Can I retire at age 65 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$91,663$90,846$90,050$89,272$88,513$85,783
2 years$45,378$44,532$43,713$42,919$42,149$39,422
3 years$29,951$29,102$28,285$27,499$26,741$24,103
4 years$22,240$21,393$20,585$19,811$19,072$16,543
5 years$17,614$16,773$15,974$15,217$14,498$12,086
6 years$14,531$13,696$12,910$12,169$11,472$9,177
7 years$12,330$11,502$10,728$10,005$9,330$7,153
8 years$10,680$9,859$9,098$8,393$7,740$5,680
9 years$9,397$8,584$7,836$7,149$6,518$4,572
10 years$8,371$7,567$6,832$6,162$5,554$3,719
11 years$7,533$6,736$6,015$5,363$4,776$3,050
12 years$6,834$6,046$5,338$4,704$4,139$2,518
13 years$6,244$5,464$4,769$4,153$3,609$2,089
14 years$5,738$4,966$4,285$3,687$3,164$1,740
15 years$5,300$4,537$3,869$3,288$2,786$1,455
16 years$4,918$4,163$3,508$2,944$2,462$1,219
17 years$4,580$3,834$3,192$2,645$2,183$1,024
18 years$4,281$3,542$2,914$2,384$1,941$862
19 years$4,013$3,283$2,667$2,154$1,730$727
20 years$3,773$3,051$2,448$1,951$1,545$614
21 years$3,555$2,842$2,252$1,770$1,383$519
22 years$3,358$2,653$2,075$1,610$1,240$439
23 years$3,178$2,481$1,916$1,466$1,113$372
24 years$3,013$2,324$1,772$1,337$1,000$315
25 years$2,862$2,181$1,641$1,221$900$267
26 years$2,722$2,050$1,522$1,117$811$226
27 years$2,593$1,929$1,414$1,022$731$192
28 years$2,474$1,818$1,314$936$660$163
29 years$2,363$1,715$1,223$859$596$138
30 years$2,259$1,620$1,139$788$538$118
31 years$2,163$1,531$1,062$724$486$100
32 years$2,073$1,449$991$665$440$85
33 years$1,988$1,372$925$612$398$72
34 years$1,908$1,300$864$563$361$61
35 years$1,833$1,233$808$518$327$52
36 years$1,763$1,171$756$477$296$44
37 years$1,696$1,112$708$440$268$38
38 years$1,633$1,057$663$405$243$32
39 years$1,574$1,005$621$374$220$27
40 years$1,518$956$582$345$200$23
41 years$1,464$910$546$318$181$20
42 years$1,413$867$512$293$165$17
43 years$1,365$826$480$271$149$14
44 years$1,319$787$451$250$136$12
45 years$1,275$751$423$231$123$10
46 years$1,233$716$398$213$112$9
47 years$1,193$683$373$197$102$7
48 years$1,155$652$351$182$92$6
49 years$1,119$623$330$168$84$5
50 years$1,084$595$310$156$76$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,110,000, adding $2,054 every year, while hoping to spend $38,742 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: 59/24/17 Blend
64$1,110,000$1,110,000$1,110,000$1,110,000
65$1,225,339$1,166,509$1,149,304$1,292,133
66$1,309,102$1,182,446$1,146,584$1,353,494
67$1,400,111$1,197,867$1,142,475$1,415,927
68$1,499,063$1,212,703$1,136,889$1,483,122
69$1,606,727$1,226,885$1,129,734$1,555,543
70$1,723,947$1,240,337$1,120,915$1,633,705
71$1,851,654$1,252,978$1,110,330$1,718,175
72$1,990,871$1,264,722$1,097,874$1,809,577
73$2,142,724$1,275,477$1,083,437$1,908,601
74$2,308,453$1,285,146$1,066,902$2,016,009
75$2,489,422$1,293,625$1,048,150$2,132,641
76$2,687,133$1,300,803$1,027,054$2,259,422
77$2,903,240$1,306,561$1,003,479$2,397,376
78$3,139,563$1,310,776$977,289$2,547,630
79$3,398,108$1,313,313$948,337$2,711,429
80$3,681,081$1,314,032$916,473$2,890,146
81$3,990,913$1,312,780$881,536$3,085,295
82$4,330,280$1,309,401$843,361$3,298,547
83$4,702,129$1,303,722$801,775$3,531,745
84$5,109,708$1,295,566$756,595$3,786,924
85$5,556,590$1,284,741$707,633$4,066,326
86$6,046,713$1,271,044$654,690$4,372,426
87$6,584,415$1,254,262$597,559$4,707,954
88$7,174,471$1,234,167$536,024$5,075,920
89$7,822,145$1,210,519$469,858$5,479,645
90$8,533,231$1,183,062$398,826$5,922,792
91$9,314,115$1,151,526$322,680$6,409,401
92$10,171,829$1,115,625$241,165$6,943,929
93$11,114,122$1,075,057$154,010$7,531,289
94$12,149,529$1,029,502$60,936$8,176,901
95$13,287,454$978,620$0$8,886,743
96$14,538,254$922,053$0$9,674,369
97$15,913,344$859,421$0$10,552,334
98$17,425,297$790,325$0$11,517,647
99$19,087,967$714,340$0$12,579,208
100$20,916,615$631,018$0$13,746,827