Can I retire at age 65 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$147,817$146,500$145,215$143,961$142,737$137,892
2 years$73,176$71,814$70,493$69,212$67,970$63,137
3 years$48,300$46,931$45,614$44,345$43,123$38,454
4 years$35,864$34,499$33,195$31,948$30,756$26,287
5 years$28,404$27,048$25,761$24,539$23,380$19,123
6 years$23,433$22,087$20,818$19,624$18,500$14,458
7 years$19,883$18,548$17,300$16,134$15,045$11,218
8 years$17,222$15,899$14,672$13,534$12,482$8,865
9 years$15,153$13,843$12,637$11,528$10,511$7,102
10 years$13,500$12,202$11,017$9,938$8,956$5,748
11 years$12,147$10,863$9,699$8,649$7,703$4,690
12 years$11,021$9,750$8,608$7,586$6,675$3,850
13 years$10,069$8,811$7,691$6,697$5,821$3,177
14 years$9,254$8,009$6,910$5,945$5,102$2,632
15 years$8,548$7,316$6,239$5,302$4,492$2,188
16 years$7,930$6,713$5,656$4,747$3,970$1,823
17 years$7,386$6,182$5,147$4,265$3,520$1,523
18 years$6,903$5,713$4,699$3,844$3,130$1,274
19 years$6,472$5,294$4,301$3,473$2,790$1,068
20 years$6,084$4,920$3,948$3,146$2,492$896
21 years$5,733$4,583$3,631$2,855$2,230$753
22 years$5,415$4,278$3,347$2,596$1,999$633
23 years$5,125$4,001$3,090$2,364$1,794$532
24 years$4,859$3,748$2,858$2,156$1,613$448
25 years$4,615$3,518$2,647$1,969$1,451$378
26 years$4,390$3,306$2,455$1,801$1,307$318
27 years$4,182$3,111$2,279$1,648$1,179$268
28 years$3,990$2,932$2,119$1,510$1,064$226
29 years$3,810$2,766$1,972$1,385$960$191
30 years$3,644$2,612$1,837$1,271$868$161
31 years$3,488$2,469$1,712$1,167$785$136
32 years$3,342$2,336$1,598$1,073$710$115
33 years$3,206$2,213$1,492$986$642$97
34 years$3,077$2,097$1,394$908$581$82
35 years$2,957$1,989$1,303$835$527$69
36 years$2,843$1,888$1,219$769$477$58
37 years$2,736$1,793$1,141$709$432$49
38 years$2,634$1,704$1,069$653$392$41
39 years$2,538$1,620$1,001$602$356$35
40 years$2,447$1,542$938$556$323$30
41 years$2,361$1,468$880$513$293$25
42 years$2,279$1,398$825$473$265$21
43 years$2,201$1,332$774$437$241$18
44 years$2,127$1,269$727$403$219$15
45 years$2,056$1,210$683$372$199$13
46 years$1,989$1,155$641$344$180$11
47 years$1,924$1,102$602$318$164$9
48 years$1,863$1,052$566$294$149$8
49 years$1,804$1,005$532$271$135$6
50 years$1,748$960$500$251$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,790,000, adding $6,608 every year, while hoping to spend $29,543 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: 67/28/5 Blend
64$1,790,000$1,790,000$1,790,000$1,790,000
65$1,979,396$1,884,526$1,856,781$2,110,369
66$2,149,861$1,945,434$1,887,550$2,258,913
67$2,336,723$2,008,337$1,918,359$2,417,031
68$2,541,624$2,073,301$1,949,179$2,589,077
69$2,766,371$2,140,394$1,979,978$2,776,403
70$3,012,956$2,209,688$2,010,722$2,980,499
71$3,283,571$2,281,256$2,041,375$3,203,004
72$3,580,633$2,355,175$2,071,899$3,445,722
73$3,906,802$2,431,524$2,102,252$3,710,640
74$4,265,011$2,510,383$2,132,392$3,999,942
75$4,658,487$2,591,838$2,162,273$4,316,037
76$5,090,790$2,675,974$2,191,846$4,661,574
77$5,565,837$2,762,884$2,221,059$5,039,470
78$6,087,946$2,852,659$2,249,859$5,452,937
79$6,661,874$2,945,396$2,278,186$5,905,514
80$7,292,860$3,041,196$2,305,981$6,401,095
81$7,986,679$3,140,162$2,333,178$6,943,971
82$8,749,690$3,242,400$2,359,710$7,538,865
83$9,588,903$3,348,021$2,385,504$8,190,981
84$10,512,037$3,457,140$2,410,484$8,906,050
85$11,527,600$3,569,876$2,434,571$9,690,384
86$12,644,967$3,686,351$2,457,680$10,550,934
87$13,874,463$3,806,692$2,479,722$11,495,361
88$15,227,469$3,931,030$2,500,604$12,532,098
89$16,716,522$4,059,502$2,520,226$13,670,438
90$18,355,439$4,192,249$2,538,484$14,920,619
91$20,159,440$4,329,416$2,555,270$16,293,916
92$22,145,300$4,471,154$2,570,468$17,802,752
93$24,331,499$4,617,620$2,583,958$19,460,813
94$26,738,403$4,768,974$2,595,612$21,283,177
95$29,388,452$4,925,386$2,605,297$23,286,453
96$32,306,372$5,087,028$2,612,872$25,488,943
97$35,519,410$5,254,079$2,618,191$27,910,808
98$39,057,587$5,426,727$2,621,097$30,574,263
99$42,953,987$5,605,163$2,621,430$33,503,782
100$47,245,065$5,789,586$2,619,019$36,726,331