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%19.1%
1 years$105,701$104,760$103,841$102,944$102,069$98,330
2 years$52,327$51,353$50,408$49,493$48,604$44,879
3 years$34,538$33,560$32,618$31,710$30,837$27,242
4 years$25,646$24,670$23,737$22,846$21,993$18,557
5 years$20,311$19,341$18,421$17,548$16,719$13,450
6 years$16,756$15,794$14,887$14,033$13,229$10,129
7 years$14,218$13,264$12,371$11,537$10,759$7,828
8 years$12,315$11,369$10,492$9,678$8,925$6,161
9 years$10,836$9,899$9,036$8,244$7,516$4,914
10 years$9,653$8,726$7,878$7,106$6,404$3,960
11 years$8,686$7,768$6,936$6,185$5,508$3,216
12 years$7,881$6,972$6,155$5,425$4,773$2,628
13 years$7,200$6,301$5,499$4,789$4,162$2,158
14 years$6,617$5,727$4,941$4,251$3,649$1,779
15 years$6,112$5,232$4,461$3,791$3,212$1,472
16 years$5,671$4,800$4,045$3,395$2,839$1,220
17 years$5,282$4,421$3,681$3,050$2,517$1,014
18 years$4,936$4,085$3,360$2,749$2,238$844
19 years$4,628$3,786$3,076$2,484$1,995$704
20 years$4,350$3,518$2,823$2,250$1,782$587
21 years$4,100$3,277$2,596$2,042$1,595$491
22 years$3,872$3,059$2,393$1,856$1,429$410
23 years$3,664$2,861$2,210$1,691$1,283$343
24 years$3,475$2,680$2,043$1,542$1,153$287
25 years$3,300$2,515$1,893$1,408$1,038$241
26 years$3,139$2,364$1,755$1,288$935$202
27 years$2,991$2,225$1,630$1,179$843$169
28 years$2,853$2,097$1,515$1,080$761$142
29 years$2,725$1,978$1,410$990$687$119
30 years$2,606$1,868$1,313$909$621$100
31 years$2,494$1,766$1,225$835$561$84
32 years$2,390$1,671$1,142$767$507$70
33 years$2,292$1,582$1,067$705$459$59
34 years$2,201$1,500$997$649$416$49
35 years$2,114$1,422$932$597$377$41
36 years$2,033$1,350$872$550$341$35
37 years$1,956$1,282$816$507$309$29
38 years$1,884$1,219$764$467$280$25
39 years$1,815$1,159$716$431$254$21
40 years$1,750$1,102$671$397$231$17
41 years$1,688$1,049$629$367$209$15
42 years$1,630$999$590$338$190$12
43 years$1,574$952$554$312$172$10
44 years$1,521$908$520$288$156$9
45 years$1,470$866$488$266$142$7
46 years$1,422$826$458$246$129$6
47 years$1,376$788$431$227$117$5
48 years$1,332$752$405$210$106$4
49 years$1,290$718$380$194$97$4
50 years$1,250$686$358$179$88$3

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 $2,657 every year, while hoping to spend $58,564 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: 60/27/13 Blend
64$1,280,000$1,280,000$1,280,000$1,280,000
65$1,413,301$1,345,461$1,325,621$1,493,437
66$1,495,146$1,349,077$1,307,717$1,551,297
67$1,583,376$1,350,907$1,287,251$1,607,558
68$1,678,581$1,350,802$1,264,075$1,667,524
69$1,781,409$1,348,604$1,238,034$1,731,557
70$1,892,571$1,344,144$1,208,967$1,800,058
71$2,012,850$1,337,243$1,176,703$1,873,472
72$2,143,104$1,327,712$1,141,067$1,952,290
73$2,284,281$1,315,350$1,101,873$2,037,055
74$2,437,419$1,299,943$1,058,926$2,128,368
75$2,603,661$1,281,266$1,012,026$2,226,894
76$2,784,265$1,259,079$960,960$2,333,369
77$2,980,615$1,233,128$905,506$2,448,606
78$3,194,231$1,203,145$845,434$2,573,503
79$3,426,788$1,168,845$780,502$2,709,055
80$3,680,128$1,129,926$710,457$2,856,362
81$3,956,280$1,086,070$635,035$3,016,637
82$4,257,473$1,036,940$553,961$3,191,225
83$4,586,164$982,179$466,948$3,381,608
84$4,945,055$921,409$373,693$3,589,428
85$5,337,124$854,231$273,885$3,816,498
86$5,765,645$780,223$167,195$4,064,819
87$6,234,226$698,939$53,281$4,336,605
88$6,746,837$609,907$0$4,634,300
89$7,307,851$512,629$0$4,970,077
90$7,922,083$406,579$0$5,345,948
91$8,594,835$291,201$0$5,757,863
92$9,331,945$165,907$0$6,209,516
93$10,139,845$30,077$0$6,704,984
94$11,025,615$0$0$7,248,763
95$11,997,057$0$0$7,880,560
96$13,062,761$0$0$8,583,568
97$14,232,189$0$0$9,355,108
98$15,515,766$0$0$10,202,070
99$16,924,972$0$0$11,132,043
100$18,472,455$0$0$12,153,388