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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,784
2 years$41,290$40,521$39,775$39,053$38,352$36,593
3 years$27,253$26,481$25,737$25,021$24,332$22,623
4 years$20,236$19,466$18,730$18,027$17,354$15,709
5 years$16,027$15,262$14,535$13,846$13,192$11,616
6 years$13,222$12,462$11,747$11,073$10,438$8,932
7 years$11,219$10,466$9,762$9,104$8,489$7,053
8 years$9,717$8,971$8,279$7,637$7,043$5,677
9 years$8,550$7,811$7,130$6,505$5,931$4,634
10 years$7,617$6,885$6,216$5,607$5,053$3,824
11 years$6,854$6,129$5,473$4,880$4,346$3,182
12 years$6,219$5,501$4,857$4,280$3,766$2,667
13 years$5,681$4,972$4,339$3,779$3,284$2,247
14 years$5,221$4,519$3,899$3,355$2,879$1,902
15 years$4,823$4,128$3,520$2,992$2,535$1,616
16 years$4,475$3,788$3,192$2,679$2,240$1,377
17 years$4,168$3,488$2,904$2,407$1,986$1,176
18 years$3,895$3,223$2,651$2,169$1,766$1,007
19 years$3,652$2,987$2,427$1,960$1,574$864
20 years$3,433$2,776$2,227$1,775$1,406$742
21 years$3,235$2,586$2,049$1,611$1,258$638
22 years$3,055$2,414$1,888$1,465$1,128$550
23 years$2,891$2,257$1,743$1,334$1,013$474
24 years$2,742$2,115$1,612$1,217$910$409
25 years$2,604$1,985$1,493$1,111$819$353
26 years$2,477$1,865$1,385$1,016$738$305
27 years$2,360$1,756$1,286$930$665$264
28 years$2,251$1,654$1,196$852$600$228
29 years$2,150$1,561$1,113$781$542$197
30 years$2,056$1,474$1,036$717$490$171
31 years$1,968$1,393$966$659$443$148
32 years$1,886$1,318$901$605$400$128
33 years$1,809$1,248$842$557$362$111
34 years$1,736$1,183$786$512$328$96
35 years$1,668$1,122$735$471$297$83
36 years$1,604$1,065$688$434$269$72
37 years$1,544$1,012$644$400$244$62
38 years$1,486$962$603$369$221$54
39 years$1,432$914$565$340$201$47
40 years$1,381$870$529$314$182$41
41 years$1,332$828$496$289$165$35
42 years$1,286$789$466$267$150$31
43 years$1,242$751$437$246$136$27
44 years$1,200$716$410$228$123$23
45 years$1,160$683$385$210$112$20
46 years$1,122$652$362$194$102$17
47 years$1,086$622$340$179$92$15
48 years$1,051$594$319$166$84$13
49 years$1,018$567$300$153$76$11
50 years$986$541$282$142$69$10

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 $3,281 every year, while hoping to spend $57,906 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: 68/13/19 Blend
64$1,010,000$1,010,000$1,010,000$1,010,000
65$1,116,404$1,062,874$1,047,219$1,186,892
66$1,168,666$1,053,344$1,020,690$1,224,882
67$1,224,318$1,041,405$991,330$1,259,351
68$1,283,644$1,026,880$958,986$1,295,640
69$1,346,956$1,009,578$923,493$1,333,924
70$1,414,597$989,298$884,681$1,374,399
71$1,486,939$965,827$842,371$1,417,281
72$1,564,395$938,940$796,378$1,462,811
73$1,647,413$908,398$746,506$1,511,256
74$1,736,487$873,948$692,553$1,562,910
75$1,832,160$835,323$634,304$1,618,102
76$1,935,026$792,239$571,539$1,677,196
77$2,045,738$744,398$504,025$1,740,595
78$2,165,012$691,482$431,519$1,808,744
79$2,293,637$633,158$353,768$1,882,141
80$2,432,476$569,072$270,508$1,961,331
81$2,582,482$498,849$181,463$2,046,924
82$2,744,697$422,096$86,344$2,139,591
83$2,920,271$338,393$0$2,240,076
84$3,110,466$247,301$0$2,352,279
85$3,316,668$148,354$0$2,492,918
86$3,540,405$41,059$0$2,645,546
87$3,783,354$0$0$2,811,349
88$4,047,361$0$0$3,002,379
89$4,334,457$0$0$3,216,555
90$4,646,877$0$0$3,449,677
91$4,987,078$0$0$3,703,586
92$5,357,765$0$0$3,980,308
93$5,761,916$0$0$4,282,073
94$6,202,806$0$0$4,611,334
95$6,684,042$0$0$4,970,794
96$7,209,593$0$0$5,363,426
97$7,783,830$0$0$5,792,502
98$8,411,563$0$0$6,261,628
99$9,098,089$0$0$6,774,771
100$9,849,239$0$0$7,336,299