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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$90,837$90,028$89,238$88,468$87,716$84,235
2 years$44,969$44,131$43,320$42,533$41,769$38,306
3 years$29,681$28,840$28,031$27,251$26,500$23,163
4 years$22,039$21,201$20,399$19,633$18,900$15,715
5 years$17,455$16,622$15,831$15,080$14,368$11,342
6 years$14,400$13,573$12,793$12,060$11,369$8,504
7 years$12,219$11,398$10,631$9,915$9,246$6,542
8 years$10,583$9,771$9,016$8,317$7,670$5,124
9 years$9,312$8,507$7,766$7,084$6,459$4,067
10 years$8,296$7,499$6,770$6,107$5,504$3,261
11 years$7,465$6,675$5,960$5,315$4,733$2,635
12 years$6,773$5,992$5,290$4,662$4,102$2,142
13 years$6,188$5,415$4,726$4,116$3,577$1,749
14 years$5,687$4,922$4,246$3,653$3,135$1,434
15 years$5,253$4,496$3,834$3,258$2,761$1,179
16 years$4,873$4,125$3,476$2,917$2,440$972
17 years$4,539$3,799$3,163$2,621$2,163$803
18 years$4,242$3,510$2,887$2,362$1,924$664
19 years$3,977$3,253$2,643$2,135$1,715$551
20 years$3,739$3,023$2,426$1,933$1,531$457
21 years$3,523$2,816$2,231$1,755$1,371$379
22 years$3,327$2,629$2,057$1,595$1,228$315
23 years$3,149$2,459$1,899$1,453$1,103$262
24 years$2,986$2,304$1,756$1,325$991$218
25 years$2,836$2,162$1,627$1,210$892$181
26 years$2,698$2,032$1,509$1,106$803$151
27 years$2,570$1,912$1,401$1,013$724$126
28 years$2,452$1,802$1,302$928$654$105
29 years$2,342$1,700$1,212$851$590$87
30 years$2,239$1,605$1,129$781$533$73
31 years$2,143$1,517$1,052$717$482$61
32 years$2,054$1,436$982$659$436$51
33 years$1,970$1,360$917$606$395$42
34 years$1,891$1,289$857$558$357$35
35 years$1,817$1,222$801$513$324$29
36 years$1,747$1,160$749$473$293$24
37 years$1,681$1,102$701$436$266$20
38 years$1,619$1,047$657$402$241$17
39 years$1,560$996$615$370$218$14
40 years$1,504$947$577$342$198$12
41 years$1,451$902$541$315$180$10
42 years$1,400$859$507$291$163$8
43 years$1,353$818$476$268$148$7
44 years$1,307$780$447$248$134$6
45 years$1,264$744$419$229$122$5
46 years$1,222$710$394$211$111$4
47 years$1,183$677$370$195$101$3
48 years$1,145$646$348$180$91$3
49 years$1,109$617$327$167$83$2
50 years$1,074$590$307$154$75$2

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 $5,453 every year, while hoping to spend $58,249 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: 66/18/16 Blend
64$1,100,000$1,100,000$1,100,000$1,100,000
65$1,217,825$1,159,525$1,142,475$1,293,151
66$1,280,066$1,154,365$1,118,771$1,339,036
67$1,346,704$1,147,000$1,092,321$1,381,898
68$1,418,126$1,137,261$1,062,972$1,427,316
69$1,494,755$1,124,967$1,030,561$1,475,539
70$1,577,058$1,109,928$994,923$1,526,841
71$1,665,545$1,091,942$955,880$1,581,527
72$1,760,779$1,070,795$913,250$1,639,936
73$1,863,374$1,046,260$866,840$1,702,441
74$1,974,009$1,018,098$816,450$1,769,455
75$2,093,427$986,053$761,870$1,841,438
76$2,222,444$949,857$702,880$1,918,896
77$2,361,959$909,226$639,253$2,002,392
78$2,512,959$863,858$570,747$2,092,546
79$2,676,528$813,434$497,115$2,190,047
80$2,853,859$757,618$418,093$2,295,655
81$3,046,264$696,053$333,411$2,410,214
82$3,255,186$628,363$242,784$2,534,653
83$3,482,212$554,149$145,913$2,670,003
84$3,729,086$472,991$42,490$2,817,403
85$3,997,730$384,445$0$2,978,112
86$4,290,256$288,040$0$3,165,113
87$4,608,990$183,282$0$3,376,849
88$4,956,490$69,646$0$3,607,822
89$5,335,573$0$0$3,859,976
90$5,749,338$0$0$4,146,034
91$6,201,198$0$0$4,473,560
92$6,694,908$0$0$4,831,489
93$7,234,604$0$0$5,222,829
94$7,824,839$0$0$5,650,888
95$8,470,625$0$0$6,119,313
96$9,177,482$0$0$6,632,116
97$9,951,489$0$0$7,193,717
98$10,799,339$0$0$7,808,982
99$11,728,402$0$0$8,483,273
100$12,746,797$0$0$9,222,490