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

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$138,733$137,497$136,291$135,115$133,966$132,843
2 years$68,680$67,401$66,161$64,959$63,793$62,662
3 years$45,332$44,047$42,810$41,620$40,473$39,368
4 years$33,660$32,379$31,155$29,985$28,866$27,795
5 years$26,659$25,386$24,178$23,031$21,943$20,911
6 years$21,993$20,729$19,539$18,418$17,363$16,370
7 years$18,661$17,408$16,237$15,143$14,121$13,167
8 years$16,164$14,922$13,770$12,703$11,714$10,801
9 years$14,222$12,993$11,860$10,820$9,865$8,991
10 years$12,670$11,452$10,340$9,327$8,406$7,570
11 years$11,401$10,195$9,103$8,117$7,229$6,432
12 years$10,344$9,151$8,079$7,120$6,265$5,505
13 years$9,450$8,270$7,218$6,286$5,463$4,739
14 years$8,685$7,517$6,485$5,580$4,789$4,101
15 years$8,022$6,867$5,855$4,976$4,216$3,563
16 years$7,443$6,300$5,309$4,456$3,726$3,107
17 years$6,932$5,802$4,831$4,003$3,304$2,718
18 years$6,479$5,361$4,410$3,608$2,938$2,383
19 years$6,074$4,969$4,037$3,260$2,619$2,094
20 years$5,710$4,617$3,705$2,953$2,339$1,844
21 years$5,381$4,301$3,408$2,680$2,093$1,626
22 years$5,082$4,015$3,141$2,436$1,876$1,436
23 years$4,810$3,755$2,900$2,219$1,684$1,270
24 years$4,560$3,518$2,682$2,024$1,514$1,124
25 years$4,331$3,302$2,484$1,848$1,362$996
26 years$4,120$3,103$2,304$1,690$1,227$884
27 years$3,925$2,920$2,139$1,547$1,106$784
28 years$3,744$2,752$1,989$1,417$998$697
29 years$3,576$2,596$1,851$1,300$901$619
30 years$3,420$2,452$1,724$1,193$814$550
31 years$3,274$2,318$1,607$1,095$736$490
32 years$3,137$2,193$1,500$1,007$666$436
33 years$3,009$2,077$1,400$926$603$388
34 years$2,888$1,968$1,308$852$546$345
35 years$2,775$1,867$1,223$784$494$308
36 years$2,668$1,772$1,144$722$448$274
37 years$2,567$1,683$1,071$665$406$244
38 years$2,472$1,599$1,003$613$368$218
39 years$2,382$1,521$940$565$334$194
40 years$2,297$1,447$881$522$303$173
41 years$2,216$1,377$826$481$275$154
42 years$2,139$1,312$775$444$249$138
43 years$2,066$1,250$727$410$226$123
44 years$1,996$1,191$682$379$205$110
45 years$1,930$1,136$641$350$186$98
46 years$1,866$1,084$602$323$169$87
47 years$1,806$1,034$565$298$154$78
48 years$1,748$987$531$276$140$69
49 years$1,693$943$499$255$127$62
50 years$1,640$901$469$235$115$55

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 $5,582 every year, while hoping to spend $24,759 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: 55/26/19 Blend
64$1,680,000$1,680,000$1,680,000$1,680,000
65$1,857,118$1,768,078$1,742,038$1,949,467
66$2,020,200$1,828,370$1,774,053$2,073,456
67$2,199,088$1,890,787$1,806,310$2,205,300
68$2,395,366$1,955,407$1,838,793$2,348,331
69$2,610,781$2,022,309$1,871,480$2,503,626
70$2,847,258$2,091,580$1,904,352$2,672,371
71$3,106,916$2,163,305$1,937,385$2,855,869
72$3,392,090$2,237,576$1,970,557$3,055,557
73$3,705,352$2,314,486$2,003,839$3,273,012
74$4,049,536$2,394,134$2,037,206$3,509,975
75$4,427,764$2,476,622$2,070,627$3,768,359
76$4,843,473$2,562,054$2,104,071$4,050,271
77$5,300,454$2,650,540$2,137,504$4,358,031
78$5,802,879$2,742,196$2,170,889$4,694,192
79$6,355,348$2,837,139$2,204,189$5,061,568
80$6,962,926$2,935,491$2,237,362$5,463,254
81$7,631,197$3,037,383$2,270,366$5,902,659
82$8,366,310$3,142,945$2,303,154$6,383,540
83$9,175,041$3,252,317$2,335,677$6,910,031
84$10,064,857$3,365,643$2,367,884$7,486,687
85$11,043,984$3,483,071$2,399,720$8,118,524
86$12,121,486$3,604,757$2,431,127$8,811,066
87$13,307,351$3,730,863$2,462,042$9,570,400
88$14,612,582$3,861,556$2,492,402$10,403,227
89$16,049,304$3,997,012$2,522,137$11,316,931
90$17,630,879$4,137,412$2,551,174$12,319,645
91$19,372,028$4,282,944$2,579,438$13,420,330
92$21,288,972$4,433,806$2,606,846$14,628,853
93$23,399,586$4,590,201$2,633,314$15,956,089
94$25,723,566$4,752,342$2,658,752$17,414,014
95$28,282,614$4,920,451$2,683,064$19,015,826
96$31,100,645$5,094,758$2,706,151$20,776,062
97$34,204,011$5,275,501$2,727,907$22,710,738
98$37,621,750$5,462,930$2,748,222$24,837,502
99$41,385,859$5,657,305$2,766,979$27,175,794
100$45,531,599$5,858,895$2,784,055$29,747,035