Can I retire at age 65 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$104,050$103,123$102,219$101,336$100,474$100,009
2 years$51,510$50,550$49,621$48,719$47,845$47,375
3 years$33,999$33,035$32,108$31,215$30,355$29,895
4 years$25,245$24,284$23,366$22,489$21,649$21,203
5 years$19,994$19,039$18,133$17,273$16,457$16,027
6 years$16,495$15,547$14,654$13,814$13,022$12,607
7 years$13,996$13,056$12,178$11,357$10,591$10,191
8 years$12,123$11,192$10,328$9,527$8,786$8,402
9 years$10,667$9,744$8,895$8,115$7,399$7,031
10 years$9,502$8,589$7,755$6,995$6,304$5,952
11 years$8,551$7,646$6,827$6,088$5,422$5,085
12 years$7,758$6,863$6,059$5,340$4,699$4,377
13 years$7,088$6,202$5,414$4,714$4,097$3,790
14 years$6,514$5,638$4,864$4,185$3,592$3,299
15 years$6,017$5,150$4,392$3,732$3,162$2,884
16 years$5,582$4,725$3,982$3,342$2,795$2,530
17 years$5,199$4,352$3,623$3,003$2,478$2,226
18 years$4,859$4,021$3,307$2,706$2,203$1,965
19 years$4,555$3,727$3,028$2,445$1,964$1,738
20 years$4,282$3,463$2,779$2,214$1,754$1,540
21 years$4,036$3,226$2,556$2,010$1,570$1,367
22 years$3,811$3,011$2,356$1,827$1,407$1,216
23 years$3,607$2,816$2,175$1,664$1,263$1,082
24 years$3,420$2,639$2,012$1,518$1,135$965
25 years$3,248$2,476$1,863$1,386$1,022$861
26 years$3,090$2,327$1,728$1,267$920$769
27 years$2,944$2,190$1,605$1,160$830$687
28 years$2,808$2,064$1,492$1,063$749$615
29 years$2,682$1,947$1,388$975$676$550
30 years$2,565$1,839$1,293$895$611$493
31 years$2,455$1,738$1,205$822$552$442
32 years$2,353$1,645$1,125$755$500$396
33 years$2,256$1,558$1,050$694$452$355
34 years$2,166$1,476$981$639$409$319
35 years$2,081$1,400$917$588$371$286
36 years$2,001$1,329$858$542$336$257
37 years$1,926$1,262$803$499$304$231
38 years$1,854$1,200$752$460$276$207
39 years$1,787$1,141$705$424$250$186
40 years$1,723$1,085$660$391$227$167
41 years$1,662$1,033$619$361$206$150
42 years$1,604$984$581$333$187$135
43 years$1,549$937$545$307$170$121
44 years$1,497$894$512$284$154$109
45 years$1,447$852$480$262$140$98
46 years$1,400$813$451$242$127$88
47 years$1,355$776$424$224$115$79
48 years$1,311$740$398$207$105$71
49 years$1,270$707$374$191$95$64
50 years$1,230$675$352$177$86$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,260,000, adding $4,301 every year, while hoping to spend $58,312 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: 45/27/28 Blend
64$1,260,000$1,260,000$1,260,000$1,260,000
65$1,392,956$1,326,176$1,306,646$1,444,193
66$1,472,995$1,329,116$1,288,376$1,483,984
67$1,559,242$1,330,244$1,267,538$1,521,178
68$1,652,271$1,329,413$1,243,987$1,560,398
69$1,752,709$1,326,461$1,217,567$1,601,867
70$1,861,247$1,321,219$1,188,118$1,645,831
71$1,978,644$1,313,508$1,155,469$1,692,568
72$2,105,733$1,303,137$1,119,444$1,742,385
73$2,243,431$1,289,904$1,079,859$1,795,627
74$2,392,745$1,273,594$1,036,519$1,852,678
75$2,554,785$1,253,980$989,222$1,913,963
76$2,730,770$1,230,821$937,757$1,979,959
77$2,922,040$1,203,863$881,904$2,051,194
78$3,130,070$1,172,835$821,430$2,128,256
79$3,356,484$1,137,450$756,095$2,211,801
80$3,603,068$1,097,408$685,646$2,302,554
81$3,871,786$1,052,386$609,820$2,401,324
82$4,164,801$1,002,045$528,342$2,509,007
83$4,484,494$946,029$440,924$2,626,600
84$4,833,484$883,956$347,267$2,755,208
85$5,214,655$815,426$247,057$2,896,056
86$5,631,183$740,015$139,966$3,050,505
87$6,086,563$657,275$25,654$3,220,063
88$6,584,643$566,732$0$3,406,401
89$7,129,660$467,885$0$3,640,152
90$7,726,281$360,207$0$3,904,638
91$8,379,644$243,139$0$4,194,574
92$9,095,405$116,091$0$4,512,599
93$9,879,797$0$0$4,861,625
94$10,739,682$0$0$5,251,275
95$11,682,617$0$0$5,716,529
96$12,716,928$0$0$6,227,021
97$13,851,783$0$0$6,787,298
98$15,097,282$0$0$7,402,364
99$16,464,549$0$0$8,077,734
100$17,965,838$0$0$8,819,482