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%12.5%
1 years$139,559$138,316$137,103$135,919$134,763$133,356
2 years$69,088$67,802$66,555$65,346$64,173$62,756
3 years$45,601$44,309$43,065$41,868$40,714$39,331
4 years$33,860$32,572$31,341$30,163$29,037$27,699
5 years$26,817$25,537$24,322$23,168$22,074$20,784
6 years$22,124$20,853$19,655$18,528$17,466$16,227
7 years$18,772$17,512$16,334$15,233$14,205$13,016
8 years$16,260$15,011$13,852$12,778$11,784$10,646
9 years$14,307$13,070$11,931$10,884$9,924$8,836
10 years$12,745$11,520$10,402$9,382$8,456$7,417
11 years$11,469$10,256$9,157$8,166$7,272$6,283
12 years$10,405$9,205$8,127$7,162$6,302$5,360
13 years$9,507$8,319$7,261$6,323$5,495$4,600
14 years$8,737$7,562$6,524$5,613$4,817$3,967
15 years$8,070$6,908$5,890$5,006$4,241$3,436
16 years$7,487$6,338$5,340$4,482$3,749$2,986
17 years$6,974$5,837$4,860$4,027$3,324$2,602
18 years$6,518$5,393$4,436$3,629$2,955$2,274
19 years$6,110$4,999$4,061$3,279$2,634$1,991
20 years$5,744$4,645$3,727$2,970$2,353$1,746
21 years$5,413$4,327$3,428$2,696$2,106$1,534
22 years$5,112$4,039$3,160$2,451$1,887$1,350
23 years$4,838$3,777$2,917$2,232$1,694$1,189
24 years$4,587$3,539$2,698$2,036$1,523$1,049
25 years$4,357$3,321$2,499$1,859$1,370$926
26 years$4,145$3,121$2,318$1,700$1,234$818
27 years$3,949$2,938$2,152$1,556$1,113$723
28 years$3,767$2,768$2,001$1,426$1,004$640
29 years$3,598$2,611$1,862$1,307$907$566
30 years$3,440$2,466$1,734$1,200$819$501
31 years$3,293$2,331$1,617$1,102$741$444
32 years$3,156$2,206$1,508$1,013$670$394
33 years$3,027$2,089$1,408$931$606$349
34 years$2,905$1,980$1,316$857$549$310
35 years$2,791$1,878$1,230$789$497$275
36 years$2,684$1,782$1,151$726$451$244
37 years$2,583$1,693$1,077$669$408$216
38 years$2,487$1,609$1,009$617$370$192
39 years$2,396$1,530$945$569$336$170
40 years$2,310$1,456$886$525$304$151
41 years$2,229$1,386$831$484$276$134
42 years$2,152$1,320$779$447$251$119
43 years$2,078$1,257$731$412$227$106
44 years$2,008$1,198$686$381$206$94
45 years$1,941$1,143$644$352$187$84
46 years$1,878$1,090$605$325$170$74
47 years$1,817$1,040$569$300$155$66
48 years$1,759$993$534$277$140$59
49 years$1,703$948$502$256$127$52
50 years$1,650$906$472$237$116$46

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 $2,720 every year, while hoping to spend $37,933 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: 62/31/7 Blend
64$1,690,000$1,690,000$1,690,000$1,690,000
65$1,865,186$1,775,616$1,749,421$1,978,117
66$2,015,074$1,822,260$1,767,666$2,100,502
67$2,178,980$1,869,919$1,785,251$2,229,362
68$2,358,293$1,918,602$1,802,114$2,369,033
69$2,554,543$1,968,318$1,818,189$2,520,558
70$2,769,415$2,019,074$1,833,407$2,685,086
71$3,004,765$2,070,878$1,847,695$2,863,883
72$3,262,636$2,123,736$1,860,978$3,058,340
73$3,545,278$2,177,653$1,873,174$3,269,992
74$3,855,170$2,232,632$1,884,200$3,500,527
75$4,195,042$2,288,676$1,893,965$3,751,804
76$4,567,900$2,345,784$1,902,377$4,025,871
77$4,977,057$2,403,958$1,909,336$4,324,984
78$5,426,158$2,463,194$1,914,741$4,651,626
79$5,919,224$2,523,488$1,918,482$5,008,535
80$6,460,679$2,584,834$1,920,446$5,398,724
81$7,055,401$2,647,223$1,920,513$5,825,513
82$7,708,759$2,710,644$1,918,558$6,292,560
83$8,426,672$2,775,085$1,914,449$6,803,894
84$9,215,658$2,840,530$1,908,049$7,363,953
85$10,082,899$2,906,959$1,899,212$7,977,629
86$11,036,306$2,974,352$1,887,787$8,650,310
87$12,084,597$3,042,683$1,873,616$9,387,930
88$13,237,376$3,111,924$1,856,531$10,197,032
89$14,505,222$3,182,042$1,836,359$11,084,821
90$15,899,794$3,253,002$1,812,917$12,059,237
91$17,433,936$3,324,762$1,786,013$13,129,030
92$19,121,801$3,397,278$1,755,447$14,303,839
93$20,978,979$3,470,500$1,721,009$15,594,288
94$23,022,653$3,544,372$1,682,481$17,012,080
95$25,271,752$3,618,835$1,639,632$18,570,114
96$27,747,134$3,693,820$1,592,223$20,282,601
97$30,471,781$3,769,257$1,540,002$22,165,202
98$33,471,017$3,845,065$1,482,706$24,235,176
99$36,772,745$3,921,157$1,420,061$26,511,538
100$40,407,711$3,997,440$1,351,780$29,015,245