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%15.3%
1 years$134,604$133,405$132,235$131,093$129,978$127,146
2 years$66,636$65,395$64,192$63,026$61,895$59,055
3 years$43,982$42,736$41,536$40,381$39,268$36,511
4 years$32,658$31,416$30,228$29,092$28,007$25,352
5 years$25,865$24,630$23,458$22,346$21,290$18,746
6 years$21,338$20,112$18,958$17,870$16,846$14,415
7 years$18,106$16,890$15,754$14,692$13,700$11,383
8 years$15,683$14,478$13,361$12,325$11,366$9,161
9 years$13,799$12,606$11,507$10,498$9,572$7,478
10 years$12,293$11,111$10,032$9,049$8,156$6,171
11 years$11,061$9,892$8,832$7,876$7,014$5,136
12 years$10,036$8,878$7,839$6,908$6,078$4,304
13 years$9,169$8,023$7,003$6,099$5,300$3,626
14 years$8,426$7,293$6,292$5,414$4,646$3,069
15 years$7,784$6,662$5,681$4,828$4,091$2,607
16 years$7,222$6,113$5,151$4,323$3,616$2,222
17 years$6,726$5,629$4,687$3,884$3,206$1,898
18 years$6,286$5,202$4,279$3,500$2,850$1,625
19 years$5,893$4,821$3,917$3,163$2,541$1,394
20 years$5,540$4,480$3,595$2,865$2,269$1,198
21 years$5,221$4,173$3,306$2,600$2,031$1,030
22 years$4,931$3,895$3,047$2,364$1,820$887
23 years$4,666$3,643$2,814$2,153$1,634$765
24 years$4,425$3,413$2,602$1,964$1,469$660
25 years$4,202$3,203$2,410$1,793$1,322$570
26 years$3,998$3,011$2,235$1,640$1,190$492
27 years$3,808$2,833$2,076$1,501$1,073$426
28 years$3,633$2,670$1,930$1,375$968$368
29 years$3,470$2,519$1,796$1,261$875$318
30 years$3,318$2,379$1,673$1,157$790$276
31 years$3,176$2,249$1,559$1,063$714$239
32 years$3,043$2,128$1,455$977$646$207
33 years$2,919$2,015$1,358$898$585$179
34 years$2,802$1,910$1,269$826$529$155
35 years$2,692$1,811$1,187$761$480$134
36 years$2,589$1,719$1,110$701$435$116
37 years$2,491$1,633$1,039$646$394$101
38 years$2,399$1,552$973$595$357$87
39 years$2,311$1,476$912$549$324$76
40 years$2,228$1,404$854$506$294$66
41 years$2,150$1,336$801$467$266$57
42 years$2,075$1,273$752$431$242$49
43 years$2,004$1,213$705$398$219$43
44 years$1,937$1,156$662$367$199$37
45 years$1,872$1,102$622$339$181$32
46 years$1,811$1,052$584$313$164$28
47 years$1,752$1,003$548$289$149$24
48 years$1,696$958$515$267$135$21
49 years$1,643$915$484$247$123$18
50 years$1,591$874$455$228$112$16

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 $4,572 every year, while hoping to spend $43,177 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: 60/12/28 Blend
64$1,630,000$1,630,000$1,630,000$1,630,000
65$1,800,976$1,714,586$1,689,321$1,895,133
66$1,938,736$1,752,661$1,699,973$1,997,968
67$2,089,100$1,791,154$1,709,535$2,105,112
68$2,253,308$1,830,041$1,717,925$2,221,123
69$2,432,726$1,869,293$1,725,056$2,346,877
70$2,628,856$1,908,881$1,730,838$2,483,336
71$2,843,353$1,948,770$1,735,175$2,631,563
72$3,078,040$1,988,924$1,737,967$2,792,729
73$3,334,921$2,029,302$1,739,110$2,968,126
74$3,616,206$2,069,861$1,738,493$3,159,176
75$3,924,327$2,110,553$1,736,002$3,367,449
76$4,261,964$2,151,326$1,731,513$3,594,675
77$4,632,067$2,192,123$1,724,901$3,842,759
78$5,037,884$2,232,883$1,716,032$4,113,806
79$5,482,995$2,273,542$1,704,766$4,410,132
80$5,971,342$2,314,027$1,690,957$4,734,293
81$6,507,267$2,354,262$1,674,451$5,089,105
82$7,095,551$2,394,163$1,655,089$5,477,675
83$7,741,464$2,433,644$1,632,700$5,903,425
84$8,450,807$2,472,607$1,607,110$6,370,130
85$9,229,975$2,510,950$1,578,134$6,881,950
86$10,086,010$2,548,563$1,545,579$7,443,474
87$11,026,669$2,585,329$1,509,241$8,059,756
88$12,060,499$2,621,121$1,468,911$8,736,372
89$13,196,917$2,655,803$1,424,367$9,479,466
90$14,446,297$2,689,231$1,375,378$10,295,813
91$15,820,068$2,721,252$1,321,701$11,192,881
92$17,330,820$2,751,699$1,263,084$12,178,901
93$18,992,429$2,780,397$1,199,262$13,262,948
94$20,820,178$2,807,158$1,129,958$14,455,024
95$22,830,908$2,831,781$1,054,885$15,766,158
96$25,043,177$2,854,054$973,739$17,208,504
97$27,477,427$2,873,749$886,205$18,795,459
98$30,156,186$2,890,624$791,955$20,541,794
99$33,104,274$2,904,422$690,643$22,463,788
100$36,349,041$2,914,869$581,910$24,579,385