Can I retire at age 65 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$101,572$100,667$99,785$98,923$98,082$97,669
2 years$50,283$49,347$48,439$47,559$46,706$46,288
3 years$33,189$32,249$31,343$30,472$29,632$29,224
4 years$24,644$23,706$22,810$21,953$21,134$20,738
5 years$19,518$18,586$17,701$16,862$16,066$15,683
6 years$16,102$15,177$14,305$13,485$12,712$12,343
7 years$13,663$12,745$11,888$11,087$10,338$9,983
8 years$11,834$10,925$10,082$9,300$8,577$8,236
9 years$10,413$9,512$8,683$7,922$7,223$6,896
10 years$9,276$8,385$7,570$6,829$6,154$5,841
11 years$8,347$7,464$6,665$5,943$5,293$4,993
12 years$7,573$6,700$5,915$5,213$4,587$4,300
13 years$6,919$6,055$5,285$4,602$4,000$3,726
14 years$6,359$5,503$4,748$4,085$3,506$3,245
15 years$5,873$5,027$4,287$3,643$3,087$2,839
16 years$5,449$4,613$3,887$3,262$2,728$2,492
17 years$5,076$4,248$3,537$2,931$2,419$2,195
18 years$4,744$3,925$3,229$2,641$2,151$1,938
19 years$4,447$3,638$2,956$2,387$1,917$1,715
20 years$4,180$3,381$2,713$2,162$1,712$1,521
21 years$3,939$3,149$2,495$1,962$1,532$1,352
22 years$3,721$2,939$2,300$1,784$1,374$1,203
23 years$3,521$2,749$2,123$1,625$1,233$1,072
24 years$3,339$2,576$1,964$1,482$1,108$956
25 years$3,171$2,417$1,819$1,353$997$854
26 years$3,017$2,272$1,687$1,237$898$763
27 years$2,874$2,138$1,566$1,132$810$683
28 years$2,741$2,015$1,456$1,038$731$611
29 years$2,618$1,901$1,355$951$660$547
30 years$2,504$1,795$1,262$873$596$491
31 years$2,397$1,697$1,177$802$539$440
32 years$2,297$1,606$1,098$737$488$395
33 years$2,203$1,520$1,025$678$441$354
34 years$2,115$1,441$958$624$400$318
35 years$2,032$1,367$895$574$362$286
36 years$1,954$1,297$838$529$328$257
37 years$1,880$1,232$784$487$297$231
38 years$1,810$1,171$734$449$269$208
39 years$1,744$1,113$688$414$244$187
40 years$1,682$1,059$645$382$222$168
41 years$1,622$1,008$605$352$201$151
42 years$1,566$960$567$325$182$136
43 years$1,512$915$532$300$166$122
44 years$1,461$872$500$277$150$110
45 years$1,413$832$469$256$136$99
46 years$1,366$793$441$236$124$89
47 years$1,322$757$414$218$112$80
48 years$1,280$723$389$202$102$72
49 years$1,240$690$366$187$93$65
50 years$1,201$659$344$172$84$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,230,000, adding $6,007 every year, while hoping to spend $52,430 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: 78/16/6 Blend
64$1,230,000$1,230,000$1,230,000$1,230,000
65$1,361,656$1,296,466$1,277,401$1,466,682
66$1,444,760$1,304,208$1,264,409$1,544,150
67$1,534,583$1,310,572$1,249,224$1,621,642
68$1,631,756$1,315,435$1,231,718$1,705,060
69$1,736,970$1,318,667$1,211,756$1,794,970
70$1,850,988$1,320,128$1,189,197$1,891,994
71$1,974,646$1,319,672$1,163,893$1,996,818
72$2,108,866$1,317,141$1,135,689$2,110,198
73$2,254,659$1,312,370$1,104,423$2,232,965
74$2,413,140$1,305,182$1,069,927$2,366,039
75$2,585,533$1,295,389$1,032,023$2,510,429
76$2,773,188$1,282,794$990,526$2,667,250
77$2,977,588$1,267,185$945,243$2,837,730
78$3,200,364$1,248,340$895,971$3,023,222
79$3,443,315$1,226,021$842,499$3,225,219
80$3,708,416$1,199,980$784,606$3,445,364
81$3,997,845$1,169,949$722,061$3,685,469
82$4,313,998$1,135,649$654,623$3,947,533
83$4,659,512$1,096,782$582,039$4,233,757
84$5,037,291$1,053,034$504,046$4,546,568
85$5,450,533$1,004,070$420,370$4,888,641
86$5,902,757$949,540$330,723$5,262,927
87$6,397,841$889,070$234,805$5,672,677
88$6,940,054$822,267$132,303$6,121,474
89$7,534,095$748,714$22,891$6,613,269
90$8,185,142$667,971$0$7,152,418
91$8,898,898$579,572$0$7,749,731
92$9,681,640$483,026$0$8,406,446
93$10,540,287$377,814$0$9,126,953
94$11,482,456$263,387$0$9,917,709
95$12,516,539$139,165$0$10,785,831
96$13,651,778$4,536$0$11,739,159
97$14,898,356$0$0$12,786,339
98$16,267,490$0$0$13,961,747
99$17,771,534$0$0$15,253,898
100$19,424,100$0$0$16,673,691