Can I retire at age 65 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$141,210$139,952$138,725$137,527$136,358$131,940
2 years$69,906$68,604$67,342$66,119$64,932$60,523
3 years$46,141$44,834$43,575$42,363$41,196$36,933
4 years$34,261$32,957$31,711$30,520$29,381$25,298
5 years$27,135$25,839$24,609$23,442$22,335$18,442
6 years$22,385$21,099$19,888$18,747$17,673$13,974
7 years$18,994$17,719$16,527$15,413$14,373$10,867
8 years$16,452$15,189$14,016$12,930$11,924$8,608
9 years$14,476$13,225$12,072$11,013$10,041$6,913
10 years$12,896$11,657$10,525$9,493$8,556$5,609
11 years$11,604$10,377$9,266$8,262$7,358$4,588
12 years$10,529$9,314$8,223$7,247$6,377$3,777
13 years$9,619$8,417$7,347$6,398$5,560$3,125
14 years$8,840$7,651$6,601$5,679$4,874$2,596
15 years$8,166$6,989$5,960$5,065$4,292$2,164
16 years$7,576$6,413$5,404$4,535$3,793$1,809
17 years$7,056$5,906$4,917$4,075$3,363$1,515
18 years$6,595$5,457$4,489$3,672$2,990$1,272
19 years$6,182$5,058$4,109$3,318$2,665$1,069
20 years$5,812$4,700$3,771$3,005$2,381$900
21 years$5,477$4,378$3,469$2,727$2,131$758
22 years$5,173$4,086$3,197$2,480$1,910$639
23 years$4,895$3,822$2,952$2,258$1,714$540
24 years$4,642$3,581$2,730$2,060$1,541$456
25 years$4,409$3,361$2,529$1,881$1,386$385
26 years$4,194$3,158$2,345$1,720$1,249$326
27 years$3,995$2,972$2,178$1,574$1,126$275
28 years$3,811$2,801$2,024$1,443$1,016$233
29 years$3,640$2,642$1,884$1,323$917$197
30 years$3,481$2,495$1,755$1,214$829$167
31 years$3,332$2,359$1,636$1,115$749$141
32 years$3,193$2,232$1,526$1,025$678$120
33 years$3,062$2,114$1,425$942$614$101
34 years$2,940$2,003$1,332$867$555$86
35 years$2,825$1,900$1,245$798$503$73
36 years$2,716$1,804$1,165$735$456$62
37 years$2,613$1,713$1,090$677$413$52
38 years$2,516$1,628$1,021$624$375$44
39 years$2,425$1,548$956$576$340$37
40 years$2,338$1,473$896$531$308$32
41 years$2,255$1,402$841$490$280$27
42 years$2,177$1,335$788$452$254$23
43 years$2,103$1,272$740$417$230$19
44 years$2,032$1,213$694$385$209$16
45 years$1,964$1,156$652$356$190$14
46 years$1,900$1,103$612$329$172$12
47 years$1,838$1,053$575$304$156$10
48 years$1,780$1,005$541$281$142$8
49 years$1,723$960$508$259$129$7
50 years$1,670$917$478$240$117$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,710,000, adding $3,609 every year, while hoping to spend $53,027 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: 58/12/30 Blend
64$1,710,000$1,710,000$1,710,000$1,710,000
65$1,888,143$1,797,513$1,771,008$1,981,918
66$2,024,313$1,829,170$1,773,916$2,078,355
67$2,172,595$1,860,602$1,775,145$2,177,602
68$2,334,169$1,891,741$1,774,581$2,284,757
69$2,510,333$1,922,515$1,772,108$2,400,602
70$2,702,514$1,952,846$1,767,601$2,526,004
71$2,912,287$1,982,651$1,760,932$2,661,917
72$3,141,380$2,011,841$1,751,963$2,809,394
73$3,391,701$2,040,321$1,740,554$2,969,598
74$3,665,346$2,067,988$1,726,554$3,143,808
75$3,964,625$2,094,733$1,709,807$3,333,441
76$4,292,081$2,120,439$1,690,150$3,540,055
77$4,650,514$2,144,982$1,667,411$3,765,372
78$5,043,007$2,168,227$1,641,410$4,011,291
79$5,472,956$2,190,033$1,611,960$4,279,905
80$5,944,101$2,210,247$1,578,863$4,573,524
81$6,460,558$2,228,708$1,541,914$4,894,697
82$7,026,864$2,245,244$1,500,898$5,246,234
83$7,648,014$2,259,671$1,455,588$5,631,235
84$8,329,510$2,271,794$1,405,749$6,053,120
85$9,077,414$2,281,404$1,351,134$6,515,659
86$9,898,399$2,288,282$1,291,486$7,023,013
87$10,799,820$2,292,193$1,226,536$7,579,768
88$11,789,777$2,292,886$1,156,000$8,190,982
89$12,877,194$2,290,097$1,079,586$8,862,236
90$14,071,901$2,283,544$996,985$9,599,682
91$15,384,726$2,272,930$907,875$10,410,104
92$16,827,601$2,257,936$811,922$11,300,983
93$18,413,668$2,238,226$708,773$12,280,571
94$20,157,408$2,213,445$598,063$13,357,963
95$22,074,774$2,183,215$479,408$14,543,190
96$24,183,343$2,147,134$352,410$15,847,314
97$26,502,479$2,104,779$216,652$17,282,528
98$29,053,520$2,055,701$71,697$18,862,278
99$31,859,971$1,999,423$0$20,601,390
100$34,947,735$1,935,441$0$22,542,775