Can I retire at age 65 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$99,921$99,031$98,162$97,315$96,487$93,548
2 years$49,466$48,544$47,652$46,786$45,946$43,011
3 years$32,650$31,724$30,834$29,976$29,150$26,310
4 years$24,243$23,321$22,439$21,596$20,790$18,067
5 years$19,201$18,284$17,414$16,588$15,804$13,206
6 years$15,840$14,930$14,073$13,265$12,505$10,033
7 years$13,441$12,538$11,695$10,906$10,170$7,825
8 years$11,642$10,748$9,918$9,149$8,437$6,217
9 years$10,243$9,358$8,542$7,793$7,105$5,008
10 years$9,125$8,248$7,447$6,718$6,054$4,076
11 years$8,211$7,343$6,557$5,846$5,207$3,345
12 years$7,450$6,591$5,819$5,128$4,512$2,763
13 years$6,806$5,956$5,199$4,527$3,935$2,294
14 years$6,255$5,414$4,671$4,019$3,449$1,912
15 years$5,778$4,946$4,217$3,584$3,037$1,600
16 years$5,361$4,538$3,824$3,209$2,684$1,342
17 years$4,993$4,179$3,479$2,883$2,380$1,128
18 years$4,667$3,862$3,176$2,599$2,116$950
19 years$4,375$3,579$2,908$2,348$1,886$802
20 years$4,112$3,326$2,668$2,127$1,685$678
21 years$3,875$3,098$2,455$1,930$1,508$573
22 years$3,660$2,892$2,262$1,755$1,351$485
23 years$3,464$2,704$2,089$1,598$1,213$411
24 years$3,285$2,534$1,932$1,458$1,090$349
25 years$3,120$2,378$1,789$1,331$981$296
26 years$2,968$2,235$1,659$1,217$884$251
27 years$2,827$2,103$1,541$1,114$797$213
28 years$2,697$1,982$1,432$1,021$719$181
29 years$2,576$1,870$1,333$936$649$154
30 years$2,463$1,766$1,242$859$587$131
31 years$2,358$1,669$1,158$789$530$111
32 years$2,259$1,579$1,080$725$480$94
33 years$2,167$1,496$1,008$667$434$80
34 years$2,080$1,418$942$613$393$68
35 years$1,999$1,345$881$565$356$58
36 years$1,922$1,276$824$520$323$49
37 years$1,849$1,212$771$479$292$42
38 years$1,781$1,152$722$442$265$36
39 years$1,716$1,095$677$407$240$30
40 years$1,654$1,042$634$376$218$26
41 years$1,596$992$595$347$198$22
42 years$1,541$945$558$320$179$19
43 years$1,488$900$524$295$163$16
44 years$1,438$858$491$273$148$14
45 years$1,390$818$461$252$134$12
46 years$1,344$781$433$233$122$10
47 years$1,301$745$407$215$111$8
48 years$1,259$711$383$199$100$7
49 years$1,219$679$360$183$91$6
50 years$1,181$649$338$170$83$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,210,000, adding $5,568 every year, while hoping to spend $24,766 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: 53/19/28 Blend
64$1,210,000$1,210,000$1,210,000$1,210,000
65$1,339,163$1,275,033$1,256,278$1,399,403
66$1,449,407$1,311,159$1,272,013$1,477,880
67$1,570,066$1,348,225$1,287,444$1,560,266
68$1,702,176$1,386,251$1,302,537$1,649,434
69$1,846,877$1,425,257$1,317,251$1,746,045
70$2,005,427$1,465,263$1,331,548$1,850,825
71$2,179,210$1,506,290$1,345,384$1,964,574
72$2,369,749$1,548,358$1,358,714$2,088,173
73$2,578,724$1,591,488$1,371,491$2,222,593
74$2,807,982$1,635,700$1,383,665$2,368,903
75$3,059,561$1,681,014$1,395,182$2,528,282
76$3,335,704$1,727,451$1,405,989$2,702,029
77$3,638,882$1,775,032$1,416,025$2,891,572
78$3,971,816$1,823,777$1,425,230$3,098,490
79$4,337,505$1,873,705$1,433,539$3,324,518
80$4,739,252$1,924,839$1,440,884$3,571,569
81$5,180,696$1,977,196$1,447,194$3,841,754
82$5,665,845$2,030,797$1,452,394$4,137,394
83$6,199,117$2,085,661$1,456,404$4,461,051
84$6,785,375$2,141,808$1,459,142$4,815,547
85$7,429,982$2,199,254$1,460,522$5,203,990
86$8,138,842$2,258,020$1,460,451$5,629,808
87$8,918,462$2,318,121$1,458,835$6,096,776
88$9,776,012$2,379,576$1,455,572$6,609,057
89$10,719,389$2,442,399$1,450,558$7,171,236
90$11,757,297$2,506,607$1,443,682$7,788,367
91$12,899,325$2,572,214$1,434,828$8,466,021
92$14,156,037$2,639,233$1,423,876$9,210,335
93$15,539,074$2,707,677$1,410,697$10,028,075
94$17,061,263$2,777,557$1,395,159$10,926,696
95$18,736,738$2,848,883$1,377,123$11,914,414
96$20,581,071$2,921,663$1,356,442$13,000,285
97$22,611,420$2,995,906$1,332,964$14,194,287
98$24,846,695$3,071,615$1,306,528$15,507,419
99$27,307,729$3,148,795$1,276,967$16,951,802
100$30,017,477$3,227,446$1,244,106$18,540,792