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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$113,959$112,944$111,954$110,987$110,043$106,139
2 years$56,415$55,365$54,346$53,359$52,401$48,509
3 years$37,237$36,181$35,166$34,188$33,246$29,488
4 years$27,649$26,597$25,592$24,630$23,711$20,117
5 years$21,898$20,853$19,860$18,918$18,025$14,604
6 years$18,065$17,028$16,050$15,129$14,262$11,017
7 years$15,329$14,300$13,338$12,439$11,599$8,528
8 years$13,277$12,258$11,311$10,434$9,623$6,724
9 years$11,683$10,672$9,742$8,888$8,104$5,373
10 years$10,407$9,407$8,494$7,661$6,905$4,338
11 years$9,365$8,375$7,478$6,668$5,938$3,530
12 years$8,497$7,517$6,636$5,848$5,146$2,891
13 years$7,763$6,793$5,929$5,163$4,487$2,379
14 years$7,134$6,175$5,327$4,583$3,934$1,965
15 years$6,590$5,641$4,810$4,088$3,463$1,629
16 years$6,114$5,175$4,361$3,660$3,061$1,354
17 years$5,695$4,766$3,968$3,288$2,714$1,127
18 years$5,322$4,404$3,622$2,964$2,413$940
19 years$4,989$4,082$3,316$2,678$2,151$786
20 years$4,690$3,793$3,043$2,425$1,921$657
21 years$4,420$3,533$2,799$2,201$1,719$550
22 years$4,174$3,298$2,580$2,001$1,541$461
23 years$3,951$3,084$2,382$1,823$1,383$387
24 years$3,746$2,890$2,203$1,662$1,243$325
25 years$3,558$2,712$2,041$1,518$1,119$273
26 years$3,384$2,549$1,893$1,388$1,008$229
27 years$3,224$2,399$1,757$1,271$909$192
28 years$3,076$2,260$1,634$1,164$820$162
29 years$2,938$2,132$1,520$1,068$740$136
30 years$2,809$2,014$1,416$980$669$114
31 years$2,689$1,904$1,320$900$605$96
32 years$2,577$1,801$1,232$827$547$81
33 years$2,471$1,706$1,150$760$495$68
34 years$2,372$1,617$1,075$700$448$57
35 years$2,279$1,533$1,005$644$406$48
36 years$2,192$1,455$940$593$368$41
37 years$2,109$1,382$880$547$333$34
38 years$2,031$1,314$824$504$302$29
39 years$1,957$1,249$772$464$274$24
40 years$1,887$1,189$723$428$249$20
41 years$1,820$1,131$678$395$226$17
42 years$1,757$1,078$636$365$205$14
43 years$1,697$1,027$597$337$186$12
44 years$1,640$979$560$311$169$10
45 years$1,585$933$526$287$153$9
46 years$1,533$890$494$265$139$7
47 years$1,484$850$464$245$126$6
48 years$1,436$811$436$226$115$5
49 years$1,391$774$410$209$104$4
50 years$1,347$740$386$193$95$4

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 $6,263 every year, while hoping to spend $30,895 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: 33/43/24 Blend
64$1,380,000$1,380,000$1,380,000$1,380,000
65$1,527,220$1,454,080$1,432,690$1,566,240
66$1,650,125$1,492,458$1,447,813$1,634,466
67$1,784,530$1,531,681$1,462,408$1,704,722
68$1,931,576$1,571,758$1,476,423$1,779,817
69$2,092,520$1,612,697$1,489,805$1,860,201
70$2,268,743$1,654,505$1,502,500$1,946,365
71$2,461,769$1,697,190$1,514,448$2,038,851
72$2,673,274$1,740,757$1,525,587$2,138,258
73$2,905,106$1,785,212$1,535,852$2,245,242
74$3,159,298$1,830,558$1,545,174$2,360,529
75$3,438,090$1,876,799$1,553,481$2,484,917
76$3,743,950$1,923,938$1,560,698$2,619,285
77$4,079,596$1,971,974$1,566,744$2,764,602
78$4,448,022$2,020,907$1,571,537$2,921,936
79$4,852,524$2,070,736$1,574,988$3,092,464
80$5,296,737$2,121,457$1,577,005$3,277,482
81$5,784,660$2,173,064$1,577,490$3,478,420
82$6,320,703$2,225,552$1,576,344$3,696,852
83$6,909,721$2,278,911$1,573,458$3,934,514
84$7,557,065$2,333,130$1,568,721$4,193,318
85$8,268,628$2,388,196$1,562,016$4,475,375
86$9,050,904$2,444,093$1,553,219$4,783,006
87$9,911,047$2,500,804$1,542,203$5,118,775
88$10,856,938$2,558,308$1,528,831$5,485,504
89$11,897,262$2,616,582$1,512,963$5,886,306
90$13,041,586$2,675,597$1,494,450$6,324,611
91$14,300,451$2,735,324$1,473,137$6,804,202
92$15,685,471$2,795,730$1,448,862$7,329,246
93$17,209,445$2,856,776$1,421,455$7,904,337
94$18,886,472$2,918,422$1,390,737$8,534,542
95$20,732,087$2,980,620$1,356,522$9,225,443
96$22,763,411$3,043,321$1,318,616$9,983,194
97$24,999,304$3,106,468$1,276,815$10,814,579
98$27,460,549$3,170,002$1,230,904$11,727,076
99$30,170,048$3,233,855$1,180,663$12,728,928
100$33,153,035$3,297,956$1,125,857$13,829,222