Can I retire at age 65 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$88,360$87,573$86,805$86,055$85,323$83,159
2 years$43,742$42,928$42,138$41,373$40,630$38,464
3 years$28,872$28,054$27,266$26,508$25,777$23,677
4 years$21,438$20,622$19,843$19,097$18,385$16,366
5 years$16,979$16,168$15,399$14,669$13,976$12,044
6 years$14,007$13,203$12,445$11,731$11,059$9,216
7 years$11,885$11,088$10,341$9,644$8,994$7,241
8 years$10,295$9,504$8,770$8,090$7,461$5,797
9 years$9,058$8,275$7,554$6,891$6,283$4,707
10 years$8,070$7,294$6,586$5,940$5,354$3,862
11 years$7,261$6,493$5,798$5,170$4,604$3,196
12 years$6,588$5,828$5,146$4,535$3,990$2,662
13 years$6,019$5,267$4,597$4,003$3,479$2,230
14 years$5,531$4,788$4,131$3,554$3,050$1,876
15 years$5,109$4,373$3,729$3,169$2,685$1,583
16 years$4,741$4,013$3,381$2,838$2,373$1,341
17 years$4,415$3,695$3,077$2,550$2,104$1,138
18 years$4,127$3,415$2,809$2,298$1,871$968
19 years$3,869$3,165$2,571$2,076$1,668$825
20 years$3,637$2,941$2,360$1,880$1,490$704
21 years$3,427$2,739$2,171$1,707$1,333$601
22 years$3,237$2,557$2,000$1,552$1,195$514
23 years$3,063$2,392$1,847$1,413$1,073$440
24 years$2,904$2,241$1,708$1,289$964$377
25 years$2,759$2,103$1,582$1,177$868$323
26 years$2,624$1,976$1,467$1,076$781$277
27 years$2,500$1,860$1,363$985$705$238
28 years$2,385$1,753$1,267$903$636$204
29 years$2,278$1,653$1,179$828$574$175
30 years$2,178$1,561$1,098$760$519$151
31 years$2,085$1,476$1,024$698$469$129
32 years$1,998$1,397$955$641$424$111
33 years$1,916$1,323$892$590$384$96
34 years$1,840$1,254$833$543$348$82
35 years$1,767$1,189$779$499$315$71
36 years$1,699$1,129$729$460$285$61
37 years$1,635$1,072$682$424$259$52
38 years$1,575$1,019$639$391$234$45
39 years$1,517$969$598$360$213$39
40 years$1,463$922$561$332$193$33
41 years$1,411$877$526$306$175$29
42 years$1,362$835$493$283$159$25
43 years$1,316$796$463$261$144$21
44 years$1,271$759$435$241$131$18
45 years$1,229$724$408$223$119$16
46 years$1,189$690$383$206$108$14
47 years$1,150$659$360$190$98$12
48 years$1,113$629$338$176$89$10
49 years$1,078$600$318$162$81$9
50 years$1,045$574$299$150$73$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,070,000, adding $2,430 every year, while hoping to spend $31,765 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: 58/14/28 Blend
64$1,070,000$1,070,000$1,070,000$1,070,000
65$1,181,647$1,124,937$1,108,352$1,241,015
66$1,268,377$1,146,261$1,111,684$1,303,283
67$1,362,889$1,167,565$1,114,063$1,367,589
68$1,465,943$1,188,815$1,115,423$1,437,054
69$1,578,376$1,209,974$1,115,697$1,512,189
70$1,701,109$1,231,001$1,114,811$1,593,554
71$1,835,155$1,251,853$1,112,690$1,681,771
72$1,981,630$1,272,484$1,109,255$1,777,522
73$2,141,764$1,292,843$1,104,423$1,881,561
74$2,316,909$1,312,877$1,098,105$1,994,720
75$2,508,554$1,332,528$1,090,212$2,117,917
76$2,718,339$1,351,735$1,080,647$2,252,162
77$2,948,071$1,370,431$1,069,310$2,398,572
78$3,199,738$1,388,546$1,056,096$2,558,377
79$3,475,530$1,406,004$1,040,894$2,732,933
80$3,777,860$1,422,724$1,023,589$2,923,738
81$4,109,384$1,438,619$1,004,062$3,132,443
82$4,473,028$1,453,599$982,185$3,360,866
83$4,872,015$1,467,563$957,826$3,611,017
84$5,309,895$1,480,408$930,848$3,885,108
85$5,790,578$1,492,022$901,106$4,185,580
86$6,318,372$1,502,286$868,447$4,515,126
87$6,898,021$1,511,074$832,716$4,876,714
88$7,534,753$1,518,249$793,745$5,273,618
89$8,234,324$1,523,670$751,362$5,709,447
90$9,003,080$1,527,185$705,387$6,188,180
91$9,848,007$1,528,630$655,631$6,714,206
92$10,776,805$1,527,834$601,896$7,292,365
93$11,797,956$1,524,615$543,976$7,927,990
94$12,920,805$1,518,778$481,657$8,626,964
95$14,155,647$1,510,119$414,713$9,395,773
96$15,513,827$1,498,418$342,909$10,241,568
97$17,007,841$1,483,444$266,000$11,172,230
98$18,651,460$1,464,952$183,730$12,196,453
99$20,459,856$1,442,682$95,832$13,323,817
100$22,449,746$1,416,358$2,027$14,564,888