Can I retire at age 65 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$74,899$74,232$73,581$72,946$72,325$71,660
2 years$37,079$36,388$35,719$35,070$34,441$33,770
3 years$24,474$23,780$23,113$22,470$21,851$21,196
4 years$18,172$17,481$16,820$16,188$15,584$14,950
5 years$14,393$13,705$13,053$12,434$11,847$11,235
6 years$11,873$11,191$10,549$9,944$9,374$8,786
7 years$10,075$9,398$8,766$8,175$7,624$7,059
8 years$8,726$8,056$7,434$6,858$6,324$5,784
9 years$7,678$7,014$6,403$5,841$5,326$4,809
10 years$6,840$6,183$5,582$5,035$4,538$4,044
11 years$6,155$5,504$4,915$4,382$3,903$3,432
12 years$5,584$4,940$4,362$3,844$3,382$2,933
13 years$5,102$4,465$3,897$3,394$2,949$2,522
14 years$4,689$4,058$3,501$3,012$2,585$2,180
15 years$4,331$3,707$3,161$2,687$2,276$1,891
16 years$4,018$3,401$2,866$2,406$2,012$1,647
17 years$3,743$3,132$2,608$2,161$1,784$1,439
18 years$3,498$2,895$2,381$1,948$1,586$1,260
19 years$3,279$2,683$2,180$1,760$1,414$1,105
20 years$3,083$2,493$2,000$1,594$1,263$972
21 years$2,905$2,322$1,840$1,447$1,130$856
22 years$2,744$2,167$1,696$1,315$1,013$755
23 years$2,597$2,027$1,566$1,198$909$666
24 years$2,462$1,899$1,448$1,093$817$589
25 years$2,338$1,782$1,341$998$735$521
26 years$2,224$1,675$1,244$912$662$461
27 years$2,119$1,577$1,155$835$597$409
28 years$2,022$1,486$1,074$765$539$363
29 years$1,931$1,401$999$702$487$322
30 years$1,846$1,324$931$644$440$286
31 years$1,767$1,251$868$591$398$254
32 years$1,694$1,184$810$544$360$225
33 years$1,624$1,121$756$500$325$200
34 years$1,559$1,063$706$460$295$178
35 years$1,498$1,008$660$423$267$158
36 years$1,441$957$618$390$242$141
37 years$1,386$909$578$359$219$125
38 years$1,335$863$541$331$199$112
39 years$1,286$821$507$305$180$99
40 years$1,240$781$475$282$163$88
41 years$1,196$744$446$260$148$79
42 years$1,155$708$418$240$135$70
43 years$1,115$675$392$221$122$62
44 years$1,078$643$368$204$111$56
45 years$1,042$613$346$189$101$49
46 years$1,008$585$325$174$91$44
47 years$975$558$305$161$83$39
48 years$944$533$287$149$75$35
49 years$914$509$270$138$68$31
50 years$886$486$253$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $907,000, adding $2,244 every year, while hoping to spend $58,604 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: 67/21/12 Blend
64$907,000$907,000$907,000$907,000
65$1,001,829$953,758$939,699$1,066,144
66$1,041,661$938,138$908,825$1,093,628
67$1,083,592$919,788$874,952$1,116,507
68$1,127,774$898,513$837,919$1,140,016
69$1,174,373$874,106$797,555$1,164,212
70$1,223,569$846,347$753,683$1,189,158
71$1,275,559$815,005$706,118$1,214,925
72$1,330,559$779,833$654,666$1,241,594
73$1,388,803$740,572$599,124$1,269,256
74$1,450,548$696,947$539,281$1,298,014
75$1,516,073$648,666$474,916$1,327,984
76$1,585,685$595,424$405,799$1,359,296
77$1,659,720$536,894$331,688$1,392,095
78$1,738,543$472,733$252,331$1,426,545
79$1,822,556$402,579$167,466$1,462,832
80$1,912,199$326,048$76,818$1,501,161
81$2,007,954$242,735$0$1,541,763
82$2,110,348$152,211$0$1,587,448
83$2,219,960$54,026$0$1,646,616
84$2,337,425$0$0$1,709,785
85$2,463,438$0$0$1,789,443
86$2,598,764$0$0$1,888,434
87$2,744,241$0$0$1,994,889
88$2,900,790$0$0$2,109,490
89$3,069,420$0$0$2,232,980
90$3,251,243$0$0$2,366,178
91$3,447,476$0$0$2,509,983
92$3,659,461$0$0$2,665,384
93$3,888,669$0$0$2,833,466
94$4,136,718$0$0$3,015,423
95$4,405,388$0$0$3,212,568
96$4,696,633$0$0$3,426,343
97$5,012,606$0$0$3,658,335
98$5,355,670$0$0$3,910,289
99$5,728,428$0$0$4,184,124
100$6,133,741$0$0$4,481,953