Can I retire at age 65 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$86,708$85,936$85,182$84,447$83,728$82,614
2 years$42,925$42,125$41,351$40,599$39,871$38,749
3 years$28,332$27,529$26,757$26,012$25,296$24,203
4 years$21,037$20,237$19,472$18,740$18,041$16,985
5 years$16,662$15,866$15,111$14,394$13,715$12,698
6 years$13,745$12,956$12,212$11,511$10,852$9,876
7 years$11,663$10,880$10,148$9,464$8,825$7,891
8 years$10,102$9,326$8,606$7,939$7,322$6,429
9 years$8,889$8,120$7,413$6,762$6,166$5,314
10 years$7,919$7,158$6,463$5,829$5,254$4,442
11 years$7,125$6,372$5,690$5,073$4,518$3,746
12 years$6,465$5,719$5,049$4,450$3,915$3,182
13 years$5,906$5,168$4,511$3,929$3,414$2,718
14 years$5,428$4,698$4,053$3,487$2,993$2,333
15 years$5,014$4,292$3,660$3,110$2,635$2,011
16 years$4,652$3,938$3,318$2,785$2,329$1,739
17 years$4,333$3,626$3,019$2,502$2,065$1,508
18 years$4,049$3,351$2,756$2,255$1,836$1,311
19 years$3,796$3,106$2,523$2,037$1,637$1,142
20 years$3,569$2,886$2,316$1,845$1,462$997
21 years$3,363$2,688$2,130$1,675$1,308$871
22 years$3,176$2,509$1,963$1,523$1,173$763
23 years$3,006$2,347$1,813$1,387$1,053$668
24 years$2,850$2,199$1,676$1,265$946$586
25 years$2,707$2,063$1,553$1,155$851$515
26 years$2,575$1,939$1,440$1,056$767$452
27 years$2,453$1,825$1,337$967$691$397
28 years$2,340$1,720$1,243$886$624$350
29 years$2,235$1,622$1,157$812$563$308
30 years$2,137$1,532$1,077$745$509$271
31 years$2,046$1,448$1,004$685$460$239
32 years$1,961$1,371$937$629$416$210
33 years$1,880$1,298$875$579$377$185
34 years$1,805$1,230$818$532$341$163
35 years$1,734$1,167$764$490$309$144
36 years$1,668$1,107$715$451$280$127
37 years$1,605$1,052$669$416$254$112
38 years$1,545$1,000$627$383$230$99
39 years$1,489$951$587$353$209$87
40 years$1,436$904$550$326$189$77
41 years$1,385$861$516$301$172$68
42 years$1,337$820$484$278$156$60
43 years$1,291$781$454$256$141$53
44 years$1,248$745$426$237$128$47
45 years$1,206$710$400$218$116$41
46 years$1,167$677$376$202$106$36
47 years$1,129$646$353$186$96$32
48 years$1,093$617$332$172$87$28
49 years$1,058$589$312$159$79$25
50 years$1,025$563$293$147$72$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,050,000, adding $6,242 every year, while hoping to spend $30,782 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: 35/38/27 Blend
64$1,050,000$1,050,000$1,050,000$1,050,000
65$1,163,539$1,107,889$1,091,614$1,194,605
66$1,249,468$1,129,423$1,095,431$1,239,880
67$1,343,130$1,150,982$1,098,344$1,285,478
68$1,445,282$1,172,532$1,100,291$1,334,079
69$1,556,755$1,194,041$1,101,206$1,385,972
70$1,678,466$1,215,471$1,101,018$1,441,479
71$1,811,424$1,236,784$1,099,657$1,500,950
72$1,956,739$1,257,936$1,097,045$1,564,777
73$2,115,634$1,278,881$1,093,103$1,633,391
74$2,289,453$1,299,572$1,087,747$1,707,268
75$2,479,680$1,319,954$1,080,890$1,786,933
76$2,687,947$1,339,971$1,072,438$1,872,969
77$2,916,050$1,359,561$1,062,297$1,966,017
78$3,165,968$1,378,661$1,050,365$2,066,786
79$3,439,881$1,397,200$1,036,537$2,176,060
80$3,740,189$1,415,103$1,020,701$2,294,705
81$4,069,536$1,432,290$1,002,742$2,423,675
82$4,430,834$1,448,678$982,539$2,564,026
83$4,827,289$1,464,173$959,965$2,716,923
84$5,262,435$1,478,680$934,886$2,883,655
85$5,740,163$1,492,095$907,164$3,065,640
86$6,264,759$1,504,307$876,653$3,264,449
87$6,840,946$1,515,199$843,203$3,481,813
88$7,473,925$1,524,647$806,652$3,719,646
89$8,169,426$1,532,516$766,837$3,980,056
90$8,933,764$1,538,665$723,582$4,265,376
91$9,773,892$1,542,944$676,706$4,578,176
92$10,697,473$1,545,192$626,019$4,921,295
93$11,712,948$1,545,240$571,324$5,297,867
94$12,829,619$1,542,906$512,414$5,711,349
95$14,057,731$1,538,000$449,071$6,165,557
96$15,408,575$1,530,317$381,070$6,664,700
97$16,894,589$1,519,642$308,175$7,213,425
98$18,529,478$1,505,745$230,140$7,816,858
99$20,328,343$1,488,385$146,707$8,480,655
100$22,307,820$1,467,302$57,609$9,211,055