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%18.8%
1 years$109,830$108,852$107,897$106,966$106,056$102,293
2 years$54,371$53,359$52,377$51,426$50,503$46,752
3 years$35,888$34,871$33,892$32,949$32,041$28,420
4 years$26,647$25,634$24,664$23,738$22,852$19,388
5 years$21,105$20,097$19,141$18,233$17,372$14,075
6 years$17,411$16,411$15,468$14,581$13,746$10,618
7 years$14,773$13,782$12,854$11,988$11,179$8,219
8 years$12,796$11,813$10,902$10,056$9,274$6,480
9 years$11,259$10,286$9,389$8,566$7,810$5,179
10 years$10,030$9,066$8,186$7,384$6,655$4,181
11 years$9,026$8,071$7,207$6,426$5,723$3,402
12 years$8,189$7,244$6,396$5,637$4,960$2,786
13 years$7,481$6,547$5,714$4,976$4,325$2,292
14 years$6,876$5,951$5,134$4,417$3,791$1,894
15 years$6,351$5,436$4,636$3,939$3,338$1,570
16 years$5,892$4,988$4,203$3,527$2,950$1,305
17 years$5,488$4,593$3,824$3,169$2,616$1,086
18 years$5,129$4,244$3,491$2,856$2,326$906
19 years$4,809$3,934$3,196$2,581$2,073$757
20 years$4,520$3,655$2,933$2,337$1,852$634
21 years$4,260$3,405$2,698$2,121$1,657$530
22 years$4,023$3,178$2,487$1,929$1,485$445
23 years$3,808$2,973$2,296$1,757$1,333$373
24 years$3,610$2,785$2,123$1,602$1,198$313
25 years$3,429$2,614$1,967$1,463$1,078$263
26 years$3,262$2,457$1,824$1,338$971$221
27 years$3,107$2,312$1,694$1,225$876$185
28 years$2,964$2,178$1,574$1,122$790$156
29 years$2,831$2,055$1,465$1,029$714$131
30 years$2,707$1,941$1,365$944$645$110
31 years$2,592$1,835$1,272$867$583$93
32 years$2,483$1,736$1,187$797$527$78
33 years$2,382$1,644$1,108$733$477$66
34 years$2,287$1,558$1,036$674$432$55
35 years$2,197$1,478$968$621$391$46
36 years$2,112$1,403$906$572$355$39
37 years$2,033$1,332$848$527$321$33
38 years$1,957$1,266$794$486$291$28
39 years$1,886$1,204$744$448$264$23
40 years$1,818$1,146$697$413$240$20
41 years$1,754$1,090$654$381$217$16
42 years$1,693$1,038$613$352$197$14
43 years$1,635$989$575$325$179$12
44 years$1,580$943$540$300$163$10
45 years$1,528$899$507$277$148$8
46 years$1,478$858$476$256$134$7
47 years$1,430$819$448$236$122$6
48 years$1,384$782$421$218$110$5
49 years$1,340$746$395$202$100$4
50 years$1,299$713$372$186$91$3

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 $5,152 every year, while hoping to spend $58,450 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: 41/49/10 Blend
64$1,330,000$1,330,000$1,330,000$1,330,000
65$1,470,974$1,400,484$1,379,869$1,526,720
66$1,558,823$1,406,918$1,363,905$1,572,739
67$1,653,674$1,411,707$1,345,446$1,616,284
68$1,756,179$1,414,711$1,324,348$1,662,101
69$1,867,054$1,415,777$1,300,460$1,710,421
70$1,987,090$1,414,746$1,273,621$1,761,500
71$2,117,151$1,411,446$1,243,665$1,815,625
72$2,258,190$1,405,698$1,210,418$1,873,117
73$2,411,256$1,397,307$1,173,697$1,934,331
74$2,577,501$1,386,072$1,133,313$1,999,663
75$2,758,192$1,371,775$1,089,065$2,069,555
76$2,954,724$1,354,189$1,040,745$2,144,497
77$3,168,630$1,333,069$988,134$2,225,036
78$3,401,600$1,308,159$931,006$2,311,779
79$3,655,491$1,279,185$869,122$2,405,400
80$3,932,346$1,245,861$802,233$2,506,650
81$4,234,416$1,207,879$730,079$2,616,361
82$4,564,179$1,164,917$652,389$2,735,457
83$4,924,359$1,116,632$568,878$2,864,967
84$5,317,959$1,062,662$479,250$3,006,029
85$5,748,282$1,002,624$383,197$3,159,907
86$6,218,967$936,113$280,394$3,328,004
87$6,734,019$862,700$170,505$3,511,875
88$7,297,849$781,932$53,177$3,713,243
89$7,915,314$693,331$0$3,934,020
90$8,591,763$596,391$0$4,184,008
91$9,333,085$490,577$0$4,464,422
92$10,145,769$375,324$0$4,772,222
93$11,036,958$250,037$0$5,110,330
94$12,014,524$114,084$0$5,481,978
95$13,087,132$0$0$5,890,740
96$14,264,331$0$0$6,358,468
97$15,556,637$0$0$6,939,635
98$16,975,635$0$0$7,577,958
99$18,534,085$0$0$8,279,200
100$20,246,046$0$0$9,049,710