Can I retire at age 65 with 1,720,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$142,036$140,771$139,536$138,332$137,155$136,177
2 years$70,315$69,005$67,736$66,506$65,312$64,325
3 years$46,411$45,096$43,830$42,611$41,437$40,472
4 years$34,461$33,150$31,897$30,699$29,553$28,618
5 years$27,293$25,990$24,753$23,580$22,466$21,564
6 years$22,516$21,223$20,004$18,857$17,776$16,908
7 years$19,106$17,823$16,624$15,503$14,457$13,623
8 years$16,549$15,278$14,098$13,005$11,993$11,193
9 years$14,561$13,302$12,143$11,078$10,100$9,334
10 years$12,972$11,725$10,586$9,549$8,606$7,873
11 years$11,672$10,438$9,320$8,310$7,401$6,702
12 years$10,590$9,369$8,271$7,289$6,414$5,747
13 years$9,675$8,466$7,390$6,435$5,593$4,957
14 years$8,892$7,696$6,640$5,713$4,903$4,298
15 years$8,213$7,030$5,995$5,095$4,317$3,742
16 years$7,620$6,450$5,435$4,562$3,815$3,270
17 years$7,098$5,940$4,946$4,099$3,383$2,866
18 years$6,633$5,489$4,515$3,694$3,008$2,518
19 years$6,219$5,087$4,133$3,338$2,681$2,218
20 years$5,846$4,727$3,793$3,023$2,395$1,957
21 years$5,509$4,403$3,489$2,743$2,143$1,730
22 years$5,203$4,110$3,216$2,494$1,921$1,531
23 years$4,924$3,844$2,969$2,272$1,724$1,357
24 years$4,669$3,602$2,746$2,072$1,550$1,204
25 years$4,434$3,380$2,543$1,892$1,395$1,069
26 years$4,218$3,177$2,359$1,730$1,256$951
27 years$4,019$2,990$2,190$1,584$1,133$846
28 years$3,834$2,817$2,036$1,451$1,022$753
29 years$3,661$2,658$1,895$1,331$923$671
30 years$3,501$2,510$1,765$1,221$834$598
31 years$3,352$2,373$1,645$1,121$754$533
32 years$3,212$2,245$1,535$1,031$682$476
33 years$3,080$2,126$1,433$948$617$425
34 years$2,957$2,015$1,339$872$559$379
35 years$2,841$1,911$1,252$803$506$338
36 years$2,732$1,814$1,171$739$459$302
37 years$2,629$1,723$1,096$681$416$270
38 years$2,531$1,637$1,027$628$377$241
39 years$2,439$1,557$962$579$342$216
40 years$2,352$1,481$902$534$310$193
41 years$2,269$1,410$845$493$281$172
42 years$2,190$1,343$793$455$255$154
43 years$2,115$1,280$744$420$232$138
44 years$2,044$1,220$699$388$210$123
45 years$1,976$1,163$656$358$191$110
46 years$1,911$1,110$616$331$173$99
47 years$1,849$1,059$579$305$157$88
48 years$1,790$1,011$544$282$143$79
49 years$1,733$965$511$261$130$71
50 years$1,679$922$481$241$118$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,720,000, adding $4,858 every year, while hoping to spend $36,128 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: 81/8/11 Blend
64$1,720,000$1,720,000$1,720,000$1,720,000
65$1,900,451$1,809,291$1,782,631$2,050,423
66$2,055,857$1,859,506$1,803,909$2,199,695
67$2,225,904$1,910,971$1,824,689$2,358,272
68$2,412,046$1,963,709$1,844,917$2,531,265
69$2,615,887$2,017,743$1,864,533$2,720,098
70$2,839,190$2,073,095$1,883,478$2,926,342
71$3,083,900$2,129,789$1,901,687$3,151,726
72$3,352,156$2,187,847$1,919,092$3,398,155
73$3,646,315$2,247,291$1,935,621$3,667,727
74$3,968,975$2,308,144$1,951,199$3,962,753
75$4,322,994$2,370,426$1,965,748$4,285,778
76$4,711,522$2,434,160$1,979,183$4,639,606
77$5,138,028$2,499,365$1,991,417$5,027,326
78$5,606,336$2,566,062$2,002,358$5,452,341
79$6,120,654$2,634,271$2,011,909$5,918,400
80$6,685,620$2,704,010$2,019,967$6,429,632
81$7,306,343$2,775,296$2,026,426$6,990,588
82$7,988,452$2,848,148$2,031,174$7,606,279
83$8,738,148$2,922,581$2,034,091$8,282,230
84$9,562,260$2,998,609$2,035,055$9,024,525
85$10,468,317$3,076,246$2,033,935$9,839,867
86$11,464,608$3,155,505$2,030,595$10,735,645
87$12,560,269$3,236,396$2,024,891$11,719,998
88$13,765,365$3,318,929$2,016,674$12,801,892
89$15,090,986$3,403,109$2,005,786$13,991,211
90$16,549,349$3,488,944$1,992,062$15,298,840
91$18,153,916$3,576,436$1,975,329$16,736,779
92$19,919,519$3,665,585$1,955,407$18,318,246
93$21,862,502$3,756,391$1,932,105$20,057,807
94$24,000,872$3,848,849$1,905,225$21,971,515
95$26,354,470$3,942,951$1,874,559$24,077,054
96$28,945,159$4,038,689$1,839,890$26,393,916
97$31,797,027$4,136,047$1,800,989$28,943,576
98$34,936,620$4,235,008$1,757,617$31,749,699
99$38,393,184$4,335,553$1,709,526$34,838,362
100$42,198,947$4,437,654$1,656,454$38,238,302