How Long Will $1,040,000 Last in Retirement?

How long will savings of $1,040,000 last? When will $1.04 million run out?
Current Savings
$
Yearly Withdrawals
$
Investment Return
(annual)
%

Results

Your savings will last for 13 years and 1 months.

Here is how your savings will change over time:

Year Savings
initial $1,040,000
1 $980,282
2 $917,877
3 $852,663
4 $784,515
5 $713,300
6 $638,881
7 $561,113
8 $479,845
9 $394,920
10 $306,173
11 $213,433
12 $116,520
13 $15,245

How long will savings of $1,040,000 last in retirement? When will my money run out?

  • Enter your savings, the amount that you withdraw annually, and the return that you receive on your investments.
  • Then, click calculate.

Is $1.04 million enough to retire on? Will I run out of money in retirement? This is just an estimate. Small changes in investment return can have dramatic effects on the length of time that your savings will last.