Can I retire at age 65 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$76,303$75,623$74,960$74,313$73,681$72,730
2 years$37,774$37,070$36,388$35,727$35,086$34,130
3 years$24,932$24,226$23,546$22,891$22,260$21,327
4 years$18,513$17,809$17,135$16,492$15,876$14,975
5 years$14,662$13,962$13,298$12,667$12,069$11,201
6 years$12,096$11,401$10,747$10,130$9,550$8,717
7 years$10,264$9,575$8,930$8,328$7,766$6,969
8 years$8,890$8,207$7,574$6,987$6,443$5,680
9 years$7,822$7,146$6,523$5,951$5,426$4,698
10 years$6,968$6,299$5,687$5,130$4,623$3,929
11 years$6,270$5,607$5,007$4,464$3,976$3,316
12 years$5,689$5,033$4,443$3,916$3,446$2,818
13 years$5,198$4,548$3,970$3,457$3,005$2,409
14 years$4,777$4,134$3,567$3,069$2,634$2,070
15 years$4,412$3,777$3,221$2,737$2,319$1,785
16 years$4,094$3,465$2,920$2,451$2,050$1,545
17 years$3,813$3,191$2,657$2,202$1,817$1,341
18 years$3,564$2,949$2,425$1,984$1,616$1,166
19 years$3,341$2,733$2,220$1,793$1,440$1,017
20 years$3,140$2,540$2,038$1,624$1,286$888
21 years$2,959$2,366$1,874$1,474$1,151$777
22 years$2,795$2,208$1,728$1,340$1,032$680
23 years$2,645$2,065$1,595$1,220$926$597
24 years$2,508$1,935$1,475$1,113$833$524
25 years$2,382$1,816$1,366$1,017$749$460
26 years$2,266$1,707$1,267$929$675$405
27 years$2,159$1,606$1,177$851$608$356
28 years$2,059$1,513$1,094$779$549$313
29 years$1,967$1,428$1,018$715$496$276
30 years$1,881$1,348$948$656$448$243
31 years$1,800$1,275$884$602$405$214
32 years$1,725$1,206$825$554$366$189
33 years$1,655$1,142$770$509$332$167
34 years$1,589$1,083$720$468$300$147
35 years$1,526$1,027$673$431$272$130
36 years$1,468$975$629$397$246$115
37 years$1,412$926$589$366$223$101
38 years$1,360$880$552$337$202$89
39 years$1,310$836$517$311$184$79
40 years$1,263$796$484$287$166$70
41 years$1,219$758$454$265$151$62
42 years$1,176$721$426$244$137$54
43 years$1,136$687$400$225$124$48
44 years$1,098$655$375$208$113$43
45 years$1,061$625$352$192$102$38
46 years$1,027$596$331$178$93$33
47 years$993$569$311$164$84$29
48 years$962$543$292$152$77$26
49 years$931$519$275$140$70$23
50 years$902$495$258$130$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $924,000, adding $5,603 every year, while hoping to spend $28,638 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: 69/22/9 Blend
64$924,000$924,000$924,000$924,000
65$1,024,027$975,055$960,733$1,092,549
66$1,098,008$992,363$962,447$1,156,007
67$1,178,574$1,009,558$963,259$1,221,393
68$1,266,368$1,026,606$963,108$1,292,154
69$1,362,096$1,043,468$961,930$1,368,811
70$1,466,535$1,060,102$959,660$1,451,940
71$1,580,539$1,076,466$956,226$1,542,176
72$1,705,052$1,092,510$951,557$1,640,215
73$1,841,108$1,108,184$945,576$1,746,828
74$1,989,850$1,123,434$938,201$1,862,862
75$2,152,533$1,138,201$929,350$1,989,252
76$2,330,542$1,152,423$918,933$2,127,025
77$2,525,398$1,166,032$906,858$2,277,318
78$2,738,779$1,178,959$893,029$2,441,379
79$2,972,533$1,191,126$877,343$2,620,587
80$3,228,693$1,202,453$859,696$2,816,460
81$3,509,500$1,212,853$839,976$3,030,670
82$3,817,421$1,222,235$818,067$3,265,063
83$4,155,173$1,230,500$793,848$3,521,670
84$4,525,750$1,237,543$767,190$3,802,732
85$4,932,448$1,243,254$737,963$4,110,718
86$5,378,899$1,247,515$706,026$4,448,349
87$5,869,103$1,250,200$671,235$4,818,624
88$6,407,467$1,251,176$633,437$5,224,850
89$6,998,846$1,250,300$592,474$5,670,670
90$7,648,586$1,247,423$548,179$6,160,100
91$8,362,579$1,242,384$500,381$6,697,568
92$9,147,316$1,235,014$448,897$7,287,951
93$10,009,946$1,225,133$393,539$7,936,629
94$10,958,346$1,212,551$334,108$8,649,529
95$12,001,196$1,197,065$270,400$9,433,184
96$13,148,058$1,178,460$202,198$10,294,796
97$14,409,465$1,156,511$129,277$11,242,302
98$15,797,026$1,130,975$51,403$12,284,450
99$17,323,529$1,101,599$0$13,430,883
100$19,003,063$1,068,112$0$14,695,275