Can I retire at age 65 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$77,294$76,606$75,934$75,278$74,638$72,804
2 years$38,264$37,552$36,861$36,191$35,542$33,706
3 years$25,256$24,540$23,852$23,188$22,549$20,768
4 years$18,753$18,040$17,358$16,706$16,082$14,370
5 years$14,853$14,143$13,470$12,832$12,226$10,586
6 years$12,253$11,549$10,886$10,262$9,674$8,110
7 years$10,397$9,699$9,046$8,437$7,867$6,379
8 years$9,006$8,314$7,672$7,077$6,527$5,113
9 years$7,924$7,239$6,608$6,028$5,496$4,156
10 years$7,059$6,381$5,761$5,196$4,683$3,415
11 years$6,352$5,680$5,072$4,522$4,028$2,829
12 years$5,763$5,098$4,501$3,967$3,490$2,360
13 years$5,265$4,607$4,021$3,502$3,044$1,979
14 years$4,839$4,188$3,613$3,109$2,668$1,667
15 years$4,470$3,826$3,262$2,772$2,349$1,409
16 years$4,147$3,510$2,958$2,482$2,076$1,195
17 years$3,862$3,233$2,691$2,230$1,841$1,016
18 years$3,610$2,987$2,457$2,010$1,637$865
19 years$3,384$2,768$2,249$1,816$1,459$738
20 years$3,181$2,573$2,064$1,645$1,303$631
21 years$2,998$2,396$1,899$1,493$1,166$540
22 years$2,831$2,237$1,750$1,357$1,045$462
23 years$2,680$2,092$1,616$1,236$938$397
24 years$2,541$1,960$1,494$1,128$843$340
25 years$2,413$1,839$1,384$1,030$759$292
26 years$2,296$1,729$1,284$942$684$251
27 years$2,187$1,627$1,192$862$616$216
28 years$2,086$1,533$1,108$790$556$185
29 years$1,993$1,446$1,031$724$502$160
30 years$1,905$1,366$960$665$454$137
31 years$1,824$1,291$895$610$410$118
32 years$1,748$1,222$835$561$371$102
33 years$1,676$1,157$780$516$336$88
34 years$1,609$1,097$729$475$304$75
35 years$1,546$1,040$681$437$275$65
36 years$1,487$987$637$402$250$56
37 years$1,430$938$597$371$226$48
38 years$1,377$891$559$342$205$42
39 years$1,327$847$523$315$186$36
40 years$1,280$806$491$291$169$31
41 years$1,235$767$460$268$153$27
42 years$1,192$731$432$247$139$23
43 years$1,151$696$405$228$126$20
44 years$1,112$664$380$211$114$17
45 years$1,075$633$357$195$104$15
46 years$1,040$604$335$180$94$13
47 years$1,006$576$315$166$86$11
48 years$974$550$296$154$78$9
49 years$943$525$278$142$71$8
50 years$914$502$262$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $936,000, adding $3,136 every year, while hoping to spend $27,905 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: 48/28/24 Blend
64$936,000$936,000$936,000$936,000
65$1,034,707$985,099$970,591$1,077,178
66$1,110,556$1,003,678$973,415$1,125,786
67$1,193,207$1,022,232$975,398$1,175,512
68$1,283,323$1,040,731$976,483$1,228,951
69$1,381,637$1,059,141$976,610$1,286,464
70$1,488,951$1,077,427$975,714$1,348,451
71$1,606,153$1,095,549$973,729$1,415,351
72$1,734,218$1,113,468$970,586$1,487,653
73$1,874,218$1,131,138$966,211$1,565,892
74$2,027,337$1,148,513$960,528$1,650,661
75$2,194,875$1,165,539$953,455$1,742,614
76$2,378,265$1,182,164$944,909$1,842,471
77$2,579,086$1,198,328$934,801$1,951,028
78$2,799,075$1,213,968$923,039$2,069,163
79$3,040,147$1,229,018$909,527$2,197,845
80$3,304,407$1,243,406$894,162$2,338,142
81$3,594,179$1,257,055$876,838$2,491,234
82$3,912,018$1,269,883$857,445$2,658,421
83$4,260,740$1,281,804$835,866$2,841,138
84$4,643,448$1,292,725$811,980$3,040,970
85$5,063,557$1,302,546$785,658$3,259,663
86$5,524,832$1,311,162$756,770$3,499,143
87$6,031,417$1,318,462$725,174$3,761,536
88$6,587,880$1,324,325$690,726$4,049,188
89$7,199,252$1,328,625$653,274$4,364,683
90$7,871,076$1,331,228$612,658$4,710,876
91$8,609,456$1,331,989$568,713$5,090,913
92$9,421,121$1,330,756$521,265$5,508,263
93$10,313,481$1,327,369$470,133$5,966,756
94$11,294,701$1,321,654$415,127$6,470,613
95$12,373,776$1,313,431$356,050$7,024,490
96$13,560,618$1,302,506$292,694$7,633,521
97$14,866,147$1,288,675$224,845$8,303,369
98$16,302,393$1,271,719$152,277$9,040,279
99$17,882,613$1,251,410$74,754$9,851,136
100$19,621,414$1,227,502$0$10,743,536