Can I retire at age 65 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$74,404$73,741$73,094$72,463$71,847$71,305
2 years$36,834$36,148$35,483$34,838$34,213$33,666
3 years$24,312$23,623$22,960$22,321$21,706$21,172
4 years$18,052$17,365$16,709$16,081$15,481$14,963
5 years$14,297$13,615$12,967$12,352$11,768$11,269
6 years$11,795$11,117$10,479$9,878$9,312$8,831
7 years$10,008$9,336$8,708$8,121$7,573$7,111
8 years$8,669$8,003$7,385$6,813$6,283$5,840
9 years$7,628$6,968$6,361$5,803$5,291$4,867
10 years$6,795$6,142$5,546$5,002$4,508$4,103
11 years$6,114$5,468$4,882$4,353$3,877$3,490
12 years$5,548$4,908$4,333$3,818$3,360$2,991
13 years$5,068$4,435$3,871$3,371$2,930$2,578
14 years$4,658$4,031$3,478$2,993$2,568$2,234
15 years$4,302$3,683$3,140$2,669$2,261$1,944
16 years$3,992$3,379$2,847$2,390$1,999$1,697
17 years$3,718$3,112$2,591$2,147$1,772$1,486
18 years$3,475$2,875$2,365$1,935$1,576$1,305
19 years$3,258$2,665$2,165$1,748$1,404$1,149
20 years$3,062$2,476$1,987$1,583$1,254$1,013
21 years$2,886$2,307$1,828$1,437$1,123$895
22 years$2,726$2,153$1,685$1,307$1,006$791
23 years$2,579$2,014$1,555$1,190$903$701
24 years$2,446$1,887$1,438$1,085$812$621
25 years$2,323$1,771$1,332$991$731$551
26 years$2,210$1,664$1,236$906$658$490
27 years$2,105$1,566$1,147$830$593$435
28 years$2,008$1,476$1,067$760$535$387
29 years$1,918$1,392$993$697$483$345
30 years$1,834$1,315$925$640$437$307
31 years$1,756$1,243$862$587$395$274
32 years$1,682$1,176$804$540$357$244
33 years$1,614$1,114$751$496$323$218
34 years$1,549$1,056$702$457$293$194
35 years$1,488$1,001$656$421$265$173
36 years$1,431$950$614$387$240$155
37 years$1,377$903$574$357$218$138
38 years$1,326$858$538$329$197$123
39 years$1,278$816$504$303$179$110
40 years$1,232$776$472$280$162$98
41 years$1,188$739$443$258$147$88
42 years$1,147$704$415$238$134$78
43 years$1,108$670$390$220$121$70
44 years$1,071$639$366$203$110$63
45 years$1,035$609$344$187$100$56
46 years$1,001$581$323$173$91$50
47 years$969$555$303$160$82$45
48 years$938$530$285$148$75$40
49 years$908$506$268$137$68$36
50 years$880$483$252$126$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $901,000, adding $6,834 every year, while hoping to spend $57,280 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: 72/15/13 Blend
64$901,000$901,000$901,000$901,000
65$999,951$952,198$938,233$1,068,686
66$1,041,001$937,911$908,718$1,100,832
67$1,084,318$921,003$876,295$1,128,348
68$1,130,073$901,286$840,805$1,156,950
69$1,178,452$878,561$802,084$1,186,732
70$1,229,659$852,616$759,959$1,217,798
71$1,283,915$823,225$714,249$1,250,267
72$1,341,465$790,153$664,766$1,284,267
73$1,402,571$753,148$611,313$1,319,944
74$1,467,526$711,944$553,684$1,357,459
75$1,536,645$666,261$491,664$1,396,989
76$1,610,276$615,802$425,028$1,438,735
77$1,688,800$560,252$353,543$1,482,917
78$1,772,634$499,280$276,962$1,529,780
79$1,862,232$432,535$195,031$1,579,598
80$1,958,097$359,646$107,481$1,632,674
81$2,060,777$280,222$14,035$1,689,344
82$2,170,872$193,850$0$1,749,982
83$2,289,045$100,091$0$1,826,888
84$2,416,018$0$0$1,911,486
85$2,552,587$0$0$2,002,631
86$2,699,626$0$0$2,118,583
87$2,858,093$0$0$2,243,579
88$3,029,041$0$0$2,378,456
89$3,213,628$0$0$2,524,130
90$3,413,126$0$0$2,681,610
91$3,628,930$0$0$2,852,003
92$3,862,578$0$0$3,036,528
93$4,115,758$0$0$3,236,523
94$4,390,328$0$0$3,453,461
95$4,688,328$0$0$3,688,962
96$5,012,006$0$0$3,944,806
97$5,363,831$0$0$4,222,952
98$5,746,521$0$0$4,525,557
99$6,163,066$0$0$4,854,990
100$6,616,756$0$0$5,213,863