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%11.4%
1 years$74,899$74,232$73,581$72,946$72,325$71,900
2 years$37,079$36,388$35,719$35,070$34,441$34,011
3 years$24,474$23,780$23,113$22,470$21,851$21,431
4 years$18,172$17,481$16,820$16,188$15,584$15,177
5 years$14,393$13,705$13,053$12,434$11,847$11,454
6 years$11,873$11,191$10,549$9,944$9,374$8,995
7 years$10,075$9,398$8,766$8,175$7,624$7,259
8 years$8,726$8,056$7,434$6,858$6,324$5,975
9 years$7,678$7,014$6,403$5,841$5,326$4,991
10 years$6,840$6,183$5,582$5,035$4,538$4,218
11 years$6,155$5,504$4,915$4,382$3,903$3,597
12 years$5,584$4,940$4,362$3,844$3,382$3,090
13 years$5,102$4,465$3,897$3,394$2,949$2,671
14 years$4,689$4,058$3,501$3,012$2,585$2,320
15 years$4,331$3,707$3,161$2,687$2,276$2,024
16 years$4,018$3,401$2,866$2,406$2,012$1,772
17 years$3,743$3,132$2,608$2,161$1,784$1,556
18 years$3,498$2,895$2,381$1,948$1,586$1,370
19 years$3,279$2,683$2,180$1,760$1,414$1,209
20 years$3,083$2,493$2,000$1,594$1,263$1,070
21 years$2,905$2,322$1,840$1,447$1,130$947
22 years$2,744$2,167$1,696$1,315$1,013$841
23 years$2,597$2,027$1,566$1,198$909$747
24 years$2,462$1,899$1,448$1,093$817$664
25 years$2,338$1,782$1,341$998$735$591
26 years$2,224$1,675$1,244$912$662$527
27 years$2,119$1,577$1,155$835$597$470
28 years$2,022$1,486$1,074$765$539$419
29 years$1,931$1,401$999$702$487$374
30 years$1,846$1,324$931$644$440$335
31 years$1,767$1,251$868$591$398$299
32 years$1,694$1,184$810$544$360$267
33 years$1,624$1,121$756$500$325$239
34 years$1,559$1,063$706$460$295$214
35 years$1,498$1,008$660$423$267$192
36 years$1,441$957$618$390$242$172
37 years$1,386$909$578$359$219$154
38 years$1,335$863$541$331$199$138
39 years$1,286$821$507$305$180$123
40 years$1,240$781$475$282$163$111
41 years$1,196$744$446$260$148$99
42 years$1,155$708$418$240$135$89
43 years$1,115$675$392$221$122$80
44 years$1,078$643$368$204$111$72
45 years$1,042$613$346$189$101$64
46 years$1,008$585$325$174$91$58
47 years$975$558$305$161$83$52
48 years$944$533$287$149$75$46
49 years$914$509$270$138$68$42
50 years$886$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 $907,000, adding $4,617 every year, while hoping to spend $31,041 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: 45/50/5 Blend
64$907,000$907,000$907,000$907,000
65$1,004,276$956,205$942,147$1,047,893
66$1,073,685$970,032$940,681$1,092,213
67$1,149,133$983,496$938,127$1,136,632
68$1,231,204$996,546$934,413$1,184,061
69$1,320,539$1,009,129$929,468$1,234,786
70$1,417,844$1,021,187$923,215$1,289,124
71$1,523,897$1,032,658$915,576$1,347,422
72$1,639,552$1,043,476$906,465$1,410,066
73$1,765,751$1,053,571$895,797$1,477,482
74$1,903,530$1,062,868$883,478$1,550,139
75$2,054,029$1,071,287$869,413$1,628,557
76$2,218,503$1,078,743$853,501$1,713,307
77$2,398,335$1,085,146$835,638$1,805,023
78$2,595,046$1,090,400$815,714$1,904,404
79$2,810,313$1,094,401$793,612$2,012,220
80$3,045,980$1,097,042$769,213$2,129,324
81$3,304,079$1,098,206$742,390$2,256,655
82$3,586,847$1,097,770$713,013$2,395,252
83$3,896,749$1,095,604$680,942$2,546,263
84$4,236,498$1,091,569$646,034$2,710,951
85$4,609,083$1,085,519$608,139$2,890,716
86$5,017,797$1,077,297$567,099$3,087,099
87$5,466,265$1,066,737$522,749$3,301,803
88$5,958,481$1,053,664$474,919$3,536,709
89$6,498,845$1,037,893$423,428$3,793,891
90$7,092,203$1,019,225$368,088$4,075,639
91$7,743,894$997,453$308,705$4,384,482
92$8,459,798$972,355$245,073$4,723,210
93$9,246,394$943,697$176,980$5,094,901
94$10,110,819$911,232$104,202$5,502,954
95$11,060,937$874,696$26,507$5,951,118
96$12,105,409$833,812$0$6,443,531
97$13,253,779$788,288$0$6,987,768
98$14,516,562$737,811$0$7,587,563
99$15,905,342$682,055$0$8,247,072
100$17,432,883$620,671$0$8,972,443