How Long Will $1,240,000 Last in Retirement?
How long will savings of $1,240,000 last? When will $1.24 million run out?
Current Savings
$
Yearly Withdrawals
$
Investment Return
(annual)
%
Results
Your savings will last for 12 years and 2 months.Here is how your savings will change over time:
| Year | Savings |
|---|---|
| initial | $1,240,000 |
| 1 | $1,157,062 |
| 2 | $1,071,220 |
| 3 | $982,374 |
| 4 | $890,419 |
| 5 | $795,245 |
| 6 | $696,740 |
| 7 | $594,788 |
| 8 | $489,267 |
| 9 | $380,053 |
| 10 | $267,016 |
| 11 | $150,023 |
| 12 | $28,936 |
How long will savings of $1,240,000 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 $1.24 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.