Can I retire at age 65 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$74,817$74,150$73,500$72,865$72,246$71,821
2 years$37,038$36,348$35,680$35,031$34,403$33,974
3 years$24,447$23,754$23,087$22,445$21,826$21,407
4 years$18,152$17,462$16,801$16,170$15,567$15,160
5 years$14,377$13,690$13,039$12,420$11,834$11,441
6 years$11,860$11,179$10,537$9,933$9,364$8,985
7 years$10,064$9,388$8,756$8,166$7,615$7,251
8 years$8,717$8,047$7,426$6,850$6,317$5,968
9 years$7,670$7,007$6,396$5,835$5,320$4,986
10 years$6,833$6,176$5,576$5,030$4,533$4,213
11 years$6,148$5,498$4,909$4,377$3,899$3,593
12 years$5,578$4,935$4,357$3,840$3,378$3,086
13 years$5,096$4,460$3,893$3,390$2,946$2,668
14 years$4,684$4,054$3,497$3,009$2,583$2,317
15 years$4,326$3,703$3,158$2,684$2,274$2,022
16 years$4,014$3,398$2,863$2,403$2,010$1,770
17 years$3,739$3,129$2,605$2,159$1,782$1,555
18 years$3,494$2,891$2,378$1,946$1,584$1,369
19 years$3,276$2,680$2,177$1,758$1,412$1,208
20 years$3,079$2,490$1,998$1,592$1,261$1,068
21 years$2,902$2,319$1,838$1,445$1,129$946
22 years$2,741$2,165$1,694$1,314$1,012$840
23 years$2,594$2,025$1,564$1,197$908$746
24 years$2,459$1,897$1,446$1,091$816$663
25 years$2,336$1,780$1,340$997$735$591
26 years$2,222$1,673$1,242$911$662$526
27 years$2,117$1,575$1,154$834$597$469
28 years$2,019$1,484$1,073$764$538$419
29 years$1,929$1,400$998$701$486$374
30 years$1,844$1,322$930$643$439$334
31 years$1,765$1,250$867$591$397$299
32 years$1,692$1,183$809$543$359$267
33 years$1,623$1,120$755$499$325$239
34 years$1,558$1,061$705$459$294$214
35 years$1,496$1,007$660$423$267$192
36 years$1,439$956$617$389$242$172
37 years$1,385$908$578$359$219$154
38 years$1,333$863$541$331$198$138
39 years$1,285$820$507$305$180$123
40 years$1,239$780$475$281$163$111
41 years$1,195$743$445$260$148$99
42 years$1,153$707$418$239$134$89
43 years$1,114$674$392$221$122$80
44 years$1,076$642$368$204$111$71
45 years$1,041$613$345$189$100$64
46 years$1,007$584$324$174$91$57
47 years$974$558$305$161$83$52
48 years$943$532$286$149$75$46
49 years$913$508$269$137$68$41
50 years$885$486$253$127$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $906,000, adding $3,868 every year, while hoping to spend $39,452 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: 47/40/13 Blend
64$906,000$906,000$906,000$906,000
65$1,002,402$954,384$940,341$1,045,696
66$1,062,670$959,172$929,866$1,080,818
67$1,127,764$962,873$917,717$1,114,548
68$1,198,133$965,391$903,798$1,150,280
69$1,274,273$966,625$888,006$1,188,213
70$1,356,728$966,469$870,233$1,228,570
71$1,446,096$964,808$850,368$1,271,600
72$1,543,036$961,522$828,293$1,317,575
73$1,648,271$956,482$803,887$1,366,801
74$1,762,597$949,552$777,019$1,419,616
75$1,886,890$940,588$747,558$1,476,394
76$2,022,113$929,437$715,361$1,537,552
77$2,169,325$915,936$680,282$1,603,551
78$2,329,694$899,914$642,169$1,674,903
79$2,504,501$881,188$600,860$1,752,173
80$2,695,160$859,566$556,189$1,835,991
81$2,903,225$834,844$507,979$1,927,052
82$3,130,407$806,804$456,050$2,026,127
83$3,378,589$775,219$400,209$2,134,071
84$3,649,846$739,845$340,257$2,251,830
85$3,946,461$700,428$275,985$2,380,450
86$4,270,947$656,695$207,177$2,521,090
87$4,626,071$608,361$133,606$2,675,035
88$5,014,882$555,123$55,033$2,843,702
89$5,440,736$496,659$0$3,028,664
90$5,907,328$432,633$0$3,235,655
91$6,418,729$362,686$0$3,471,007
92$6,979,422$286,440$0$3,729,240
93$7,594,345$203,497$0$4,012,745
94$8,268,934$113,435$0$4,324,161
95$9,009,181$15,808$0$4,666,403
96$9,821,682$0$0$5,042,692
97$10,713,706$0$0$5,496,133
98$11,693,258$0$0$6,001,815
99$12,769,157$0$0$6,557,346
100$13,951,118$0$0$7,167,757