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%13%
1 years$90,011$89,209$88,427$87,664$86,918$85,832
2 years$44,560$43,730$42,926$42,146$41,390$40,297
3 years$29,412$28,578$27,776$27,003$26,259$25,194
4 years$21,839$21,008$20,214$19,454$18,728$17,698
5 years$17,296$16,470$15,687$14,943$14,237$13,245
6 years$14,269$13,449$12,677$11,950$11,265$10,313
7 years$12,108$11,295$10,535$9,825$9,162$8,249
8 years$10,487$9,682$8,934$8,242$7,600$6,728
9 years$9,228$8,430$7,695$7,020$6,401$5,568
10 years$8,220$7,430$6,709$6,051$5,454$4,660
11 years$7,397$6,615$5,906$5,267$4,690$3,935
12 years$6,711$5,937$5,242$4,619$4,065$3,346
13 years$6,131$5,365$4,683$4,078$3,544$2,863
14 years$5,635$4,877$4,208$3,620$3,107$2,461
15 years$5,205$4,455$3,799$3,229$2,736$2,124
16 years$4,829$4,088$3,444$2,891$2,418$1,839
17 years$4,498$3,765$3,134$2,597$2,144$1,597
18 years$4,204$3,479$2,861$2,341$1,906$1,391
19 years$3,941$3,224$2,619$2,115$1,699$1,213
20 years$3,705$2,996$2,404$1,916$1,518$1,060
21 years$3,491$2,790$2,211$1,739$1,358$928
22 years$3,297$2,605$2,038$1,581$1,217$814
23 years$3,121$2,436$1,882$1,440$1,093$714
24 years$2,959$2,283$1,740$1,313$982$627
25 years$2,810$2,142$1,612$1,199$884$552
26 years$2,673$2,013$1,495$1,096$796$485
27 years$2,547$1,895$1,388$1,004$718$427
28 years$2,429$1,785$1,290$919$648$377
29 years$2,320$1,684$1,201$843$585$332
30 years$2,219$1,591$1,119$774$528$293
31 years$2,124$1,504$1,043$711$478$258
32 years$2,035$1,423$973$653$432$228
33 years$1,952$1,347$908$601$391$201
34 years$1,874$1,277$849$553$354$178
35 years$1,800$1,211$794$509$321$157
36 years$1,731$1,150$742$469$291$139
37 years$1,666$1,092$695$432$263$123
38 years$1,604$1,038$651$398$239$108
39 years$1,546$987$610$367$217$96
40 years$1,490$939$571$338$196$85
41 years$1,438$894$536$312$178$75
42 years$1,388$851$503$288$162$66
43 years$1,340$811$472$266$147$59
44 years$1,295$773$443$246$133$52
45 years$1,252$737$416$227$121$46
46 years$1,211$703$390$210$110$41
47 years$1,172$671$367$194$100$36
48 years$1,134$641$345$179$91$32
49 years$1,098$612$324$165$82$28
50 years$1,064$584$305$153$75$25

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 $2,992 every year, while hoping to spend $23,247 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: 39/47/14 Blend
64$1,090,000$1,090,000$1,090,000$1,090,000
65$1,204,266$1,146,496$1,129,601$1,246,060
66$1,302,367$1,177,940$1,142,708$1,307,499
67$1,409,694$1,210,145$1,155,475$1,371,404
68$1,527,166$1,243,125$1,167,866$1,439,998
69$1,655,790$1,276,892$1,179,843$1,513,715
70$1,796,679$1,311,458$1,191,366$1,593,034
71$1,951,057$1,346,835$1,202,394$1,678,480
72$2,120,271$1,383,037$1,212,880$1,770,632
73$2,305,807$1,420,074$1,222,780$1,870,127
74$2,509,299$1,457,957$1,232,043$1,977,668
75$2,732,549$1,496,699$1,240,618$2,094,025
76$2,977,541$1,536,309$1,248,450$2,220,049
77$3,246,459$1,576,797$1,255,482$2,356,675
78$3,541,711$1,618,173$1,261,654$2,504,935
79$3,865,948$1,660,446$1,266,902$2,665,964
80$4,222,091$1,703,624$1,271,160$2,841,010
81$4,613,359$1,747,716$1,274,357$3,031,451
82$5,043,294$1,792,727$1,276,422$3,238,803
83$5,515,804$1,838,664$1,277,275$3,464,736
84$6,035,189$1,885,532$1,276,837$3,711,091
85$6,606,190$1,933,335$1,275,023$3,979,893
86$7,234,029$1,982,075$1,271,743$4,273,376
87$7,924,458$2,031,755$1,266,905$4,594,001
88$8,683,817$2,082,375$1,260,410$4,944,476
89$9,519,088$2,133,934$1,252,157$5,327,789
90$10,437,968$2,186,429$1,242,036$5,747,230
91$11,448,933$2,239,857$1,229,937$6,206,424
92$12,561,325$2,294,210$1,215,740$6,709,366
93$13,785,435$2,349,482$1,199,323$7,260,457
94$15,132,605$2,405,662$1,180,556$7,864,548
95$16,615,329$2,462,738$1,159,303$8,526,984
96$18,247,377$2,520,696$1,135,423$9,253,654
97$20,043,917$2,579,518$1,108,768$10,051,049
98$22,021,666$2,639,184$1,079,182$10,926,320
99$24,199,044$2,699,672$1,046,502$11,887,349
100$26,596,347$2,760,956$1,010,560$12,942,823