Can I retire at age 65 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$151,945$150,592$149,272$147,983$146,724$142,945
2 years$75,221$73,820$72,462$71,146$69,869$66,087
3 years$49,649$48,242$46,888$45,584$44,328$40,661
4 years$36,866$35,463$34,122$32,840$31,615$28,091
5 years$29,198$27,803$26,480$25,225$24,033$20,663
6 years$24,087$22,704$21,400$20,172$19,017$15,803
7 years$20,438$19,066$17,783$16,585$15,466$12,408
8 years$17,703$16,343$15,082$13,913$12,830$9,928
9 years$15,577$14,230$12,990$11,850$10,805$8,056
10 years$13,877$12,543$11,325$10,215$9,206$6,606
11 years$12,487$11,166$9,970$8,890$7,918$5,463
12 years$11,329$10,022$8,848$7,798$6,861$4,548
13 years$10,350$9,057$7,905$6,884$5,983$3,807
14 years$9,512$8,233$7,103$6,111$5,245$3,200
15 years$8,786$7,521$6,413$5,450$4,618$2,699
16 years$8,152$6,900$5,814$4,880$4,081$2,284
17 years$7,593$6,355$5,291$4,385$3,619$1,937
18 years$7,096$5,872$4,830$3,951$3,218$1,647
19 years$6,652$5,442$4,422$3,570$2,868$1,402
20 years$6,254$5,057$4,058$3,234$2,562$1,195
21 years$5,893$4,711$3,732$2,935$2,292$1,020
22 years$5,566$4,397$3,440$2,668$2,055$872
23 years$5,268$4,113$3,176$2,430$1,845$746
24 years$4,995$3,853$2,938$2,216$1,658$639
25 years$4,744$3,616$2,721$2,024$1,492$547
26 years$4,513$3,398$2,523$1,851$1,344$469
27 years$4,299$3,198$2,343$1,694$1,212$402
28 years$4,101$3,014$2,178$1,552$1,093$345
29 years$3,917$2,843$2,027$1,423$987$296
30 years$3,745$2,685$1,888$1,306$892$254
31 years$3,585$2,538$1,760$1,200$806$218
32 years$3,436$2,402$1,642$1,103$729$187
33 years$3,295$2,274$1,533$1,014$660$161
34 years$3,163$2,156$1,433$933$598$138
35 years$3,039$2,045$1,340$859$541$119
36 years$2,922$1,941$1,253$791$491$102
37 years$2,812$1,843$1,173$729$445$88
38 years$2,708$1,752$1,098$672$403$75
39 years$2,609$1,666$1,029$619$365$65
40 years$2,516$1,585$965$571$332$56
41 years$2,427$1,509$904$527$301$48
42 years$2,343$1,437$848$486$273$41
43 years$2,262$1,369$796$449$248$35
44 years$2,186$1,305$747$415$225$30
45 years$2,114$1,244$702$383$204$26
46 years$2,044$1,187$659$354$185$22
47 years$1,978$1,133$619$327$168$19
48 years$1,915$1,081$582$302$153$17
49 years$1,854$1,033$547$279$139$14
50 years$1,796$986$514$258$126$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,840,000, adding $3,673 every year, while hoping to spend $53,558 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: 77/10/13 Blend
64$1,840,000$1,840,000$1,840,000$1,840,000
65$2,031,469$1,933,949$1,905,429$2,182,325
66$2,181,693$1,971,727$1,912,275$2,320,015
67$2,345,446$2,009,561$1,917,556$2,463,801
68$2,524,049$2,047,398$1,921,162$2,619,970
69$2,718,960$2,085,178$1,922,979$2,789,735
70$2,931,782$2,122,840$1,922,887$2,974,434
71$3,164,280$2,160,315$1,920,760$3,175,541
72$3,418,397$2,197,531$1,916,465$3,394,680
73$3,696,271$2,234,407$1,909,865$3,633,639
74$4,000,258$2,270,861$1,900,813$3,894,388
75$4,332,951$2,306,800$1,889,157$4,179,097
76$4,697,206$2,342,127$1,874,737$4,490,159
77$5,096,167$2,376,737$1,857,387$4,830,208
78$5,533,297$2,410,519$1,836,931$5,202,147
79$6,012,411$2,443,351$1,813,185$5,609,176
80$6,537,707$2,475,106$1,785,957$6,054,820
81$7,113,813$2,505,646$1,755,046$6,542,963
82$7,745,823$2,534,823$1,720,242$7,077,884
83$8,439,349$2,562,482$1,681,322$7,664,300
84$9,200,574$2,588,456$1,638,058$8,307,409
85$10,036,308$2,612,564$1,590,208$9,012,938
86$10,954,050$2,634,619$1,537,518$9,787,197
87$11,962,063$2,654,416$1,479,726$10,637,142
88$13,069,452$2,671,740$1,416,555$11,570,438
89$14,286,243$2,686,362$1,347,716$12,595,530
90$15,623,483$2,698,037$1,272,908$13,721,727
91$17,093,343$2,706,506$1,191,815$14,959,287
92$18,709,231$2,711,492$1,104,108$16,319,514
93$20,485,919$2,712,701$1,009,442$17,814,866
94$22,439,682$2,709,823$907,458$19,459,072
95$24,588,451$2,702,526$797,779$21,267,263
96$26,951,983$2,690,459$680,014$23,256,113
97$29,552,043$2,673,250$553,753$25,443,999
98$32,412,614$2,650,502$418,567$27,851,171
99$35,560,121$2,621,797$274,009$30,499,949
100$39,023,679$2,586,690$119,613$33,414,928