Can I retire at age 65 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$108,179$107,215$106,275$105,357$104,461$102,310
2 years$53,554$52,556$51,590$50,653$49,743$47,586
3 years$35,348$34,346$33,382$32,454$31,559$29,463
4 years$26,247$25,248$24,294$23,381$22,508$20,489
5 years$20,787$19,795$18,853$17,959$17,110$15,174
6 years$17,149$16,164$15,236$14,362$13,539$11,688
7 years$14,551$13,574$12,661$11,808$11,011$9,245
8 years$12,604$11,636$10,738$9,905$9,135$7,453
9 years$11,090$10,131$9,248$8,437$7,693$6,095
10 years$9,880$8,930$8,063$7,273$6,554$5,039
11 years$8,890$7,950$7,098$6,329$5,637$4,202
12 years$8,066$7,135$6,300$5,552$4,885$3,528
13 years$7,369$6,448$5,628$4,901$4,260$2,978
14 years$6,772$5,861$5,057$4,351$3,734$2,526
15 years$6,255$5,354$4,566$3,880$3,288$2,150
16 years$5,804$4,913$4,140$3,474$2,906$1,836
17 years$5,406$4,524$3,767$3,122$2,576$1,572
18 years$5,052$4,181$3,439$2,813$2,291$1,349
19 years$4,736$3,875$3,148$2,542$2,042$1,160
20 years$4,452$3,600$2,889$2,302$1,824$999
21 years$4,196$3,354$2,657$2,089$1,632$861
22 years$3,963$3,131$2,449$1,900$1,463$743
23 years$3,750$2,928$2,261$1,730$1,313$642
24 years$3,556$2,743$2,091$1,578$1,180$556
25 years$3,377$2,574$1,937$1,441$1,062$481
26 years$3,213$2,420$1,797$1,318$957$416
27 years$3,061$2,277$1,668$1,206$863$361
28 years$2,920$2,146$1,551$1,105$778$313
29 years$2,789$2,024$1,443$1,013$703$271
30 years$2,667$1,912$1,344$930$635$235
31 years$2,553$1,807$1,253$854$574$204
32 years$2,446$1,710$1,169$785$519$177
33 years$2,346$1,619$1,092$722$470$154
34 years$2,252$1,535$1,020$664$426$134
35 years$2,164$1,456$954$611$385$116
36 years$2,081$1,382$892$563$349$101
37 years$2,002$1,312$835$519$317$88
38 years$1,928$1,247$782$478$287$76
39 years$1,858$1,186$733$441$260$66
40 years$1,791$1,128$687$407$236$58
41 years$1,728$1,074$644$375$214$50
42 years$1,668$1,023$604$346$194$43
43 years$1,611$975$567$320$176$38
44 years$1,556$929$532$295$160$33
45 years$1,505$886$500$273$145$29
46 years$1,455$845$469$252$132$25
47 years$1,408$806$441$233$120$22
48 years$1,363$770$414$215$109$19
49 years$1,320$735$389$199$99$16
50 years$1,279$702$366$184$90$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,310,000, adding $3,030 every year, while hoping to spend $20,697 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: 42/40/18 Blend
64$1,310,000$1,310,000$1,310,000$1,310,000
65$1,446,745$1,377,315$1,357,010$1,499,764
66$1,572,292$1,422,782$1,380,449$1,583,032
67$1,709,951$1,469,784$1,403,979$1,670,892
68$1,860,935$1,518,372$1,427,581$1,765,601
69$2,026,582$1,568,604$1,451,237$1,867,798
70$2,208,363$1,620,536$1,474,923$1,978,182
71$2,407,901$1,674,226$1,498,618$2,097,527
72$2,626,981$1,729,738$1,522,296$2,226,679
73$2,867,572$1,787,134$1,545,932$2,366,572
74$3,131,842$1,846,481$1,569,498$2,518,231
75$3,422,178$1,907,847$1,592,964$2,682,786
76$3,741,211$1,971,303$1,616,300$2,861,477
77$4,091,840$2,036,922$1,639,471$3,055,671
78$4,477,258$2,104,781$1,662,443$3,266,872
79$4,900,981$2,174,958$1,685,178$3,496,733
80$5,366,886$2,247,536$1,707,636$3,747,075
81$5,879,242$2,322,599$1,729,776$4,019,903
82$6,442,755$2,400,236$1,751,553$4,317,422
83$7,062,606$2,480,538$1,772,921$4,642,061
84$7,744,507$2,563,599$1,793,829$4,996,495
85$8,494,749$2,649,518$1,814,224$5,383,666
86$9,320,266$2,738,397$1,834,053$5,806,816
87$10,228,695$2,830,341$1,853,256$6,269,514
88$11,228,454$2,925,459$1,871,772$6,775,689
89$12,328,816$3,023,866$1,889,536$7,329,671
90$13,539,999$3,125,680$1,906,479$7,936,225
91$14,873,262$3,231,022$1,922,530$8,600,600
92$16,341,012$3,340,019$1,937,612$9,328,577
93$17,956,919$3,452,804$1,951,646$10,126,525
94$19,736,046$3,569,512$1,964,547$11,001,457
95$21,694,991$3,690,286$1,976,228$11,961,098
96$23,852,043$3,815,273$1,986,594$13,013,958
97$26,227,356$3,944,626$1,995,549$14,169,410
98$28,843,136$4,078,502$2,002,990$15,437,780
99$31,723,854$4,217,067$2,008,808$16,830,444
100$34,896,475$4,360,491$2,012,891$18,359,933