875$1,246$811$520$216
35 years$2,643$1,778$1,165$747$471$190
36 years$2,541$1,688$1,090$688$427$167
37 years$2,445$1,603$1,020$634$387$146
38 years$2,355$1,523$955$584$350$128
39 years$2,269$1,448$895$539$318$113
40 years$2,187$1,378$839$497$288$99
41 years$2,110$1,312$786$458$262$87
42 years$2,037$1,249$738$423$237$76
43 years$1,967$1,190$692$390$215$67
44 years$1,901$1,135$650$361$195$59
45 years$1,838$1,082$610$333$177$52
46 years$1,778$1,032$573$308$161$45
47 years$1,720$985$538$284$146$40
48 years$1,665$940$506$263$133$35
49 years$1,612$898$476$243$121$31
50 years$1,562$858$447$224$110$27

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 $4,515 every year, while hoping to spend $24,236 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: 38/33/29 Blend
64$1,600,000$1,600,000$1,600,000$1,600,000
65$1,767,857$1,683,057$1,658,257$1,819,635
66$1,922,392$1,739,740$1,688,022$1,914,859
67$2,091,876$1,798,388$1,717,971$2,015,164
68$2,277,811$1,859,072$1,748,086$2,123,112
69$2,481,846$1,921,865$1,778,346$2,239,417
70$2,705,802$1,986,844$1,808,728$2,364,857
71$2,951,681$2,054,087$1,839,208$2,500,294
72$3,221,692$2,123,676$1,869,760$2,646,672
73$3,518,265$2,195,697$1,900,358$2,805,030
74$3,844,079$2,270,237$1,930,971$2,976,512
75$4,202,085$2,347,389$1,961,569$3,162,376
76$4,595,535$2,427,248$1,992,118$3,364,007
77$5,028,008$2,509,912$2,022,583$3,582,928
78$5,503,451$2,595,484$2,052,926$3,820,815
79$6,026,211$2,684,071$2,083,107$4,079,514
80$6,601,077$2,775,782$2,113,083$4,361,055
81$7,233,325$2,870,734$2,142,809$4,667,676
82$7,928,769$2,969,044$2,172,238$5,001,836
83$8,693,814$3,070,838$2,201,319$5,366,246
84$9,535,517$3,176,244$2,229,997$5,763,890
85$10,461,655$3,285,394$2,258,217$6,198,054
86$11,480,794$3,398,429$2,285,918$6,672,355
87$12,602,375$3,515,492$2,313,036$7,190,777
88$13,836,799$3,636,733$2,339,505$7,757,709
89$15,195,528$3,762,308$2,365,253$8,377,981
90$16,691,189$3,892,379$2,390,207$9,056,917
91$18,337,698$4,027,113$2,414,286$9,800,377
92$20,150,387$4,166,685$2,437,408$10,614,819
93$22,146,151$4,311,277$2,459,486$11,507,353
94$24,343,606$4,461,077$2,480,426$12,485,813
95$26,763,265$4,616,282$2,500,133$13,558,828
96$29,427,734$4,777,095$2,518,502$14,735,905
97$32,361,918$4,943,729$2,535,428$16,027,513
98$35,593,265$5,116,402$2,550,796$17,445,190
99$39,152,018$5,295,346$2,564,487$19,001,643
100$43,071,503$5,480,797$2,576,377$20,710,874