Can I retire at age 65 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$77,459$76,769$76,096$75,439$74,797$72,029
2 years$38,346$37,632$36,940$36,269$35,618$32,860
3 years$25,310$24,593$23,903$23,238$22,597$19,937
4 years$18,793$18,078$17,395$16,741$16,117$13,574
5 years$14,884$14,174$13,499$12,859$12,252$9,833
6 years$12,279$11,574$10,909$10,283$9,694$7,401
7 years$10,419$9,720$9,066$8,455$7,884$5,716
8 years$9,025$8,332$7,688$7,092$6,541$4,496
9 years$7,941$7,254$6,622$6,041$5,508$3,584
10 years$7,074$6,394$5,773$5,208$4,693$2,887
11 years$6,365$5,692$5,083$4,532$4,036$2,343
12 years$5,775$5,109$4,511$3,975$3,498$1,913
13 years$5,276$4,617$4,030$3,510$3,050$1,570
14 years$4,849$4,197$3,621$3,115$2,674$1,294
15 years$4,479$3,834$3,269$2,778$2,354$1,069
16 years$4,156$3,518$2,964$2,488$2,081$886
17 years$3,871$3,240$2,697$2,235$1,845$736
18 years$3,618$2,993$2,462$2,014$1,640$612
19 years$3,391$2,774$2,254$1,820$1,462$510
20 years$3,188$2,578$2,069$1,649$1,306$425
21 years$3,004$2,401$1,903$1,496$1,169$355
22 years$2,837$2,242$1,754$1,360$1,048$296
23 years$2,685$2,096$1,619$1,239$940$248
24 years$2,546$1,964$1,497$1,130$845$207
25 years$2,418$1,843$1,387$1,032$761$174
26 years$2,300$1,732$1,286$944$685$145
27 years$2,192$1,630$1,194$864$618$122
28 years$2,091$1,536$1,110$791$557$102
29 years$1,997$1,449$1,033$726$503$85
30 years$1,909$1,369$963$666$455$72
31 years$1,828$1,294$897$612$411$60
32 years$1,751$1,224$837$562$372$50
33 years$1,680$1,159$782$517$337$42
34 years$1,613$1,099$730$476$305$35
35 years$1,549$1,042$683$438$276$30
36 years$1,490$989$639$403$250$25
37 years$1,434$940$598$371$227$21
38 years$1,380$893$560$342$205$17
39 years$1,330$849$525$316$186$15
40 years$1,282$808$492$291$169$12
41 years$1,237$769$461$269$153$10
42 years$1,194$732$432$248$139$9
43 years$1,153$698$406$229$126$7
44 years$1,114$665$381$211$115$6
45 years$1,077$634$358$195$104$5
46 years$1,042$605$336$180$94$4
47 years$1,008$577$316$167$86$4
48 years$976$551$297$154$78$3
49 years$945$526$279$142$71$3
50 years$916$503$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $938,000, adding $3,589 every year, while hoping to spend $32,100 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: 69/11/20 Blend
64$938,000$938,000$938,000$938,000
65$1,037,378$987,664$973,125$1,103,608
66$1,109,036$1,001,905$971,571$1,162,539
67$1,186,928$1,015,769$968,888$1,222,901
68$1,271,655$1,029,202$965,006$1,288,164
69$1,363,879$1,042,148$959,849$1,358,812
70$1,464,330$1,054,548$953,339$1,435,375
71$1,573,808$1,066,338$945,393$1,518,439
72$1,693,197$1,077,449$935,924$1,608,649
73$1,823,468$1,087,809$924,842$1,706,715
74$1,965,690$1,097,339$912,052$1,813,424
75$2,121,039$1,105,958$897,455$1,929,640
76$2,290,812$1,113,577$880,947$2,056,316
77$2,476,435$1,120,102$862,418$2,194,504
78$2,679,478$1,125,433$841,756$2,345,362
79$2,901,670$1,129,465$818,840$2,510,170
80$3,144,916$1,132,084$793,547$2,690,336
81$3,411,312$1,133,171$765,745$2,887,414
82$3,703,167$1,132,598$735,299$3,103,117
83$4,023,024$1,130,229$702,066$3,339,334
84$4,373,685$1,125,922$665,897$3,598,146
85$4,758,232$1,119,524$626,636$3,881,849
86$5,180,063$1,110,873$584,120$4,192,975
87$5,642,921$1,099,797$538,180$4,534,314
88$6,150,927$1,086,115$488,637$4,908,943
89$6,708,622$1,069,634$435,306$5,320,253
90$7,321,005$1,050,150$377,992$5,771,983
91$7,993,587$1,027,447$316,494$6,268,256
92$8,732,436$1,001,295$250,600$6,813,617
93$9,544,238$971,452$180,089$7,413,075
94$10,436,358$937,661$104,730$8,072,154
95$11,416,910$899,650$24,282$8,796,944
96$12,494,835$857,133$0$9,594,156
97$13,679,979$809,804$0$10,484,329
98$14,983,195$757,342$0$11,468,865
99$16,416,436$699,407$0$12,551,627
100$17,992,874$635,639$0$13,742,589