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%19.7%
1 years$133,778$132,586$131,424$130,289$129,181$124,154
2 years$66,227$64,993$63,798$62,639$61,515$56,511
3 years$43,713$42,474$41,282$40,133$39,028$34,204
4 years$32,458$31,223$30,042$28,914$27,835$23,229
5 years$25,707$24,479$23,314$22,209$21,160$16,782
6 years$21,207$19,989$18,841$17,760$16,743$12,598
7 years$17,995$16,787$15,657$14,602$13,616$9,702
8 years$15,586$14,389$13,279$12,249$11,296$7,609
9 years$13,714$12,528$11,437$10,434$9,513$6,047
10 years$12,217$11,043$9,971$8,994$8,106$4,854
11 years$10,994$9,831$8,778$7,827$6,971$3,927
12 years$9,974$8,824$7,790$6,866$6,041$3,196
13 years$9,113$7,974$6,960$6,061$5,268$2,614
14 years$8,375$7,248$6,254$5,381$4,618$2,146
15 years$7,736$6,622$5,646$4,798$4,066$1,767
16 years$7,177$6,075$5,119$4,297$3,593$1,459
17 years$6,685$5,595$4,658$3,860$3,186$1,207
18 years$6,248$5,170$4,252$3,479$2,833$1,000
19 years$5,857$4,791$3,893$3,144$2,525$830
20 years$5,506$4,452$3,573$2,847$2,255$690
21 years$5,189$4,147$3,286$2,584$2,018$573
22 years$4,900$3,871$3,029$2,349$1,809$477
23 years$4,638$3,621$2,797$2,140$1,624$397
24 years$4,397$3,392$2,586$1,951$1,460$331
25 years$4,177$3,184$2,395$1,782$1,314$276
26 years$3,973$2,992$2,222$1,630$1,183$230
27 years$3,785$2,816$2,063$1,492$1,067$192
28 years$3,611$2,653$1,918$1,367$963$160
29 years$3,449$2,503$1,785$1,253$869$134
30 years$3,298$2,364$1,662$1,150$785$112
31 years$3,157$2,235$1,550$1,056$710$93
32 years$3,025$2,115$1,446$971$642$78
33 years$2,901$2,003$1,350$893$581$65
34 years$2,785$1,898$1,261$821$526$54
35 years$2,676$1,800$1,179$756$477$45
36 years$2,573$1,709$1,103$696$432$38
37 years$2,476$1,623$1,033$642$391$32
38 years$2,384$1,542$967$591$355$26
39 years$2,297$1,467$906$545$322$22
40 years$2,215$1,395$849$503$292$18
41 years$2,137$1,328$796$464$265$15
42 years$2,062$1,265$747$428$240$13
43 years$1,992$1,205$701$395$218$11
44 years$1,925$1,149$658$365$198$9
45 years$1,861$1,095$618$337$180$7
46 years$1,800$1,045$580$311$163$6
47 years$1,742$997$545$288$148$5
48 years$1,686$952$512$266$135$4
49 years$1,633$909$481$246$122$4
50 years$1,582$868$453$227$111$3

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 $2,507 every year, while hoping to spend $26,570 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: 60/26/14 Blend
64$1,620,000$1,620,000$1,620,000$1,620,000
65$1,787,826$1,701,966$1,676,856$1,888,726
66$1,941,914$1,757,092$1,704,760$2,012,107
67$2,110,828$1,814,029$1,732,709$2,143,437
68$2,296,054$1,872,837$1,760,675$2,286,065
69$2,499,224$1,933,579$1,788,631$2,441,088
70$2,722,141$1,996,320$1,816,546$2,609,708
71$2,966,787$2,061,127$1,844,388$2,793,252
72$3,235,347$2,128,071$1,872,123$2,993,176
73$3,530,227$2,197,221$1,899,714$3,211,088
74$3,854,079$2,268,654$1,927,123$3,448,754
75$4,209,823$2,342,445$1,954,309$3,708,121
76$4,600,675$2,418,675$1,981,229$3,991,331
77$5,030,180$2,497,426$2,007,836$4,300,743
78$5,502,241$2,578,783$2,034,082$4,638,956
79$6,021,161$2,662,835$2,059,915$5,008,829
80$6,591,678$2,749,672$2,085,280$5,413,514
81$7,219,013$2,839,390$2,110,121$5,856,480
82$7,908,918$2,932,086$2,134,376$6,341,548
83$8,667,731$3,027,861$2,157,981$6,872,927
84$9,502,434$3,126,821$2,180,868$7,455,253
85$10,420,720$3,229,073$2,202,965$8,093,632
86$11,431,067$3,334,731$2,224,197$8,793,688
87$12,542,812$3,443,909$2,244,484$9,561,617
88$13,766,248$3,556,730$2,263,744$10,404,245
89$15,112,713$3,673,317$2,281,886$11,329,088
90$16,594,699$3,793,799$2,298,819$12,344,431
91$18,225,974$3,918,310$2,314,445$13,459,397
92$20,021,704$4,046,989$2,328,660$14,684,039
93$21,998,605$4,179,979$2,341,357$16,029,432
94$24,175,093$4,317,427$2,352,422$17,507,776
95$26,571,460$4,459,489$2,361,736$19,132,514
96$29,210,067$4,606,322$2,369,173$20,918,457
97$32,115,554$4,758,093$2,374,601$22,881,922
98$35,315,073$4,914,971$2,377,881$25,040,888
99$38,838,539$5,077,133$2,378,869$27,415,164
100$42,718,921$5,244,764$2,377,412$30,026,576