Can I retire at age 65 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$98,269$97,394$96,540$95,706$94,892$91,891
2 years$48,648$47,742$46,864$46,013$45,187$42,191
3 years$32,110$31,200$30,324$29,481$28,668$25,771
4 years$23,842$22,935$22,068$21,239$20,447$17,670
5 years$18,883$17,982$17,126$16,314$15,543$12,895
6 years$15,578$14,683$13,840$13,046$12,299$9,781
7 years$13,218$12,331$11,501$10,726$10,002$7,615
8 years$11,449$10,570$9,754$8,998$8,298$6,040
9 years$10,074$9,203$8,401$7,664$6,988$4,856
10 years$8,975$8,112$7,324$6,607$5,954$3,945
11 years$8,076$7,222$6,448$5,750$5,121$3,231
12 years$7,327$6,482$5,723$5,043$4,437$2,664
13 years$6,694$5,858$5,113$4,452$3,870$2,207
14 years$6,152$5,324$4,594$3,952$3,392$1,836
15 years$5,682$4,864$4,148$3,525$2,987$1,533
16 years$5,272$4,463$3,760$3,156$2,640$1,283
17 years$4,910$4,110$3,422$2,836$2,340$1,076
18 years$4,589$3,798$3,124$2,556$2,081$905
19 years$4,302$3,520$2,860$2,309$1,855$762
20 years$4,044$3,271$2,624$2,091$1,657$642
21 years$3,811$3,046$2,414$1,898$1,483$542
22 years$3,600$2,844$2,225$1,726$1,329$458
23 years$3,407$2,660$2,054$1,572$1,193$387
24 years$3,230$2,492$1,900$1,433$1,072$327
25 years$3,068$2,339$1,760$1,309$965$277
26 years$2,919$2,198$1,632$1,197$869$234
27 years$2,780$2,069$1,515$1,096$784$199
28 years$2,652$1,949$1,409$1,004$707$168
29 years$2,533$1,839$1,311$921$638$143
30 years$2,422$1,737$1,221$845$577$121
31 years$2,319$1,642$1,138$776$522$103
32 years$2,222$1,553$1,062$713$472$87
33 years$2,131$1,471$992$656$427$74
34 years$2,046$1,394$927$603$387$63
35 years$1,966$1,322$866$555$350$53
36 years$1,890$1,255$810$512$317$45
37 years$1,819$1,192$759$471$288$38
38 years$1,751$1,133$710$434$261$32
39 years$1,687$1,077$666$401$236$28
40 years$1,627$1,025$624$369$214$23
41 years$1,570$976$585$341$195$20
42 years$1,515$929$549$315$176$17
43 years$1,463$885$515$290$160$14
44 years$1,414$844$483$268$145$12
45 years$1,367$805$454$248$132$10
46 years$1,322$768$426$229$120$9
47 years$1,279$733$400$211$109$7
48 years$1,238$699$376$195$99$6
49 years$1,199$668$354$180$90$5
50 years$1,162$638$333$167$82$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,190,000, adding $2,542 every year, while hoping to spend $40,790 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: 65/22/13 Blend
64$1,190,000$1,190,000$1,190,000$1,190,000
65$1,314,002$1,250,932$1,232,487$1,395,287
66$1,404,630$1,268,828$1,230,375$1,467,798
67$1,503,135$1,286,233$1,226,825$1,542,008
68$1,610,277$1,303,081$1,221,746$1,622,075
69$1,726,893$1,319,299$1,215,043$1,708,568
70$1,853,904$1,334,813$1,206,614$1,802,115
71$1,992,322$1,349,538$1,196,356$1,903,410
72$2,143,262$1,363,389$1,184,157$2,013,216
73$2,307,952$1,376,272$1,169,903$2,132,375
74$2,487,741$1,388,087$1,153,473$2,261,816
75$2,684,116$1,398,729$1,134,740$2,402,561
76$2,898,715$1,408,086$1,113,573$2,555,741
77$3,133,338$1,416,036$1,089,832$2,722,599
78$3,389,970$1,422,454$1,063,373$2,904,507
79$3,670,795$1,427,202$1,034,044$3,102,979
80$3,978,218$1,430,137$1,001,686$3,319,682
81$4,314,888$1,431,105$966,134$3,556,458
82$4,683,722$1,429,944$927,214$3,815,333
83$5,087,930$1,426,481$884,745$4,098,546
84$5,531,052$1,420,531$838,537$4,408,561
85$6,016,984$1,411,901$788,392$4,748,099
86$6,550,015$1,400,384$734,103$5,120,159
87$7,134,874$1,385,760$675,452$5,528,045
88$7,776,767$1,367,797$612,215$5,975,405
89$8,481,427$1,346,250$544,155$6,466,256
90$9,255,173$1,320,856$471,025$7,005,032
91$10,104,964$1,291,341$392,567$7,596,619
92$11,038,464$1,257,411$308,512$8,246,403
93$12,064,120$1,218,756$218,579$8,960,326
94$13,191,234$1,175,049$122,475$9,744,936
95$14,430,055$1,125,942$19,894$10,607,454
96$15,791,876$1,071,069$0$11,555,841
97$17,289,136$1,010,040$0$12,611,298
98$18,935,542$942,445$0$13,774,830
99$20,746,192$867,850$0$15,054,388
100$22,737,724$785,796$0$16,461,785