Can I retire at age 65 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$90,011$89,209$88,427$87,664$86,918$86,552
2 years$44,560$43,730$42,926$42,146$41,390$41,020
3 years$29,412$28,578$27,776$27,003$26,259$25,897
4 years$21,839$21,008$20,214$19,454$18,728$18,377
5 years$17,296$16,470$15,687$14,943$14,237$13,898
6 years$14,269$13,449$12,677$11,950$11,265$10,938
7 years$12,108$11,295$10,535$9,825$9,162$8,847
8 years$10,487$9,682$8,934$8,242$7,600$7,298
9 years$9,228$8,430$7,695$7,020$6,401$6,111
10 years$8,220$7,430$6,709$6,051$5,454$5,176
11 years$7,397$6,615$5,906$5,267$4,690$4,425
12 years$6,711$5,937$5,242$4,619$4,065$3,811
13 years$6,131$5,365$4,683$4,078$3,544$3,302
14 years$5,635$4,877$4,208$3,620$3,107$2,876
15 years$5,205$4,455$3,799$3,229$2,736$2,516
16 years$4,829$4,088$3,444$2,891$2,418$2,209
17 years$4,498$3,765$3,134$2,597$2,144$1,945
18 years$4,204$3,479$2,861$2,341$1,906$1,717
19 years$3,941$3,224$2,619$2,115$1,699$1,520
20 years$3,705$2,996$2,404$1,916$1,518$1,348
21 years$3,491$2,790$2,211$1,739$1,358$1,198
22 years$3,297$2,605$2,038$1,581$1,217$1,066
23 years$3,121$2,436$1,882$1,440$1,093$950
24 years$2,959$2,283$1,740$1,313$982$847
25 years$2,810$2,142$1,612$1,199$884$756
26 years$2,673$2,013$1,495$1,096$796$676
27 years$2,547$1,895$1,388$1,004$718$605
28 years$2,429$1,785$1,290$919$648$542
29 years$2,320$1,684$1,201$843$585$485
30 years$2,219$1,591$1,119$774$528$435
31 years$2,124$1,504$1,043$711$478$390
32 years$2,035$1,423$973$653$432$350
33 years$1,952$1,347$908$601$391$314
34 years$1,874$1,277$849$553$354$282
35 years$1,800$1,211$794$509$321$253
36 years$1,731$1,150$742$469$291$228
37 years$1,666$1,092$695$432$263$205
38 years$1,604$1,038$651$398$239$184
39 years$1,546$987$610$367$217$165
40 years$1,490$939$571$338$196$149
41 years$1,438$894$536$312$178$134
42 years$1,388$851$503$288$162$120
43 years$1,340$811$472$266$147$108
44 years$1,295$773$443$246$133$97
45 years$1,252$737$416$227$121$88
46 years$1,211$703$390$210$110$79
47 years$1,172$671$367$194$100$71
48 years$1,134$641$345$179$91$64
49 years$1,098$612$324$165$82$58
50 years$1,064$584$305$153$75$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,090,000, adding $3,222 every year, while hoping to spend $53,278 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: 79/16/5 Blend
64$1,090,000$1,090,000$1,090,000$1,090,000
65$1,204,503$1,146,733$1,129,838$1,299,169
66$1,270,675$1,146,236$1,111,001$1,361,127
67$1,341,811$1,143,929$1,089,746$1,421,732
68$1,418,361$1,139,666$1,065,938$1,486,595
69$1,500,819$1,133,295$1,039,432$1,556,113
70$1,589,728$1,124,652$1,010,078$1,630,725
71$1,685,684$1,113,564$977,720$1,710,911
72$1,789,343$1,099,847$942,192$1,797,204
73$1,901,424$1,083,307$903,323$1,890,188
74$2,022,718$1,063,739$860,934$1,990,510
75$2,154,096$1,040,922$814,836$2,098,880
76$2,296,514$1,014,628$764,833$2,216,081
77$2,451,023$984,610$710,720$2,342,979
78$2,618,781$950,609$652,283$2,480,526
79$2,801,060$912,352$589,297$2,629,771
80$2,999,258$869,547$521,529$2,791,873
81$3,214,917$821,889$448,734$2,968,109
82$3,449,729$769,052$370,657$3,159,885
83$3,705,558$710,693$287,032$3,368,753
84$3,984,458$646,449$197,579$3,596,425
85$4,288,684$575,937$102,010$3,844,786
86$4,620,722$498,751$20$4,115,916
87$4,983,308$414,462$0$4,412,110
88$5,379,453$322,618$0$4,741,701
89$5,812,472$222,740$0$5,102,051
90$6,286,014$114,325$0$5,496,251
91$6,804,099$0$0$5,927,711
92$7,371,152$0$0$6,400,745
93$7,992,044$0$0$6,940,764
94$8,672,142$0$0$7,532,310
95$9,417,355$0$0$8,180,526
96$10,234,189$0$0$8,891,078
97$11,129,814$0$0$9,670,205
98$12,112,122$0$0$10,524,778
99$13,189,807$0$0$11,462,366
100$14,372,448$0$0$12,491,307