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%13.4%
1 years$108,179$107,215$106,275$105,357$104,461$102,985
2 years$53,554$52,556$51,590$50,653$49,743$48,259
3 years$35,348$34,346$33,382$32,454$31,559$30,113
4 years$26,247$25,248$24,294$23,381$22,508$21,111
5 years$20,787$19,795$18,853$17,959$17,110$15,766
6 years$17,149$16,164$15,236$14,362$13,539$12,250
7 years$14,551$13,574$12,661$11,808$11,011$9,777
8 years$12,604$11,636$10,738$9,905$9,135$7,955
9 years$11,090$10,131$9,248$8,437$7,693$6,568
10 years$9,880$8,930$8,063$7,273$6,554$5,483
11 years$8,890$7,950$7,098$6,329$5,637$4,619
12 years$8,066$7,135$6,300$5,552$4,885$3,918
13 years$7,369$6,448$5,628$4,901$4,260$3,343
14 years$6,772$5,861$5,057$4,351$3,734$2,866
15 years$6,255$5,354$4,566$3,880$3,288$2,467
16 years$5,804$4,913$4,140$3,474$2,906$2,130
17 years$5,406$4,524$3,767$3,122$2,576$1,845
18 years$5,052$4,181$3,439$2,813$2,291$1,602
19 years$4,736$3,875$3,148$2,542$2,042$1,393
20 years$4,452$3,600$2,889$2,302$1,824$1,214
21 years$4,196$3,354$2,657$2,089$1,632$1,060
22 years$3,963$3,131$2,449$1,900$1,463$926
23 years$3,750$2,928$2,261$1,730$1,313$810
24 years$3,556$2,743$2,091$1,578$1,180$709
25 years$3,377$2,574$1,937$1,441$1,062$622
26 years$3,213$2,420$1,797$1,318$957$545
27 years$3,061$2,277$1,668$1,206$863$479
28 years$2,920$2,146$1,551$1,105$778$420
29 years$2,789$2,024$1,443$1,013$703$369
30 years$2,667$1,912$1,344$930$635$325
31 years$2,553$1,807$1,253$854$574$286
32 years$2,446$1,710$1,169$785$519$251
33 years$2,346$1,619$1,092$722$470$221
34 years$2,252$1,535$1,020$664$426$195
35 years$2,164$1,456$954$611$385$171
36 years$2,081$1,382$892$563$349$151
37 years$2,002$1,312$835$519$317$133
38 years$1,928$1,247$782$478$287$117
39 years$1,858$1,186$733$441$260$103
40 years$1,791$1,128$687$407$236$91
41 years$1,728$1,074$644$375$214$80
42 years$1,668$1,023$604$346$194$71
43 years$1,611$975$567$320$176$62
44 years$1,556$929$532$295$160$55
45 years$1,505$886$500$273$145$48
46 years$1,455$845$469$252$132$43
47 years$1,408$806$441$233$120$38
48 years$1,363$770$414$215$109$33
49 years$1,320$735$389$199$99$29
50 years$1,279$702$366$184$90$26

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 $3,214 every year, while hoping to spend $26,169 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: 46/35/19 Blend
64$1,310,000$1,310,000$1,310,000$1,310,000
65$1,446,935$1,377,505$1,357,200$1,505,505
66$1,566,679$1,417,159$1,374,823$1,586,419
67$1,697,760$1,457,880$1,392,159$1,671,283
68$1,841,306$1,499,690$1,409,171$1,762,804
69$1,998,560$1,542,616$1,425,819$1,861,615
70$2,170,892$1,586,683$1,442,063$1,968,410
71$2,359,809$1,631,917$1,457,858$2,083,955
72$2,566,971$1,678,342$1,473,158$2,209,092
73$2,794,208$1,725,987$1,487,914$2,344,747
74$3,043,532$1,774,875$1,502,075$2,491,941
75$3,317,164$1,825,036$1,515,586$2,651,799
76$3,617,547$1,876,494$1,528,390$2,825,558
77$3,947,373$1,929,279$1,540,427$3,014,581
78$4,309,607$1,983,416$1,551,633$3,220,369
79$4,707,517$2,038,933$1,561,943$3,444,575
80$5,144,701$2,095,858$1,571,285$3,689,019
81$5,625,123$2,154,218$1,579,586$3,955,707
82$6,153,153$2,214,041$1,586,769$4,246,848
83$6,733,600$2,275,355$1,592,752$4,564,877
84$7,371,767$2,338,188$1,597,449$4,912,472
85$8,073,495$2,402,566$1,600,771$5,292,589
86$8,845,217$2,468,518$1,602,623$5,708,480
87$9,694,025$2,536,071$1,602,906$6,163,730
88$10,627,729$2,605,251$1,601,517$6,662,288
89$11,654,935$2,676,086$1,598,345$7,208,506
90$12,785,126$2,748,603$1,593,278$7,807,178
91$14,028,750$2,822,826$1,586,194$8,463,586
92$15,397,320$2,898,781$1,576,969$9,183,551
93$16,903,520$2,976,494$1,565,470$9,973,487
94$18,561,325$3,055,989$1,551,560$10,840,459
95$20,386,137$3,137,289$1,535,093$11,792,255
96$22,394,923$3,220,416$1,515,919$12,837,456
97$24,606,381$3,305,393$1,493,879$13,985,517
98$27,041,115$3,392,240$1,468,807$15,246,856
99$29,721,825$3,480,976$1,440,528$16,632,955
100$32,673,527$3,571,620$1,408,861$18,156,465