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%16.3%
1 years$76,799$76,114$75,447$74,796$74,160$72,249
2 years$38,019$37,311$36,625$35,959$35,314$33,402
3 years$25,094$24,383$23,699$23,040$22,405$20,551
4 years$18,633$17,924$17,247$16,599$15,979$14,198
5 years$14,757$14,053$13,384$12,749$12,147$10,444
6 years$12,175$11,475$10,816$10,196$9,612$7,987
7 years$10,330$9,637$8,988$8,383$7,817$6,272
8 years$8,948$8,261$7,623$7,032$6,485$5,018
9 years$7,873$7,192$6,566$5,990$5,461$4,072
10 years$7,014$6,340$5,724$5,163$4,653$3,339
11 years$6,311$5,644$5,039$4,493$4,002$2,761
12 years$5,726$5,066$4,472$3,941$3,468$2,299
13 years$5,231$4,578$3,996$3,480$3,024$1,924
14 years$4,808$4,161$3,590$3,089$2,651$1,617
15 years$4,441$3,801$3,241$2,755$2,334$1,364
16 years$4,120$3,488$2,939$2,467$2,063$1,154
17 years$3,838$3,212$2,674$2,216$1,829$979
18 years$3,587$2,968$2,441$1,997$1,626$832
19 years$3,362$2,751$2,235$1,805$1,450$709
20 years$3,161$2,556$2,051$1,634$1,295$604
21 years$2,979$2,381$1,887$1,483$1,159$516
22 years$2,813$2,222$1,739$1,349$1,039$441
23 years$2,662$2,079$1,605$1,228$932$377
24 years$2,524$1,948$1,485$1,120$838$323
25 years$2,398$1,828$1,375$1,023$754$276
26 years$2,281$1,718$1,275$935$679$237
27 years$2,173$1,617$1,184$856$612$203
28 years$2,073$1,523$1,101$785$553$174
29 years$1,980$1,437$1,025$719$499$150
30 years$1,893$1,357$954$660$451$128
31 years$1,812$1,283$890$606$408$110
32 years$1,736$1,214$830$557$369$95
33 years$1,665$1,150$775$512$334$81
34 years$1,599$1,090$724$472$302$70
35 years$1,536$1,033$677$434$274$60
36 years$1,477$981$633$400$248$52
37 years$1,421$932$593$368$225$44
38 years$1,369$885$555$339$204$38
39 years$1,319$842$520$313$185$33
40 years$1,271$801$488$289$168$28
41 years$1,227$762$457$266$152$24
42 years$1,184$726$429$246$138$21
43 years$1,144$692$402$227$125$18
44 years$1,105$659$378$210$114$15
45 years$1,068$629$355$194$103$13
46 years$1,033$600$333$179$94$11
47 years$1,000$573$313$165$85$10
48 years$968$547$294$153$77$8
49 years$937$522$276$141$70$7
50 years$908$499$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $930,000, adding $4,466 every year, while hoping to spend $50,598 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: 62/26/12 Blend
64$930,000$930,000$930,000$930,000
65$1,029,467$980,177$965,762$1,090,111
66$1,080,636$974,369$944,279$1,125,500
67$1,135,330$966,582$920,380$1,157,916
68$1,193,852$956,663$893,932$1,192,056
69$1,256,540$944,455$864,794$1,228,087
70$1,323,760$929,786$832,818$1,266,198
71$1,395,918$912,480$797,851$1,306,595
72$1,473,455$892,344$759,732$1,349,511
73$1,556,858$869,180$718,294$1,395,202
74$1,646,661$842,774$673,361$1,443,953
75$1,743,451$812,900$624,748$1,496,081
76$1,847,871$779,320$572,266$1,551,937
77$1,960,630$741,783$515,713$1,611,912
78$2,082,505$700,021$454,880$1,676,438
79$2,214,351$653,753$389,549$1,745,995
80$2,357,107$602,679$319,491$1,821,116
81$2,511,807$546,485$244,468$1,902,392
82$2,679,585$484,836$164,232$1,990,476
83$2,861,691$417,382$78,523$2,086,094
84$3,059,499$343,749$0$2,190,049
85$3,274,520$263,545$0$2,304,890
86$3,508,416$176,353$0$2,440,782
87$3,763,016$81,736$0$2,588,790
88$4,040,332$0$0$2,750,163
89$4,342,580$0$0$2,932,223
90$4,672,196$0$0$3,156,334
91$5,031,863$0$0$3,400,942
92$5,424,534$0$0$3,668,064
93$5,853,460$0$0$3,959,920
94$6,322,217$0$0$4,278,953
95$6,834,747$0$0$4,627,854
96$7,395,386$0$0$5,009,584
97$8,008,911$0$0$5,427,407
98$8,680,579$0$0$5,884,913
99$9,416,183$0$0$6,386,057
100$10,222,099$0$0$6,935,196