Can I retire at age 65 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$85,882$85,117$84,371$83,642$82,931$82,339
2 years$42,516$41,724$40,957$40,213$39,491$38,894
3 years$28,062$27,267$26,502$25,765$25,055$24,472
4 years$20,837$20,044$19,286$18,562$17,869$17,304
5 years$16,503$15,715$14,967$14,257$13,584$13,039
6 years$13,615$12,832$12,096$11,402$10,748$10,223
7 years$11,552$10,777$10,052$9,374$8,741$8,237
8 years$10,006$9,238$8,524$7,864$7,252$6,768
9 years$8,804$8,043$7,342$6,698$6,107$5,644
10 years$7,843$7,089$6,401$5,774$5,204$4,761
11 years$7,058$6,311$5,635$5,025$4,475$4,052
12 years$6,403$5,665$5,001$4,408$3,878$3,475
13 years$5,850$5,119$4,468$3,891$3,382$2,997
14 years$5,376$4,653$4,015$3,454$2,964$2,599
15 years$4,966$4,251$3,625$3,081$2,610$2,263
16 years$4,608$3,900$3,286$2,758$2,307$1,977
17 years$4,292$3,592$2,991$2,478$2,045$1,733
18 years$4,011$3,319$2,730$2,233$1,819$1,523
19 years$3,760$3,076$2,499$2,018$1,621$1,341
20 years$3,535$2,858$2,294$1,828$1,448$1,183
21 years$3,331$2,662$2,110$1,659$1,296$1,046
22 years$3,146$2,485$1,944$1,508$1,161$926
23 years$2,977$2,324$1,795$1,374$1,043$820
24 years$2,823$2,178$1,660$1,253$937$728
25 years$2,681$2,044$1,538$1,144$843$647
26 years$2,551$1,921$1,426$1,046$760$575
27 years$2,430$1,808$1,324$958$685$511
28 years$2,318$1,703$1,231$877$618$455
29 years$2,214$1,607$1,146$805$558$406
30 years$2,117$1,518$1,067$738$504$362
31 years$2,027$1,435$995$678$456$322
32 years$1,942$1,357$928$623$412$288
33 years$1,862$1,286$867$573$373$257
34 years$1,788$1,218$810$527$338$229
35 years$1,718$1,156$757$485$306$205
36 years$1,652$1,097$708$447$277$183
37 years$1,589$1,042$663$412$251$163
38 years$1,530$990$621$380$228$146
39 years$1,475$941$582$350$207$130
40 years$1,422$896$545$323$187$117
41 years$1,372$853$511$298$170$104
42 years$1,324$812$480$275$154$93
43 years$1,279$774$450$254$140$83
44 years$1,236$738$422$234$127$75
45 years$1,195$703$397$216$115$67
46 years$1,155$671$372$200$105$60
47 years$1,118$640$350$185$95$53
48 years$1,082$611$329$171$86$48
49 years$1,048$584$309$158$78$43
50 years$1,015$558$291$146$71$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,040,000, adding $4,677 every year, while hoping to spend $40,170 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: 27/48/25 Blend
64$1,040,000$1,040,000$1,040,000$1,040,000
65$1,150,904$1,095,784$1,079,664$1,172,861
66$1,225,556$1,106,737$1,073,093$1,201,717
67$1,306,476$1,116,880$1,064,954$1,228,878
68$1,394,261$1,126,132$1,055,155$1,257,207
69$1,489,567$1,134,404$1,043,594$1,286,828
70$1,593,117$1,141,604$1,030,169$1,317,882
71$1,705,705$1,147,633$1,014,770$1,350,529
72$1,828,205$1,152,385$997,282$1,384,946
73$1,961,579$1,155,748$977,588$1,421,331
74$2,106,883$1,157,603$955,560$1,459,907
75$2,265,283$1,157,824$931,070$1,500,923
76$2,438,060$1,156,276$903,979$1,544,658
77$2,626,625$1,152,816$874,144$1,591,422
78$2,832,529$1,147,292$841,417$1,641,562
79$3,057,483$1,139,545$805,640$1,695,466
80$3,303,366$1,129,403$766,649$1,753,565
81$3,572,252$1,116,686$724,274$1,816,341
82$3,866,420$1,101,202$678,335$1,884,329
83$4,188,381$1,082,747$628,646$1,958,126
84$4,540,902$1,061,108$575,012$2,038,397
85$4,927,027$1,036,055$517,228$2,125,880
86$5,350,110$1,007,348$455,081$2,221,396
87$5,813,844$974,730$388,349$2,325,859
88$6,322,296$937,933$316,799$2,440,282
89$6,879,947$896,668$240,188$2,565,792
90$7,491,730$850,634$158,263$2,703,639
91$8,163,082$799,510$70,760$2,855,211
92$8,899,988$742,958$0$3,022,047
93$9,709,043$680,619$0$3,211,890
94$10,597,511$612,115$0$3,441,133
95$11,573,395$537,046$0$3,693,060
96$12,645,509$454,989$0$3,970,081
97$13,823,565$365,498$0$4,274,860
98$15,118,262$268,100$0$4,610,342
99$16,541,386$162,298$0$4,979,782
100$18,105,921$47,565$0$5,386,778