Can I retire at age 65 with 928,000?

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 $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%13.5%
1 years$76,633$75,951$75,285$74,635$74,000$72,924
2 years$37,937$37,231$36,546$35,882$35,238$34,157
3 years$25,040$24,331$23,648$22,990$22,357$21,303
4 years$18,593$17,886$17,209$16,563$15,945$14,927
5 years$14,726$14,023$13,355$12,722$12,121$11,142
6 years$12,148$11,450$10,793$10,174$9,591$8,652
7 years$10,308$9,616$8,969$8,364$7,800$6,902
8 years$8,929$8,243$7,606$7,017$6,471$5,613
9 years$7,856$7,177$6,551$5,977$5,449$4,631
10 years$6,999$6,326$5,712$5,152$4,643$3,864
11 years$6,298$5,632$5,028$4,484$3,993$3,253
12 years$5,714$5,055$4,463$3,933$3,460$2,757
13 years$5,220$4,568$3,987$3,472$3,018$2,351
14 years$4,797$4,152$3,582$3,082$2,645$2,014
15 years$4,431$3,793$3,234$2,749$2,329$1,732
16 years$4,111$3,480$2,933$2,461$2,058$1,495
17 years$3,829$3,205$2,668$2,211$1,825$1,294
18 years$3,579$2,962$2,436$1,993$1,623$1,122
19 years$3,355$2,745$2,230$1,801$1,446$976
20 years$3,154$2,551$2,047$1,631$1,292$850
21 years$2,972$2,376$1,882$1,480$1,156$741
22 years$2,807$2,218$1,735$1,346$1,036$647
23 years$2,657$2,074$1,602$1,226$930$566
24 years$2,519$1,943$1,482$1,118$836$495
25 years$2,393$1,824$1,372$1,021$752$434
26 years$2,276$1,714$1,273$933$678$380
27 years$2,168$1,613$1,182$854$611$333
28 years$2,068$1,520$1,099$783$551$292
29 years$1,975$1,434$1,022$718$498$257
30 years$1,889$1,354$952$659$450$226
31 years$1,808$1,280$888$605$407$198
32 years$1,733$1,211$828$556$368$174
33 years$1,662$1,147$773$511$333$153
34 years$1,595$1,087$723$471$301$135
35 years$1,533$1,031$676$433$273$118
36 years$1,474$979$632$399$247$104
37 years$1,418$930$592$368$224$92
38 years$1,366$883$554$339$203$81
39 years$1,316$840$519$312$184$71
40 years$1,269$799$486$288$167$63
41 years$1,224$761$456$266$152$55
42 years$1,181$725$428$245$138$48
43 years$1,141$690$402$226$125$43
44 years$1,103$658$377$209$113$38
45 years$1,066$628$354$193$103$33
46 years$1,031$599$332$178$93$29
47 years$998$571$312$165$85$26
48 years$966$545$293$152$77$23
49 years$935$521$276$141$70$20
50 years$906$497$259$130$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $928,000, adding $5,607 every year, while hoping to spend $51,474 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: 48/30/22 Blend
64$928,000$928,000$928,000$928,000
65$1,028,440$979,256$964,872$1,071,147
66$1,078,573$972,471$942,427$1,094,728
67$1,132,094$963,629$917,505$1,114,712
68$1,189,295$952,574$889,969$1,135,356
69$1,250,495$939,142$859,675$1,156,743
70$1,316,043$923,159$826,472$1,178,971
71$1,386,325$904,439$790,204$1,202,149
72$1,461,761$882,787$750,707$1,226,400
73$1,542,813$857,996$707,808$1,251,865
74$1,629,989$829,847$661,329$1,278,704
75$1,723,846$798,108$611,081$1,307,095
76$1,824,996$762,533$556,870$1,337,239
77$1,934,111$722,862$498,490$1,369,365
78$2,051,929$678,820$435,728$1,403,729
79$2,179,261$630,118$368,360$1,440,616
80$2,316,999$576,447$296,154$1,480,349
81$2,466,123$517,483$218,865$1,523,290
82$2,627,711$452,883$136,241$1,569,843
83$2,802,947$382,284$48,014$1,620,459
84$2,993,134$305,303$0$1,675,646
85$3,199,705$221,534$0$1,746,798
86$3,424,237$130,551$0$1,836,447
87$3,668,463$31,902$0$1,934,087
88$3,934,291$0$0$2,040,574
89$4,223,820$0$0$2,181,585
90$4,539,361$0$0$2,346,835
91$4,883,455$0$0$2,527,136
92$5,258,901$0$0$2,723,967
93$5,668,778$0$0$2,938,956
94$6,116,477$0$0$3,173,893
95$6,605,730$0$0$3,430,752
96$7,140,646$0$0$3,711,704
97$7,725,750$0$0$4,019,140
98$8,366,021$0$0$4,355,692
99$9,066,946$0$0$4,724,261
100$9,834,565$0$0$5,128,039