Can I retire at age 65 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$89,185$88,391$87,616$86,859$86,121$84,451
2 years$44,151$43,329$42,532$41,759$41,010$39,334
3 years$29,142$28,316$27,521$26,756$26,018$24,389
4 years$21,638$20,815$20,028$19,276$18,557$16,987
5 years$17,138$16,319$15,543$14,806$14,106$12,600
6 years$14,138$13,326$12,561$11,840$11,162$9,721
7 years$11,997$11,191$10,438$9,735$9,078$7,702
8 years$10,391$9,593$8,852$8,166$7,531$6,220
9 years$9,143$8,352$7,625$6,956$6,342$5,096
10 years$8,145$7,362$6,647$5,996$5,404$4,221
11 years$7,329$6,554$5,852$5,218$4,647$3,526
12 years$6,650$5,883$5,194$4,577$4,027$2,966
13 years$6,075$5,316$4,640$4,041$3,512$2,509
14 years$5,583$4,832$4,169$3,587$3,078$2,132
15 years$5,157$4,414$3,764$3,199$2,711$1,819
16 years$4,785$4,050$3,413$2,864$2,396$1,557
17 years$4,457$3,730$3,106$2,574$2,124$1,336
18 years$4,165$3,447$2,835$2,319$1,889$1,149
19 years$3,905$3,194$2,595$2,096$1,683$990
20 years$3,671$2,968$2,382$1,898$1,504$854
21 years$3,459$2,765$2,191$1,723$1,346$738
22 years$3,267$2,581$2,019$1,566$1,206$639
23 years$3,092$2,414$1,864$1,426$1,083$553
24 years$2,932$2,262$1,724$1,301$973$480
25 years$2,784$2,122$1,597$1,188$876$416
26 years$2,649$1,995$1,481$1,086$789$361
27 years$2,523$1,877$1,375$994$711$314
28 years$2,407$1,769$1,279$911$642$273
29 years$2,299$1,669$1,190$835$579$237
30 years$2,198$1,576$1,108$767$524$206
31 years$2,104$1,490$1,033$704$473$179
32 years$2,017$1,410$964$647$428$156
33 years$1,934$1,335$900$595$387$136
34 years$1,857$1,265$841$548$351$118
35 years$1,784$1,200$786$504$318$103
36 years$1,715$1,139$736$464$288$90
37 years$1,651$1,082$688$428$261$78
38 years$1,589$1,028$645$394$237$68
39 years$1,531$978$604$364$215$59
40 years$1,477$930$566$335$195$52
41 years$1,424$885$531$309$177$45
42 years$1,375$843$498$285$160$39
43 years$1,328$803$467$264$145$34
44 years$1,283$766$439$243$132$30
45 years$1,241$730$412$225$120$26
46 years$1,200$697$387$208$109$23
47 years$1,161$665$363$192$99$20
48 years$1,124$635$341$177$90$17
49 years$1,088$606$321$164$81$15
50 years$1,054$579$302$151$74$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,080,000, adding $4,335 every year, while hoping to spend $34,255 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: 56/14/30 Blend
64$1,080,000$1,080,000$1,080,000$1,080,000
65$1,194,632$1,137,392$1,120,652$1,251,395
66$1,280,037$1,156,677$1,121,746$1,310,302
67$1,373,006$1,175,759$1,121,730$1,370,557
68$1,474,273$1,194,591$1,120,528$1,435,532
69$1,584,648$1,213,126$1,118,065$1,505,695
70$1,705,021$1,231,308$1,114,259$1,581,563
71$1,836,372$1,249,081$1,109,026$1,663,706
72$1,979,781$1,266,385$1,102,277$1,752,755
73$2,136,434$1,283,153$1,093,919$1,849,402
74$2,307,640$1,299,317$1,083,855$1,954,416
75$2,494,837$1,314,802$1,071,982$2,068,640
76$2,699,610$1,329,527$1,058,194$2,193,010
77$2,923,705$1,343,409$1,042,378$2,328,554
78$3,169,043$1,356,355$1,024,417$2,476,409
79$3,437,740$1,368,271$1,004,189$2,637,829
80$3,732,125$1,379,052$981,565$2,814,196
81$4,054,765$1,388,589$956,411$3,007,037
82$4,408,487$1,396,765$928,586$3,218,034
83$4,796,402$1,403,457$897,944$3,449,046
84$5,221,939$1,408,530$864,329$3,702,121
85$5,688,875$1,411,847$827,583$3,979,518
86$6,201,369$1,413,255$787,535$4,283,732
87$6,764,002$1,412,599$744,011$4,617,511
88$7,381,822$1,409,708$696,827$4,983,889
89$8,060,388$1,404,404$645,791$5,386,212
90$8,805,825$1,396,497$590,702$5,828,167
91$9,624,880$1,385,786$531,352$6,313,827
92$10,524,985$1,372,057$467,519$6,847,677
93$11,514,330$1,355,084$398,978$7,434,668
94$12,601,935$1,334,626$325,487$8,080,257
95$13,797,741$1,310,431$246,799$8,790,464
96$15,112,696$1,282,228$162,652$9,571,927
97$16,558,866$1,249,731$72,776$10,431,964
98$18,149,542$1,212,640$0$11,378,646
99$19,899,369$1,170,634$0$12,428,280
100$21,824,485$1,123,375$0$13,608,612