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%16.6%
1 years$113,133$112,126$111,142$110,183$109,246$106,303
2 years$56,007$54,964$53,953$52,972$52,022$49,078
3 years$36,967$35,919$34,911$33,940$33,005$30,152
4 years$27,449$26,404$25,406$24,452$23,539$20,800
5 years$21,740$20,701$19,716$18,781$17,894$15,275
6 years$17,935$16,904$15,934$15,020$14,159$11,663
7 years$15,218$14,196$13,241$12,348$11,515$9,142
8 years$13,181$12,169$11,229$10,359$9,553$7,302
9 years$11,598$10,595$9,672$8,823$8,045$5,914
10 years$10,332$9,339$8,432$7,606$6,855$4,841
11 years$9,297$8,314$7,424$6,619$5,895$3,996
12 years$8,435$7,462$6,588$5,806$5,109$3,320
13 years$7,706$6,744$5,886$5,126$4,455$2,773
14 years$7,082$6,130$5,289$4,550$3,905$2,326
15 years$6,542$5,600$4,775$4,058$3,438$1,958
16 years$6,070$5,138$4,329$3,633$3,039$1,653
17 years$5,653$4,732$3,939$3,265$2,694$1,399
18 years$5,284$4,372$3,596$2,942$2,396$1,187
19 years$4,953$4,052$3,292$2,658$2,135$1,008
20 years$4,656$3,765$3,021$2,408$1,907$858
21 years$4,388$3,507$2,779$2,185$1,707$730
22 years$4,144$3,274$2,561$1,987$1,530$623
23 years$3,922$3,062$2,365$1,809$1,373$531
24 years$3,719$2,869$2,187$1,650$1,234$454
25 years$3,532$2,692$2,026$1,507$1,111$388
26 years$3,360$2,530$1,879$1,378$1,001$332
27 years$3,201$2,381$1,745$1,261$902$284
28 years$3,053$2,244$1,622$1,156$814$243
29 years$2,916$2,117$1,509$1,060$735$208
30 years$2,789$1,999$1,406$973$664$178
31 years$2,670$1,890$1,311$893$600$152
32 years$2,558$1,788$1,223$821$543$130
33 years$2,453$1,693$1,142$755$492$112
34 years$2,355$1,605$1,067$695$445$96
35 years$2,263$1,522$997$639$403$82
36 years$2,176$1,445$933$589$365$70
37 years$2,094$1,372$873$543$331$60
38 years$2,016$1,304$818$500$300$52
39 years$1,943$1,240$766$461$272$44
40 years$1,873$1,180$718$425$247$38
41 years$1,807$1,123$673$392$224$33
42 years$1,744$1,070$632$362$203$28
43 years$1,685$1,019$593$334$184$24
44 years$1,628$972$556$309$167$21
45 years$1,574$926$522$285$152$18
46 years$1,522$884$491$263$138$15
47 years$1,473$843$461$243$125$13
48 years$1,426$805$433$225$114$11
49 years$1,381$769$407$208$103$10
50 years$1,338$734$383$192$94$8

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 $3,566 every year, while hoping to spend $32,784 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: 67/17/16 Blend
64$1,370,000$1,370,000$1,370,000$1,370,000
65$1,513,418$1,440,808$1,419,573$1,608,796
66$1,632,905$1,476,526$1,432,247$1,708,646
67$1,763,481$1,512,895$1,444,247$1,813,615
68$1,906,242$1,549,913$1,455,515$1,927,579
69$2,062,395$1,587,575$1,465,991$2,051,418
70$2,233,270$1,625,877$1,475,613$2,186,102
71$2,420,331$1,664,812$1,484,313$2,332,700
72$2,625,188$1,704,372$1,492,021$2,492,390
73$2,849,618$1,744,547$1,498,665$2,666,466
74$3,095,574$1,785,325$1,504,165$2,856,359
75$3,365,210$1,826,693$1,508,441$3,063,642
76$3,660,896$1,868,635$1,511,409$3,290,048
77$3,985,243$1,911,134$1,512,977$3,537,488
78$4,341,129$1,954,170$1,513,052$3,808,066
79$4,731,720$1,997,721$1,511,536$4,104,102
80$5,160,508$2,041,762$1,508,324$4,428,150
81$5,631,335$2,086,264$1,503,309$4,783,027
82$6,148,437$2,131,197$1,496,376$5,171,834
83$6,716,479$2,176,527$1,487,406$5,597,991
84$7,340,600$2,222,216$1,476,274$6,065,264
85$8,026,461$2,268,224$1,462,849$6,577,804
86$8,780,299$2,314,506$1,446,993$7,140,187
87$9,608,985$2,361,013$1,428,563$7,757,452
88$10,520,089$2,407,690$1,407,408$8,435,156
89$11,521,953$2,454,482$1,383,370$9,179,420
90$12,623,764$2,501,323$1,356,285$9,996,989
91$13,835,647$2,548,147$1,325,980$10,895,300
92$15,168,756$2,594,879$1,292,273$11,882,543
93$16,635,381$2,641,440$1,254,976$12,967,749
94$18,249,064$2,687,745$1,213,892$14,160,867
95$20,024,723$2,733,699$1,168,812$15,472,863
96$21,978,799$2,779,205$1,119,522$16,915,821
97$24,129,405$2,824,154$1,065,794$18,503,059
98$26,496,498$2,868,432$1,007,392$20,249,254
99$29,102,071$2,911,915$944,070$22,170,579
100$31,970,355$2,954,471$875,568$24,284,860