Can I retire at age 65 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$137,081$135,860$134,669$133,506$132,371$128,546
2 years$67,862$66,598$65,373$64,186$63,034$59,210
3 years$44,792$43,523$42,301$41,124$39,991$36,289
4 years$33,259$31,994$30,784$29,628$28,522$24,970
5 years$26,341$25,083$23,890$22,757$21,682$18,290
6 years$21,731$20,483$19,306$18,199$17,156$13,927
7 years$18,439$17,201$16,044$14,962$13,953$10,886
8 years$15,971$14,745$13,606$12,552$11,575$8,669
9 years$14,053$12,838$11,719$10,691$9,748$7,000
10 years$12,519$11,316$10,217$9,216$8,306$5,712
11 years$11,265$10,074$8,995$8,021$7,143$4,700
12 years$10,221$9,042$7,983$7,035$6,190$3,892
13 years$9,338$8,171$7,132$6,211$5,398$3,240
14 years$8,582$7,427$6,408$5,513$4,732$2,708
15 years$7,927$6,785$5,786$4,917$4,166$2,272
16 years$7,354$6,225$5,246$4,403$3,682$1,911
17 years$6,850$5,733$4,773$3,956$3,265$1,612
18 years$6,402$5,298$4,357$3,565$2,903$1,362
19 years$6,002$4,910$3,989$3,221$2,587$1,153
20 years$5,642$4,562$3,661$2,917$2,311$977
21 years$5,317$4,250$3,367$2,648$2,068$829
22 years$5,021$3,967$3,104$2,407$1,854$704
23 years$4,752$3,710$2,866$2,192$1,664$598
24 years$4,506$3,476$2,650$2,000$1,496$509
25 years$4,280$3,262$2,455$1,826$1,346$433
26 years$4,071$3,066$2,276$1,670$1,212$369
27 years$3,878$2,885$2,114$1,528$1,093$314
28 years$3,700$2,719$1,965$1,400$986$268
29 years$3,534$2,565$1,829$1,284$891$228
30 years$3,379$2,422$1,703$1,179$805$195
31 years$3,235$2,290$1,588$1,082$728$166
32 years$3,099$2,167$1,482$995$658$142
33 years$2,973$2,052$1,383$915$596$121
34 years$2,854$1,945$1,293$842$539$103
35 years$2,742$1,845$1,208$775$488$88
36 years$2,636$1,751$1,131$714$443$75
37 years$2,537$1,663$1,058$657$401$64
38 years$2,443$1,580$991$606$364$55
39 years$2,354$1,503$928$559$330$47
40 years$2,269$1,430$870$515$299$40
41 years$2,189$1,361$816$475$271$34
42 years$2,113$1,296$765$439$246$29
43 years$2,041$1,235$718$405$223$25
44 years$1,972$1,177$674$374$203$21
45 years$1,907$1,123$633$345$184$18
46 years$1,844$1,071$595$319$167$15
47 years$1,785$1,022$559$295$152$13
48 years$1,727$976$525$272$138$11
49 years$1,673$932$493$252$125$10
50 years$1,621$890$464$233$114$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,660,000, adding $6,169 every year, while hoping to spend $31,109 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: 71/14/15 Blend
64$1,660,000$1,660,000$1,660,000$1,660,000
65$1,835,683$1,747,703$1,721,973$1,959,356
66$1,989,823$1,800,241$1,746,560$2,094,812
67$2,158,643$1,854,310$1,770,927$2,238,706
68$2,343,607$1,909,954$1,795,035$2,395,425
69$2,546,327$1,967,214$1,818,842$2,566,231
70$2,768,581$2,026,136$1,842,301$2,752,513
71$3,012,324$2,086,765$1,865,367$2,955,802
72$3,279,712$2,149,147$1,887,987$3,177,783
73$3,573,117$2,213,330$1,910,109$3,420,310
74$3,895,155$2,279,363$1,931,677$3,685,429
75$4,248,704$2,347,294$1,952,631$3,975,390
76$4,636,936$2,417,176$1,972,909$4,292,673
77$5,063,346$2,489,061$1,992,444$4,640,011
78$5,531,784$2,563,001$2,011,168$5,020,411
79$6,046,489$2,639,052$2,029,005$5,437,188
80$6,612,135$2,717,269$2,045,880$5,893,995
81$7,233,866$2,797,708$2,061,711$6,394,853
82$7,917,354$2,880,429$2,076,412$6,944,195
83$8,668,845$2,965,491$2,089,892$7,546,903
84$9,495,221$3,052,955$2,102,058$8,208,356
85$10,404,066$3,142,882$2,112,809$8,934,481
86$11,403,733$3,235,336$2,122,041$9,731,808
87$12,503,428$3,330,381$2,129,643$10,607,532
88$13,713,292$3,428,084$2,135,500$11,569,579
89$15,044,499$3,528,511$2,139,491$12,626,683
90$16,509,361$3,631,732$2,141,487$13,788,469
91$18,121,445$3,737,815$2,141,356$15,065,539
92$19,895,697$3,846,833$2,138,956$16,469,579
93$21,848,588$3,958,858$2,134,141$18,013,462
94$23,998,264$4,073,962$2,126,755$19,711,374
95$26,364,723$4,192,222$2,116,637$21,578,948
96$28,969,998$4,313,714$2,103,618$23,633,407
97$31,838,367$4,438,516$2,087,518$25,893,731
98$34,996,583$4,566,705$2,068,153$28,380,836
99$38,474,124$4,698,363$2,045,325$31,117,768
100$42,303,473$4,833,571$2,018,832$34,129,921