Can I retire at age 65 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$134,604$133,405$132,235$131,093$129,978$127,720
2 years$66,636$65,395$64,192$63,026$61,895$59,627
3 years$43,982$42,736$41,536$40,381$39,268$37,062
4 years$32,658$31,416$30,228$29,092$28,007$25,878
5 years$25,865$24,630$23,458$22,346$21,290$19,245
6 years$21,338$20,112$18,958$17,870$16,846$14,888
7 years$18,106$16,890$15,754$14,692$13,700$11,829
8 years$15,683$14,478$13,361$12,325$11,366$9,581
9 years$13,799$12,606$11,507$10,498$9,572$7,873
10 years$12,293$11,111$10,032$9,049$8,156$6,541
11 years$11,061$9,892$8,832$7,876$7,014$5,482
12 years$10,036$8,878$7,839$6,908$6,078$4,626
13 years$9,169$8,023$7,003$6,099$5,300$3,926
14 years$8,426$7,293$6,292$5,414$4,646$3,348
15 years$7,784$6,662$5,681$4,828$4,091$2,866
16 years$7,222$6,113$5,151$4,323$3,616$2,461
17 years$6,726$5,629$4,687$3,884$3,206$2,119
18 years$6,286$5,202$4,279$3,500$2,850$1,829
19 years$5,893$4,821$3,917$3,163$2,541$1,582
20 years$5,540$4,480$3,595$2,865$2,269$1,370
21 years$5,221$4,173$3,306$2,600$2,031$1,189
22 years$4,931$3,895$3,047$2,364$1,820$1,033
23 years$4,666$3,643$2,814$2,153$1,634$898
24 years$4,425$3,413$2,602$1,964$1,469$781
25 years$4,202$3,203$2,410$1,793$1,322$681
26 years$3,998$3,011$2,235$1,640$1,190$593
27 years$3,808$2,833$2,076$1,501$1,073$517
28 years$3,633$2,670$1,930$1,375$968$451
29 years$3,470$2,519$1,796$1,261$875$394
30 years$3,318$2,379$1,673$1,157$790$344
31 years$3,176$2,249$1,559$1,063$714$301
32 years$3,043$2,128$1,455$977$646$263
33 years$2,919$2,015$1,358$898$585$230
34 years$2,802$1,910$1,269$826$529$201
35 years$2,692$1,811$1,187$761$480$176
36 years$2,589$1,719$1,110$701$435$154
37 years$2,491$1,633$1,039$646$394$134
38 years$2,399$1,552$973$595$357$118
39 years$2,311$1,476$912$549$324$103
40 years$2,228$1,404$854$506$294$90
41 years$2,150$1,336$801$467$266$79
42 years$2,075$1,273$752$431$242$69
43 years$2,004$1,213$705$398$219$60
44 years$1,937$1,156$662$367$199$53
45 years$1,872$1,102$622$339$181$46
46 years$1,811$1,052$584$313$164$40
47 years$1,752$1,003$548$289$149$35
48 years$1,696$958$515$267$135$31
49 years$1,643$915$484$247$123$27
50 years$1,591$874$455$228$112$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,630,000, adding $6,387 every year, while hoping to spend $22,279 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: 65/12/23 Blend
64$1,630,000$1,630,000$1,630,000$1,630,000
65$1,802,848$1,716,458$1,691,193$1,908,927
66$1,963,034$1,776,860$1,724,143$2,041,524
67$2,138,812$1,839,475$1,757,451$2,183,292
68$2,331,749$1,904,387$1,791,104$2,337,726
69$2,543,572$1,971,686$1,825,090$2,506,068
70$2,776,180$2,041,463$1,859,395$2,689,689
71$3,031,670$2,113,814$1,894,004$2,890,097
72$3,312,347$2,188,838$1,928,900$3,108,955
73$3,620,755$2,266,639$1,964,066$3,348,092
74$3,959,692$2,347,324$1,999,482$3,609,522
75$4,332,243$2,431,006$2,035,128$3,895,464
76$4,741,808$2,517,801$2,070,980$4,208,362
77$5,192,130$2,607,831$2,107,016$4,550,908
78$5,687,334$2,701,222$2,143,208$4,926,066
79$6,231,967$2,798,106$2,179,530$5,337,102
80$6,831,034$2,898,620$2,215,950$5,787,614
81$7,490,053$3,002,906$2,252,439$6,281,562
82$8,215,103$3,111,114$2,288,960$6,823,313
83$9,012,882$3,223,397$2,325,479$7,417,675
84$9,890,770$3,339,916$2,361,956$8,069,945
85$10,856,896$3,460,841$2,398,349$8,785,959
86$11,920,222$3,586,344$2,434,616$9,572,146
87$13,090,619$3,716,609$2,470,710$10,435,589
88$14,378,963$3,851,824$2,506,580$11,384,092
89$15,797,242$3,992,188$2,542,175$12,426,253
90$17,358,661$4,137,906$2,577,439$13,571,545
91$19,077,774$4,289,192$2,612,312$14,830,404
92$20,970,614$4,446,270$2,646,731$16,214,330
93$23,054,851$4,609,372$2,680,632$17,735,992
94$25,349,956$4,778,741$2,713,943$19,409,352
95$27,877,382$4,954,630$2,746,590$21,249,791
96$30,660,770$5,137,302$2,778,496$23,274,257
97$33,726,170$5,327,031$2,809,577$25,501,426
98$37,102,288$5,524,104$2,839,747$27,951,874
99$40,820,756$5,728,819$2,868,913$30,648,276
100$44,916,429$5,941,488$2,896,977$33,615,614