Can I retire at age 65 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$101,572$100,667$99,785$98,923$98,082$97,017
2 years$50,283$49,347$48,439$47,559$46,706$45,634
3 years$33,189$32,249$31,343$30,472$29,632$28,586
4 years$24,644$23,706$22,810$21,953$21,134$20,122
5 years$19,518$18,586$17,701$16,862$16,066$15,091
6 years$16,102$15,177$14,305$13,485$12,712$11,775
7 years$13,663$12,745$11,888$11,087$10,338$9,440
8 years$11,834$10,925$10,082$9,300$8,577$7,717
9 years$10,413$9,512$8,683$7,922$7,223$6,401
10 years$9,276$8,385$7,570$6,829$6,154$5,370
11 years$8,347$7,464$6,665$5,943$5,293$4,546
12 years$7,573$6,700$5,915$5,213$4,587$3,876
13 years$6,919$6,055$5,285$4,602$4,000$3,324
14 years$6,359$5,503$4,748$4,085$3,506$2,865
15 years$5,873$5,027$4,287$3,643$3,087$2,479
16 years$5,449$4,613$3,887$3,262$2,728$2,153
17 years$5,076$4,248$3,537$2,931$2,419$1,875
18 years$4,744$3,925$3,229$2,641$2,151$1,637
19 years$4,447$3,638$2,956$2,387$1,917$1,433
20 years$4,180$3,381$2,713$2,162$1,712$1,256
21 years$3,939$3,149$2,495$1,962$1,532$1,103
22 years$3,721$2,939$2,300$1,784$1,374$969
23 years$3,521$2,749$2,123$1,625$1,233$853
24 years$3,339$2,576$1,964$1,482$1,108$752
25 years$3,171$2,417$1,819$1,353$997$663
26 years$3,017$2,272$1,687$1,237$898$586
27 years$2,874$2,138$1,566$1,132$810$517
28 years$2,741$2,015$1,456$1,038$731$457
29 years$2,618$1,901$1,355$951$660$404
30 years$2,504$1,795$1,262$873$596$358
31 years$2,397$1,697$1,177$802$539$317
32 years$2,297$1,606$1,098$737$488$280
33 years$2,203$1,520$1,025$678$441$248
34 years$2,115$1,441$958$624$400$220
35 years$2,032$1,367$895$574$362$195
36 years$1,954$1,297$838$529$328$173
37 years$1,880$1,232$784$487$297$153
38 years$1,810$1,171$734$449$269$136
39 years$1,744$1,113$688$414$244$121
40 years$1,682$1,059$645$382$222$107
41 years$1,622$1,008$605$352$201$95
42 years$1,566$960$567$325$182$84
43 years$1,512$915$532$300$166$75
44 years$1,461$872$500$277$150$66
45 years$1,413$832$469$256$136$59
46 years$1,366$793$441$236$124$52
47 years$1,322$757$414$218$112$46
48 years$1,280$723$389$202$102$41
49 years$1,240$690$366$187$93$37
50 years$1,201$659$344$172$84$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,230,000, adding $3,345 every year, while hoping to spend $54,838 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: 63/31/6 Blend
64$1,230,000$1,230,000$1,230,000$1,230,000
65$1,358,910$1,293,720$1,274,655$1,442,902
66$1,439,172$1,298,765$1,259,009$1,504,329
67$1,525,782$1,302,220$1,241,001$1,564,616
68$1,619,331$1,303,948$1,220,493$1,629,008
69$1,720,467$1,303,805$1,197,343$1,697,899
70$1,829,900$1,301,637$1,171,401$1,771,725
71$1,948,416$1,297,283$1,142,508$1,850,968
72$2,076,874$1,290,569$1,110,502$1,936,158
73$2,216,220$1,281,313$1,075,209$2,027,882
74$2,367,497$1,269,319$1,036,450$2,126,790
75$2,531,848$1,254,382$994,038$2,233,597
76$2,710,533$1,236,284$947,775$2,349,095
77$2,904,938$1,214,792$897,456$2,474,157
78$3,116,587$1,189,662$842,866$2,609,750
79$3,347,158$1,160,635$783,781$2,756,940
80$3,598,496$1,127,434$719,966$2,916,904
81$3,872,634$1,089,769$651,175$3,090,944
82$4,171,806$1,047,332$577,154$3,280,496
83$4,498,476$999,796$497,634$3,487,147
84$4,855,352$946,818$412,336$3,712,648
85$5,245,417$888,031$320,969$3,958,934
86$5,671,956$823,051$223,228$4,228,140
87$6,138,584$751,469$118,794$4,522,627
88$6,649,283$672,855$7,338$4,844,996
89$7,208,438$586,752$0$5,198,122
90$7,820,875$492,679$0$5,592,324
91$8,491,911$390,128$0$6,024,924
92$9,227,403$278,561$0$6,499,344
93$10,033,798$157,411$0$7,019,875
94$10,918,200$26,078$0$7,591,254
95$11,888,430$0$0$8,218,706
96$12,953,106$0$0$8,947,591
97$14,121,719$0$0$9,757,487
98$15,404,723$0$0$10,646,756
99$16,813,635$0$0$11,623,391
100$18,361,141$0$0$12,696,199