Can I retire at age 65 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$135,430$134,223$133,046$131,898$130,776$129,303
2 years$67,044$65,796$64,586$63,412$62,274$60,791
3 years$44,252$42,998$41,791$40,629$39,509$38,062
4 years$32,858$31,608$30,413$29,271$28,178$26,779
5 years$26,024$24,781$23,602$22,483$21,421$20,072
6 years$21,469$20,236$19,074$17,980$16,950$15,654
7 years$18,217$16,994$15,850$14,782$13,784$12,543
8 years$15,779$14,567$13,442$12,400$11,436$10,247
9 years$13,884$12,683$11,578$10,562$9,630$8,495
10 years$12,368$11,180$10,094$9,105$8,206$7,123
11 years$11,129$9,953$8,887$7,924$7,057$6,026
12 years$10,098$8,933$7,887$6,950$6,116$5,134
13 years$9,225$8,073$7,046$6,136$5,333$4,401
14 years$8,478$7,338$6,331$5,447$4,675$3,790
15 years$7,831$6,703$5,716$4,858$4,116$3,278
16 years$7,266$6,150$5,182$4,350$3,638$2,845
17 years$6,767$5,664$4,716$3,908$3,225$2,476
18 years$6,325$5,234$4,305$3,522$2,868$2,160
19 years$5,929$4,851$3,941$3,182$2,556$1,889
20 years$5,574$4,507$3,617$2,882$2,283$1,654
21 years$5,253$4,199$3,327$2,616$2,043$1,451
22 years$4,961$3,919$3,066$2,378$1,832$1,275
23 years$4,695$3,666$2,831$2,166$1,644$1,122
24 years$4,452$3,434$2,618$1,976$1,478$988
25 years$4,228$3,223$2,425$1,804$1,330$870
26 years$4,022$3,029$2,249$1,650$1,198$768
27 years$3,832$2,851$2,088$1,510$1,080$678
28 years$3,655$2,686$1,941$1,383$974$599
29 years$3,491$2,534$1,807$1,269$880$529
30 years$3,338$2,393$1,683$1,164$795$468
31 years$3,196$2,262$1,569$1,069$719$414
32 years$3,062$2,141$1,464$983$650$366
33 years$2,937$2,027$1,367$904$588$324
34 years$2,819$1,921$1,277$831$533$287
35 years$2,709$1,822$1,194$765$483$254
36 years$2,605$1,730$1,117$705$437$225
37 years$2,506$1,643$1,045$650$396$199
38 years$2,413$1,561$979$599$359$177
39 years$2,325$1,485$917$552$326$156
40 years$2,242$1,412$860$509$295$139
41 years$2,163$1,345$806$470$268$123
42 years$2,088$1,281$756$434$243$109
43 years$2,017$1,220$710$400$221$97
44 years$1,949$1,163$666$370$200$86
45 years$1,884$1,109$625$341$182$76
46 years$1,822$1,058$587$315$165$67
47 years$1,763$1,010$552$291$150$60
48 years$1,707$964$519$269$136$53
49 years$1,653$920$487$249$124$47
50 years$1,601$879$458$230$112$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,640,000, adding $5,840 every year, while hoping to spend $34,431 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: 60/33/7 Blend
64$1,640,000$1,640,000$1,640,000$1,640,000
65$1,813,304$1,726,384$1,700,964$1,919,155
66$1,961,627$1,774,342$1,721,312$2,038,700
67$2,123,924$1,823,497$1,741,188$2,164,557
68$2,301,586$1,873,870$1,760,539$2,300,959
69$2,496,141$1,925,483$1,779,310$2,448,922
70$2,709,275$1,978,359$1,797,444$2,609,563
71$2,942,841$2,032,519$1,814,879$2,784,111
72$3,198,884$2,087,985$1,831,551$2,973,921
73$3,479,654$2,144,780$1,847,391$3,180,483
74$3,787,627$2,202,923$1,862,328$3,405,438
75$4,125,536$2,262,437$1,876,286$3,650,593
76$4,496,385$2,323,341$1,889,187$3,917,936
77$4,903,488$2,385,656$1,900,946$4,209,660
78$5,350,492$2,449,401$1,911,475$4,528,177
79$5,841,416$2,514,596$1,920,684$4,876,144
80$6,380,687$2,581,258$1,928,473$5,256,488
81$6,973,182$2,649,405$1,934,742$5,672,432
82$7,624,275$2,719,053$1,939,384$6,127,526
83$8,339,883$2,790,219$1,942,286$6,625,683
84$9,126,528$2,862,917$1,943,330$7,171,210
85$9,991,395$2,937,161$1,942,392$7,768,854
86$10,942,397$3,012,962$1,939,342$8,423,842
87$11,988,257$3,090,331$1,934,045$9,141,935
88$13,138,580$3,169,279$1,926,356$9,929,478
89$14,403,953$3,249,812$1,916,127$10,793,463
90$15,796,039$3,331,935$1,903,201$11,741,592
91$17,327,689$3,415,654$1,887,412$12,782,351
92$19,013,062$3,500,969$1,868,588$13,925,091
93$20,867,758$3,587,880$1,846,550$15,180,113
94$22,908,966$3,676,384$1,821,107$16,558,770
95$25,155,629$3,766,474$1,792,061$18,073,567
96$27,628,613$3,858,143$1,759,206$19,738,287
97$30,350,917$3,951,376$1,722,324$21,568,114
98$33,347,877$4,046,160$1,681,189$23,579,780
99$36,647,414$4,142,476$1,635,562$25,791,722
100$40,280,292$4,240,299$1,585,195$28,224,257