Can I retire at age 65 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$127,172$126,039$124,934$123,855$122,802$118,539
2 years$62,956$61,784$60,647$59,546$58,477$54,226
3 years$41,554$40,376$39,243$38,152$37,100$32,995
4 years$30,855$29,681$28,559$27,486$26,460$22,532
5 years$24,437$23,270$22,163$21,112$20,115$16,374
6 years$20,160$19,002$17,911$16,883$15,916$12,366
7 years$17,106$15,958$14,884$13,881$12,944$9,584
8 years$14,817$13,679$12,623$11,644$10,738$7,565
9 years$13,037$11,910$10,872$9,918$9,043$6,053
10 years$11,614$10,498$9,478$8,550$7,705$4,893
11 years$10,451$9,346$8,345$7,441$6,627$3,987
12 years$9,482$8,388$7,406$6,527$5,743$3,269
13 years$8,663$7,580$6,617$5,762$5,008$2,694
14 years$7,961$6,890$5,945$5,115$4,390$2,228
15 years$7,354$6,295$5,368$4,562$3,865$1,850
16 years$6,823$5,775$4,866$4,084$3,416$1,539
17 years$6,355$5,319$4,428$3,670$3,029$1,284
18 years$5,939$4,915$4,042$3,307$2,693$1,073
19 years$5,568$4,555$3,701$2,988$2,400$898
20 years$5,234$4,233$3,396$2,707$2,144$752
21 years$4,932$3,943$3,124$2,456$1,919$631
22 years$4,658$3,680$2,879$2,233$1,720$529
23 years$4,409$3,442$2,658$2,034$1,544$445
24 years$4,180$3,225$2,459$1,855$1,388$374
25 years$3,970$3,026$2,277$1,694$1,249$314
26 years$3,777$2,844$2,112$1,549$1,125$264
27 years$3,598$2,677$1,961$1,418$1,014$223
28 years$3,432$2,522$1,823$1,299$915$187
29 years$3,278$2,380$1,697$1,191$826$158
30 years$3,135$2,247$1,580$1,093$747$133
31 years$3,001$2,124$1,473$1,004$675$112
32 years$2,875$2,010$1,375$923$611$94
33 years$2,758$1,904$1,283$849$553$79
34 years$2,648$1,804$1,199$781$500$67
35 years$2,544$1,711$1,121$719$453$56
36 years$2,446$1,624$1,049$662$411$48
37 years$2,354$1,543$982$610$372$40
38 years$2,266$1,466$919$562$337$34
39 years$2,184$1,394$861$518$306$28
40 years$2,105$1,326$807$478$277$24
41 years$2,031$1,263$757$441$252$20
42 years$1,961$1,202$710$407$228$17
43 years$1,894$1,146$666$376$207$14
44 years$1,830$1,092$625$347$188$12
45 years$1,769$1,041$587$320$171$10
46 years$1,711$993$552$296$155$9
47 years$1,656$948$518$273$141$7
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,540,000, adding $5,833 every year, while hoping to spend $48,718 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: 50/33/17 Blend
64$1,540,000$1,540,000$1,540,000$1,540,000
65$1,703,097$1,621,477$1,597,607$1,779,966
66$1,824,977$1,649,094$1,599,291$1,861,193
67$1,957,656$1,676,431$1,599,399$1,943,901
68$2,102,185$1,703,423$1,597,826$2,032,726
69$2,259,717$1,730,001$1,594,463$2,128,263
70$2,431,527$1,756,089$1,589,196$2,231,166
71$2,619,012$1,781,607$1,581,903$2,342,157
72$2,823,714$1,806,468$1,572,460$2,462,034
73$3,047,329$1,830,581$1,560,733$2,591,676
74$3,291,724$1,853,847$1,546,585$2,732,054
75$3,558,954$1,876,160$1,529,871$2,884,238
76$3,851,284$1,897,408$1,510,437$3,049,410
77$4,171,204$1,917,471$1,488,127$3,228,873
78$4,521,460$1,936,220$1,462,772$3,424,067
79$4,905,073$1,953,519$1,434,199$3,636,579
80$5,325,370$1,969,221$1,402,224$3,868,159
81$5,786,018$1,983,173$1,366,659$4,120,740
82$6,291,051$1,995,208$1,327,301$4,396,454
83$6,844,916$2,005,151$1,283,944$4,697,653
84$7,452,509$2,012,815$1,236,367$5,026,933
85$8,119,222$2,018,000$1,184,343$5,387,155
86$8,850,997$2,020,497$1,127,633$5,781,477
87$9,654,377$2,020,079$1,065,987$6,213,386
88$10,536,570$2,016,509$999,144$6,686,722
89$11,505,516$2,009,534$926,831$7,205,727
90$12,569,963$1,998,885$848,763$7,775,078
91$13,739,546$1,984,277$764,644$8,399,932
92$15,024,880$1,965,408$674,160$9,085,980
93$16,437,662$1,941,957$576,989$9,839,499
94$17,990,775$1,913,584$472,790$10,667,410
95$19,698,415$1,879,931$361,209$11,577,349
96$21,576,220$1,840,614$241,876$12,577,736
97$23,641,421$1,795,231$114,405$13,677,857
98$25,913,003$1,743,353$0$14,887,955
99$28,411,880$1,684,529$0$16,223,246
100$31,161,099$1,618,278$0$17,714,664