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%18.3%
1 years$98,269$97,394$96,540$95,706$94,892$91,708
2 years$48,648$47,742$46,864$46,013$45,187$42,010
3 years$32,110$31,200$30,324$29,481$28,668$25,599
4 years$23,842$22,935$22,068$21,239$20,447$17,508
5 years$18,883$17,982$17,126$16,314$15,543$12,743
6 years$15,578$14,683$13,840$13,046$12,299$9,640
7 years$13,218$12,331$11,501$10,726$10,002$7,484
8 years$11,449$10,570$9,754$8,998$8,298$5,918
9 years$10,074$9,203$8,401$7,664$6,988$4,744
10 years$8,975$8,112$7,324$6,607$5,954$3,842
11 years$8,076$7,222$6,448$5,750$5,121$3,136
12 years$7,327$6,482$5,723$5,043$4,437$2,577
13 years$6,694$5,858$5,113$4,452$3,870$2,128
14 years$6,152$5,324$4,594$3,952$3,392$1,764
15 years$5,682$4,864$4,148$3,525$2,987$1,467
16 years$5,272$4,463$3,760$3,156$2,640$1,224
17 years$4,910$4,110$3,422$2,836$2,340$1,023
18 years$4,589$3,798$3,124$2,556$2,081$857
19 years$4,302$3,520$2,860$2,309$1,855$718
20 years$4,044$3,271$2,624$2,091$1,657$603
21 years$3,811$3,046$2,414$1,898$1,483$507
22 years$3,600$2,844$2,225$1,726$1,329$427
23 years$3,407$2,660$2,054$1,572$1,193$359
24 years$3,230$2,492$1,900$1,433$1,072$303
25 years$3,068$2,339$1,760$1,309$965$255
26 years$2,919$2,198$1,632$1,197$869$215
27 years$2,780$2,069$1,515$1,096$784$182
28 years$2,652$1,949$1,409$1,004$707$153
29 years$2,533$1,839$1,311$921$638$129
30 years$2,422$1,737$1,221$845$577$109
31 years$2,319$1,642$1,138$776$522$92
32 years$2,222$1,553$1,062$713$472$78
33 years$2,131$1,471$992$656$427$66
34 years$2,046$1,394$927$603$387$56
35 years$1,966$1,322$866$555$350$47
36 years$1,890$1,255$810$512$317$40
37 years$1,819$1,192$759$471$288$34
38 years$1,751$1,133$710$434$261$28
39 years$1,687$1,077$666$401$236$24
40 years$1,627$1,025$624$369$214$20
41 years$1,570$976$585$341$195$17
42 years$1,515$929$549$315$176$14
43 years$1,463$885$515$290$160$12
44 years$1,414$844$483$268$145$10
45 years$1,367$805$454$248$132$9
46 years$1,322$768$426$229$120$7
47 years$1,279$733$400$211$109$6
48 years$1,238$699$376$195$99$5
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$4

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 $2,796 every year, while hoping to spend $48,988 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: 65/21/14 Blend
64$1,190,000$1,190,000$1,190,000$1,190,000
65$1,314,264$1,251,194$1,232,749$1,395,165
66$1,396,196$1,260,380$1,221,923$1,458,781
67$1,484,843$1,268,374$1,209,093$1,522,317
68$1,580,839$1,275,066$1,194,139$1,590,527
69$1,684,880$1,280,339$1,176,938$1,663,866
70$1,797,730$1,284,068$1,157,358$1,742,836
71$1,920,233$1,286,121$1,135,264$1,827,991
72$2,053,313$1,286,358$1,110,512$1,919,943
73$2,197,990$1,284,629$1,082,953$2,019,367
74$2,355,384$1,280,775$1,052,431$2,127,009
75$2,526,728$1,274,628$1,018,782$2,243,691
76$2,713,379$1,266,009$981,836$2,370,321
77$2,916,829$1,254,729$941,413$2,507,901
78$3,138,722$1,240,586$897,326$2,657,536
79$3,380,865$1,223,369$849,381$2,820,447
80$3,645,251$1,202,851$797,372$2,997,981
81$3,934,068$1,178,793$741,086$3,191,623
82$4,249,731$1,150,942$680,300$3,403,014
83$4,594,895$1,119,029$614,781$3,633,964
84$4,972,483$1,082,770$544,285$3,886,470
85$5,385,716$1,041,866$468,559$4,162,734
86$5,838,139$995,997$387,336$4,465,189
87$6,333,657$944,829$300,339$4,796,516
88$6,876,568$888,003$207,278$5,159,676
89$7,471,607$825,145$107,852$5,557,934
90$8,123,990$755,856$1,744$5,994,892
91$8,839,460$679,716$0$6,474,524
92$9,624,343$596,280$0$7,017,868
93$10,485,606$505,078$0$7,614,467
94$11,430,925$405,613$0$8,269,448
95$12,468,753$297,363$0$8,988,750
96$13,608,405$179,772$0$9,778,922
97$14,860,137$52,256$0$10,647,184
98$16,235,253$0$0$11,601,493
99$17,746,200$0$0$12,670,453
100$19,406,695$0$0$13,858,569