Can I retire at age 65 with 919,000?

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 $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%18.8%
1 years$75,890$75,214$74,555$73,911$73,282$70,682
2 years$37,569$36,870$36,192$35,534$34,896$32,304
3 years$24,797$24,095$23,418$22,767$22,140$19,638
4 years$18,413$17,712$17,043$16,402$15,790$13,397
5 years$14,583$13,887$13,226$12,599$12,003$9,725
6 years$12,031$11,339$10,688$10,075$9,498$7,337
7 years$10,208$9,523$8,882$8,283$7,724$5,679
8 years$8,842$8,163$7,533$6,949$6,408$4,478
9 years$7,780$7,107$6,488$5,919$5,397$3,578
10 years$6,931$6,265$5,656$5,102$4,598$2,889
11 years$6,236$5,577$4,980$4,440$3,955$2,351
12 years$5,658$5,006$4,419$3,895$3,427$1,925
13 years$5,170$4,524$3,948$3,438$2,988$1,584
14 years$4,751$4,112$3,548$3,052$2,620$1,309
15 years$4,388$3,756$3,203$2,722$2,306$1,085
16 years$4,072$3,446$2,904$2,437$2,038$901
17 years$3,792$3,174$2,643$2,190$1,807$751
18 years$3,544$2,933$2,412$1,974$1,607$626
19 years$3,323$2,718$2,208$1,783$1,432$523
20 years$3,123$2,526$2,027$1,615$1,279$438
21 years$2,943$2,353$1,864$1,466$1,145$367
22 years$2,780$2,196$1,718$1,333$1,026$307
23 years$2,631$2,054$1,586$1,214$921$258
24 years$2,495$1,924$1,467$1,107$828$216
25 years$2,369$1,806$1,359$1,011$745$182
26 years$2,254$1,697$1,260$924$671$152
27 years$2,147$1,597$1,170$846$605$128
28 years$2,048$1,505$1,088$775$546$108
29 years$1,956$1,420$1,012$711$493$91
30 years$1,871$1,341$943$652$446$76
31 years$1,791$1,268$879$599$403$64
32 years$1,716$1,200$820$551$364$54
33 years$1,646$1,136$766$506$330$45
34 years$1,580$1,077$716$466$299$38
35 years$1,518$1,021$669$429$270$32
36 years$1,460$969$626$395$245$27
37 years$1,404$921$586$364$222$23
38 years$1,352$875$549$335$201$19
39 years$1,303$832$514$309$183$16
40 years$1,256$792$482$285$166$14
41 years$1,212$753$452$263$150$11
42 years$1,170$718$424$243$136$10
43 years$1,130$684$398$224$124$8
44 years$1,092$652$373$207$112$7
45 years$1,056$621$350$191$102$6
46 years$1,021$593$329$177$93$5
47 years$988$566$309$163$84$4
48 years$956$540$291$151$76$3
49 years$926$516$273$139$69$3
50 years$897$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $919,000, adding $4,001 every year, while hoping to spend $21,191 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: 57/30/13 Blend
64$919,000$919,000$919,000$919,000
65$1,016,865$968,158$953,914$1,071,257
66$1,098,038$993,051$963,323$1,133,403
67$1,186,781$1,018,453$972,337$1,198,405
68$1,283,843$1,044,367$980,920$1,268,739
69$1,390,049$1,070,796$989,035$1,344,917
70$1,506,309$1,097,740$996,643$1,427,506
71$1,633,623$1,125,200$1,003,701$1,517,129
72$1,773,094$1,153,176$1,010,167$1,614,473
73$1,925,936$1,181,668$1,015,993$1,720,295
74$2,093,485$1,210,673$1,021,133$1,835,425
75$2,277,214$1,240,189$1,025,534$1,960,783
76$2,478,744$1,270,213$1,029,144$2,097,378
77$2,699,862$1,300,739$1,031,906$2,246,324
78$2,942,535$1,331,763$1,033,762$2,408,846
79$3,208,930$1,363,276$1,034,650$2,586,295
80$3,501,434$1,395,270$1,034,504$2,780,160
81$3,822,678$1,427,735$1,033,257$2,992,080
82$4,175,557$1,460,660$1,030,837$3,223,861
83$4,563,264$1,494,032$1,027,170$3,477,495
84$4,989,313$1,527,836$1,022,177$3,755,174
85$5,457,578$1,562,055$1,015,775$4,059,314
86$5,972,326$1,596,671$1,007,878$4,392,579
87$6,538,258$1,631,662$998,396$4,757,903
88$7,160,552$1,667,006$987,234$5,158,519
89$7,844,915$1,702,676$974,294$5,597,990
90$8,597,634$1,738,644$959,470$6,080,243
91$9,425,635$1,774,880$942,654$6,609,603
92$10,336,550$1,811,349$923,734$7,190,839
93$11,338,787$1,848,015$902,588$7,829,204
94$12,441,612$1,884,836$879,093$8,530,491
95$13,655,233$1,921,769$853,119$9,301,078
96$14,990,897$1,958,766$824,529$10,147,998
97$16,460,997$1,995,775$793,180$11,079,001
98$18,079,191$2,032,740$758,923$12,102,627
99$19,860,524$2,069,599$721,603$13,228,287
100$21,821,577$2,106,289$681,055$14,466,354