Can I retire at age 65 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$99,095$98,212$97,351$96,510$95,690$94,888
2 years$49,057$48,143$47,258$46,399$45,567$44,758
3 years$32,380$31,462$30,579$29,728$28,909$28,120
4 years$24,043$23,128$22,254$21,418$20,618$19,854
5 years$19,042$18,133$17,270$16,451$15,674$14,936
6 years$15,709$14,807$13,956$13,156$12,402$11,693
7 years$13,329$12,435$11,598$10,816$10,086$9,405
8 years$11,546$10,659$9,836$9,073$8,367$7,715
9 years$10,159$9,280$8,472$7,729$7,047$6,422
10 years$9,050$8,180$7,386$6,662$6,004$5,407
11 years$8,143$7,282$6,502$5,798$5,164$4,594
12 years$7,388$6,536$5,771$5,086$4,475$3,932
13 years$6,750$5,907$5,156$4,490$3,902$3,385
14 years$6,204$5,369$4,632$3,986$3,421$2,929
15 years$5,730$4,905$4,182$3,554$3,012$2,545
16 years$5,316$4,500$3,792$3,183$2,662$2,219
17 years$4,952$4,144$3,451$2,860$2,360$1,941
18 years$4,628$3,830$3,150$2,577$2,098$1,702
19 years$4,339$3,549$2,884$2,329$1,870$1,496
20 years$4,078$3,298$2,646$2,109$1,671$1,317
21 years$3,843$3,072$2,434$1,914$1,495$1,161
22 years$3,630$2,868$2,244$1,740$1,340$1,026
23 years$3,435$2,682$2,071$1,585$1,203$907
24 years$3,257$2,513$1,916$1,446$1,081$803
25 years$3,094$2,358$1,774$1,320$973$712
26 years$2,943$2,216$1,646$1,207$876$631
27 years$2,804$2,086$1,528$1,105$790$560
28 years$2,675$1,966$1,421$1,012$713$498
29 years$2,555$1,854$1,322$928$644$442
30 years$2,443$1,751$1,231$852$582$393
31 years$2,338$1,655$1,148$782$526$350
32 years$2,241$1,566$1,071$719$476$311
33 years$2,149$1,483$1,000$661$431$277
34 years$2,063$1,406$934$608$390$247
35 years$1,982$1,333$874$560$353$220
36 years$1,906$1,266$817$516$320$196
37 years$1,834$1,202$765$475$290$175
38 years$1,766$1,142$716$438$263$156
39 years$1,702$1,086$671$404$238$139
40 years$1,641$1,034$629$373$216$124
41 years$1,583$984$590$344$196$110
42 years$1,528$937$553$317$178$98
43 years$1,476$893$519$293$162$88
44 years$1,426$851$487$270$147$78
45 years$1,378$811$458$250$133$70
46 years$1,333$774$430$231$121$62
47 years$1,290$739$404$213$110$56
48 years$1,249$705$379$197$100$50
49 years$1,209$673$357$182$91$44
50 years$1,172$643$335$168$82$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,200,000, adding $2,753 every year, while hoping to spend $45,598 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: 80/12/8 Blend
64$1,200,000$1,200,000$1,200,000$1,200,000
65$1,325,240$1,261,640$1,243,040$1,429,665
66$1,411,898$1,274,944$1,236,166$1,511,800
67$1,505,868$1,287,372$1,227,533$1,595,632
68$1,607,846$1,298,833$1,217,035$1,686,252
69$1,718,599$1,309,229$1,204,559$1,784,317
70$1,838,973$1,318,457$1,189,988$1,890,546
71$1,969,894$1,326,408$1,173,198$2,005,735
72$2,112,384$1,332,963$1,154,062$2,130,758
73$2,267,568$1,337,999$1,132,444$2,266,581
74$2,436,682$1,341,383$1,108,202$2,414,264
75$2,621,087$1,342,974$1,081,190$2,574,979
76$2,822,280$1,342,622$1,051,253$2,750,014
77$3,041,912$1,340,170$1,018,229$2,940,790
78$3,281,796$1,335,448$981,949$3,148,872
79$3,543,932$1,328,276$942,236$3,375,984
80$3,830,517$1,318,467$898,906$3,624,027
81$4,143,976$1,305,817$851,765$3,895,095
82$4,486,974$1,290,115$800,611$4,191,495
83$4,862,447$1,271,132$745,234$4,515,770
84$5,273,629$1,248,631$685,412$4,870,723
85$5,724,081$1,222,355$620,915$5,259,443
86$6,217,725$1,192,038$551,503$5,685,332
87$6,758,878$1,157,393$476,924$6,152,141
88$7,352,298$1,118,120$396,915$6,664,006
89$8,003,223$1,073,898$311,202$7,225,480
90$8,717,423$1,024,391$219,499$7,841,587
91$9,501,255$969,241$121,507$8,517,859
92$10,361,719$908,070$16,914$9,260,395
93$11,306,528$840,479$0$10,075,918
94$12,344,177$766,045$0$10,979,921
95$13,484,024$684,322$0$11,974,550
96$14,736,378$594,838$0$13,067,389
97$16,112,598$497,094$0$14,268,389
98$17,625,195$390,563$0$15,588,515
99$19,287,954$274,690$0$17,039,848
100$21,116,061$148,886$0$18,635,703