Can I retire at age 65 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$74,651$73,987$73,338$72,705$72,086$70,573
2 years$36,956$36,268$35,601$34,954$34,327$32,809
3 years$24,393$23,701$23,036$22,395$21,778$20,304
4 years$18,112$17,423$16,764$16,135$15,532$14,113
5 years$14,345$13,660$13,010$12,393$11,808$10,446
6 years$11,834$11,154$10,514$9,911$9,343$8,042
7 years$10,042$9,367$8,737$8,148$7,598$6,357
8 years$8,698$8,030$7,410$6,835$6,304$5,122
9 years$7,653$6,991$6,382$5,822$5,308$4,186
10 years$6,818$6,162$5,564$5,019$4,523$3,459
11 years$6,135$5,486$4,898$4,368$3,890$2,882
12 years$5,566$4,924$4,347$3,831$3,371$2,418
13 years$5,085$4,450$3,884$3,382$2,940$2,040
14 years$4,673$4,045$3,490$3,002$2,577$1,729
15 years$4,317$3,695$3,151$2,678$2,269$1,471
16 years$4,005$3,390$2,857$2,398$2,005$1,255
17 years$3,730$3,122$2,599$2,154$1,778$1,074
18 years$3,486$2,885$2,373$1,941$1,581$921
19 years$3,268$2,674$2,172$1,754$1,409$791
20 years$3,072$2,485$1,994$1,589$1,259$681
21 years$2,895$2,314$1,834$1,442$1,126$587
22 years$2,735$2,160$1,690$1,311$1,010$506
23 years$2,588$2,021$1,561$1,194$906$437
24 years$2,454$1,893$1,443$1,089$815$378
25 years$2,331$1,777$1,337$995$733$326
26 years$2,217$1,670$1,240$909$660$283
27 years$2,112$1,571$1,151$832$595$245
28 years$2,015$1,481$1,070$763$537$212
29 years$1,924$1,397$996$699$485$184
30 years$1,840$1,319$928$642$438$159
31 years$1,762$1,247$865$589$396$138
32 years$1,688$1,180$807$542$358$120
33 years$1,619$1,117$753$498$324$104
34 years$1,554$1,059$704$458$294$90
35 years$1,493$1,005$658$422$266$78
36 years$1,436$953$616$389$241$68
37 years$1,382$906$576$358$218$59
38 years$1,330$861$540$330$198$51
39 years$1,282$818$506$304$180$44
40 years$1,236$779$474$281$163$39
41 years$1,192$741$444$259$148$33
42 years$1,151$706$417$239$134$29
43 years$1,112$673$391$221$122$25
44 years$1,074$641$367$204$110$22
45 years$1,038$611$345$188$100$19
46 years$1,004$583$324$174$91$17
47 years$972$557$304$161$83$14
48 years$941$531$286$148$75$12
49 years$911$507$269$137$68$11
50 years$883$485$253$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $904,000, adding $5,261 every year, while hoping to spend $42,819 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: 72/11/17 Blend
64$904,000$904,000$904,000$904,000
65$1,001,635$953,723$939,711$1,069,431
66$1,058,242$954,896$925,632$1,116,317
67$1,119,189$954,692$909,646$1,161,964
68$1,184,872$952,997$891,645$1,210,846
69$1,255,727$949,693$871,514$1,263,276
70$1,332,235$944,651$849,133$1,319,600
71$1,414,922$937,738$824,378$1,380,197
72$1,504,367$928,810$797,117$1,445,488
73$1,601,206$917,716$767,215$1,515,937
74$1,706,141$904,295$734,528$1,592,055
75$1,819,939$888,378$698,907$1,674,408
76$1,943,448$869,783$660,195$1,763,618
77$2,077,597$848,320$618,230$1,860,373
78$2,223,412$823,788$572,840$1,965,433
79$2,382,017$795,970$523,847$2,079,635
80$2,554,652$764,642$471,065$2,203,904
81$2,742,680$729,564$414,300$2,339,259
82$2,947,603$690,481$353,348$2,486,827
83$3,171,070$647,126$287,997$2,647,849
84$3,414,899$599,216$218,025$2,823,697
85$3,681,091$546,449$143,201$3,015,881
86$3,971,847$488,511$63,283$3,226,071
87$4,289,592$425,064$0$3,456,106
88$4,636,995$355,756$0$3,712,010
89$5,016,993$280,213$0$4,004,540
90$5,432,822$198,040$0$4,324,727
91$5,888,045$108,819$0$4,675,348
92$6,386,584$12,110$0$5,059,466
93$6,932,761$0$0$5,480,454
94$7,531,331$0$0$5,953,233
95$8,187,536$0$0$6,473,186
96$8,907,146$0$0$7,043,425
97$9,696,518$0$0$7,668,992
98$10,562,652$0$0$8,355,442
99$11,513,260$0$0$9,108,893
100$12,556,836$0$0$9,936,083