Can I retire at age 65 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,799$76,114$75,447$74,796$74,160$73,692
2 years$38,019$37,311$36,625$35,959$35,314$34,843
3 years$25,094$24,383$23,699$23,040$22,405$21,944
4 years$18,633$17,924$17,247$16,599$15,979$15,532
5 years$14,757$14,053$13,384$12,749$12,147$11,716
6 years$12,175$11,475$10,816$10,196$9,612$9,196
7 years$10,330$9,637$8,988$8,383$7,817$7,417
8 years$8,948$8,261$7,623$7,032$6,485$6,102
9 years$7,873$7,192$6,566$5,990$5,461$5,094
10 years$7,014$6,340$5,724$5,163$4,653$4,302
11 years$6,311$5,644$5,039$4,493$4,002$3,666
12 years$5,726$5,066$4,472$3,941$3,468$3,148
13 years$5,231$4,578$3,996$3,480$3,024$2,719
14 years$4,808$4,161$3,590$3,089$2,651$2,360
15 years$4,441$3,801$3,241$2,755$2,334$2,058
16 years$4,120$3,488$2,939$2,467$2,063$1,800
17 years$3,838$3,212$2,674$2,216$1,829$1,580
18 years$3,587$2,968$2,441$1,997$1,626$1,390
19 years$3,362$2,751$2,235$1,805$1,450$1,226
20 years$3,161$2,556$2,051$1,634$1,295$1,084
21 years$2,979$2,381$1,887$1,483$1,159$959
22 years$2,813$2,222$1,739$1,349$1,039$850
23 years$2,662$2,079$1,605$1,228$932$755
24 years$2,524$1,948$1,485$1,120$838$671
25 years$2,398$1,828$1,375$1,023$754$597
26 years$2,281$1,718$1,275$935$679$531
27 years$2,173$1,617$1,184$856$612$473
28 years$2,073$1,523$1,101$785$553$422
29 years$1,980$1,437$1,025$719$499$377
30 years$1,893$1,357$954$660$451$336
31 years$1,812$1,283$890$606$408$300
32 years$1,736$1,214$830$557$369$268
33 years$1,665$1,150$775$512$334$240
34 years$1,599$1,090$724$472$302$215
35 years$1,536$1,033$677$434$274$192
36 years$1,477$981$633$400$248$172
37 years$1,421$932$593$368$225$154
38 years$1,369$885$555$339$204$138
39 years$1,319$842$520$313$185$123
40 years$1,271$801$488$289$168$110
41 years$1,227$762$457$266$152$99
42 years$1,184$726$429$246$138$89
43 years$1,144$692$402$227$125$79
44 years$1,105$659$378$210$114$71
45 years$1,068$629$355$194$103$64
46 years$1,033$600$333$179$94$57
47 years$1,000$573$313$165$85$51
48 years$968$547$294$153$77$46
49 years$937$522$276$141$70$41
50 years$908$499$260$130$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $930,000, adding $3,152 every year, while hoping to spend $47,301 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: 42/44/14 Blend
64$930,000$930,000$930,000$930,000
65$1,028,111$978,821$964,406$1,066,951
66$1,082,651$976,456$946,386$1,092,197
67$1,141,168$972,389$926,177$1,114,589
68$1,204,019$966,487$903,655$1,137,809
69$1,271,593$958,610$878,692$1,161,954
70$1,344,320$948,607$851,153$1,187,134
71$1,422,671$936,318$820,897$1,213,472
72$1,507,163$921,577$787,776$1,241,110
73$1,598,362$904,203$751,636$1,270,205
74$1,696,895$884,009$712,315$1,300,935
75$1,803,446$860,793$669,645$1,333,502
76$1,918,770$834,344$623,451$1,368,132
77$2,043,694$804,437$573,546$1,405,077
78$2,179,132$770,835$519,741$1,444,622
79$2,326,083$733,286$461,832$1,487,086
80$2,485,651$691,525$399,611$1,532,827
81$2,659,048$645,270$332,859$1,582,243
82$2,847,607$594,224$261,345$1,635,782
83$3,052,795$538,073$184,833$1,693,943
84$3,276,226$476,485$103,071$1,757,285
85$3,519,677$409,108$15,799$1,826,429
86$3,785,102$335,572$0$1,902,071
87$4,074,652$255,485$0$1,996,536
88$4,390,696$168,433$0$2,102,404
89$4,735,840$73,979$0$2,218,317
90$5,112,953$0$0$2,345,390
91$5,525,194$0$0$2,498,580
92$5,976,042$0$0$2,705,401
93$6,469,325$0$0$2,931,805
94$7,009,261$0$0$3,179,742
95$7,600,493$0$0$3,451,358
96$8,248,132$0$0$3,749,018
97$8,957,812$0$0$4,075,327
98$9,735,732$0$0$4,433,153
99$10,588,724$0$0$4,825,654
100$11,524,309$0$0$5,256,310