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

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$86,708$85,936$85,182$84,447$83,728$81,244
2 years$42,925$42,125$41,351$40,599$39,871$37,388
3 years$28,332$27,529$26,757$26,012$25,296$22,892
4 years$21,037$20,237$19,472$18,740$18,041$15,736
5 years$16,662$15,866$15,111$14,394$13,715$11,514
6 years$13,745$12,956$12,212$11,511$10,852$8,758
7 years$11,663$10,880$10,148$9,464$8,825$6,838
8 years$10,102$9,326$8,606$7,939$7,322$5,439
9 years$8,889$8,120$7,413$6,762$6,166$4,386
10 years$7,919$7,158$6,463$5,829$5,254$3,575
11 years$7,125$6,372$5,690$5,073$4,518$2,938
12 years$6,465$5,719$5,049$4,450$3,915$2,429
13 years$5,906$5,168$4,511$3,929$3,414$2,020
14 years$5,428$4,698$4,053$3,487$2,993$1,686
15 years$5,014$4,292$3,660$3,110$2,635$1,412
16 years$4,652$3,938$3,318$2,785$2,329$1,186
17 years$4,333$3,626$3,019$2,502$2,065$999
18 years$4,049$3,351$2,756$2,255$1,836$843
19 years$3,796$3,106$2,523$2,037$1,637$712
20 years$3,569$2,886$2,316$1,845$1,462$603
21 years$3,363$2,688$2,130$1,675$1,308$511
22 years$3,176$2,509$1,963$1,523$1,173$433
23 years$3,006$2,347$1,813$1,387$1,053$367
24 years$2,850$2,199$1,676$1,265$946$312
25 years$2,707$2,063$1,553$1,155$851$265
26 years$2,575$1,939$1,440$1,056$767$225
27 years$2,453$1,825$1,337$967$691$192
28 years$2,340$1,720$1,243$886$624$163
29 years$2,235$1,622$1,157$812$563$139
30 years$2,137$1,532$1,077$745$509$118
31 years$2,046$1,448$1,004$685$460$101
32 years$1,961$1,371$937$629$416$86
33 years$1,880$1,298$875$579$377$73
34 years$1,805$1,230$818$532$341$62
35 years$1,734$1,167$764$490$309$53
36 years$1,668$1,107$715$451$280$45
37 years$1,605$1,052$669$416$254$38
38 years$1,545$1,000$627$383$230$33
39 years$1,489$951$587$353$209$28
40 years$1,436$904$550$326$189$24
41 years$1,385$861$516$301$172$20
42 years$1,337$820$484$278$156$17
43 years$1,291$781$454$256$141$15
44 years$1,248$745$426$237$128$13
45 years$1,206$710$400$218$116$11
46 years$1,167$677$376$202$106$9
47 years$1,129$646$353$186$96$8
48 years$1,093$617$332$172$87$7
49 years$1,058$589$312$159$79$6
50 years$1,025$563$293$147$72$5

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 $2,494 every year, while hoping to spend $38,819 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: 61/25/14 Blend
64$1,050,000$1,050,000$1,050,000$1,050,000
65$1,159,673$1,104,023$1,087,748$1,226,268
66$1,236,656$1,116,817$1,082,884$1,284,142
67$1,320,191$1,128,936$1,076,556$1,342,662
68$1,410,904$1,140,308$1,068,675$1,405,589
69$1,509,486$1,150,853$1,059,145$1,473,354
70$1,616,695$1,160,486$1,047,868$1,546,430
71$1,733,367$1,169,119$1,034,740$1,625,340
72$1,860,419$1,176,655$1,019,653$1,710,661
73$1,998,864$1,182,993$1,002,494$1,803,030
74$2,149,814$1,188,026$983,143$1,903,149
75$2,314,494$1,191,637$961,477$2,011,794
76$2,494,250$1,193,706$937,365$2,129,820
77$2,690,568$1,194,102$910,671$2,258,171
78$2,905,080$1,192,687$881,253$2,397,887
79$3,139,585$1,189,315$848,961$2,550,119
80$3,396,062$1,183,831$813,641$2,716,134
81$3,676,692$1,176,070$775,129$2,897,330
82$3,983,873$1,165,856$733,255$3,095,250
83$4,320,251$1,153,006$687,841$3,311,598
84$4,688,734$1,137,321$638,702$3,548,251
85$5,092,530$1,118,594$585,643$3,807,282
86$5,535,166$1,096,604$528,460$4,090,976
87$6,020,533$1,071,117$466,944$4,401,856
88$6,552,912$1,041,886$400,870$4,742,703
89$7,137,019$1,008,649$330,010$5,116,586
90$7,778,050$971,127$254,120$5,526,890
91$8,481,727$929,029$172,949$5,977,348
92$9,254,355$882,043$86,234$6,472,078
93$10,102,876$829,840$0$7,015,623
94$11,034,941$772,073$0$7,613,934
95$12,058,976$708,376$0$8,285,403
96$13,184,264$638,359$0$9,023,273
97$14,421,033$561,613$0$9,834,310
98$15,780,549$477,703$0$10,725,976
99$17,275,226$386,171$0$11,706,494
100$18,918,739$286,534$0$12,784,929