Can I retire at age 65 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$99,095$98,212$97,351$96,510$95,690$95,166
2 years$49,057$48,143$47,258$46,399$45,567$45,039
3 years$32,380$31,462$30,579$29,728$28,909$28,393
4 years$24,043$23,128$22,254$21,418$20,618$20,118
5 years$19,042$18,133$17,270$16,451$15,674$15,190
6 years$15,709$14,807$13,956$13,156$12,402$11,936
7 years$13,329$12,435$11,598$10,816$10,086$9,638
8 years$11,546$10,659$9,836$9,073$8,367$7,937
9 years$10,159$9,280$8,472$7,729$7,047$6,634
10 years$9,050$8,180$7,386$6,662$6,004$5,609
11 years$8,143$7,282$6,502$5,798$5,164$4,786
12 years$7,388$6,536$5,771$5,086$4,475$4,115
13 years$6,750$5,907$5,156$4,490$3,902$3,559
14 years$6,204$5,369$4,632$3,986$3,421$3,093
15 years$5,730$4,905$4,182$3,554$3,012$2,700
16 years$5,316$4,500$3,792$3,183$2,662$2,366
17 years$4,952$4,144$3,451$2,860$2,360$2,079
18 years$4,628$3,830$3,150$2,577$2,098$1,832
19 years$4,339$3,549$2,884$2,329$1,870$1,618
20 years$4,078$3,298$2,646$2,109$1,671$1,432
21 years$3,843$3,072$2,434$1,914$1,495$1,269
22 years$3,630$2,868$2,244$1,740$1,340$1,127
23 years$3,435$2,682$2,071$1,585$1,203$1,002
24 years$3,257$2,513$1,916$1,446$1,081$892
25 years$3,094$2,358$1,774$1,320$973$795
26 years$2,943$2,216$1,646$1,207$876$709
27 years$2,804$2,086$1,528$1,105$790$632
28 years$2,675$1,966$1,421$1,012$713$565
29 years$2,555$1,854$1,322$928$644$505
30 years$2,443$1,751$1,231$852$582$451
31 years$2,338$1,655$1,148$782$526$404
32 years$2,241$1,566$1,071$719$476$361
33 years$2,149$1,483$1,000$661$431$324
34 years$2,063$1,406$934$608$390$290
35 years$1,982$1,333$874$560$353$260
36 years$1,906$1,266$817$516$320$233
37 years$1,834$1,202$765$475$290$209
38 years$1,766$1,142$716$438$263$187
39 years$1,702$1,086$671$404$238$168
40 years$1,641$1,034$629$373$216$151
41 years$1,583$984$590$344$196$135
42 years$1,528$937$553$317$178$121
43 years$1,476$893$519$293$162$109
44 years$1,426$851$487$270$147$98
45 years$1,378$811$458$250$133$88
46 years$1,333$774$430$231$121$79
47 years$1,290$739$404$213$110$71
48 years$1,249$705$379$197$100$63
49 years$1,209$673$357$182$91$57
50 years$1,172$643$335$168$82$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,200,000, adding $3,152 every year, while hoping to spend $36,176 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: 46/36/18 Blend
64$1,200,000$1,200,000$1,200,000$1,200,000
65$1,325,651$1,262,051$1,243,451$1,379,690
66$1,422,377$1,285,401$1,246,616$1,441,075
67$1,527,756$1,308,682$1,248,674$1,503,754
68$1,642,633$1,331,853$1,249,551$1,570,989
69$1,767,937$1,354,870$1,249,166$1,643,220
70$1,904,692$1,377,684$1,247,439$1,720,932
71$2,054,023$1,400,243$1,244,280$1,804,659
72$2,217,170$1,422,491$1,239,600$1,894,993
73$2,395,497$1,444,370$1,233,303$1,992,585
74$2,590,508$1,465,814$1,225,289$2,098,153
75$2,803,856$1,486,754$1,215,452$2,212,491
76$3,037,362$1,507,118$1,203,682$2,336,474
77$3,293,033$1,526,827$1,189,866$2,471,068
78$3,573,076$1,545,796$1,173,880$2,617,337
79$3,879,925$1,563,935$1,155,600$2,776,459
80$4,216,258$1,581,148$1,134,894$2,949,729
81$4,585,026$1,597,333$1,111,622$3,138,580
82$4,989,476$1,612,381$1,085,639$3,344,589
83$5,433,190$1,626,174$1,056,795$3,569,500
84$5,920,108$1,638,589$1,024,930$3,815,234
85$6,454,572$1,649,494$989,879$4,083,912
86$7,041,366$1,658,747$951,467$4,377,872
87$7,685,759$1,666,199$909,515$4,699,697
88$8,393,554$1,671,691$863,832$5,052,232
89$9,171,146$1,675,053$814,219$5,438,618
90$10,025,578$1,676,105$760,470$5,862,320
91$10,964,609$1,674,656$702,368$6,327,158
92$11,996,789$1,670,504$639,687$6,837,348
93$13,131,535$1,663,433$572,191$7,397,539
94$14,379,225$1,653,214$499,632$8,012,858
95$15,751,289$1,639,605$421,753$8,688,962
96$17,260,324$1,622,349$338,285$9,432,088
97$18,920,206$1,601,173$248,947$10,249,116
98$20,746,225$1,575,788$153,444$11,147,632
99$22,755,226$1,545,888$51,471$12,136,005
100$24,965,772$1,511,149$0$13,223,461