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%14.1%
1 years$101,572$100,667$99,785$98,923$98,082$96,417
2 years$50,283$49,347$48,439$47,559$46,706$45,034
3 years$33,189$32,249$31,343$30,472$29,632$28,005
4 years$24,644$23,706$22,810$21,953$21,134$19,564
5 years$19,518$18,586$17,701$16,862$16,066$14,557
6 years$16,102$15,177$14,305$13,485$12,712$11,268
7 years$13,663$12,745$11,888$11,087$10,338$8,958
8 years$11,834$10,925$10,082$9,300$8,577$7,260
9 years$10,413$9,512$8,683$7,922$7,223$5,969
10 years$9,276$8,385$7,570$6,829$6,154$4,962
11 years$8,347$7,464$6,665$5,943$5,293$4,161
12 years$7,573$6,700$5,915$5,213$4,587$3,514
13 years$6,919$6,055$5,285$4,602$4,000$2,984
14 years$6,359$5,503$4,748$4,085$3,506$2,546
15 years$5,873$5,027$4,287$3,643$3,087$2,181
16 years$5,449$4,613$3,887$3,262$2,728$1,875
17 years$5,076$4,248$3,537$2,931$2,419$1,615
18 years$4,744$3,925$3,229$2,641$2,151$1,395
19 years$4,447$3,638$2,956$2,387$1,917$1,208
20 years$4,180$3,381$2,713$2,162$1,712$1,047
21 years$3,939$3,149$2,495$1,962$1,532$909
22 years$3,721$2,939$2,300$1,784$1,374$790
23 years$3,521$2,749$2,123$1,625$1,233$687
24 years$3,339$2,576$1,964$1,482$1,108$599
25 years$3,171$2,417$1,819$1,353$997$522
26 years$3,017$2,272$1,687$1,237$898$455
27 years$2,874$2,138$1,566$1,132$810$397
28 years$2,741$2,015$1,456$1,038$731$347
29 years$2,618$1,901$1,355$951$660$303
30 years$2,504$1,795$1,262$873$596$265
31 years$2,397$1,697$1,177$802$539$232
32 years$2,297$1,606$1,098$737$488$203
33 years$2,203$1,520$1,025$678$441$177
34 years$2,115$1,441$958$624$400$155
35 years$2,032$1,367$895$574$362$136
36 years$1,954$1,297$838$529$328$119
37 years$1,880$1,232$784$487$297$104
38 years$1,810$1,171$734$449$269$91
39 years$1,744$1,113$688$414$244$80
40 years$1,682$1,059$645$382$222$70
41 years$1,622$1,008$605$352$201$61
42 years$1,566$960$567$325$182$54
43 years$1,512$915$532$300$166$47
44 years$1,461$872$500$277$150$41
45 years$1,413$832$469$256$136$36
46 years$1,366$793$441$236$124$32
47 years$1,322$757$414$218$112$28
48 years$1,280$723$389$202$102$24
49 years$1,240$690$366$187$93$21
50 years$1,201$659$344$172$84$19

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 $5,205 every year, while hoping to spend $34,696 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: 43/49/8 Blend
64$1,230,000$1,230,000$1,230,000$1,230,000
65$1,360,829$1,295,639$1,276,574$1,415,982
66$1,462,717$1,322,209$1,282,423$1,481,387
67$1,573,835$1,348,918$1,287,305$1,548,256
68$1,695,088$1,375,736$1,291,151$1,619,900
69$1,827,471$1,402,632$1,293,889$1,696,769
70$1,972,081$1,429,568$1,295,442$1,779,358
71$2,130,124$1,456,509$1,295,730$1,868,213
72$2,302,931$1,483,411$1,294,671$1,963,935
73$2,491,962$1,510,231$1,292,175$2,067,188
74$2,698,830$1,536,920$1,288,151$2,178,702
75$2,925,309$1,563,427$1,282,502$2,299,284
76$3,173,350$1,589,695$1,275,126$2,429,822
77$3,445,107$1,615,665$1,265,917$2,571,296
78$3,742,947$1,641,272$1,254,764$2,724,785
79$4,069,479$1,666,446$1,241,551$2,891,482
80$4,427,578$1,691,113$1,226,154$3,072,700
81$4,820,407$1,715,194$1,208,447$3,269,886
82$5,251,453$1,738,603$1,188,295$3,484,639
83$5,724,556$1,761,249$1,165,557$3,718,719
84$6,243,945$1,783,035$1,140,088$3,974,068
85$6,814,280$1,803,856$1,111,733$4,252,828
86$7,440,692$1,823,601$1,080,332$4,557,360
87$8,128,837$1,842,151$1,045,717$4,890,270
88$8,884,941$1,859,380$1,007,712$5,254,428
89$9,715,868$1,875,152$966,133$5,653,003
90$10,629,176$1,889,324$920,788$6,089,486
91$11,633,194$1,901,743$871,476$6,567,729
92$12,737,096$1,912,245$817,987$7,091,978
93$13,950,992$1,920,657$760,102$7,666,916
94$15,286,019$1,926,795$697,591$8,297,708
95$16,754,447$1,930,462$630,214$8,990,047
96$18,369,797$1,931,451$557,722$9,750,213
97$20,146,963$1,929,539$479,853$10,585,128
98$22,102,360$1,924,492$396,334$11,502,428
99$24,254,069$1,916,061$306,880$12,510,528
100$26,622,017$1,903,981$211,194$13,618,712