Can I retire at age 65 with 934,000?

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 $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%19.9%
1 years$77,129$76,442$75,772$75,117$74,478$71,523
2 years$38,183$37,471$36,782$36,114$35,466$32,525
3 years$25,202$24,488$23,801$23,139$22,501$19,668
4 years$18,713$18,001$17,321$16,670$16,048$13,343
5 years$14,821$14,113$13,442$12,804$12,199$9,630
6 years$12,227$11,525$10,863$10,240$9,653$7,221
7 years$10,375$9,678$9,027$8,419$7,850$5,555
8 years$8,986$8,296$7,656$7,062$6,513$4,351
9 years$7,907$7,223$6,594$6,015$5,485$3,454
10 years$7,044$6,367$5,749$5,185$4,673$2,769
11 years$6,338$5,668$5,061$4,513$4,019$2,237
12 years$5,751$5,087$4,492$3,958$3,483$1,818
13 years$5,254$4,597$4,013$3,495$3,037$1,485
14 years$4,828$4,179$3,606$3,102$2,662$1,218
15 years$4,460$3,818$3,255$2,767$2,344$1,001
16 years$4,138$3,503$2,951$2,477$2,072$825
17 years$3,854$3,226$2,686$2,226$1,837$682
18 years$3,602$2,981$2,452$2,006$1,633$564
19 years$3,377$2,763$2,244$1,812$1,456$467
20 years$3,174$2,567$2,060$1,641$1,300$388
21 years$2,991$2,391$1,895$1,490$1,164$322
22 years$2,825$2,232$1,746$1,355$1,043$268
23 years$2,674$2,088$1,612$1,234$936$222
24 years$2,535$1,956$1,491$1,125$842$185
25 years$2,408$1,836$1,381$1,028$757$154
26 years$2,291$1,725$1,281$940$682$128
27 years$2,182$1,624$1,189$860$615$107
28 years$2,082$1,530$1,106$788$555$89
29 years$1,988$1,443$1,029$723$501$74
30 years$1,901$1,363$958$663$453$62
31 years$1,820$1,288$894$609$409$51
32 years$1,744$1,219$834$560$370$43
33 years$1,673$1,155$778$515$335$36
34 years$1,606$1,094$727$474$303$30
35 years$1,543$1,038$680$436$275$25
36 years$1,483$985$636$401$249$21
37 years$1,427$936$595$370$226$17
38 years$1,374$889$558$341$205$14
39 years$1,324$846$522$314$186$12
40 years$1,277$804$490$290$168$10
41 years$1,232$766$459$268$153$8
42 years$1,189$729$431$247$139$7
43 years$1,148$695$404$228$126$6
44 years$1,110$662$379$210$114$5
45 years$1,073$632$356$194$104$4
46 years$1,038$603$335$180$94$3
47 years$1,004$575$314$166$85$3
48 years$972$549$295$153$78$2
49 years$941$524$278$142$70$2
50 years$912$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $934,000, adding $6,631 every year, while hoping to spend $48,321 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: 44/41/15 Blend
64$934,000$934,000$934,000$934,000
65$1,036,108$986,606$972,129$1,076,943
66$1,090,378$983,536$953,282$1,103,093
67$1,148,564$978,697$932,184$1,126,067
68$1,211,014$971,950$908,709$1,149,924
69$1,278,111$963,149$882,725$1,174,765
70$1,350,274$952,140$854,092$1,200,706
71$1,427,965$938,757$822,667$1,227,878
72$1,511,689$922,828$788,298$1,256,428
73$1,602,002$904,167$750,827$1,286,520
74$1,699,515$882,580$710,088$1,318,343
75$1,804,899$857,860$665,909$1,352,106
76$1,918,891$829,787$618,109$1,388,044
77$2,042,301$798,130$566,500$1,426,422
78$2,176,022$762,645$510,883$1,467,536
79$2,321,032$723,070$451,054$1,511,718
80$2,478,410$679,133$386,797$1,559,338
81$2,649,340$630,543$317,886$1,610,813
82$2,835,126$576,993$244,089$1,666,605
83$3,037,202$518,159$165,159$1,727,234
84$3,257,146$453,698$80,842$1,793,278
85$3,496,694$383,248$0$1,865,380
86$3,757,757$306,427$0$1,945,724
87$4,042,437$222,831$0$2,047,549
88$4,353,047$132,031$0$2,158,842
89$4,692,136$33,579$0$2,280,643
90$5,062,507$0$0$2,414,108
91$5,467,246$0$0$2,593,452
92$5,909,752$0$0$2,806,203
93$6,393,767$0$0$3,039,024
94$6,923,410$0$0$3,293,910
95$7,503,216$0$0$3,573,058
96$8,138,182$0$0$3,878,890
97$8,833,808$0$0$4,214,070
98$9,596,153$0$0$4,581,533
99$10,431,887$0$0$4,984,513
100$11,348,359$0$0$5,426,571