Can I retire at age 65 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$95,792$94,938$94,106$93,293$92,500$88,900
2 years$47,422$46,538$45,683$44,853$44,048$40,464
3 years$31,300$30,413$29,560$28,738$27,946$24,492
4 years$23,241$22,357$21,512$20,704$19,931$16,633
5 years$18,407$17,528$16,694$15,902$15,151$12,017
6 years$15,185$14,313$13,491$12,717$11,989$9,021
7 years$12,885$12,020$11,211$10,456$9,750$6,947
8 years$11,161$10,303$9,508$8,771$8,089$5,448
9 years$9,820$8,971$8,189$7,471$6,812$4,330
10 years$8,748$7,908$7,140$6,440$5,804$3,476
11 years$7,872$7,040$6,286$5,605$4,992$2,812
12 years$7,142$6,318$5,578$4,916$4,326$2,289
13 years$6,525$5,710$4,984$4,340$3,772$1,872
14 years$5,997$5,190$4,478$3,853$3,307$1,537
15 years$5,539$4,741$4,043$3,436$2,911$1,265
16 years$5,139$4,350$3,666$3,077$2,573$1,045
17 years$4,787$4,006$3,336$2,764$2,281$864
18 years$4,474$3,702$3,045$2,491$2,029$716
19 years$4,194$3,431$2,788$2,251$1,808$594
20 years$3,942$3,188$2,558$2,039$1,615$494
21 years$3,715$2,970$2,353$1,850$1,445$411
22 years$3,509$2,772$2,169$1,682$1,295$342
23 years$3,321$2,593$2,002$1,532$1,163$285
24 years$3,149$2,429$1,852$1,397$1,045$237
25 years$2,991$2,280$1,715$1,276$941$198
26 years$2,845$2,143$1,591$1,167$847$165
27 years$2,710$2,016$1,477$1,068$764$137
28 years$2,585$1,900$1,373$979$689$115
29 years$2,469$1,792$1,278$897$622$96
30 years$2,361$1,693$1,190$824$562$80
31 years$2,260$1,600$1,110$756$508$67
32 years$2,166$1,514$1,035$695$460$56
33 years$2,077$1,434$967$639$416$46
34 years$1,994$1,359$903$588$377$39
35 years$1,916$1,289$844$541$341$32
36 years$1,842$1,223$790$499$309$27
37 years$1,773$1,162$739$459$280$23
38 years$1,707$1,104$692$423$254$19
39 years$1,645$1,050$649$390$230$16
40 years$1,586$999$608$360$209$13
41 years$1,530$951$570$332$190$11
42 years$1,477$906$535$307$172$9
43 years$1,426$863$502$283$156$8
44 years$1,378$823$471$261$142$6
45 years$1,332$784$442$241$129$5
46 years$1,289$748$415$223$117$4
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$3
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,160,000, adding $6,738 every year, while hoping to spend $20,168 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: 50/41/9 Blend
64$1,160,000$1,160,000$1,160,000$1,160,000
65$1,285,270$1,223,790$1,205,810$1,346,167
66$1,394,909$1,262,297$1,224,746$1,427,006
67$1,515,055$1,302,015$1,243,641$1,512,097
68$1,646,759$1,342,982$1,262,471$1,604,088
69$1,791,178$1,385,238$1,281,213$1,703,633
70$1,949,585$1,428,821$1,299,841$1,811,448
71$2,123,385$1,473,776$1,318,327$1,928,322
72$2,314,123$1,520,143$1,336,644$2,055,123
73$2,523,501$1,567,969$1,354,760$2,192,806
74$2,753,397$1,617,298$1,372,643$2,342,420
75$3,005,876$1,668,177$1,390,259$2,505,121
76$3,283,214$1,720,657$1,407,571$2,682,182
77$3,587,919$1,774,786$1,424,541$2,875,001
78$3,922,753$1,830,617$1,441,130$3,085,121
79$4,290,759$1,888,202$1,457,293$3,314,235
80$4,695,290$1,947,598$1,472,986$3,564,212
81$5,140,040$2,008,861$1,488,162$3,837,107
82$5,629,078$2,072,049$1,502,769$4,135,182
83$6,166,888$2,137,223$1,516,756$4,460,929
84$6,758,409$2,204,446$1,530,066$4,817,092
85$7,409,085$2,273,781$1,542,640$5,206,691
86$8,124,910$2,345,295$1,554,418$5,633,054
87$8,912,493$2,419,057$1,565,332$6,099,845
88$9,779,112$2,495,136$1,575,317$6,611,098
89$10,732,790$2,573,606$1,584,298$7,171,258
90$11,782,363$2,654,541$1,592,200$7,785,220
91$12,937,570$2,738,019$1,598,945$8,458,374
92$14,209,140$2,824,120$1,604,448$9,196,661
93$15,608,897$2,912,926$1,608,621$10,006,622
94$17,149,867$3,004,522$1,611,372$10,895,463
95$18,846,405$3,098,995$1,612,605$11,871,121
96$20,714,328$3,196,436$1,612,217$12,942,342
97$22,771,065$3,296,938$1,610,102$14,118,760
98$25,035,822$3,400,596$1,606,149$15,410,986
99$27,529,761$3,507,510$1,600,240$16,830,715
100$30,276,200$3,617,781$1,592,251$18,390,826