Can I retire at age 65 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$118,914$117,855$116,821$115,813$114,828$111,915
2 years$58,868$57,772$56,709$55,679$54,680$51,765
3 years$38,856$37,755$36,695$35,674$34,691$31,864
4 years$28,851$27,754$26,704$25,701$24,742$22,025
5 years$22,850$21,759$20,724$19,741$18,808$16,209
6 years$18,851$17,768$16,748$15,787$14,883$12,403
7 years$15,995$14,922$13,917$12,979$12,103$9,745
8 years$13,855$12,791$11,803$10,888$10,041$7,802
9 years$12,191$11,136$10,166$9,274$8,456$6,334
10 years$10,860$9,816$8,863$7,994$7,205$5,198
11 years$9,772$8,739$7,803$6,958$6,196$4,301
12 years$8,866$7,843$6,925$6,103$5,370$3,583
13 years$8,100$7,088$6,187$5,388$4,683$3,001
14 years$7,444$6,443$5,559$4,783$4,105$2,524
15 years$6,876$5,886$5,019$4,265$3,614$2,131
16 years$6,380$5,400$4,550$3,819$3,194$1,804
17 years$5,942$4,973$4,141$3,431$2,832$1,532
18 years$5,554$4,596$3,780$3,092$2,518$1,303
19 years$5,206$4,259$3,460$2,794$2,245$1,110
20 years$4,894$3,958$3,176$2,531$2,005$947
21 years$4,612$3,687$2,921$2,297$1,794$809
22 years$4,356$3,441$2,692$2,088$1,608$692
23 years$4,123$3,218$2,486$1,902$1,444$592
24 years$3,909$3,016$2,299$1,735$1,298$508
25 years$3,713$2,830$2,129$1,584$1,168$435
26 years$3,532$2,660$1,975$1,448$1,052$373
27 years$3,364$2,503$1,834$1,326$948$320
28 years$3,209$2,359$1,705$1,215$856$275
29 years$3,065$2,225$1,586$1,114$773$236
30 years$2,931$2,101$1,478$1,022$698$203
31 years$2,806$1,986$1,378$939$631$174
32 years$2,689$1,880$1,285$863$571$150
33 years$2,579$1,780$1,200$794$517$129
34 years$2,476$1,687$1,121$730$468$111
35 years$2,379$1,600$1,048$672$424$95
36 years$2,287$1,519$981$619$384$82
37 years$2,201$1,442$918$570$348$70
38 years$2,119$1,371$860$526$315$61
39 years$2,042$1,304$805$485$286$52
40 years$1,969$1,240$755$447$259$45
41 years$1,899$1,181$708$412$235$39
42 years$1,833$1,124$664$381$214$33
43 years$1,771$1,071$623$351$194$29
44 years$1,711$1,021$585$324$176$25
45 years$1,654$974$549$300$160$21
46 years$1,600$929$516$277$145$18
47 years$1,548$886$485$256$132$16
48 years$1,499$846$455$236$120$13
49 years$1,451$808$428$218$109$12
50 years$1,406$772$402$202$99$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,440,000, adding $2,908 every year, while hoping to spend $45,422 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: 46/43/11 Blend
64$1,440,000$1,440,000$1,440,000$1,440,000
65$1,589,880$1,513,560$1,491,240$1,657,980
66$1,703,719$1,539,395$1,492,867$1,731,205
67$1,827,647$1,564,975$1,493,028$1,805,692
68$1,962,646$1,590,237$1,491,623$1,885,473
69$2,109,794$1,615,118$1,488,551$1,971,056
70$2,270,282$1,639,547$1,483,705$2,062,998
71$2,445,415$1,663,449$1,476,974$2,161,917
72$2,636,634$1,686,745$1,468,240$2,268,492
73$2,845,524$1,709,349$1,457,379$2,383,475
74$3,073,830$1,731,169$1,444,263$2,507,694
75$3,323,471$1,752,107$1,428,757$2,642,064
76$3,596,563$1,772,058$1,410,718$2,787,593
77$3,895,435$1,790,911$1,390,000$2,945,395
78$4,222,650$1,808,547$1,366,446$3,116,697
79$4,581,033$1,824,838$1,339,894$3,302,857
80$4,973,692$1,839,649$1,310,174$3,505,369
81$5,404,053$1,852,836$1,277,109$3,725,885
82$5,875,886$1,864,245$1,240,512$3,966,226
83$6,393,345$1,873,712$1,200,189$4,228,402
84$6,961,007$1,881,064$1,155,935$4,514,631
85$7,583,909$1,886,115$1,107,538$4,827,360
86$8,267,603$1,888,670$1,054,776$5,169,289
87$9,018,203$1,888,520$997,416$5,543,397
88$9,842,444$1,885,442$935,214$5,952,971
89$10,747,746$1,879,201$867,916$6,401,637
90$11,742,282$1,869,548$795,257$6,893,395
91$12,835,057$1,856,217$716,960$7,432,660
92$14,035,988$1,838,928$632,733$8,024,299
93$15,356,005$1,817,381$542,276$8,673,684
94$16,807,146$1,791,262$445,271$9,386,739
95$18,402,676$1,760,235$341,389$10,170,000
96$20,157,208$1,723,945$230,284$11,030,675
97$22,086,843$1,682,017$111,598$11,976,717
98$24,209,318$1,634,053$0$13,016,894
99$26,544,178$1,579,632$0$14,162,650
100$29,112,958$1,518,308$0$15,436,976