Can I retire at age 65 with 1,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$90,837$90,028$89,238$88,468$87,716$85,249
2 years$44,969$44,131$43,320$42,533$41,769$39,304
3 years$29,681$28,840$28,031$27,251$26,500$24,112
4 years$22,039$21,201$20,399$19,633$18,900$16,608
5 years$17,455$16,622$15,831$15,080$14,368$12,178
6 years$14,400$13,573$12,793$12,060$11,369$9,283
7 years$12,219$11,398$10,631$9,915$9,246$7,264
8 years$10,583$9,771$9,016$8,317$7,670$5,792
9 years$9,312$8,507$7,766$7,084$6,459$4,682
10 years$8,296$7,499$6,770$6,107$5,504$3,826
11 years$7,465$6,675$5,960$5,315$4,733$3,152
12 years$6,773$5,992$5,290$4,662$4,102$2,613
13 years$6,188$5,415$4,726$4,116$3,577$2,178
14 years$5,687$4,922$4,246$3,653$3,135$1,824
15 years$5,253$4,496$3,834$3,258$2,761$1,532
16 years$4,873$4,125$3,476$2,917$2,440$1,291
17 years$4,539$3,799$3,163$2,621$2,163$1,090
18 years$4,242$3,510$2,887$2,362$1,924$922
19 years$3,977$3,253$2,643$2,135$1,715$782
20 years$3,739$3,023$2,426$1,933$1,531$664
21 years$3,523$2,816$2,231$1,755$1,371$564
22 years$3,327$2,629$2,057$1,595$1,228$480
23 years$3,149$2,459$1,899$1,453$1,103$408
24 years$2,986$2,304$1,756$1,325$991$348
25 years$2,836$2,162$1,627$1,210$892$297
26 years$2,698$2,032$1,509$1,106$803$253
27 years$2,570$1,912$1,401$1,013$724$216
28 years$2,452$1,802$1,302$928$654$184
29 years$2,342$1,700$1,212$851$590$157
30 years$2,239$1,605$1,129$781$533$134
31 years$2,143$1,517$1,052$717$482$115
32 years$2,054$1,436$982$659$436$98
33 years$1,970$1,360$917$606$395$84
34 years$1,891$1,289$857$558$357$72
35 years$1,817$1,222$801$513$324$61
36 years$1,747$1,160$749$473$293$52
37 years$1,681$1,102$701$436$266$45
38 years$1,619$1,047$657$402$241$38
39 years$1,560$996$615$370$218$33
40 years$1,504$947$577$342$198$28
41 years$1,451$902$541$315$180$24
42 years$1,400$859$507$291$163$20
43 years$1,353$818$476$268$148$18
44 years$1,307$780$447$248$134$15
45 years$1,264$744$419$229$122$13
46 years$1,222$710$394$211$111$11
47 years$1,183$677$370$195$101$9
48 years$1,145$646$348$180$91$8
49 years$1,109$617$327$167$83$7
50 years$1,074$590$307$154$75$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,100,000, adding $2,380 every year, while hoping to spend $51,287 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: 77/16/7 Blend
64$1,100,000$1,100,000$1,100,000$1,100,000
65$1,214,655$1,156,355$1,139,305$1,306,971
66$1,283,981$1,158,447$1,122,903$1,370,021
67$1,358,659$1,158,923$1,104,232$1,432,270
68$1,439,181$1,157,650$1,083,163$1,499,016
69$1,526,088$1,154,485$1,059,559$1,570,683
70$1,619,972$1,149,278$1,033,278$1,647,740
71$1,721,487$1,141,870$1,004,170$1,730,703
72$1,831,349$1,132,092$972,080$1,820,140
73$1,950,347$1,119,765$936,845$1,916,680
74$2,079,346$1,104,697$898,293$2,021,013
75$2,219,301$1,086,689$856,247$2,133,901
76$2,371,258$1,065,525$810,521$2,256,185
77$2,536,372$1,040,981$760,918$2,388,790
78$2,715,909$1,012,816$707,236$2,532,738
79$2,911,264$980,777$649,261$2,689,155
80$3,123,974$944,596$586,772$2,859,282
81$3,355,727$903,988$519,536$3,044,489
82$3,608,381$858,654$447,311$3,246,285
83$3,883,982$808,274$369,842$3,466,334
84$4,184,783$752,514$286,866$3,706,472
85$4,513,261$691,018$198,107$3,968,723
86$4,872,145$623,409$103,275$4,255,317
87$5,264,439$549,292$2,070$4,568,717
88$5,693,451$468,246$0$4,911,634
89$6,162,820$379,827$0$5,294,974
90$6,676,558$283,569$0$5,714,802
91$7,239,078$178,975$0$6,174,627
92$7,855,243$65,524$0$6,678,487
93$8,530,407$0$0$7,230,833
94$9,270,466$0$0$7,846,665
95$10,081,915$0$0$8,534,592
96$10,971,907$0$0$9,289,145
97$11,948,319$0$0$10,117,010
98$13,019,829$0$0$11,025,548
99$14,195,996$0$0$12,022,871
100$15,487,349$0$0$13,117,911