Can I retire at age 65 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$122,217$121,128$120,066$119,030$118,017$113,875
2 years$60,503$59,377$58,285$57,226$56,199$52,069
3 years$39,935$38,803$37,714$36,665$35,655$31,667
4 years$29,653$28,525$27,446$26,415$25,429$21,615
5 years$23,485$22,364$21,299$20,289$19,331$15,699
6 years$19,375$18,262$17,213$16,226$15,296$11,850
7 years$16,440$15,336$14,304$13,340$12,440$9,178
8 years$14,239$13,146$12,131$11,191$10,320$7,241
9 years$12,529$11,446$10,448$9,532$8,691$5,790
10 years$11,162$10,089$9,109$8,217$7,405$4,677
11 years$10,044$8,982$8,020$7,151$6,369$3,809
12 years$9,112$8,061$7,117$6,272$5,519$3,121
13 years$8,325$7,285$6,359$5,537$4,813$2,570
14 years$7,651$6,622$5,713$4,916$4,219$2,125
15 years$7,067$6,049$5,158$4,384$3,714$1,762
16 years$6,557$5,550$4,677$3,925$3,283$1,465
17 years$6,107$5,111$4,256$3,527$2,911$1,221
18 years$5,708$4,723$3,885$3,178$2,588$1,020
19 years$5,351$4,377$3,556$2,872$2,307$853
20 years$5,030$4,068$3,264$2,601$2,061$714
21 years$4,740$3,789$3,002$2,361$1,844$598
22 years$4,477$3,537$2,767$2,146$1,653$502
23 years$4,237$3,308$2,555$1,955$1,484$421
24 years$4,017$3,099$2,363$1,783$1,334$354
25 years$3,816$2,909$2,188$1,628$1,200$297
26 years$3,630$2,734$2,030$1,489$1,081$250
27 years$3,458$2,573$1,885$1,363$975$210
28 years$3,299$2,424$1,752$1,248$879$177
29 years$3,151$2,287$1,630$1,145$794$149
30 years$3,013$2,160$1,519$1,051$717$125
31 years$2,884$2,042$1,416$965$649$105
32 years$2,763$1,932$1,321$887$587$89
33 years$2,650$1,829$1,233$816$531$75
34 years$2,544$1,734$1,152$750$481$63
35 years$2,445$1,645$1,077$691$435$53
36 years$2,351$1,561$1,008$636$395$45
37 years$2,262$1,483$943$586$358$38
38 years$2,178$1,409$883$540$324$32
39 years$2,099$1,340$828$498$294$27
40 years$2,023$1,275$776$459$267$22
41 years$1,952$1,213$727$424$242$19
42 years$1,884$1,156$682$391$220$16
43 years$1,820$1,101$640$361$199$13
44 years$1,758$1,050$601$333$181$11
45 years$1,700$1,001$564$308$164$10
46 years$1,644$955$530$284$149$8
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$6
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,480,000, adding $4,268 every year, while hoping to spend $33,998 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: 41/48/11 Blend
64$1,480,000$1,480,000$1,480,000$1,480,000
65$1,635,362$1,556,922$1,533,982$1,696,918
66$1,765,996$1,597,038$1,549,197$1,780,670
67$1,908,814$1,637,980$1,563,782$1,867,550
68$2,065,025$1,679,752$1,577,681$1,960,824
69$2,235,957$1,722,359$1,590,832$2,061,086
70$2,423,073$1,765,804$1,603,173$2,168,994
71$2,627,985$1,810,087$1,614,638$2,285,267
72$2,852,467$1,855,209$1,625,157$2,410,700
73$3,098,475$1,901,170$1,634,655$2,546,168
74$3,368,159$1,947,967$1,643,056$2,692,632
75$3,663,890$1,995,597$1,650,278$2,851,154
76$3,988,280$2,044,054$1,656,235$3,022,901
77$4,344,204$2,093,332$1,660,838$3,209,157
78$4,734,829$2,143,421$1,663,993$3,411,340
79$5,163,645$2,194,312$1,665,600$3,631,009
80$5,634,495$2,245,992$1,665,555$3,869,882
81$6,151,612$2,298,444$1,663,750$4,129,854
82$6,719,661$2,351,653$1,660,071$4,413,008
83$7,343,780$2,405,597$1,654,396$4,721,643
84$8,029,628$2,460,253$1,646,600$5,058,290
85$8,783,441$2,515,597$1,636,553$5,425,740
86$9,612,089$2,571,598$1,624,114$5,827,065
87$10,523,140$2,628,224$1,609,140$6,265,653
88$11,524,933$2,685,440$1,591,479$6,745,235
89$12,626,654$2,743,205$1,570,972$7,269,925
90$13,838,426$2,801,475$1,547,452$7,844,254
91$15,171,400$2,860,201$1,520,746$8,473,218
92$16,637,863$2,919,331$1,490,671$9,162,320
93$18,251,353$2,978,806$1,457,037$9,917,626
94$20,026,786$3,038,563$1,419,643$10,745,822
95$21,980,598$3,098,533$1,378,281$11,654,275
96$24,130,898$3,158,640$1,332,732$12,651,103
97$26,497,639$3,218,803$1,282,769$13,745,257
98$29,102,808$3,278,934$1,228,151$14,946,598
99$31,970,630$3,338,937$1,168,629$16,265,996
100$35,127,799$3,398,710$1,103,943$17,715,429