Can I retire at age 65 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$94,140$93,302$92,483$91,685$90,905$87,333
2 years$46,604$45,736$44,895$44,079$43,288$39,733
3 years$30,761$29,889$29,050$28,242$27,464$24,037
4 years$22,841$21,972$21,141$20,347$19,587$16,316
5 years$18,090$17,226$16,406$15,628$14,890$11,782
6 years$14,924$14,066$13,259$12,498$11,782$8,839
7 years$12,663$11,813$11,018$10,275$9,582$6,804
8 years$10,968$10,126$9,344$8,620$7,949$5,332
9 years$9,651$8,816$8,048$7,342$6,694$4,235
10 years$8,597$7,771$7,017$6,329$5,704$3,398
11 years$7,736$6,918$6,177$5,508$4,906$2,747
12 years$7,019$6,209$5,482$4,831$4,251$2,234
13 years$6,413$5,612$4,898$4,265$3,707$1,826
14 years$5,893$5,101$4,401$3,786$3,250$1,498
15 years$5,444$4,660$3,973$3,377$2,861$1,233
16 years$5,051$4,275$3,602$3,023$2,529$1,017
17 years$4,704$3,937$3,278$2,717$2,242$841
18 years$4,397$3,638$2,992$2,448$1,994$696
19 years$4,122$3,372$2,739$2,212$1,777$577
20 years$3,874$3,133$2,514$2,004$1,587$479
21 years$3,651$2,918$2,313$1,818$1,420$398
22 years$3,448$2,724$2,131$1,653$1,273$331
23 years$3,264$2,548$1,968$1,506$1,143$276
24 years$3,094$2,387$1,820$1,373$1,027$229
25 years$2,939$2,240$1,686$1,254$924$191
26 years$2,796$2,106$1,563$1,147$833$159
27 years$2,664$1,982$1,452$1,050$751$133
28 years$2,541$1,867$1,350$962$677$111
29 years$2,427$1,762$1,256$882$612$92
30 years$2,321$1,664$1,170$809$553$77
31 years$2,221$1,573$1,091$743$500$64
32 years$2,129$1,488$1,018$683$452$54
33 years$2,042$1,409$950$628$409$45
34 years$1,960$1,336$888$578$370$37
35 years$1,883$1,267$830$532$335$31
36 years$1,811$1,202$776$490$304$26
37 years$1,742$1,142$727$451$275$22
38 years$1,678$1,085$681$416$250$18
39 years$1,616$1,032$638$384$226$15
40 years$1,559$982$598$354$205$13
41 years$1,504$935$560$327$186$11
42 years$1,451$890$526$301$169$9
43 years$1,402$848$493$278$153$7
44 years$1,354$808$463$257$139$6
45 years$1,309$771$435$237$126$5
46 years$1,267$735$408$219$115$4
47 years$1,226$702$384$202$104$4
48 years$1,186$670$360$187$95$3
49 years$1,149$640$339$173$86$2
50 years$1,113$611$319$160$78$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,140,000, adding $4,593 every year, while hoping to spend $55,067 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: 66/27/7 Blend
64$1,140,000$1,140,000$1,140,000$1,140,000
65$1,261,018$1,200,598$1,182,928$1,342,395
66$1,331,051$1,200,836$1,163,965$1,397,276
67$1,406,381$1,199,241$1,142,521$1,450,216
68$1,487,492$1,195,663$1,118,455$1,506,613
69$1,574,912$1,189,947$1,091,620$1,566,797
70$1,669,224$1,181,925$1,061,860$1,631,135
71$1,771,066$1,171,420$1,029,013$1,700,028
72$1,881,140$1,158,246$992,911$1,773,923
73$2,000,219$1,142,202$953,376$1,853,312
74$2,129,152$1,123,080$910,224$1,938,739
75$2,268,869$1,100,655$863,261$2,030,806
76$2,420,399$1,074,692$812,285$2,130,177
77$2,584,867$1,044,940$757,084$2,237,587
78$2,763,515$1,011,134$697,438$2,353,846
79$2,957,708$972,993$633,116$2,479,853
80$3,168,946$930,222$563,878$2,616,596
81$3,398,881$882,505$489,470$2,765,171
82$3,649,331$829,512$409,632$2,926,787
83$3,922,296$770,891$324,087$3,102,778
84$4,219,976$706,270$232,549$3,294,621
85$4,544,793$635,258$134,720$3,503,945
86$4,899,415$557,438$30,286$3,732,548
87$5,286,777$472,374$0$3,982,419
88$5,710,110$379,602$0$4,261,815
89$6,172,971$278,633$0$4,569,904
90$6,679,278$168,949$0$4,907,125
91$7,233,342$50,006$0$5,276,460
92$7,839,914$0$0$5,681,200
93$8,504,223$0$0$6,148,381
94$9,232,027$0$0$6,676,564
95$10,029,669$0$0$7,255,506
96$10,904,133$0$0$7,890,284
97$11,863,113$0$0$8,586,494
98$12,915,082$0$0$9,350,296
99$14,069,373$0$0$10,188,477
100$15,336,265$0$0$11,108,512