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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$134,604$133,405$132,235$131,093$129,978$125,667
2 years$66,636$65,395$64,192$63,026$61,895$57,593
3 years$43,982$42,736$41,536$40,381$39,268$35,111
4 years$32,658$31,416$30,228$29,092$28,007$24,026
5 years$25,865$24,630$23,458$22,346$21,290$17,496
6 years$21,338$20,112$18,958$17,870$16,846$13,242
7 years$18,106$16,890$15,754$14,692$13,700$10,286
8 years$15,683$14,478$13,361$12,325$11,366$8,139
9 years$13,799$12,606$11,507$10,498$9,572$6,528
10 years$12,293$11,111$10,032$9,049$8,156$5,290
11 years$11,061$9,892$8,832$7,876$7,014$4,322
12 years$10,036$8,878$7,839$6,908$6,078$3,553
13 years$9,169$8,023$7,003$6,099$5,300$2,936
14 years$8,426$7,293$6,292$5,414$4,646$2,436
15 years$7,784$6,662$5,681$4,828$4,091$2,027
16 years$7,222$6,113$5,151$4,323$3,616$1,692
17 years$6,726$5,629$4,687$3,884$3,206$1,415
18 years$6,286$5,202$4,279$3,500$2,850$1,186
19 years$5,893$4,821$3,917$3,163$2,541$996
20 years$5,540$4,480$3,595$2,865$2,269$837
21 years$5,221$4,173$3,306$2,600$2,031$704
22 years$4,931$3,895$3,047$2,364$1,820$593
23 years$4,666$3,643$2,814$2,153$1,634$499
24 years$4,425$3,413$2,602$1,964$1,469$421
25 years$4,202$3,203$2,410$1,793$1,322$355
26 years$3,998$3,011$2,235$1,640$1,190$300
27 years$3,808$2,833$2,076$1,501$1,073$253
28 years$3,633$2,670$1,930$1,375$968$214
29 years$3,470$2,519$1,796$1,261$875$181
30 years$3,318$2,379$1,673$1,157$790$153
31 years$3,176$2,249$1,559$1,063$714$129
32 years$3,043$2,128$1,455$977$646$109
33 years$2,919$2,015$1,358$898$585$92
34 years$2,802$1,910$1,269$826$529$78
35 years$2,692$1,811$1,187$761$480$66
36 years$2,589$1,719$1,110$701$435$56
37 years$2,491$1,633$1,039$646$394$47
38 years$2,399$1,552$973$595$357$40
39 years$2,311$1,476$912$549$324$34
40 years$2,228$1,404$854$506$294$29
41 years$2,150$1,336$801$467$266$24
42 years$2,075$1,273$752$431$242$20
43 years$2,004$1,213$705$398$219$17
44 years$1,937$1,156$662$367$199$15
45 years$1,872$1,102$622$339$181$12
46 years$1,811$1,052$584$313$164$10
47 years$1,752$1,003$548$289$149$9
48 years$1,696$958$515$267$135$7
49 years$1,643$915$484$247$123$6
50 years$1,591$874$455$228$112$5

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 $6,316 every year, while hoping to spend $51,117 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: 44/45/11 Blend
64$1,630,000$1,630,000$1,630,000$1,630,000
65$1,802,775$1,716,385$1,691,120$1,876,144
66$1,932,270$1,746,100$1,693,384$1,957,518
67$2,073,260$1,775,557$1,694,011$2,039,979
68$2,226,864$1,804,691$1,692,892$2,128,209
69$2,394,313$1,833,430$1,689,913$2,222,758
70$2,576,961$1,861,696$1,684,953$2,324,232
71$2,776,300$1,889,408$1,677,888$2,433,303
72$2,993,971$1,916,477$1,668,586$2,550,709
73$3,231,781$1,942,809$1,656,908$2,677,266
74$3,491,718$1,968,303$1,642,710$2,813,875
75$3,775,974$1,992,850$1,625,841$2,961,530
76$4,086,959$2,016,335$1,606,143$3,121,327
77$4,427,328$2,038,635$1,583,448$3,294,477
78$4,800,005$2,059,618$1,557,583$3,482,315
79$5,208,209$2,079,143$1,528,365$3,686,316
80$5,655,486$2,097,061$1,495,606$3,908,106
81$6,145,741$2,113,212$1,459,104$4,149,482
82$6,683,274$2,127,426$1,418,651$4,412,425
83$7,272,821$2,139,523$1,374,028$4,699,120
84$7,919,599$2,149,310$1,325,009$5,011,982
85$8,629,354$2,156,583$1,271,353$5,353,673
86$9,408,416$2,161,123$1,212,811$5,727,131
87$10,263,757$2,162,701$1,149,123$6,135,598
88$11,203,057$2,161,069$1,080,015$6,582,651
89$12,234,775$2,155,969$1,005,202$7,072,237
90$13,368,233$2,147,122$924,387$7,608,711
91$14,613,697$2,134,235$837,258$8,196,878
92$15,982,478$2,116,996$743,491$8,842,038
93$17,487,038$2,095,076$642,744$9,550,039
94$19,141,105$2,068,124$534,665$10,327,333
95$20,959,804$2,035,768$418,883$11,181,035
96$22,959,798$1,997,615$295,010$12,118,998
97$25,159,448$1,953,249$162,644$13,149,880
98$27,578,982$1,902,228$21,362$14,283,234
99$30,240,686$1,844,085$0$15,529,596
100$33,169,116$1,778,326$0$16,915,776