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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$82,579$81,843$81,126$80,425$79,741$76,729
2 years$40,881$40,119$39,381$38,666$37,972$34,972
3 years$26,983$26,218$25,482$24,774$24,091$21,198
4 years$20,036$19,273$18,545$17,848$17,182$14,418
5 years$15,868$15,111$14,391$13,709$13,061$10,433
6 years$13,091$12,339$11,630$10,963$10,335$7,845
7 years$11,108$10,362$9,665$9,013$8,405$6,052
8 years$9,621$8,882$8,197$7,561$6,973$4,755
9 years$8,466$7,734$7,060$6,440$5,872$3,786
10 years$7,542$6,817$6,155$5,552$5,003$3,045
11 years$6,786$6,069$5,419$4,832$4,303$2,468
12 years$6,157$5,447$4,809$4,238$3,729$2,013
13 years$5,625$4,922$4,296$3,742$3,252$1,649
14 years$5,170$4,474$3,860$3,321$2,850$1,357
15 years$4,775$4,087$3,485$2,962$2,510$1,120
16 years$4,430$3,750$3,160$2,652$2,218$927
17 years$4,126$3,454$2,875$2,383$1,967$768
18 years$3,857$3,191$2,625$2,148$1,749$638
19 years$3,615$2,958$2,403$1,940$1,559$531
20 years$3,399$2,748$2,205$1,757$1,392$442
21 years$3,203$2,560$2,029$1,595$1,246$368
22 years$3,025$2,390$1,870$1,450$1,117$307
23 years$2,863$2,235$1,726$1,321$1,002$256
24 years$2,714$2,094$1,596$1,205$901$214
25 years$2,578$1,965$1,479$1,100$811$179
26 years$2,453$1,847$1,371$1,006$730$150
27 years$2,336$1,738$1,273$921$658$125
28 years$2,229$1,638$1,184$844$594$105
29 years$2,129$1,545$1,102$774$537$88
30 years$2,036$1,459$1,026$710$485$73
31 years$1,949$1,380$957$652$438$61
32 years$1,867$1,305$893$599$396$51
33 years$1,791$1,236$833$551$359$43
34 years$1,719$1,172$779$507$325$36
35 years$1,652$1,111$728$467$294$30
36 years$1,588$1,055$681$430$267$25
37 years$1,528$1,002$637$396$242$21
38 years$1,472$952$597$365$219$18
39 years$1,418$905$559$337$199$15
40 years$1,367$861$524$310$180$12
41 years$1,319$820$492$286$163$10
42 years$1,273$781$461$264$148$9
43 years$1,230$744$433$244$135$7
44 years$1,188$709$406$225$122$6
45 years$1,149$676$381$208$111$5
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$4
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,000,000, adding $2,018 every year, while hoping to spend $20,860 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: 52/42/6 Blend
64$1,000,000$1,000,000$1,000,000$1,000,000
65$1,104,082$1,051,082$1,035,582$1,159,827
66$1,194,503$1,080,390$1,048,079$1,227,166
67$1,293,448$1,110,435$1,060,295$1,297,913
68$1,401,765$1,141,231$1,072,200$1,374,344
69$1,520,386$1,172,792$1,083,760$1,456,997
70$1,650,339$1,205,133$1,094,939$1,546,465
71$1,792,755$1,238,266$1,105,702$1,643,401
72$1,948,882$1,272,207$1,116,009$1,748,522
73$2,120,092$1,306,969$1,125,818$1,862,619
74$2,307,896$1,342,565$1,135,088$1,986,562
75$2,513,961$1,379,010$1,143,773$2,121,309
76$2,740,119$1,416,316$1,151,824$2,267,912
77$2,988,393$1,454,497$1,159,191$2,427,533
78$3,261,007$1,493,565$1,165,822$2,601,450
79$3,560,413$1,533,533$1,171,661$2,791,070
80$3,889,312$1,574,414$1,176,649$2,997,942
81$4,250,680$1,616,218$1,180,724$3,223,773
82$4,647,794$1,658,957$1,183,823$3,470,442
83$5,084,266$1,702,643$1,185,878$3,740,018
84$5,564,073$1,747,284$1,186,817$4,034,783
85$6,091,598$1,792,891$1,186,565$4,357,246
86$6,671,671$1,839,472$1,185,045$4,710,175
87$7,309,611$1,887,036$1,182,173$5,096,616
88$8,011,280$1,935,590$1,177,865$5,519,927
89$8,783,136$1,985,139$1,172,029$5,983,804
90$9,632,295$2,035,690$1,164,571$6,492,323
91$10,566,596$2,087,246$1,155,391$7,049,972
92$11,594,678$2,139,810$1,144,385$7,661,695
93$12,726,058$2,193,383$1,131,445$8,332,940
94$13,971,224$2,247,967$1,116,457$9,069,711
95$15,341,730$2,303,559$1,099,300$9,878,621
96$16,850,310$2,360,157$1,079,849$10,766,957
97$18,510,992$2,417,755$1,057,975$11,742,749
98$20,339,235$2,476,347$1,033,539$12,814,843
99$22,352,073$2,535,923$1,006,398$13,992,987
100$24,568,274$2,596,474$976,402$15,287,924