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%17.4%
1 years$76,055$75,378$74,717$74,072$73,442$71,234
2 years$37,651$36,950$36,270$35,611$34,972$32,766
3 years$24,851$24,147$23,469$22,817$22,188$20,053
4 years$18,453$17,751$17,080$16,438$15,825$13,777
5 years$14,615$13,917$13,255$12,626$12,030$10,075
6 years$12,057$11,364$10,712$10,097$9,519$7,659
7 years$10,230$9,544$8,901$8,301$7,741$5,977
8 years$8,861$8,181$7,549$6,964$6,422$4,751
9 years$7,797$7,123$6,502$5,932$5,408$3,830
10 years$6,946$6,278$5,669$5,113$4,608$3,119
11 years$6,250$5,589$4,991$4,450$3,963$2,561
12 years$5,671$5,017$4,429$3,903$3,434$2,117
13 years$5,181$4,534$3,957$3,446$2,995$1,759
14 years$4,761$4,121$3,555$3,059$2,625$1,467
15 years$4,398$3,764$3,210$2,728$2,311$1,228
16 years$4,080$3,454$2,910$2,443$2,043$1,031
17 years$3,800$3,181$2,648$2,195$1,811$867
18 years$3,552$2,939$2,418$1,978$1,611$731
19 years$3,330$2,724$2,213$1,787$1,436$618
20 years$3,130$2,531$2,031$1,619$1,282$522
21 years$2,950$2,358$1,868$1,469$1,147$442
22 years$2,786$2,201$1,722$1,336$1,029$375
23 years$2,637$2,058$1,590$1,216$923$318
24 years$2,500$1,929$1,470$1,109$830$269
25 years$2,374$1,810$1,362$1,013$747$229
26 years$2,259$1,701$1,263$926$673$194
27 years$2,152$1,601$1,173$848$606$165
28 years$2,053$1,509$1,090$777$547$140
29 years$1,961$1,423$1,015$712$494$119
30 years$1,875$1,344$945$654$446$102
31 years$1,795$1,271$881$601$404$86
32 years$1,720$1,202$822$552$365$74
33 years$1,649$1,138$768$508$330$63
34 years$1,583$1,079$717$467$299$53
35 years$1,521$1,023$670$430$271$45
36 years$1,463$971$627$396$246$39
37 years$1,408$923$587$365$223$33
38 years$1,355$877$550$336$202$28
39 years$1,306$834$515$310$183$24
40 years$1,259$793$483$286$166$20
41 years$1,215$755$453$264$151$17
42 years$1,173$719$425$243$137$15
43 years$1,132$685$398$225$124$13
44 years$1,094$653$374$208$113$11
45 years$1,058$623$351$192$102$9
46 years$1,023$594$330$177$93$8
47 years$990$567$310$164$84$7
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$5
50 years$899$494$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 $921,000, adding $5,063 every year, while hoping to spend $51,369 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: 44/31/25 Blend
64$921,000$921,000$921,000$921,000
65$1,020,164$971,351$957,076$1,057,458
66$1,069,565$964,291$934,482$1,077,376
67$1,122,283$955,164$909,409$1,093,610
68$1,178,602$943,813$881,720$1,110,194
69$1,238,834$930,074$851,272$1,127,190
70$1,303,319$913,773$817,915$1,144,667
71$1,372,434$894,723$781,491$1,162,707
72$1,446,587$872,730$741,836$1,181,402
73$1,526,231$847,585$698,779$1,200,860
74$1,611,859$819,069$652,141$1,221,202
75$1,704,014$786,950$601,733$1,242,569
76$1,803,293$750,980$547,361$1,265,118
77$1,910,351$710,900$488,820$1,289,030
78$2,025,908$666,435$425,896$1,314,509
79$2,150,753$617,293$358,366$1,341,786
80$2,285,756$563,166$285,997$1,371,123
81$2,431,871$503,729$208,546$1,402,813
82$2,590,149$438,639$125,759$1,437,190
83$2,761,742$367,531$37,371$1,474,625
84$2,947,922$290,022$0$1,515,538
85$3,150,083$205,706$0$1,575,593
86$3,369,761$114,155$0$1,651,749
87$3,608,645$14,917$0$1,734,700
88$3,868,593$0$0$1,825,190
89$4,151,649$0$0$1,955,595
90$4,460,063$0$0$2,103,329
91$4,796,311$0$0$2,264,502
92$5,163,119$0$0$2,440,434
93$5,563,484$0$0$2,632,577
94$6,000,710$0$0$2,842,530
95$6,478,429$0$0$3,072,053
96$7,000,644$0$0$3,323,084
97$7,571,759$0$0$3,597,758
98$8,196,625$0$0$3,898,423
99$8,880,582$0$0$4,227,668
100$9,629,512$0$0$4,588,341