Can I retire at age 65 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$76,633$75,951$75,285$74,635$74,000$72,536
2 years$37,937$37,231$36,546$35,882$35,238$33,769
3 years$25,040$24,331$23,648$22,990$22,357$20,928
4 years$18,593$17,886$17,209$16,563$15,945$14,569
5 years$14,726$14,023$13,355$12,722$12,121$10,801
6 years$12,148$11,450$10,793$10,174$9,591$8,328
7 years$10,308$9,616$8,969$8,364$7,800$6,595
8 years$8,929$8,243$7,606$7,017$6,471$5,323
9 years$7,856$7,177$6,551$5,977$5,449$4,358
10 years$6,999$6,326$5,712$5,152$4,643$3,608
11 years$6,298$5,632$5,028$4,484$3,993$3,012
12 years$5,714$5,055$4,463$3,933$3,460$2,532
13 years$5,220$4,568$3,987$3,472$3,018$2,141
14 years$4,797$4,152$3,582$3,082$2,645$1,818
15 years$4,431$3,793$3,234$2,749$2,329$1,550
16 years$4,111$3,480$2,933$2,461$2,058$1,325
17 years$3,829$3,205$2,668$2,211$1,825$1,136
18 years$3,579$2,962$2,436$1,993$1,623$976
19 years$3,355$2,745$2,230$1,801$1,446$841
20 years$3,154$2,551$2,047$1,631$1,292$725
21 years$2,972$2,376$1,882$1,480$1,156$626
22 years$2,807$2,218$1,735$1,346$1,036$541
23 years$2,657$2,074$1,602$1,226$930$468
24 years$2,519$1,943$1,482$1,118$836$406
25 years$2,393$1,824$1,372$1,021$752$352
26 years$2,276$1,714$1,273$933$678$305
27 years$2,168$1,613$1,182$854$611$265
28 years$2,068$1,520$1,099$783$551$230
29 years$1,975$1,434$1,022$718$498$200
30 years$1,889$1,354$952$659$450$174
31 years$1,808$1,280$888$605$407$151
32 years$1,733$1,211$828$556$368$131
33 years$1,662$1,147$773$511$333$114
34 years$1,595$1,087$723$471$301$99
35 years$1,533$1,031$676$433$273$86
36 years$1,474$979$632$399$247$75
37 years$1,418$930$592$368$224$65
38 years$1,366$883$554$339$203$57
39 years$1,316$840$519$312$184$50
40 years$1,269$799$486$288$167$43
41 years$1,224$761$456$266$152$38
42 years$1,181$725$428$245$138$33
43 years$1,141$690$402$226$125$28
44 years$1,103$658$377$209$113$25
45 years$1,066$628$354$193$103$22
46 years$1,031$599$332$178$93$19
47 years$998$571$312$165$85$16
48 years$966$545$293$152$77$14
49 years$935$521$276$141$70$12
50 years$906$497$259$130$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $928,000, adding $4,538 every year, while hoping to spend $23,318 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: 36/34/30 Blend
64$928,000$928,000$928,000$928,000
65$1,027,337$978,153$963,769$1,054,953
66$1,107,315$1,001,272$971,245$1,099,116
67$1,194,670$1,024,743$978,190$1,144,345
68$1,290,128$1,048,557$984,562$1,192,736
69$1,394,492$1,072,707$990,315$1,244,589
70$1,508,643$1,097,183$995,404$1,300,237
71$1,633,553$1,121,973$999,778$1,360,045
72$1,770,291$1,147,065$1,003,386$1,424,417
73$1,920,034$1,172,446$1,006,173$1,493,800
74$2,084,081$1,198,099$1,008,083$1,568,684
75$2,263,859$1,224,007$1,009,056$1,649,611
76$2,460,941$1,250,152$1,009,028$1,737,179
77$2,677,060$1,276,512$1,007,933$1,832,047
78$2,914,123$1,303,065$1,005,702$1,934,943
79$3,174,233$1,329,785$1,002,263$2,046,670
80$3,459,705$1,356,644$997,538$2,168,111
81$3,773,089$1,383,613$991,449$2,300,244
82$4,117,193$1,410,659$983,912$2,444,145
83$4,495,112$1,437,747$974,839$2,601,002
84$4,910,254$1,464,838$964,137$2,772,126
85$5,366,376$1,491,890$951,711$2,958,961
86$5,867,613$1,518,860$937,460$3,163,102
87$6,418,523$1,545,697$921,279$3,386,306
88$7,024,127$1,572,351$903,056$3,630,512
89$7,689,956$1,598,765$882,677$3,897,860
90$8,422,105$1,624,878$860,020$4,190,708
91$9,227,288$1,650,625$834,959$4,511,658
92$10,112,903$1,675,937$807,361$4,863,578
93$11,087,100$1,700,739$777,089$5,249,632
94$12,158,860$1,724,950$743,997$5,673,310
95$13,338,076$1,748,486$707,933$6,138,460
96$14,635,652$1,771,254$668,741$6,649,325
97$16,063,599$1,793,155$626,254$7,210,584
98$17,635,152$1,814,086$580,300$7,827,397
99$19,364,895$1,833,934$530,698$8,505,455
100$21,268,898$1,852,580$477,259$9,251,030