Can I retire at age 65 with 1,010,000?

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 $1,010,000?

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%
1 years$83,405$82,662$81,937$81,230$80,539$80,166
2 years$41,290$40,521$39,775$39,053$38,352$37,975
3 years$27,253$26,481$25,737$25,021$24,332$23,964
4 years$20,236$19,466$18,730$18,027$17,354$16,996
5 years$16,027$15,262$14,535$13,846$13,192$12,847
6 years$13,222$12,462$11,747$11,073$10,438$10,106
7 years$11,219$10,466$9,762$9,104$8,489$8,169
8 years$9,717$8,971$8,279$7,637$7,043$6,735
9 years$8,550$7,811$7,130$6,505$5,931$5,636
10 years$7,617$6,885$6,216$5,607$5,053$4,771
11 years$6,854$6,129$5,473$4,880$4,346$4,076
12 years$6,219$5,501$4,857$4,280$3,766$3,508
13 years$5,681$4,972$4,339$3,779$3,284$3,038
14 years$5,221$4,519$3,899$3,355$2,879$2,644
15 years$4,823$4,128$3,520$2,992$2,535$2,311
16 years$4,475$3,788$3,192$2,679$2,240$2,028
17 years$4,168$3,488$2,904$2,407$1,986$1,785
18 years$3,895$3,223$2,651$2,169$1,766$1,575
19 years$3,652$2,987$2,427$1,960$1,574$1,393
20 years$3,433$2,776$2,227$1,775$1,406$1,234
21 years$3,235$2,586$2,049$1,611$1,258$1,096
22 years$3,055$2,414$1,888$1,465$1,128$974
23 years$2,891$2,257$1,743$1,334$1,013$868
24 years$2,742$2,115$1,612$1,217$910$773
25 years$2,604$1,985$1,493$1,111$819$690
26 years$2,477$1,865$1,385$1,016$738$616
27 years$2,360$1,756$1,286$930$665$551
28 years$2,251$1,654$1,196$852$600$493
29 years$2,150$1,561$1,113$781$542$441
30 years$2,056$1,474$1,036$717$490$395
31 years$1,968$1,393$966$659$443$354
32 years$1,886$1,318$901$605$400$317
33 years$1,809$1,248$842$557$362$285
34 years$1,736$1,183$786$512$328$255
35 years$1,668$1,122$735$471$297$229
36 years$1,604$1,065$688$434$269$206
37 years$1,544$1,012$644$400$244$185
38 years$1,486$962$603$369$221$166
39 years$1,432$914$565$340$201$149
40 years$1,381$870$529$314$182$134
41 years$1,332$828$496$289$165$120
42 years$1,286$789$466$267$150$108
43 years$1,242$751$437$246$136$97
44 years$1,200$716$410$228$123$88
45 years$1,160$683$385$210$112$79
46 years$1,122$652$362$194$102$71
47 years$1,086$622$340$179$92$64
48 years$1,051$594$319$166$84$57
49 years$1,018$567$300$153$76$52
50 years$986$541$282$142$69$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,010,000, adding $4,324 every year, while hoping to spend $30,008 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: 46/30/24 Blend
64$1,010,000$1,010,000$1,010,000$1,010,000
65$1,117,480$1,063,950$1,048,295$1,161,007
66$1,199,535$1,084,155$1,051,485$1,212,286
67$1,288,953$1,104,345$1,053,776$1,264,606
68$1,386,455$1,124,487$1,055,106$1,320,773
69$1,492,832$1,144,545$1,055,410$1,381,160
70$1,608,956$1,164,482$1,054,621$1,446,180
71$1,735,785$1,184,258$1,052,667$1,516,291
72$1,874,377$1,203,828$1,049,473$1,591,994
73$2,025,894$1,223,146$1,044,960$1,673,845
74$2,191,615$1,242,161$1,039,047$1,762,457
75$2,372,952$1,260,818$1,031,647$1,858,506
76$2,571,455$1,279,060$1,022,669$1,962,738
77$2,788,834$1,296,825$1,012,019$2,075,976
78$3,026,971$1,314,045$999,598$2,199,129
79$3,287,939$1,330,650$985,301$2,333,200
80$3,574,020$1,346,564$969,020$2,479,295
81$3,887,729$1,361,704$950,641$2,638,635
82$4,231,835$1,375,985$930,045$2,812,566
83$4,609,388$1,389,314$907,107$3,002,575
84$5,023,747$1,401,592$881,697$3,210,302
85$5,478,613$1,412,714$853,678$3,437,555
86$5,978,062$1,422,568$822,907$3,686,331
87$6,526,586$1,431,035$789,235$3,958,831
88$7,129,129$1,437,987$752,506$4,257,485
89$7,791,142$1,443,291$712,557$4,584,971
90$8,518,628$1,446,801$669,218$4,944,246
91$9,318,201$1,448,367$622,309$5,338,570
92$10,197,146$1,447,826$571,645$5,771,540
93$11,163,491$1,445,005$517,031$6,247,122
94$12,226,079$1,439,723$458,264$6,769,693
95$13,394,655$1,431,785$395,131$7,344,077
96$14,679,953$1,420,985$327,411$7,975,596
97$16,093,801$1,407,107$254,873$8,670,122
98$17,649,232$1,389,918$177,274$9,434,127
99$19,360,603$1,369,173$94,362$10,274,751
100$21,243,735$1,344,614$5,874$11,199,865