Can I retire at age 65 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$96,618$95,757$94,917$94,098$93,297$92,246
2 years$47,830$46,940$46,076$45,239$44,427$43,369
3 years$31,570$30,676$29,814$28,985$28,187$27,154
4 years$23,442$22,550$21,697$20,882$20,103$19,104
5 years$18,566$17,679$16,838$16,040$15,282$14,320
6 years$15,316$14,436$13,608$12,827$12,092$11,168
7 years$12,996$12,124$11,308$10,546$9,834$8,948
8 years$11,257$10,392$9,590$8,847$8,158$7,311
9 years$9,905$9,048$8,260$7,535$6,870$6,061
10 years$8,824$7,976$7,201$6,496$5,854$5,081
11 years$7,940$7,100$6,340$5,653$5,035$4,299
12 years$7,204$6,373$5,626$4,958$4,363$3,663
13 years$6,581$5,759$5,027$4,378$3,805$3,139
14 years$6,048$5,235$4,517$3,886$3,335$2,704
15 years$5,587$4,782$4,078$3,466$2,936$2,338
16 years$5,184$4,388$3,697$3,103$2,595$2,029
17 years$4,828$4,041$3,364$2,788$2,301$1,766
18 years$4,512$3,734$3,071$2,513$2,046$1,541
19 years$4,230$3,461$2,812$2,270$1,824$1,347
20 years$3,976$3,216$2,580$2,056$1,629$1,180
21 years$3,747$2,995$2,373$1,866$1,458$1,035
22 years$3,539$2,796$2,187$1,697$1,307$910
23 years$3,350$2,615$2,020$1,545$1,173$800
24 years$3,176$2,450$1,868$1,409$1,054$705
25 years$3,016$2,299$1,730$1,287$949$621
26 years$2,869$2,161$1,605$1,177$855$548
27 years$2,734$2,034$1,490$1,077$770$483
28 years$2,608$1,916$1,385$987$695$427
29 years$2,491$1,808$1,289$905$628$377
30 years$2,382$1,707$1,201$831$567$334
31 years$2,280$1,614$1,119$763$513$295
32 years$2,185$1,527$1,044$701$464$261
33 years$2,095$1,446$975$645$420$231
34 years$2,011$1,371$911$593$380$205
35 years$1,933$1,300$852$546$344$181
36 years$1,858$1,234$797$503$312$160
37 years$1,788$1,172$746$463$283$142
38 years$1,722$1,114$698$427$256$126
39 years$1,659$1,059$654$394$232$112
40 years$1,600$1,008$613$363$211$99
41 years$1,543$959$575$335$191$88
42 years$1,490$914$539$309$174$78
43 years$1,439$870$506$286$157$69
44 years$1,390$830$475$264$143$61
45 years$1,344$791$446$243$130$54
46 years$1,300$755$419$225$118$48
47 years$1,258$720$394$208$107$43
48 years$1,218$688$370$192$97$38
49 years$1,179$657$348$177$88$34
50 years$1,142$627$327$164$80$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,170,000, adding $4,036 every year, while hoping to spend $32,456 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: 82/9/9 Blend
64$1,170,000$1,170,000$1,170,000$1,170,000
65$1,293,503$1,231,493$1,213,358$1,397,608
66$1,390,908$1,257,303$1,219,473$1,492,156
67$1,497,159$1,283,291$1,224,704$1,591,208
68$1,613,127$1,309,429$1,228,989$1,698,970
69$1,739,766$1,335,691$1,232,260$1,816,294
70$1,878,128$1,362,046$1,234,447$1,944,124
71$2,029,371$1,388,460$1,235,475$2,083,496
72$2,194,771$1,414,899$1,235,268$2,235,550
73$2,375,732$1,441,323$1,233,743$2,401,546
74$2,573,799$1,467,691$1,230,816$2,582,867
75$2,790,675$1,493,956$1,226,397$2,781,041
76$3,028,234$1,520,070$1,220,392$2,997,746
77$3,288,541$1,545,980$1,212,702$3,234,836
78$3,573,869$1,571,630$1,203,224$3,494,349
79$3,886,723$1,596,959$1,191,851$3,778,533
80$4,229,859$1,621,901$1,178,469$4,089,863
81$4,606,316$1,646,385$1,162,959$4,431,067
82$5,019,440$1,670,337$1,145,197$4,805,149
83$5,472,915$1,693,677$1,125,054$5,215,420
84$5,970,802$1,716,316$1,102,393$5,665,528
85$6,517,573$1,738,165$1,077,072$6,159,492
86$7,118,153$1,759,122$1,048,941$6,701,741
87$7,777,969$1,779,084$1,017,846$7,297,154
88$8,503,001$1,797,938$983,622$7,951,108
89$9,299,833$1,815,564$946,100$8,669,528
90$10,175,723$1,831,833$905,101$9,458,942
91$11,138,664$1,846,609$860,439$10,326,542
92$12,197,462$1,859,748$811,918$11,280,257
93$13,361,822$1,871,094$759,336$12,328,821
94$14,642,433$1,880,483$702,479$13,481,859
95$16,051,074$1,887,740$641,125$14,749,978
96$17,600,722$1,892,678$575,042$16,144,866
97$19,305,677$1,895,100$503,987$17,679,401
98$21,181,692$1,894,796$427,706$19,367,779
99$23,246,125$1,891,542$345,935$21,225,638
100$25,518,104$1,885,102$258,398$23,270,214