Can I retire at age 65 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$139,559$138,316$137,103$135,919$134,763$133,300
2 years$69,088$67,802$66,555$65,346$64,173$62,700
3 years$45,601$44,309$43,065$41,868$40,714$39,277
4 years$33,860$32,572$31,341$30,163$29,037$27,647
5 years$26,817$25,537$24,322$23,168$22,074$20,734
6 years$22,124$20,853$19,655$18,528$17,466$16,179
7 years$18,772$17,512$16,334$15,233$14,205$12,970
8 years$16,260$15,011$13,852$12,778$11,784$10,603
9 years$14,307$13,070$11,931$10,884$9,924$8,795
10 years$12,745$11,520$10,402$9,382$8,456$7,379
11 years$11,469$10,256$9,157$8,166$7,272$6,246
12 years$10,405$9,205$8,127$7,162$6,302$5,325
13 years$9,507$8,319$7,261$6,323$5,495$4,567
14 years$8,737$7,562$6,524$5,613$4,817$3,937
15 years$8,070$6,908$5,890$5,006$4,241$3,407
16 years$7,487$6,338$5,340$4,482$3,749$2,958
17 years$6,974$5,837$4,860$4,027$3,324$2,576
18 years$6,518$5,393$4,436$3,629$2,955$2,250
19 years$6,110$4,999$4,061$3,279$2,634$1,968
20 years$5,744$4,645$3,727$2,970$2,353$1,725
21 years$5,413$4,327$3,428$2,696$2,106$1,515
22 years$5,112$4,039$3,160$2,451$1,887$1,332
23 years$4,838$3,777$2,917$2,232$1,694$1,173
24 years$4,587$3,539$2,698$2,036$1,523$1,033
25 years$4,357$3,321$2,499$1,859$1,370$911
26 years$4,145$3,121$2,318$1,700$1,234$804
27 years$3,949$2,938$2,152$1,556$1,113$711
28 years$3,767$2,768$2,001$1,426$1,004$628
29 years$3,598$2,611$1,862$1,307$907$556
30 years$3,440$2,466$1,734$1,200$819$492
31 years$3,293$2,331$1,617$1,102$741$435
32 years$3,156$2,206$1,508$1,013$670$385
33 years$3,027$2,089$1,408$931$606$341
34 years$2,905$1,980$1,316$857$549$302
35 years$2,791$1,878$1,230$789$497$268
36 years$2,684$1,782$1,151$726$451$238
37 years$2,583$1,693$1,077$669$408$211
38 years$2,487$1,609$1,009$617$370$187
39 years$2,396$1,530$945$569$336$166
40 years$2,310$1,456$886$525$304$147
41 years$2,229$1,386$831$484$276$130
42 years$2,152$1,320$779$447$251$116
43 years$2,078$1,257$731$412$227$103
44 years$2,008$1,198$686$381$206$91
45 years$1,941$1,143$644$352$187$81
46 years$1,878$1,090$605$325$170$72
47 years$1,817$1,040$569$300$155$64
48 years$1,759$993$534$277$140$57
49 years$1,703$948$502$256$127$50
50 years$1,650$906$472$237$116$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,690,000, adding $3,590 every year, while hoping to spend $25,350 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: 40/47/13 Blend
64$1,690,000$1,690,000$1,690,000$1,690,000
65$1,866,083$1,776,513$1,750,318$1,933,355
66$2,029,451$1,836,590$1,781,982$2,041,333
67$2,208,634$1,898,761$1,813,856$2,155,310
68$2,405,216$1,963,102$1,845,922$2,278,053
69$2,620,946$2,029,692$1,878,158$2,410,370
70$2,857,748$2,098,612$1,910,542$2,553,147
71$3,117,741$2,169,948$1,943,048$2,707,356
72$3,403,262$2,243,786$1,975,652$2,874,066
73$3,716,883$2,320,220$2,008,324$3,054,453
74$4,061,437$2,399,343$2,041,035$3,249,810
75$4,440,047$2,481,254$2,073,754$3,461,556
76$4,856,152$2,566,056$2,106,445$3,691,254
77$5,313,542$2,653,854$2,139,072$3,940,621
78$5,816,390$2,744,760$2,171,598$4,211,547
79$6,369,295$2,838,887$2,203,980$4,506,110
80$6,977,326$2,936,355$2,236,176$4,826,597
81$7,646,064$3,037,287$2,268,139$5,175,523
82$8,381,660$3,141,812$2,299,819$5,555,656
83$9,190,892$3,250,063$2,331,165$5,970,044
84$10,081,226$3,362,179$2,362,122$6,422,037
85$11,060,889$3,478,304$2,392,632$6,915,326
86$12,138,946$3,598,588$2,422,631$7,453,972
87$13,325,386$3,723,185$2,452,056$8,042,445
88$14,631,212$3,852,258$2,480,837$8,685,669
89$16,068,552$3,985,975$2,508,901$9,389,060
90$17,650,766$4,124,510$2,536,172$10,158,584
91$19,392,578$4,268,045$2,562,567$11,000,810
92$21,310,210$4,416,768$2,588,002$11,922,970
93$23,421,537$4,570,876$2,612,386$12,933,029
94$25,746,257$4,730,572$2,635,624$14,039,756
95$28,306,074$4,896,068$2,657,616$15,252,811
96$31,124,903$5,067,585$2,678,256$16,582,829
97$34,229,099$5,245,353$2,697,433$18,041,527
98$37,647,701$5,429,608$2,715,031$19,641,806
99$41,412,708$5,620,600$2,730,926$21,397,878
100$45,559,381$5,818,587$2,744,989$23,325,395