Can I retire at age 65 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$91,663$90,846$90,050$89,272$88,513$87,047
2 years$45,378$44,532$43,713$42,919$42,149$40,676
3 years$29,951$29,102$28,285$27,499$26,741$25,307
4 years$22,240$21,393$20,585$19,811$19,072$17,688
5 years$17,614$16,773$15,974$15,217$14,498$13,169
6 years$14,531$13,696$12,910$12,169$11,472$10,198
7 years$12,330$11,502$10,728$10,005$9,330$8,112
8 years$10,680$9,859$9,098$8,393$7,740$6,578
9 years$9,397$8,584$7,836$7,149$6,518$5,412
10 years$8,371$7,567$6,832$6,162$5,554$4,501
11 years$7,533$6,736$6,015$5,363$4,776$3,777
12 years$6,834$6,046$5,338$4,704$4,139$3,192
13 years$6,244$5,464$4,769$4,153$3,609$2,713
14 years$5,738$4,966$4,285$3,687$3,164$2,316
15 years$5,300$4,537$3,869$3,288$2,786$1,985
16 years$4,918$4,163$3,508$2,944$2,462$1,707
17 years$4,580$3,834$3,192$2,645$2,183$1,472
18 years$4,281$3,542$2,914$2,384$1,941$1,273
19 years$4,013$3,283$2,667$2,154$1,730$1,102
20 years$3,773$3,051$2,448$1,951$1,545$956
21 years$3,555$2,842$2,252$1,770$1,383$831
22 years$3,358$2,653$2,075$1,610$1,240$723
23 years$3,178$2,481$1,916$1,466$1,113$629
24 years$3,013$2,324$1,772$1,337$1,000$549
25 years$2,862$2,181$1,641$1,221$900$479
26 years$2,722$2,050$1,522$1,117$811$418
27 years$2,593$1,929$1,414$1,022$731$365
28 years$2,474$1,818$1,314$936$660$319
29 years$2,363$1,715$1,223$859$596$279
30 years$2,259$1,620$1,139$788$538$244
31 years$2,163$1,531$1,062$724$486$213
32 years$2,073$1,449$991$665$440$187
33 years$1,988$1,372$925$612$398$164
34 years$1,908$1,300$864$563$361$143
35 years$1,833$1,233$808$518$327$126
36 years$1,763$1,171$756$477$296$110
37 years$1,696$1,112$708$440$268$96
38 years$1,633$1,057$663$405$243$84
39 years$1,574$1,005$621$374$220$74
40 years$1,518$956$582$345$200$65
41 years$1,464$910$546$318$181$57
42 years$1,413$867$512$293$165$50
43 years$1,365$826$480$271$149$44
44 years$1,319$787$451$250$136$38
45 years$1,275$751$423$231$123$34
46 years$1,233$716$398$213$112$29
47 years$1,193$683$373$197$102$26
48 years$1,155$652$351$182$92$23
49 years$1,119$623$330$168$84$20
50 years$1,084$595$310$156$76$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,110,000, adding $3,012 every year, while hoping to spend $50,861 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: 46/24/30 Blend
64$1,110,000$1,110,000$1,110,000$1,110,000
65$1,226,327$1,167,497$1,150,292$1,272,013
66$1,297,297$1,170,589$1,134,711$1,307,869
67$1,373,800$1,172,127$1,116,903$1,341,634
68$1,456,349$1,171,983$1,096,741$1,377,313
69$1,545,505$1,170,017$1,074,089$1,415,114
70$1,641,883$1,166,085$1,048,808$1,455,270
71$1,746,162$1,160,030$1,020,750$1,498,040
72$1,859,087$1,151,688$989,762$1,543,713
73$1,981,476$1,140,883$955,682$1,592,609
74$2,114,232$1,127,432$918,342$1,645,087
75$2,258,344$1,111,136$877,567$1,701,546
76$2,414,902$1,091,789$833,172$1,762,428
77$2,585,105$1,069,169$784,966$1,828,226
78$2,770,270$1,043,043$732,747$1,899,486
79$2,971,849$1,013,164$676,306$1,976,819
80$3,191,438$979,269$615,422$2,060,898
81$3,430,794$941,082$549,868$2,152,474
82$3,691,849$898,310$479,403$2,252,378
83$3,976,732$850,641$403,777$2,361,535
84$4,287,785$797,749$322,730$2,480,968
85$4,627,587$739,286$235,989$2,611,812
86$4,998,975$674,886$143,269$2,755,326
87$5,405,075$604,160$44,274$2,912,905
88$5,849,328$526,699$0$3,086,093
89$6,335,523$442,070$0$3,296,248
90$6,867,830$349,816$0$3,542,020
91$7,450,844$249,452$0$3,811,428
92$8,089,624$140,470$0$4,106,908
93$8,789,742$22,329$0$4,431,147
94$9,557,334$0$0$4,787,112
95$10,399,158$0$0$5,205,949
96$11,322,657$0$0$5,672,024
97$12,336,031$0$0$6,183,592
98$13,448,311$0$0$6,745,231
99$14,669,445$0$0$7,361,980
100$16,010,391$0$0$8,039,393