Can I retire at age 65 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$89,185$88,391$87,616$86,859$86,121$84,313
2 years$44,151$43,329$42,532$41,759$41,010$39,197
3 years$29,142$28,316$27,521$26,756$26,018$24,257
4 years$21,638$20,815$20,028$19,276$18,557$16,860
5 years$17,138$16,319$15,543$14,806$14,106$12,480
6 years$14,138$13,326$12,561$11,840$11,162$9,607
7 years$11,997$11,191$10,438$9,735$9,078$7,595
8 years$10,391$9,593$8,852$8,166$7,531$6,120
9 years$9,143$8,352$7,625$6,956$6,342$5,001
10 years$8,145$7,362$6,647$5,996$5,404$4,132
11 years$7,329$6,554$5,852$5,218$4,647$3,444
12 years$6,650$5,883$5,194$4,577$4,027$2,889
13 years$6,075$5,316$4,640$4,041$3,512$2,438
14 years$5,583$4,832$4,169$3,587$3,078$2,066
15 years$5,157$4,414$3,764$3,199$2,711$1,758
16 years$4,785$4,050$3,413$2,864$2,396$1,500
17 years$4,457$3,730$3,106$2,574$2,124$1,283
18 years$4,165$3,447$2,835$2,319$1,889$1,100
19 years$3,905$3,194$2,595$2,096$1,683$945
20 years$3,671$2,968$2,382$1,898$1,504$813
21 years$3,459$2,765$2,191$1,723$1,346$701
22 years$3,267$2,581$2,019$1,566$1,206$604
23 years$3,092$2,414$1,864$1,426$1,083$522
24 years$2,932$2,262$1,724$1,301$973$451
25 years$2,784$2,122$1,597$1,188$876$390
26 years$2,649$1,995$1,481$1,086$789$338
27 years$2,523$1,877$1,375$994$711$292
28 years$2,407$1,769$1,279$911$642$253
29 years$2,299$1,669$1,190$835$579$219
30 years$2,198$1,576$1,108$767$524$190
31 years$2,104$1,490$1,033$704$473$165
32 years$2,017$1,410$964$647$428$143
33 years$1,934$1,335$900$595$387$124
34 years$1,857$1,265$841$548$351$108
35 years$1,784$1,200$786$504$318$93
36 years$1,715$1,139$736$464$288$81
37 years$1,651$1,082$688$428$261$70
38 years$1,589$1,028$645$394$237$61
39 years$1,531$978$604$364$215$53
40 years$1,477$930$566$335$195$46
41 years$1,424$885$531$309$177$40
42 years$1,375$843$498$285$160$35
43 years$1,328$803$467$264$145$30
44 years$1,283$766$439$243$132$26
45 years$1,241$730$412$225$120$23
46 years$1,200$697$387$208$109$20
47 years$1,161$665$363$192$99$17
48 years$1,124$635$341$177$90$15
49 years$1,088$606$321$164$81$13
50 years$1,054$579$302$151$74$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,080,000, adding $5,424 every year, while hoping to spend $58,383 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: 51/25/24 Blend
64$1,080,000$1,080,000$1,080,000$1,080,000
65$1,195,755$1,138,515$1,121,775$1,248,454
66$1,255,603$1,132,183$1,097,235$1,279,239
67$1,319,598$1,123,584$1,069,917$1,306,316
68$1,388,103$1,112,546$1,039,665$1,334,565
69$1,461,514$1,098,884$1,006,317$1,364,119
70$1,540,264$1,082,406$969,705$1,395,131
71$1,624,832$1,062,905$929,652$1,427,771
72$1,715,741$1,040,163$885,971$1,462,231
73$1,813,566$1,013,950$838,470$1,498,724
74$1,918,938$984,022$786,947$1,537,492
75$2,032,550$950,119$731,190$1,578,805
76$2,155,163$911,968$670,978$1,622,963
77$2,287,615$869,280$606,081$1,670,305
78$2,430,825$821,748$536,258$1,721,206
79$2,585,803$769,047$461,256$1,776,088
80$2,753,660$710,836$380,814$1,835,420
81$2,935,618$646,751$294,656$1,899,725
82$3,133,020$576,411$202,495$1,969,588
83$3,347,343$499,410$104,034$2,045,659
84$3,580,211$415,321$0$2,128,660
85$3,833,413$323,692$0$2,219,665
86$4,108,914$224,045$0$2,347,750
87$4,408,877$115,878$0$2,487,329
88$4,735,684$0$0$2,639,600
89$5,091,953$0$0$2,806,257
90$5,480,569$0$0$3,022,918
91$5,904,705$0$0$3,259,486
92$6,367,853$0$0$3,517,924
93$6,873,860$0$0$3,800,391
94$7,426,960$0$0$4,109,264
95$8,031,812$0$0$4,447,160
96$8,693,549$0$0$4,816,963
97$9,417,822$0$0$5,221,846
98$10,210,852$0$0$5,665,304
99$11,079,493$0$0$6,151,185
100$12,031,290$0$0$6,683,729