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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$108,179$107,215$106,275$105,357$104,461$103,846
2 years$53,554$52,556$51,590$50,653$49,743$49,123
3 years$35,348$34,346$33,382$32,454$31,559$30,953
4 years$26,247$25,248$24,294$23,381$22,508$21,920
5 years$20,787$19,795$18,853$17,959$17,110$16,543
6 years$17,149$16,164$15,236$14,362$13,539$12,992
7 years$14,551$13,574$12,661$11,808$11,011$10,485
8 years$12,604$11,636$10,738$9,905$9,135$8,630
9 years$11,090$10,131$9,248$8,437$7,693$7,209
10 years$9,880$8,930$8,063$7,273$6,554$6,092
11 years$8,890$7,950$7,098$6,329$5,637$5,195
12 years$8,066$7,135$6,300$5,552$4,885$4,463
13 years$7,369$6,448$5,628$4,901$4,260$3,857
14 years$6,772$5,861$5,057$4,351$3,734$3,351
15 years$6,255$5,354$4,566$3,880$3,288$2,923
16 years$5,804$4,913$4,140$3,474$2,906$2,559
17 years$5,406$4,524$3,767$3,122$2,576$2,248
18 years$5,052$4,181$3,439$2,813$2,291$1,979
19 years$4,736$3,875$3,148$2,542$2,042$1,747
20 years$4,452$3,600$2,889$2,302$1,824$1,545
21 years$4,196$3,354$2,657$2,089$1,632$1,368
22 years$3,963$3,131$2,449$1,900$1,463$1,214
23 years$3,750$2,928$2,261$1,730$1,313$1,078
24 years$3,556$2,743$2,091$1,578$1,180$959
25 years$3,377$2,574$1,937$1,441$1,062$854
26 years$3,213$2,420$1,797$1,318$957$761
27 years$3,061$2,277$1,668$1,206$863$679
28 years$2,920$2,146$1,551$1,105$778$606
29 years$2,789$2,024$1,443$1,013$703$541
30 years$2,667$1,912$1,344$930$635$483
31 years$2,553$1,807$1,253$854$574$432
32 years$2,446$1,710$1,169$785$519$386
33 years$2,346$1,619$1,092$722$470$346
34 years$2,252$1,535$1,020$664$426$309
35 years$2,164$1,456$954$611$385$277
36 years$2,081$1,382$892$563$349$248
37 years$2,002$1,312$835$519$317$222
38 years$1,928$1,247$782$478$287$199
39 years$1,858$1,186$733$441$260$178
40 years$1,791$1,128$687$407$236$160
41 years$1,728$1,074$644$375$214$143
42 years$1,668$1,023$604$346$194$128
43 years$1,611$975$567$320$176$115
44 years$1,556$929$532$295$160$103
45 years$1,505$886$500$273$145$93
46 years$1,455$845$469$252$132$83
47 years$1,408$806$441$233$120$75
48 years$1,363$770$414$215$109$67
49 years$1,320$735$389$199$99$60
50 years$1,279$702$366$184$90$54

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 $4,332 every year, while hoping to spend $20,718 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: 60/23/17 Blend
64$1,310,000$1,310,000$1,310,000$1,310,000
65$1,448,088$1,378,658$1,358,353$1,528,412
66$1,573,750$1,424,169$1,381,815$1,628,673
67$1,711,534$1,471,215$1,405,367$1,735,320
68$1,862,656$1,519,850$1,428,992$1,851,183
69$2,028,454$1,570,130$1,452,671$1,977,157
70$2,210,401$1,622,111$1,476,380$2,114,227
71$2,410,120$1,675,853$1,500,097$2,263,476
72$2,629,400$1,731,417$1,523,798$2,426,097
73$2,870,210$1,788,868$1,547,456$2,603,404
74$3,134,720$1,848,271$1,571,045$2,796,842
75$3,425,320$1,909,695$1,594,534$3,008,003
76$3,744,644$1,973,211$1,617,891$3,238,640
77$4,095,591$2,038,892$1,641,084$3,490,682
78$4,481,359$2,106,815$1,664,078$3,766,256
79$4,905,467$2,177,058$1,686,834$4,067,701
80$5,371,795$2,249,705$1,709,314$4,397,595
81$5,884,617$2,324,839$1,731,474$4,758,778
82$6,448,641$2,402,549$1,753,271$5,154,375
83$7,069,054$2,482,926$1,774,658$5,587,832
84$7,751,574$2,566,065$1,795,585$6,062,942
85$8,502,497$2,652,065$1,816,000$6,583,883
86$9,328,762$2,741,027$1,835,846$7,155,258
87$10,238,015$2,833,057$1,855,067$7,782,138
88$11,238,681$2,928,264$1,873,599$8,470,109
89$12,340,040$3,026,763$1,891,379$9,225,324
90$13,552,321$3,128,671$1,908,337$10,054,561
91$14,886,793$3,234,111$1,924,401$10,965,290
92$16,355,873$3,343,210$1,939,496$11,965,738
93$17,973,244$3,456,099$1,953,541$13,064,970
94$19,753,983$3,572,916$1,966,453$14,272,973
95$21,714,702$3,693,802$1,978,142$15,600,750
96$23,873,708$3,818,904$1,988,516$17,060,424
97$26,251,172$3,948,376$1,997,477$18,665,353
98$28,869,321$4,082,376$2,004,922$20,430,253
99$31,752,648$4,221,069$2,010,743$22,371,340
100$34,928,141$4,364,625$2,014,826$24,506,481