Can I retire at age 65 with 921,000?

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 $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%19.3%
1 years$76,055$75,378$74,717$74,072$73,442$70,696
2 years$37,651$36,950$36,270$35,611$34,972$32,237
3 years$24,851$24,147$23,469$22,817$22,188$19,549
4 years$18,453$17,751$17,080$16,438$15,825$13,303
5 years$14,615$13,917$13,255$12,626$12,030$9,632
6 years$12,057$11,364$10,712$10,097$9,519$7,246
7 years$10,230$9,544$8,901$8,301$7,741$5,593
8 years$8,861$8,181$7,549$6,964$6,422$4,397
9 years$7,797$7,123$6,502$5,932$5,408$3,503
10 years$6,946$6,278$5,669$5,113$4,608$2,819
11 years$6,250$5,589$4,991$4,450$3,963$2,287
12 years$5,671$5,017$4,429$3,903$3,434$1,866
13 years$5,181$4,534$3,957$3,446$2,995$1,530
14 years$4,761$4,121$3,555$3,059$2,625$1,260
15 years$4,398$3,764$3,210$2,728$2,311$1,041
16 years$4,080$3,454$2,910$2,443$2,043$862
17 years$3,800$3,181$2,648$2,195$1,811$715
18 years$3,552$2,939$2,418$1,978$1,611$594
19 years$3,330$2,724$2,213$1,787$1,436$495
20 years$3,130$2,531$2,031$1,619$1,282$412
21 years$2,950$2,358$1,868$1,469$1,147$344
22 years$2,786$2,201$1,722$1,336$1,029$287
23 years$2,637$2,058$1,590$1,216$923$240
24 years$2,500$1,929$1,470$1,109$830$200
25 years$2,374$1,810$1,362$1,013$747$168
26 years$2,259$1,701$1,263$926$673$140
27 years$2,152$1,601$1,173$848$606$117
28 years$2,053$1,509$1,090$777$547$98
29 years$1,961$1,423$1,015$712$494$82
30 years$1,875$1,344$945$654$446$69
31 years$1,795$1,271$881$601$404$58
32 years$1,720$1,202$822$552$365$48
33 years$1,649$1,138$768$508$330$40
34 years$1,583$1,079$717$467$299$34
35 years$1,521$1,023$670$430$271$28
36 years$1,463$971$627$396$246$24
37 years$1,408$923$587$365$223$20
38 years$1,355$877$550$336$202$17
39 years$1,306$834$515$310$183$14
40 years$1,259$793$483$286$166$12
41 years$1,215$755$453$264$151$10
42 years$1,173$719$425$243$137$8
43 years$1,132$685$398$225$124$7
44 years$1,094$653$374$208$113$6
45 years$1,058$623$351$192$102$5
46 years$1,023$594$330$177$93$4
47 years$990$567$310$164$84$3
48 years$958$541$291$151$76$3
49 years$928$517$274$140$69$2
50 years$899$494$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 $921,000, adding $3,146 every year, while hoping to spend $22,893 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: 43/30/27 Blend
64$921,000$921,000$921,000$921,000
65$1,018,187$969,374$955,099$1,053,836
66$1,097,684$992,515$962,736$1,102,787
67$1,184,523$1,016,023$969,863$1,153,375
68$1,279,427$1,039,892$976,437$1,207,745
69$1,383,196$1,064,114$982,414$1,266,263
70$1,496,707$1,088,680$987,750$1,329,328
71$1,620,927$1,113,581$992,396$1,397,383
72$1,756,922$1,138,807$996,301$1,470,914
73$1,905,864$1,164,345$999,413$1,550,459
74$2,069,045$1,190,180$1,001,676$1,636,611
75$2,247,887$1,216,299$1,003,032$1,730,021
76$2,443,956$1,242,682$1,003,419$1,831,410
77$2,658,978$1,269,313$1,002,772$1,941,571
78$2,894,854$1,296,168$1,001,024$2,061,380
79$3,153,675$1,323,227$998,105$2,191,801
80$3,437,748$1,350,463$993,939$2,333,898
81$3,749,612$1,377,849$988,450$2,488,845
82$4,092,064$1,405,356$981,555$2,657,934
83$4,468,186$1,432,950$973,169$2,842,592
84$4,881,373$1,460,596$963,201$3,044,391
85$5,335,364$1,488,256$951,559$3,265,066
86$5,834,278$1,515,888$938,144$3,506,528
87$6,382,656$1,543,447$922,853$3,770,884
88$6,985,496$1,570,885$905,577$4,060,459
89$7,648,307$1,598,150$886,205$4,377,817
90$8,377,160$1,625,185$864,619$4,725,781
91$9,178,741$1,651,929$840,694$5,107,467
92$10,060,416$1,678,318$814,301$5,526,310
93$11,030,304$1,704,281$785,306$5,986,097
94$12,097,349$1,729,744$753,566$6,491,003
95$13,271,403$1,754,626$718,935$7,045,631
96$14,563,324$1,778,841$681,258$7,655,055
97$15,985,076$1,802,297$640,373$8,324,871
98$17,549,840$1,824,896$596,112$9,061,247
99$19,272,140$1,846,532$548,298$9,870,982
100$21,167,979$1,867,093$496,747$10,761,574