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%16.3%
1 years$77,707$77,015$76,339$75,680$75,037$73,104
2 years$38,469$37,752$37,058$36,385$35,732$33,798
3 years$25,391$24,672$23,979$23,312$22,670$20,794
4 years$18,854$18,136$17,451$16,795$16,168$14,366
5 years$14,932$14,219$13,542$12,900$12,291$10,567
6 years$12,319$11,611$10,944$10,316$9,725$8,082
7 years$10,453$9,751$9,095$8,482$7,909$6,346
8 years$9,054$8,358$7,713$7,115$6,562$5,077
9 years$7,966$7,277$6,643$6,060$5,526$4,120
10 years$7,097$6,415$5,792$5,224$4,708$3,379
11 years$6,386$5,711$5,099$4,547$4,049$2,794
12 years$5,794$5,125$4,525$3,988$3,509$2,326
13 years$5,293$4,632$4,043$3,521$3,060$1,947
14 years$4,865$4,210$3,633$3,125$2,682$1,636
15 years$4,493$3,846$3,280$2,787$2,362$1,381
16 years$4,169$3,529$2,974$2,496$2,087$1,168
17 years$3,883$3,250$2,706$2,242$1,851$991
18 years$3,629$3,003$2,470$2,021$1,646$842
19 years$3,402$2,783$2,261$1,826$1,467$717
20 years$3,198$2,586$2,075$1,654$1,310$611
21 years$3,014$2,409$1,909$1,501$1,172$522
22 years$2,847$2,249$1,759$1,365$1,051$446
23 years$2,694$2,103$1,624$1,243$943$381
24 years$2,554$1,971$1,502$1,134$848$327
25 years$2,426$1,849$1,391$1,035$763$280
26 years$2,308$1,738$1,290$947$687$240
27 years$2,199$1,636$1,198$866$620$206
28 years$2,097$1,541$1,114$794$559$176
29 years$2,003$1,454$1,037$728$505$151
30 years$1,915$1,373$966$668$456$130
31 years$1,834$1,298$900$614$412$111
32 years$1,757$1,228$840$564$373$96
33 years$1,685$1,163$784$519$338$82
34 years$1,618$1,102$733$477$306$71
35 years$1,554$1,046$685$439$277$61
36 years$1,495$992$641$404$251$52
37 years$1,438$943$600$373$227$45
38 years$1,385$896$562$344$206$39
39 years$1,334$852$526$317$187$33
40 years$1,286$810$493$292$170$28
41 years$1,241$771$463$270$154$24
42 years$1,198$735$434$249$140$21
43 years$1,157$700$407$230$127$18
44 years$1,118$667$382$212$115$16
45 years$1,081$636$359$196$104$13
46 years$1,045$607$337$181$95$11
47 years$1,012$579$317$167$86$10
48 years$979$553$298$154$78$8
49 years$948$528$280$143$71$7
50 years$919$504$263$132$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $941,000, adding $2,032 every year, while hoping to spend $35,804 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: 81/6/13 Blend
64$941,000$941,000$941,000$941,000
65$1,039,078$989,205$974,620$1,120,519
66$1,106,969$999,581$969,174$1,184,655
67$1,180,584$1,009,265$962,346$1,250,166
68$1,260,471$1,018,186$954,052$1,321,032
69$1,347,229$1,026,268$944,203$1,397,775
70$1,441,520$1,033,428$932,707$1,480,965
71$1,544,070$1,039,581$919,467$1,571,234
72$1,655,678$1,044,633$904,383$1,669,275
73$1,777,226$1,048,489$887,348$1,775,854
74$1,909,680$1,051,042$868,251$1,891,815
75$2,054,106$1,052,182$846,976$2,018,084
76$2,211,678$1,051,791$823,403$2,155,687
77$2,383,685$1,049,746$797,403$2,305,749
78$2,571,550$1,045,912$768,845$2,469,514
79$2,776,835$1,040,149$737,589$2,648,351
80$3,001,264$1,032,308$703,490$2,843,767
81$3,246,732$1,022,230$666,396$3,057,425
82$3,515,327$1,009,748$626,148$3,291,157
83$3,809,348$994,683$582,582$3,546,981
84$4,131,326$976,846$535,522$3,827,123
85$4,484,048$956,039$484,789$4,134,032
86$4,870,585$932,049$430,194$4,470,412
87$5,294,317$904,652$371,538$4,839,240
88$5,758,968$873,610$308,615$5,243,796
89$6,268,640$838,674$241,211$5,687,697
90$6,827,849$799,577$169,099$6,174,929
91$7,441,571$756,038$92,046$6,709,885
92$8,115,288$707,760$9,806$7,297,404
93$8,855,035$654,429$0$7,942,822
94$9,667,465$595,712$0$8,662,833
95$10,559,903$531,259$0$9,455,257
96$11,540,420$460,697$0$10,325,913
97$12,617,907$383,635$0$11,282,714
98$13,802,159$299,659$0$12,334,376
99$15,103,967$208,330$0$13,490,504
100$16,535,220$109,187$0$14,761,681