Can I retire at age 65 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$108,179$107,215$106,275$105,357$104,461$103,070
2 years$53,554$52,556$51,590$50,653$49,743$48,344
3 years$35,348$34,346$33,382$32,454$31,559$30,196
4 years$26,247$25,248$24,294$23,381$22,508$21,190
5 years$20,787$19,795$18,853$17,959$17,110$15,842
6 years$17,149$16,164$15,236$14,362$13,539$12,322
7 years$14,551$13,574$12,661$11,808$11,011$9,845
8 years$12,604$11,636$10,738$9,905$9,135$8,020
9 years$11,090$10,131$9,248$8,437$7,693$6,630
10 years$9,880$8,930$8,063$7,273$6,554$5,542
11 years$8,890$7,950$7,098$6,329$5,637$4,673
12 years$8,066$7,135$6,300$5,552$4,885$3,969
13 years$7,369$6,448$5,628$4,901$4,260$3,391
14 years$6,772$5,861$5,057$4,351$3,734$2,911
15 years$6,255$5,354$4,566$3,880$3,288$2,509
16 years$5,804$4,913$4,140$3,474$2,906$2,170
17 years$5,406$4,524$3,767$3,122$2,576$1,882
18 years$5,052$4,181$3,439$2,813$2,291$1,636
19 years$4,736$3,875$3,148$2,542$2,042$1,425
20 years$4,452$3,600$2,889$2,302$1,824$1,244
21 years$4,196$3,354$2,657$2,089$1,632$1,087
22 years$3,963$3,131$2,449$1,900$1,463$952
23 years$3,750$2,928$2,261$1,730$1,313$834
24 years$3,556$2,743$2,091$1,578$1,180$731
25 years$3,377$2,574$1,937$1,441$1,062$642
26 years$3,213$2,420$1,797$1,318$957$564
27 years$3,061$2,277$1,668$1,206$863$496
28 years$2,920$2,146$1,551$1,105$778$436
29 years$2,789$2,024$1,443$1,013$703$384
30 years$2,667$1,912$1,344$930$635$338
31 years$2,553$1,807$1,253$854$574$298
32 years$2,446$1,710$1,169$785$519$262
33 years$2,346$1,619$1,092$722$470$231
34 years$2,252$1,535$1,020$664$426$204
35 years$2,164$1,456$954$611$385$180
36 years$2,081$1,382$892$563$349$159
37 years$2,002$1,312$835$519$317$140
38 years$1,928$1,247$782$478$287$123
39 years$1,858$1,186$733$441$260$109
40 years$1,791$1,128$687$407$236$96
41 years$1,728$1,074$644$375$214$85
42 years$1,668$1,023$604$346$194$75
43 years$1,611$975$567$320$176$66
44 years$1,556$929$532$295$160$58
45 years$1,505$886$500$273$145$52
46 years$1,455$845$469$252$132$46
47 years$1,408$806$441$233$120$40
48 years$1,363$770$414$215$109$35
49 years$1,320$735$389$199$99$31
50 years$1,279$702$366$184$90$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,310,000, adding $3,746 every year, while hoping to spend $27,583 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: 28/45/27 Blend
64$1,310,000$1,310,000$1,310,000$1,310,000
65$1,447,484$1,378,054$1,357,749$1,475,789
66$1,565,779$1,416,231$1,373,885$1,536,795
67$1,695,216$1,455,353$1,389,638$1,599,653
68$1,836,902$1,495,439$1,404,965$1,666,628
69$1,992,056$1,536,506$1,419,821$1,738,092
70$2,162,022$1,578,571$1,434,161$1,814,455
71$2,348,277$1,621,650$1,447,934$1,896,167
72$2,552,451$1,665,760$1,461,090$1,983,725
73$2,776,337$1,710,918$1,473,572$2,077,674
74$3,021,910$1,757,141$1,485,324$2,178,615
75$3,291,348$1,804,443$1,496,285$2,287,211
76$3,587,046$1,852,841$1,506,391$2,404,191
77$3,911,644$1,902,350$1,515,575$2,530,358
78$4,268,051$1,952,985$1,523,766$2,666,596
79$4,659,471$2,004,759$1,530,891$2,813,881
80$5,089,432$2,057,687$1,536,870$2,973,285
81$5,561,821$2,111,781$1,541,623$3,145,992
82$6,080,922$2,167,054$1,545,063$3,333,305
83$6,651,454$2,223,517$1,547,100$3,536,660
84$7,278,613$2,281,180$1,547,638$3,757,640
85$7,968,126$2,340,053$1,546,579$3,997,988
86$8,726,304$2,400,144$1,543,818$4,259,627
87$9,560,096$2,461,461$1,539,246$4,544,673
88$10,477,163$2,524,009$1,532,747$4,855,461
89$11,485,941$2,587,793$1,524,202$5,194,563
90$12,595,728$2,652,816$1,513,483$5,564,815
91$13,816,767$2,719,079$1,500,460$5,969,340
92$15,160,345$2,786,581$1,484,993$6,411,583
93$16,638,897$2,855,320$1,466,937$6,895,338
94$18,266,125$2,925,292$1,446,141$7,424,790
95$20,057,128$2,996,490$1,422,444$8,004,550
96$22,028,541$3,068,903$1,395,682$8,639,700
97$24,198,694$3,142,521$1,365,679$9,335,841
98$26,587,784$3,217,328$1,332,253$10,099,148
99$29,218,068$3,293,307$1,295,213$10,936,427
100$32,114,067$3,370,436$1,254,359$11,855,179