Can I retire at age 65 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$113,133$112,126$111,142$110,183$109,246$108,421
2 years$56,007$54,964$53,953$52,972$52,022$51,190
3 years$36,967$35,919$34,911$33,940$33,005$32,192
4 years$27,449$26,404$25,406$24,452$23,539$22,752
5 years$21,740$20,701$19,716$18,781$17,894$17,134
6 years$17,935$16,904$15,934$15,020$14,159$13,428
7 years$15,218$14,196$13,241$12,348$11,515$10,813
8 years$13,181$12,169$11,229$10,359$9,553$8,879
9 years$11,598$10,595$9,672$8,823$8,045$7,400
10 years$10,332$9,339$8,432$7,606$6,855$6,238
11 years$9,297$8,314$7,424$6,619$5,895$5,307
12 years$8,435$7,462$6,588$5,806$5,109$4,548
13 years$7,706$6,744$5,886$5,126$4,455$3,921
14 years$7,082$6,130$5,289$4,550$3,905$3,397
15 years$6,542$5,600$4,775$4,058$3,438$2,955
16 years$6,070$5,138$4,329$3,633$3,039$2,581
17 years$5,653$4,732$3,939$3,265$2,694$2,260
18 years$5,284$4,372$3,596$2,942$2,396$1,985
19 years$4,953$4,052$3,292$2,658$2,135$1,747
20 years$4,656$3,765$3,021$2,408$1,907$1,540
21 years$4,388$3,507$2,779$2,185$1,707$1,360
22 years$4,144$3,274$2,561$1,987$1,530$1,203
23 years$3,922$3,062$2,365$1,809$1,373$1,066
24 years$3,719$2,869$2,187$1,650$1,234$945
25 years$3,532$2,692$2,026$1,507$1,111$839
26 years$3,360$2,530$1,879$1,378$1,001$745
27 years$3,201$2,381$1,745$1,261$902$662
28 years$3,053$2,244$1,622$1,156$814$589
29 years$2,916$2,117$1,509$1,060$735$524
30 years$2,789$1,999$1,406$973$664$467
31 years$2,670$1,890$1,311$893$600$416
32 years$2,558$1,788$1,223$821$543$371
33 years$2,453$1,693$1,142$755$492$331
34 years$2,355$1,605$1,067$695$445$295
35 years$2,263$1,522$997$639$403$263
36 years$2,176$1,445$933$589$365$235
37 years$2,094$1,372$873$543$331$210
38 years$2,016$1,304$818$500$300$187
39 years$1,943$1,240$766$461$272$167
40 years$1,873$1,180$718$425$247$149
41 years$1,807$1,123$673$392$224$133
42 years$1,744$1,070$632$362$203$119
43 years$1,685$1,019$593$334$184$107
44 years$1,628$972$556$309$167$95
45 years$1,574$926$522$285$152$85
46 years$1,522$884$491$263$138$76
47 years$1,473$843$461$243$125$68
48 years$1,426$805$433$225$114$61
49 years$1,381$769$407$208$103$54
50 years$1,338$734$383$192$94$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,370,000, adding $6,862 every year, while hoping to spend $48,557 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: 61/10/29 Blend
64$1,370,000$1,370,000$1,370,000$1,370,000
65$1,516,818$1,444,208$1,422,973$1,597,075
66$1,619,869$1,463,310$1,418,978$1,671,669
67$1,731,804$1,481,721$1,413,223$1,747,245
68$1,853,478$1,499,355$1,405,595$1,828,729
69$1,985,831$1,516,121$1,395,981$1,916,709
70$2,129,897$1,531,923$1,384,258$2,011,835
71$2,286,817$1,546,657$1,370,300$2,114,823
72$2,457,841$1,560,212$1,353,974$2,226,464
73$2,644,350$1,572,471$1,335,141$2,347,631
74$2,847,860$1,583,309$1,313,655$2,479,287
75$3,070,043$1,592,592$1,289,364$2,622,497
76$3,312,737$1,600,179$1,262,107$2,778,433
77$3,577,967$1,605,918$1,231,719$2,948,390
78$3,867,961$1,609,650$1,198,023$3,133,798
79$4,185,173$1,611,203$1,160,837$3,336,233
80$4,532,306$1,610,397$1,119,969$3,557,437
81$4,912,333$1,607,039$1,075,221$3,799,328
82$5,328,532$1,600,924$1,026,382$4,064,025
83$5,784,510$1,591,838$973,233$4,353,866
84$6,284,241$1,579,548$915,547$4,671,428
85$6,832,100$1,563,813$853,085$5,019,557
86$7,432,907$1,544,372$785,596$5,401,390
87$8,091,971$1,520,953$712,820$5,820,389
88$8,815,137$1,493,265$634,485$6,280,373
89$9,608,846$1,461,001$550,306$6,785,554
90$10,480,193$1,423,834$459,985$7,340,576
91$11,436,991$1,381,421$363,213$7,950,565
92$12,487,849$1,333,395$259,666$8,621,172
93$13,642,250$1,279,371$149,004$9,358,629
94$14,910,639$1,218,940$30,876$10,169,811
95$16,304,526$1,151,670$0$11,062,297
96$17,836,589$1,077,103$0$12,073,903
97$19,520,796$994,756$0$13,196,502
98$21,372,535$904,117$0$14,430,822
99$23,408,761$804,647$0$15,788,201
100$25,648,154$695,774$0$17,281,135