Can I retire at age 65 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$140,384$139,134$137,914$136,723$135,560$134,033
2 years$69,497$68,203$66,949$65,732$64,553$63,015
3 years$45,871$44,571$43,320$42,115$40,955$39,455
4 years$34,061$32,765$31,526$30,342$29,209$27,758
5 years$26,976$25,688$24,465$23,305$22,204$20,807
6 years$22,255$20,976$19,772$18,637$17,570$16,227
7 years$18,883$17,616$16,430$15,323$14,289$13,002
8 years$16,356$15,100$13,934$12,854$11,854$10,622
9 years$14,392$13,147$12,002$10,949$9,983$8,806
10 years$12,821$11,589$10,463$9,438$8,506$7,383
11 years$11,537$10,317$9,212$8,214$7,315$6,246
12 years$10,467$9,260$8,175$7,205$6,339$5,322
13 years$9,563$8,368$7,304$6,361$5,528$4,562
14 years$8,788$7,606$6,563$5,646$4,846$3,929
15 years$8,118$6,949$5,925$5,035$4,267$3,398
16 years$7,532$6,375$5,372$4,509$3,771$2,949
17 years$7,015$5,871$4,888$4,051$3,343$2,566
18 years$6,556$5,425$4,462$3,651$2,973$2,239
19 years$6,146$5,028$4,085$3,299$2,650$1,958
20 years$5,778$4,672$3,749$2,988$2,367$1,715
21 years$5,445$4,352$3,448$2,712$2,118$1,505
22 years$5,142$4,063$3,178$2,465$1,899$1,322
23 years$4,867$3,800$2,935$2,245$1,704$1,163
24 years$4,615$3,560$2,714$2,048$1,532$1,024
25 years$4,383$3,341$2,514$1,870$1,378$902
26 years$4,169$3,140$2,331$1,710$1,242$796
27 years$3,972$2,955$2,165$1,565$1,119$702
28 years$3,789$2,784$2,013$1,434$1,010$620
29 years$3,619$2,627$1,873$1,315$912$548
30 years$3,460$2,481$1,744$1,207$824$485
31 years$3,313$2,345$1,626$1,108$745$429
32 years$3,174$2,219$1,517$1,019$674$379
33 years$3,044$2,101$1,417$937$610$336
34 years$2,923$1,992$1,324$862$552$297
35 years$2,808$1,889$1,238$793$500$263
36 years$2,700$1,793$1,158$731$453$233
37 years$2,598$1,703$1,084$673$411$207
38 years$2,502$1,618$1,015$621$372$183
39 years$2,411$1,539$951$572$338$162
40 years$2,324$1,464$891$528$306$144
41 years$2,242$1,394$836$487$278$127
42 years$2,164$1,327$784$449$252$113
43 years$2,090$1,265$736$415$229$100
44 years$2,020$1,206$690$383$208$89
45 years$1,953$1,150$648$354$189$79
46 years$1,889$1,097$609$327$171$70
47 years$1,828$1,047$572$302$155$62
48 years$1,769$999$538$279$141$55
49 years$1,713$954$505$258$128$49
50 years$1,660$911$475$238$116$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,700,000, adding $4,490 every year, while hoping to spend $33,755 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: 34/39/27 Blend
64$1,700,000$1,700,000$1,700,000$1,700,000
65$1,878,031$1,787,931$1,761,581$1,926,391
66$2,033,676$1,839,625$1,784,679$2,014,849
67$2,204,064$1,892,720$1,807,420$2,106,829
68$2,390,665$1,947,250$1,829,755$2,205,359
69$2,595,096$2,003,248$1,851,635$2,311,046
70$2,819,137$2,060,749$1,873,006$2,424,555
71$3,064,750$2,119,786$1,893,812$2,546,620
72$3,334,094$2,180,395$1,913,994$2,678,048
73$3,629,548$2,242,611$1,933,490$2,819,728
74$3,953,733$2,306,470$1,952,233$2,972,638
75$4,309,535$2,372,009$1,970,154$3,137,854
76$4,700,133$2,439,263$1,987,179$3,316,562
77$5,129,030$2,508,269$2,003,233$3,510,069
78$5,600,082$2,579,066$2,018,233$3,719,813
79$6,117,541$2,651,691$2,032,094$3,947,376
80$6,686,087$2,726,181$2,044,726$4,194,505
81$7,310,879$2,802,574$2,056,035$4,463,121
82$7,997,598$2,880,909$2,065,922$4,755,341
83$8,752,504$2,961,225$2,074,281$5,073,496
84$9,582,493$3,043,559$2,081,004$5,420,157
85$10,495,165$3,127,951$2,085,974$5,798,153
86$11,498,889$3,214,438$2,089,072$6,210,604
87$12,602,890$3,303,060$2,090,170$6,660,946
88$13,817,329$3,393,854$2,089,135$7,152,964
89$15,153,402$3,486,859$2,085,827$7,690,831
90$16,623,447$3,582,112$2,080,099$8,279,143
91$18,241,054$3,679,651$2,071,798$8,922,965
92$20,021,200$3,779,513$2,060,763$9,627,880
93$21,980,388$3,881,734$2,046,824$10,400,038
94$24,136,799$3,986,351$2,029,804$11,246,217
95$26,510,468$4,093,398$2,009,518$12,173,885
96$29,123,471$4,202,909$1,985,771$13,191,276
97$32,000,131$4,314,917$1,958,360$14,307,458
98$35,167,251$4,429,455$1,927,073$15,532,428
99$38,654,366$4,546,554$1,891,684$16,877,203
100$42,494,018$4,666,241$1,851,963$18,353,923