Can I retire at age 65 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$77,707$77,015$76,339$75,680$75,037$73,824
2 years$38,469$37,752$37,058$36,385$35,732$34,513
3 years$25,391$24,672$23,979$23,312$22,670$21,483
4 years$18,854$18,136$17,451$16,795$16,168$15,023
5 years$14,932$14,219$13,542$12,900$12,291$11,191
6 years$12,319$11,611$10,944$10,316$9,725$8,671
7 years$10,453$9,751$9,095$8,482$7,909$6,901
8 years$9,054$8,358$7,713$7,115$6,562$5,599
9 years$7,966$7,277$6,643$6,060$5,526$4,609
10 years$7,097$6,415$5,792$5,224$4,708$3,836
11 years$6,386$5,711$5,099$4,547$4,049$3,221
12 years$5,794$5,125$4,525$3,988$3,509$2,724
13 years$5,293$4,632$4,043$3,521$3,060$2,316
14 years$4,865$4,210$3,633$3,125$2,682$1,979
15 years$4,493$3,846$3,280$2,787$2,362$1,698
16 years$4,169$3,529$2,974$2,496$2,087$1,461
17 years$3,883$3,250$2,706$2,242$1,851$1,261
18 years$3,629$3,003$2,470$2,021$1,646$1,091
19 years$3,402$2,783$2,261$1,826$1,467$945
20 years$3,198$2,586$2,075$1,654$1,310$821
21 years$3,014$2,409$1,909$1,501$1,172$714
22 years$2,847$2,249$1,759$1,365$1,051$621
23 years$2,694$2,103$1,624$1,243$943$541
24 years$2,554$1,971$1,502$1,134$848$472
25 years$2,426$1,849$1,391$1,035$763$412
26 years$2,308$1,738$1,290$947$687$360
27 years$2,199$1,636$1,198$866$620$315
28 years$2,097$1,541$1,114$794$559$275
29 years$2,003$1,454$1,037$728$505$241
30 years$1,915$1,373$966$668$456$211
31 years$1,834$1,298$900$614$412$185
32 years$1,757$1,228$840$564$373$162
33 years$1,685$1,163$784$519$338$142
34 years$1,618$1,102$733$477$306$124
35 years$1,554$1,046$685$439$277$109
36 years$1,495$992$641$404$251$96
37 years$1,438$943$600$373$227$84
38 years$1,385$896$562$344$206$74
39 years$1,334$852$526$317$187$64
40 years$1,286$810$493$292$170$57
41 years$1,241$771$463$270$154$50
42 years$1,198$735$434$249$140$44
43 years$1,157$700$407$230$127$38
44 years$1,118$667$382$212$115$34
45 years$1,081$636$359$196$104$29
46 years$1,045$607$337$181$95$26
47 years$1,012$579$317$167$86$23
48 years$979$553$298$154$78$20
49 years$948$528$280$143$71$17
50 years$919$504$263$132$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $941,000, adding $3,395 every year, while hoping to spend $24,042 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: 50/43/7 Blend
64$941,000$941,000$941,000$941,000
65$1,040,484$990,611$976,025$1,090,491
66$1,121,033$1,013,570$983,142$1,147,909
67$1,208,992$1,036,849$989,691$1,207,409
68$1,305,092$1,060,437$995,628$1,271,491
69$1,410,136$1,084,324$1,000,907$1,340,591
70$1,525,011$1,108,497$1,005,478$1,415,187
71$1,650,691$1,132,941$1,009,290$1,495,806
72$1,788,249$1,157,643$1,012,289$1,583,030
73$1,938,867$1,182,585$1,014,418$1,677,498
74$2,103,848$1,207,747$1,015,617$1,779,913
75$2,284,623$1,233,110$1,015,823$1,891,053
76$2,482,773$1,258,651$1,014,971$2,011,771
77$2,700,035$1,284,344$1,012,992$2,143,011
78$2,938,324$1,310,162$1,009,813$2,285,808
79$3,199,750$1,336,077$1,005,358$2,441,308
80$3,486,635$1,362,056$999,549$2,610,769
81$3,801,539$1,388,063$992,300$2,795,581
82$4,147,280$1,414,062$983,526$2,997,272
83$4,526,963$1,440,012$973,135$3,217,529
84$4,944,008$1,465,867$961,030$3,458,209
85$5,402,183$1,491,582$947,111$3,721,361
86$5,905,640$1,517,103$931,274$4,009,240
87$6,458,952$1,542,378$913,407$4,324,334
88$7,067,155$1,567,345$893,397$4,669,384
89$7,735,802$1,591,941$871,122$5,047,409
90$8,471,005$1,616,098$846,457$5,461,741
91$9,279,503$1,639,742$819,268$5,916,048
92$10,168,719$1,662,796$789,420$6,414,375
93$11,146,829$1,685,174$756,767$6,961,180
94$12,222,845$1,706,787$721,158$7,561,377
95$13,406,695$1,727,539$682,436$8,220,380
96$14,709,317$1,747,327$640,437$8,944,159
97$16,142,762$1,766,041$594,987$9,739,293
98$17,720,312$1,783,565$545,907$10,613,034
99$19,456,598$1,799,774$493,009$11,573,374
100$21,367,743$1,814,535$436,096$12,629,122