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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$97,443$96,575$95,728$94,902$94,095$93,620
2 years$48,239$47,341$46,470$45,626$44,807$44,327
3 years$31,840$30,938$30,069$29,233$28,427$27,958
4 years$23,642$22,743$21,883$21,061$20,275$19,820
5 years$18,725$17,830$16,982$16,177$15,413$14,973
6 years$15,447$14,560$13,724$12,937$12,195$11,772
7 years$13,107$12,227$11,405$10,636$9,918$9,511
8 years$11,353$10,481$9,672$8,922$8,228$7,837
9 years$9,989$9,126$8,331$7,600$6,929$6,554
10 years$8,899$8,044$7,263$6,551$5,904$5,545
11 years$8,008$7,161$6,394$5,701$5,078$4,734
12 years$7,265$6,427$5,675$5,001$4,400$4,072
13 years$6,638$5,808$5,070$4,415$3,837$3,524
14 years$6,100$5,280$4,555$3,919$3,364$3,065
15 years$5,635$4,823$4,113$3,495$2,962$2,678
16 years$5,228$4,425$3,729$3,130$2,617$2,348
17 years$4,869$4,075$3,393$2,812$2,321$2,065
18 years$4,551$3,766$3,097$2,534$2,064$1,821
19 years$4,266$3,490$2,836$2,290$1,839$1,609
20 years$4,010$3,243$2,602$2,074$1,643$1,425
21 years$3,779$3,021$2,394$1,882$1,470$1,264
22 years$3,569$2,820$2,206$1,711$1,318$1,123
23 years$3,378$2,637$2,037$1,558$1,183$999
24 years$3,203$2,471$1,884$1,421$1,063$890
25 years$3,042$2,319$1,745$1,298$957$794
26 years$2,894$2,179$1,618$1,187$862$708
27 years$2,757$2,051$1,503$1,086$777$633
28 years$2,630$1,933$1,397$995$701$566
29 years$2,512$1,823$1,300$913$633$506
30 years$2,402$1,722$1,211$838$572$453
31 years$2,299$1,628$1,129$769$517$405
32 years$2,203$1,540$1,053$707$468$363
33 years$2,113$1,459$983$650$423$325
34 years$2,029$1,382$919$598$383$292
35 years$1,949$1,311$859$551$347$262
36 years$1,874$1,245$804$507$315$235
37 years$1,803$1,182$752$467$285$211
38 years$1,736$1,123$704$431$258$189
39 years$1,673$1,068$660$397$234$170
40 years$1,613$1,016$619$366$213$152
41 years$1,556$967$580$338$193$137
42 years$1,502$921$544$312$175$123
43 years$1,451$878$511$288$159$110
44 years$1,402$837$479$266$144$99
45 years$1,355$798$450$246$131$89
46 years$1,311$761$423$227$119$80
47 years$1,269$726$397$210$108$72
48 years$1,228$693$373$194$98$65
49 years$1,189$662$351$179$89$58
50 years$1,152$633$330$165$81$52

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 $3,040 every year, while hoping to spend $25,065 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: 53/30/17 Blend
64$1,180,000$1,180,000$1,180,000$1,180,000
65$1,303,496$1,240,956$1,222,666$1,366,431
66$1,409,783$1,275,094$1,236,956$1,443,983
67$1,526,072$1,310,064$1,250,885$1,525,417
68$1,653,356$1,345,882$1,264,414$1,613,472
69$1,792,729$1,382,561$1,277,503$1,708,783
70$1,945,396$1,420,115$1,290,108$1,812,051
71$2,112,684$1,458,558$1,302,184$1,924,048
72$2,296,054$1,497,904$1,313,684$2,045,623
73$2,497,116$1,538,166$1,324,557$2,177,712
74$2,717,643$1,579,357$1,334,750$2,321,344
75$2,959,587$1,621,490$1,344,209$2,477,655
76$3,225,099$1,664,576$1,352,873$2,647,894
77$3,516,547$1,708,629$1,360,683$2,833,438
78$3,836,542$1,753,658$1,367,572$3,035,803
79$4,187,957$1,799,675$1,373,474$3,256,660
80$4,573,959$1,846,690$1,378,316$3,497,848
81$4,998,036$1,894,711$1,382,023$3,761,395
82$5,464,032$1,943,748$1,384,517$4,049,534
83$5,976,179$1,993,808$1,385,714$4,364,726
84$6,539,142$2,044,897$1,385,528$4,709,681
85$7,158,060$2,097,022$1,383,868$5,087,387
86$7,838,592$2,150,187$1,380,638$5,501,135
87$8,586,977$2,204,394$1,375,738$5,954,551
88$9,410,085$2,259,646$1,369,062$6,451,631
89$10,315,489$2,315,944$1,360,501$6,996,777
90$11,311,529$2,373,286$1,349,938$7,594,842
91$12,407,398$2,431,669$1,337,253$8,251,171
92$13,613,220$2,491,089$1,322,319$8,971,655
93$14,940,155$2,551,539$1,305,004$9,762,787
94$16,400,497$2,613,010$1,285,167$10,631,718
95$18,007,791$2,675,491$1,262,664$11,586,333
96$19,776,965$2,738,969$1,237,342$12,635,317
97$21,724,464$2,803,427$1,209,042$13,788,245
98$23,868,411$2,868,847$1,177,596$15,055,665
99$26,228,774$2,935,205$1,142,831$16,449,202
100$28,827,556$3,002,478$1,104,563$17,981,668