Can I retire at age 65 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$97,443$96,575$95,728$94,902$94,095$92,195
2 years$48,239$47,341$46,470$45,626$44,807$42,901
3 years$31,840$30,938$30,069$29,233$28,427$26,575
4 years$23,642$22,743$21,883$21,061$20,275$18,490
5 years$18,725$17,830$16,982$16,177$15,413$13,701
6 years$15,447$14,560$13,724$12,937$12,195$10,559
7 years$13,107$12,227$11,405$10,636$9,918$8,357
8 years$11,353$10,481$9,672$8,922$8,228$6,741
9 years$9,989$9,126$8,331$7,600$6,929$5,516
10 years$8,899$8,044$7,263$6,551$5,904$4,563
11 years$8,008$7,161$6,394$5,701$5,078$3,807
12 years$7,265$6,427$5,675$5,001$4,400$3,199
13 years$6,638$5,808$5,070$4,415$3,837$2,702
14 years$6,100$5,280$4,555$3,919$3,364$2,293
15 years$5,635$4,823$4,113$3,495$2,962$1,954
16 years$5,228$4,425$3,729$3,130$2,617$1,669
17 years$4,869$4,075$3,393$2,812$2,321$1,430
18 years$4,551$3,766$3,097$2,534$2,064$1,228
19 years$4,266$3,490$2,836$2,290$1,839$1,057
20 years$4,010$3,243$2,602$2,074$1,643$911
21 years$3,779$3,021$2,394$1,882$1,470$786
22 years$3,569$2,820$2,206$1,711$1,318$679
23 years$3,378$2,637$2,037$1,558$1,183$587
24 years$3,203$2,471$1,884$1,421$1,063$508
25 years$3,042$2,319$1,745$1,298$957$440
26 years$2,894$2,179$1,618$1,187$862$381
27 years$2,757$2,051$1,503$1,086$777$331
28 years$2,630$1,933$1,397$995$701$287
29 years$2,512$1,823$1,300$913$633$249
30 years$2,402$1,722$1,211$838$572$216
31 years$2,299$1,628$1,129$769$517$188
32 years$2,203$1,540$1,053$707$468$163
33 years$2,113$1,459$983$650$423$142
34 years$2,029$1,382$919$598$383$123
35 years$1,949$1,311$859$551$347$107
36 years$1,874$1,245$804$507$315$93
37 years$1,803$1,182$752$467$285$81
38 years$1,736$1,123$704$431$258$70
39 years$1,673$1,068$660$397$234$61
40 years$1,613$1,016$619$366$213$53
41 years$1,556$967$580$338$193$46
42 years$1,502$921$544$312$175$40
43 years$1,451$878$511$288$159$35
44 years$1,402$837$479$266$144$31
45 years$1,355$798$450$246$131$27
46 years$1,311$761$423$227$119$23
47 years$1,269$726$397$210$108$20
48 years$1,228$693$373$194$98$18
49 years$1,189$662$351$179$89$15
50 years$1,152$633$330$165$81$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,180,000, adding $6,517 every year, while hoping to spend $38,509 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: 23/48/29 Blend
64$1,180,000$1,180,000$1,180,000$1,180,000
65$1,307,082$1,244,542$1,226,252$1,325,090
66$1,399,431$1,264,552$1,226,358$1,361,308
67$1,499,909$1,284,251$1,225,178$1,396,413
68$1,609,305$1,303,584$1,222,626$1,433,186
69$1,728,486$1,322,491$1,218,615$1,471,789
70$1,858,406$1,340,908$1,213,054$1,512,406
71$2,000,117$1,358,766$1,205,845$1,555,238
72$2,154,776$1,375,992$1,196,887$1,600,512
73$2,323,655$1,392,508$1,186,075$1,648,480
74$2,508,157$1,408,230$1,173,297$1,699,421
75$2,709,823$1,423,067$1,158,437$1,753,646
76$2,930,353$1,436,926$1,141,373$1,811,502
77$3,171,617$1,449,703$1,121,977$1,873,373
78$3,435,675$1,461,291$1,100,116$1,939,687
79$3,724,794$1,471,575$1,075,650$2,010,919
80$4,041,472$1,480,431$1,048,433$2,087,595
81$4,388,458$1,487,728$1,018,312$2,170,302
82$4,768,782$1,493,328$985,126$2,259,688
83$5,185,779$1,497,082$948,709$2,356,476
84$5,643,123$1,498,833$908,885$2,461,465
85$6,144,860$1,498,415$865,472$2,575,541
86$6,695,448$1,495,649$818,277$2,699,687
87$7,299,796$1,490,349$767,102$2,834,994
88$7,963,312$1,482,312$711,737$2,982,669
89$8,691,953$1,471,329$651,963$3,144,050
90$9,492,281$1,457,174$587,553$3,320,618
91$10,371,527$1,439,608$518,269$3,514,015
92$11,337,652$1,418,378$443,861$3,726,058
93$12,399,432$1,393,218$364,069$3,958,757
94$13,566,532$1,363,843$278,623$4,214,339
95$14,849,599$1,329,953$187,239$4,495,266
96$16,260,368$1,291,230$89,620$4,804,264
97$17,811,762$1,247,337$0$5,144,346
98$19,518,022$1,197,917$0$5,523,350
99$21,394,839$1,142,594$0$5,970,345
100$23,459,500$1,080,968$0$6,461,752