Can I retire at age 65 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$77,046$76,360$75,690$75,037$74,399$73,561
2 years$38,142$37,431$36,743$36,075$35,428$34,584
3 years$25,175$24,462$23,775$23,114$22,477$21,654
4 years$18,693$17,982$17,302$16,652$16,031$15,234
5 years$14,805$14,098$13,427$12,791$12,186$11,419
6 years$12,214$11,512$10,851$10,229$9,643$8,906
7 years$10,364$9,668$9,017$8,410$7,842$7,136
8 years$8,977$8,287$7,647$7,055$6,506$5,830
9 years$7,898$7,215$6,587$6,009$5,479$4,833
10 years$7,036$6,360$5,742$5,180$4,668$4,052
11 years$6,332$5,662$5,056$4,508$4,015$3,428
12 years$5,745$5,082$4,487$3,954$3,479$2,921
13 years$5,248$4,593$4,009$3,491$3,034$2,504
14 years$4,823$4,175$3,602$3,099$2,659$2,156
15 years$4,455$3,814$3,252$2,764$2,342$1,865
16 years$4,134$3,499$2,948$2,474$2,070$1,618
17 years$3,850$3,222$2,683$2,223$1,835$1,408
18 years$3,598$2,978$2,449$2,004$1,632$1,229
19 years$3,373$2,760$2,242$1,810$1,454$1,074
20 years$3,171$2,564$2,058$1,640$1,299$941
21 years$2,988$2,389$1,893$1,488$1,162$826
22 years$2,822$2,230$1,744$1,353$1,042$725
23 years$2,671$2,085$1,611$1,232$935$638
24 years$2,533$1,954$1,490$1,124$841$562
25 years$2,405$1,834$1,380$1,026$756$495
26 years$2,288$1,723$1,279$938$681$437
27 years$2,180$1,622$1,188$859$614$386
28 years$2,079$1,528$1,105$787$554$341
29 years$1,986$1,442$1,028$722$501$301
30 years$1,899$1,362$957$662$452$266
31 years$1,818$1,287$893$608$409$235
32 years$1,742$1,218$833$559$370$208
33 years$1,671$1,153$778$514$335$184
34 years$1,604$1,093$727$473$303$163
35 years$1,541$1,037$679$435$275$144
36 years$1,482$984$635$401$249$128
37 years$1,426$935$595$370$225$113
38 years$1,373$888$557$341$204$100
39 years$1,323$845$522$314$185$89
40 years$1,276$804$489$290$168$79
41 years$1,231$765$459$267$153$70
42 years$1,188$728$430$247$138$62
43 years$1,147$694$404$228$126$55
44 years$1,109$662$379$210$114$49
45 years$1,072$631$356$194$103$43
46 years$1,037$602$334$179$94$38
47 years$1,003$574$314$166$85$34
48 years$971$548$295$153$77$30
49 years$940$524$277$141$70$27
50 years$911$500$261$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $933,000, adding $2,943 every year, while hoping to spend $30,948 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: 57/22/21 Blend
64$933,000$933,000$933,000$933,000
65$1,031,202$981,753$967,291$1,084,013
66$1,103,456$996,930$966,767$1,135,520
67$1,182,043$1,011,814$965,188$1,188,054
68$1,267,575$1,026,357$962,486$1,244,632
69$1,360,729$1,040,510$958,590$1,305,650
70$1,462,246$1,054,217$953,425$1,371,545
71$1,572,943$1,067,422$946,913$1,442,802
72$1,693,720$1,080,062$938,972$1,519,952
73$1,825,567$1,092,073$929,515$1,603,585
74$1,969,574$1,103,383$918,453$1,694,348
75$2,126,939$1,113,919$905,690$1,792,959
76$2,298,986$1,123,599$891,129$1,900,206
77$2,487,166$1,132,339$874,666$2,016,961
78$2,693,082$1,140,048$856,192$2,144,185
79$2,918,496$1,146,631$835,594$2,282,940
80$3,165,350$1,151,983$812,754$2,434,395
81$3,435,782$1,155,997$787,548$2,599,841
82$3,732,147$1,158,556$759,846$2,780,703
83$4,057,037$1,159,536$729,511$2,978,552
84$4,413,308$1,158,807$696,404$3,195,120
85$4,804,107$1,156,229$660,374$3,432,319
86$5,232,897$1,151,656$621,268$3,692,259
87$5,703,495$1,144,929$578,923$3,977,264
88$6,220,105$1,135,884$533,170$4,289,901
89$6,787,356$1,124,343$483,832$4,632,998
90$7,410,351$1,110,120$430,725$5,009,678
91$8,094,707$1,093,017$373,655$5,423,383
92$8,846,616$1,072,823$312,421$5,877,907
93$9,672,896$1,049,317$246,812$6,377,439
94$10,581,060$1,022,262$176,609$6,926,595
95$11,579,385$991,410$101,583$7,530,468
96$12,676,990$956,497$21,493$8,194,671
97$13,883,920$917,242$0$8,925,398
98$15,211,245$873,352$0$9,743,810
99$16,671,158$824,512$0$10,649,174
100$18,277,096$770,393$0$11,645,031