Can I retire at age 65 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$76,716$76,033$75,366$74,715$74,080$73,675
2 years$37,978$37,271$36,585$35,921$35,276$34,867
3 years$25,067$24,357$23,673$23,015$22,381$21,981
4 years$18,613$17,905$17,228$16,581$15,962$15,574
5 years$14,742$14,038$13,370$12,736$12,134$11,760
6 years$12,161$11,463$10,805$10,185$9,601$9,240
7 years$10,319$9,626$8,979$8,374$7,808$7,462
8 years$8,938$8,252$7,615$7,024$6,478$6,145
9 years$7,865$7,185$6,559$5,983$5,455$5,136
10 years$7,006$6,333$5,718$5,158$4,648$4,343
11 years$6,304$5,638$5,034$4,489$3,998$3,705
12 years$5,720$5,060$4,467$3,937$3,464$3,185
13 years$5,226$4,573$3,991$3,476$3,021$2,755
14 years$4,803$4,157$3,586$3,086$2,648$2,395
15 years$4,436$3,797$3,238$2,752$2,332$2,091
16 years$4,116$3,484$2,936$2,464$2,061$1,832
17 years$3,833$3,208$2,671$2,214$1,827$1,610
18 years$3,583$2,965$2,439$1,995$1,625$1,418
19 years$3,359$2,748$2,232$1,803$1,448$1,253
20 years$3,157$2,553$2,049$1,633$1,293$1,109
21 years$2,975$2,378$1,884$1,482$1,157$983
22 years$2,810$2,220$1,737$1,347$1,037$873
23 years$2,660$2,076$1,604$1,227$931$776
24 years$2,522$1,945$1,483$1,119$837$690
25 years$2,395$1,826$1,374$1,022$753$615
26 years$2,278$1,716$1,274$934$678$549
27 years$2,171$1,615$1,183$855$612$490
28 years$2,071$1,522$1,100$784$552$437
29 years$1,978$1,435$1,023$719$498$391
30 years$1,891$1,356$953$660$450$349
31 years$1,810$1,282$889$606$407$313
32 years$1,735$1,213$829$557$368$280
33 years$1,664$1,148$774$512$333$251
34 years$1,597$1,088$723$471$302$224
35 years$1,534$1,032$676$434$273$201
36 years$1,475$980$633$399$248$180
37 years$1,420$931$592$368$224$162
38 years$1,367$884$555$339$203$145
39 years$1,317$841$520$313$185$130
40 years$1,270$800$487$288$167$117
41 years$1,225$762$457$266$152$105
42 years$1,183$725$428$246$138$94
43 years$1,142$691$402$227$125$84
44 years$1,104$659$377$209$114$76
45 years$1,067$628$354$193$103$68
46 years$1,032$599$333$179$94$61
47 years$999$572$313$165$85$55
48 years$967$546$294$152$77$49
49 years$936$521$276$141$70$44
50 years$907$498$260$130$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $929,000, adding $5,016 every year, while hoping to spend $30,568 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: 27/48/25 Blend
64$929,000$929,000$929,000$929,000
65$1,028,932$979,695$965,296$1,048,545
66$1,101,359$995,176$965,109$1,080,082
67$1,180,149$1,010,391$963,891$1,110,933
68$1,265,919$1,025,295$961,576$1,143,422
69$1,359,347$1,039,839$958,094$1,177,709
70$1,461,180$1,053,971$953,370$1,213,970
71$1,572,241$1,067,636$947,328$1,252,404
72$1,693,434$1,080,774$939,887$1,293,227
73$1,825,754$1,093,322$930,964$1,336,684
74$1,970,298$1,105,211$920,468$1,383,042
75$2,128,272$1,116,371$908,307$1,432,600
76$2,301,005$1,126,722$894,385$1,485,691
77$2,489,960$1,136,184$878,600$1,542,682
78$2,696,748$1,144,669$860,844$1,603,979
79$2,923,141$1,152,083$841,008$1,670,036
80$3,171,093$1,158,326$818,973$1,741,354
81$3,442,755$1,163,295$794,619$1,818,487
82$3,740,495$1,166,875$767,818$1,902,052
83$4,066,922$1,168,948$738,436$1,992,729
84$4,424,908$1,169,387$706,333$2,091,274
85$4,817,618$1,168,057$671,366$2,198,523
86$5,248,538$1,164,814$633,379$2,315,401
87$5,721,507$1,159,508$592,215$2,442,934
88$6,240,754$1,151,977$547,708$2,582,256
89$6,810,937$1,142,050$499,682$2,734,621
90$7,437,188$1,129,546$447,956$2,901,420
91$8,125,159$1,114,272$392,342$3,084,187
92$8,881,080$1,096,025$332,639$3,284,622
93$9,711,809$1,074,590$268,642$3,504,606
94$10,624,906$1,049,737$200,134$3,746,215
95$11,628,698$1,021,225$126,889$4,011,747
96$12,732,357$988,798$48,673$4,303,742
97$13,945,993$952,184$0$4,625,009
98$15,280,739$911,096$0$4,987,930
99$16,748,866$865,231$0$5,401,113
100$18,363,891$814,268$0$5,855,419