Can I retire at age 65 with 1,380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$113,959$112,944$111,954$110,987$110,043$107,514
2 years$56,415$55,365$54,346$53,359$52,401$49,867
3 years$37,237$36,181$35,166$34,188$33,246$30,786
4 years$27,649$26,597$25,592$24,630$23,711$21,344
5 years$21,898$20,853$19,860$18,918$18,025$15,758
6 years$18,065$17,028$16,050$15,129$14,262$12,097
7 years$15,329$14,300$13,338$12,439$11,599$9,537
8 years$13,277$12,258$11,311$10,434$9,623$7,662
9 years$11,683$10,672$9,742$8,888$8,104$6,243
10 years$10,407$9,407$8,494$7,661$6,905$5,142
11 years$9,365$8,375$7,478$6,668$5,938$4,272
12 years$8,497$7,517$6,636$5,848$5,146$3,572
13 years$7,763$6,793$5,929$5,163$4,487$3,004
14 years$7,134$6,175$5,327$4,583$3,934$2,537
15 years$6,590$5,641$4,810$4,088$3,463$2,151
16 years$6,114$5,175$4,361$3,660$3,061$1,829
17 years$5,695$4,766$3,968$3,288$2,714$1,559
18 years$5,322$4,404$3,622$2,964$2,413$1,332
19 years$4,989$4,082$3,316$2,678$2,151$1,140
20 years$4,690$3,793$3,043$2,425$1,921$977
21 years$4,420$3,533$2,799$2,201$1,719$839
22 years$4,174$3,298$2,580$2,001$1,541$721
23 years$3,951$3,084$2,382$1,823$1,383$620
24 years$3,746$2,890$2,203$1,662$1,243$534
25 years$3,558$2,712$2,041$1,518$1,119$460
26 years$3,384$2,549$1,893$1,388$1,008$396
27 years$3,224$2,399$1,757$1,271$909$342
28 years$3,076$2,260$1,634$1,164$820$295
29 years$2,938$2,132$1,520$1,068$740$254
30 years$2,809$2,014$1,416$980$669$220
31 years$2,689$1,904$1,320$900$605$190
32 years$2,577$1,801$1,232$827$547$164
33 years$2,471$1,706$1,150$760$495$141
34 years$2,372$1,617$1,075$700$448$122
35 years$2,279$1,533$1,005$644$406$106
36 years$2,192$1,455$940$593$368$91
37 years$2,109$1,382$880$547$333$79
38 years$2,031$1,314$824$504$302$68
39 years$1,957$1,249$772$464$274$59
40 years$1,887$1,189$723$428$249$51
41 years$1,820$1,131$678$395$226$44
42 years$1,757$1,078$636$365$205$38
43 years$1,697$1,027$597$337$186$33
44 years$1,640$979$560$311$169$29
45 years$1,585$933$526$287$153$25
46 years$1,533$890$494$265$139$21
47 years$1,484$850$464$245$126$18
48 years$1,436$811$436$226$115$16
49 years$1,391$774$410$209$104$14
50 years$1,347$740$386$193$95$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,380,000, adding $2,215 every year, while hoping to spend $29,555 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: 40/46/14 Blend
64$1,380,000$1,380,000$1,380,000$1,380,000
65$1,523,045$1,449,905$1,428,515$1,577,532
66$1,646,949$1,489,504$1,444,924$1,655,926
67$1,782,501$1,530,053$1,460,892$1,737,621
68$1,930,857$1,571,567$1,476,373$1,825,358
69$2,093,292$1,614,061$1,491,319$1,919,699
70$2,271,209$1,657,550$1,505,679$2,021,261
71$2,466,151$1,702,049$1,519,398$2,130,726
72$2,679,820$1,747,572$1,532,420$2,248,841
73$2,914,091$1,794,132$1,544,685$2,376,430
74$3,171,027$1,841,742$1,556,130$2,514,401
75$3,452,900$1,890,417$1,566,689$2,663,752
76$3,762,215$1,940,166$1,576,293$2,825,583
77$4,101,730$1,991,003$1,584,867$3,001,105
78$4,474,481$2,042,937$1,592,335$3,191,649
79$4,883,817$2,095,979$1,598,617$3,398,686
80$5,333,422$2,150,138$1,603,626$3,623,831
81$5,827,357$2,205,421$1,607,274$3,868,866
82$6,370,097$2,261,836$1,609,467$4,135,753
83$6,966,569$2,319,388$1,610,106$4,426,652
84$7,622,203$2,378,082$1,609,089$4,743,944
85$8,342,980$2,437,921$1,606,306$5,090,253
86$9,135,491$2,498,907$1,601,644$5,468,467
87$10,006,997$2,561,038$1,594,985$5,881,769
88$10,965,496$2,624,314$1,586,202$6,333,667
89$12,019,802$2,688,731$1,575,165$6,828,026
90$13,179,626$2,754,283$1,561,738$7,369,102
91$14,455,667$2,820,962$1,545,775$7,961,588
92$15,859,713$2,888,757$1,527,126$8,610,654
93$17,404,753$2,957,656$1,505,634$9,321,995
94$19,105,099$3,027,642$1,481,134$10,101,889
95$20,976,519$3,098,697$1,453,453$10,957,254
96$23,036,390$3,170,799$1,422,409$11,895,710
97$25,303,855$3,243,922$1,387,813$12,925,659
98$27,800,012$3,318,037$1,349,468$14,056,357
99$30,548,103$3,393,112$1,307,166$15,298,003
100$33,573,744$3,469,108$1,260,690$16,661,840