Can I retire at age 65 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$76,964$76,278$75,609$74,956$74,319$73,944
2 years$38,101$37,391$36,704$36,037$35,390$35,011
3 years$25,148$24,436$23,750$23,089$22,453$22,082
4 years$18,673$17,963$17,284$16,634$16,014$15,654
5 years$14,789$14,083$13,413$12,777$12,173$11,826
6 years$12,201$11,500$10,840$10,218$9,632$9,298
7 years$10,353$9,658$9,008$8,401$7,834$7,512
8 years$8,967$8,278$7,639$7,047$6,499$6,190
9 years$7,890$7,208$6,580$6,002$5,473$5,177
10 years$7,029$6,353$5,736$5,174$4,663$4,380
11 years$6,325$5,656$5,050$4,503$4,010$3,739
12 years$5,738$5,076$4,482$3,950$3,475$3,216
13 years$5,243$4,588$4,004$3,487$3,031$2,784
14 years$4,818$4,170$3,598$3,095$2,657$2,421
15 years$4,450$3,809$3,248$2,761$2,339$2,115
16 years$4,129$3,495$2,945$2,472$2,067$1,854
17 years$3,846$3,219$2,680$2,221$1,833$1,631
18 years$3,594$2,974$2,446$2,001$1,630$1,438
19 years$3,370$2,757$2,240$1,809$1,453$1,271
20 years$3,168$2,562$2,055$1,638$1,298$1,126
21 years$2,985$2,386$1,891$1,487$1,161$999
22 years$2,819$2,227$1,742$1,352$1,041$887
23 years$2,668$2,083$1,609$1,231$934$789
24 years$2,530$1,952$1,488$1,123$840$703
25 years$2,403$1,832$1,378$1,025$756$627
26 years$2,286$1,721$1,278$937$681$559
27 years$2,178$1,620$1,187$858$614$500
28 years$2,077$1,527$1,103$786$554$447
29 years$1,984$1,440$1,027$721$500$400
30 years$1,897$1,360$956$662$452$358
31 years$1,816$1,286$892$608$408$320
32 years$1,740$1,217$832$558$369$287
33 years$1,669$1,152$777$514$334$257
34 years$1,602$1,092$726$473$303$230
35 years$1,539$1,036$679$435$274$207
36 years$1,480$983$635$401$248$185
37 years$1,424$934$594$369$225$166
38 years$1,372$887$556$340$204$149
39 years$1,322$844$521$314$185$134
40 years$1,274$803$489$289$168$120
41 years$1,229$764$458$267$152$108
42 years$1,187$728$430$246$138$97
43 years$1,146$693$403$227$125$87
44 years$1,107$661$379$210$114$78
45 years$1,071$630$355$194$103$70
46 years$1,035$601$334$179$94$63
47 years$1,002$574$314$166$85$57
48 years$970$548$295$153$77$51
49 years$939$523$277$141$70$46
50 years$910$500$260$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $932,000, adding $5,535 every year, while hoping to spend $52,171 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: 54/29/17 Blend
64$932,000$932,000$932,000$932,000
65$1,032,773$983,377$968,931$1,083,544
66$1,082,607$976,053$945,881$1,111,512
67$1,135,774$966,622$920,310$1,135,920
68$1,192,562$954,925$892,079$1,161,330
69$1,253,281$940,794$861,041$1,187,850
70$1,318,274$924,051$827,045$1,215,604
71$1,387,918$904,509$789,930$1,244,730
72$1,462,623$881,968$749,530$1,275,383
73$1,542,841$856,215$705,671$1,307,738
74$1,629,070$827,029$658,169$1,341,989
75$1,721,853$794,171$606,836$1,378,356
76$1,821,788$757,391$551,471$1,417,082
77$1,929,533$716,425$491,867$1,458,443
78$2,045,807$670,993$427,807$1,502,744
79$2,171,405$620,797$359,064$1,550,328
80$2,307,197$565,525$285,402$1,601,574
81$2,454,141$504,845$206,572$1,656,910
82$2,613,288$438,407$122,317$1,716,811
83$2,785,797$365,842$32,368$1,781,804
84$2,972,938$286,759$0$1,852,479
85$3,176,113$200,745$0$1,941,032
86$3,396,859$107,364$0$2,043,669
87$3,636,870$6,157$0$2,155,379
88$3,898,009$0$0$2,277,122
89$4,182,324$0$0$2,442,947
90$4,492,071$0$0$2,625,826
91$4,829,731$0$0$2,825,271
92$5,198,036$0$0$3,042,904
93$5,599,992$0$0$3,280,514
94$6,038,907$0$0$3,540,069
95$6,518,425$0$0$3,823,733
96$7,042,556$0$0$4,133,892
97$7,615,714$0$0$4,473,172
98$8,242,761$0$0$4,844,463
99$8,929,050$0$0$5,250,950
100$9,680,474$0$0$5,696,137