Can I retire at age 65 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$114,785$113,762$112,765$111,791$110,841$110,096
2 years$56,824$55,766$54,740$53,746$52,781$52,030
3 years$37,507$36,444$35,421$34,435$33,487$32,752
4 years$27,850$26,790$25,777$24,809$23,883$23,171
5 years$22,057$21,004$20,004$19,056$18,155$17,468
6 years$18,196$17,151$16,166$15,239$14,366$13,704
7 years$15,440$14,403$13,434$12,529$11,683$11,048
8 years$13,374$12,346$11,393$10,510$9,692$9,083
9 years$11,767$10,750$9,813$8,952$8,162$7,578
10 years$10,483$9,475$8,555$7,717$6,955$6,396
11 years$9,433$8,435$7,532$6,716$5,981$5,448
12 years$8,558$7,571$6,684$5,891$5,183$4,674
13 years$7,819$6,842$5,972$5,201$4,520$4,035
14 years$7,186$6,219$5,366$4,617$3,962$3,501
15 years$6,637$5,681$4,845$4,117$3,489$3,050
16 years$6,158$5,213$4,392$3,687$3,083$2,667
17 years$5,736$4,801$3,997$3,312$2,734$2,339
18 years$5,361$4,436$3,649$2,985$2,431$2,056
19 years$5,025$4,111$3,340$2,697$2,167$1,812
20 years$4,724$3,820$3,065$2,443$1,935$1,600
21 years$4,452$3,559$2,820$2,217$1,732$1,416
22 years$4,205$3,322$2,599$2,016$1,552$1,254
23 years$3,979$3,107$2,399$1,836$1,393$1,112
24 years$3,773$2,911$2,219$1,674$1,252$988
25 years$3,584$2,732$2,055$1,529$1,127$878
26 years$3,409$2,567$1,906$1,398$1,015$781
27 years$3,248$2,416$1,770$1,280$915$696
28 years$3,098$2,277$1,646$1,173$826$620
29 years$2,959$2,148$1,531$1,075$746$553
30 years$2,829$2,028$1,426$987$674$493
31 years$2,709$1,918$1,330$906$609$440
32 years$2,595$1,814$1,241$833$551$393
33 years$2,489$1,718$1,158$766$499$351
34 years$2,390$1,628$1,082$705$452$313
35 years$2,296$1,545$1,012$649$409$280
36 years$2,208$1,466$947$597$371$250
37 years$2,124$1,392$886$551$336$224
38 years$2,046$1,323$830$507$304$200
39 years$1,971$1,258$777$468$276$179
40 years$1,900$1,197$729$432$250$160
41 years$1,833$1,140$683$398$227$143
42 years$1,770$1,085$641$367$206$128
43 years$1,709$1,034$601$339$187$115
44 years$1,652$986$565$313$170$103
45 years$1,597$940$530$289$154$92
46 years$1,544$897$498$267$140$83
47 years$1,494$856$468$247$127$74
48 years$1,447$817$440$228$115$66
49 years$1,401$780$413$211$105$59
50 years$1,357$745$388$195$95$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,390,000, adding $5,675 every year, while hoping to spend $48,142 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: 84/8/8 Blend
64$1,390,000$1,390,000$1,390,000$1,390,000
65$1,537,634$1,463,964$1,442,419$1,664,932
66$1,643,250$1,484,475$1,439,517$1,769,447
67$1,758,025$1,504,378$1,434,905$1,877,130
68$1,882,843$1,523,592$1,428,473$1,993,905
69$2,018,676$1,542,031$1,420,110$2,120,657
70$2,166,592$1,559,602$1,409,695$2,258,358
71$2,327,770$1,576,208$1,397,105$2,408,078
72$2,503,503$1,591,743$1,382,209$2,570,997
73$2,695,218$1,606,096$1,364,871$2,748,414
74$2,904,483$1,619,148$1,344,947$2,941,759
75$3,133,025$1,630,771$1,322,288$3,152,609
76$3,382,746$1,640,830$1,296,736$3,382,698
77$3,655,738$1,649,183$1,268,128$3,633,940
78$3,954,305$1,655,675$1,236,293$3,908,440
79$4,280,985$1,660,144$1,201,050$4,208,518
80$4,638,572$1,662,417$1,162,211$4,536,732
81$5,030,142$1,662,311$1,119,581$4,895,897
82$5,459,083$1,659,631$1,072,953$5,289,115
83$5,929,125$1,654,169$1,022,113$5,719,807
84$6,444,378$1,645,705$966,836$6,191,738
85$7,009,367$1,634,007$906,887$6,709,059
86$7,629,076$1,618,828$842,022$7,276,343
87$8,308,996$1,599,904$771,983$7,898,629
88$9,055,172$1,576,958$696,504$8,581,469
89$9,874,267$1,549,695$615,303$9,330,981
90$10,773,616$1,517,804$528,090$10,153,907
91$11,761,302$1,480,954$434,558$11,057,676
92$12,846,228$1,438,795$334,390$12,050,474
93$14,038,203$1,390,956$227,252$13,141,323
94$15,348,032$1,337,045$112,797$14,340,162
95$16,787,619$1,276,647$0$15,657,946
96$18,370,077$1,209,323$0$17,107,546
97$20,109,854$1,134,610$0$18,711,792
98$22,022,869$1,052,015$0$20,475,741
99$24,126,658$961,020$0$22,415,582
100$26,440,544$861,077$0$24,549,155