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%11.9%
1 years$74,569$73,905$73,257$72,624$72,006$71,433
2 years$36,915$36,228$35,561$34,915$34,289$33,711
3 years$24,366$23,675$23,011$22,371$21,754$21,189
4 years$18,092$17,404$16,746$16,117$15,515$14,968
5 years$14,329$13,645$12,995$12,379$11,794$11,267
6 years$11,821$11,142$10,502$9,900$9,333$8,825
7 years$10,030$9,357$8,727$8,139$7,590$7,102
8 years$8,688$8,021$7,402$6,828$6,297$5,829
9 years$7,644$6,983$6,375$5,816$5,303$4,855
10 years$6,810$6,156$5,558$5,013$4,518$4,090
11 years$6,128$5,480$4,893$4,363$3,886$3,477
12 years$5,560$4,919$4,342$3,827$3,367$2,978
13 years$5,080$4,445$3,880$3,379$2,936$2,566
14 years$4,668$4,040$3,486$2,999$2,574$2,222
15 years$4,312$3,691$3,147$2,675$2,266$1,932
16 years$4,001$3,386$2,854$2,395$2,003$1,685
17 years$3,726$3,119$2,597$2,152$1,776$1,475
18 years$3,483$2,882$2,370$1,939$1,579$1,294
19 years$3,265$2,671$2,170$1,752$1,408$1,138
20 years$3,069$2,482$1,991$1,587$1,257$1,003
21 years$2,892$2,312$1,832$1,440$1,125$885
22 years$2,732$2,158$1,688$1,310$1,008$782
23 years$2,585$2,018$1,559$1,193$905$692
24 years$2,451$1,891$1,442$1,088$814$613
25 years$2,328$1,775$1,335$993$732$544
26 years$2,215$1,668$1,238$908$660$483
27 years$2,110$1,570$1,150$831$595$429
28 years$2,013$1,479$1,069$762$537$381
29 years$1,922$1,395$995$699$484$339
30 years$1,838$1,318$927$641$438$302
31 years$1,760$1,246$864$589$396$269
32 years$1,686$1,179$806$541$358$239
33 years$1,617$1,116$753$498$324$213
34 years$1,552$1,058$703$458$293$190
35 years$1,492$1,003$657$421$266$169
36 years$1,434$952$615$388$241$151
37 years$1,380$905$576$358$218$135
38 years$1,329$860$539$330$198$120
39 years$1,280$817$505$304$179$107
40 years$1,235$778$473$280$163$96
41 years$1,191$740$444$259$148$85
42 years$1,150$705$416$239$134$76
43 years$1,110$672$391$220$122$68
44 years$1,073$640$367$203$110$61
45 years$1,037$611$344$188$100$54
46 years$1,003$583$323$174$91$48
47 years$971$556$304$160$83$43
48 years$940$531$286$148$75$39
49 years$910$507$268$137$68$35
50 years$882$484$252$127$62$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $903,000, adding $2,996 every year, while hoping to spend $45,599 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: 86/8/6 Blend
64$903,000$903,000$903,000$903,000
65$998,196$950,337$936,341$1,083,536
66$1,051,495$948,387$919,191$1,137,655
67$1,108,703$944,813$899,939$1,190,520
68$1,170,169$939,487$878,465$1,247,142
69$1,236,278$932,274$854,646$1,307,865
70$1,307,453$923,030$828,352$1,373,070
71$1,384,158$911,603$799,446$1,443,176
72$1,466,903$897,832$767,788$1,518,643
73$1,556,246$881,545$733,228$1,599,978
74$1,652,804$862,561$695,611$1,687,739
75$1,757,251$840,689$654,776$1,782,542
76$1,870,332$815,724$610,553$1,885,063
77$1,992,864$787,452$562,764$1,996,048
78$2,125,744$755,645$511,224$2,116,317
79$2,269,960$720,062$455,740$2,246,774
80$2,426,599$680,448$396,111$2,388,417
81$2,596,856$636,534$332,125$2,542,341
82$2,782,046$588,034$263,561$2,709,755
83$2,983,615$534,648$190,191$2,891,991
84$3,203,154$476,057$111,773$3,090,516
85$3,442,416$411,924$28,058$3,306,946
86$3,703,328$341,893$0$3,543,062
87$3,988,011$265,589$0$3,804,750
88$4,298,800$182,615$0$4,092,421
89$4,638,266$92,552$0$4,406,677
90$5,009,238$0$0$4,750,163
91$5,414,833$0$0$5,126,238
92$5,858,480$0$0$5,546,517
93$6,343,956$0$0$6,006,434
94$6,875,419$0$0$6,509,928
95$7,457,450$0$0$7,061,340
96$8,095,092$0$0$7,665,449
97$8,793,897$0$0$8,327,518
98$9,559,984$0$0$9,053,345
99$10,400,089$0$0$9,849,313
100$11,321,631$0$0$10,722,455