Can I retire at age 65 with 913,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$75,395$74,723$74,068$73,428$72,804$72,285
2 years$37,324$36,629$35,955$35,302$34,669$34,145
3 years$24,636$23,937$23,265$22,618$21,995$21,483
4 years$18,293$17,597$16,931$16,295$15,687$15,191
5 years$14,488$13,796$13,139$12,516$11,925$11,446
6 years$11,952$11,265$10,619$10,009$9,436$8,975
7 years$10,141$9,461$8,824$8,229$7,674$7,231
8 years$8,784$8,110$7,484$6,903$6,366$5,942
9 years$7,729$7,061$6,446$5,880$5,361$4,955
10 years$6,886$6,224$5,619$5,069$4,568$4,179
11 years$6,196$5,541$4,947$4,411$3,929$3,557
12 years$5,621$4,973$4,391$3,869$3,405$3,050
13 years$5,136$4,494$3,923$3,416$2,969$2,631
14 years$4,720$4,085$3,525$3,032$2,602$2,281
15 years$4,360$3,732$3,182$2,704$2,291$1,986
16 years$4,045$3,424$2,885$2,421$2,025$1,736
17 years$3,767$3,153$2,625$2,176$1,796$1,521
18 years$3,521$2,914$2,397$1,961$1,597$1,337
19 years$3,301$2,700$2,194$1,772$1,423$1,177
20 years$3,103$2,509$2,014$1,605$1,271$1,039
21 years$2,924$2,337$1,852$1,456$1,138$918
22 years$2,762$2,182$1,707$1,324$1,020$813
23 years$2,614$2,041$1,576$1,206$915$720
24 years$2,478$1,912$1,458$1,100$823$639
25 years$2,354$1,794$1,350$1,004$740$568
26 years$2,239$1,686$1,252$918$667$505
27 years$2,133$1,587$1,163$841$601$449
28 years$2,035$1,495$1,081$770$542$400
29 years$1,944$1,411$1,006$706$490$356
30 years$1,858$1,332$937$648$443$317
31 years$1,779$1,259$873$595$400$283
32 years$1,705$1,192$815$547$362$253
33 years$1,635$1,129$761$503$328$225
34 years$1,570$1,070$711$463$297$201
35 years$1,508$1,015$665$426$269$180
36 years$1,450$963$622$392$243$161
37 years$1,395$915$582$362$221$143
38 years$1,344$869$545$333$200$128
39 years$1,295$826$511$307$181$115
40 years$1,248$786$479$283$164$102
41 years$1,204$749$449$262$149$92
42 years$1,162$713$421$241$135$82
43 years$1,123$679$395$223$123$73
44 years$1,085$647$371$206$112$66
45 years$1,049$617$348$190$101$59
46 years$1,014$589$327$175$92$52
47 years$981$562$307$162$83$47
48 years$950$537$289$150$76$42
49 years$920$512$271$138$69$38
50 years$891$489$255$128$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $913,000, adding $5,585 every year, while hoping to spend $47,592 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: 55/30/15 Blend
64$913,000$913,000$913,000$913,000
65$1,011,887$963,498$949,346$1,063,253
66$1,064,462$960,072$930,512$1,095,397
67$1,120,804$954,883$909,452$1,124,769
68$1,181,249$947,794$886,040$1,155,669
69$1,246,161$938,661$860,148$1,188,253
70$1,315,943$927,330$831,637$1,222,695
71$1,391,038$913,637$800,365$1,259,190
72$1,471,930$897,411$766,183$1,297,955
73$1,559,152$878,469$728,935$1,339,230
74$1,653,288$856,617$688,457$1,383,284
75$1,754,982$831,650$644,579$1,430,416
76$1,864,939$803,350$597,122$1,480,959
77$1,983,938$771,489$545,900$1,535,281
78$2,112,831$735,823$490,719$1,593,795
79$2,252,557$696,096$431,375$1,656,956
80$2,404,147$652,034$367,656$1,725,272
81$2,568,737$603,351$299,340$1,799,305
82$2,747,576$549,743$226,195$1,879,682
83$2,942,036$490,887$147,980$1,967,096
84$3,153,629$426,446$64,443$2,062,317
85$3,384,017$356,059$0$2,166,200
86$3,635,028$279,348$0$2,283,644
87$3,908,677$195,912$0$2,423,011
88$4,207,179$105,329$0$2,575,184
89$4,532,972$7,151$0$2,741,500
90$4,888,741$0$0$2,923,439
91$5,277,441$0$0$3,155,347
92$5,702,324$0$0$3,411,504
93$6,166,973$0$0$3,691,721
94$6,675,331$0$0$3,998,385
95$7,231,740$0$0$4,334,127
96$7,840,982$0$0$4,701,844
97$8,508,323$0$0$5,104,726
98$9,239,560$0$0$5,546,286
99$10,041,080$0$0$6,030,392
100$10,919,917$0$0$6,561,307