Can I retire at age 65 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$126,346$125,221$124,123$123,051$122,004$120,430
2 years$62,548$61,383$60,254$59,159$58,097$56,513
3 years$41,284$40,114$38,988$37,904$36,859$35,315
4 years$30,655$29,488$28,373$27,308$26,288$24,796
5 years$24,278$23,119$22,019$20,975$19,984$18,547
6 years$20,029$18,878$17,795$16,774$15,813$14,434
7 years$16,995$15,854$14,787$13,791$12,860$11,539
8 years$14,721$13,590$12,541$11,569$10,669$9,406
9 years$12,952$11,832$10,801$9,854$8,984$7,779
10 years$11,539$10,430$9,417$8,494$7,655$6,506
11 years$10,383$9,285$8,291$7,392$6,584$5,491
12 years$9,420$8,334$7,358$6,484$5,705$4,666
13 years$8,606$7,531$6,574$5,725$4,975$3,989
14 years$7,910$6,846$5,906$5,082$4,361$3,427
15 years$7,306$6,254$5,333$4,532$3,840$2,956
16 years$6,778$5,738$4,835$4,058$3,394$2,558
17 years$6,313$5,284$4,399$3,646$3,009$2,220
18 years$5,901$4,883$4,016$3,286$2,676$1,931
19 years$5,532$4,525$3,677$2,969$2,385$1,684
20 years$5,200$4,205$3,374$2,689$2,130$1,470
21 years$4,900$3,917$3,104$2,440$1,906$1,286
22 years$4,628$3,656$2,860$2,219$1,709$1,127
23 years$4,380$3,420$2,641$2,021$1,534$988
24 years$4,153$3,204$2,443$1,843$1,379$867
25 years$3,945$3,007$2,262$1,683$1,241$762
26 years$3,752$2,826$2,098$1,539$1,117$670
27 years$3,575$2,660$1,948$1,409$1,007$589
28 years$3,410$2,506$1,811$1,291$909$519
29 years$3,257$2,364$1,686$1,184$821$457
30 years$3,114$2,233$1,570$1,086$742$403
31 years$2,981$2,111$1,464$998$671$355
32 years$2,857$1,997$1,366$917$607$313
33 years$2,740$1,891$1,275$843$549$276
34 years$2,630$1,793$1,191$776$497$244
35 years$2,527$1,700$1,114$714$450$215
36 years$2,430$1,614$1,042$658$408$190
37 years$2,338$1,533$975$606$370$168
38 years$2,252$1,457$913$559$335$148
39 years$2,170$1,385$856$515$304$131
40 years$2,092$1,318$802$475$276$116
41 years$2,018$1,254$752$438$250$102
42 years$1,948$1,195$705$404$227$90
43 years$1,881$1,138$662$373$206$80
44 years$1,818$1,085$621$345$187$70
45 years$1,757$1,035$583$318$170$62
46 years$1,700$987$548$294$154$55
47 years$1,645$942$515$272$140$49
48 years$1,592$899$484$251$127$43
49 years$1,542$859$455$232$115$38
50 years$1,494$820$428$214$105$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,530,000, adding $4,251 every year, while hoping to spend $27,818 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: 68/14/18 Blend
64$1,530,000$1,530,000$1,530,000$1,530,000
65$1,690,445$1,609,355$1,585,640$1,797,718
66$1,833,272$1,658,615$1,609,161$1,919,152
67$1,989,735$1,709,357$1,632,537$2,048,276
68$2,161,196$1,761,623$1,655,735$2,188,833
69$2,349,154$1,815,458$1,678,718$2,341,944
70$2,555,260$1,870,908$1,701,447$2,508,848
71$2,781,334$1,928,020$1,723,883$2,690,906
72$3,029,378$1,986,841$1,745,981$2,889,620
73$3,301,600$2,047,422$1,767,697$3,106,641
74$3,600,430$2,109,813$1,788,982$3,343,790
75$3,928,546$2,174,065$1,809,785$3,603,071
76$4,288,898$2,240,234$1,830,052$3,886,693
77$4,684,733$2,308,374$1,849,727$4,197,088
78$5,119,633$2,378,541$1,868,750$4,536,936
79$5,597,539$2,450,793$1,887,057$4,909,188
80$6,122,797$2,525,191$1,904,582$5,317,096
81$6,700,192$2,601,794$1,921,255$5,764,243
82$7,334,996$2,680,667$1,937,001$6,254,574
83$8,033,019$2,761,873$1,951,744$6,792,440
84$8,800,661$2,845,479$1,965,402$7,382,628
85$9,644,973$2,931,552$1,977,887$8,030,419
86$10,573,724$3,020,162$1,989,110$8,741,627
87$11,595,474$3,111,380$1,998,975$9,522,660
88$12,719,654$3,205,279$2,007,383$10,380,577
89$13,956,656$3,301,935$2,014,227$11,323,156
90$15,317,929$3,401,424$2,019,399$12,358,970
91$16,816,090$3,503,826$2,022,780$13,497,461
92$18,465,038$3,609,221$2,024,251$14,749,035
93$20,280,092$3,717,692$2,023,683$16,125,160
94$22,278,126$3,829,324$2,020,941$17,638,468
95$24,477,739$3,944,205$2,015,886$19,302,884
96$26,899,420$4,062,422$2,008,370$21,133,746
97$29,565,748$4,184,069$1,998,238$23,147,961
98$32,501,603$4,309,237$1,985,328$25,364,154
99$35,734,401$4,438,024$1,969,470$27,802,854
100$39,294,349$4,570,526$1,950,487$30,486,678