Can I retire at age 65 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$136,255$135,042$133,858$132,702$131,573$130,199
2 years$67,453$66,197$64,979$63,799$62,654$61,270
3 years$44,522$43,260$42,046$40,877$39,750$38,400
4 years$33,059$31,801$30,599$29,449$28,350$27,043
5 years$26,183$24,932$23,746$22,620$21,551$20,292
6 years$21,600$20,359$19,190$18,089$17,053$15,843
7 years$18,328$17,098$15,947$14,872$13,869$12,708
8 years$15,875$14,656$13,524$12,476$11,505$10,394
9 years$13,968$12,761$11,649$10,627$9,689$8,627
10 years$12,444$11,248$10,156$9,160$8,256$7,242
11 years$11,197$10,013$8,941$7,972$7,100$6,134
12 years$10,159$8,987$7,935$6,993$6,153$5,233
13 years$9,281$8,122$7,089$6,174$5,365$4,491
14 years$8,530$7,383$6,370$5,480$4,703$3,874
15 years$7,879$6,744$5,751$4,887$4,141$3,354
16 years$7,310$6,188$5,214$4,376$3,660$2,915
17 years$6,809$5,699$4,745$3,932$3,245$2,541
18 years$6,363$5,266$4,331$3,543$2,885$2,220
19 years$5,966$4,880$3,965$3,202$2,572$1,944
20 years$5,608$4,535$3,639$2,900$2,297$1,705
21 years$5,285$4,224$3,347$2,632$2,056$1,498
22 years$4,991$3,943$3,085$2,393$1,843$1,318
23 years$4,724$3,688$2,848$2,179$1,654$1,161
24 years$4,479$3,455$2,634$1,988$1,487$1,024
25 years$4,254$3,243$2,440$1,815$1,338$904
26 years$4,047$3,048$2,263$1,660$1,205$799
27 years$3,855$2,868$2,101$1,519$1,086$706
28 years$3,677$2,703$1,953$1,392$980$625
29 years$3,512$2,550$1,818$1,276$885$553
30 years$3,359$2,408$1,693$1,171$800$490
31 years$3,215$2,276$1,578$1,076$723$434
32 years$3,081$2,154$1,473$989$654$384
33 years$2,955$2,040$1,375$909$592$341
34 years$2,837$1,933$1,285$837$536$302
35 years$2,725$1,834$1,201$770$485$268
36 years$2,621$1,740$1,124$709$440$238
37 years$2,522$1,653$1,052$653$399$211
38 years$2,428$1,571$985$602$361$187
39 years$2,340$1,494$923$555$328$166
40 years$2,256$1,421$865$512$297$148
41 years$2,176$1,353$811$473$270$131
42 years$2,101$1,288$761$436$245$116
43 years$2,029$1,228$714$403$222$103
44 years$1,960$1,170$670$372$202$92
45 years$1,895$1,116$629$343$183$82
46 years$1,833$1,064$591$317$166$73
47 years$1,774$1,016$555$293$151$64
48 years$1,717$970$522$271$137$57
49 years$1,663$926$490$250$124$51
50 years$1,611$885$461$231$113$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,650,000, adding $2,661 every year, while hoping to spend $39,512 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: 78/6/16 Blend
64$1,650,000$1,650,000$1,650,000$1,650,000
65$1,821,045$1,733,595$1,708,020$1,956,607
66$1,964,751$1,776,501$1,723,198$2,089,276
67$2,121,791$1,820,184$1,737,560$2,229,502
68$2,293,483$1,864,643$1,751,038$2,382,228
69$2,481,278$1,909,870$1,763,558$2,548,691
70$2,686,775$1,955,861$1,775,044$2,730,249
71$2,911,734$2,002,606$1,785,416$2,928,404
72$3,158,092$2,050,095$1,794,588$3,144,805
73$3,427,984$2,098,315$1,802,473$3,381,272
74$3,723,759$2,147,254$1,808,977$3,639,809
75$4,048,006$2,196,893$1,814,001$3,922,623
76$4,403,576$2,247,213$1,817,443$4,232,146
77$4,793,607$2,298,194$1,819,195$4,571,059
78$5,221,560$2,349,810$1,819,142$4,942,313
79$5,691,242$2,402,034$1,817,166$5,349,163
80$6,206,850$2,454,834$1,813,143$5,795,190
81$6,773,005$2,508,178$1,806,940$6,284,347
82$7,394,800$2,562,027$1,798,420$6,820,982
83$8,077,843$2,616,339$1,787,441$7,409,892
84$8,828,312$2,671,069$1,773,849$8,056,360
85$9,653,015$2,726,167$1,757,488$8,766,207
86$10,559,451$2,781,577$1,738,192$9,545,849
87$11,555,880$2,837,240$1,715,787$10,402,355
88$12,651,405$2,893,090$1,690,091$11,343,514
89$13,856,054$2,949,057$1,660,915$12,377,910
90$15,180,874$3,005,063$1,628,058$13,515,002
91$16,638,039$3,061,027$1,591,313$14,765,213
92$18,240,958$3,116,857$1,550,462$16,140,030
93$20,004,410$3,172,456$1,505,276$17,652,111
94$21,944,674$3,227,721$1,455,517$19,315,403
95$24,079,689$3,282,538$1,400,935$21,145,279
96$26,429,220$3,336,785$1,341,270$23,158,676
97$29,015,046$3,390,333$1,276,248$25,374,262
98$31,861,163$3,443,041$1,205,584$27,812,606
99$34,994,010$3,494,759$1,128,980$30,496,379
100$38,442,723$3,545,326$1,046,125$33,450,560