Can I retire at age 65 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$111,865
2 years$58,459$57,371$56,316$55,292$54,300$52,127
3 years$38,586$37,492$36,440$35,426$34,450$32,337
4 years$28,651$27,561$26,519$25,523$24,570$22,534
5 years$22,692$21,608$20,580$19,604$18,678$16,723
6 years$18,720$17,645$16,631$15,677$14,779$12,909
7 years$15,884$14,818$13,821$12,889$12,019$10,234
8 years$13,758$12,702$11,721$10,812$9,971$8,270
9 years$12,106$11,059$10,095$9,210$8,397$6,779
10 years$10,785$9,748$8,801$7,939$7,155$5,618
11 years$9,704$8,678$7,749$6,909$6,153$4,697
12 years$8,805$7,789$6,877$6,060$5,332$3,953
13 years$8,044$7,039$6,144$5,350$4,650$3,347
14 years$7,393$6,398$5,520$4,749$4,076$2,846
15 years$6,828$5,845$4,984$4,236$3,589$2,429
16 years$6,335$5,363$4,519$3,793$3,172$2,080
17 years$5,901$4,939$4,112$3,408$2,812$1,786
18 years$5,515$4,564$3,754$3,071$2,501$1,537
19 years$5,170$4,230$3,436$2,775$2,229$1,326
20 years$4,860$3,930$3,154$2,513$1,991$1,145
21 years$4,580$3,661$2,901$2,281$1,782$990
22 years$4,326$3,417$2,674$2,074$1,597$857
23 years$4,094$3,196$2,469$1,889$1,434$743
24 years$3,882$2,995$2,283$1,723$1,289$645
25 years$3,687$2,810$2,114$1,573$1,159$560
26 years$3,507$2,641$1,961$1,438$1,044$486
27 years$3,341$2,486$1,821$1,317$942$423
28 years$3,187$2,342$1,693$1,206$850$368
29 years$3,044$2,210$1,575$1,106$767$320
30 years$2,911$2,087$1,467$1,015$693$279
31 years$2,786$1,973$1,368$932$627$243
32 years$2,670$1,867$1,276$857$567$211
33 years$2,561$1,768$1,192$788$513$184
34 years$2,458$1,675$1,114$725$465$160
35 years$2,362$1,589$1,041$667$421$140
36 years$2,271$1,508$974$615$381$122
37 years$2,185$1,432$912$566$346$106
38 years$2,104$1,361$854$522$313$93
39 years$2,028$1,295$800$481$284$81
40 years$1,955$1,232$750$444$258$70
41 years$1,886$1,172$703$410$234$61
42 years$1,821$1,117$659$378$212$54
43 years$1,758$1,064$619$349$192$47
44 years$1,699$1,014$581$322$175$41
45 years$1,643$967$545$298$159$36
46 years$1,589$922$512$275$144$31
47 years$1,537$880$481$254$131$27
48 years$1,488$840$452$235$119$24
49 years$1,441$803$425$217$108$21
50 years$1,396$767$400$200$98$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,430,000, adding $4,437 every year, while hoping to spend $34,490 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: 70/11/19 Blend
64$1,430,000$1,430,000$1,430,000$1,430,000
65$1,580,437$1,504,647$1,482,482$1,683,497
66$1,704,944$1,541,677$1,495,448$1,789,793
67$1,840,995$1,579,367$1,507,692$1,901,593
68$1,989,732$1,617,710$1,519,155$2,023,102
69$2,152,409$1,656,702$1,529,771$2,155,278
70$2,330,411$1,696,337$1,539,474$2,299,172
71$2,525,260$1,736,605$1,548,194$2,455,947
72$2,738,634$1,777,496$1,555,856$2,626,879
73$2,972,379$1,818,998$1,562,382$2,813,376
74$3,228,531$1,861,098$1,567,691$3,016,991
75$3,509,329$1,903,779$1,571,696$3,239,433
76$3,817,239$1,947,024$1,574,307$3,482,585
77$4,154,981$1,990,811$1,575,429$3,748,523
78$4,525,546$2,035,117$1,574,963$4,039,533
79$4,932,231$2,079,918$1,572,804$4,358,135
80$5,378,669$2,125,184$1,568,843$4,707,107
81$5,868,858$2,170,883$1,562,964$5,089,506
82$6,407,207$2,216,981$1,555,048$5,508,706
83$6,998,568$2,263,439$1,544,969$5,968,421
84$7,648,289$2,310,215$1,532,593$6,472,746
85$8,362,262$2,357,263$1,517,782$7,026,194
86$9,146,976$2,404,533$1,500,391$7,633,735
87$10,009,582$2,451,969$1,480,268$8,300,850
88$10,957,956$2,499,513$1,457,254$9,033,577
89$12,000,778$2,547,099$1,431,182$9,838,571
90$13,147,608$2,594,657$1,401,878$10,723,166
91$14,408,982$2,642,113$1,369,158$11,695,443
92$15,796,505$2,689,384$1,332,833$12,764,309
93$17,322,967$2,736,383$1,292,701$13,939,580
94$19,002,458$2,783,013$1,248,555$15,232,073
95$20,850,502$2,829,174$1,200,174$16,653,709
96$22,884,205$2,874,755$1,147,332$18,217,627
97$25,122,414$2,919,639$1,089,788$19,938,305
98$27,585,898$2,963,699$1,027,293$21,831,700
99$30,297,538$3,006,799$959,586$23,915,396
100$33,282,549$3,048,794$886,394$26,208,775