Can I retire at age 65 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$109,004$108,033$107,086$106,161$105,259$104,420
2 years$53,963$52,958$51,984$51,039$50,123$49,278
3 years$35,618$34,608$33,637$32,701$31,800$30,975
4 years$26,447$25,441$24,479$23,559$22,680$21,880
5 years$20,946$19,946$18,997$18,096$17,241$16,469
6 years$17,280$16,287$15,352$14,471$13,642$12,900
7 years$14,662$13,678$12,758$11,898$11,095$10,382
8 years$12,700$11,725$10,820$9,981$9,204$8,521
9 years$11,175$10,208$9,319$8,501$7,751$7,097
10 years$9,955$8,998$8,124$7,328$6,604$5,979
11 years$8,958$8,011$7,153$6,378$5,680$5,083
12 years$8,127$7,190$6,348$5,594$4,922$4,353
13 years$7,425$6,498$5,671$4,939$4,292$3,751
14 years$6,824$5,906$5,096$4,384$3,763$3,247
15 years$6,303$5,395$4,601$3,910$3,313$2,824
16 years$5,848$4,950$4,171$3,501$2,928$2,464
17 years$5,447$4,559$3,796$3,146$2,596$2,156
18 years$5,091$4,213$3,465$2,835$2,308$1,892
19 years$4,772$3,904$3,172$2,561$2,057$1,664
20 years$4,486$3,628$2,911$2,320$1,838$1,466
21 years$4,228$3,379$2,678$2,105$1,645$1,294
22 years$3,993$3,154$2,468$1,914$1,474$1,144
23 years$3,779$2,950$2,279$1,743$1,323$1,012
24 years$3,583$2,764$2,107$1,590$1,189$897
25 years$3,403$2,594$1,952$1,452$1,070$795
26 years$3,237$2,438$1,810$1,328$964$706
27 years$3,084$2,294$1,681$1,215$869$627
28 years$2,942$2,162$1,563$1,114$784$557
29 years$2,810$2,040$1,454$1,021$708$496
30 years$2,687$1,926$1,355$937$640$441
31 years$2,572$1,821$1,263$861$579$393
32 years$2,465$1,723$1,178$791$523$350
33 years$2,364$1,632$1,100$727$474$312
34 years$2,269$1,546$1,028$669$429$278
35 years$2,180$1,467$961$616$388$248
36 years$2,096$1,392$899$567$352$221
37 years$2,017$1,322$841$523$319$197
38 years$1,943$1,257$788$482$289$176
39 years$1,872$1,195$738$444$262$157
40 years$1,805$1,137$692$410$238$140
41 years$1,741$1,082$649$378$216$125
42 years$1,681$1,031$609$349$196$112
43 years$1,623$982$571$322$178$100
44 years$1,568$936$536$297$161$89
45 years$1,516$893$503$275$146$79
46 years$1,466$852$473$254$133$71
47 years$1,419$813$444$234$121$63
48 years$1,374$776$417$217$110$57
49 years$1,330$741$392$200$100$51
50 years$1,289$708$369$185$90$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,320,000, adding $6,776 every year, while hoping to spend $35,359 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: 46/24/30 Blend
64$1,320,000$1,320,000$1,320,000$1,320,000
65$1,461,629$1,391,669$1,371,209$1,515,959
66$1,573,094$1,422,240$1,379,523$1,585,803
67$1,694,743$1,453,122$1,386,931$1,657,622
68$1,827,577$1,484,296$1,393,363$1,734,885
69$1,972,700$1,515,737$1,398,751$1,818,124
70$2,131,325$1,547,417$1,403,018$1,907,922
71$2,304,787$1,579,308$1,406,087$2,004,926
72$2,494,560$1,611,378$1,407,875$2,109,849
73$2,702,261$1,643,592$1,408,295$2,223,475
74$2,929,675$1,675,912$1,407,257$2,346,672
75$3,178,767$1,708,296$1,404,665$2,480,396
76$3,451,700$1,740,701$1,400,420$2,625,701
77$3,750,856$1,773,078$1,394,416$2,783,750
78$4,078,859$1,805,374$1,386,545$2,955,826
79$4,438,598$1,837,534$1,376,690$3,143,344
80$4,833,258$1,869,496$1,364,732$3,347,866
81$5,266,343$1,901,194$1,350,543$3,571,113
82$5,741,716$1,932,559$1,333,992$3,814,983
83$6,263,631$1,963,513$1,314,941$4,081,572
84$6,836,773$1,993,977$1,293,243$4,373,190
85$7,466,305$2,023,863$1,268,747$4,692,383
86$8,157,912$2,053,076$1,241,294$5,041,963
87$8,917,860$2,081,518$1,210,718$5,425,027
88$9,753,049$2,109,080$1,176,845$5,844,994
89$10,671,083$2,135,648$1,139,493$6,305,633
90$11,680,338$2,161,099$1,098,470$6,811,099
91$12,790,043$2,185,303$1,053,579$7,365,977
92$14,010,364$2,208,119$1,004,610$7,975,321
93$15,352,503$2,229,400$951,347$8,644,704
94$16,828,803$2,248,985$893,562$9,380,272
95$18,452,861$2,266,705$831,017$10,188,803
96$20,239,660$2,282,381$763,463$11,077,769
97$22,205,708$2,295,820$690,641$12,055,409
98$24,369,193$2,306,818$612,281$13,130,809
99$26,750,156$2,315,158$528,098$14,313,986
100$29,370,680$2,320,609$437,797$15,615,983