Can I retire at age 65 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$77,377$76,687$76,015$75,359$74,718$72,646
2 years$38,305$37,592$36,900$36,230$35,580$33,508
3 years$25,283$24,567$23,877$23,213$22,573$20,567
4 years$18,773$18,059$17,376$16,724$16,099$14,173
5 years$14,869$14,159$13,485$12,845$12,239$10,398
6 years$12,266$11,562$10,898$10,273$9,684$7,930
7 years$10,408$9,709$9,056$8,446$7,876$6,209
8 years$9,015$8,323$7,680$7,085$6,534$4,954
9 years$7,932$7,246$6,615$6,035$5,502$4,007
10 years$7,067$6,387$5,767$5,202$4,688$3,276
11 years$6,359$5,686$5,077$4,527$4,032$2,701
12 years$5,769$5,104$4,506$3,971$3,494$2,241
13 years$5,271$4,612$4,026$3,506$3,047$1,869
14 years$4,844$4,192$3,617$3,112$2,671$1,566
15 years$4,474$3,830$3,266$2,775$2,352$1,316
16 years$4,151$3,514$2,961$2,485$2,078$1,110
17 years$3,866$3,236$2,694$2,233$1,843$938
18 years$3,614$2,990$2,460$2,012$1,639$794
19 years$3,388$2,771$2,252$1,818$1,460$674
20 years$3,185$2,575$2,066$1,647$1,305$572
21 years$3,001$2,399$1,901$1,495$1,167$487
22 years$2,834$2,239$1,752$1,359$1,046$414
23 years$2,682$2,094$1,617$1,238$939$353
24 years$2,543$1,962$1,496$1,129$844$301
25 years$2,416$1,841$1,386$1,031$760$257
26 years$2,298$1,731$1,285$943$684$219
27 years$2,189$1,629$1,193$863$617$187
28 years$2,088$1,535$1,109$790$557$160
29 years$1,995$1,448$1,032$725$503$137
30 years$1,907$1,367$962$665$454$117
31 years$1,826$1,293$896$611$411$100
32 years$1,750$1,223$836$561$371$85
33 years$1,678$1,158$781$516$336$73
34 years$1,611$1,098$730$475$304$62
35 years$1,548$1,041$682$437$276$53
36 years$1,488$988$638$403$250$46
37 years$1,432$939$597$371$226$39
38 years$1,379$892$559$342$205$33
39 years$1,329$848$524$315$186$29
40 years$1,281$807$491$291$169$25
41 years$1,236$768$461$268$153$21
42 years$1,193$732$432$248$139$18
43 years$1,152$697$405$229$126$15
44 years$1,113$664$381$211$114$13
45 years$1,076$634$357$195$104$11
46 years$1,041$604$336$180$94$10
47 years$1,007$577$315$166$86$8
48 years$975$551$296$154$78$7
49 years$944$526$278$142$71$6
50 years$915$502$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $937,000, adding $6,690 every year, while hoping to spend $55,352 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: 52/26/22 Blend
64$937,000$937,000$937,000$937,000
65$1,039,475$989,814$975,290$1,086,869
66$1,086,607$979,421$949,068$1,109,894
67$1,136,692$966,663$920,113$1,128,667
68$1,189,971$951,366$888,274$1,147,928
69$1,246,712$933,347$853,394$1,167,741
70$1,307,204$912,408$815,310$1,188,184
71$1,371,765$888,343$773,850$1,209,344
72$1,440,746$860,932$728,835$1,231,320
73$1,514,528$829,944$680,077$1,254,226
74$1,593,531$795,132$627,380$1,278,190
75$1,678,215$756,237$570,541$1,303,360
76$1,769,084$712,984$509,345$1,329,899
77$1,866,692$665,082$443,570$1,357,997
78$1,971,646$612,222$372,981$1,387,865
79$2,084,614$554,082$297,336$1,419,740
80$2,206,329$490,315$216,381$1,453,892
81$2,337,594$420,561$129,850$1,490,623
82$2,479,295$344,434$37,465$1,530,271
83$2,632,402$261,530$0$1,573,217
84$2,797,982$171,421$0$1,634,236
85$2,977,210$73,654$0$1,709,776
86$3,171,375$0$0$1,791,641
87$3,381,895$0$0$1,889,731
88$3,610,329$0$0$2,019,114
89$3,858,394$0$0$2,159,698
90$4,127,976$0$0$2,312,563
91$4,421,149$0$0$2,478,896
92$4,740,198$0$0$2,660,004
93$5,087,635$0$0$2,857,325
94$5,466,224$0$0$3,072,442
95$5,879,009$0$0$3,307,096
96$6,329,337$0$0$3,563,205
97$6,820,895$0$0$3,842,879
98$7,357,740$0$0$4,148,441
99$7,944,338$0$0$4,482,448
100$8,585,606$0$0$4,847,716