Can I retire at age 65 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$77,789$77,097$76,421$75,761$75,116$72,596
2 years$38,510$37,792$37,097$36,423$35,770$33,255
3 years$25,418$24,698$24,004$23,337$22,694$20,264
4 years$18,874$18,155$17,469$16,813$16,185$13,859
5 years$14,948$14,234$13,557$12,914$12,304$10,087
6 years$12,332$11,623$10,956$10,327$9,736$7,631
7 years$10,464$9,761$9,104$8,491$7,918$5,924
8 years$9,063$8,367$7,721$7,123$6,568$4,684
9 years$7,975$7,285$6,650$6,067$5,532$3,755
10 years$7,104$6,421$5,798$5,230$4,713$3,041
11 years$6,393$5,717$5,104$4,551$4,054$2,483
12 years$5,800$5,131$4,530$3,992$3,513$2,040
13 years$5,299$4,637$4,047$3,525$3,063$1,684
14 years$4,870$4,215$3,636$3,129$2,685$1,396
15 years$4,498$3,850$3,283$2,790$2,364$1,161
16 years$4,173$3,533$2,977$2,498$2,089$969
17 years$3,887$3,253$2,709$2,245$1,853$810
18 years$3,633$3,006$2,473$2,023$1,647$678
19 years$3,406$2,786$2,264$1,828$1,468$569
20 years$3,202$2,589$2,077$1,656$1,312$478
21 years$3,017$2,412$1,911$1,503$1,174$401
22 years$2,850$2,251$1,761$1,366$1,052$338
23 years$2,697$2,105$1,626$1,244$944$284
24 years$2,557$1,973$1,504$1,135$849$240
25 years$2,429$1,851$1,393$1,036$764$202
26 years$2,310$1,740$1,292$948$688$170
27 years$2,201$1,637$1,200$867$620$144
28 years$2,100$1,543$1,115$795$560$121
29 years$2,005$1,456$1,038$729$505$102
30 years$1,918$1,375$967$669$457$86
31 years$1,836$1,299$901$614$413$73
32 years$1,759$1,230$841$564$373$62
33 years$1,687$1,164$785$519$338$52
34 years$1,619$1,104$734$478$306$44
35 years$1,556$1,047$686$440$277$37
36 years$1,496$994$642$405$251$31
37 years$1,440$944$600$373$228$27
38 years$1,386$897$562$344$206$22
39 years$1,336$853$527$317$187$19
40 years$1,288$811$494$292$170$16
41 years$1,242$772$463$270$154$14
42 years$1,199$736$434$249$140$11
43 years$1,158$701$408$230$127$10
44 years$1,119$668$383$212$115$8
45 years$1,082$637$359$196$104$7
46 years$1,047$608$337$181$95$6
47 years$1,013$580$317$167$86$5
48 years$980$554$298$155$78$4
49 years$949$529$280$143$71$4
50 years$920$505$263$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $942,000, adding $6,452 every year, while hoping to spend $38,262 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: 61/16/23 Blend
64$942,000$942,000$942,000$942,000
65$1,044,739$994,813$980,212$1,101,748
66$1,110,592$1,002,849$972,339$1,149,176
67$1,181,880$1,009,995$962,919$1,196,157
68$1,259,116$1,016,169$951,862$1,246,587
69$1,342,866$1,021,282$939,069$1,300,809
70$1,433,750$1,025,237$924,440$1,359,199
71$1,532,454$1,027,934$907,870$1,422,177
72$1,639,727$1,029,266$889,247$1,490,201
73$1,756,398$1,029,119$868,455$1,563,783
74$1,883,376$1,027,371$845,373$1,643,484
75$2,021,662$1,023,894$819,875$1,729,926
76$2,172,358$1,018,552$791,828$1,823,795
77$2,336,676$1,011,198$761,092$1,925,848
78$2,515,951$1,001,681$727,522$2,036,924
79$2,711,652$989,837$690,968$2,157,945
80$2,925,395$975,494$651,270$2,289,933
81$3,158,960$958,467$608,262$2,434,013
82$3,414,306$938,565$561,771$2,591,430
83$3,693,592$915,581$511,617$2,763,555
84$3,999,192$889,298$457,610$2,951,906
85$4,333,722$859,486$399,552$3,158,154
86$4,700,063$825,902$337,238$3,384,146
87$5,101,386$788,288$270,452$3,631,920
88$5,541,184$746,371$198,969$3,903,725
89$6,023,304$699,862$122,554$4,202,043
90$6,551,984$648,458$40,962$4,529,613
91$7,131,889$591,836$0$4,889,457
92$7,768,161$529,654$0$5,296,227
93$8,466,459$461,554$0$5,753,748
94$9,233,022$387,154$0$6,256,085
95$10,074,718$306,052$0$6,807,789
96$10,999,115$217,824$0$7,413,875
97$12,014,548$122,021$0$8,079,870
98$13,130,202$18,170$0$8,811,868
99$14,356,193$0$0$9,616,585
100$15,703,666$0$0$10,518,014