Can I retire at age 65 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$75,477$74,805$74,149$73,509$72,884$71,913
2 years$37,365$36,669$35,995$35,341$34,706$33,730
3 years$24,663$23,964$23,291$22,643$22,019$21,068
4 years$18,313$17,616$16,950$16,313$15,704$14,785
5 years$14,504$13,811$13,154$12,530$11,938$11,053
6 years$11,965$11,278$10,630$10,020$9,446$8,597
7 years$10,153$9,471$8,834$8,238$7,682$6,869
8 years$8,794$8,118$7,492$6,911$6,373$5,596
9 years$7,738$7,069$6,453$5,887$5,367$4,625
10 years$6,893$6,231$5,626$5,074$4,573$3,866
11 years$6,203$5,547$4,953$4,416$3,933$3,261
12 years$5,628$4,978$4,395$3,874$3,408$2,770
13 years$5,141$4,499$3,927$3,420$2,972$2,366
14 years$4,725$4,090$3,528$3,036$2,605$2,031
15 years$4,365$3,736$3,186$2,707$2,294$1,751
16 years$4,049$3,428$2,888$2,424$2,027$1,514
17 years$3,772$3,157$2,628$2,178$1,798$1,313
18 years$3,525$2,917$2,399$1,963$1,598$1,141
19 years$3,305$2,703$2,196$1,774$1,425$994
20 years$3,106$2,512$2,016$1,606$1,273$868
21 years$2,927$2,340$1,854$1,458$1,139$759
22 years$2,765$2,184$1,709$1,326$1,021$664
23 years$2,617$2,043$1,578$1,207$916$582
24 years$2,481$1,914$1,459$1,101$824$510
25 years$2,356$1,796$1,351$1,006$741$448
26 years$2,242$1,688$1,253$919$668$394
27 years$2,135$1,589$1,164$842$602$346
28 years$2,037$1,497$1,082$771$543$304
29 years$1,946$1,412$1,007$707$490$268
30 years$1,861$1,334$938$649$443$236
31 years$1,781$1,261$874$596$401$208
32 years$1,707$1,193$816$548$362$183
33 years$1,637$1,130$762$504$328$161
34 years$1,571$1,071$712$463$297$142
35 years$1,510$1,016$665$427$269$125
36 years$1,452$964$622$393$244$111
37 years$1,397$916$583$362$221$98
38 years$1,345$870$546$334$200$86
39 years$1,296$827$511$308$182$76
40 years$1,250$787$479$284$165$67
41 years$1,206$749$449$262$149$59
42 years$1,164$714$421$242$136$52
43 years$1,124$680$395$223$123$46
44 years$1,086$648$371$206$112$41
45 years$1,050$618$349$190$101$36
46 years$1,015$590$327$176$92$32
47 years$983$563$308$162$84$28
48 years$951$537$289$150$76$25
49 years$921$513$272$139$69$22
50 years$892$490$255$128$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $914,000, adding $4,634 every year, while hoping to spend $34,066 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: 71/11/18 Blend
64$914,000$914,000$914,000$914,000
65$1,012,008$963,566$949,399$1,079,217
66$1,078,987$974,535$944,958$1,135,502
67$1,151,656$984,899$939,226$1,192,585
68$1,230,559$994,594$932,125$1,254,217
69$1,316,296$1,003,549$923,571$1,320,843
70$1,409,525$1,011,689$913,477$1,392,954
71$1,510,971$1,018,936$901,753$1,471,090
72$1,621,431$1,025,205$888,302$1,555,849
73$1,741,782$1,030,406$873,026$1,647,888
74$1,872,991$1,034,443$855,820$1,747,933
75$2,016,120$1,037,214$836,573$1,856,781
76$2,172,338$1,038,612$815,173$1,975,317
77$2,342,934$1,038,521$791,499$2,104,510
78$2,529,325$1,036,820$765,425$2,245,434
79$2,733,071$1,033,380$736,822$2,399,270
80$2,955,891$1,028,062$705,552$2,567,321
81$3,199,675$1,020,720$671,472$2,751,024
82$3,466,508$1,011,201$634,432$2,951,962
83$3,758,682$999,341$594,276$3,171,884
84$4,078,724$984,964$550,840$3,412,714
85$4,429,414$967,888$503,954$3,676,575
86$4,813,817$947,917$453,438$3,965,811
87$5,235,306$924,844$399,108$4,283,000
88$5,697,596$898,451$340,768$4,630,991
89$6,204,782$868,506$278,214$5,012,920
90$6,761,370$834,763$211,235$5,432,247
91$7,372,327$796,964$139,608$5,892,788
92$8,043,122$754,833$63,103$6,398,745
93$8,779,782$708,081$0$6,954,757
94$9,588,942$656,400$0$7,569,495
95$10,477,917$599,465$0$8,258,199
96$11,454,760$536,935$0$9,014,998
97$12,528,346$468,445$0$9,846,795
98$13,708,451$393,613$0$10,761,193
99$15,005,847$312,035$0$11,766,573
100$16,432,401$223,281$0$12,872,171