Can I retire at age 65 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$100,746$99,849$98,974$98,119$97,285$93,572
2 years$49,874$48,946$48,045$47,173$46,326$42,630
3 years$32,919$31,987$31,089$30,224$29,391$25,827
4 years$24,443$23,513$22,625$21,775$20,962$17,557
5 years$19,359$18,435$17,558$16,725$15,935$12,699
6 years$15,971$15,053$14,189$13,375$12,609$9,543
7 years$13,552$12,642$11,791$10,996$10,254$7,358
8 years$11,738$10,836$10,000$9,225$8,507$5,777
9 years$10,328$9,435$8,613$7,857$7,164$4,597
10 years$9,201$8,317$7,509$6,773$6,104$3,695
11 years$8,279$7,404$6,611$5,895$5,250$2,993
12 years$7,512$6,645$5,867$5,170$4,549$2,439
13 years$6,863$6,005$5,242$4,565$3,967$1,998
14 years$6,307$5,459$4,710$4,052$3,478$1,642
15 years$5,826$4,987$4,252$3,614$3,062$1,354
16 years$5,405$4,575$3,855$3,236$2,706$1,120
17 years$5,034$4,213$3,508$2,907$2,399$928
18 years$4,705$3,893$3,202$2,620$2,133$770
19 years$4,411$3,608$2,932$2,367$1,902$640
20 years$4,146$3,353$2,691$2,144$1,699$532
21 years$3,907$3,123$2,475$1,946$1,520$443
22 years$3,690$2,915$2,281$1,769$1,362$370
23 years$3,493$2,727$2,106$1,611$1,223$308
24 years$3,312$2,555$1,948$1,470$1,099$257
25 years$3,145$2,398$1,804$1,342$989$215
26 years$2,992$2,253$1,673$1,227$891$179
27 years$2,850$2,121$1,554$1,123$803$150
28 years$2,719$1,998$1,444$1,029$725$125
29 years$2,597$1,885$1,344$944$655$105
30 years$2,483$1,780$1,252$866$591$88
31 years$2,377$1,683$1,167$795$535$73
32 years$2,278$1,592$1,089$731$484$61
33 years$2,185$1,508$1,017$672$438$51
34 years$2,097$1,429$950$619$396$43
35 years$2,015$1,356$888$569$359$36
36 years$1,938$1,287$831$524$325$30
37 years$1,864$1,222$778$483$295$25
38 years$1,795$1,161$728$445$267$21
39 years$1,730$1,104$682$411$242$18
40 years$1,668$1,051$640$379$220$15
41 years$1,609$1,000$600$349$199$12
42 years$1,553$953$563$323$181$10
43 years$1,500$908$528$298$164$9
44 years$1,450$865$495$275$149$7
45 years$1,401$825$465$254$135$6
46 years$1,355$787$437$234$123$5
47 years$1,312$751$411$217$112$4
48 years$1,270$717$386$200$101$4
49 years$1,230$685$363$185$92$3
50 years$1,191$654$341$171$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,220,000, adding $3,006 every year, while hoping to spend $27,846 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: 62/20/18 Blend
64$1,220,000$1,220,000$1,220,000$1,220,000
65$1,347,541$1,282,881$1,263,971$1,424,733
66$1,455,362$1,316,114$1,276,686$1,510,327
67$1,573,248$1,350,042$1,288,894$1,600,334
68$1,702,195$1,384,670$1,300,548$1,697,945
69$1,843,302$1,420,002$1,311,599$1,803,902
70$1,997,778$1,456,041$1,321,996$1,919,022
71$2,166,953$1,492,790$1,331,686$2,044,206
72$2,352,295$1,530,249$1,340,610$2,180,444
73$2,555,417$1,568,419$1,348,708$2,328,829
74$2,778,099$1,607,301$1,355,919$2,490,564
75$3,022,297$1,646,891$1,362,175$2,666,974
76$3,290,170$1,687,187$1,367,406$2,859,521
77$3,584,094$1,728,186$1,371,541$3,069,813
78$3,906,685$1,769,881$1,374,501$3,299,622
79$4,260,826$1,812,264$1,376,206$3,550,902
80$4,649,693$1,855,328$1,376,572$3,825,804
81$5,076,784$1,899,061$1,375,509$4,126,701
82$5,545,952$1,943,451$1,372,924$4,456,205
83$6,061,442$1,988,483$1,368,720$4,817,195
84$6,627,931$2,034,140$1,362,794$5,212,845
85$7,250,571$2,080,404$1,355,038$5,646,649
86$7,935,037$2,127,252$1,345,340$6,122,462
87$8,687,584$2,174,660$1,333,582$6,644,528
88$9,515,100$2,222,601$1,319,640$7,217,526
89$10,425,177$2,271,045$1,303,384$7,846,613
90$11,426,177$2,319,958$1,284,680$8,537,469
91$12,527,314$2,369,303$1,263,384$9,296,356
92$13,738,741$2,419,040$1,239,348$10,130,175
93$15,071,643$2,469,123$1,212,416$11,046,530
94$16,538,345$2,519,505$1,182,427$12,053,800
95$18,152,426$2,570,131$1,149,208$13,161,223
96$19,928,850$2,620,943$1,112,583$14,378,975
97$21,884,102$2,671,879$1,072,364$15,718,273
98$24,036,349$2,722,870$1,028,357$17,191,479
99$26,405,608$2,773,841$980,358$18,812,215
100$29,013,934$2,824,713$928,153$20,595,494