Can I retire at age 65 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$109,830$108,852$107,897$106,966$106,056$102,497
2 years$54,371$53,359$52,377$51,426$50,503$46,952
3 years$35,888$34,871$33,892$32,949$32,041$28,611
4 years$26,647$25,634$24,664$23,738$22,852$19,568
5 years$21,105$20,097$19,141$18,233$17,372$14,242
6 years$17,411$16,411$15,468$14,581$13,746$10,774
7 years$14,773$13,782$12,854$11,988$11,179$8,364
8 years$12,796$11,813$10,902$10,056$9,274$6,614
9 years$11,259$10,286$9,389$8,566$7,810$5,302
10 years$10,030$9,066$8,186$7,384$6,655$4,294
11 years$9,026$8,071$7,207$6,426$5,723$3,505
12 years$8,189$7,244$6,396$5,637$4,960$2,880
13 years$7,481$6,547$5,714$4,976$4,325$2,378
14 years$6,876$5,951$5,134$4,417$3,791$1,971
15 years$6,351$5,436$4,636$3,939$3,338$1,640
16 years$5,892$4,988$4,203$3,527$2,950$1,368
17 years$5,488$4,593$3,824$3,169$2,616$1,143
18 years$5,129$4,244$3,491$2,856$2,326$957
19 years$4,809$3,934$3,196$2,581$2,073$803
20 years$4,520$3,655$2,933$2,337$1,852$674
21 years$4,260$3,405$2,698$2,121$1,657$567
22 years$4,023$3,178$2,487$1,929$1,485$477
23 years$3,808$2,973$2,296$1,757$1,333$402
24 years$3,610$2,785$2,123$1,602$1,198$338
25 years$3,429$2,614$1,967$1,463$1,078$285
26 years$3,262$2,457$1,824$1,338$971$240
27 years$3,107$2,312$1,694$1,225$876$203
28 years$2,964$2,178$1,574$1,122$790$171
29 years$2,831$2,055$1,465$1,029$714$145
30 years$2,707$1,941$1,365$944$645$122
31 years$2,592$1,835$1,272$867$583$103
32 years$2,483$1,736$1,187$797$527$87
33 years$2,382$1,644$1,108$733$477$74
34 years$2,287$1,558$1,036$674$432$62
35 years$2,197$1,478$968$621$391$52
36 years$2,112$1,403$906$572$355$44
37 years$2,033$1,332$848$527$321$37
38 years$1,957$1,266$794$486$291$32
39 years$1,886$1,204$744$448$264$27
40 years$1,818$1,146$697$413$240$23
41 years$1,754$1,090$654$381$217$19
42 years$1,693$1,038$613$352$197$16
43 years$1,635$989$575$325$179$14
44 years$1,580$943$540$300$163$12
45 years$1,528$899$507$277$148$10
46 years$1,478$858$476$256$134$8
47 years$1,430$819$448$236$122$7
48 years$1,384$782$421$218$110$6
49 years$1,340$746$395$202$100$5
50 years$1,299$713$372$186$91$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $1,330,000, adding $6,148 every year, while hoping to spend $31,878 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: 70/20/10 Blend
64$1,330,000$1,330,000$1,330,000$1,330,000
65$1,472,002$1,401,512$1,380,897$1,571,719
66$1,588,228$1,436,268$1,393,239$1,673,347
67$1,715,241$1,471,659$1,404,926$1,780,048
68$1,854,107$1,507,681$1,415,902$1,895,954
69$2,006,001$1,544,333$1,426,110$2,021,966
70$2,172,215$1,581,607$1,435,487$2,159,072
71$2,354,173$1,619,498$1,443,968$2,308,363
72$2,553,444$1,657,999$1,451,486$2,471,040
73$2,771,754$1,697,099$1,457,969$2,648,426
74$3,011,003$1,736,787$1,463,342$2,841,977
75$3,273,287$1,777,051$1,467,525$3,053,299
76$3,560,911$1,817,876$1,470,436$3,284,157
77$3,876,416$1,859,244$1,471,988$3,536,500
78$4,222,599$1,901,136$1,472,089$3,812,473
79$4,602,544$1,943,531$1,470,643$4,114,438
80$5,019,643$1,986,404$1,467,549$4,444,998
81$5,477,637$2,029,728$1,462,703$4,807,023
82$5,980,646$2,073,474$1,455,993$5,203,672
83$6,533,206$2,117,609$1,447,303$5,638,427
84$7,140,318$2,162,097$1,436,512$6,115,124
85$7,807,488$2,206,897$1,423,493$6,637,990
86$8,540,783$2,251,966$1,408,111$7,211,683
87$9,346,887$2,297,257$1,390,227$7,841,334
88$10,233,165$2,342,718$1,369,695$8,532,597
89$11,207,729$2,388,292$1,346,362$9,291,705
90$12,279,519$2,433,920$1,320,066$10,125,523
91$13,458,382$2,479,534$1,290,640$11,041,616
92$14,755,169$2,525,063$1,257,909$12,048,324
93$16,181,835$2,570,431$1,221,688$13,154,831
94$17,751,553$2,615,552$1,181,785$14,371,263
95$19,478,837$2,660,339$1,138,000$15,708,775
96$21,379,676$2,704,694$1,090,121$17,179,663
97$23,471,693$2,748,514$1,037,930$18,797,472
98$25,774,300$2,791,686$981,195$20,577,134
99$28,308,891$2,834,091$919,678$22,535,100
100$31,099,038$2,875,601$853,127$24,689,501