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%
1 years$105,701$104,760$103,841$102,944$102,069$99,159
2 years$52,327$51,353$50,408$49,493$48,604$45,696
3 years$34,538$33,560$32,618$31,710$30,837$28,020
4 years$25,646$24,670$23,737$22,846$21,993$19,290
5 years$20,311$19,341$18,421$17,548$16,719$14,137
6 years$16,756$15,794$14,887$14,033$13,229$10,770
7 years$14,218$13,264$12,371$11,537$10,759$8,423
8 years$12,315$11,369$10,492$9,678$8,925$6,712
9 years$10,836$9,899$9,036$8,244$7,516$5,423
10 years$9,653$8,726$7,878$7,106$6,404$4,428
11 years$8,686$7,768$6,936$6,185$5,508$3,646
12 years$7,881$6,972$6,155$5,425$4,773$3,021
13 years$7,200$6,301$5,499$4,789$4,162$2,516
14 years$6,617$5,727$4,941$4,251$3,649$2,105
15 years$6,112$5,232$4,461$3,791$3,212$1,767
16 years$5,671$4,800$4,045$3,395$2,839$1,488
17 years$5,282$4,421$3,681$3,050$2,517$1,256
18 years$4,936$4,085$3,360$2,749$2,238$1,062
19 years$4,628$3,786$3,076$2,484$1,995$899
20 years$4,350$3,518$2,823$2,250$1,782$763
21 years$4,100$3,277$2,596$2,042$1,595$648
22 years$3,872$3,059$2,393$1,856$1,429$550
23 years$3,664$2,861$2,210$1,691$1,283$468
24 years$3,475$2,680$2,043$1,542$1,153$399
25 years$3,300$2,515$1,893$1,408$1,038$339
26 years$3,139$2,364$1,755$1,288$935$289
27 years$2,991$2,225$1,630$1,179$843$247
28 years$2,853$2,097$1,515$1,080$761$210
29 years$2,725$1,978$1,410$990$687$179
30 years$2,606$1,868$1,313$909$621$153
31 years$2,494$1,766$1,225$835$561$131
32 years$2,390$1,671$1,142$767$507$112
33 years$2,292$1,582$1,067$705$459$95
34 years$2,201$1,500$997$649$416$81
35 years$2,114$1,422$932$597$377$70
36 years$2,033$1,350$872$550$341$59
37 years$1,956$1,282$816$507$309$51
38 years$1,884$1,219$764$467$280$43
39 years$1,815$1,159$716$431$254$37
40 years$1,750$1,102$671$397$231$32
41 years$1,688$1,049$629$367$209$27
42 years$1,630$999$590$338$190$23
43 years$1,574$952$554$312$172$20
44 years$1,521$908$520$288$156$17
45 years$1,470$866$488$266$142$14
46 years$1,422$826$458$246$129$12
47 years$1,376$788$431$227$117$11
48 years$1,332$752$405$210$106$9
49 years$1,290$718$380$194$97$8
50 years$1,250$686$358$179$88$7

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 $4,645 every year, while hoping to spend $32,539 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: 42/34/24 Blend
64$1,280,000$1,280,000$1,280,000$1,280,000
65$1,415,351$1,347,511$1,327,671$1,464,677
66$1,525,096$1,378,918$1,337,527$1,531,779
67$1,644,944$1,410,773$1,346,622$1,600,940
68$1,775,891$1,443,064$1,354,898$1,675,194
69$1,919,035$1,475,778$1,362,289$1,755,026
70$2,075,583$1,508,897$1,368,732$1,840,973
71$2,246,864$1,542,404$1,374,156$1,933,628
72$2,434,342$1,576,280$1,378,488$2,033,643
73$2,639,629$1,610,502$1,381,652$2,141,737
74$2,864,500$1,645,045$1,383,566$2,258,704
75$3,110,911$1,679,884$1,384,148$2,385,417
76$3,381,014$1,714,989$1,383,306$2,522,840
77$3,677,180$1,750,326$1,380,950$2,672,037
78$4,002,021$1,785,860$1,376,981$2,834,179
79$4,358,414$1,821,554$1,371,296$3,010,559
80$4,749,526$1,857,365$1,363,789$3,202,602
81$5,178,849$1,893,246$1,354,347$3,411,879
82$5,650,226$1,929,150$1,342,851$3,640,123
83$6,167,892$1,965,021$1,329,180$3,889,243
84$6,736,512$2,000,803$1,313,203$4,161,347
85$7,361,226$2,036,431$1,294,785$4,458,757
86$8,047,694$2,071,840$1,273,783$4,784,034
87$8,802,155$2,106,956$1,250,051$5,140,004
88$9,631,478$2,141,701$1,223,431$5,529,778
89$10,543,235$2,175,990$1,193,763$5,956,792
90$11,545,766$2,209,734$1,160,874$6,424,832
91$12,648,259$2,242,836$1,124,589$6,938,071
92$13,860,838$2,275,192$1,084,719$7,501,112
93$15,194,658$2,306,691$1,041,072$8,119,030
94$16,662,008$2,337,214$993,443$8,797,421
95$18,276,429$2,366,633$941,619$9,542,453
96$20,052,840$2,394,813$885,378$10,360,929
97$22,007,680$2,421,609$824,488$11,260,347
98$24,159,061$2,446,866$758,706$12,248,977
99$26,526,940$2,470,417$687,778$13,335,932
100$29,133,309$2,492,088$611,439$14,531,262