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%16.5%
1 years$77,046$76,360$75,690$75,037$74,399$72,424
2 years$38,142$37,431$36,743$36,075$35,428$33,452
3 years$25,175$24,462$23,775$23,114$22,477$20,562
4 years$18,693$17,982$17,302$16,652$16,031$14,191
5 years$14,805$14,098$13,427$12,791$12,186$10,428
6 years$12,214$11,512$10,851$10,229$9,643$7,966
7 years$10,364$9,668$9,017$8,410$7,842$6,248
8 years$8,977$8,287$7,647$7,055$6,506$4,993
9 years$7,898$7,215$6,587$6,009$5,479$4,047
10 years$7,036$6,360$5,742$5,180$4,668$3,315
11 years$6,332$5,662$5,056$4,508$4,015$2,738
12 years$5,745$5,082$4,487$3,954$3,479$2,276
13 years$5,248$4,593$4,009$3,491$3,034$1,902
14 years$4,823$4,175$3,602$3,099$2,659$1,597
15 years$4,455$3,814$3,252$2,764$2,342$1,345
16 years$4,134$3,499$2,948$2,474$2,070$1,137
17 years$3,850$3,222$2,683$2,223$1,835$963
18 years$3,598$2,978$2,449$2,004$1,632$817
19 years$3,373$2,760$2,242$1,810$1,454$695
20 years$3,171$2,564$2,058$1,640$1,299$591
21 years$2,988$2,389$1,893$1,488$1,162$504
22 years$2,822$2,230$1,744$1,353$1,042$430
23 years$2,671$2,085$1,611$1,232$935$367
24 years$2,533$1,954$1,490$1,124$841$314
25 years$2,405$1,834$1,380$1,026$756$268
26 years$2,288$1,723$1,279$938$681$230
27 years$2,180$1,622$1,188$859$614$197
28 years$2,079$1,528$1,105$787$554$168
29 years$1,986$1,442$1,028$722$501$144
30 years$1,899$1,362$957$662$452$124
31 years$1,818$1,287$893$608$409$106
32 years$1,742$1,218$833$559$370$91
33 years$1,671$1,153$778$514$335$78
34 years$1,604$1,093$727$473$303$67
35 years$1,541$1,037$679$435$275$57
36 years$1,482$984$635$401$249$49
37 years$1,426$935$595$370$225$42
38 years$1,373$888$557$341$204$36
39 years$1,323$845$522$314$185$31
40 years$1,276$804$489$290$168$27
41 years$1,231$765$459$267$153$23
42 years$1,188$728$430$247$138$20
43 years$1,147$694$404$228$126$17
44 years$1,109$662$379$210$114$14
45 years$1,072$631$356$194$103$12
46 years$1,037$602$334$179$94$11
47 years$1,003$574$314$166$85$9
48 years$971$548$295$153$77$8
49 years$940$524$277$141$70$7
50 years$911$500$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $933,000, adding $2,607 every year, while hoping to spend $55,654 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: 50/37/13 Blend
64$933,000$933,000$933,000$933,000
65$1,030,855$981,406$966,945$1,078,631
66$1,076,787$970,280$940,122$1,100,566
67$1,125,538$956,743$910,535$1,118,336
68$1,177,339$940,618$878,033$1,136,394
69$1,232,438$921,719$842,458$1,154,784
70$1,291,110$899,847$803,644$1,173,559
71$1,353,655$874,791$761,418$1,192,778
72$1,420,401$846,329$715,599$1,212,513
73$1,491,709$814,226$665,998$1,232,844
74$1,567,973$778,233$612,418$1,253,867
75$1,649,625$738,085$554,653$1,275,689
76$1,737,139$693,504$492,487$1,298,435
77$1,831,037$644,195$425,695$1,322,247
78$1,931,888$589,846$354,041$1,347,288
79$2,040,320$530,128$277,281$1,373,741
80$2,157,020$464,692$195,157$1,401,817
81$2,282,745$393,170$107,404$1,431,753
82$2,418,323$315,174$13,740$1,463,818
83$2,564,666$230,292$0$1,498,315
84$2,722,776$138,090$0$1,547,547
85$2,893,754$38,111$0$1,602,753
86$3,078,809$0$0$1,662,502
87$3,279,270$0$0$1,755,882
88$3,496,602$0$0$1,874,025
89$3,732,411$0$0$2,002,299
90$3,988,465$0$0$2,141,676
91$4,266,711$0$0$2,293,226
92$4,569,288$0$0$2,458,128
93$4,898,549$0$0$2,637,675
94$5,257,086$0$0$2,833,294
95$5,647,749$0$0$3,046,553
96$6,073,674$0$0$3,279,179
97$6,538,314$0$0$3,533,072
98$7,045,469$0$0$3,810,324
99$7,599,321$0$0$4,113,237
100$8,204,475$0$0$4,444,346