Can I retire at age 65 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,055$75,378$74,717$74,072$73,442$71,521
2 years$37,651$36,950$36,270$35,611$34,972$33,051
3 years$24,851$24,147$23,469$22,817$22,188$20,325
4 years$18,453$17,751$17,080$16,438$15,825$14,035
5 years$14,615$13,917$13,255$12,626$12,030$10,318
6 years$12,057$11,364$10,712$10,097$9,519$7,887
7 years$10,230$9,544$8,901$8,301$7,741$6,189
8 years$8,861$8,181$7,549$6,964$6,422$4,949
9 years$7,797$7,123$6,502$5,932$5,408$4,013
10 years$6,946$6,278$5,669$5,113$4,608$3,289
11 years$6,250$5,589$4,991$4,450$3,963$2,718
12 years$5,671$5,017$4,429$3,903$3,434$2,262
13 years$5,181$4,534$3,957$3,446$2,995$1,892
14 years$4,761$4,121$3,555$3,059$2,625$1,589
15 years$4,398$3,764$3,210$2,728$2,311$1,340
16 years$4,080$3,454$2,910$2,443$2,043$1,133
17 years$3,800$3,181$2,648$2,195$1,811$960
18 years$3,552$2,939$2,418$1,978$1,611$815
19 years$3,330$2,724$2,213$1,787$1,436$694
20 years$3,130$2,531$2,031$1,619$1,282$591
21 years$2,950$2,358$1,868$1,469$1,147$504
22 years$2,786$2,201$1,722$1,336$1,029$430
23 years$2,637$2,058$1,590$1,216$923$368
24 years$2,500$1,929$1,470$1,109$830$315
25 years$2,374$1,810$1,362$1,013$747$269
26 years$2,259$1,701$1,263$926$673$231
27 years$2,152$1,601$1,173$848$606$198
28 years$2,053$1,509$1,090$777$547$169
29 years$1,961$1,423$1,015$712$494$145
30 years$1,875$1,344$945$654$446$125
31 years$1,795$1,271$881$601$404$107
32 years$1,720$1,202$822$552$365$92
33 years$1,649$1,138$768$508$330$79
34 years$1,583$1,079$717$467$299$68
35 years$1,521$1,023$670$430$271$58
36 years$1,463$971$627$396$246$50
37 years$1,408$923$587$365$223$43
38 years$1,355$877$550$336$202$37
39 years$1,306$834$515$310$183$31
40 years$1,259$793$483$286$166$27
41 years$1,215$755$453$264$151$23
42 years$1,173$719$425$243$137$20
43 years$1,132$685$398$225$124$17
44 years$1,094$653$374$208$113$15
45 years$1,058$623$351$192$102$13
46 years$1,023$594$330$177$93$11
47 years$990$567$310$164$84$9
48 years$958$541$291$151$76$8
49 years$928$517$274$140$69$7
50 years$899$494$257$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $921,000, adding $3,637 every year, while hoping to spend $40,796 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: 52/35/13 Blend
64$921,000$921,000$921,000$921,000
65$1,018,694$969,881$955,605$1,067,954
66$1,079,194$973,998$944,211$1,106,120
67$1,144,498$976,950$931,068$1,142,961
68$1,215,052$978,636$916,075$1,182,102
69$1,291,348$978,950$899,124$1,223,769
70$1,373,926$977,779$880,105$1,268,216
71$1,463,379$975,003$858,901$1,315,723
72$1,560,359$970,493$835,390$1,366,601
73$1,665,584$964,116$809,444$1,421,195
74$1,779,844$955,728$780,930$1,479,886
75$1,904,005$945,176$749,709$1,543,097
76$2,039,024$932,300$715,634$1,611,298
77$2,185,950$916,928$678,554$1,685,005
78$2,345,939$898,880$638,307$1,764,795
79$2,520,263$877,963$594,729$1,851,303
80$2,710,322$853,976$547,645$1,945,234
81$2,917,657$826,702$496,872$2,047,367
82$3,143,962$795,915$442,222$2,158,566
83$3,391,105$761,373$383,495$2,279,783
84$3,661,139$722,822$320,484$2,412,077
85$3,956,328$679,993$252,972$2,556,614
86$4,279,160$632,600$180,734$2,714,688
87$4,632,380$580,342$103,534$2,887,728
88$5,019,005$522,902$21,125$3,077,314
89$5,442,361$459,941$0$3,285,193
90$5,906,109$391,105$0$3,522,566
91$6,414,281$316,018$0$3,786,029
92$6,971,317$234,283$0$4,075,046
93$7,582,109$145,481$0$4,392,267
94$8,252,043$49,168$0$4,740,616
95$8,987,052$0$0$5,123,320
96$9,793,670$0$0$5,565,173
97$10,679,096$0$0$6,071,078
98$11,651,260$0$0$6,626,640
99$12,718,896$0$0$7,236,863
100$13,891,626$0$0$7,907,259