Can I retire at age 65 with 1,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,290,000?

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 years$106,527$105,578$104,652$103,749$102,866$101,162
2 years$52,736$51,754$50,802$49,879$48,984$47,272
3 years$34,808$33,822$32,872$31,958$31,077$29,411
4 years$25,846$24,863$23,923$23,024$22,165$20,557
5 years$20,470$19,493$18,565$17,685$16,849$15,304
6 years$16,887$15,917$15,003$14,143$13,332$11,852
7 years$14,329$13,367$12,468$11,627$10,843$9,428
8 years$12,411$11,458$10,574$9,754$8,995$7,645
9 years$10,921$9,976$9,107$8,308$7,575$6,289
10 years$9,729$8,794$7,940$7,162$6,454$5,231
11 years$8,754$7,829$6,990$6,233$5,551$4,390
12 years$7,943$7,026$6,203$5,467$4,810$3,710
13 years$7,256$6,350$5,542$4,827$4,195$3,153
14 years$6,669$5,772$4,980$4,284$3,677$2,692
15 years$6,160$5,273$4,496$3,821$3,238$2,307
16 years$5,715$4,838$4,076$3,421$2,861$1,984
17 years$5,323$4,455$3,709$3,074$2,537$1,711
18 years$4,975$4,117$3,386$2,770$2,256$1,479
19 years$4,664$3,815$3,100$2,503$2,011$1,281
20 years$4,384$3,545$2,845$2,267$1,796$1,111
21 years$4,132$3,302$2,617$2,058$1,607$966
22 years$3,902$3,083$2,412$1,871$1,441$840
23 years$3,693$2,883$2,227$1,704$1,293$731
24 years$3,502$2,701$2,059$1,554$1,162$638
25 years$3,326$2,535$1,907$1,419$1,046$556
26 years$3,164$2,383$1,769$1,298$942$486
27 years$3,014$2,242$1,643$1,188$849$424
28 years$2,875$2,113$1,527$1,088$766$371
29 years$2,746$1,993$1,421$998$692$324
30 years$2,626$1,882$1,324$916$625$284
31 years$2,514$1,780$1,234$841$565$248
32 years$2,409$1,684$1,151$773$511$217
33 years$2,310$1,595$1,075$711$463$190
34 years$2,218$1,511$1,004$654$419$167
35 years$2,131$1,433$939$602$380$146
36 years$2,049$1,361$879$555$344$128
37 years$1,971$1,292$822$511$312$112
38 years$1,898$1,228$770$471$283$98
39 years$1,829$1,168$721$434$256$86
40 years$1,764$1,111$676$400$232$75
41 years$1,701$1,058$634$370$211$66
42 years$1,642$1,007$595$341$191$58
43 years$1,586$960$558$315$174$51
44 years$1,533$915$524$291$158$45
45 years$1,482$872$492$268$143$39
46 years$1,433$832$462$248$130$34
47 years$1,387$794$434$229$118$30
48 years$1,342$758$408$212$107$26
49 years$1,300$724$383$196$97$23
50 years$1,259$692$360$181$88$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,290,000, adding $4,103 every year, while hoping to spend $37,421 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: 50/24/26 Blend
64$1,290,000$1,290,000$1,290,000$1,290,000
65$1,425,812$1,357,442$1,337,447$1,486,455
66$1,531,429$1,384,141$1,342,436$1,555,861
67$1,646,565$1,410,894$1,346,338$1,627,174
68$1,772,152$1,437,665$1,349,077$1,703,940
69$1,909,213$1,464,412$1,350,573$1,786,692
70$2,058,878$1,491,094$1,350,742$1,876,019
71$2,222,389$1,517,663$1,349,498$1,972,570
72$2,401,114$1,544,070$1,346,747$2,077,061
73$2,596,558$1,570,260$1,342,394$2,190,282
74$2,810,379$1,596,174$1,336,336$2,313,106
75$3,044,403$1,621,752$1,328,468$2,446,493
76$3,300,639$1,646,924$1,318,678$2,591,504
77$3,581,300$1,671,620$1,306,850$2,749,310
78$3,888,825$1,695,762$1,292,862$2,921,201
79$4,225,898$1,719,267$1,276,586$3,108,602
80$4,595,475$1,742,046$1,257,887$3,313,084
81$5,000,813$1,764,006$1,236,626$3,536,379
82$5,445,499$1,785,045$1,212,655$3,780,399
83$5,933,482$1,805,055$1,185,822$4,047,252
84$6,469,115$1,823,920$1,155,964$4,339,264
85$7,057,190$1,841,517$1,122,915$4,659,000
86$7,702,988$1,857,717$1,086,497$5,009,289
87$8,412,326$1,872,377$1,046,527$5,393,251
88$9,191,610$1,885,351$1,002,813$5,814,329
89$10,047,900$1,896,479$955,153$6,276,317
90$10,988,972$1,905,593$903,337$6,783,401
91$12,023,393$1,912,513$847,145$7,340,199
92$13,160,602$1,917,049$786,347$7,951,801
93$14,410,997$1,918,998$720,703$8,623,821
94$15,786,035$1,918,145$649,963$9,362,450
95$17,298,338$1,914,261$573,864$10,174,516
96$18,961,812$1,907,104$492,133$11,067,547
97$20,791,781$1,896,416$404,483$12,049,845
98$22,805,127$1,881,925$310,618$13,130,561
99$25,020,450$1,863,339$210,224$14,319,790
100$27,458,246$1,840,353$102,976$15,628,660