Can I retire at age 65 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$77,211$76,524$75,853$75,198$74,558$73,233
2 years$38,223$37,512$36,822$36,153$35,504$34,173
3 years$25,229$24,514$23,826$23,163$22,525$21,230
4 years$18,733$18,021$17,339$16,688$16,065$14,816
5 years$14,837$14,128$13,456$12,818$12,212$11,013
6 years$12,240$11,537$10,874$10,251$9,663$8,515
7 years$10,386$9,689$9,037$8,428$7,859$6,762
8 years$8,996$8,305$7,664$7,070$6,520$5,474
9 years$7,915$7,231$6,601$6,022$5,491$4,495
10 years$7,051$6,374$5,755$5,191$4,678$3,732
11 years$6,345$5,674$5,066$4,518$4,023$3,126
12 years$5,757$5,093$4,496$3,963$3,487$2,636
13 years$5,260$4,602$4,017$3,498$3,040$2,236
14 years$4,834$4,183$3,609$3,105$2,665$1,905
15 years$4,465$3,822$3,259$2,769$2,347$1,630
16 years$4,142$3,506$2,955$2,480$2,074$1,399
17 years$3,858$3,229$2,689$2,228$1,839$1,204
18 years$3,606$2,984$2,454$2,008$1,635$1,038
19 years$3,380$2,765$2,247$1,814$1,457$897
20 years$3,178$2,570$2,062$1,643$1,302$777
21 years$2,995$2,394$1,897$1,491$1,165$673
22 years$2,828$2,234$1,748$1,356$1,044$584
23 years$2,677$2,090$1,614$1,235$937$508
24 years$2,538$1,958$1,493$1,126$842$441
25 years$2,411$1,837$1,383$1,029$758$384
26 years$2,293$1,727$1,282$941$683$335
27 years$2,185$1,625$1,191$861$616$292
28 years$2,084$1,531$1,107$789$556$254
29 years$1,990$1,445$1,030$723$502$222
30 years$1,903$1,364$959$664$453$193
31 years$1,822$1,290$894$610$410$169
32 years$1,746$1,220$835$560$371$147
33 years$1,674$1,156$779$515$335$129
34 years$1,607$1,095$728$474$304$112
35 years$1,544$1,039$681$436$275$98
36 years$1,485$986$637$402$249$86
37 years$1,429$937$596$370$226$75
38 years$1,376$890$558$341$205$66
39 years$1,326$846$523$315$186$57
40 years$1,278$805$490$290$168$50
41 years$1,233$767$460$268$153$44
42 years$1,190$730$431$247$139$38
43 years$1,150$696$405$228$126$34
44 years$1,111$663$380$211$114$29
45 years$1,074$632$357$195$104$26
46 years$1,039$603$335$180$94$22
47 years$1,005$576$315$166$86$20
48 years$973$549$296$153$78$17
49 years$942$525$278$142$71$15
50 years$913$501$261$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $935,000, adding $2,369 every year, while hoping to spend $20,338 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: 51/19/30 Blend
64$935,000$935,000$935,000$935,000
65$1,032,814$983,259$968,766$1,076,627
66$1,116,521$1,009,799$979,580$1,134,034
67$1,208,085$1,036,958$990,075$1,194,210
68$1,308,286$1,064,745$1,000,218$1,259,258
69$1,417,981$1,093,168$1,009,976$1,329,651
70$1,538,118$1,122,235$1,019,313$1,405,912
71$1,669,736$1,151,955$1,028,191$1,488,616
72$1,813,984$1,182,336$1,036,570$1,578,396
73$1,972,124$1,213,384$1,044,408$1,675,951
74$2,145,548$1,245,107$1,051,663$1,782,051
75$2,335,787$1,277,510$1,058,287$1,897,543
76$2,544,529$1,310,600$1,064,231$2,023,363
77$2,773,634$1,344,382$1,069,446$2,160,541
78$3,025,148$1,378,861$1,073,876$2,310,211
79$3,301,328$1,414,039$1,077,466$2,473,624
80$3,604,658$1,449,922$1,080,155$2,652,161
81$3,937,876$1,486,511$1,081,883$2,847,339
82$4,303,996$1,523,807$1,082,583$3,060,834
83$4,706,341$1,561,811$1,082,187$3,294,491
84$5,148,570$1,600,522$1,080,623$3,550,346
85$5,634,716$1,639,939$1,077,815$3,830,640
86$6,169,219$1,680,058$1,073,684$4,137,845
87$6,756,975$1,720,876$1,068,147$4,474,684
88$7,403,373$1,762,386$1,061,118$4,844,161
89$8,114,357$1,804,582$1,052,504$5,249,583
90$8,896,469$1,847,455$1,042,211$5,694,599
91$9,756,922$1,890,993$1,030,138$6,183,227
92$10,703,661$1,935,185$1,016,181$6,719,899
93$11,745,440$1,980,015$1,000,229$7,309,499
94$12,891,907$2,025,467$982,168$7,957,407
95$14,153,688$2,071,522$961,878$8,669,558
96$15,542,496$2,118,158$939,232$9,452,489
97$17,071,233$2,165,351$914,099$10,313,407
98$18,754,119$2,213,073$886,342$11,260,255
99$20,606,821$2,261,295$855,816$12,301,788
100$22,646,601$2,309,983$822,370$13,447,655