Can I retire at age 65 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$128,823$127,676$126,556$125,464$124,397$119,603
2 years$63,774$62,586$61,435$60,319$59,236$54,464
3 years$42,094$40,901$39,753$38,647$37,582$32,981
4 years$31,256$30,066$28,930$27,843$26,804$22,409
5 years$24,754$23,572$22,451$21,386$20,376$16,199
6 years$20,422$19,249$18,143$17,103$16,123$12,167
7 years$17,328$16,165$15,077$14,061$13,112$9,375
8 years$15,009$13,856$12,787$11,795$10,878$7,357
9 years$13,206$12,064$11,013$10,047$9,161$5,850
10 years$11,765$10,634$9,602$8,661$7,805$4,699
11 years$10,586$9,467$8,453$7,537$6,713$3,804
12 years$9,605$8,497$7,502$6,611$5,817$3,098
13 years$8,775$7,679$6,702$5,837$5,073$2,536
14 years$8,065$6,980$6,022$5,181$4,447$2,083
15 years$7,449$6,376$5,437$4,621$3,915$1,717
16 years$6,911$5,850$4,930$4,137$3,460$1,418
17 years$6,437$5,388$4,486$3,717$3,068$1,174
18 years$6,016$4,979$4,095$3,350$2,728$974
19 years$5,640$4,614$3,749$3,027$2,432$809
20 years$5,302$4,288$3,440$2,742$2,172$672
21 years$4,996$3,994$3,164$2,488$1,944$560
22 years$4,719$3,728$2,917$2,262$1,742$466
23 years$4,466$3,487$2,693$2,060$1,564$388
24 years$4,235$3,267$2,491$1,879$1,406$324
25 years$4,022$3,066$2,307$1,716$1,265$270
26 years$3,826$2,881$2,139$1,569$1,139$225
27 years$3,645$2,712$1,987$1,436$1,027$188
28 years$3,477$2,555$1,847$1,316$927$157
29 years$3,321$2,411$1,719$1,207$837$131
30 years$3,175$2,276$1,601$1,108$756$110
31 years$3,040$2,152$1,492$1,017$684$92
32 years$2,913$2,036$1,392$935$618$77
33 years$2,794$1,928$1,300$860$560$64
34 years$2,682$1,828$1,215$791$507$53
35 years$2,577$1,733$1,136$728$459$45
36 years$2,478$1,645$1,062$671$416$37
37 years$2,384$1,563$994$618$377$31
38 years$2,296$1,485$931$569$342$26
39 years$2,212$1,412$872$525$310$22
40 years$2,133$1,344$818$484$281$18
41 years$2,058$1,279$767$447$255$15
42 years$1,986$1,218$719$412$231$13
43 years$1,918$1,161$675$381$210$11
44 years$1,854$1,106$634$351$191$9
45 years$1,792$1,055$595$325$173$7
46 years$1,733$1,006$559$300$157$6
47 years$1,677$960$525$277$143$5
48 years$1,623$917$493$256$130$4
49 years$1,572$875$464$237$118$4
50 years$1,523$836$436$219$107$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,560,000, adding $4,406 every year, while hoping to spend $47,303 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: 60/25/15 Blend
64$1,560,000$1,560,000$1,560,000$1,560,000
65$1,723,665$1,640,985$1,616,805$1,820,324
66$1,849,149$1,671,063$1,620,638$1,916,082
67$1,985,846$1,701,030$1,623,014$2,014,818
68$2,134,852$1,730,829$1,623,834$2,121,411
69$2,297,369$1,760,402$1,622,995$2,236,626
70$2,474,723$1,789,685$1,620,387$2,361,304
71$2,668,373$1,818,607$1,615,898$2,496,374
72$2,879,923$1,847,095$1,609,407$2,642,861
73$3,111,142$1,875,069$1,600,789$2,801,893
74$3,363,975$1,902,444$1,589,912$2,974,714
75$3,640,565$1,929,129$1,576,639$3,162,696
76$3,943,272$1,955,025$1,560,825$3,367,350
77$4,274,693$1,980,029$1,542,320$3,590,343
78$4,637,689$2,004,028$1,520,965$3,833,514
79$5,035,411$2,026,902$1,496,595$4,098,889
80$5,471,327$2,048,525$1,469,035$4,388,701
81$5,949,259$2,068,759$1,438,105$4,705,414
82$6,473,416$2,087,461$1,403,614$5,051,742
83$7,048,433$2,104,475$1,365,363$5,430,680
84$7,679,416$2,119,637$1,323,145$5,845,527
85$8,371,988$2,132,771$1,276,743$6,299,924
86$9,132,344$2,143,690$1,225,927$6,797,882
87$9,967,309$2,152,197$1,170,462$7,343,825
88$10,884,400$2,158,080$1,110,097$7,942,629
89$11,891,897$2,161,114$1,044,574$8,599,670
90$12,998,924$2,161,062$973,620$9,320,876
91$14,215,529$2,157,669$896,952$10,112,783
92$15,552,787$2,150,668$814,273$10,982,594
93$17,022,893$2,139,773$725,273$11,938,253
94$18,639,288$2,124,682$629,630$12,988,516
95$20,416,777$2,105,073$527,004$14,143,035
96$22,371,672$2,080,605$417,043$15,412,455
97$24,521,947$2,050,919$299,378$16,808,506
98$26,887,403$2,015,632$173,625$18,344,122
99$29,489,859$1,974,339$39,382$20,033,562
100$32,353,354$1,926,611$0$21,892,542