Can I retire at age 65 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$136,255$135,042$133,858$132,702$131,573$129,022
2 years$67,453$66,197$64,979$63,799$62,654$60,094
3 years$44,522$43,260$42,046$40,877$39,750$37,262
4 years$33,059$31,801$30,599$29,449$28,350$25,952
5 years$26,183$24,932$23,746$22,620$21,551$19,250
6 years$21,600$20,359$19,190$18,089$17,053$14,851
7 years$18,328$17,098$15,947$14,872$13,869$11,767
8 years$15,875$14,656$13,524$12,476$11,505$9,503
9 years$13,968$12,761$11,649$10,627$9,689$7,785
10 years$12,444$11,248$10,156$9,160$8,256$6,448
11 years$11,197$10,013$8,941$7,972$7,100$5,387
12 years$10,159$8,987$7,935$6,993$6,153$4,532
13 years$9,281$8,122$7,089$6,174$5,365$3,834
14 years$8,530$7,383$6,370$5,480$4,703$3,258
15 years$7,879$6,744$5,751$4,887$4,141$2,779
16 years$7,310$6,188$5,214$4,376$3,660$2,378
17 years$6,809$5,699$4,745$3,932$3,245$2,041
18 years$6,363$5,266$4,331$3,543$2,885$1,755
19 years$5,966$4,880$3,965$3,202$2,572$1,512
20 years$5,608$4,535$3,639$2,900$2,297$1,305
21 years$5,285$4,224$3,347$2,632$2,056$1,128
22 years$4,991$3,943$3,085$2,393$1,843$976
23 years$4,724$3,688$2,848$2,179$1,654$845
24 years$4,479$3,455$2,634$1,988$1,487$733
25 years$4,254$3,243$2,440$1,815$1,338$636
26 years$4,047$3,048$2,263$1,660$1,205$552
27 years$3,855$2,868$2,101$1,519$1,086$479
28 years$3,677$2,703$1,953$1,392$980$417
29 years$3,512$2,550$1,818$1,276$885$362
30 years$3,359$2,408$1,693$1,171$800$315
31 years$3,215$2,276$1,578$1,076$723$274
32 years$3,081$2,154$1,473$989$654$238
33 years$2,955$2,040$1,375$909$592$208
34 years$2,837$1,933$1,285$837$536$181
35 years$2,725$1,834$1,201$770$485$157
36 years$2,621$1,740$1,124$709$440$137
37 years$2,522$1,653$1,052$653$399$119
38 years$2,428$1,571$985$602$361$104
39 years$2,340$1,494$923$555$328$91
40 years$2,256$1,421$865$512$297$79
41 years$2,176$1,353$811$473$270$69
42 years$2,101$1,288$761$436$245$60
43 years$2,029$1,228$714$403$222$52
44 years$1,960$1,170$670$372$202$46
45 years$1,895$1,116$629$343$183$40
46 years$1,833$1,064$591$317$166$35
47 years$1,774$1,016$555$293$151$30
48 years$1,717$970$522$271$137$26
49 years$1,663$926$490$250$124$23
50 years$1,611$885$461$231$113$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,650,000, adding $6,206 every year, while hoping to spend $49,278 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: 67/11/22 Blend
64$1,650,000$1,650,000$1,650,000$1,650,000
65$1,824,701$1,737,251$1,711,676$1,936,376
66$1,958,390$1,769,945$1,716,586$2,044,744
67$2,104,062$1,802,590$1,720,009$2,156,979
68$2,262,890$1,835,130$1,721,843$2,278,558
69$2,436,161$1,867,507$1,721,980$2,410,400
70$2,625,293$1,899,659$1,720,310$2,553,521
71$2,831,847$1,931,516$1,716,714$2,709,038
72$3,057,540$1,963,005$1,711,069$2,878,183
73$3,304,265$1,994,048$1,703,246$3,062,314
74$3,574,104$2,024,560$1,693,108$3,262,929
75$3,869,349$2,054,451$1,680,515$3,481,678
76$4,192,526$2,083,623$1,665,315$3,720,380
77$4,546,416$2,111,972$1,647,355$3,981,041
78$4,934,078$2,139,387$1,626,470$4,265,871
79$5,358,887$2,165,749$1,602,489$4,577,308
80$5,824,553$2,190,931$1,575,233$4,918,037
81$6,335,169$2,214,797$1,544,514$5,291,021
82$6,895,237$2,237,203$1,510,136$5,699,524
83$7,509,719$2,257,994$1,471,894$6,147,145
84$8,184,081$2,277,006$1,429,572$6,637,851
85$8,924,341$2,294,063$1,382,946$7,176,015
86$9,737,130$2,308,979$1,331,781$7,766,459
87$10,629,752$2,321,554$1,275,831$8,414,497
88$11,610,254$2,331,578$1,214,839$9,125,987
89$12,687,500$2,338,825$1,148,536$9,907,386
90$13,871,255$2,343,057$1,076,642$10,765,815
91$15,172,276$2,344,019$998,862$11,709,119
92$16,602,414$2,341,443$914,891$12,745,948
93$18,174,728$2,335,041$824,407$13,885,838
94$19,903,602$2,324,510$727,076$15,139,300
95$21,804,886$2,309,527$622,549$16,517,917
96$23,896,040$2,289,750$510,461$18,034,462
97$26,196,304$2,264,816$390,430$19,703,010
98$28,726,876$2,234,340$262,058$21,539,078
99$31,511,111$2,197,916$124,930$23,559,769
100$34,574,741$2,155,111$0$25,783,935