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%14.2%
1 years$76,716$76,033$75,366$74,715$74,080$72,793
2 years$37,978$37,271$36,585$35,921$35,276$33,983
3 years$25,067$24,357$23,673$23,015$22,381$21,123
4 years$18,613$17,905$17,228$16,581$15,962$14,749
5 years$14,742$14,038$13,370$12,736$12,134$10,969
6 years$12,161$11,463$10,805$10,185$9,601$8,485
7 years$10,319$9,626$8,979$8,374$7,808$6,742
8 years$8,938$8,252$7,615$7,024$6,478$5,461
9 years$7,865$7,185$6,559$5,983$5,455$4,487
10 years$7,006$6,333$5,718$5,158$4,648$3,728
11 years$6,304$5,638$5,034$4,489$3,998$3,124
12 years$5,720$5,060$4,467$3,937$3,464$2,637
13 years$5,226$4,573$3,991$3,476$3,021$2,238
14 years$4,803$4,157$3,586$3,086$2,648$1,908
15 years$4,436$3,797$3,238$2,752$2,332$1,633
16 years$4,116$3,484$2,936$2,464$2,061$1,403
17 years$3,833$3,208$2,671$2,214$1,827$1,208
18 years$3,583$2,965$2,439$1,995$1,625$1,043
19 years$3,359$2,748$2,232$1,803$1,448$902
20 years$3,157$2,553$2,049$1,633$1,293$781
21 years$2,975$2,378$1,884$1,482$1,157$678
22 years$2,810$2,220$1,737$1,347$1,037$589
23 years$2,660$2,076$1,604$1,227$931$512
24 years$2,522$1,945$1,483$1,119$837$445
25 years$2,395$1,826$1,374$1,022$753$388
26 years$2,278$1,716$1,274$934$678$338
27 years$2,171$1,615$1,183$855$612$295
28 years$2,071$1,522$1,100$784$552$257
29 years$1,978$1,435$1,023$719$498$225
30 years$1,891$1,356$953$660$450$196
31 years$1,810$1,282$889$606$407$171
32 years$1,735$1,213$829$557$368$150
33 years$1,664$1,148$774$512$333$131
34 years$1,597$1,088$723$471$302$114
35 years$1,534$1,032$676$434$273$100
36 years$1,475$980$633$399$248$88
37 years$1,420$931$592$368$224$77
38 years$1,367$884$555$339$203$67
39 years$1,317$841$520$313$185$59
40 years$1,270$800$487$288$167$51
41 years$1,225$762$457$266$152$45
42 years$1,183$725$428$246$138$39
43 years$1,142$691$402$227$125$34
44 years$1,104$659$377$209$114$30
45 years$1,067$628$354$193$103$26
46 years$1,032$599$333$179$94$23
47 years$999$572$313$165$85$20
48 years$967$546$294$152$77$18
49 years$936$521$276$141$70$15
50 years$907$498$260$130$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $929,000, adding $3,674 every year, while hoping to spend $44,503 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: 39/41/20 Blend
64$929,000$929,000$929,000$929,000
65$1,027,548$978,311$963,911$1,061,369
66$1,085,007$978,897$948,851$1,086,608
67$1,146,835$978,021$931,796$1,109,377
68$1,213,431$975,563$912,630$1,133,083
69$1,285,233$971,397$891,235$1,157,834
70$1,362,722$965,391$867,486$1,183,754
71$1,446,426$957,402$841,254$1,210,982
72$1,536,927$947,279$812,400$1,239,676
73$1,634,861$934,864$780,784$1,270,011
74$1,740,932$919,987$746,255$1,302,186
75$1,855,911$902,470$708,658$1,336,423
76$1,980,645$882,123$667,830$1,372,973
77$2,116,069$858,744$623,600$1,412,113
78$2,263,207$832,122$575,790$1,454,158
79$2,423,190$802,032$524,215$1,499,457
80$2,597,259$768,235$468,679$1,548,402
81$2,786,780$730,480$408,981$1,601,430
82$2,993,258$688,499$344,908$1,659,029
83$3,218,346$642,011$276,238$1,721,742
84$3,463,866$590,719$202,741$1,790,178
85$3,731,823$534,306$124,175$1,865,012
86$4,024,422$472,440$40,288$1,946,997
87$4,344,093$404,770$0$2,036,972
88$4,693,510$330,923$0$2,146,376
89$5,075,616$250,506$0$2,275,597
90$5,493,653$163,105$0$2,417,245
91$5,951,190$68,282$0$2,572,662
92$6,452,157$0$0$2,743,340
93$7,000,882$0$0$2,946,460
94$7,602,131$0$0$3,202,900
95$8,261,153$0$0$3,484,108
96$8,983,729$0$0$3,792,566
97$9,776,226$0$0$4,131,008
98$10,645,656$0$0$4,502,448
99$11,599,744$0$0$4,910,201
100$12,646,999$0$0$5,357,923