Can I retire at age 65 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$104,050$103,123$102,219$101,336$100,474$98,567
2 years$51,510$50,550$49,621$48,719$47,845$45,930
3 years$33,999$33,035$32,108$31,215$30,355$28,493
4 years$25,245$24,284$23,366$22,489$21,649$19,855
5 years$19,994$19,039$18,133$17,273$16,457$14,735
6 years$16,495$15,547$14,654$13,814$13,022$11,374
7 years$13,996$13,056$12,178$11,357$10,591$9,017
8 years$12,123$11,192$10,328$9,527$8,786$7,287
9 years$10,667$9,744$8,895$8,115$7,399$5,973
10 years$9,502$8,589$7,755$6,995$6,304$4,950
11 years$8,551$7,646$6,827$6,088$5,422$4,138
12 years$7,758$6,863$6,059$5,340$4,699$3,483
13 years$7,088$6,202$5,414$4,714$4,097$2,949
14 years$6,514$5,638$4,864$4,185$3,592$2,508
15 years$6,017$5,150$4,392$3,732$3,162$2,141
16 years$5,582$4,725$3,982$3,342$2,795$1,833
17 years$5,199$4,352$3,623$3,003$2,478$1,574
18 years$4,859$4,021$3,307$2,706$2,203$1,355
19 years$4,555$3,727$3,028$2,445$1,964$1,168
20 years$4,282$3,463$2,779$2,214$1,754$1,009
21 years$4,036$3,226$2,556$2,010$1,570$873
22 years$3,811$3,011$2,356$1,827$1,407$756
23 years$3,607$2,816$2,175$1,664$1,263$655
24 years$3,420$2,639$2,012$1,518$1,135$568
25 years$3,248$2,476$1,863$1,386$1,022$493
26 years$3,090$2,327$1,728$1,267$920$429
27 years$2,944$2,190$1,605$1,160$830$373
28 years$2,808$2,064$1,492$1,063$749$324
29 years$2,682$1,947$1,388$975$676$282
30 years$2,565$1,839$1,293$895$611$245
31 years$2,455$1,738$1,205$822$552$214
32 years$2,353$1,645$1,125$755$500$186
33 years$2,256$1,558$1,050$694$452$162
34 years$2,166$1,476$981$639$409$141
35 years$2,081$1,400$917$588$371$123
36 years$2,001$1,329$858$542$336$107
37 years$1,926$1,262$803$499$304$94
38 years$1,854$1,200$752$460$276$82
39 years$1,787$1,141$705$424$250$71
40 years$1,723$1,085$660$391$227$62
41 years$1,662$1,033$619$361$206$54
42 years$1,604$984$581$333$187$47
43 years$1,549$937$545$307$170$41
44 years$1,497$894$512$284$154$36
45 years$1,447$852$480$262$140$31
46 years$1,400$813$451$242$127$27
47 years$1,355$776$424$224$115$24
48 years$1,311$740$398$207$105$21
49 years$1,270$707$374$191$95$18
50 years$1,230$675$352$177$86$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,260,000, adding $4,276 every year, while hoping to spend $32,533 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: 66/29/5 Blend
64$1,260,000$1,260,000$1,260,000$1,260,000
65$1,392,931$1,326,151$1,306,621$1,483,687
66$1,500,395$1,356,517$1,315,778$1,574,806
67$1,617,730$1,387,281$1,324,151$1,670,028
68$1,745,908$1,418,428$1,331,680$1,773,213
69$1,886,001$1,449,941$1,338,301$1,885,130
70$2,039,186$1,481,801$1,343,948$2,006,629
71$2,206,762$1,513,989$1,348,549$2,138,642
72$2,390,157$1,546,480$1,352,031$2,282,199
73$2,590,946$1,579,249$1,354,316$2,438,433
74$2,810,859$1,612,270$1,355,323$2,608,590
75$3,051,807$1,645,511$1,354,966$2,794,047
76$3,315,890$1,678,940$1,353,156$2,996,315
77$3,605,423$1,712,520$1,349,799$3,217,064
78$3,922,954$1,746,211$1,344,795$3,458,129
79$4,271,291$1,779,972$1,338,042$3,721,534
80$4,653,527$1,813,754$1,329,430$4,009,510
81$5,073,068$1,847,509$1,318,847$4,324,512
82$5,533,666$1,881,182$1,306,174$4,669,247
83$6,039,453$1,914,714$1,291,284$5,046,697
84$6,594,984$1,948,041$1,274,049$5,460,147
85$7,205,273$1,981,096$1,254,330$5,913,218
86$7,875,847$2,013,806$1,231,986$6,409,899
87$8,612,791$2,046,090$1,206,865$6,954,585
88$9,422,812$2,077,865$1,178,812$7,552,120
89$10,313,298$2,109,040$1,147,661$8,207,842
90$11,292,389$2,139,517$1,113,242$8,927,632
91$12,369,052$2,169,192$1,075,374$9,717,972
92$13,553,166$2,197,953$1,033,871$10,586,004
93$14,855,618$2,225,682$988,535$11,539,599
94$16,288,401$2,252,251$939,160$12,587,432
95$17,864,730$2,277,523$885,534$13,739,060
96$19,599,163$2,301,353$827,431$15,005,018
97$21,507,745$2,323,585$764,616$16,396,915
98$23,608,150$2,344,056$696,846$17,927,544
99$25,919,854$2,362,588$623,863$19,611,004
100$28,464,318$2,378,994$545,401$21,462,832