Can I retire at age 65 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$137,907$136,679$135,480$134,310$133,168$132,607
2 years$68,271$66,999$65,767$64,572$63,413$62,847
3 years$45,062$43,785$42,556$41,372$40,232$39,678
4 years$33,460$32,186$30,970$29,806$28,694$28,156
5 years$26,500$25,235$24,034$22,894$21,813$21,293
6 years$21,862$20,606$19,423$18,309$17,260$16,758
7 years$18,550$17,305$16,140$15,052$14,037$13,554
8 years$16,068$14,833$13,688$12,627$11,645$11,182
9 years$14,138$12,915$11,790$10,756$9,807$9,362
10 years$12,595$11,384$10,279$9,271$8,356$7,930
11 years$11,333$10,135$9,049$8,069$7,186$6,779
12 years$10,282$9,096$8,031$7,077$6,227$5,838
13 years$9,394$8,220$7,175$6,248$5,430$5,059
14 years$8,633$7,472$6,447$5,547$4,760$4,406
15 years$7,975$6,826$5,821$4,947$4,191$3,854
16 years$7,399$6,263$5,277$4,429$3,704$3,384
17 years$6,891$5,768$4,802$3,980$3,284$2,980
18 years$6,441$5,330$4,384$3,586$2,920$2,631
19 years$6,038$4,939$4,013$3,241$2,603$2,329
20 years$5,676$4,590$3,683$2,935$2,325$2,065
21 years$5,349$4,275$3,388$2,664$2,081$1,835
22 years$5,052$3,991$3,122$2,422$1,865$1,633
23 years$4,781$3,733$2,883$2,206$1,674$1,455
24 years$4,533$3,497$2,666$2,012$1,505$1,298
25 years$4,306$3,282$2,469$1,837$1,354$1,159
26 years$4,096$3,084$2,290$1,680$1,220$1,036
27 years$3,902$2,903$2,127$1,538$1,100$927
28 years$3,722$2,735$1,977$1,409$992$830
29 years$3,555$2,580$1,840$1,292$896$743
30 years$3,399$2,437$1,714$1,186$810$666
31 years$3,254$2,304$1,598$1,089$732$598
32 years$3,118$2,180$1,491$1,001$662$536
33 years$2,991$2,064$1,392$920$599$481
34 years$2,871$1,957$1,300$847$542$432
35 years$2,758$1,856$1,216$779$491$388
36 years$2,652$1,761$1,137$718$445$349
37 years$2,552$1,673$1,065$661$403$314
38 years$2,458$1,590$997$610$366$282
39 years$2,368$1,512$934$562$332$253
40 years$2,283$1,438$875$518$301$228
41 years$2,203$1,369$821$478$273$205
42 years$2,126$1,304$770$441$248$184
43 years$2,053$1,242$723$408$225$166
44 years$1,984$1,184$678$376$204$149
45 years$1,918$1,129$637$347$185$134
46 years$1,855$1,077$598$321$168$121
47 years$1,795$1,028$562$297$153$109
48 years$1,738$981$528$274$139$98
49 years$1,683$937$496$253$126$88
50 years$1,631$895$467$234$114$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,670,000, adding $3,544 every year, while hoping to spend $30,661 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: 53/40/7 Blend
64$1,670,000$1,670,000$1,670,000$1,670,000
65$1,843,996$1,755,486$1,729,601$1,938,456
66$1,999,460$1,808,881$1,754,919$2,056,250
67$2,169,754$1,863,866$1,780,058$2,180,681
68$2,356,359$1,920,485$1,804,980$2,315,310
69$2,560,903$1,978,784$1,829,642$2,461,106
70$2,785,183$2,038,813$1,854,003$2,619,135
71$3,031,177$2,100,619$1,878,017$2,790,570
72$3,301,062$2,164,254$1,901,636$2,976,700
73$3,597,237$2,229,770$1,924,807$3,178,944
74$3,922,345$2,297,219$1,947,478$3,398,866
75$4,279,297$2,366,656$1,969,592$3,638,183
76$4,671,300$2,438,136$1,991,088$3,898,788
77$5,101,886$2,511,718$2,011,903$4,182,764
78$5,574,947$2,587,460$2,031,970$4,492,402
79$6,094,768$2,665,423$2,051,218$4,830,228
80$6,666,074$2,745,668$2,069,572$5,199,020
81$7,294,066$2,828,258$2,086,956$5,601,838
82$7,984,477$2,913,259$2,103,285$6,042,052
83$8,743,622$3,000,737$2,118,474$6,523,371
84$9,578,459$3,090,761$2,132,430$7,049,882
85$10,496,653$3,183,400$2,145,058$7,626,084
86$11,506,651$3,278,725$2,156,256$8,256,932
87$12,617,757$3,376,811$2,165,919$8,947,886
88$13,840,226$3,477,732$2,173,934$9,704,957
89$15,185,353$3,581,565$2,180,185$10,534,767
90$16,665,586$3,688,388$2,184,548$11,444,610
91$18,294,639$3,798,283$2,186,895$12,442,521
92$20,087,625$3,911,331$2,187,088$13,537,351
93$22,061,193$4,027,617$2,184,986$14,738,850
94$24,233,692$4,147,227$2,180,440$16,057,759
95$26,625,336$4,270,249$2,173,292$17,505,912
96$29,258,402$4,396,773$2,163,379$19,096,345
97$32,157,435$4,526,891$2,150,529$20,843,420
98$35,349,481$4,660,697$2,134,560$22,762,961
99$38,864,344$4,798,287$2,115,283$24,872,401
100$42,734,864$4,939,760$2,092,502$27,190,947