Can I retire at age 65 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$133,778$132,586$131,424$130,289$129,181$125,701
2 years$66,227$64,993$63,798$62,639$61,515$58,034
3 years$43,713$42,474$41,282$40,133$39,028$35,654
4 years$32,458$31,223$30,042$28,914$27,835$24,595
5 years$25,707$24,479$23,314$22,209$21,160$18,063
6 years$21,207$19,989$18,841$17,760$16,743$13,791
7 years$17,995$16,787$15,657$14,602$13,616$10,811
8 years$15,586$14,389$13,279$12,249$11,296$8,635
9 years$13,714$12,528$11,437$10,434$9,513$6,993
10 years$12,217$11,043$9,971$8,994$8,106$5,725
11 years$10,994$9,831$8,778$7,827$6,971$4,725
12 years$9,974$8,824$7,790$6,866$6,041$3,926
13 years$9,113$7,974$6,960$6,061$5,268$3,279
14 years$8,375$7,248$6,254$5,381$4,618$2,751
15 years$7,736$6,622$5,646$4,798$4,066$2,316
16 years$7,177$6,075$5,119$4,297$3,593$1,955
17 years$6,685$5,595$4,658$3,860$3,186$1,655
18 years$6,248$5,170$4,252$3,479$2,833$1,403
19 years$5,857$4,791$3,893$3,144$2,525$1,192
20 years$5,506$4,452$3,573$2,847$2,255$1,014
21 years$5,189$4,147$3,286$2,584$2,018$864
22 years$4,900$3,871$3,029$2,349$1,809$736
23 years$4,638$3,621$2,797$2,140$1,624$628
24 years$4,397$3,392$2,586$1,951$1,460$537
25 years$4,177$3,184$2,395$1,782$1,314$459
26 years$3,973$2,992$2,222$1,630$1,183$392
27 years$3,785$2,816$2,063$1,492$1,067$335
28 years$3,611$2,653$1,918$1,367$963$287
29 years$3,449$2,503$1,785$1,253$869$246
30 years$3,298$2,364$1,662$1,150$785$210
31 years$3,157$2,235$1,550$1,056$710$180
32 years$3,025$2,115$1,446$971$642$154
33 years$2,901$2,003$1,350$893$581$132
34 years$2,785$1,898$1,261$821$526$113
35 years$2,676$1,800$1,179$756$477$97
36 years$2,573$1,709$1,103$696$432$83
37 years$2,476$1,623$1,033$642$391$71
38 years$2,384$1,542$967$591$355$61
39 years$2,297$1,467$906$545$322$52
40 years$2,215$1,395$849$503$292$45
41 years$2,137$1,328$796$464$265$39
42 years$2,062$1,265$747$428$240$33
43 years$1,992$1,205$701$395$218$28
44 years$1,925$1,149$658$365$198$24
45 years$1,861$1,095$618$337$180$21
46 years$1,800$1,045$580$311$163$18
47 years$1,742$997$545$288$148$15
48 years$1,686$952$512$266$135$13
49 years$1,633$909$481$246$122$11
50 years$1,582$868$453$227$111$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,620,000, adding $4,157 every year, while hoping to spend $46,001 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: 42/32/26 Blend
64$1,620,000$1,620,000$1,620,000$1,620,000
65$1,789,528$1,703,668$1,678,558$1,850,909
66$1,923,115$1,738,203$1,685,845$1,929,869
67$2,068,786$1,772,888$1,691,834$2,010,647
68$2,227,726$1,807,683$1,696,434$2,097,234
69$2,401,237$1,842,542$1,699,547$2,190,190
70$2,590,753$1,877,418$1,701,073$2,290,136
71$2,797,856$1,912,257$1,700,904$2,397,758
72$3,024,282$1,947,002$1,698,929$2,513,811
73$3,271,946$1,981,593$1,695,031$2,639,129
74$3,542,957$2,015,963$1,689,087$2,774,633
75$3,839,635$2,050,042$1,680,968$2,921,338
76$4,164,536$2,083,752$1,670,538$3,080,365
77$4,520,475$2,117,012$1,657,657$3,252,952
78$4,910,550$2,149,733$1,642,176$3,440,465
79$5,338,177$2,181,820$1,623,939$3,644,408
80$5,807,114$2,213,172$1,602,784$3,866,446
81$6,321,502$2,243,680$1,578,540$4,108,412
82$6,885,903$2,273,228$1,551,029$4,372,331
83$7,505,341$2,301,692$1,520,064$4,660,435
84$8,185,349$2,328,938$1,485,450$4,975,191
85$8,932,024$2,354,825$1,446,981$5,319,316
86$9,752,080$2,379,202$1,404,445$5,695,810
87$10,652,915$2,401,905$1,357,617$6,107,983
88$11,642,678$2,422,765$1,306,263$6,559,487
89$12,730,347$2,441,596$1,250,138$7,054,348
90$13,925,811$2,458,203$1,188,987$7,597,011
91$15,239,968$2,472,378$1,122,542$8,192,378
92$16,684,820$2,483,901$1,050,523$8,845,854
93$18,273,595$2,492,535$972,638$9,563,404
94$20,020,862$2,498,030$888,582$10,351,607
95$21,942,677$2,500,120$798,037$11,217,718
96$24,056,727$2,498,523$700,668$12,169,740
97$26,382,501$2,492,938$596,128$13,216,498
98$28,941,471$2,483,047$484,053$14,367,727
99$31,757,297$2,468,513$364,065$15,634,163
100$34,856,047$2,448,975$235,766$17,027,643