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%18.7%
1 years$89,185$88,391$87,616$86,859$86,121$83,098
2 years$44,151$43,329$42,532$41,759$41,010$37,996
3 years$29,142$28,316$27,521$26,756$26,018$23,109
4 years$21,638$20,815$20,028$19,276$18,557$15,773
5 years$17,138$16,319$15,543$14,806$14,106$11,456
6 years$14,138$13,326$12,561$11,840$11,162$8,647
7 years$11,997$11,191$10,438$9,735$9,078$6,698
8 years$10,391$9,593$8,852$8,166$7,531$5,284
9 years$9,143$8,352$7,625$6,956$6,342$4,225
10 years$8,145$7,362$6,647$5,996$5,404$3,413
11 years$7,329$6,554$5,852$5,218$4,647$2,779
12 years$6,650$5,883$5,194$4,577$4,027$2,277
13 years$6,075$5,316$4,640$4,041$3,512$1,875
14 years$5,583$4,832$4,169$3,587$3,078$1,550
15 years$5,157$4,414$3,764$3,199$2,711$1,286
16 years$4,785$4,050$3,413$2,864$2,396$1,069
17 years$4,457$3,730$3,106$2,574$2,124$891
18 years$4,165$3,447$2,835$2,319$1,889$744
19 years$3,905$3,194$2,595$2,096$1,683$622
20 years$3,671$2,968$2,382$1,898$1,504$521
21 years$3,459$2,765$2,191$1,723$1,346$437
22 years$3,267$2,581$2,019$1,566$1,206$366
23 years$3,092$2,414$1,864$1,426$1,083$307
24 years$2,932$2,262$1,724$1,301$973$258
25 years$2,784$2,122$1,597$1,188$876$217
26 years$2,649$1,995$1,481$1,086$789$182
27 years$2,523$1,877$1,375$994$711$153
28 years$2,407$1,769$1,279$911$642$129
29 years$2,299$1,669$1,190$835$579$108
30 years$2,198$1,576$1,108$767$524$91
31 years$2,104$1,490$1,033$704$473$77
32 years$2,017$1,410$964$647$428$65
33 years$1,934$1,335$900$595$387$54
34 years$1,857$1,265$841$548$351$46
35 years$1,784$1,200$786$504$318$39
36 years$1,715$1,139$736$464$288$33
37 years$1,651$1,082$688$428$261$27
38 years$1,589$1,028$645$394$237$23
39 years$1,531$978$604$364$215$19
40 years$1,477$930$566$335$195$16
41 years$1,424$885$531$309$177$14
42 years$1,375$843$498$285$160$12
43 years$1,328$803$467$264$145$10
44 years$1,283$766$439$243$132$8
45 years$1,241$730$412$225$120$7
46 years$1,200$697$387$208$109$6
47 years$1,161$665$363$192$99$5
48 years$1,124$635$341$177$90$4
49 years$1,088$606$321$164$81$3
50 years$1,054$579$302$151$74$3

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 $3,187 every year, while hoping to spend $28,230 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: 76/12/12 Blend
64$1,080,000$1,080,000$1,080,000$1,080,000
65$1,193,447$1,136,207$1,119,467$1,281,111
66$1,285,143$1,161,845$1,126,933$1,364,974
67$1,385,244$1,187,793$1,133,703$1,453,000
68$1,494,581$1,214,036$1,139,723$1,548,706
69$1,614,063$1,240,559$1,144,939$1,652,848
70$1,744,693$1,267,342$1,149,290$1,766,256
71$1,887,577$1,294,367$1,152,717$1,889,845
72$2,043,930$1,321,611$1,155,153$2,024,622
73$2,215,092$1,349,051$1,156,531$2,171,698
74$2,402,536$1,376,660$1,156,780$2,332,295
75$2,607,888$1,404,408$1,155,825$2,507,762
76$2,832,934$1,432,266$1,153,587$2,699,581
77$3,079,645$1,460,199$1,149,983$2,909,388
78$3,350,189$1,488,169$1,144,928$3,138,985
79$3,646,957$1,516,138$1,138,332$3,390,356
80$3,972,578$1,544,060$1,130,098$3,665,688
81$4,329,952$1,571,891$1,120,127$3,967,391
82$4,722,272$1,599,578$1,108,316$4,298,119
83$5,153,055$1,627,068$1,094,556$4,660,797
84$5,626,174$1,654,302$1,078,731$5,058,650
85$6,145,898$1,681,217$1,060,723$5,495,229
86$6,716,928$1,707,745$1,040,405$5,974,446
87$7,344,444$1,733,814$1,017,648$6,500,617
88$8,034,152$1,759,346$992,314$7,078,491
89$8,792,338$1,784,256$964,259$7,713,308
90$9,625,929$1,808,456$933,334$8,410,836
91$10,542,554$1,831,851$899,381$9,177,436
92$11,550,620$1,854,337$862,235$10,020,115
93$12,659,389$1,875,806$821,727$10,946,595
94$13,879,068$1,896,142$777,675$11,965,388
95$15,220,899$1,915,218$729,893$13,085,871
96$16,697,270$1,932,904$678,185$14,318,378
97$18,321,833$1,949,058$622,345$15,674,300
98$20,109,627$1,963,528$562,160$17,166,186
99$22,077,222$1,976,155$497,407$18,807,869
100$24,242,880$1,986,767$427,851$20,614,590