Can I retire at age 65 with 933,000?

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 $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%17.8%
1 years$77,046$76,360$75,690$75,037$74,399$72,046
2 years$38,142$37,431$36,743$36,075$35,428$33,079
3 years$25,175$24,462$23,775$23,114$22,477$20,205
4 years$18,693$17,982$17,302$16,652$16,031$13,854
5 years$14,805$14,098$13,427$12,791$12,186$10,110
6 years$12,214$11,512$10,851$10,229$9,643$7,669
7 years$10,364$9,668$9,017$8,410$7,842$5,971
8 years$8,977$8,287$7,647$7,055$6,506$4,735
9 years$7,898$7,215$6,587$6,009$5,479$3,807
10 years$7,036$6,360$5,742$5,180$4,668$3,093
11 years$6,332$5,662$5,056$4,508$4,015$2,534
12 years$5,745$5,082$4,487$3,954$3,479$2,088
13 years$5,248$4,593$4,009$3,491$3,034$1,730
14 years$4,823$4,175$3,602$3,099$2,659$1,439
15 years$4,455$3,814$3,252$2,764$2,342$1,202
16 years$4,134$3,499$2,948$2,474$2,070$1,006
17 years$3,850$3,222$2,683$2,223$1,835$844
18 years$3,598$2,978$2,449$2,004$1,632$709
19 years$3,373$2,760$2,242$1,810$1,454$597
20 years$3,171$2,564$2,058$1,640$1,299$503
21 years$2,988$2,389$1,893$1,488$1,162$425
22 years$2,822$2,230$1,744$1,353$1,042$359
23 years$2,671$2,085$1,611$1,232$935$303
24 years$2,533$1,954$1,490$1,124$841$257
25 years$2,405$1,834$1,380$1,026$756$217
26 years$2,288$1,723$1,279$938$681$184
27 years$2,180$1,622$1,188$859$614$156
28 years$2,079$1,528$1,105$787$554$132
29 years$1,986$1,442$1,028$722$501$112
30 years$1,899$1,362$957$662$452$95
31 years$1,818$1,287$893$608$409$80
32 years$1,742$1,218$833$559$370$68
33 years$1,671$1,153$778$514$335$58
34 years$1,604$1,093$727$473$303$49
35 years$1,541$1,037$679$435$275$42
36 years$1,482$984$635$401$249$35
37 years$1,426$935$595$370$225$30
38 years$1,373$888$557$341$204$25
39 years$1,323$845$522$314$185$22
40 years$1,276$804$489$290$168$18
41 years$1,231$765$459$267$153$16
42 years$1,188$728$430$247$138$13
43 years$1,147$694$404$228$126$11
44 years$1,109$662$379$210$114$10
45 years$1,072$631$356$194$103$8
46 years$1,037$602$334$179$94$7
47 years$1,003$574$314$166$85$6
48 years$971$548$295$153$77$5
49 years$940$524$277$141$70$4
50 years$911$500$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $933,000, adding $3,148 every year, while hoping to spend $46,305 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: 31/48/21 Blend
64$933,000$933,000$933,000$933,000
65$1,031,413$981,964$967,503$1,056,570
66$1,087,349$980,812$950,646$1,074,705
67$1,147,439$978,052$931,672$1,089,822
68$1,212,056$973,556$910,462$1,105,129
69$1,281,614$967,188$886,891$1,120,672
70$1,356,563$958,804$860,826$1,136,503
71$1,437,400$948,253$832,131$1,152,688
72$1,524,670$935,373$800,663$1,169,299
73$1,618,973$919,992$766,271$1,186,422
74$1,720,966$901,930$728,799$1,204,157
75$1,831,373$880,993$688,083$1,222,619
76$1,950,990$856,979$643,950$1,241,940
77$2,080,692$829,671$596,224$1,262,272
78$2,221,440$798,843$544,715$1,283,789
79$2,374,293$764,253$489,229$1,306,687
80$2,540,415$725,645$429,562$1,331,192
81$2,721,085$682,749$365,500$1,357,559
82$2,917,713$635,281$296,821$1,386,077
83$3,131,847$582,937$223,292$1,417,074
84$3,365,193$525,399$144,671$1,450,918
85$3,619,629$462,329$60,703$1,488,026
86$3,897,219$393,372$0$1,528,868
87$4,200,238$318,150$0$1,580,446
88$4,531,188$236,265$0$1,651,814
89$4,892,825$147,297$0$1,730,084
90$5,288,181$50,803$0$1,816,068
91$5,720,597$0$0$1,910,672
92$6,193,750$0$0$2,043,258
93$6,711,688$0$0$2,217,907
94$7,278,870$0$0$2,409,307
95$7,900,206$0$0$2,619,133
96$8,581,104$0$0$2,849,230
97$9,327,518$0$0$3,101,629
98$10,146,008$0$0$3,378,569
99$11,043,796$0$0$3,682,515
100$12,028,840$0$0$4,016,182