Can I retire at age 65 with 1,670,000?

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 $1,670,000?

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$137,907$136,679$135,480$134,310$133,168$130,586
2 years$68,271$66,999$65,767$64,572$63,413$60,823
3 years$45,062$43,785$42,556$41,372$40,232$37,713
4 years$33,460$32,186$30,970$29,806$28,694$26,266
5 years$26,500$25,235$24,034$22,894$21,813$19,483
6 years$21,862$20,606$19,423$18,309$17,260$15,031
7 years$18,550$17,305$16,140$15,052$14,037$11,910
8 years$16,068$14,833$13,688$12,627$11,645$9,618
9 years$14,138$12,915$11,790$10,756$9,807$7,880
10 years$12,595$11,384$10,279$9,271$8,356$6,527
11 years$11,333$10,135$9,049$8,069$7,186$5,453
12 years$10,282$9,096$8,031$7,077$6,227$4,587
13 years$9,394$8,220$7,175$6,248$5,430$3,880
14 years$8,633$7,472$6,447$5,547$4,760$3,297
15 years$7,975$6,826$5,821$4,947$4,191$2,813
16 years$7,399$6,263$5,277$4,429$3,704$2,407
17 years$6,891$5,768$4,802$3,980$3,284$2,065
18 years$6,441$5,330$4,384$3,586$2,920$1,776
19 years$6,038$4,939$4,013$3,241$2,603$1,530
20 years$5,676$4,590$3,683$2,935$2,325$1,321
21 years$5,349$4,275$3,388$2,664$2,081$1,141
22 years$5,052$3,991$3,122$2,422$1,865$988
23 years$4,781$3,733$2,883$2,206$1,674$855
24 years$4,533$3,497$2,666$2,012$1,505$742
25 years$4,306$3,282$2,469$1,837$1,354$643
26 years$4,096$3,084$2,290$1,680$1,220$558
27 years$3,902$2,903$2,127$1,538$1,100$485
28 years$3,722$2,735$1,977$1,409$992$422
29 years$3,555$2,580$1,840$1,292$896$367
30 years$3,399$2,437$1,714$1,186$810$319
31 years$3,254$2,304$1,598$1,089$732$277
32 years$3,118$2,180$1,491$1,001$662$241
33 years$2,991$2,064$1,392$920$599$210
34 years$2,871$1,957$1,300$847$542$183
35 years$2,758$1,856$1,216$779$491$159
36 years$2,652$1,761$1,137$718$445$139
37 years$2,552$1,673$1,065$661$403$121
38 years$2,458$1,590$997$610$366$105
39 years$2,368$1,512$934$562$332$92
40 years$2,283$1,438$875$518$301$80
41 years$2,203$1,369$821$478$273$70
42 years$2,126$1,304$770$441$248$61
43 years$2,053$1,242$723$408$225$53
44 years$1,984$1,184$678$376$204$46
45 years$1,918$1,129$637$347$185$40
46 years$1,855$1,077$598$321$168$35
47 years$1,795$1,028$562$297$153$31
48 years$1,738$981$528$274$139$27
49 years$1,683$937$496$253$126$23
50 years$1,631$895$467$234$114$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,670,000, adding $3,970 every year, while hoping to spend $52,623 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: 46/31/23 Blend
64$1,670,000$1,670,000$1,670,000$1,670,000
65$1,844,435$1,755,925$1,730,040$1,916,944
66$1,976,577$1,785,975$1,732,006$1,998,363
67$2,120,434$1,815,734$1,732,274$2,081,151
68$2,277,144$1,845,131$1,730,732$2,169,911
69$2,447,963$1,874,092$1,727,261$2,265,226
70$2,634,270$1,902,537$1,721,739$2,367,741
71$2,837,583$1,930,379$1,714,035$2,478,167
72$3,059,575$1,957,526$1,704,013$2,597,288
73$3,302,085$1,983,879$1,691,531$2,725,973
74$3,567,140$2,009,331$1,676,440$2,865,177
75$3,856,970$2,033,770$1,658,583$3,015,958
76$4,174,032$2,057,076$1,637,796$3,179,483
77$4,521,029$2,079,118$1,613,907$3,357,040
78$4,900,938$2,099,759$1,586,738$3,550,051
79$5,317,040$2,118,853$1,556,099$3,760,086
80$5,772,944$2,136,243$1,521,795$3,988,878
81$6,272,628$2,151,763$1,483,619$4,238,340
82$6,820,471$2,165,234$1,441,355$4,510,584
83$7,421,297$2,176,469$1,394,779$4,807,939
84$8,080,420$2,185,266$1,343,654$5,132,978
85$8,803,690$2,191,412$1,287,734$5,488,539
86$9,597,555$2,194,680$1,226,762$5,877,757
87$10,469,115$2,194,828$1,160,467$6,304,086
88$11,426,191$2,191,601$1,088,569$6,771,343
89$12,477,399$2,184,726$1,010,773$7,283,737
90$13,632,231$2,173,915$926,772$7,845,913
91$14,901,144$2,158,862$836,243$8,462,995
92$16,295,656$2,139,241$738,853$9,140,638
93$17,828,457$2,114,709$634,249$9,885,079
94$19,513,530$2,084,900$522,067$10,703,201
95$21,366,278$2,049,427$401,923$11,602,595
96$23,403,670$2,007,881$273,419$12,591,636
97$25,644,404$1,959,827$136,139$13,679,562
98$28,109,080$1,904,806$0$14,876,563
99$30,820,395$1,842,330$0$16,196,423
100$33,803,356$1,771,885$0$17,684,813