Can I retire at age 65 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$133,778$132,586$131,424$130,289$129,181$127,885
2 years$66,227$64,993$63,798$62,639$61,515$60,210
3 years$43,713$42,474$41,282$40,133$39,028$37,753
4 years$32,458$31,223$30,042$28,914$27,835$26,602
5 years$25,707$24,479$23,314$22,209$21,160$19,971
6 years$21,207$19,989$18,841$17,760$16,743$15,600
7 years$17,995$16,787$15,657$14,602$13,616$12,521
8 years$15,586$14,389$13,279$12,249$11,296$10,247
9 years$13,714$12,528$11,437$10,434$9,513$8,510
10 years$12,217$11,043$9,971$8,994$8,106$7,148
11 years$10,994$9,831$8,778$7,827$6,971$6,058
12 years$9,974$8,824$7,790$6,866$6,041$5,172
13 years$9,113$7,974$6,960$6,061$5,268$4,441
14 years$8,375$7,248$6,254$5,381$4,618$3,833
15 years$7,736$6,622$5,646$4,798$4,066$3,322
16 years$7,177$6,075$5,119$4,297$3,593$2,888
17 years$6,685$5,595$4,658$3,860$3,186$2,519
18 years$6,248$5,170$4,252$3,479$2,833$2,203
19 years$5,857$4,791$3,893$3,144$2,525$1,930
20 years$5,506$4,452$3,573$2,847$2,255$1,694
21 years$5,189$4,147$3,286$2,584$2,018$1,490
22 years$4,900$3,871$3,029$2,349$1,809$1,312
23 years$4,638$3,621$2,797$2,140$1,624$1,157
24 years$4,397$3,392$2,586$1,951$1,460$1,021
25 years$4,177$3,184$2,395$1,782$1,314$902
26 years$3,973$2,992$2,222$1,630$1,183$797
27 years$3,785$2,816$2,063$1,492$1,067$705
28 years$3,611$2,653$1,918$1,367$963$625
29 years$3,449$2,503$1,785$1,253$869$553
30 years$3,298$2,364$1,662$1,150$785$490
31 years$3,157$2,235$1,550$1,056$710$435
32 years$3,025$2,115$1,446$971$642$386
33 years$2,901$2,003$1,350$893$581$342
34 years$2,785$1,898$1,261$821$526$304
35 years$2,676$1,800$1,179$756$477$270
36 years$2,573$1,709$1,103$696$432$239
37 years$2,476$1,623$1,033$642$391$213
38 years$2,384$1,542$967$591$355$189
39 years$2,297$1,467$906$545$322$168
40 years$2,215$1,395$849$503$292$149
41 years$2,137$1,328$796$464$265$133
42 years$2,062$1,265$747$428$240$118
43 years$1,992$1,205$701$395$218$105
44 years$1,925$1,149$658$365$198$93
45 years$1,861$1,095$618$337$180$83
46 years$1,800$1,045$580$311$163$74
47 years$1,742$997$545$288$148$65
48 years$1,686$952$512$266$135$58
49 years$1,633$909$481$246$122$52
50 years$1,582$868$453$227$111$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,620,000, adding $4,594 every year, while hoping to spend $53,867 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: 72/5/23 Blend
64$1,620,000$1,620,000$1,620,000$1,620,000
65$1,789,979$1,704,119$1,679,009$1,908,334
66$1,915,242$1,730,306$1,677,941$2,014,031
67$2,051,478$1,755,972$1,675,033$2,122,931
68$2,199,747$1,781,033$1,670,165$2,240,887
69$2,361,218$1,805,401$1,663,213$2,368,791
70$2,537,178$1,828,981$1,654,046$2,507,628
71$2,729,043$1,851,674$1,642,529$2,658,484
72$2,938,369$1,873,369$1,628,517$2,822,555
73$3,166,872$1,893,954$1,611,862$3,001,161
74$3,416,439$1,913,304$1,592,405$3,195,755
75$3,689,148$1,931,288$1,569,983$3,407,940
76$3,987,286$1,947,766$1,544,423$3,639,483
77$4,313,373$1,962,591$1,515,545$3,892,333
78$4,670,182$1,975,602$1,483,160$4,168,635
79$5,060,765$1,986,631$1,447,071$4,470,759
80$5,488,486$1,995,499$1,407,071$4,801,312
81$5,957,048$2,002,015$1,362,944$5,163,173
82$6,470,528$2,005,974$1,314,463$5,559,513
83$7,033,417$2,007,163$1,261,394$5,993,827
84$7,650,663$2,005,351$1,203,487$6,469,971
85$8,327,712$2,000,295$1,140,486$6,992,191
86$9,070,566$1,991,737$1,072,120$7,565,174
87$9,885,834$1,979,402$998,106$8,194,080
88$10,780,797$1,963,000$918,150$8,884,602
89$11,763,473$1,942,223$831,944$9,643,015
90$12,842,699$1,916,743$739,165$10,476,233
91$14,028,205$1,886,214$639,478$11,391,881
92$15,330,713$1,850,269$532,531$12,398,364
93$16,762,032$1,808,520$417,958$13,504,944
94$18,335,176$1,760,553$295,375$14,721,833
95$20,064,477$1,705,934$164,384$16,060,287
96$21,965,730$1,644,200$24,567$17,532,715
97$24,056,332$1,574,864$0$19,152,792
98$26,355,454$1,497,408$0$20,966,181
99$28,884,216$1,411,287$0$22,967,334
100$31,665,887$1,315,921$0$25,168,648