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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$143,688$142,408$141,159$139,940$138,750$136,395
2 years$71,132$69,808$68,524$67,279$66,071$63,706
3 years$46,951$45,620$44,339$43,106$41,918$39,617
4 years$34,862$33,536$32,268$31,056$29,897$27,676
5 years$27,611$26,292$25,041$23,854$22,727$20,594
6 years$22,778$21,470$20,237$19,076$17,983$15,939
7 years$19,328$18,030$16,817$15,683$14,625$12,672
8 years$16,741$15,455$14,262$13,156$12,133$10,270
9 years$14,730$13,457$12,284$11,206$10,218$8,443
10 years$13,122$11,861$10,709$9,660$8,706$7,019
11 years$11,808$10,559$9,428$8,407$7,487$5,886
12 years$10,713$9,478$8,367$7,374$6,488$4,971
13 years$9,788$8,565$7,476$6,510$5,658$4,222
14 years$8,995$7,785$6,717$5,779$4,960$3,602
15 years$8,309$7,112$6,065$5,154$4,367$3,086
16 years$7,709$6,525$5,498$4,615$3,860$2,652
17 years$7,180$6,009$5,003$4,146$3,422$2,285
18 years$6,711$5,553$4,567$3,737$3,043$1,974
19 years$6,291$5,146$4,181$3,376$2,712$1,708
20 years$5,914$4,782$3,837$3,058$2,423$1,481
21 years$5,573$4,455$3,530$2,775$2,168$1,286
22 years$5,263$4,158$3,253$2,523$1,943$1,118
23 years$4,981$3,889$3,004$2,298$1,744$972
24 years$4,723$3,644$2,778$2,096$1,568$847
25 years$4,486$3,419$2,573$1,914$1,411$738
26 years$4,267$3,214$2,386$1,750$1,271$644
27 years$4,065$3,025$2,216$1,602$1,146$562
28 years$3,878$2,850$2,060$1,468$1,034$491
29 years$3,704$2,689$1,917$1,346$934$429
30 years$3,542$2,539$1,786$1,235$843$375
31 years$3,391$2,400$1,665$1,135$763$328
32 years$3,249$2,271$1,553$1,043$690$287
33 years$3,116$2,151$1,450$959$624$251
34 years$2,991$2,039$1,355$882$565$219
35 years$2,874$1,934$1,267$812$512$192
36 years$2,764$1,835$1,185$748$464$168
37 years$2,659$1,743$1,109$689$420$147
38 years$2,561$1,656$1,039$635$381$129
39 years$2,467$1,575$973$586$346$113
40 years$2,379$1,499$912$540$313$99
41 years$2,295$1,427$855$498$284$87
42 years$2,215$1,359$802$460$258$76
43 years$2,139$1,294$753$425$234$66
44 years$2,067$1,234$707$392$213$58
45 years$1,999$1,177$664$362$193$51
46 years$1,933$1,122$623$334$175$45
47 years$1,871$1,071$585$309$159$39
48 years$1,811$1,023$550$286$145$34
49 years$1,754$977$517$264$131$30
50 years$1,699$933$486$244$119$26

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 $5,835 every year, while hoping to spend $30,017 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: 44/46/10 Blend
64$1,740,000$1,740,000$1,740,000$1,740,000
65$1,923,499$1,831,279$1,804,309$2,002,381
66$2,087,758$1,889,074$1,832,815$2,115,547
67$2,267,765$1,948,694$1,861,271$2,234,611
68$2,465,096$2,010,199$1,889,642$2,362,976
69$2,681,483$2,073,646$1,917,893$2,501,510
70$2,918,838$2,139,099$1,945,986$2,651,164
71$3,179,265$2,206,620$1,973,881$2,812,984
72$3,465,080$2,276,274$2,001,536$2,988,123
73$3,778,836$2,348,130$2,028,906$3,177,844
74$4,123,346$2,422,256$2,055,943$3,383,542
75$4,501,706$2,498,726$2,082,596$3,606,747
76$4,917,329$2,577,613$2,108,812$3,849,144
77$5,373,974$2,658,993$2,134,534$4,112,586
78$5,875,782$2,742,945$2,159,703$4,399,115
79$6,427,314$2,829,552$2,184,256$4,710,973
80$7,033,597$2,918,897$2,208,125$5,050,634
81$7,700,167$3,011,067$2,231,241$5,420,815
82$8,433,126$3,106,151$2,253,529$5,824,511
83$9,239,194$3,204,242$2,274,912$6,265,017
84$10,125,777$3,305,434$2,295,306$6,745,961
85$11,101,033$3,409,827$2,314,626$7,271,338
86$12,173,951$3,517,522$2,332,779$7,845,546
87$13,354,437$3,628,623$2,349,669$8,473,429
88$14,653,402$3,743,238$2,365,196$9,160,319
89$16,082,872$3,861,479$2,379,253$9,912,089
90$17,656,094$3,983,461$2,391,727$10,735,209
91$19,387,667$4,109,303$2,402,501$11,636,801
92$21,293,676$4,239,125$2,411,452$12,624,711
93$23,391,845$4,373,056$2,418,450$13,707,581
94$25,701,703$4,511,226$2,423,357$14,894,929
95$28,244,768$4,653,768$2,426,032$16,197,239
96$31,044,754$4,800,822$2,426,323$17,626,060
97$34,127,787$4,952,530$2,424,073$19,194,115
98$37,522,658$5,109,041$2,419,116$20,915,417
99$41,261,092$5,270,507$2,411,280$22,805,404
100$45,378,047$5,437,085$2,400,381$24,881,085