Can I retire at age 65 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$77,129$76,442$75,772$75,117$74,478$73,214
2 years$38,183$37,471$36,782$36,114$35,466$34,196
3 years$25,202$24,488$23,801$23,139$22,501$21,265
4 years$18,713$18,001$17,321$16,670$16,048$14,856
5 years$14,821$14,113$13,442$12,804$12,199$11,054
6 years$12,227$11,525$10,863$10,240$9,653$8,556
7 years$10,375$9,678$9,027$8,419$7,850$6,802
8 years$8,986$8,296$7,656$7,062$6,513$5,513
9 years$7,907$7,223$6,594$6,015$5,485$4,532
10 years$7,044$6,367$5,749$5,185$4,673$3,768
11 years$6,338$5,668$5,061$4,513$4,019$3,160
12 years$5,751$5,087$4,492$3,958$3,483$2,668
13 years$5,254$4,597$4,013$3,495$3,037$2,266
14 years$4,828$4,179$3,606$3,102$2,662$1,934
15 years$4,460$3,818$3,255$2,767$2,344$1,656
16 years$4,138$3,503$2,951$2,477$2,072$1,423
17 years$3,854$3,226$2,686$2,226$1,837$1,227
18 years$3,602$2,981$2,452$2,006$1,633$1,060
19 years$3,377$2,763$2,244$1,812$1,456$917
20 years$3,174$2,567$2,060$1,641$1,300$795
21 years$2,991$2,391$1,895$1,490$1,164$690
22 years$2,825$2,232$1,746$1,355$1,043$600
23 years$2,674$2,088$1,612$1,234$936$522
24 years$2,535$1,956$1,491$1,125$842$455
25 years$2,408$1,836$1,381$1,028$757$396
26 years$2,291$1,725$1,281$940$682$346
27 years$2,182$1,624$1,189$860$615$302
28 years$2,082$1,530$1,106$788$555$263
29 years$1,988$1,443$1,029$723$501$230
30 years$1,901$1,363$958$663$453$201
31 years$1,820$1,288$894$609$409$176
32 years$1,744$1,219$834$560$370$154
33 years$1,673$1,155$778$515$335$135
34 years$1,606$1,094$727$474$303$118
35 years$1,543$1,038$680$436$275$103
36 years$1,483$985$636$401$249$90
37 years$1,427$936$595$370$226$79
38 years$1,374$889$558$341$205$69
39 years$1,324$846$522$314$186$61
40 years$1,277$804$490$290$168$53
41 years$1,232$766$459$268$153$46
42 years$1,189$729$431$247$139$41
43 years$1,148$695$404$228$126$36
44 years$1,110$662$379$210$114$31
45 years$1,073$632$356$194$104$27
46 years$1,038$603$335$180$94$24
47 years$1,004$575$314$166$85$21
48 years$972$549$295$153$78$18
49 years$941$524$278$142$70$16
50 years$912$501$261$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $934,000, adding $3,456 every year, while hoping to spend $35,359 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: 33/47/20 Blend
64$934,000$934,000$934,000$934,000
65$1,032,833$983,331$968,854$1,060,448
66$1,100,560$993,892$963,689$1,091,828
67$1,174,010$1,003,786$957,166$1,122,143
68$1,253,730$1,012,943$949,201$1,154,080
69$1,340,321$1,021,287$939,710$1,187,801
70$1,434,443$1,028,739$928,599$1,223,490
71$1,536,823$1,035,215$915,775$1,261,349
72$1,648,263$1,040,624$901,137$1,301,604
73$1,769,642$1,044,871$884,581$1,344,507
74$1,901,930$1,047,854$865,999$1,390,337
75$2,046,192$1,049,463$845,275$1,439,406
76$2,203,602$1,049,586$822,290$1,492,058
77$2,375,451$1,048,098$796,919$1,548,678
78$2,563,163$1,044,870$769,031$1,609,691
79$2,768,302$1,039,765$738,490$1,675,571
80$2,992,591$1,032,636$705,152$1,746,842
81$3,237,928$1,023,328$668,868$1,824,089
82$3,506,403$1,011,677$629,481$1,907,956
83$3,800,316$997,509$586,828$1,999,162
84$4,122,200$980,638$540,738$2,098,502
85$4,474,845$960,870$491,033$2,206,856
86$4,861,323$937,997$437,527$2,325,201
87$5,285,019$911,800$380,025$2,454,620
88$5,749,658$882,046$318,324$2,596,311
89$6,259,346$848,489$252,211$2,751,603
90$6,818,604$810,870$181,464$2,921,966
91$7,432,412$768,912$105,853$3,109,026
92$8,106,255$722,325$25,136$3,314,586
93$8,846,175$670,802$0$3,540,639
94$9,658,829$614,016$0$3,802,409
95$10,551,550$551,623$0$4,095,890
96$11,532,416$483,259$0$4,418,469
97$12,610,324$408,542$0$4,773,192
98$13,795,080$327,063$0$5,163,425
99$15,097,484$238,395$0$5,592,883
100$16,529,435$142,084$0$6,065,670