Can I retire at age 65 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$135,430$134,223$133,046$131,898$130,776$126,997
2 years$67,044$65,796$64,586$63,412$62,274$58,497
3 years$44,252$42,998$41,791$40,629$39,509$35,852
4 years$32,858$31,608$30,413$29,271$28,178$24,669
5 years$26,024$24,781$23,602$22,483$21,421$18,069
6 years$21,469$20,236$19,074$17,980$16,950$13,759
7 years$18,217$16,994$15,850$14,782$13,784$10,755
8 years$15,779$14,567$13,442$12,400$11,436$8,565
9 years$13,884$12,683$11,578$10,562$9,630$6,916
10 years$12,368$11,180$10,094$9,105$8,206$5,643
11 years$11,129$9,953$8,887$7,924$7,057$4,643
12 years$10,098$8,933$7,887$6,950$6,116$3,845
13 years$9,225$8,073$7,046$6,136$5,333$3,201
14 years$8,478$7,338$6,331$5,447$4,675$2,676
15 years$7,831$6,703$5,716$4,858$4,116$2,245
16 years$7,266$6,150$5,182$4,350$3,638$1,888
17 years$6,767$5,664$4,716$3,908$3,225$1,592
18 years$6,325$5,234$4,305$3,522$2,868$1,345
19 years$5,929$4,851$3,941$3,182$2,556$1,139
20 years$5,574$4,507$3,617$2,882$2,283$965
21 years$5,253$4,199$3,327$2,616$2,043$819
22 years$4,961$3,919$3,066$2,378$1,832$695
23 years$4,695$3,666$2,831$2,166$1,644$591
24 years$4,452$3,434$2,618$1,976$1,478$503
25 years$4,228$3,223$2,425$1,804$1,330$428
26 years$4,022$3,029$2,249$1,650$1,198$364
27 years$3,832$2,851$2,088$1,510$1,080$310
28 years$3,655$2,686$1,941$1,383$974$265
29 years$3,491$2,534$1,807$1,269$880$225
30 years$3,338$2,393$1,683$1,164$795$192
31 years$3,196$2,262$1,569$1,069$719$164
32 years$3,062$2,141$1,464$983$650$140
33 years$2,937$2,027$1,367$904$588$119
34 years$2,819$1,921$1,277$831$533$102
35 years$2,709$1,822$1,194$765$483$87
36 years$2,605$1,730$1,117$705$437$74
37 years$2,506$1,643$1,045$650$396$63
38 years$2,413$1,561$979$599$359$54
39 years$2,325$1,485$917$552$326$46
40 years$2,242$1,412$860$509$295$39
41 years$2,163$1,345$806$470$268$34
42 years$2,088$1,281$756$434$243$29
43 years$2,017$1,220$710$400$221$25
44 years$1,949$1,163$666$370$200$21
45 years$1,884$1,109$625$341$182$18
46 years$1,822$1,058$587$315$165$15
47 years$1,763$1,010$552$291$150$13
48 years$1,707$964$519$269$136$11
49 years$1,653$920$487$249$124$9
50 years$1,601$879$458$230$112$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,640,000, adding $5,238 every year, while hoping to spend $53,455 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: 40/30/30 Blend
64$1,640,000$1,640,000$1,640,000$1,640,000
65$1,812,683$1,725,763$1,700,343$1,868,965
66$1,940,701$1,753,450$1,700,429$1,938,218
67$2,079,985$1,780,701$1,698,726$2,007,780
68$2,231,628$1,807,440$1,695,118$2,082,041
69$2,396,833$1,833,584$1,689,483$2,161,469
70$2,576,922$1,859,041$1,681,693$2,246,577
71$2,773,352$1,883,718$1,671,613$2,337,937
72$2,987,726$1,907,512$1,659,104$2,436,180
73$3,221,808$1,930,314$1,644,018$2,542,003
74$3,477,540$1,952,008$1,626,200$2,656,178
75$3,757,061$1,972,468$1,605,490$2,779,559
76$4,062,724$1,991,562$1,581,717$2,913,089
77$4,397,122$2,009,149$1,554,705$3,057,811
78$4,763,109$2,025,077$1,524,268$3,214,879
79$5,163,827$2,039,187$1,490,212$3,385,567
80$5,602,737$2,051,307$1,452,334$3,571,284
81$6,083,651$2,061,255$1,410,421$3,773,588
82$6,610,764$2,068,838$1,364,251$3,994,198
83$7,188,701$2,073,849$1,313,592$4,235,015
84$7,822,551$2,076,071$1,258,200$4,498,141
85$8,517,923$2,075,270$1,197,822$4,785,894
86$9,280,994$2,071,201$1,132,192$5,100,838
87$10,118,566$2,063,601$1,061,031$5,445,803
88$11,038,135$2,052,192$984,050$5,823,916
89$12,047,955$2,036,680$900,946$6,238,628
90$13,157,120$2,016,751$811,402$6,693,754
91$14,375,649$1,992,075$715,087$7,193,500
92$15,714,578$1,962,299$611,655$7,742,515
93$17,186,065$1,927,051$500,745$8,345,930
94$18,803,504$1,885,937$381,980$9,009,407
95$20,581,653$1,838,539$254,968$9,739,198
96$22,536,769$1,784,415$119,297$10,542,204
97$24,686,763$1,723,096$0$11,426,040
98$27,051,372$1,654,086$0$12,407,269
99$29,652,337$1,576,862$0$13,528,291
100$32,513,615$1,490,868$0$14,761,261