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%15.2%
1 years$135,430$134,223$133,046$131,898$130,776$127,979
2 years$67,044$65,796$64,586$63,412$62,274$59,470
3 years$44,252$42,998$41,791$40,629$39,509$36,785
4 years$32,858$31,608$30,413$29,271$28,178$25,555
5 years$26,024$24,781$23,602$22,483$21,421$18,906
6 years$21,469$20,236$19,074$17,980$16,950$14,546
7 years$18,217$16,994$15,850$14,782$13,784$11,493
8 years$15,779$14,567$13,442$12,400$11,436$9,255
9 years$13,884$12,683$11,578$10,562$9,630$7,559
10 years$12,368$11,180$10,094$9,105$8,206$6,242
11 years$11,129$9,953$8,887$7,924$7,057$5,198
12 years$10,098$8,933$7,887$6,950$6,116$4,359
13 years$9,225$8,073$7,046$6,136$5,333$3,675
14 years$8,478$7,338$6,331$5,447$4,675$3,112
15 years$7,831$6,703$5,716$4,858$4,116$2,646
16 years$7,266$6,150$5,182$4,350$3,638$2,256
17 years$6,767$5,664$4,716$3,908$3,225$1,929
18 years$6,325$5,234$4,305$3,522$2,868$1,653
19 years$5,929$4,851$3,941$3,182$2,556$1,419
20 years$5,574$4,507$3,617$2,882$2,283$1,220
21 years$5,253$4,199$3,327$2,616$2,043$1,050
22 years$4,961$3,919$3,066$2,378$1,832$905
23 years$4,695$3,666$2,831$2,166$1,644$781
24 years$4,452$3,434$2,618$1,976$1,478$674
25 years$4,228$3,223$2,425$1,804$1,330$583
26 years$4,022$3,029$2,249$1,650$1,198$504
27 years$3,832$2,851$2,088$1,510$1,080$436
28 years$3,655$2,686$1,941$1,383$974$377
29 years$3,491$2,534$1,807$1,269$880$327
30 years$3,338$2,393$1,683$1,164$795$283
31 years$3,196$2,262$1,569$1,069$719$245
32 years$3,062$2,141$1,464$983$650$212
33 years$2,937$2,027$1,367$904$588$184
34 years$2,819$1,921$1,277$831$533$160
35 years$2,709$1,822$1,194$765$483$138
36 years$2,605$1,730$1,117$705$437$120
37 years$2,506$1,643$1,045$650$396$104
38 years$2,413$1,561$979$599$359$90
39 years$2,325$1,485$917$552$326$78
40 years$2,242$1,412$860$509$295$68
41 years$2,163$1,345$806$470$268$59
42 years$2,088$1,281$756$434$243$51
43 years$2,017$1,220$710$400$221$44
44 years$1,949$1,163$666$370$200$39
45 years$1,884$1,109$625$341$182$33
46 years$1,822$1,058$587$315$165$29
47 years$1,763$1,010$552$291$150$25
48 years$1,707$964$519$269$136$22
49 years$1,653$920$487$249$124$19
50 years$1,601$879$458$230$112$16

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 $3,565 every year, while hoping to spend $37,815 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: 54/31/15 Blend
64$1,640,000$1,640,000$1,640,000$1,640,000
65$1,810,957$1,724,037$1,698,617$1,901,355
66$1,955,440$1,768,280$1,715,286$2,007,612
67$2,113,393$1,813,424$1,731,246$2,118,856
68$2,286,149$1,859,472$1,746,433$2,239,087
69$2,475,178$1,906,428$1,760,781$2,369,170
70$2,682,097$1,954,294$1,774,218$2,510,057
71$2,908,687$2,003,070$1,786,670$2,662,796
72$3,156,910$2,052,757$1,798,060$2,828,543
73$3,428,924$2,103,352$1,808,304$3,008,569
74$3,727,109$2,154,851$1,817,317$3,204,276
75$4,054,085$2,207,249$1,825,008$3,417,207
76$4,412,737$2,260,539$1,831,281$3,649,061
77$4,806,242$2,314,712$1,836,035$3,901,713
78$5,238,103$2,369,757$1,839,167$4,177,224
79$5,712,175$2,425,661$1,840,564$4,477,869
80$6,232,706$2,482,407$1,840,111$4,806,152
81$6,804,374$2,539,977$1,837,687$5,164,833
82$7,432,334$2,598,349$1,833,164$5,556,952
83$8,122,264$2,657,501$1,826,407$5,985,861
84$8,880,420$2,717,403$1,817,276$6,455,250
85$9,713,692$2,778,026$1,805,625$6,969,188
86$10,629,674$2,839,334$1,791,299$7,532,159
87$11,636,729$2,901,290$1,774,136$8,149,102
88$12,744,074$2,963,851$1,753,967$8,825,460
89$13,961,859$3,026,970$1,730,615$9,567,235
90$15,301,273$3,090,595$1,703,894$10,381,035
91$16,774,638$3,154,670$1,673,611$11,274,149
92$18,395,535$3,219,133$1,639,561$12,254,603
93$20,178,925$3,283,916$1,601,531$13,331,248
94$22,141,293$3,348,945$1,559,299$14,513,834
95$24,300,801$3,414,140$1,512,633$15,813,108
96$26,677,464$3,479,414$1,461,287$17,240,914
97$29,293,333$3,544,673$1,405,008$18,810,304
98$32,172,706$3,609,815$1,343,529$20,535,663
99$35,342,356$3,674,730$1,276,571$22,432,846
100$38,831,783$3,739,298$1,203,843$24,519,322