Can I retire at age 65 with 930,000?

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 $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%14.6%
1 years$76,799$76,114$75,447$74,796$74,160$72,751
2 years$38,019$37,311$36,625$35,959$35,314$33,901
3 years$25,094$24,383$23,699$23,040$22,405$21,031
4 years$18,633$17,924$17,247$16,599$15,979$14,655
5 years$14,757$14,053$13,384$12,749$12,147$10,876
6 years$12,175$11,475$10,816$10,196$9,612$8,395
7 years$10,330$9,637$8,988$8,383$7,817$6,656
8 years$8,948$8,261$7,623$7,032$6,485$5,378
9 years$7,873$7,192$6,566$5,990$5,461$4,409
10 years$7,014$6,340$5,724$5,163$4,653$3,654
11 years$6,311$5,644$5,039$4,493$4,002$3,054
12 years$5,726$5,066$4,472$3,941$3,468$2,571
13 years$5,231$4,578$3,996$3,480$3,024$2,176
14 years$4,808$4,161$3,590$3,089$2,651$1,851
15 years$4,441$3,801$3,241$2,755$2,334$1,580
16 years$4,120$3,488$2,939$2,467$2,063$1,353
17 years$3,838$3,212$2,674$2,216$1,829$1,162
18 years$3,587$2,968$2,441$1,997$1,626$1,000
19 years$3,362$2,751$2,235$1,805$1,450$862
20 years$3,161$2,556$2,051$1,634$1,295$745
21 years$2,979$2,381$1,887$1,483$1,159$644
22 years$2,813$2,222$1,739$1,349$1,039$558
23 years$2,662$2,079$1,605$1,228$932$483
24 years$2,524$1,948$1,485$1,120$838$419
25 years$2,398$1,828$1,375$1,023$754$364
26 years$2,281$1,718$1,275$935$679$316
27 years$2,173$1,617$1,184$856$612$275
28 years$2,073$1,523$1,101$785$553$239
29 years$1,980$1,437$1,025$719$499$208
30 years$1,893$1,357$954$660$451$181
31 years$1,812$1,283$890$606$408$158
32 years$1,736$1,214$830$557$369$137
33 years$1,665$1,150$775$512$334$120
34 years$1,599$1,090$724$472$302$104
35 years$1,536$1,033$677$434$274$91
36 years$1,477$981$633$400$248$79
37 years$1,421$932$593$368$225$69
38 years$1,369$885$555$339$204$60
39 years$1,319$842$520$313$185$52
40 years$1,271$801$488$289$168$46
41 years$1,227$762$457$266$152$40
42 years$1,184$726$429$246$138$35
43 years$1,144$692$402$227$125$30
44 years$1,105$659$378$210$114$26
45 years$1,068$629$355$194$103$23
46 years$1,033$600$333$179$94$20
47 years$1,000$573$313$165$85$18
48 years$968$547$294$153$77$15
49 years$937$522$276$141$70$13
50 years$908$499$260$130$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $930,000, adding $4,469 every year, while hoping to spend $49,960 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: 50/42/8 Blend
64$930,000$930,000$930,000$930,000
65$1,029,470$980,180$965,765$1,078,593
66$1,081,319$975,052$944,961$1,107,472
67$1,136,782$967,998$921,786$1,133,132
68$1,196,175$958,871$896,107$1,159,842
69$1,259,844$947,515$867,786$1,187,711
70$1,328,170$933,765$836,679$1,216,866
71$1,401,570$917,446$802,634$1,247,445
72$1,480,501$898,372$765,493$1,279,607
73$1,565,467$876,347$725,091$1,313,528
74$1,657,018$851,161$681,256$1,349,407
75$1,755,761$822,596$633,805$1,387,465
76$1,862,363$790,417$582,552$1,427,952
77$1,977,555$754,379$527,298$1,471,146
78$2,102,141$714,219$467,838$1,517,358
79$2,237,006$669,662$403,957$1,566,937
80$2,383,121$620,415$335,430$1,620,269
81$2,541,555$566,171$262,022$1,677,790
82$2,713,482$506,602$183,489$1,739,982
83$2,900,196$441,365$99,575$1,807,385
84$3,103,118$370,093$10,012$1,880,600
85$3,323,812$292,404$0$1,960,296
86$3,563,997$207,888$0$2,054,522
87$3,825,569$116,119$0$2,158,189
88$4,110,609$16,640$0$2,271,391
89$4,421,410$0$0$2,395,179
90$4,760,496$0$0$2,572,791
91$5,130,643$0$0$2,775,160
92$5,534,910$0$0$2,996,278
93$5,976,662$0$0$3,238,000
94$6,459,604$0$0$3,502,364
95$6,987,816$0$0$3,791,617
96$7,565,789$0$0$4,108,232
97$8,198,470$0$0$4,454,933
98$8,891,305$0$0$4,834,719
99$9,650,292$0$0$5,250,892
100$10,482,036$0$0$5,707,091