Can I retire at age 65 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$109,004$108,033$107,086$106,161$105,259$101,122
2 years$53,963$52,958$51,984$51,039$50,123$46,007
3 years$35,618$34,608$33,637$32,701$31,800$27,833
4 years$26,447$25,441$24,479$23,559$22,680$18,892
5 years$20,946$19,946$18,997$18,096$17,241$13,642
6 years$17,280$16,287$15,352$14,471$13,642$10,235
7 years$14,662$13,678$12,758$11,898$11,095$7,878
8 years$12,700$11,725$10,820$9,981$9,204$6,174
9 years$11,175$10,208$9,319$8,501$7,751$4,904
10 years$9,955$8,998$8,124$7,328$6,604$3,934
11 years$8,958$8,011$7,153$6,378$5,680$3,181
12 years$8,127$7,190$6,348$5,594$4,922$2,587
13 years$7,425$6,498$5,671$4,939$4,292$2,114
14 years$6,824$5,906$5,096$4,384$3,763$1,735
15 years$6,303$5,395$4,601$3,910$3,313$1,427
16 years$5,848$4,950$4,171$3,501$2,928$1,178
17 years$5,447$4,559$3,796$3,146$2,596$974
18 years$5,091$4,213$3,465$2,835$2,308$806
19 years$4,772$3,904$3,172$2,561$2,057$668
20 years$4,486$3,628$2,911$2,320$1,838$555
21 years$4,228$3,379$2,678$2,105$1,645$461
22 years$3,993$3,154$2,468$1,914$1,474$383
23 years$3,779$2,950$2,279$1,743$1,323$319
24 years$3,583$2,764$2,107$1,590$1,189$266
25 years$3,403$2,594$1,952$1,452$1,070$221
26 years$3,237$2,438$1,810$1,328$964$184
27 years$3,084$2,294$1,681$1,215$869$154
28 years$2,942$2,162$1,563$1,114$784$128
29 years$2,810$2,040$1,454$1,021$708$107
30 years$2,687$1,926$1,355$937$640$89
31 years$2,572$1,821$1,263$861$579$74
32 years$2,465$1,723$1,178$791$523$62
33 years$2,364$1,632$1,100$727$474$52
34 years$2,269$1,546$1,028$669$429$43
35 years$2,180$1,467$961$616$388$36
36 years$2,096$1,392$899$567$352$30
37 years$2,017$1,322$841$523$319$25
38 years$1,943$1,257$788$482$289$21
39 years$1,872$1,195$738$444$262$17
40 years$1,805$1,137$692$410$238$15
41 years$1,741$1,082$649$378$216$12
42 years$1,681$1,031$609$349$196$10
43 years$1,623$982$571$322$178$8
44 years$1,568$936$536$297$161$7
45 years$1,516$893$503$275$146$6
46 years$1,466$852$473$254$133$5
47 years$1,419$813$444$234$121$4
48 years$1,374$776$417$217$110$3
49 years$1,330$741$392$200$100$3
50 years$1,289$708$369$185$90$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,320,000, adding $5,428 every year, while hoping to spend $50,230 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: 86/6/8 Blend
64$1,320,000$1,320,000$1,320,000$1,320,000
65$1,460,239$1,390,279$1,369,819$1,584,136
66$1,555,739$1,404,958$1,362,264$1,680,454
67$1,659,297$1,418,673$1,352,772$1,778,833
68$1,771,680$1,431,324$1,341,225$1,885,345
69$1,893,736$1,442,803$1,327,501$2,000,774
70$2,026,394$1,452,998$1,311,469$2,125,986
71$2,170,677$1,461,785$1,292,994$2,261,929
72$2,327,711$1,469,038$1,271,934$2,409,652
73$2,498,735$1,474,618$1,248,141$2,570,308
74$2,685,112$1,478,380$1,221,459$2,745,167
75$2,888,341$1,480,168$1,191,726$2,935,627
76$3,110,074$1,479,819$1,158,771$3,143,229
77$3,352,129$1,477,157$1,122,417$3,369,670
78$3,616,505$1,471,996$1,082,477$3,616,818
79$3,905,404$1,464,140$1,038,756$3,886,733
80$4,221,252$1,453,380$991,051$4,181,682
81$4,566,718$1,439,494$939,149$4,504,164
82$4,944,740$1,422,246$882,828$4,856,931
83$5,358,556$1,401,388$821,855$5,243,017
84$5,811,729$1,376,656$755,987$5,665,761
85$6,308,183$1,347,770$684,970$6,128,845
86$6,852,240$1,314,433$608,539$6,636,325
87$7,448,661$1,276,333$526,418$7,192,670
88$8,102,688$1,233,137$438,316$7,802,803
89$8,820,095$1,184,494$343,933$8,472,149
90$9,607,242$1,130,031$242,952$9,206,688
91$10,471,134$1,069,356$135,044$10,013,006
92$11,419,488$1,002,052$19,866$10,898,362
93$12,460,803$927,680$0$11,870,754
94$13,604,442$845,774$0$12,947,793
95$14,860,722$755,843$0$14,132,776
96$16,241,003$657,367$0$15,434,743
97$17,757,804$549,798$0$16,865,521
98$19,424,916$432,554$0$18,438,144
99$21,257,532$305,023$0$20,166,972
100$23,272,390$166,558$0$22,067,828