Can I retire at age 65 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$104,875$103,941$103,030$102,140$101,272$99,025
2 years$51,919$50,952$50,014$49,106$48,225$45,972
3 years$34,269$33,297$32,363$31,463$30,596$28,409
4 years$25,445$24,477$23,552$22,667$21,821$19,716
5 years$20,153$19,190$18,277$17,410$16,588$14,571
6 years$16,625$15,670$14,771$13,923$13,126$11,199
7 years$14,107$13,160$12,274$11,447$10,675$8,838
8 years$12,219$11,281$10,410$9,603$8,856$7,109
9 years$10,751$9,822$8,966$8,179$7,458$5,799
10 years$9,578$8,657$7,817$7,051$6,354$4,783
11 years$8,618$7,707$6,882$6,136$5,465$3,978
12 years$7,819$6,918$6,107$5,382$4,736$3,331
13 years$7,144$6,251$5,456$4,752$4,130$2,805
14 years$6,565$5,682$4,903$4,218$3,620$2,372
15 years$6,064$5,191$4,426$3,762$3,187$2,014
16 years$5,627$4,763$4,013$3,368$2,817$1,715
17 years$5,241$4,386$3,652$3,026$2,498$1,464
18 years$4,898$4,053$3,334$2,727$2,221$1,253
19 years$4,592$3,756$3,052$2,464$1,980$1,074
20 years$4,316$3,491$2,801$2,232$1,768$922
21 years$4,068$3,251$2,576$2,026$1,582$792
22 years$3,842$3,035$2,374$1,842$1,418$682
23 years$3,636$2,839$2,192$1,677$1,273$587
24 years$3,447$2,660$2,028$1,530$1,144$506
25 years$3,274$2,496$1,878$1,397$1,030$437
26 years$3,115$2,346$1,742$1,277$928$377
27 years$2,967$2,208$1,617$1,169$836$326
28 years$2,831$2,080$1,503$1,071$755$281
29 years$2,704$1,962$1,399$982$681$243
30 years$2,585$1,853$1,303$902$616$210
31 years$2,475$1,752$1,215$828$557$182
32 years$2,371$1,658$1,134$761$503$157
33 years$2,274$1,570$1,058$700$456$136
34 years$2,183$1,488$989$644$413$118
35 years$2,098$1,411$925$593$374$102
36 years$2,017$1,339$865$546$339$88
37 years$1,941$1,272$810$503$307$77
38 years$1,869$1,209$758$464$278$66
39 years$1,801$1,150$710$427$252$57
40 years$1,736$1,094$666$394$229$50
41 years$1,675$1,041$624$364$208$43
42 years$1,617$992$586$336$188$37
43 years$1,562$945$549$310$171$32
44 years$1,509$901$516$286$155$28
45 years$1,459$859$484$264$141$24
46 years$1,411$819$455$244$128$21
47 years$1,365$782$427$226$116$18
48 years$1,322$746$402$208$105$16
49 years$1,280$713$377$193$96$14
50 years$1,240$681$355$178$87$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,270,000, adding $6,992 every year, while hoping to spend $42,355 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: 66/18/16 Blend
64$1,270,000$1,270,000$1,270,000$1,270,000
65$1,406,752$1,339,442$1,319,757$1,493,720
66$1,505,176$1,360,010$1,318,904$1,573,308
67$1,612,219$1,380,165$1,316,602$1,654,703
68$1,728,716$1,399,844$1,312,759$1,742,634
69$1,855,585$1,418,977$1,307,277$1,837,737
70$1,993,837$1,437,489$1,300,053$1,940,719
71$2,144,584$1,455,301$1,290,980$2,052,354
72$2,309,049$1,472,329$1,279,946$2,173,498
73$2,488,580$1,488,480$1,266,832$2,305,095
74$2,684,659$1,503,660$1,251,514$2,448,185
75$2,898,919$1,517,764$1,233,865$2,603,913
76$3,133,157$1,530,683$1,213,747$2,773,544
77$3,389,351$1,542,298$1,191,020$2,958,473
78$3,669,680$1,552,487$1,165,535$3,160,234
79$3,976,544$1,561,114$1,137,136$3,380,523
80$4,312,583$1,568,041$1,105,662$3,621,207
81$4,680,706$1,573,115$1,070,942$3,884,346
82$5,084,118$1,576,177$1,032,798$4,172,211
83$5,526,346$1,577,058$991,045$4,487,304
84$6,011,276$1,575,577$945,488$4,832,386
85$6,543,189$1,571,542$895,924$5,210,501
86$7,126,797$1,564,751$842,140$5,625,004
87$7,767,294$1,554,987$783,916$6,079,594
88$8,470,399$1,542,022$721,018$6,578,349
89$9,242,412$1,525,613$653,204$7,125,766
90$10,090,273$1,505,504$580,222$7,726,803
91$11,021,628$1,481,421$501,806$8,386,926
92$12,044,898$1,453,075$417,681$9,112,159
93$13,169,363$1,420,161$327,559$9,909,146
94$14,405,244$1,382,354$231,138$10,785,212
95$15,763,801$1,339,312$128,103$11,748,428
96$17,257,442$1,290,672$18,128$12,807,698
97$18,899,835$1,236,048$0$13,972,833
98$20,706,039$1,175,036$0$15,271,591
99$22,692,647$1,107,204$0$16,703,361
100$24,877,937$1,032,098$0$18,278,254