Can I retire at age 65 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,064$74,396$73,743$73,107$72,485$71,080
2 years$37,161$36,468$35,798$35,147$34,517$33,106
3 years$24,528$23,833$23,164$22,519$21,899$20,528
4 years$18,212$17,519$16,857$16,224$15,618$14,297
5 years$14,424$13,735$13,082$12,462$11,873$10,605
6 years$11,900$11,216$10,572$9,966$9,395$8,182
7 years$10,097$9,419$8,785$8,193$7,640$6,483
8 years$8,746$8,074$7,451$6,873$6,338$5,235
9 years$7,695$7,030$6,417$5,854$5,338$4,289
10 years$6,855$6,196$5,595$5,047$4,548$3,552
11 years$6,169$5,516$4,926$4,392$3,912$2,968
12 years$5,597$4,951$4,371$3,852$3,390$2,497
13 years$5,113$4,474$3,905$3,401$2,956$2,112
14 years$4,699$4,067$3,509$3,019$2,591$1,795
15 years$4,341$3,715$3,168$2,692$2,281$1,531
16 years$4,027$3,409$2,872$2,411$2,016$1,310
17 years$3,751$3,139$2,614$2,166$1,788$1,124
18 years$3,506$2,901$2,386$1,952$1,590$967
19 years$3,286$2,689$2,184$1,764$1,417$833
20 years$3,089$2,498$2,005$1,598$1,266$719
21 years$2,911$2,327$1,844$1,450$1,133$621
22 years$2,750$2,172$1,699$1,318$1,015$538
23 years$2,602$2,032$1,569$1,201$911$466
24 years$2,467$1,904$1,451$1,095$819$404
25 years$2,344$1,786$1,344$1,000$737$350
26 years$2,229$1,679$1,247$914$664$304
27 years$2,124$1,580$1,158$837$599$264
28 years$2,026$1,489$1,076$767$540$229
29 years$1,935$1,405$1,001$703$488$199
30 years$1,850$1,326$933$645$441$174
31 years$1,771$1,254$870$593$398$151
32 years$1,697$1,187$811$545$360$131
33 years$1,628$1,124$758$501$326$114
34 years$1,563$1,065$708$461$295$100
35 years$1,501$1,010$662$424$267$87
36 years$1,444$959$619$391$242$75
37 years$1,389$911$579$360$220$66
38 years$1,338$865$543$332$199$57
39 years$1,289$823$508$306$181$50
40 years$1,243$783$476$282$164$43
41 years$1,199$745$447$260$149$38
42 years$1,157$710$419$240$135$33
43 years$1,118$676$393$222$122$29
44 years$1,080$645$369$205$111$25
45 years$1,044$615$347$189$101$22
46 years$1,010$586$326$175$92$19
47 years$977$560$306$161$83$17
48 years$946$534$287$149$75$14
49 years$916$510$270$138$69$13
50 years$888$487$254$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $909,000, adding $6,256 every year, while hoping to spend $25,115 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: 82/5/13 Blend
64$909,000$909,000$909,000$909,000
65$1,008,171$959,994$945,905$1,087,879
66$1,084,282$980,312$950,870$1,161,389
67$1,167,315$1,000,783$955,160$1,238,147
68$1,257,949$1,021,389$958,726$1,321,686
69$1,356,932$1,042,109$961,516$1,412,674
70$1,465,088$1,062,921$963,475$1,511,846
71$1,583,322$1,083,800$964,547$1,620,012
72$1,712,633$1,104,718$964,672$1,738,066
73$1,854,121$1,125,648$963,787$1,866,990
74$2,008,994$1,146,558$961,826$2,007,868
75$2,178,585$1,167,413$958,721$2,161,892
76$2,364,362$1,188,178$954,400$2,330,376
77$2,567,940$1,208,812$948,786$2,514,769
78$2,791,100$1,229,273$941,799$2,716,667
79$3,035,800$1,249,515$933,358$2,937,826
80$3,304,200$1,269,490$923,374$3,180,183
81$3,598,677$1,289,144$911,756$3,445,872
82$3,921,851$1,308,421$898,408$3,737,243
83$4,276,606$1,327,259$883,231$4,056,888
84$4,666,120$1,345,595$866,119$4,407,660
85$5,093,893$1,363,358$846,963$4,792,704
86$5,563,781$1,380,474$825,647$5,215,485
87$6,080,033$1,396,863$802,053$5,679,822
88$6,647,328$1,412,441$776,053$6,189,922
89$7,270,822$1,427,117$747,518$6,750,423
90$7,956,194$1,440,795$716,308$7,366,432
91$8,709,703$1,453,370$682,281$8,043,581
92$9,538,242$1,464,735$645,286$8,788,073
93$10,449,406$1,474,770$605,167$9,606,744
94$11,451,564$1,483,353$561,759$10,507,128
95$12,553,937$1,490,350$514,891$11,497,528
96$13,766,682$1,495,621$464,384$12,587,091
97$15,100,993$1,499,016$410,050$13,785,899
98$16,569,203$1,500,376$351,695$15,105,062
99$18,184,899$1,499,532$289,114$16,556,822
100$19,963,053$1,496,303$222,094$18,154,671