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%11.7%
1 years$77,459$76,769$76,096$75,439$74,797$74,264
2 years$38,346$37,632$36,940$36,269$35,618$35,080
3 years$25,310$24,593$23,903$23,238$22,597$22,072
4 years$18,793$18,078$17,395$16,741$16,117$15,607
5 years$14,884$14,174$13,499$12,859$12,252$11,760
6 years$12,279$11,574$10,909$10,283$9,694$9,221
7 years$10,419$9,720$9,066$8,455$7,884$7,429
8 years$9,025$8,332$7,688$7,092$6,541$6,104
9 years$7,941$7,254$6,622$6,041$5,508$5,090
10 years$7,074$6,394$5,773$5,208$4,693$4,294
11 years$6,365$5,692$5,083$4,532$4,036$3,655
12 years$5,775$5,109$4,511$3,975$3,498$3,134
13 years$5,276$4,617$4,030$3,510$3,050$2,703
14 years$4,849$4,197$3,621$3,115$2,674$2,344
15 years$4,479$3,834$3,269$2,778$2,354$2,041
16 years$4,156$3,518$2,964$2,488$2,081$1,783
17 years$3,871$3,240$2,697$2,235$1,845$1,563
18 years$3,618$2,993$2,462$2,014$1,640$1,373
19 years$3,391$2,774$2,254$1,820$1,462$1,209
20 years$3,188$2,578$2,069$1,649$1,306$1,067
21 years$3,004$2,401$1,903$1,496$1,169$943
22 years$2,837$2,242$1,754$1,360$1,048$835
23 years$2,685$2,096$1,619$1,239$940$740
24 years$2,546$1,964$1,497$1,130$845$657
25 years$2,418$1,843$1,387$1,032$761$583
26 years$2,300$1,732$1,286$944$685$519
27 years$2,192$1,630$1,194$864$618$461
28 years$2,091$1,536$1,110$791$557$411
29 years$1,997$1,449$1,033$726$503$366
30 years$1,909$1,369$963$666$455$326
31 years$1,828$1,294$897$612$411$291
32 years$1,751$1,224$837$562$372$259
33 years$1,680$1,159$782$517$337$232
34 years$1,613$1,099$730$476$305$207
35 years$1,549$1,042$683$438$276$185
36 years$1,490$989$639$403$250$165
37 years$1,434$940$598$371$227$147
38 years$1,380$893$560$342$205$132
39 years$1,330$849$525$316$186$118
40 years$1,282$808$492$291$169$105
41 years$1,237$769$461$269$153$94
42 years$1,194$732$432$248$139$84
43 years$1,153$698$406$229$126$75
44 years$1,114$665$381$211$115$67
45 years$1,077$634$358$195$104$60
46 years$1,042$605$336$180$94$54
47 years$1,008$577$316$167$86$48
48 years$976$551$297$154$78$43
49 years$945$526$279$142$71$39
50 years$916$503$262$131$64$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $938,000, adding $2,767 every year, while hoping to spend $36,936 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: 48/34/18 Blend
64$938,000$938,000$938,000$938,000
65$1,036,530$986,816$972,277$1,080,909
66$1,102,957$995,871$965,549$1,121,044
67$1,174,921$1,004,131$957,357$1,160,621
68$1,252,948$1,011,519$947,614$1,202,808
69$1,337,617$1,017,951$936,228$1,247,865
70$1,429,564$1,023,341$923,101$1,296,079
71$1,529,488$1,027,593$908,133$1,347,767
72$1,638,158$1,030,607$891,218$1,403,281
73$1,756,422$1,032,279$872,246$1,463,012
74$1,885,210$1,032,494$851,099$1,527,389
75$2,025,548$1,031,133$827,658$1,596,890
76$2,178,565$1,028,069$801,795$1,672,042
77$2,345,501$1,023,166$773,377$1,753,431
78$2,527,723$1,016,283$742,266$1,841,701
79$2,726,735$1,007,265$708,317$1,937,568
80$2,944,195$995,954$671,378$2,041,821
81$3,181,924$982,177$631,291$2,155,336
82$3,441,930$965,753$587,889$2,279,079
83$3,726,424$946,492$541,000$2,414,118
84$4,037,838$924,189$490,443$2,561,634
85$4,378,854$898,631$436,029$2,722,934
86$4,752,421$869,588$377,560$2,899,461
87$5,161,790$836,820$314,831$3,092,810
88$5,610,541$800,072$247,625$3,304,742
89$6,102,615$759,075$175,720$3,537,206
90$6,642,354$713,542$98,879$3,792,353
91$7,234,541$663,172$16,858$4,072,560
92$7,884,443$607,646$0$4,380,451
93$8,597,862$546,626$0$4,732,500
94$9,381,190$479,757$0$5,122,672
95$10,241,467$406,661$0$5,551,316
96$11,186,449$326,940$0$6,022,393
97$12,224,681$240,174$0$6,540,271
98$13,365,574$145,919$0$7,109,770
99$14,619,499$43,705$0$7,736,209
100$15,997,880$0$0$8,425,453