Can I retire at age 65 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$138,733$137,497$136,291$135,115$133,966$132,073
2 years$68,680$67,401$66,161$64,959$63,793$61,890
3 years$45,332$44,047$42,810$41,620$40,473$38,618
4 years$33,660$32,379$31,155$29,985$28,866$27,074
5 years$26,659$25,386$24,178$23,031$21,943$20,220
6 years$21,993$20,729$19,539$18,418$17,363$15,709
7 years$18,661$17,408$16,237$15,143$14,121$12,538
8 years$16,164$14,922$13,770$12,703$11,714$10,202
9 years$14,222$12,993$11,860$10,820$9,865$8,423
10 years$12,670$11,452$10,340$9,327$8,406$7,032
11 years$11,401$10,195$9,103$8,117$7,229$5,923
12 years$10,344$9,151$8,079$7,120$6,265$5,025
13 years$9,450$8,270$7,218$6,286$5,463$4,287
14 years$8,685$7,517$6,485$5,580$4,789$3,675
15 years$8,022$6,867$5,855$4,976$4,216$3,163
16 years$7,443$6,300$5,309$4,456$3,726$2,732
17 years$6,932$5,802$4,831$4,003$3,304$2,366
18 years$6,479$5,361$4,410$3,608$2,938$2,054
19 years$6,074$4,969$4,037$3,260$2,619$1,787
20 years$5,710$4,617$3,705$2,953$2,339$1,557
21 years$5,381$4,301$3,408$2,680$2,093$1,359
22 years$5,082$4,015$3,141$2,436$1,876$1,188
23 years$4,810$3,755$2,900$2,219$1,684$1,039
24 years$4,560$3,518$2,682$2,024$1,514$910
25 years$4,331$3,302$2,484$1,848$1,362$798
26 years$4,120$3,103$2,304$1,690$1,227$700
27 years$3,925$2,920$2,139$1,547$1,106$614
28 years$3,744$2,752$1,989$1,417$998$539
29 years$3,576$2,596$1,851$1,300$901$474
30 years$3,420$2,452$1,724$1,193$814$417
31 years$3,274$2,318$1,607$1,095$736$366
32 years$3,137$2,193$1,500$1,007$666$322
33 years$3,009$2,077$1,400$926$603$284
34 years$2,888$1,968$1,308$852$546$250
35 years$2,775$1,867$1,223$784$494$220
36 years$2,668$1,772$1,144$722$448$193
37 years$2,567$1,683$1,071$665$406$170
38 years$2,472$1,599$1,003$613$368$150
39 years$2,382$1,521$940$565$334$132
40 years$2,297$1,447$881$522$303$116
41 years$2,216$1,377$826$481$275$103
42 years$2,139$1,312$775$444$249$90
43 years$2,066$1,250$727$410$226$80
44 years$1,996$1,191$682$379$205$70
45 years$1,930$1,136$641$350$186$62
46 years$1,866$1,084$602$323$169$55
47 years$1,806$1,034$565$298$154$48
48 years$1,748$987$531$276$140$42
49 years$1,693$943$499$255$127$37
50 years$1,640$901$469$235$115$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,680,000, adding $4,493 every year, while hoping to spend $59,853 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: 46/28/26 Blend
64$1,680,000$1,680,000$1,680,000$1,680,000
65$1,855,995$1,766,955$1,740,915$1,927,310
66$1,981,623$1,789,852$1,735,552$2,001,016
67$2,118,059$1,811,866$1,728,004$2,074,755
68$2,266,343$1,832,889$1,718,134$2,153,589
69$2,427,617$1,852,808$1,705,798$2,238,026
70$2,603,140$1,871,501$1,690,848$2,328,628
71$2,794,295$1,888,839$1,673,126$2,426,017
72$3,002,605$1,904,684$1,652,468$2,530,879
73$3,229,746$1,918,890$1,628,702$2,643,975
74$3,477,564$1,931,299$1,601,647$2,766,146
75$3,748,088$1,941,745$1,571,114$2,898,323
76$4,043,554$1,950,051$1,536,907$3,041,532
77$4,366,421$1,956,029$1,498,819$3,196,911
78$4,719,400$1,959,478$1,456,633$3,365,716
79$5,105,472$1,960,185$1,410,123$3,549,335
80$5,527,921$1,957,925$1,359,053$3,749,304
81$5,990,363$1,952,458$1,303,176$3,967,319
82$6,496,780$1,943,528$1,242,232$4,205,255
83$7,051,556$1,930,866$1,175,952$4,465,181
84$7,659,521$1,914,185$1,104,053$4,749,387
85$8,325,993$1,893,180$1,026,239$5,060,399
86$9,056,829$1,867,530$942,202$5,401,010
87$9,858,480$1,836,894$851,620$5,774,303
88$10,738,051$1,800,908$754,156$6,183,683
89$11,703,370$1,759,191$649,458$6,632,911
90$12,763,058$1,711,335$537,159$7,126,140
91$13,926,611$1,656,912$416,875$7,667,954
92$15,204,491$1,595,466$288,206$8,263,417
93$16,608,222$1,526,516$150,734$8,918,115
94$18,150,499$1,449,554$4,021$9,638,219
95$19,845,307$1,364,039$0$10,430,537
96$21,708,055$1,269,404$0$11,344,905
97$23,755,716$1,165,045$0$12,351,239
98$26,006,993$1,050,325$0$13,457,715
99$28,482,488$924,573$0$14,674,578
100$31,204,901$787,076$0$16,013,125