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%13.5%
1 years$107,353$106,397$105,464$104,553$103,664$102,157
2 years$53,145$52,155$51,196$50,266$49,364$47,849
3 years$35,078$34,084$33,127$32,206$31,318$29,842
4 years$26,046$25,055$24,108$23,202$22,337$20,911
5 years$20,629$19,644$18,709$17,822$16,980$15,609
6 years$17,018$16,041$15,120$14,252$13,436$12,120
7 years$14,440$13,471$12,564$11,718$10,927$9,668
8 years$12,508$11,547$10,656$9,830$9,065$7,863
9 years$11,005$10,054$9,178$8,373$7,634$6,487
10 years$9,804$8,862$8,001$7,217$6,504$5,413
11 years$8,822$7,889$7,044$6,281$5,594$4,556
12 years$8,004$7,081$6,252$5,509$4,848$3,863
13 years$7,313$6,399$5,585$4,864$4,227$3,294
14 years$6,720$5,817$5,018$4,318$3,706$2,822
15 years$6,208$5,314$4,531$3,851$3,263$2,427
16 years$5,759$4,875$4,108$3,448$2,884$2,094
17 years$5,364$4,490$3,738$3,098$2,557$1,813
18 years$5,014$4,149$3,412$2,792$2,273$1,572
19 years$4,700$3,845$3,124$2,523$2,026$1,367
20 years$4,418$3,573$2,867$2,285$1,810$1,190
21 years$4,164$3,328$2,637$2,074$1,620$1,038
22 years$3,932$3,107$2,430$1,885$1,452$906
23 years$3,722$2,906$2,244$1,717$1,303$792
24 years$3,529$2,722$2,075$1,566$1,171$693
25 years$3,352$2,555$1,922$1,430$1,054$607
26 years$3,188$2,401$1,783$1,308$949$532
27 years$3,037$2,260$1,655$1,197$856$467
28 years$2,897$2,129$1,539$1,097$772$410
29 years$2,767$2,009$1,432$1,006$697$360
30 years$2,646$1,897$1,334$923$630$316
31 years$2,533$1,793$1,244$848$570$278
32 years$2,427$1,697$1,160$779$515$244
33 years$2,328$1,607$1,083$716$466$215
34 years$2,235$1,523$1,012$659$422$189
35 years$2,147$1,445$946$607$382$166
36 years$2,065$1,371$885$559$347$146
37 years$1,987$1,302$829$515$314$128
38 years$1,913$1,238$776$475$285$113
39 years$1,843$1,177$727$438$258$100
40 years$1,777$1,120$681$404$234$88
41 years$1,715$1,066$639$372$212$77
42 years$1,655$1,015$599$344$193$68
43 years$1,598$967$562$317$175$60
44 years$1,545$922$528$293$159$53
45 years$1,493$879$496$271$144$46
46 years$1,444$839$466$250$131$41
47 years$1,398$800$437$231$119$36
48 years$1,353$764$411$213$108$32
49 years$1,310$730$386$197$98$28
50 years$1,269$697$363$182$89$25

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 $5,950 every year, while hoping to spend $26,684 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: 42/35/23 Blend
64$1,300,000$1,300,000$1,300,000$1,300,000
65$1,438,737$1,369,837$1,349,687$1,489,253
66$1,557,097$1,408,568$1,366,510$1,564,591
67$1,686,635$1,448,302$1,383,003$1,643,115
68$1,828,463$1,489,060$1,399,125$1,727,618
69$1,983,807$1,530,864$1,414,835$1,818,665
70$2,154,014$1,573,735$1,430,091$1,916,876
71$2,340,569$1,617,694$1,444,845$2,022,937
72$2,545,109$1,662,763$1,459,049$2,137,600
73$2,769,434$1,708,963$1,472,652$2,261,695
74$3,015,530$1,756,315$1,485,599$2,396,136
75$3,285,581$1,804,841$1,497,833$2,541,929
76$3,581,995$1,854,563$1,509,295$2,700,181
77$3,907,423$1,905,502$1,519,922$2,872,114
78$4,264,788$1,957,679$1,529,647$3,059,070
79$4,657,306$2,011,115$1,538,400$3,262,530
80$5,088,523$2,065,831$1,546,107$3,484,126
81$5,562,343$2,121,848$1,552,693$3,725,654
82$6,083,068$2,179,185$1,558,074$3,989,094
83$6,655,439$2,237,862$1,562,168$4,276,626
84$7,284,676$2,297,900$1,564,883$4,590,653
85$7,976,532$2,359,317$1,566,126$4,933,822
86$8,737,346$2,422,131$1,565,798$5,309,050
87$9,574,100$2,486,359$1,563,797$5,719,552
88$10,494,487$2,552,020$1,560,013$6,168,868
89$11,506,984$2,619,128$1,554,333$6,660,900
90$12,620,931$2,687,700$1,546,637$7,199,950
91$13,846,617$2,757,749$1,536,802$7,790,755
92$15,195,382$2,829,289$1,524,694$8,438,536
93$16,679,718$2,902,331$1,510,179$9,149,049
94$18,313,390$2,976,886$1,493,110$9,928,633
95$20,111,565$3,052,962$1,473,339$10,784,276
96$22,090,956$3,130,568$1,450,707$11,723,680
97$24,269,977$3,209,710$1,425,048$12,755,329
98$26,668,918$3,290,390$1,396,192$13,888,576
99$29,310,139$3,372,610$1,363,956$15,133,726
100$32,218,276$3,456,371$1,328,151$16,502,139