Can I retire at age 65 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$94,966$94,120$93,295$92,489$91,703$91,087
2 years$47,013$46,137$45,289$44,466$43,668$43,047
3 years$31,031$30,151$29,305$28,490$27,705$27,097
4 years$23,041$22,164$21,326$20,525$19,759$19,171
5 years$18,248$17,377$16,550$15,765$15,021$14,452
6 years$15,055$14,190$13,375$12,608$11,885$11,338
7 years$12,774$11,916$11,115$10,365$9,666$9,140
8 years$11,064$10,215$9,426$8,695$8,019$7,514
9 years$9,735$8,894$8,119$7,407$6,753$6,270
10 years$8,673$7,839$7,078$6,384$5,754$5,292
11 years$7,804$6,979$6,231$5,556$4,949$4,507
12 years$7,081$6,264$5,530$4,874$4,288$3,867
13 years$6,469$5,661$4,941$4,303$3,739$3,338
14 years$5,945$5,145$4,439$3,820$3,278$2,896
15 years$5,491$4,700$4,008$3,406$2,886$2,523
16 years$5,095$4,313$3,634$3,050$2,551$2,206
17 years$4,745$3,972$3,307$2,740$2,262$1,935
18 years$4,435$3,670$3,019$2,470$2,011$1,701
19 years$4,158$3,401$2,763$2,232$1,792$1,499
20 years$3,908$3,161$2,536$2,021$1,601$1,324
21 years$3,683$2,944$2,333$1,834$1,433$1,171
22 years$3,479$2,748$2,150$1,668$1,284$1,037
23 years$3,292$2,570$1,985$1,519$1,153$920
24 years$3,122$2,408$1,836$1,385$1,036$817
25 years$2,965$2,260$1,700$1,265$932$726
26 years$2,820$2,124$1,577$1,157$840$646
27 years$2,687$1,999$1,464$1,059$757$575
28 years$2,563$1,884$1,361$970$683$513
29 years$2,448$1,777$1,267$890$617$457
30 years$2,341$1,678$1,180$816$557$408
31 years$2,241$1,586$1,100$750$504$364
32 years$2,147$1,501$1,026$689$456$325
33 years$2,059$1,422$958$634$413$290
34 years$1,977$1,347$895$583$374$259
35 years$1,900$1,278$837$537$338$232
36 years$1,826$1,213$783$494$307$207
37 years$1,758$1,152$733$455$278$185
38 years$1,692$1,095$686$420$252$166
39 years$1,631$1,041$643$387$228$148
40 years$1,572$990$603$357$207$133
41 years$1,517$943$565$329$188$119
42 years$1,464$898$530$304$171$106
43 years$1,414$856$498$281$155$95
44 years$1,366$816$467$259$141$85
45 years$1,321$778$439$239$128$76
46 years$1,278$742$412$221$116$68
47 years$1,236$708$387$204$105$61
48 years$1,197$676$364$189$96$55
49 years$1,159$645$342$174$87$49
50 years$1,123$617$321$161$79$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,150,000, adding $4,433 every year, while hoping to spend $58,988 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: 45/27/28 Blend
64$1,150,000$1,150,000$1,150,000$1,150,000
65$1,271,873$1,210,923$1,193,098$1,318,637
66$1,338,841$1,207,495$1,170,304$1,348,892
67$1,410,663$1,201,923$1,144,769$1,375,677
68$1,487,771$1,194,038$1,116,340$1,403,594
69$1,570,641$1,183,663$1,084,854$1,432,784
70$1,659,794$1,170,610$1,050,145$1,463,402
71$1,755,803$1,154,679$1,012,034$1,495,626
72$1,859,295$1,135,659$970,338$1,529,653
73$1,970,963$1,113,326$924,863$1,565,707
74$2,091,564$1,087,442$875,409$1,604,039
75$2,221,933$1,057,756$821,765$1,644,931
76$2,362,986$1,024,001$763,709$1,688,698
77$2,515,730$985,897$701,013$1,735,693
78$2,681,273$943,145$633,436$1,786,313
79$2,860,834$895,429$560,727$1,840,998
80$3,055,750$842,417$482,623$1,900,244
81$3,267,496$783,755$398,850$1,964,601
82$3,497,693$719,071$309,124$2,034,685
83$3,748,122$647,970$213,143$2,111,182
84$4,020,745$570,035$110,598$2,194,858
85$4,317,720$484,826$1,163$2,286,563
86$4,641,424$391,879$0$2,387,245
87$4,994,468$290,700$0$2,532,503
88$5,379,732$180,772$0$2,691,583
89$5,800,380$61,546$0$2,865,550
90$6,259,901$0$0$3,055,970
91$6,762,130$0$0$3,284,642
92$7,311,294$0$0$3,554,808
93$7,912,045$0$0$3,850,488
94$8,569,505$0$0$4,174,220
95$9,289,315$0$0$4,528,799
96$10,077,685$0$0$4,917,302
97$10,941,456$0$0$5,343,119
98$11,888,161$0$0$5,809,983
99$12,926,096$0$0$6,322,006
100$14,064,399$0$0$6,883,717