Can I retire at age 65 with 935,000?

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 $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%11.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,995
2 years$38,223$37,512$36,822$36,153$35,504$34,936
3 years$25,229$24,514$23,826$23,163$22,525$21,971
4 years$18,733$18,021$17,339$16,688$16,065$15,528
5 years$14,837$14,128$13,456$12,818$12,212$11,694
6 years$12,240$11,537$10,874$10,251$9,663$9,164
7 years$10,386$9,689$9,037$8,428$7,859$7,380
8 years$8,996$8,305$7,664$7,070$6,520$6,060
9 years$7,915$7,231$6,601$6,022$5,491$5,051
10 years$7,051$6,374$5,755$5,191$4,678$4,258
11 years$6,345$5,674$5,066$4,518$4,023$3,622
12 years$5,757$5,093$4,496$3,963$3,487$3,104
13 years$5,260$4,602$4,017$3,498$3,040$2,676
14 years$4,834$4,183$3,609$3,105$2,665$2,318
15 years$4,465$3,822$3,259$2,769$2,347$2,017
16 years$4,142$3,506$2,955$2,480$2,074$1,761
17 years$3,858$3,229$2,689$2,228$1,839$1,543
18 years$3,606$2,984$2,454$2,008$1,635$1,354
19 years$3,380$2,765$2,247$1,814$1,457$1,192
20 years$3,178$2,570$2,062$1,643$1,302$1,051
21 years$2,995$2,394$1,897$1,491$1,165$928
22 years$2,828$2,234$1,748$1,356$1,044$821
23 years$2,677$2,090$1,614$1,235$937$727
24 years$2,538$1,958$1,493$1,126$842$645
25 years$2,411$1,837$1,383$1,029$758$572
26 years$2,293$1,727$1,282$941$683$508
27 years$2,185$1,625$1,191$861$616$452
28 years$2,084$1,531$1,107$789$556$402
29 years$1,990$1,445$1,030$723$502$358
30 years$1,903$1,364$959$664$453$319
31 years$1,822$1,290$894$610$410$284
32 years$1,746$1,220$835$560$371$253
33 years$1,674$1,156$779$515$335$226
34 years$1,607$1,095$728$474$304$201
35 years$1,544$1,039$681$436$275$180
36 years$1,485$986$637$402$249$160
37 years$1,429$937$596$370$226$143
38 years$1,376$890$558$341$205$128
39 years$1,326$846$523$315$186$114
40 years$1,278$805$490$290$168$102
41 years$1,233$767$460$268$153$91
42 years$1,190$730$431$247$139$81
43 years$1,150$696$405$228$126$73
44 years$1,111$663$380$211$114$65
45 years$1,074$632$357$195$104$58
46 years$1,039$603$335$180$94$52
47 years$1,005$576$315$166$86$46
48 years$973$549$296$153$78$41
49 years$942$525$278$142$71$37
50 years$913$501$261$131$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $935,000, adding $2,705 every year, while hoping to spend $25,045 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: 77/15/8 Blend
64$935,000$935,000$935,000$935,000
65$1,033,160$983,605$969,113$1,111,327
66$1,111,895$1,005,154$974,930$1,184,616
67$1,197,821$1,026,920$980,103$1,261,454
68$1,291,646$1,048,886$984,584$1,344,972
69$1,394,148$1,071,035$988,321$1,435,822
70$1,506,183$1,093,349$991,263$1,534,725
71$1,628,697$1,115,805$993,353$1,642,473
72$1,762,726$1,138,382$994,532$1,759,939
73$1,909,415$1,161,054$994,740$1,888,084
74$2,070,024$1,183,793$993,912$2,027,969
75$2,245,938$1,206,572$991,981$2,180,760
76$2,438,687$1,229,357$988,875$2,347,741
77$2,649,951$1,252,113$984,520$2,530,329
78$2,881,584$1,274,804$978,839$2,730,084
79$3,135,625$1,297,389$971,750$2,948,724
80$3,414,322$1,319,825$963,167$3,188,141
81$3,720,150$1,342,064$953,000$3,450,422
82$4,055,837$1,364,056$941,157$3,737,865
83$4,424,384$1,385,747$927,538$4,053,002
84$4,829,101$1,407,078$912,040$4,398,622
85$5,273,633$1,427,988$894,557$4,777,799
86$5,761,993$1,448,410$874,975$5,193,921
87$6,298,606$1,468,271$853,175$5,650,719
88$6,888,343$1,487,495$829,036$6,152,306
89$7,536,572$1,506,001$802,427$6,703,213
90$8,249,208$1,523,700$773,214$7,308,435
91$9,032,765$1,540,500$741,255$7,973,472
92$9,894,423$1,556,300$706,402$8,704,389
93$10,842,090$1,570,995$668,503$9,507,868
94$11,884,480$1,584,470$627,394$10,391,270
95$13,031,193$1,596,605$582,908$11,362,711
96$14,292,807$1,607,271$534,868$12,431,130
97$15,680,978$1,616,332$483,090$13,606,382
98$17,208,547$1,623,641$427,383$14,899,323
99$18,889,663$1,629,044$367,544$16,321,921
100$20,739,917$1,632,376$303,366$17,887,360