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%14.6%
1 years$143,688$142,408$141,159$139,940$138,750$136,116
2 years$71,132$69,808$68,524$67,279$66,071$63,428
3 years$46,951$45,620$44,339$43,106$41,918$39,348
4 years$34,862$33,536$32,268$31,056$29,897$27,418
5 years$27,611$26,292$25,041$23,854$22,727$20,349
6 years$22,778$21,470$20,237$19,076$17,983$15,707
7 years$19,328$18,030$16,817$15,683$14,625$12,452
8 years$16,741$15,455$14,262$13,156$12,133$10,063
9 years$14,730$13,457$12,284$11,206$10,218$8,249
10 years$13,122$11,861$10,709$9,660$8,706$6,836
11 years$11,808$10,559$9,428$8,407$7,487$5,715
12 years$10,713$9,478$8,367$7,374$6,488$4,810
13 years$9,788$8,565$7,476$6,510$5,658$4,072
14 years$8,995$7,785$6,717$5,779$4,960$3,463
15 years$8,309$7,112$6,065$5,154$4,367$2,956
16 years$7,709$6,525$5,498$4,615$3,860$2,532
17 years$7,180$6,009$5,003$4,146$3,422$2,174
18 years$6,711$5,553$4,567$3,737$3,043$1,871
19 years$6,291$5,146$4,181$3,376$2,712$1,613
20 years$5,914$4,782$3,837$3,058$2,423$1,393
21 years$5,573$4,455$3,530$2,775$2,168$1,205
22 years$5,263$4,158$3,253$2,523$1,943$1,043
23 years$4,981$3,889$3,004$2,298$1,744$904
24 years$4,723$3,644$2,778$2,096$1,568$785
25 years$4,486$3,419$2,573$1,914$1,411$681
26 years$4,267$3,214$2,386$1,750$1,271$592
27 years$4,065$3,025$2,216$1,602$1,146$514
28 years$3,878$2,850$2,060$1,468$1,034$447
29 years$3,704$2,689$1,917$1,346$934$389
30 years$3,542$2,539$1,786$1,235$843$339
31 years$3,391$2,400$1,665$1,135$763$295
32 years$3,249$2,271$1,553$1,043$690$257
33 years$3,116$2,151$1,450$959$624$224
34 years$2,991$2,039$1,355$882$565$195
35 years$2,874$1,934$1,267$812$512$170
36 years$2,764$1,835$1,185$748$464$148
37 years$2,659$1,743$1,109$689$420$129
38 years$2,561$1,656$1,039$635$381$113
39 years$2,467$1,575$973$586$346$98
40 years$2,379$1,499$912$540$313$86
41 years$2,295$1,427$855$498$284$75
42 years$2,215$1,359$802$460$258$65
43 years$2,139$1,294$753$425$234$57
44 years$2,067$1,234$707$392$213$50
45 years$1,999$1,177$664$362$193$43
46 years$1,933$1,122$623$334$175$38
47 years$1,871$1,071$585$309$159$33
48 years$1,811$1,023$550$286$145$29
49 years$1,754$977$517$264$131$25
50 years$1,699$933$486$244$119$22

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 $4,124 every year, while hoping to spend $59,965 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: 39/41/20 Blend
64$1,740,000$1,740,000$1,740,000$1,740,000
65$1,921,734$1,829,514$1,802,544$1,985,081
66$2,053,948$1,855,358$1,799,127$2,056,844
67$2,197,639$1,880,458$1,793,586$2,128,383
68$2,353,913$1,904,716$1,785,785$2,204,505
69$2,523,989$1,928,023$1,775,586$2,285,658
70$2,709,206$1,950,267$1,762,839$2,372,340
71$2,911,041$1,971,326$1,747,389$2,465,100
72$3,131,116$1,991,069$1,729,075$2,564,546
73$3,371,217$2,009,359$1,707,727$2,671,351
74$3,633,312$2,026,049$1,683,167$2,786,262
75$3,919,565$2,040,980$1,655,208$2,910,102
76$4,232,359$2,053,986$1,623,655$3,043,783
77$4,574,317$2,064,889$1,588,305$3,188,315
78$4,948,328$2,073,499$1,548,944$3,344,813
79$5,357,572$2,079,615$1,505,349$3,514,511
80$5,805,552$2,083,024$1,457,285$3,698,775
81$6,296,122$2,083,496$1,404,508$3,899,113
82$6,833,531$2,080,792$1,346,764$4,117,195
83$7,422,454$2,074,654$1,283,783$4,354,864
84$8,068,042$2,064,810$1,215,288$4,614,160
85$8,775,969$2,050,971$1,140,986$4,897,336
86$9,552,480$2,032,831$1,060,572$5,206,883
87$10,404,459$2,010,066$973,727$5,545,553
88$11,339,484$1,982,330$880,117$5,916,387
89$12,365,907$1,949,259$779,396$6,322,745
90$13,492,922$1,910,466$671,199$6,768,338
91$14,730,663$1,865,541$555,147$7,257,266
92$16,090,289$1,814,051$430,843$7,794,058
93$17,584,096$1,755,537$297,873$8,383,715
94$19,225,628$1,689,512$155,806$9,031,760
95$21,029,807$1,615,463$4,190$9,744,291
96$23,013,071$1,532,845$0$10,528,045
97$25,193,533$1,441,083$0$11,424,088
98$27,591,145$1,339,568$0$12,410,137
99$30,227,892$1,227,657$0$13,494,466
100$33,127,994$1,104,669$0$14,687,192