Can I retire at age 65 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$90,837$90,028$89,238$88,468$87,716$86,512
2 years$44,969$44,131$43,320$42,533$41,769$40,559
3 years$29,681$28,840$28,031$27,251$26,500$25,320
4 years$22,039$21,201$20,399$19,633$18,900$17,760
5 years$17,455$16,622$15,831$15,080$14,368$13,271
6 years$14,400$13,573$12,793$12,060$11,369$10,316
7 years$12,219$11,398$10,631$9,915$9,246$8,238
8 years$10,583$9,771$9,016$8,317$7,670$6,707
9 years$9,312$8,507$7,766$7,084$6,459$5,541
10 years$8,296$7,499$6,770$6,107$5,504$4,629
11 years$7,465$6,675$5,960$5,315$4,733$3,901
12 years$6,773$5,992$5,290$4,662$4,102$3,311
13 years$6,188$5,415$4,726$4,116$3,577$2,827
14 years$5,687$4,922$4,246$3,653$3,135$2,425
15 years$5,253$4,496$3,834$3,258$2,761$2,089
16 years$4,873$4,125$3,476$2,917$2,440$1,805
17 years$4,539$3,799$3,163$2,621$2,163$1,565
18 years$4,242$3,510$2,887$2,362$1,924$1,359
19 years$3,977$3,253$2,643$2,135$1,715$1,183
20 years$3,739$3,023$2,426$1,933$1,531$1,032
21 years$3,523$2,816$2,231$1,755$1,371$901
22 years$3,327$2,629$2,057$1,595$1,228$788
23 years$3,149$2,459$1,899$1,453$1,103$690
24 years$2,986$2,304$1,756$1,325$991$605
25 years$2,836$2,162$1,627$1,210$892$531
26 years$2,698$2,032$1,509$1,106$803$466
27 years$2,570$1,912$1,401$1,013$724$409
28 years$2,452$1,802$1,302$928$654$360
29 years$2,342$1,700$1,212$851$590$316
30 years$2,239$1,605$1,129$781$533$278
31 years$2,143$1,517$1,052$717$482$245
32 years$2,054$1,436$982$659$436$216
33 years$1,970$1,360$917$606$395$190
34 years$1,891$1,289$857$558$357$167
35 years$1,817$1,222$801$513$324$147
36 years$1,747$1,160$749$473$293$130
37 years$1,681$1,102$701$436$266$114
38 years$1,619$1,047$657$402$241$101
39 years$1,560$996$615$370$218$89
40 years$1,504$947$577$342$198$78
41 years$1,451$902$541$315$180$69
42 years$1,400$859$507$291$163$61
43 years$1,353$818$476$268$148$54
44 years$1,307$780$447$248$134$47
45 years$1,264$744$419$229$122$42
46 years$1,222$710$394$211$111$37
47 years$1,183$677$370$195$101$33
48 years$1,145$646$348$180$91$29
49 years$1,109$617$327$167$83$25
50 years$1,074$590$307$154$75$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,100,000, adding $6,531 every year, while hoping to spend $30,466 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: 39/36/25 Blend
64$1,100,000$1,100,000$1,100,000$1,100,000
65$1,218,937$1,160,637$1,143,587$1,257,208
66$1,310,853$1,185,092$1,149,481$1,310,047
67$1,411,123$1,209,725$1,154,552$1,363,820
68$1,520,568$1,234,512$1,158,740$1,421,369
69$1,640,089$1,259,426$1,161,981$1,483,055
70$1,770,681$1,284,441$1,164,211$1,549,277
71$1,913,438$1,309,526$1,165,359$1,620,477
72$2,069,563$1,334,647$1,165,353$1,697,140
73$2,240,383$1,359,770$1,164,117$1,779,804
74$2,427,358$1,384,855$1,161,571$1,869,061
75$2,632,096$1,409,860$1,157,631$1,965,564
76$2,856,368$1,434,741$1,152,209$2,070,035
77$3,102,122$1,459,448$1,145,213$2,183,270
78$3,371,508$1,483,930$1,136,547$2,306,148
79$3,666,889$1,508,130$1,126,109$2,439,636
80$3,990,871$1,531,988$1,113,793$2,584,805
81$4,346,323$1,555,438$1,099,488$2,742,835
82$4,736,405$1,578,412$1,083,078$2,915,027
83$5,164,598$1,600,834$1,064,441$3,102,818
84$5,634,737$1,622,625$1,043,449$3,307,794
85$6,151,046$1,643,699$1,019,970$3,531,703
86$6,718,177$1,663,965$993,864$3,776,473
87$7,341,258$1,683,325$964,985$4,044,235
88$8,025,933$1,701,676$933,180$4,337,336
89$8,778,426$1,718,906$898,289$4,658,367
90$9,605,589$1,734,896$860,145$5,010,186
91$10,514,974$1,749,520$818,574$5,395,944
92$11,514,898$1,762,643$773,393$5,819,120
93$12,614,528$1,774,123$724,412$6,283,549
94$13,823,961$1,783,806$671,431$6,793,462
95$15,154,323$1,791,530$614,242$7,353,526
96$16,617,871$1,797,123$552,627$7,968,887
97$18,228,113$1,800,401$486,358$8,645,223
98$19,999,928$1,801,169$415,199$9,388,794
99$21,949,714$1,799,219$338,902$10,206,504
100$24,095,537$1,794,333$257,207$11,105,970