Can I retire at age 65 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$77,955$77,260$76,583$75,922$75,276$73,576
2 years$38,591$37,873$37,176$36,501$35,846$34,142
3 years$25,472$24,750$24,055$23,386$22,742$21,088
4 years$18,914$18,194$17,506$16,849$16,220$14,628
5 years$14,980$14,264$13,586$12,941$12,330$10,805
6 years$12,358$11,648$10,979$10,349$9,756$8,300
7 years$10,486$9,782$9,124$8,509$7,934$6,546
8 years$9,082$8,385$7,738$7,138$6,582$5,263
9 years$7,992$7,301$6,664$6,080$5,543$4,291
10 years$7,119$6,435$5,810$5,241$4,723$3,536
11 years$6,406$5,729$5,115$4,561$4,062$2,939
12 years$5,812$5,142$4,540$4,001$3,520$2,460
13 years$5,310$4,647$4,056$3,532$3,070$2,070
14 years$4,880$4,224$3,644$3,135$2,691$1,749
15 years$4,508$3,858$3,290$2,796$2,369$1,484
16 years$4,182$3,540$2,983$2,504$2,094$1,263
17 years$3,895$3,260$2,714$2,250$1,857$1,077
18 years$3,641$3,013$2,478$2,027$1,651$921
19 years$3,413$2,792$2,268$1,832$1,471$789
20 years$3,208$2,595$2,082$1,659$1,314$677
21 years$3,023$2,417$1,915$1,506$1,176$581
22 years$2,856$2,256$1,765$1,369$1,054$500
23 years$2,703$2,110$1,630$1,247$946$430
24 years$2,562$1,977$1,507$1,137$851$371
25 years$2,434$1,855$1,396$1,039$765$320
26 years$2,315$1,744$1,295$950$689$276
27 years$2,206$1,641$1,202$869$622$238
28 years$2,104$1,546$1,118$796$561$205
29 years$2,010$1,459$1,040$730$506$177
30 years$1,922$1,378$969$670$458$153
31 years$1,839$1,302$903$616$414$132
32 years$1,763$1,232$843$566$374$114
33 years$1,691$1,167$787$520$339$99
34 years$1,623$1,106$735$479$307$86
35 years$1,559$1,049$687$441$278$74
36 years$1,499$996$643$406$252$64
37 years$1,443$946$602$374$228$55
38 years$1,389$899$564$345$207$48
39 years$1,339$855$528$318$188$41
40 years$1,291$813$495$293$170$36
41 years$1,245$774$464$270$154$31
42 years$1,202$737$435$250$140$27
43 years$1,161$702$408$230$127$23
44 years$1,122$669$383$213$115$20
45 years$1,084$638$360$196$105$17
46 years$1,049$609$338$181$95$15
47 years$1,015$581$318$168$86$13
48 years$982$555$298$155$78$11
49 years$951$530$281$143$71$10
50 years$922$506$264$132$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $944,000, adding $3,302 every year, while hoping to spend $34,953 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: 67/5/28 Blend
64$944,000$944,000$944,000$944,000
65$1,043,694$993,662$979,030$1,105,757
66$1,112,961$1,005,162$974,638$1,159,487
67$1,188,122$1,016,053$968,927$1,213,993
68$1,269,741$1,026,271$961,816$1,272,831
69$1,358,438$1,035,742$953,221$1,336,429
70$1,454,897$1,044,391$943,052$1,405,263
71$1,559,869$1,052,139$931,217$1,479,855
72$1,674,180$1,058,898$917,617$1,560,784
73$1,798,739$1,064,577$902,150$1,648,687
74$1,934,548$1,069,078$884,709$1,744,266
75$2,082,708$1,072,299$865,183$1,848,297
76$2,244,432$1,074,129$843,454$1,961,636
77$2,421,054$1,074,452$819,400$2,085,227
78$2,614,043$1,073,142$792,892$2,220,112
79$2,825,018$1,070,069$763,797$2,367,439
80$3,055,760$1,065,091$731,973$2,528,475
81$3,308,228$1,058,062$697,275$2,704,618
82$3,584,583$1,048,822$659,550$2,897,409
83$3,887,202$1,037,206$618,636$3,108,550
84$4,218,703$1,023,036$574,367$3,339,916
85$4,581,970$1,006,124$526,568$3,593,576
86$4,980,178$986,272$475,055$3,871,810
87$5,416,826$963,268$419,639$4,177,136
88$5,895,764$936,891$360,119$4,512,329
89$6,421,237$906,903$296,288$4,880,447
90$6,997,917$873,055$227,927$5,284,868
91$7,630,953$835,083$154,811$5,729,311
92$8,326,014$792,706$76,701$6,217,880
93$9,089,348$745,629$0$6,755,101
94$9,927,835$693,539$0$7,347,952
95$10,849,057$636,104$0$8,024,531
96$11,861,363$572,976$0$8,768,043
97$12,973,954$503,784$0$9,585,263
98$14,196,966$428,138$0$10,483,653
99$15,541,564$345,624$0$11,471,435
100$17,020,051$255,808$0$12,557,668