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%15.3%
1 years$77,707$77,015$76,339$75,680$75,037$73,402
2 years$38,469$37,752$37,058$36,385$35,732$34,093
3 years$25,391$24,672$23,979$23,312$22,670$21,078
4 years$18,854$18,136$17,451$16,795$16,168$14,636
5 years$14,932$14,219$13,542$12,900$12,291$10,822
6 years$12,319$11,611$10,944$10,316$9,725$8,322
7 years$10,453$9,751$9,095$8,482$7,909$6,571
8 years$9,054$8,358$7,713$7,115$6,562$5,289
9 years$7,966$7,277$6,643$6,060$5,526$4,317
10 years$7,097$6,415$5,792$5,224$4,708$3,563
11 years$6,386$5,711$5,099$4,547$4,049$2,965
12 years$5,794$5,125$4,525$3,988$3,509$2,485
13 years$5,293$4,632$4,043$3,521$3,060$2,093
14 years$4,865$4,210$3,633$3,125$2,682$1,772
15 years$4,493$3,846$3,280$2,787$2,362$1,505
16 years$4,169$3,529$2,974$2,496$2,087$1,283
17 years$3,883$3,250$2,706$2,242$1,851$1,096
18 years$3,629$3,003$2,470$2,021$1,646$938
19 years$3,402$2,783$2,261$1,826$1,467$805
20 years$3,198$2,586$2,075$1,654$1,310$691
21 years$3,014$2,409$1,909$1,501$1,172$595
22 years$2,847$2,249$1,759$1,365$1,051$512
23 years$2,694$2,103$1,624$1,243$943$442
24 years$2,554$1,971$1,502$1,134$848$381
25 years$2,426$1,849$1,391$1,035$763$329
26 years$2,308$1,738$1,290$947$687$284
27 years$2,199$1,636$1,198$866$620$246
28 years$2,097$1,541$1,114$794$559$212
29 years$2,003$1,454$1,037$728$505$184
30 years$1,915$1,373$966$668$456$159
31 years$1,834$1,298$900$614$412$138
32 years$1,757$1,228$840$564$373$119
33 years$1,685$1,163$784$519$338$103
34 years$1,618$1,102$733$477$306$89
35 years$1,554$1,046$685$439$277$78
36 years$1,495$992$641$404$251$67
37 years$1,438$943$600$373$227$58
38 years$1,385$896$562$344$206$50
39 years$1,334$852$526$317$187$44
40 years$1,286$810$493$292$170$38
41 years$1,241$771$463$270$154$33
42 years$1,198$735$434$249$140$28
43 years$1,157$700$407$230$127$25
44 years$1,118$667$382$212$115$21
45 years$1,081$636$359$196$104$19
46 years$1,045$607$337$181$95$16
47 years$1,012$579$317$167$86$14
48 years$979$553$298$154$78$12
49 years$948$528$280$143$71$10
50 years$919$504$263$132$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $941,000, adding $5,126 every year, while hoping to spend $35,334 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: 34/40/26 Blend
64$941,000$941,000$941,000$941,000
65$1,042,269$992,396$977,811$1,069,342
66$1,110,986$1,003,429$972,973$1,101,118
67$1,185,527$1,013,817$966,788$1,131,819
68$1,266,450$1,023,494$959,174$1,164,231
69$1,354,367$1,032,384$950,046$1,198,528
70$1,449,952$1,040,410$939,312$1,234,907
71$1,553,945$1,047,489$926,877$1,273,585
72$1,667,164$1,053,532$912,643$1,314,804
73$1,790,504$1,058,444$896,506$1,358,832
74$1,924,953$1,062,126$878,357$1,405,968
75$2,071,599$1,064,470$858,082$1,456,544
76$2,231,636$1,065,364$835,563$1,510,929
77$2,406,383$1,064,686$810,674$1,569,533
78$2,597,288$1,062,310$783,286$1,632,810
79$2,805,947$1,058,099$753,262$1,701,264
80$3,034,118$1,051,910$720,460$1,775,455
81$3,283,733$1,043,589$684,730$1,856,004
82$3,556,924$1,032,974$645,919$1,943,599
83$3,856,034$1,019,895$603,861$2,039,003
84$4,183,648$1,004,168$558,389$2,143,061
85$4,542,609$985,601$509,324$2,256,712
86$4,936,049$963,989$456,480$2,380,992
87$5,367,417$939,116$399,663$2,517,053
88$5,840,514$910,753$338,673$2,666,166
89$6,359,524$878,657$273,295$2,829,741
90$6,929,056$842,572$203,311$3,009,339
91$7,554,187$802,226$128,490$3,206,685
92$8,240,511$757,331$48,591$3,423,691
93$8,994,187$707,584$0$3,662,470
94$9,822,002$652,663$0$3,935,534
95$10,731,432$592,230$0$4,250,341
96$11,730,712$525,924$0$4,596,331
97$12,828,917$453,366$0$4,976,743
98$14,036,041$374,155$0$5,395,154
99$15,363,097$287,869$0$5,855,512
100$16,822,217$194,058$0$6,362,175