Can I retire at age 65 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$76,386$75,705$75,041$74,393$73,761$72,360
2 years$37,815$37,110$36,428$35,766$35,124$33,719
3 years$24,959$24,252$23,571$22,916$22,284$20,918
4 years$18,533$17,828$17,154$16,509$15,893$14,576
5 years$14,678$13,977$13,312$12,681$12,082$10,818
6 years$12,109$11,413$10,758$10,141$9,560$8,350
7 years$10,275$9,585$8,940$8,337$7,775$6,620
8 years$8,900$8,216$7,582$6,994$6,450$5,349
9 years$7,831$7,154$6,530$5,957$5,432$4,385
10 years$6,976$6,306$5,693$5,135$4,628$3,634
11 years$6,277$5,613$5,012$4,469$3,980$3,038
12 years$5,695$5,038$4,448$3,920$3,449$2,557
13 years$5,203$4,553$3,974$3,461$3,008$2,165
14 years$4,782$4,139$3,571$3,072$2,637$1,841
15 years$4,417$3,781$3,224$2,740$2,322$1,571
16 years$4,098$3,469$2,923$2,453$2,052$1,346
17 years$3,817$3,195$2,660$2,204$1,819$1,156
18 years$3,567$2,952$2,428$1,986$1,618$994
19 years$3,344$2,736$2,223$1,795$1,442$858
20 years$3,144$2,542$2,040$1,626$1,288$741
21 years$2,963$2,368$1,876$1,475$1,152$641
22 years$2,798$2,211$1,729$1,341$1,033$555
23 years$2,648$2,067$1,597$1,222$927$481
24 years$2,511$1,937$1,477$1,114$833$417
25 years$2,385$1,818$1,368$1,018$750$362
26 years$2,269$1,708$1,269$930$676$315
27 years$2,161$1,608$1,178$852$609$274
28 years$2,062$1,515$1,095$780$550$238
29 years$1,969$1,429$1,019$716$496$207
30 years$1,883$1,350$949$657$448$180
31 years$1,802$1,276$885$603$405$157
32 years$1,727$1,207$826$554$367$137
33 years$1,657$1,143$771$510$332$119
34 years$1,590$1,084$720$469$300$104
35 years$1,528$1,028$673$432$272$90
36 years$1,469$976$630$398$247$79
37 years$1,414$927$590$366$223$69
38 years$1,361$881$552$338$203$60
39 years$1,312$837$517$311$184$52
40 years$1,265$797$485$287$167$46
41 years$1,220$758$455$265$151$40
42 years$1,178$722$426$245$137$35
43 years$1,137$688$400$226$125$30
44 years$1,099$656$376$208$113$26
45 years$1,062$626$353$192$103$23
46 years$1,028$597$331$178$93$20
47 years$994$569$311$164$85$17
48 years$963$544$292$152$77$15
49 years$932$519$275$140$70$13
50 years$903$496$258$130$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $925,000, adding $2,335 every year, while hoping to spend $36,694 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: 50/27/23 Blend
64$925,000$925,000$925,000$925,000
65$1,021,759$972,734$958,396$1,066,139
66$1,086,936$981,355$951,460$1,105,826
67$1,157,531$989,170$943,062$1,145,030
68$1,234,059$996,099$933,114$1,186,886
69$1,317,084$1,002,058$921,524$1,231,660
70$1,407,228$1,006,960$908,197$1,279,646
71$1,505,174$1,010,710$893,030$1,331,172
72$1,611,674$1,013,208$875,920$1,386,597
73$1,727,557$1,014,347$856,754$1,446,321
74$1,853,731$1,014,013$835,419$1,510,787
75$1,991,199$1,012,087$811,793$1,580,484
76$2,141,062$1,008,441$785,750$1,655,952
77$2,304,535$1,002,939$757,157$1,737,792
78$2,482,953$995,438$725,876$1,826,664
79$2,677,784$985,784$691,763$1,923,301
80$2,890,648$973,818$654,667$2,028,514
81$3,123,325$959,366$614,430$2,143,198
82$3,377,777$942,248$570,886$2,268,344
83$3,656,164$922,271$523,864$2,405,044
84$3,960,862$899,232$473,182$2,554,510
85$4,294,489$872,914$418,654$2,718,078
86$4,659,930$843,090$360,082$2,897,226
87$5,060,360$809,517$297,261$3,093,585
88$5,499,274$771,941$229,977$3,308,960
89$5,980,524$730,091$158,005$3,545,342
90$6,508,352$683,680$81,113$3,804,933
91$7,087,430$632,406$0$4,090,164
92$7,722,903$575,949$0$4,403,950
93$8,420,439$513,971$0$4,770,282
94$9,186,284$446,115$0$5,172,572
95$10,027,313$372,004$0$5,614,503
96$10,951,105$291,237$0$6,100,136
97$11,966,005$203,395$0$6,633,949
98$13,081,208$108,032$0$7,220,883
99$14,306,845$4,679$0$7,866,386
100$15,654,073$0$0$8,576,465