Can I retire at age 65 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$123,043$121,947$120,878$119,834$118,815$116,368
2 years$60,912$59,778$58,678$57,612$56,578$54,125
3 years$40,205$39,065$37,969$36,913$35,896$33,511
4 years$29,853$28,717$27,632$26,594$25,601$23,305
5 years$23,644$22,515$21,443$20,426$19,462$17,259
6 years$19,505$18,385$17,329$16,335$15,399$13,294
7 years$16,551$15,440$14,401$13,430$12,524$10,515
8 years$14,336$13,235$12,213$11,266$10,390$8,477
9 years$12,614$11,523$10,519$9,596$8,750$6,933
10 years$11,237$10,157$9,171$8,272$7,455$5,731
11 years$10,111$9,042$8,074$7,199$6,412$4,779
12 years$9,174$8,116$7,165$6,315$5,556$4,012
13 years$8,381$7,334$6,402$5,575$4,845$3,388
14 years$7,703$6,667$5,752$4,949$4,247$2,873
15 years$7,115$6,090$5,193$4,413$3,740$2,446
16 years$6,601$5,588$4,708$3,952$3,305$2,089
17 years$6,148$5,146$4,284$3,551$2,930$1,788
18 years$5,746$4,755$3,911$3,200$2,606$1,534
19 years$5,387$4,407$3,580$2,891$2,322$1,319
20 years$5,064$4,095$3,286$2,619$2,074$1,136
21 years$4,772$3,815$3,022$2,377$1,856$979
22 years$4,507$3,561$2,786$2,161$1,664$846
23 years$4,266$3,330$2,572$1,968$1,494$731
24 years$4,045$3,120$2,379$1,795$1,343$632
25 years$3,841$2,928$2,203$1,639$1,208$547
26 years$3,654$2,752$2,043$1,499$1,088$474
27 years$3,481$2,590$1,897$1,372$981$410
28 years$3,321$2,441$1,764$1,257$885$356
29 years$3,172$2,302$1,641$1,153$799$309
30 years$3,033$2,174$1,529$1,058$722$268
31 years$2,903$2,055$1,425$972$653$232
32 years$2,782$1,945$1,330$893$591$202
33 years$2,668$1,842$1,242$821$535$175
34 years$2,562$1,746$1,160$755$484$152
35 years$2,461$1,656$1,085$695$438$132
36 years$2,366$1,572$1,015$640$397$115
37 years$2,277$1,493$950$590$360$100
38 years$2,193$1,418$889$544$326$87
39 years$2,113$1,349$833$502$296$75
40 years$2,037$1,283$781$463$268$65
41 years$1,965$1,222$732$427$244$57
42 years$1,897$1,163$687$394$221$49
43 years$1,832$1,108$645$364$201$43
44 years$1,770$1,057$605$336$182$37
45 years$1,711$1,008$568$310$165$32
46 years$1,655$961$534$286$150$28
47 years$1,602$917$501$265$136$25
48 years$1,551$876$471$244$124$21
49 years$1,502$836$443$226$112$19
50 years$1,455$799$416$209$102$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,490,000, adding $4,671 every year, while hoping to spend $55,862 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: 42/37/21 Blend
64$1,490,000$1,490,000$1,490,000$1,490,000
65$1,646,798$1,567,828$1,544,733$1,705,659
66$1,755,335$1,585,215$1,537,045$1,765,343
67$1,873,070$1,601,582$1,527,227$1,824,185
68$2,000,883$1,616,819$1,515,149$1,886,765
69$2,139,741$1,630,811$1,500,674$1,953,459
70$2,290,707$1,643,433$1,483,660$2,024,679
71$2,454,953$1,654,555$1,463,955$2,100,882
72$2,633,765$1,664,035$1,441,405$2,182,578
73$2,828,561$1,671,725$1,415,844$2,270,327
74$3,040,899$1,677,465$1,387,100$2,364,754
75$3,272,497$1,681,087$1,354,994$2,466,547
76$3,525,243$1,682,411$1,319,338$2,576,472
77$3,801,216$1,681,247$1,279,934$2,695,373
78$4,102,705$1,677,393$1,236,576$2,824,187
79$4,432,229$1,670,633$1,189,049$2,963,950
80$4,792,562$1,660,740$1,137,129$3,115,809
81$5,186,759$1,647,473$1,080,578$3,281,033
82$5,618,183$1,630,573$1,019,152$3,461,025
83$6,090,538$1,609,771$952,593$3,657,339
84$6,607,900$1,584,777$880,633$3,871,692
85$7,174,761$1,555,287$802,989$4,105,983
86$7,796,067$1,520,976$719,370$4,362,312
87$8,477,265$1,481,503$629,468$4,643,002
88$9,224,354$1,436,504$532,963$4,950,619
89$10,043,941$1,385,597$429,521$5,287,999
90$10,943,306$1,328,374$318,793$5,658,279
91$11,930,465$1,264,406$200,414$6,064,924
92$13,014,249$1,193,238$74,004$6,511,761
93$14,204,386$1,114,390$0$7,003,021
94$15,511,591$1,027,353$0$7,557,022
95$16,947,669$931,589$0$8,183,863
96$18,525,624$826,530$0$8,872,741
97$20,259,784$711,576$0$9,630,055
98$22,165,932$586,093$0$10,462,863
99$24,261,455$449,410$0$11,378,952
100$26,565,512$300,820$0$12,386,912