Can I retire at age 65 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$74,321$73,659$73,013$72,383$71,767$71,405
2 years$36,793$36,107$35,443$34,799$34,175$33,809
3 years$24,285$23,597$22,934$22,296$21,682$21,324
4 years$18,032$17,346$16,690$16,063$15,464$15,117
5 years$14,281$13,599$12,952$12,338$11,755$11,420
6 years$11,782$11,105$10,467$9,867$9,302$8,978
7 years$9,997$9,326$8,698$8,112$7,565$7,254
8 years$8,659$7,994$7,377$6,805$6,276$5,977
9 years$7,619$6,960$6,354$5,796$5,285$4,999
10 years$6,787$6,135$5,539$4,997$4,503$4,229
11 years$6,108$5,462$4,877$4,348$3,873$3,611
12 years$5,541$4,902$4,328$3,814$3,356$3,106
13 years$5,063$4,430$3,867$3,367$2,927$2,688
14 years$4,653$4,027$3,474$2,989$2,565$2,338
15 years$4,298$3,679$3,137$2,666$2,259$2,042
16 years$3,987$3,375$2,844$2,387$1,996$1,791
17 years$3,714$3,108$2,588$2,145$1,770$1,575
18 years$3,471$2,872$2,362$1,933$1,574$1,389
19 years$3,254$2,662$2,163$1,746$1,403$1,227
20 years$3,059$2,474$1,985$1,582$1,253$1,087
21 years$2,883$2,304$1,826$1,436$1,121$964
22 years$2,722$2,151$1,683$1,305$1,005$857
23 years$2,577$2,012$1,554$1,189$902$762
24 years$2,443$1,885$1,437$1,084$811$679
25 years$2,320$1,769$1,331$990$730$605
26 years$2,207$1,662$1,234$905$657$540
27 years$2,103$1,564$1,146$829$593$483
28 years$2,006$1,474$1,065$759$535$431
29 years$1,916$1,391$991$696$483$386
30 years$1,832$1,313$924$639$436$345
31 years$1,754$1,242$861$587$394$309
32 years$1,680$1,175$803$539$357$277
33 years$1,612$1,113$750$496$323$248
34 years$1,547$1,054$701$456$292$222
35 years$1,487$1,000$655$420$265$200
36 years$1,429$949$613$387$240$179
37 years$1,375$902$574$356$217$161
38 years$1,324$857$537$329$197$144
39 years$1,276$815$503$303$179$129
40 years$1,230$775$472$279$162$116
41 years$1,187$738$442$258$147$104
42 years$1,146$703$415$238$133$94
43 years$1,107$670$389$220$121$84
44 years$1,069$638$366$203$110$76
45 years$1,034$609$343$187$100$68
46 years$1,000$581$322$173$91$61
47 years$968$554$303$160$82$55
48 years$937$529$285$148$75$49
49 years$907$505$267$136$68$44
50 years$879$482$251$126$62$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $900,000, adding $5,211 every year, while hoping to spend $40,387 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: 30/45/25 Blend
64$900,000$900,000$900,000$900,000
65$997,175$949,475$935,525$1,019,254
66$1,055,916$953,028$923,894$1,040,296
67$1,119,294$955,401$910,519$1,058,996
68$1,187,741$956,495$895,300$1,078,294
69$1,261,729$956,201$878,131$1,098,268
70$1,341,778$954,408$858,902$1,119,007
71$1,428,460$950,995$837,495$1,140,616
72$1,522,402$945,833$813,791$1,163,209
73$1,624,297$938,788$787,663$1,186,918
74$1,734,903$929,717$758,977$1,211,893
75$1,855,056$918,466$727,596$1,238,302
76$1,985,675$904,874$693,373$1,266,336
77$2,127,771$888,770$656,159$1,296,209
78$2,282,458$869,974$615,794$1,328,162
79$2,450,958$848,292$572,113$1,362,467
80$2,634,620$823,523$524,943$1,399,429
81$2,834,925$795,450$474,103$1,439,390
82$3,053,507$763,846$419,404$1,482,733
83$3,292,160$728,470$360,650$1,529,888
84$3,552,863$689,067$297,634$1,581,335
85$3,837,792$645,368$230,142$1,637,610
86$4,149,343$597,088$157,948$1,699,314
87$4,490,156$543,925$80,819$1,767,117
88$4,863,135$485,561$0$1,841,765
89$5,271,480$421,659$0$1,924,489
90$5,718,714$351,863$0$2,038,852
91$6,208,717$275,798$0$2,164,378
92$6,745,761$193,067$0$2,302,292
93$7,334,551$103,250$0$2,453,949
94$7,980,271$5,905$0$2,620,856
95$8,688,629$0$0$2,804,676
96$9,465,911$0$0$3,056,494
97$10,319,044$0$0$3,336,242
98$11,255,657$0$0$3,643,517
99$12,284,152$0$0$3,981,093
100$13,413,787$0$0$4,352,029