Can I retire at age 65 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$107,353$106,397$105,464$104,553$103,664$101,696
2 years$53,145$52,155$51,196$50,266$49,364$47,388
3 years$35,078$34,084$33,127$32,206$31,318$29,398
4 years$26,046$25,055$24,108$23,202$22,337$20,485
5 years$20,629$19,644$18,709$17,822$16,980$15,203
6 years$17,018$16,041$15,120$14,252$13,436$11,735
7 years$14,440$13,471$12,564$11,718$10,927$9,303
8 years$12,508$11,547$10,656$9,830$9,065$7,518
9 years$11,005$10,054$9,178$8,373$7,634$6,163
10 years$9,804$8,862$8,001$7,217$6,504$5,107
11 years$8,822$7,889$7,044$6,281$5,594$4,270
12 years$8,004$7,081$6,252$5,509$4,848$3,594
13 years$7,313$6,399$5,585$4,864$4,227$3,042
14 years$6,720$5,817$5,018$4,318$3,706$2,587
15 years$6,208$5,314$4,531$3,851$3,263$2,209
16 years$5,759$4,875$4,108$3,448$2,884$1,891
17 years$5,364$4,490$3,738$3,098$2,557$1,624
18 years$5,014$4,149$3,412$2,792$2,273$1,398
19 years$4,700$3,845$3,124$2,523$2,026$1,205
20 years$4,418$3,573$2,867$2,285$1,810$1,041
21 years$4,164$3,328$2,637$2,074$1,620$900
22 years$3,932$3,107$2,430$1,885$1,452$779
23 years$3,722$2,906$2,244$1,717$1,303$676
24 years$3,529$2,722$2,075$1,566$1,171$586
25 years$3,352$2,555$1,922$1,430$1,054$509
26 years$3,188$2,401$1,783$1,308$949$442
27 years$3,037$2,260$1,655$1,197$856$384
28 years$2,897$2,129$1,539$1,097$772$334
29 years$2,767$2,009$1,432$1,006$697$291
30 years$2,646$1,897$1,334$923$630$253
31 years$2,533$1,793$1,244$848$570$220
32 years$2,427$1,697$1,160$779$515$192
33 years$2,328$1,607$1,083$716$466$167
34 years$2,235$1,523$1,012$659$422$146
35 years$2,147$1,445$946$607$382$127
36 years$2,065$1,371$885$559$347$111
37 years$1,987$1,302$829$515$314$97
38 years$1,913$1,238$776$475$285$84
39 years$1,843$1,177$727$438$258$73
40 years$1,777$1,120$681$404$234$64
41 years$1,715$1,066$639$372$212$56
42 years$1,655$1,015$599$344$193$49
43 years$1,598$967$562$317$175$42
44 years$1,545$922$528$293$159$37
45 years$1,493$879$496$271$144$32
46 years$1,444$839$466$250$131$28
47 years$1,398$800$437$231$119$25
48 years$1,353$764$411$213$108$21
49 years$1,310$730$386$197$98$19
50 years$1,269$697$363$182$89$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,300,000, adding $3,929 every year, while hoping to spend $31,528 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: 49/34/17 Blend
64$1,300,000$1,300,000$1,300,000$1,300,000
65$1,436,653$1,367,753$1,347,603$1,500,060
66$1,549,646$1,401,227$1,359,202$1,577,771
67$1,673,107$1,435,285$1,370,133$1,658,582
68$1,808,072$1,469,922$1,380,340$1,745,686
69$1,955,679$1,505,131$1,389,765$1,839,686
70$2,117,182$1,540,907$1,398,346$1,941,245
71$2,293,962$1,577,239$1,406,018$2,051,095
72$2,487,540$1,614,117$1,412,713$2,170,042
73$2,699,590$1,651,529$1,418,360$2,298,973
74$2,931,956$1,689,462$1,422,883$2,438,864
75$3,186,669$1,727,899$1,426,203$2,590,795
76$3,465,966$1,766,823$1,428,238$2,755,951
77$3,772,310$1,806,213$1,428,899$2,935,640
78$4,108,415$1,846,047$1,428,097$3,131,304
79$4,477,270$1,886,300$1,425,735$3,344,530
80$4,882,167$1,926,944$1,421,712$3,577,070
81$5,326,731$1,967,948$1,415,923$3,830,851
82$5,814,959$2,009,278$1,408,258$4,108,000
83$6,351,251$2,050,899$1,398,600$4,410,860
84$6,940,453$2,092,768$1,386,828$4,742,012
85$7,587,908$2,134,842$1,372,815$5,104,302
86$8,299,499$2,177,073$1,356,428$5,500,868
87$9,081,706$2,219,408$1,337,528$5,935,165
88$9,941,672$2,261,792$1,315,967$6,411,004
89$10,887,265$2,304,161$1,291,593$6,932,586
90$11,927,151$2,346,450$1,264,247$7,504,537
91$13,070,881$2,388,587$1,233,760$8,131,962
92$14,328,977$2,430,494$1,199,957$8,820,482
93$15,713,032$2,472,087$1,162,655$9,576,296
94$17,235,820$2,513,278$1,121,662$10,406,237
95$18,911,413$2,553,969$1,076,778$11,317,833
96$20,755,320$2,594,056$1,027,793$12,319,384
97$22,784,626$2,633,428$974,487$13,420,040
98$25,018,158$2,671,966$916,632$14,629,882
99$27,476,658$2,709,541$853,988$15,960,025
100$30,182,986$2,746,016$786,305$17,422,718