Can I retire at age 65 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$94,140$93,302$92,483$91,685$90,905$89,806
2 years$46,604$45,736$44,895$44,079$43,288$42,182
3 years$30,761$29,889$29,050$28,242$27,464$26,385
4 years$22,841$21,972$21,141$20,347$19,587$18,545
5 years$18,090$17,226$16,406$15,628$14,890$13,886
6 years$14,924$14,066$13,259$12,498$11,782$10,818
7 years$12,663$11,813$11,018$10,275$9,582$8,658
8 years$10,968$10,126$9,344$8,620$7,949$7,065
9 years$9,651$8,816$8,048$7,342$6,694$5,850
10 years$8,597$7,771$7,017$6,329$5,704$4,899
11 years$7,736$6,918$6,177$5,508$4,906$4,139
12 years$7,019$6,209$5,482$4,831$4,251$3,523
13 years$6,413$5,612$4,898$4,265$3,707$3,015
14 years$5,893$5,101$4,401$3,786$3,250$2,594
15 years$5,444$4,660$3,973$3,377$2,861$2,240
16 years$5,051$4,275$3,602$3,023$2,529$1,941
17 years$4,704$3,937$3,278$2,717$2,242$1,687
18 years$4,397$3,638$2,992$2,448$1,994$1,470
19 years$4,122$3,372$2,739$2,212$1,777$1,283
20 years$3,874$3,133$2,514$2,004$1,587$1,122
21 years$3,651$2,918$2,313$1,818$1,420$983
22 years$3,448$2,724$2,131$1,653$1,273$863
23 years$3,264$2,548$1,968$1,506$1,143$758
24 years$3,094$2,387$1,820$1,373$1,027$666
25 years$2,939$2,240$1,686$1,254$924$586
26 years$2,796$2,106$1,563$1,147$833$516
27 years$2,664$1,982$1,452$1,050$751$455
28 years$2,541$1,867$1,350$962$677$401
29 years$2,427$1,762$1,256$882$612$354
30 years$2,321$1,664$1,170$809$553$312
31 years$2,221$1,573$1,091$743$500$276
32 years$2,129$1,488$1,018$683$452$244
33 years$2,042$1,409$950$628$409$215
34 years$1,960$1,336$888$578$370$190
35 years$1,883$1,267$830$532$335$168
36 years$1,811$1,202$776$490$304$149
37 years$1,742$1,142$727$451$275$132
38 years$1,678$1,085$681$416$250$116
39 years$1,616$1,032$638$384$226$103
40 years$1,559$982$598$354$205$91
41 years$1,504$935$560$327$186$81
42 years$1,451$890$526$301$169$71
43 years$1,402$848$493$278$153$63
44 years$1,354$808$463$257$139$56
45 years$1,309$771$435$237$126$49
46 years$1,267$735$408$219$115$44
47 years$1,226$702$384$202$104$39
48 years$1,186$670$360$187$95$34
49 years$1,149$640$339$173$86$30
50 years$1,113$611$319$160$78$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,140,000, adding $6,535 every year, while hoping to spend $46,194 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: 44/31/25 Blend
64$1,140,000$1,140,000$1,140,000$1,140,000
65$1,263,021$1,202,601$1,184,931$1,309,182
66$1,342,699$1,212,378$1,175,476$1,352,379
67$1,428,956$1,221,086$1,164,156$1,394,216
68$1,522,414$1,228,624$1,150,860$1,438,657
69$1,623,758$1,234,884$1,135,471$1,485,969
70$1,733,739$1,239,752$1,117,868$1,536,448
71$1,853,186$1,243,105$1,097,922$1,590,422
72$1,983,009$1,244,815$1,075,500$1,648,257
73$2,124,208$1,244,744$1,050,462$1,710,357
74$2,277,887$1,242,745$1,022,661$1,777,172
75$2,445,256$1,238,665$991,945$1,849,198
76$2,627,650$1,232,337$958,154$1,926,989
77$2,826,538$1,223,589$921,119$2,011,156
78$3,043,534$1,212,234$880,666$2,102,378
79$3,280,417$1,198,077$836,611$2,201,405
80$3,539,146$1,180,908$788,763$2,309,071
81$3,821,875$1,160,509$736,923$2,426,296
82$4,130,976$1,136,644$680,880$2,554,101
83$4,469,064$1,109,067$620,417$2,693,617
84$4,839,013$1,077,516$555,306$2,846,094
85$5,243,991$1,041,713$485,308$3,012,917
86$5,687,486$1,001,365$410,173$3,195,616
87$6,173,338$956,161$329,643$3,395,886
88$6,705,778$905,773$243,446$3,615,602
89$7,289,464$849,852$151,298$3,856,835
90$7,929,526$788,031$52,903$4,121,879
91$8,631,616$719,923$0$4,413,266
92$9,401,957$645,115$0$4,747,697
93$10,247,405$563,174$0$5,130,333
94$11,175,511$473,641$0$5,550,559
95$12,194,596$376,031$0$6,012,250
96$13,313,820$269,833$0$6,519,683
97$14,543,281$154,506$0$7,077,574
98$15,894,097$29,478$0$7,691,131
99$17,378,519$0$0$8,366,096
100$19,010,044$0$0$9,144,915