Can I retire at age 65 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,569$73,905$73,257$72,624$72,006$70,553
2 years$36,915$36,228$35,561$34,915$34,289$32,830
3 years$24,366$23,675$23,011$22,371$21,754$20,337
4 years$18,092$17,404$16,746$16,117$15,515$14,150
5 years$14,329$13,645$12,995$12,379$11,794$10,485
6 years$11,821$11,142$10,502$9,900$9,333$8,080
7 years$10,030$9,357$8,727$8,139$7,590$6,395
8 years$8,688$8,021$7,402$6,828$6,297$5,159
9 years$7,644$6,983$6,375$5,816$5,303$4,221
10 years$6,810$6,156$5,558$5,013$4,518$3,492
11 years$6,128$5,480$4,893$4,363$3,886$2,914
12 years$5,560$4,919$4,342$3,827$3,367$2,448
13 years$5,080$4,445$3,880$3,379$2,936$2,068
14 years$4,668$4,040$3,486$2,999$2,574$1,755
15 years$4,312$3,691$3,147$2,675$2,266$1,495
16 years$4,001$3,386$2,854$2,395$2,003$1,278
17 years$3,726$3,119$2,597$2,152$1,776$1,095
18 years$3,483$2,882$2,370$1,939$1,579$940
19 years$3,265$2,671$2,170$1,752$1,408$809
20 years$3,069$2,482$1,991$1,587$1,257$697
21 years$2,892$2,312$1,832$1,440$1,125$601
22 years$2,732$2,158$1,688$1,310$1,008$520
23 years$2,585$2,018$1,559$1,193$905$449
24 years$2,451$1,891$1,442$1,088$814$389
25 years$2,328$1,775$1,335$993$732$337
26 years$2,215$1,668$1,238$908$660$292
27 years$2,110$1,570$1,150$831$595$253
28 years$2,013$1,479$1,069$762$537$220
29 years$1,922$1,395$995$699$484$191
30 years$1,838$1,318$927$641$438$166
31 years$1,760$1,246$864$589$396$144
32 years$1,686$1,179$806$541$358$125
33 years$1,617$1,116$753$498$324$109
34 years$1,552$1,058$703$458$293$94
35 years$1,492$1,003$657$421$266$82
36 years$1,434$952$615$388$241$71
37 years$1,380$905$576$358$218$62
38 years$1,329$860$539$330$198$54
39 years$1,280$817$505$304$179$47
40 years$1,235$778$473$280$163$41
41 years$1,191$740$444$259$148$35
42 years$1,150$705$416$239$134$31
43 years$1,110$672$391$220$122$27
44 years$1,073$640$367$203$110$23
45 years$1,037$611$344$188$100$20
46 years$1,003$583$323$174$91$18
47 years$971$556$304$160$83$15
48 years$940$531$286$148$75$13
49 years$910$507$268$137$68$12
50 years$882$484$252$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $903,000, adding $2,784 every year, while hoping to spend $52,294 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: 73/16/11 Blend
64$903,000$903,000$903,000$903,000
65$997,978$950,119$936,122$1,068,477
66$1,044,131$941,034$911,842$1,106,352
67$1,093,239$929,752$884,995$1,141,062
68$1,145,549$916,109$855,442$1,177,649
69$1,201,329$899,932$823,033$1,216,283
70$1,260,875$881,039$787,616$1,257,153
71$1,324,511$859,237$749,027$1,300,470
72$1,392,591$834,319$707,099$1,346,465
73$1,465,504$806,069$661,656$1,395,394
74$1,543,676$774,258$612,512$1,447,542
75$1,627,576$738,641$559,476$1,503,222
76$1,717,716$698,963$502,347$1,562,781
77$1,814,661$654,950$440,913$1,626,604
78$1,919,029$606,315$374,956$1,695,114
79$2,031,500$552,754$304,247$1,768,783
80$2,152,819$493,945$228,546$1,848,129
81$2,283,808$429,550$147,603$1,933,726
82$2,425,367$359,208$61,158$2,026,211
83$2,578,485$282,540$0$2,126,284
84$2,744,253$199,147$0$2,238,373
85$2,923,865$108,604$0$2,367,582
86$3,118,639$10,465$0$2,507,711
87$3,330,021$0$0$2,659,843
88$3,559,602$0$0$2,842,032
89$3,809,132$0$0$3,042,091
90$4,080,538$0$0$3,259,727
91$4,375,938$0$0$3,496,643
92$4,697,663$0$0$3,754,713
93$5,048,278$0$0$4,036,002
94$5,430,607$0$0$4,342,778
95$5,847,756$0$0$4,677,542
96$6,303,147$0$0$5,043,043
97$6,800,543$0$0$5,442,309
98$7,344,090$0$0$5,878,674
99$7,938,350$0$0$6,355,808
100$8,588,347$0$0$6,877,751