Can I retire at age 65 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$75,890$75,214$74,555$73,911$73,282$72,187
2 years$37,569$36,870$36,192$35,534$34,896$33,796
3 years$24,797$24,095$23,418$22,767$22,140$21,067
4 years$18,413$17,712$17,043$16,402$15,790$14,755
5 years$14,583$13,887$13,226$12,599$12,003$11,008
6 years$12,031$11,339$10,688$10,075$9,498$8,543
7 years$10,208$9,523$8,882$8,283$7,724$6,811
8 years$8,842$8,163$7,533$6,949$6,408$5,536
9 years$7,780$7,107$6,488$5,919$5,397$4,565
10 years$6,931$6,265$5,656$5,102$4,598$3,806
11 years$6,236$5,577$4,980$4,440$3,955$3,202
12 years$5,658$5,006$4,419$3,895$3,427$2,713
13 years$5,170$4,524$3,948$3,438$2,988$2,312
14 years$4,751$4,112$3,548$3,052$2,620$1,979
15 years$4,388$3,756$3,203$2,722$2,306$1,701
16 years$4,072$3,446$2,904$2,437$2,038$1,467
17 years$3,792$3,174$2,643$2,190$1,807$1,269
18 years$3,544$2,933$2,412$1,974$1,607$1,100
19 years$3,323$2,718$2,208$1,783$1,432$955
20 years$3,123$2,526$2,027$1,615$1,279$831
21 years$2,943$2,353$1,864$1,466$1,145$724
22 years$2,780$2,196$1,718$1,333$1,026$632
23 years$2,631$2,054$1,586$1,214$921$552
24 years$2,495$1,924$1,467$1,107$828$483
25 years$2,369$1,806$1,359$1,011$745$423
26 years$2,254$1,697$1,260$924$671$370
27 years$2,147$1,597$1,170$846$605$324
28 years$2,048$1,505$1,088$775$546$284
29 years$1,956$1,420$1,012$711$493$249
30 years$1,871$1,341$943$652$446$219
31 years$1,791$1,268$879$599$403$192
32 years$1,716$1,200$820$551$364$169
33 years$1,646$1,136$766$506$330$148
34 years$1,580$1,077$716$466$299$130
35 years$1,518$1,021$669$429$270$114
36 years$1,460$969$626$395$245$101
37 years$1,404$921$586$364$222$88
38 years$1,352$875$549$335$201$78
39 years$1,303$832$514$309$183$68
40 years$1,256$792$482$285$166$60
41 years$1,212$753$452$263$150$53
42 years$1,170$718$424$243$136$47
43 years$1,130$684$398$224$124$41
44 years$1,092$652$373$207$112$36
45 years$1,056$621$350$191$102$32
46 years$1,021$593$329$177$93$28
47 years$988$566$309$163$84$25
48 years$956$540$291$151$76$22
49 years$926$516$273$139$69$19
50 years$897$493$257$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $919,000, adding $5,102 every year, while hoping to spend $20,937 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: 54/28/18 Blend
64$919,000$919,000$919,000$919,000
65$1,018,001$969,294$955,049$1,067,767
66$1,099,560$994,512$964,767$1,127,577
67$1,188,737$1,020,265$974,108$1,189,998
68$1,286,285$1,046,556$983,038$1,257,485
69$1,393,037$1,073,388$991,521$1,330,526
70$1,509,908$1,100,765$999,518$1,409,660
71$1,637,905$1,128,689$1,006,988$1,495,480
72$1,778,139$1,157,161$1,013,889$1,588,638
73$1,931,831$1,186,184$1,020,176$1,689,854
74$2,100,327$1,215,757$1,025,802$1,799,921
75$2,285,111$1,245,880$1,030,717$1,919,712
76$2,487,816$1,276,551$1,034,869$2,050,188
77$2,710,239$1,307,768$1,038,203$2,192,408
78$2,954,362$1,339,528$1,040,662$2,347,541
79$3,222,368$1,371,826$1,042,185$2,516,872
80$3,516,661$1,404,656$1,042,709$2,701,819
81$3,839,888$1,438,011$1,042,168$2,903,942
82$4,194,966$1,471,884$1,040,490$3,124,963
83$4,585,111$1,506,264$1,037,604$3,366,777
84$5,013,861$1,541,140$1,033,433$3,631,474
85$5,485,117$1,576,498$1,027,895$3,921,357
86$6,003,176$1,612,324$1,020,907$4,238,961
87$6,572,772$1,648,600$1,012,380$4,587,083
88$7,199,122$1,685,308$1,002,221$4,968,803
89$7,887,971$1,722,427$990,334$5,387,518
90$8,645,650$1,759,932$976,617$5,846,970
91$9,479,135$1,797,798$960,962$6,351,280
92$10,396,113$1,835,995$943,260$6,904,996
93$11,405,050$1,874,493$923,393$7,513,123
94$12,515,278$1,913,255$901,239$8,181,183
95$13,737,076$1,952,245$876,671$8,915,258
96$15,081,774$1,991,421$849,555$9,722,051
97$16,561,851$2,030,736$819,751$10,608,952
98$18,191,060$2,070,143$787,114$11,584,103
99$19,984,556$2,109,588$751,490$12,656,476
100$21,959,036$2,149,013$712,720$13,835,963