Can I retire at age 65 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$95,792$94,938$94,106$93,293$92,500$91,155
2 years$47,422$46,538$45,683$44,853$44,048$42,696
3 years$31,300$30,413$29,560$28,738$27,946$26,629
4 years$23,241$22,357$21,512$20,704$19,931$18,659
5 years$18,407$17,528$16,694$15,902$15,151$13,928
6 years$15,185$14,313$13,491$12,717$11,989$10,815
7 years$12,885$12,020$11,211$10,456$9,750$8,627
8 years$11,161$10,303$9,508$8,771$8,089$7,016
9 years$9,820$8,971$8,189$7,471$6,812$5,789
10 years$8,748$7,908$7,140$6,440$5,804$4,830
11 years$7,872$7,040$6,286$5,605$4,992$4,066
12 years$7,142$6,318$5,578$4,916$4,326$3,447
13 years$6,525$5,710$4,984$4,340$3,772$2,939
14 years$5,997$5,190$4,478$3,853$3,307$2,518
15 years$5,539$4,741$4,043$3,436$2,911$2,166
16 years$5,139$4,350$3,666$3,077$2,573$1,869
17 years$4,787$4,006$3,336$2,764$2,281$1,617
18 years$4,474$3,702$3,045$2,491$2,029$1,403
19 years$4,194$3,431$2,788$2,251$1,808$1,220
20 years$3,942$3,188$2,558$2,039$1,615$1,062
21 years$3,715$2,970$2,353$1,850$1,445$926
22 years$3,509$2,772$2,169$1,682$1,295$809
23 years$3,321$2,593$2,002$1,532$1,163$707
24 years$3,149$2,429$1,852$1,397$1,045$619
25 years$2,991$2,280$1,715$1,276$941$542
26 years$2,845$2,143$1,591$1,167$847$475
27 years$2,710$2,016$1,477$1,068$764$417
28 years$2,585$1,900$1,373$979$689$366
29 years$2,469$1,792$1,278$897$622$321
30 years$2,361$1,693$1,190$824$562$282
31 years$2,260$1,600$1,110$756$508$248
32 years$2,166$1,514$1,035$695$460$218
33 years$2,077$1,434$967$639$416$191
34 years$1,994$1,359$903$588$377$168
35 years$1,916$1,289$844$541$341$148
36 years$1,842$1,223$790$499$309$130
37 years$1,773$1,162$739$459$280$115
38 years$1,707$1,104$692$423$254$101
39 years$1,645$1,050$649$390$230$89
40 years$1,586$999$608$360$209$78
41 years$1,530$951$570$332$190$69
42 years$1,477$906$535$307$172$61
43 years$1,426$863$502$283$156$53
44 years$1,378$823$471$261$142$47
45 years$1,332$784$442$241$129$41
46 years$1,289$748$415$223$117$36
47 years$1,247$714$390$206$106$32
48 years$1,207$682$367$190$96$28
49 years$1,169$651$345$176$87$25
50 years$1,133$622$324$163$79$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,160,000, adding $2,875 every year, while hoping to spend $31,612 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: 46/42/12 Blend
64$1,160,000$1,160,000$1,160,000$1,160,000
65$1,281,286$1,219,806$1,201,826$1,335,770
66$1,378,342$1,245,941$1,208,452$1,399,924
67$1,484,238$1,272,298$1,214,241$1,466,010
68$1,599,843$1,298,853$1,219,130$1,536,997
69$1,726,113$1,325,582$1,223,057$1,613,350
70$1,864,099$1,352,458$1,225,952$1,695,581
71$2,014,960$1,379,452$1,227,744$1,784,256
72$2,179,972$1,406,531$1,228,359$1,879,999
73$2,360,539$1,433,661$1,227,719$1,983,497
74$2,558,207$1,460,804$1,225,741$2,095,507
75$2,774,679$1,487,918$1,222,339$2,216,862
76$3,011,832$1,514,961$1,217,422$2,348,484
77$3,271,729$1,541,885$1,210,896$2,491,387
78$3,556,645$1,568,637$1,202,661$2,646,689
79$3,869,085$1,595,163$1,192,613$2,815,621
80$4,211,809$1,621,403$1,180,642$2,999,544
81$4,587,855$1,647,293$1,166,635$3,199,956
82$5,000,570$1,672,764$1,150,472$3,418,508
83$5,453,643$1,697,744$1,132,027$3,657,022
84$5,951,133$1,722,152$1,111,168$3,917,506
85$6,497,516$1,745,905$1,087,760$4,202,172
86$7,097,720$1,768,912$1,061,658$4,513,464
87$7,757,175$1,791,076$1,032,710$4,854,070
88$8,481,862$1,812,294$1,000,762$5,226,960
89$9,278,372$1,832,456$965,646$5,635,404
90$10,153,962$1,851,443$927,192$6,083,010
91$11,116,633$1,869,131$885,220$6,573,754
92$12,175,196$1,885,384$839,541$7,112,021
93$13,339,359$1,900,061$789,959$7,702,645
94$14,619,819$1,913,009$736,267$8,350,957
95$16,028,361$1,924,067$678,253$9,062,832
96$17,577,970$1,933,063$615,690$9,844,751
97$19,282,952$1,939,812$548,346$10,703,854
98$21,159,072$1,944,122$475,974$11,648,018
99$23,223,697$1,945,784$398,319$12,685,924
100$25,495,966$1,944,579$315,114$13,827,143