Can I retire at age 65 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$143,688$142,408$141,159$139,940$138,750$137,991
2 years$71,132$69,808$68,524$67,279$66,071$65,306
3 years$46,951$45,620$44,339$43,106$41,918$41,170
4 years$34,862$33,536$32,268$31,056$29,897$29,170
5 years$27,611$26,292$25,041$23,854$22,727$22,026
6 years$22,778$21,470$20,237$19,076$17,983$17,307
7 years$19,328$18,030$16,817$15,683$14,625$13,975
8 years$16,741$15,455$14,262$13,156$12,133$11,509
9 years$14,730$13,457$12,284$11,206$10,218$9,620
10 years$13,122$11,861$10,709$9,660$8,706$8,134
11 years$11,808$10,559$9,428$8,407$7,487$6,940
12 years$10,713$9,478$8,367$7,374$6,488$5,966
13 years$9,788$8,565$7,476$6,510$5,658$5,160
14 years$8,995$7,785$6,717$5,779$4,960$4,485
15 years$8,309$7,112$6,065$5,154$4,367$3,916
16 years$7,709$6,525$5,498$4,615$3,860$3,431
17 years$7,180$6,009$5,003$4,146$3,422$3,015
18 years$6,711$5,553$4,567$3,737$3,043$2,657
19 years$6,291$5,146$4,181$3,376$2,712$2,346
20 years$5,914$4,782$3,837$3,058$2,423$2,076
21 years$5,573$4,455$3,530$2,775$2,168$1,841
22 years$5,263$4,158$3,253$2,523$1,943$1,634
23 years$4,981$3,889$3,004$2,298$1,744$1,453
24 years$4,723$3,644$2,778$2,096$1,568$1,293
25 years$4,486$3,419$2,573$1,914$1,411$1,152
26 years$4,267$3,214$2,386$1,750$1,271$1,027
27 years$4,065$3,025$2,216$1,602$1,146$917
28 years$3,878$2,850$2,060$1,468$1,034$819
29 years$3,704$2,689$1,917$1,346$934$732
30 years$3,542$2,539$1,786$1,235$843$655
31 years$3,391$2,400$1,665$1,135$763$586
32 years$3,249$2,271$1,553$1,043$690$524
33 years$3,116$2,151$1,450$959$624$469
34 years$2,991$2,039$1,355$882$565$420
35 years$2,874$1,934$1,267$812$512$377
36 years$2,764$1,835$1,185$748$464$338
37 years$2,659$1,743$1,109$689$420$303
38 years$2,561$1,656$1,039$635$381$271
39 years$2,467$1,575$973$586$346$243
40 years$2,379$1,499$912$540$313$218
41 years$2,295$1,427$855$498$284$196
42 years$2,215$1,359$802$460$258$176
43 years$2,139$1,294$753$425$234$158
44 years$2,067$1,234$707$392$213$142
45 years$1,999$1,177$664$362$193$127
46 years$1,933$1,122$623$334$175$114
47 years$1,871$1,071$585$309$159$102
48 years$1,811$1,023$550$286$145$92
49 years$1,754$977$517$264$131$83
50 years$1,699$933$486$244$119$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,740,000, adding $6,712 every year, while hoping to spend $52,752 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: 66/20/14 Blend
64$1,740,000$1,740,000$1,740,000$1,740,000
65$1,924,403$1,832,183$1,805,213$2,044,679
66$2,064,565$1,865,833$1,809,560$2,159,468
67$2,217,255$1,899,363$1,812,285$2,278,096
68$2,383,695$1,932,712$1,813,277$2,406,441
69$2,565,232$1,965,814$1,812,421$2,545,451
70$2,763,344$1,998,598$1,809,596$2,696,170
71$2,979,663$2,030,987$1,804,675$2,859,750
72$3,215,981$2,062,898$1,797,525$3,037,458
73$3,474,274$2,094,243$1,788,005$3,230,693
74$3,756,717$2,124,928$1,775,969$3,440,995
75$4,065,702$2,154,850$1,761,265$3,670,062
76$4,403,867$2,183,901$1,743,731$3,919,765
77$4,774,114$2,211,964$1,723,198$4,192,167
78$5,179,640$2,238,916$1,699,491$4,489,541
79$5,623,963$2,264,623$1,672,424$4,814,394
80$6,110,962$2,288,944$1,641,805$5,169,486
81$6,644,905$2,311,728$1,607,430$5,557,863
82$7,230,495$2,332,812$1,569,089$5,982,881
83$7,872,911$2,352,025$1,526,559$6,448,238
84$8,577,858$2,369,185$1,479,609$6,958,012
85$9,351,620$2,384,095$1,427,996$7,516,698
86$10,201,119$2,396,549$1,371,467$8,129,250
87$11,133,979$2,406,326$1,309,757$8,801,129
88$12,158,599$2,413,191$1,242,589$9,538,355
89$13,284,233$2,416,894$1,169,672$10,347,563
90$14,521,073$2,417,170$1,090,705$11,236,069
91$15,880,350$2,413,738$1,005,370$12,211,936
92$17,374,433$2,406,299$913,338$13,284,050
93$19,016,953$2,394,536$814,263$14,462,208
94$20,822,925$2,378,111$707,784$15,757,210
95$22,808,894$2,356,668$593,524$17,180,958
96$24,993,085$2,329,829$471,091$18,746,573
97$27,395,580$2,297,191$340,073$20,468,519
98$30,038,506$2,258,330$200,043$22,362,736
99$32,946,240$2,212,795$50,551$24,446,796
100$36,145,644$2,160,109$0$26,740,069