Can I retire at age 65 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$75,230$74,559$73,906$73,268$72,644$71,441
2 years$37,242$36,549$35,877$35,225$34,593$33,384
3 years$24,582$23,885$23,214$22,569$21,947$20,770
4 years$18,252$17,558$16,894$16,260$15,653$14,517
5 years$14,456$13,766$13,111$12,489$11,899$10,808
6 years$11,926$11,241$10,595$9,987$9,415$8,370
7 years$10,119$9,440$8,805$8,211$7,657$6,658
8 years$8,765$8,092$7,467$6,888$6,352$5,399
9 years$7,712$7,045$6,431$5,867$5,350$4,441
10 years$6,870$6,210$5,607$5,058$4,558$3,694
11 years$6,182$5,529$4,936$4,402$3,920$3,100
12 years$5,609$4,962$4,381$3,861$3,397$2,620
13 years$5,125$4,484$3,914$3,409$2,962$2,226
14 years$4,710$4,076$3,517$3,026$2,597$1,901
15 years$4,350$3,724$3,175$2,698$2,286$1,629
16 years$4,036$3,416$2,879$2,416$2,021$1,401
17 years$3,759$3,146$2,620$2,171$1,792$1,208
18 years$3,513$2,907$2,391$1,956$1,593$1,045
19 years$3,294$2,694$2,189$1,768$1,420$905
20 years$3,096$2,504$2,009$1,601$1,268$785
21 years$2,918$2,332$1,848$1,453$1,135$682
22 years$2,756$2,177$1,703$1,321$1,017$593
23 years$2,608$2,036$1,573$1,203$913$517
24 years$2,473$1,908$1,454$1,097$821$450
25 years$2,349$1,790$1,347$1,002$739$393
26 years$2,234$1,683$1,249$916$665$343
27 years$2,128$1,584$1,160$839$600$300
28 years$2,030$1,492$1,078$768$541$262
29 years$1,939$1,408$1,004$705$489$229
30 years$1,854$1,329$935$647$442$200
31 years$1,775$1,257$872$594$399$175
32 years$1,701$1,189$813$546$361$153
33 years$1,631$1,126$759$502$327$134
34 years$1,566$1,067$709$462$296$118
35 years$1,505$1,012$663$425$268$103
36 years$1,447$961$620$392$243$90
37 years$1,392$913$581$361$220$79
38 years$1,341$867$544$333$200$69
39 years$1,292$825$509$307$181$61
40 years$1,245$785$478$283$164$53
41 years$1,202$747$448$261$149$47
42 years$1,160$711$420$241$135$41
43 years$1,120$678$394$222$123$36
44 years$1,082$646$370$205$111$31
45 years$1,046$616$347$190$101$28
46 years$1,012$588$326$175$92$24
47 years$979$561$307$162$83$21
48 years$948$535$288$149$76$19
49 years$918$511$271$138$69$16
50 years$889$488$255$128$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $911,000, adding $6,706 every year, while hoping to spend $33,561 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: 65/9/26 Blend
64$911,000$911,000$911,000$911,000
65$1,010,839$962,556$948,436$1,069,244
66$1,078,236$974,013$944,500$1,120,930
67$1,151,383$984,906$939,307$1,173,047
68$1,230,830$995,173$932,780$1,229,263
69$1,317,184$1,004,746$924,838$1,289,983
70$1,411,112$1,013,553$915,395$1,355,655
71$1,513,347$1,021,519$904,362$1,426,775
72$1,624,697$1,028,561$891,646$1,503,887
73$1,746,049$1,034,594$877,150$1,587,593
74$1,878,381$1,039,525$860,770$1,678,558
75$2,022,770$1,043,256$842,400$1,777,515
76$2,180,400$1,045,682$821,927$1,885,271
77$2,352,574$1,046,694$799,235$2,002,719
78$2,540,728$1,046,173$774,200$2,130,843
79$2,746,441$1,043,995$746,695$2,270,728
80$2,971,454$1,040,026$716,585$2,423,573
81$3,217,682$1,034,127$683,730$2,590,698
82$3,487,234$1,026,147$647,983$2,773,562
83$3,782,432$1,015,929$609,192$2,973,771
84$4,105,835$1,003,305$567,195$3,193,099
85$4,460,260$988,096$521,825$3,433,502
86$4,848,808$970,114$472,907$3,697,138
87$5,274,896$949,160$420,260$3,986,386
88$5,742,288$925,021$363,691$4,303,870
89$6,255,128$897,474$303,002$4,652,486
90$6,817,983$866,282$237,984$5,035,426
91$7,435,881$831,194$168,420$5,456,209
92$8,114,363$791,944$94,084$5,918,719
93$8,859,530$748,251$14,738$6,427,236
94$9,678,105$699,819$0$6,986,482
95$10,577,495$646,333$0$7,621,065
96$11,565,858$587,461$0$8,322,947
97$12,652,181$522,853$0$9,094,441
98$13,846,367$452,137$0$9,942,604
99$15,159,326$374,921$0$10,875,212
100$16,603,077$290,791$0$11,900,835