Can I retire at age 65 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$105,701$104,760$103,841$102,944$102,069$98,960
2 years$52,327$51,353$50,408$49,493$48,604$45,499
3 years$34,538$33,560$32,618$31,710$30,837$27,832
4 years$25,646$24,670$23,737$22,846$21,993$19,112
5 years$20,311$19,341$18,421$17,548$16,719$13,970
6 years$16,756$15,794$14,887$14,033$13,229$10,614
7 years$14,218$13,264$12,371$11,537$10,759$8,278
8 years$12,315$11,369$10,492$9,678$8,925$6,577
9 years$10,836$9,899$9,036$8,244$7,516$5,297
10 years$9,653$8,726$7,878$7,106$6,404$4,312
11 years$8,686$7,768$6,936$6,185$5,508$3,539
12 years$7,881$6,972$6,155$5,425$4,773$2,923
13 years$7,200$6,301$5,499$4,789$4,162$2,426
14 years$6,617$5,727$4,941$4,251$3,649$2,023
15 years$6,112$5,232$4,461$3,791$3,212$1,692
16 years$5,671$4,800$4,045$3,395$2,839$1,419
17 years$5,282$4,421$3,681$3,050$2,517$1,193
18 years$4,936$4,085$3,360$2,749$2,238$1,005
19 years$4,628$3,786$3,076$2,484$1,995$848
20 years$4,350$3,518$2,823$2,250$1,782$717
21 years$4,100$3,277$2,596$2,042$1,595$606
22 years$3,872$3,059$2,393$1,856$1,429$513
23 years$3,664$2,861$2,210$1,691$1,283$435
24 years$3,475$2,680$2,043$1,542$1,153$369
25 years$3,300$2,515$1,893$1,408$1,038$313
26 years$3,139$2,364$1,755$1,288$935$266
27 years$2,991$2,225$1,630$1,179$843$225
28 years$2,853$2,097$1,515$1,080$761$192
29 years$2,725$1,978$1,410$990$687$163
30 years$2,606$1,868$1,313$909$621$138
31 years$2,494$1,766$1,225$835$561$118
32 years$2,390$1,671$1,142$767$507$100
33 years$2,292$1,582$1,067$705$459$85
34 years$2,201$1,500$997$649$416$72
35 years$2,114$1,422$932$597$377$61
36 years$2,033$1,350$872$550$341$52
37 years$1,956$1,282$816$507$309$44
38 years$1,884$1,219$764$467$280$38
39 years$1,815$1,159$716$431$254$32
40 years$1,750$1,102$671$397$231$27
41 years$1,688$1,049$629$367$209$23
42 years$1,630$999$590$338$190$20
43 years$1,574$952$554$312$172$17
44 years$1,521$908$520$288$156$14
45 years$1,470$866$488$266$142$12
46 years$1,422$826$458$246$129$10
47 years$1,376$788$431$227$117$9
48 years$1,332$752$405$210$106$8
49 years$1,290$718$380$194$97$6
50 years$1,250$686$358$179$88$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,280,000, adding $3,299 every year, while hoping to spend $50,016 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: 45/44/11 Blend
64$1,280,000$1,280,000$1,280,000$1,280,000
65$1,413,963$1,346,123$1,326,283$1,473,037
66$1,504,970$1,358,866$1,317,497$1,527,079
67$1,603,585$1,370,558$1,306,740$1,580,274
68$1,710,528$1,381,093$1,293,894$1,636,833
69$1,826,596$1,390,361$1,278,833$1,697,084
70$1,952,664$1,398,243$1,261,429$1,761,391
71$2,089,692$1,404,614$1,241,544$1,830,158
72$2,238,740$1,409,339$1,219,035$1,903,832
73$2,400,972$1,412,277$1,193,752$1,982,908
74$2,577,668$1,413,276$1,165,540$2,067,934
75$2,770,239$1,412,175$1,134,235$2,159,516
76$2,980,236$1,408,805$1,099,665$2,258,325
77$3,209,368$1,402,983$1,061,650$2,365,106
78$3,459,512$1,394,519$1,020,005$2,480,679
79$3,732,740$1,383,207$974,532$2,605,954
80$4,031,327$1,368,833$925,027$2,741,940
81$4,357,783$1,351,166$871,276$2,889,749
82$4,714,868$1,329,964$813,055$3,050,612
83$5,105,623$1,304,970$750,130$3,225,893
84$5,533,394$1,275,912$682,257$3,417,099
85$6,001,868$1,242,499$609,181$3,625,894
86$6,515,105$1,204,428$530,635$3,854,122
87$7,077,575$1,161,374$446,341$4,103,817
88$7,694,202$1,112,996$356,007$4,377,232
89$8,370,408$1,058,930$259,331$4,676,853
90$9,112,166$998,794$155,995$5,005,431
91$9,926,054$932,183$45,668$5,366,001
92$10,819,320$858,668$0$5,761,923
93$11,799,944$777,796$0$6,205,361
94$12,876,719$689,088$0$6,698,225
95$14,059,330$592,039$0$7,239,718
96$15,358,446$486,114$0$7,834,884
97$16,785,822$370,749$0$8,489,291
98$18,354,407$245,345$0$9,209,084
99$20,078,464$109,275$0$10,001,048
100$21,973,710$0$0$10,872,667