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%11.9%
1 years$141,210$139,952$138,725$137,527$136,358$135,272
2 years$69,906$68,604$67,342$66,119$64,932$63,838
3 years$46,141$44,834$43,575$42,363$41,196$40,126
4 years$34,261$32,957$31,711$30,520$29,381$28,345
5 years$27,135$25,839$24,609$23,442$22,335$21,335
6 years$22,385$21,099$19,888$18,747$17,673$16,711
7 years$18,994$17,719$16,527$15,413$14,373$13,449
8 years$16,452$15,189$14,016$12,930$11,924$11,038
9 years$14,476$13,225$12,072$11,013$10,041$9,194
10 years$12,896$11,657$10,525$9,493$8,556$7,746
11 years$11,604$10,377$9,266$8,262$7,358$6,585
12 years$10,529$9,314$8,223$7,247$6,377$5,639
13 years$9,619$8,417$7,347$6,398$5,560$4,859
14 years$8,840$7,651$6,601$5,679$4,874$4,207
15 years$8,166$6,989$5,960$5,065$4,292$3,658
16 years$7,576$6,413$5,404$4,535$3,793$3,192
17 years$7,056$5,906$4,917$4,075$3,363$2,793
18 years$6,595$5,457$4,489$3,672$2,990$2,451
19 years$6,182$5,058$4,109$3,318$2,665$2,156
20 years$5,812$4,700$3,771$3,005$2,381$1,899
21 years$5,477$4,378$3,469$2,727$2,131$1,676
22 years$5,173$4,086$3,197$2,480$1,910$1,482
23 years$4,895$3,822$2,952$2,258$1,714$1,311
24 years$4,642$3,581$2,730$2,060$1,541$1,162
25 years$4,409$3,361$2,529$1,881$1,386$1,030
26 years$4,194$3,158$2,345$1,720$1,249$914
27 years$3,995$2,972$2,178$1,574$1,126$812
28 years$3,811$2,801$2,024$1,443$1,016$722
29 years$3,640$2,642$1,884$1,323$917$642
30 years$3,481$2,495$1,755$1,214$829$571
31 years$3,332$2,359$1,636$1,115$749$509
32 years$3,193$2,232$1,526$1,025$678$453
33 years$3,062$2,114$1,425$942$614$404
34 years$2,940$2,003$1,332$867$555$360
35 years$2,825$1,900$1,245$798$503$321
36 years$2,716$1,804$1,165$735$456$286
37 years$2,613$1,713$1,090$677$413$255
38 years$2,516$1,628$1,021$624$375$228
39 years$2,425$1,548$956$576$340$203
40 years$2,338$1,473$896$531$308$181
41 years$2,255$1,402$841$490$280$162
42 years$2,177$1,335$788$452$254$144
43 years$2,103$1,272$740$417$230$129
44 years$2,032$1,213$694$385$209$115
45 years$1,964$1,156$652$356$190$103
46 years$1,900$1,103$612$329$172$92
47 years$1,838$1,053$575$304$156$82
48 years$1,780$1,005$541$281$142$73
49 years$1,723$960$508$259$129$65
50 years$1,670$917$478$240$117$58

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 $4,686 every year, while hoping to spend $35,044 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: 60/29/11 Blend
64$1,710,000$1,710,000$1,710,000$1,710,000
65$1,889,254$1,798,624$1,772,119$1,997,415
66$2,044,671$1,849,470$1,794,198$2,121,486
67$2,214,766$1,901,633$1,815,843$2,252,375
68$2,401,000$1,955,140$1,837,001$2,394,292
69$2,604,980$2,010,020$1,857,618$2,548,301
70$2,828,476$2,066,299$1,877,637$2,715,575
71$3,073,440$2,124,007$1,896,997$2,897,406
72$3,342,018$2,183,171$1,915,634$3,095,216
73$3,636,577$2,243,819$1,933,480$3,310,568
74$3,959,721$2,305,979$1,950,465$3,545,188
75$4,314,321$2,369,680$1,966,514$3,800,971
76$4,703,537$2,434,950$1,981,547$4,080,008
77$5,130,851$2,501,817$1,995,483$4,384,601
78$5,600,100$2,570,307$2,008,234$4,717,284
79$6,115,508$2,640,450$2,019,707$5,080,849
80$6,681,729$2,712,272$2,029,807$5,478,371
81$7,303,893$2,785,800$2,038,432$5,913,237
82$7,987,646$2,861,061$2,045,476$6,389,179
83$8,739,213$2,938,080$2,050,827$6,910,306
84$9,565,451$3,016,884$2,054,367$7,481,147
85$10,473,911$3,097,496$2,055,973$8,106,689
86$11,472,918$3,179,940$2,055,516$8,792,428
87$12,571,639$3,264,241$2,052,859$9,544,418
88$13,780,177$3,350,420$2,047,861$10,369,330
89$15,109,662$3,438,497$2,040,371$11,274,512
90$16,572,358$3,528,494$2,030,234$12,268,061
91$18,181,776$3,620,428$2,017,284$13,358,899
92$19,952,804$3,714,316$2,001,351$14,556,855
93$21,901,847$3,810,174$1,982,253$15,872,760
94$24,046,979$3,908,016$1,959,802$17,318,548
95$26,408,115$4,007,853$1,933,799$18,907,368
96$29,007,200$4,109,695$1,904,038$20,653,709
97$31,868,413$4,213,549$1,870,303$22,573,537
98$35,018,398$4,319,420$1,832,365$24,684,444
99$38,486,513$4,427,310$1,789,987$27,005,816
100$42,305,107$4,537,218$1,742,922$29,559,013