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%15.5%
1 years$139,559$138,316$137,103$135,919$134,763$131,719
2 years$69,088$67,802$66,555$65,346$64,173$61,123
3 years$45,601$44,309$43,065$41,868$40,714$37,752
4 years$33,860$32,572$31,341$30,163$29,037$26,188
5 years$26,817$25,537$24,322$23,168$22,074$19,344
6 years$22,124$20,853$19,655$18,528$17,466$14,858
7 years$18,772$17,512$16,334$15,233$14,205$11,720
8 years$16,260$15,011$13,852$12,778$11,784$9,421
9 years$14,307$13,070$11,931$10,884$9,924$7,681
10 years$12,745$11,520$10,402$9,382$8,456$6,331
11 years$11,469$10,256$9,157$8,166$7,272$5,262
12 years$10,405$9,205$8,127$7,162$6,302$4,404
13 years$9,507$8,319$7,261$6,323$5,495$3,706
14 years$8,737$7,562$6,524$5,613$4,817$3,132
15 years$8,070$6,908$5,890$5,006$4,241$2,657
16 years$7,487$6,338$5,340$4,482$3,749$2,261
17 years$6,974$5,837$4,860$4,027$3,324$1,929
18 years$6,518$5,393$4,436$3,629$2,955$1,649
19 years$6,110$4,999$4,061$3,279$2,634$1,412
20 years$5,744$4,645$3,727$2,970$2,353$1,212
21 years$5,413$4,327$3,428$2,696$2,106$1,041
22 years$5,112$4,039$3,160$2,451$1,887$895
23 years$4,838$3,777$2,917$2,232$1,694$770
24 years$4,587$3,539$2,698$2,036$1,523$664
25 years$4,357$3,321$2,499$1,859$1,370$572
26 years$4,145$3,121$2,318$1,700$1,234$493
27 years$3,949$2,938$2,152$1,556$1,113$426
28 years$3,767$2,768$2,001$1,426$1,004$368
29 years$3,598$2,611$1,862$1,307$907$318
30 years$3,440$2,466$1,734$1,200$819$274
31 years$3,293$2,331$1,617$1,102$741$237
32 years$3,156$2,206$1,508$1,013$670$205
33 years$3,027$2,089$1,408$931$606$177
34 years$2,905$1,980$1,316$857$549$153
35 years$2,791$1,878$1,230$789$497$133
36 years$2,684$1,782$1,151$726$451$115
37 years$2,583$1,693$1,077$669$408$99
38 years$2,487$1,609$1,009$617$370$86
39 years$2,396$1,530$945$569$336$74
40 years$2,310$1,456$886$525$304$64
41 years$2,229$1,386$831$484$276$56
42 years$2,152$1,320$779$447$251$48
43 years$2,078$1,257$731$412$227$42
44 years$2,008$1,198$686$381$206$36
45 years$1,941$1,143$644$352$187$31
46 years$1,878$1,090$605$325$170$27
47 years$1,817$1,040$569$300$155$23
48 years$1,759$993$534$277$140$20
49 years$1,703$948$502$256$127$18
50 years$1,650$906$472$237$116$15

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 $2,382 every year, while hoping to spend $28,191 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: 68/23/9 Blend
64$1,690,000$1,690,000$1,690,000$1,690,000
65$1,864,837$1,775,267$1,749,072$1,988,237
66$2,025,055$1,832,260$1,777,671$2,127,424
67$2,200,671$1,891,101$1,806,283$2,275,960
68$2,393,225$1,951,851$1,834,879$2,437,651
69$2,604,414$2,014,571$1,863,428$2,613,780
70$2,836,108$2,079,329$1,891,896$2,805,761
71$3,090,365$2,146,189$1,920,248$3,015,148
72$3,369,452$2,215,223$1,948,447$3,243,656
73$3,675,868$2,286,501$1,976,452$3,493,170
74$4,012,365$2,360,098$2,004,221$3,765,765
75$4,381,974$2,436,090$2,031,710$4,063,728
76$4,788,034$2,514,557$2,058,871$4,389,575
77$5,234,223$2,595,580$2,085,653$4,746,079
78$5,724,595$2,679,244$2,112,003$5,136,292
79$6,263,613$2,765,637$2,137,865$5,563,575
80$6,856,198$2,854,850$2,163,180$6,031,631
81$7,507,768$2,946,975$2,187,884$6,544,538
82$8,224,293$3,042,110$2,211,911$7,106,788
83$9,012,352$3,140,354$2,235,191$7,723,326
84$9,879,192$3,241,811$2,257,650$8,399,603
85$10,832,798$3,346,589$2,279,210$9,141,621
86$11,881,969$3,454,798$2,299,789$9,955,992
87$13,036,399$3,566,552$2,319,301$10,850,000
88$14,306,769$3,681,970$2,337,654$11,831,670
89$15,704,846$3,801,173$2,354,753$12,909,840
90$17,243,600$3,924,290$2,370,497$14,094,251
91$18,937,317$4,051,450$2,384,778$15,395,629
92$20,801,742$4,182,790$2,397,487$16,825,797
93$22,854,222$4,318,449$2,408,505$18,397,776
94$25,113,872$4,458,573$2,417,710$20,125,914
95$27,601,755$4,603,311$2,424,971$22,026,018
96$30,341,080$4,752,818$2,430,153$24,115,506
97$33,357,419$4,907,256$2,433,113$26,413,567
98$36,678,955$5,066,790$2,433,700$28,941,345
99$40,336,737$5,231,592$2,431,759$31,722,136
100$44,364,985$5,401,840$2,427,122$34,781,607