Can I retire at age 65 with 945,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$78,037$77,342$76,664$76,002$75,356$74,230
2 years$38,632$37,913$37,215$36,539$35,884$34,752
3 years$25,499$24,776$24,081$23,411$22,766$21,663
4 years$18,934$18,213$17,525$16,866$16,237$15,172
5 years$14,996$14,279$13,600$12,955$12,343$11,319
6 years$12,371$11,660$10,991$10,360$9,767$8,785
7 years$10,497$9,792$9,133$8,518$7,943$7,004
8 years$9,092$8,394$7,746$7,145$6,589$5,692
9 years$8,000$7,308$6,671$6,086$5,549$4,694
10 years$7,127$6,442$5,816$5,246$4,728$3,914
11 years$6,413$5,735$5,121$4,566$4,066$3,293
12 years$5,818$5,147$4,544$4,005$3,524$2,790
13 years$5,316$4,652$4,060$3,536$3,073$2,377
14 years$4,885$4,228$3,648$3,139$2,694$2,035
15 years$4,513$3,863$3,294$2,799$2,372$1,749
16 years$4,187$3,544$2,986$2,506$2,096$1,508
17 years$3,900$3,264$2,717$2,252$1,859$1,305
18 years$3,645$3,016$2,481$2,029$1,653$1,131
19 years$3,417$2,795$2,271$1,834$1,473$982
20 years$3,212$2,597$2,084$1,661$1,316$855
21 years$3,027$2,419$1,917$1,507$1,177$745
22 years$2,859$2,258$1,767$1,370$1,055$650
23 years$2,705$2,112$1,631$1,248$947$568
24 years$2,565$1,979$1,509$1,138$852$496
25 years$2,436$1,857$1,397$1,040$766$434
26 years$2,318$1,745$1,296$951$690$380
27 years$2,208$1,643$1,203$870$622$333
28 years$2,106$1,548$1,119$797$561$292
29 years$2,012$1,460$1,041$731$507$256
30 years$1,924$1,379$970$671$458$225
31 years$1,841$1,304$904$616$414$198
32 years$1,764$1,233$843$566$375$174
33 years$1,692$1,168$788$521$339$152
34 years$1,625$1,107$736$479$307$134
35 years$1,561$1,050$688$441$278$118
36 years$1,501$997$644$406$252$103
37 years$1,444$947$602$374$228$91
38 years$1,391$900$564$345$207$80
39 years$1,340$855$529$318$188$70
40 years$1,292$814$495$293$170$62
41 years$1,246$775$464$271$154$54
42 years$1,203$738$436$250$140$48
43 years$1,162$703$409$231$127$42
44 years$1,123$670$384$213$115$37
45 years$1,085$639$360$197$105$33
46 years$1,050$610$338$182$95$29
47 years$1,016$582$318$168$86$25
48 years$983$555$299$155$78$22
49 years$952$530$281$143$71$20
50 years$923$507$264$132$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $945,000, adding $2,996 every year, while hoping to spend $28,371 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: 70/17/13 Blend
64$945,000$945,000$945,000$945,000
65$1,044,480$994,395$979,748$1,114,417
66$1,120,831$1,012,934$982,383$1,179,772
67$1,204,018$1,031,431$984,155$1,247,559
68$1,294,710$1,049,852$985,006$1,321,001
69$1,393,640$1,068,165$984,874$1,400,649
70$1,501,618$1,086,332$983,694$1,487,111
71$1,619,533$1,104,312$981,398$1,581,059
72$1,748,365$1,122,063$977,914$1,683,231
73$1,889,193$1,139,538$973,168$1,794,441
74$2,043,203$1,156,689$967,082$1,915,584
75$2,211,704$1,173,460$959,574$2,047,651
76$2,396,135$1,189,797$950,557$2,191,728
77$2,598,081$1,205,638$939,941$2,349,017
78$2,819,288$1,220,917$927,632$2,520,840
79$3,061,679$1,235,565$913,531$2,708,654
80$3,327,371$1,249,509$897,535$2,914,065
81$3,618,695$1,262,667$879,535$3,138,845
82$3,938,221$1,274,956$859,417$3,384,942
83$4,288,776$1,286,285$837,064$3,654,509
84$4,673,476$1,296,559$812,352$3,949,914
85$5,095,755$1,305,674$785,149$4,273,770
86$5,559,391$1,313,522$755,321$4,628,956
87$6,068,551$1,319,986$722,726$5,018,643
88$6,627,821$1,324,943$687,215$5,446,330
89$7,242,255$1,328,262$648,633$5,915,871
90$7,917,421$1,329,802$606,818$6,431,514
91$8,659,452$1,329,417$561,601$6,997,942
92$9,475,106$1,326,948$512,805$7,620,314
93$10,371,827$1,322,229$460,243$8,304,320
94$11,357,816$1,315,081$403,725$9,056,229
95$12,442,110$1,305,317$343,047$9,882,950
96$13,634,665$1,292,737$277,998$10,792,101
97$14,946,450$1,277,130$208,360$11,792,075
98$16,389,549$1,258,271$133,902$12,892,124
99$17,977,280$1,235,923$54,384$14,102,446
100$19,724,313$1,209,833$0$15,434,280