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%11.6%
1 years$77,459$76,769$76,096$75,439$74,797$74,295
2 years$38,346$37,632$36,940$36,269$35,618$35,111
3 years$25,310$24,593$23,903$23,238$22,597$22,102
4 years$18,793$18,078$17,395$16,741$16,117$15,636
5 years$14,884$14,174$13,499$12,859$12,252$11,788
6 years$12,279$11,574$10,909$10,283$9,694$9,248
7 years$10,419$9,720$9,066$8,455$7,884$7,455
8 years$9,025$8,332$7,688$7,092$6,541$6,129
9 years$7,941$7,254$6,622$6,041$5,508$5,114
10 years$7,074$6,394$5,773$5,208$4,693$4,316
11 years$6,365$5,692$5,083$4,532$4,036$3,676
12 years$5,775$5,109$4,511$3,975$3,498$3,154
13 years$5,276$4,617$4,030$3,510$3,050$2,723
14 years$4,849$4,197$3,621$3,115$2,674$2,362
15 years$4,479$3,834$3,269$2,778$2,354$2,058
16 years$4,156$3,518$2,964$2,488$2,081$1,799
17 years$3,871$3,240$2,697$2,235$1,845$1,578
18 years$3,618$2,993$2,462$2,014$1,640$1,388
19 years$3,391$2,774$2,254$1,820$1,462$1,223
20 years$3,188$2,578$2,069$1,649$1,306$1,080
21 years$3,004$2,401$1,903$1,496$1,169$955
22 years$2,837$2,242$1,754$1,360$1,048$846
23 years$2,685$2,096$1,619$1,239$940$751
24 years$2,546$1,964$1,497$1,130$845$667
25 years$2,418$1,843$1,387$1,032$761$592
26 years$2,300$1,732$1,286$944$685$527
27 years$2,192$1,630$1,194$864$618$469
28 years$2,091$1,536$1,110$791$557$418
29 years$1,997$1,449$1,033$726$503$373
30 years$1,909$1,369$963$666$455$333
31 years$1,828$1,294$897$612$411$297
32 years$1,751$1,224$837$562$372$265
33 years$1,680$1,159$782$517$337$237
34 years$1,613$1,099$730$476$305$212
35 years$1,549$1,042$683$438$276$189
36 years$1,490$989$639$403$250$169
37 years$1,434$940$598$371$227$151
38 years$1,380$893$560$342$205$135
39 years$1,330$849$525$316$186$121
40 years$1,282$808$492$291$169$108
41 years$1,237$769$461$269$153$97
42 years$1,194$732$432$248$139$87
43 years$1,153$698$406$229$126$78
44 years$1,114$665$381$211$115$69
45 years$1,077$634$358$195$104$62
46 years$1,042$605$336$180$94$56
47 years$1,008$577$316$167$86$50
48 years$976$551$297$154$78$45
49 years$945$526$279$142$71$40
50 years$916$503$262$131$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $938,000, adding $2,817 every year, while hoping to spend $58,995 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: 53/28/19 Blend
64$938,000$938,000$938,000$938,000
65$1,036,582$986,868$972,329$1,086,005
66$1,079,543$972,454$942,132$1,105,803
67$1,124,909$955,357$908,945$1,120,907
68$1,172,862$935,382$872,608$1,136,064
69$1,223,604$912,325$832,950$1,151,296
70$1,277,350$885,968$789,793$1,166,632
71$1,334,341$856,081$742,951$1,182,108
72$1,394,835$822,421$692,232$1,197,765
73$1,459,118$784,730$637,432$1,213,655
74$1,527,502$742,735$578,339$1,229,839
75$1,600,327$696,148$514,733$1,246,388
76$1,677,965$644,665$446,382$1,263,384
77$1,760,827$587,963$373,045$1,280,924
78$1,849,359$525,701$294,470$1,299,122
79$1,944,053$457,520$210,394$1,318,106
80$2,045,447$383,039$120,543$1,338,025
81$2,154,131$301,855$24,629$1,359,050
82$2,270,751$213,546$0$1,381,375
83$2,396,020$117,661$0$1,420,981
84$2,530,715$13,728$0$1,468,714
85$2,675,694$0$0$1,519,931
86$2,831,897$0$0$1,605,450
87$3,000,356$0$0$1,702,311
88$3,182,205$0$0$1,806,944
89$3,378,691$0$0$1,920,077
90$3,591,183$0$0$2,042,506
91$3,821,187$0$0$2,175,111
92$4,070,359$0$0$2,318,857
93$4,340,517$0$0$2,474,803
94$4,633,663$0$0$2,644,118
95$4,951,998$0$0$2,828,085
96$5,297,943$0$0$3,028,116
97$5,674,161$0$0$3,245,765
98$6,083,582$0$0$3,482,740
99$6,529,429$0$0$3,740,923
100$7,015,251$0$0$4,022,383