Can I retire at age 65 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$111,482$110,489$109,520$108,574$107,651$104,963
2 years$55,189$54,161$53,165$52,199$51,262$48,572
3 years$36,427$35,395$34,401$33,445$32,523$29,913
4 years$27,048$26,019$25,035$24,095$23,196$20,687
5 years$21,422$20,399$19,428$18,507$17,633$15,232
6 years$17,673$16,657$15,701$14,800$13,952$11,662
7 years$14,996$13,989$13,048$12,168$11,347$9,168
8 years$12,989$11,991$11,065$10,208$9,413$7,344
9 years$11,429$10,440$9,531$8,695$7,927$5,966
10 years$10,181$9,203$8,309$7,495$6,755$4,899
11 years$9,161$8,193$7,315$6,523$5,809$4,056
12 years$8,312$7,353$6,492$5,721$5,034$3,381
13 years$7,594$6,645$5,800$5,051$4,390$2,834
14 years$6,979$6,040$5,211$4,484$3,848$2,385
15 years$6,446$5,518$4,705$3,999$3,388$2,015
16 years$5,981$5,063$4,266$3,580$2,994$1,707
17 years$5,571$4,662$3,882$3,217$2,655$1,450
18 years$5,206$4,308$3,544$2,899$2,361$1,235
19 years$4,881$3,993$3,244$2,620$2,104$1,053
20 years$4,588$3,710$2,977$2,373$1,880$899
21 years$4,324$3,456$2,738$2,153$1,682$769
22 years$4,084$3,226$2,524$1,958$1,508$658
23 years$3,865$3,017$2,330$1,783$1,353$564
24 years$3,665$2,827$2,155$1,626$1,216$483
25 years$3,481$2,653$1,996$1,485$1,095$415
26 years$3,311$2,493$1,851$1,358$986$356
27 years$3,154$2,347$1,719$1,243$889$306
28 years$3,009$2,211$1,598$1,139$802$263
29 years$2,874$2,086$1,487$1,044$724$226
30 years$2,748$1,970$1,385$958$654$194
31 years$2,631$1,862$1,291$880$592$167
32 years$2,521$1,762$1,205$809$535$144
33 years$2,418$1,669$1,125$744$484$123
34 years$2,321$1,582$1,051$684$439$106
35 years$2,230$1,500$983$630$397$91
36 years$2,144$1,424$919$580$360$79
37 years$2,063$1,352$861$535$326$68
38 years$1,987$1,285$806$493$296$58
39 years$1,914$1,222$755$454$268$50
40 years$1,846$1,163$708$419$243$43
41 years$1,781$1,107$664$387$221$37
42 years$1,719$1,054$622$357$200$32
43 years$1,660$1,004$584$329$182$28
44 years$1,604$957$548$304$165$24
45 years$1,551$913$515$281$150$20
46 years$1,500$871$484$259$136$18
47 years$1,451$831$454$240$123$15
48 years$1,405$793$427$222$112$13
49 years$1,361$758$401$205$102$11
50 years$1,318$724$377$189$92$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,350,000, adding $6,309 every year, while hoping to spend $30,891 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: 26/50/24 Blend
64$1,350,000$1,350,000$1,350,000$1,350,000
65$1,494,208$1,422,658$1,401,733$1,521,606
66$1,613,749$1,459,500$1,415,823$1,581,001
67$1,744,448$1,497,113$1,429,350$1,641,593
68$1,887,411$1,535,500$1,442,262$1,705,955
69$2,043,854$1,574,667$1,454,505$1,774,424
70$2,215,119$1,614,617$1,466,022$1,847,372
71$2,402,680$1,655,352$1,476,753$1,925,208
72$2,608,163$1,696,874$1,486,634$2,008,384
73$2,833,358$1,739,184$1,495,599$2,097,396
74$3,080,238$1,782,280$1,503,578$2,192,791
75$3,350,971$1,826,162$1,510,498$2,295,172
76$3,647,951$1,870,824$1,516,280$2,405,204
77$3,973,812$1,916,264$1,520,845$2,523,618
78$4,331,453$1,962,474$1,524,106$2,651,221
79$4,724,072$2,009,446$1,525,974$2,788,903
80$5,155,189$2,057,170$1,526,356$2,937,644
81$5,628,681$2,105,634$1,525,152$3,098,524
82$6,148,821$2,154,825$1,522,259$3,272,735
83$6,720,314$2,204,725$1,517,568$3,461,589
84$7,348,346$2,255,316$1,510,966$3,666,534
85$8,038,628$2,306,577$1,502,334$3,889,165
86$8,797,452$2,358,483$1,491,546$4,131,243
87$9,631,751$2,411,008$1,478,472$4,394,706
88$10,549,162$2,464,120$1,462,974$4,681,693
89$11,558,102$2,517,787$1,444,908$4,994,563
90$12,667,840$2,571,970$1,424,124$5,335,914
91$13,888,592$2,626,629$1,400,465$5,708,612
92$15,231,613$2,681,718$1,373,765$6,115,819
93$16,709,302$2,737,187$1,343,851$6,561,018
94$18,335,325$2,792,983$1,310,544$7,048,050
95$20,124,734$2,849,045$1,273,653$7,581,152
96$22,094,118$2,905,310$1,232,982$8,164,992
97$24,261,754$2,961,706$1,188,323$8,804,721
98$26,647,781$3,018,158$1,139,459$9,506,014
99$29,274,390$3,074,582$1,086,166$10,275,131
100$32,166,031$3,130,891$1,028,207$11,118,972