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%15.9%
1 years$95,792$94,938$94,106$93,293$92,500$90,264
2 years$47,422$46,538$45,683$44,853$44,048$41,808
3 years$31,300$30,413$29,560$28,738$27,946$25,773
4 years$23,241$22,357$21,512$20,704$19,931$17,842
5 years$18,407$17,528$16,694$15,902$15,151$13,151
6 years$15,185$14,313$13,491$12,717$11,989$10,080
7 years$12,885$12,020$11,211$10,456$9,750$7,933
8 years$11,161$10,303$9,508$8,771$8,089$6,362
9 years$9,820$8,971$8,189$7,471$6,812$5,175
10 years$8,748$7,908$7,140$6,440$5,804$4,254
11 years$7,872$7,040$6,286$5,605$4,992$3,527
12 years$7,142$6,318$5,578$4,916$4,326$2,944
13 years$6,525$5,710$4,984$4,340$3,772$2,471
14 years$5,997$5,190$4,478$3,853$3,307$2,083
15 years$5,539$4,741$4,043$3,436$2,911$1,762
16 years$5,139$4,350$3,666$3,077$2,573$1,495
17 years$4,787$4,006$3,336$2,764$2,281$1,272
18 years$4,474$3,702$3,045$2,491$2,029$1,084
19 years$4,194$3,431$2,788$2,251$1,808$926
20 years$3,942$3,188$2,558$2,039$1,615$792
21 years$3,715$2,970$2,353$1,850$1,445$678
22 years$3,509$2,772$2,169$1,682$1,295$581
23 years$3,321$2,593$2,002$1,532$1,163$499
24 years$3,149$2,429$1,852$1,397$1,045$428
25 years$2,991$2,280$1,715$1,276$941$368
26 years$2,845$2,143$1,591$1,167$847$316
27 years$2,710$2,016$1,477$1,068$764$272
28 years$2,585$1,900$1,373$979$689$234
29 years$2,469$1,792$1,278$897$622$202
30 years$2,361$1,693$1,190$824$562$174
31 years$2,260$1,600$1,110$756$508$150
32 years$2,166$1,514$1,035$695$460$129
33 years$2,077$1,434$967$639$416$111
34 years$1,994$1,359$903$588$377$96
35 years$1,916$1,289$844$541$341$83
36 years$1,842$1,223$790$499$309$71
37 years$1,773$1,162$739$459$280$61
38 years$1,707$1,104$692$423$254$53
39 years$1,645$1,050$649$390$230$46
40 years$1,586$999$608$360$209$39
41 years$1,530$951$570$332$190$34
42 years$1,477$906$535$307$172$29
43 years$1,426$863$502$283$156$25
44 years$1,378$823$471$261$142$22
45 years$1,332$784$442$241$129$19
46 years$1,289$748$415$223$117$16
47 years$1,247$714$390$206$106$14
48 years$1,207$682$367$190$96$12
49 years$1,169$651$345$176$87$10
50 years$1,133$622$324$163$79$9

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 $6,804 every year, while hoping to spend $46,395 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: 25/46/29 Blend
64$1,160,000$1,160,000$1,160,000$1,160,000
65$1,285,338$1,223,858$1,205,878$1,305,686
66$1,367,079$1,234,463$1,196,911$1,333,892
67$1,455,602$1,244,033$1,186,089$1,359,744
68$1,551,551$1,252,468$1,173,300$1,386,507
69$1,655,632$1,259,662$1,158,428$1,414,291
70$1,768,622$1,265,501$1,141,352$1,443,218
71$1,891,377$1,269,867$1,121,943$1,473,428
72$2,024,838$1,272,630$1,100,068$1,505,079
73$2,170,038$1,273,656$1,075,587$1,538,347
74$2,328,117$1,272,800$1,048,354$1,573,435
75$2,500,327$1,269,909$1,018,216$1,610,566
76$2,688,047$1,264,822$985,013$1,649,995
77$2,892,794$1,257,364$948,577$1,692,006
78$3,116,238$1,247,354$908,734$1,736,919
79$3,360,217$1,234,597$865,299$1,785,092
80$3,626,755$1,218,888$818,083$1,836,926
81$3,918,080$1,200,009$766,884$1,892,870
82$4,236,643$1,177,729$711,494$1,953,424
83$4,585,146$1,151,803$651,694$2,019,151
84$4,966,562$1,121,972$587,256$2,090,676
85$5,384,164$1,087,962$517,943$2,168,697
86$5,841,559$1,049,482$443,504$2,253,993
87$6,342,717$1,006,226$363,680$2,347,431
88$6,892,011$957,867$278,200$2,449,979
89$7,494,256$904,063$186,780$2,562,713
90$8,154,756$844,448$89,124$2,686,829
91$8,879,355$778,640$0$2,823,659
92$9,674,486$706,230$0$2,979,353
93$10,547,238$626,790$0$3,180,621
94$11,505,418$539,864$0$3,401,785
95$12,557,627$444,974$0$3,644,984
96$13,713,339$341,611$0$3,912,581
97$14,982,991$229,242$0$4,207,193
98$16,378,080$107,299$0$4,531,714
99$17,911,274$0$0$4,889,344
100$19,596,526$0$0$5,296,183