Can I retire at age 65 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$75,973$75,296$74,636$73,991$73,362$71,042
2 years$37,610$36,910$36,231$35,573$34,934$32,618
3 years$24,824$24,121$23,444$22,792$22,164$19,924
4 years$18,433$17,731$17,061$16,420$15,807$13,661
5 years$14,599$13,902$13,240$12,612$12,017$9,969
6 years$12,044$11,352$10,700$10,086$9,508$7,562
7 years$10,219$9,533$8,892$8,292$7,733$5,887
8 years$8,852$8,172$7,541$6,956$6,415$4,669
9 years$7,788$7,115$6,495$5,925$5,402$3,754
10 years$6,938$6,271$5,662$5,108$4,603$3,050
11 years$6,243$5,583$4,985$4,445$3,959$2,498
12 years$5,664$5,011$4,424$3,899$3,431$2,059
13 years$5,175$4,529$3,953$3,442$2,992$1,706
14 years$4,756$4,116$3,552$3,056$2,622$1,419
15 years$4,393$3,760$3,207$2,725$2,309$1,185
16 years$4,076$3,450$2,907$2,440$2,041$992
17 years$3,796$3,177$2,645$2,192$1,809$832
18 years$3,548$2,936$2,415$1,976$1,609$699
19 years$3,326$2,721$2,211$1,785$1,434$589
20 years$3,127$2,529$2,029$1,617$1,281$496
21 years$2,947$2,355$1,866$1,467$1,146$419
22 years$2,783$2,199$1,720$1,334$1,027$354
23 years$2,634$2,056$1,588$1,215$922$299
24 years$2,497$1,927$1,469$1,108$829$253
25 years$2,372$1,808$1,360$1,012$746$214
26 years$2,256$1,699$1,262$925$672$181
27 years$2,150$1,599$1,172$847$606$154
28 years$2,050$1,507$1,089$776$547$130
29 years$1,958$1,422$1,014$712$494$110
30 years$1,873$1,343$944$653$446$93
31 years$1,793$1,269$880$600$403$79
32 years$1,718$1,201$821$551$365$67
33 years$1,648$1,137$767$507$330$57
34 years$1,582$1,078$716$466$299$48
35 years$1,520$1,022$670$429$271$41
36 years$1,461$970$627$395$245$35
37 years$1,406$922$586$364$222$30
38 years$1,354$876$549$336$202$25
39 years$1,305$833$515$310$183$21
40 years$1,258$792$482$286$166$18
41 years$1,213$754$452$264$150$15
42 years$1,171$718$424$243$136$13
43 years$1,131$684$398$224$124$11
44 years$1,093$652$374$207$112$9
45 years$1,057$622$351$191$102$8
46 years$1,022$593$330$177$93$7
47 years$989$566$310$163$84$6
48 years$957$541$291$151$76$5
49 years$927$516$273$140$69$4
50 years$898$493$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $920,000, adding $3,743 every year, while hoping to spend $36,251 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: 86/8/6 Blend
64$920,000$920,000$920,000$920,000
65$1,017,701$968,941$954,681$1,104,647
66$1,082,936$977,848$948,092$1,170,784
67$1,153,609$985,977$940,067$1,238,061
68$1,230,238$993,251$930,520$1,310,820
69$1,313,391$999,588$919,361$1,389,586
70$1,403,692$1,004,903$906,495$1,474,939
71$1,501,828$1,009,103$891,822$1,567,516
72$1,608,555$1,012,089$875,238$1,668,018
73$1,724,704$1,013,759$856,636$1,777,219
74$1,851,192$1,014,000$835,901$1,895,970
75$1,989,024$1,012,697$812,914$2,025,207
76$2,139,308$1,009,723$787,550$2,165,963
77$2,303,265$1,004,947$759,681$2,319,374
78$2,482,237$998,228$729,169$2,486,693
79$2,677,701$989,417$695,872$2,669,299
80$2,891,283$978,356$659,641$2,868,711
81$3,124,776$964,877$620,320$3,086,603
82$3,380,150$948,803$577,748$3,324,819
83$3,659,577$929,946$531,754$3,585,390
84$3,965,447$908,107$482,161$3,870,553
85$4,300,393$883,074$428,783$4,182,776
86$4,667,312$854,624$371,427$4,524,774
87$5,069,398$822,521$309,890$4,899,541
88$5,510,167$786,514$243,962$5,310,374
89$5,993,490$746,339$173,421$5,760,909
90$6,523,633$701,717$98,037$6,255,148
91$7,105,293$652,350$17,570$6,797,506
92$7,743,643$597,926$0$7,392,843
93$8,444,385$538,114$0$8,050,890
94$9,213,795$472,565$0$8,774,664
95$10,058,789$400,908$0$9,569,560
96$10,986,987$322,753$0$10,442,767
97$12,006,779$237,688$0$11,402,203
98$13,127,413$145,277$0$12,456,596
99$14,359,074$45,060$0$13,615,559
100$15,712,983$0$0$14,889,687