Can I retire at age 65 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$147,817$146,500$145,215$143,961$142,737$140,895
2 years$73,176$71,814$70,493$69,212$67,970$66,117
3 years$48,300$46,931$45,614$44,345$43,123$41,316
4 years$35,864$34,499$33,195$31,948$30,756$29,009
5 years$28,404$27,048$25,761$24,539$23,380$21,699
6 years$23,433$22,087$20,818$19,624$18,500$16,886
7 years$19,883$18,548$17,300$16,134$15,045$13,500
8 years$17,222$15,899$14,672$13,534$12,482$11,004
9 years$15,153$13,843$12,637$11,528$10,511$9,101
10 years$13,500$12,202$11,017$9,938$8,956$7,612
11 years$12,147$10,863$9,699$8,649$7,703$6,424
12 years$11,021$9,750$8,608$7,586$6,675$5,459
13 years$10,069$8,811$7,691$6,697$5,821$4,667
14 years$9,254$8,009$6,910$5,945$5,102$4,009
15 years$8,548$7,316$6,239$5,302$4,492$3,458
16 years$7,930$6,713$5,656$4,747$3,970$2,992
17 years$7,386$6,182$5,147$4,265$3,520$2,597
18 years$6,903$5,713$4,699$3,844$3,130$2,259
19 years$6,472$5,294$4,301$3,473$2,790$1,970
20 years$6,084$4,920$3,948$3,146$2,492$1,720
21 years$5,733$4,583$3,631$2,855$2,230$1,505
22 years$5,415$4,278$3,347$2,596$1,999$1,318
23 years$5,125$4,001$3,090$2,364$1,794$1,156
24 years$4,859$3,748$2,858$2,156$1,613$1,015
25 years$4,615$3,518$2,647$1,969$1,451$891
26 years$4,390$3,306$2,455$1,801$1,307$784
27 years$4,182$3,111$2,279$1,648$1,179$690
28 years$3,990$2,932$2,119$1,510$1,064$607
29 years$3,810$2,766$1,972$1,385$960$535
30 years$3,644$2,612$1,837$1,271$868$471
31 years$3,488$2,469$1,712$1,167$785$415
32 years$3,342$2,336$1,598$1,073$710$366
33 years$3,206$2,213$1,492$986$642$323
34 years$3,077$2,097$1,394$908$581$285
35 years$2,957$1,989$1,303$835$527$252
36 years$2,843$1,888$1,219$769$477$222
37 years$2,736$1,793$1,141$709$432$196
38 years$2,634$1,704$1,069$653$392$173
39 years$2,538$1,620$1,001$602$356$153
40 years$2,447$1,542$938$556$323$135
41 years$2,361$1,468$880$513$293$119
42 years$2,279$1,398$825$473$265$105
43 years$2,201$1,332$774$437$241$93
44 years$2,127$1,269$727$403$219$82
45 years$2,056$1,210$683$372$199$73
46 years$1,989$1,155$641$344$180$64
47 years$1,924$1,102$602$318$164$57
48 years$1,863$1,052$566$294$149$50
49 years$1,804$1,005$532$271$135$44
50 years$1,748$960$500$251$123$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,790,000, adding $2,444 every year, while hoping to spend $40,017 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: 69/21/10 Blend
64$1,790,000$1,790,000$1,790,000$1,790,000
65$1,975,101$1,880,231$1,852,486$2,107,266
66$2,133,984$1,929,785$1,871,966$2,244,796
67$2,307,731$1,980,425$1,890,758$2,390,120
68$2,497,817$2,032,163$1,908,796$2,548,036
69$2,705,865$2,085,010$1,926,012$2,719,772
70$2,933,662$2,138,974$1,942,332$2,906,682
71$3,183,175$2,194,064$1,957,680$3,110,257
72$3,456,573$2,250,287$1,971,976$3,332,138
73$3,756,242$2,307,650$1,985,136$3,574,132
74$4,084,811$2,366,157$1,997,070$3,838,231
75$4,445,175$2,425,812$2,007,685$4,126,628
76$4,840,523$2,486,617$2,016,883$4,441,737
77$5,274,368$2,548,572$2,024,560$4,786,219
78$5,750,578$2,611,677$2,030,608$5,163,005
79$6,273,416$2,675,928$2,034,912$5,575,323
80$6,847,576$2,741,320$2,037,353$6,026,729
81$7,478,231$2,807,846$2,037,806$6,521,141
82$8,171,076$2,875,497$2,036,138$7,062,876
83$8,932,388$2,944,259$2,032,211$7,656,690
84$9,769,082$3,014,118$2,025,881$8,307,821
85$10,688,775$3,085,056$2,016,994$9,022,043
86$11,699,859$3,157,052$2,005,392$9,805,715
87$12,811,579$3,230,083$1,990,907$10,665,845
88$14,034,123$3,304,119$1,973,365$11,610,155
89$15,378,712$3,379,130$1,952,582$12,647,153
90$16,857,712$3,455,079$1,928,365$13,786,214
91$18,484,748$3,531,926$1,900,514$15,037,666
92$20,274,828$3,609,627$1,868,817$16,412,893
93$22,244,493$3,688,131$1,833,055$17,924,437
94$24,411,965$3,767,383$1,792,996$19,586,118
95$26,797,323$3,847,323$1,748,399$21,413,166
96$29,422,691$3,927,882$1,699,011$23,422,362
97$32,312,445$4,008,989$1,644,568$25,632,200
98$35,493,447$4,090,561$1,584,794$28,063,056
99$38,995,292$4,172,513$1,519,398$30,737,388
100$42,850,593$4,254,747$1,448,079$33,679,940