Can I retire at age 65 with 945,000?

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 $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%12.3%
1 years$78,037$77,342$76,664$76,002$75,356$74,631
2 years$38,632$37,913$37,215$36,539$35,884$35,153
3 years$25,499$24,776$24,081$23,411$22,766$22,053
4 years$18,934$18,213$17,525$16,866$16,237$15,547
5 years$14,996$14,279$13,600$12,955$12,343$11,678
6 years$12,371$11,660$10,991$10,360$9,767$9,127
7 years$10,497$9,792$9,133$8,518$7,943$7,329
8 years$9,092$8,394$7,746$7,145$6,589$6,002
9 years$8,000$7,308$6,671$6,086$5,549$4,987
10 years$7,127$6,442$5,816$5,246$4,728$4,191
11 years$6,413$5,735$5,121$4,566$4,066$3,555
12 years$5,818$5,147$4,544$4,005$3,524$3,037
13 years$5,316$4,652$4,060$3,536$3,073$2,609
14 years$4,885$4,228$3,648$3,139$2,694$2,253
15 years$4,513$3,863$3,294$2,799$2,372$1,954
16 years$4,187$3,544$2,986$2,506$2,096$1,700
17 years$3,900$3,264$2,717$2,252$1,859$1,484
18 years$3,645$3,016$2,481$2,029$1,653$1,299
19 years$3,417$2,795$2,271$1,834$1,473$1,139
20 years$3,212$2,597$2,084$1,661$1,316$1,000
21 years$3,027$2,419$1,917$1,507$1,177$880
22 years$2,859$2,258$1,767$1,370$1,055$776
23 years$2,705$2,112$1,631$1,248$947$684
24 years$2,565$1,979$1,509$1,138$852$605
25 years$2,436$1,857$1,397$1,040$766$534
26 years$2,318$1,745$1,296$951$690$473
27 years$2,208$1,643$1,203$870$622$419
28 years$2,106$1,548$1,119$797$561$371
29 years$2,012$1,460$1,041$731$507$329
30 years$1,924$1,379$970$671$458$292
31 years$1,841$1,304$904$616$414$259
32 years$1,764$1,233$843$566$375$230
33 years$1,692$1,168$788$521$339$204
34 years$1,625$1,107$736$479$307$181
35 years$1,561$1,050$688$441$278$161
36 years$1,501$997$644$406$252$143
37 years$1,444$947$602$374$228$127
38 years$1,391$900$564$345$207$113
39 years$1,340$855$529$318$188$101
40 years$1,292$814$495$293$170$90
41 years$1,246$775$464$271$154$80
42 years$1,203$738$436$250$140$71
43 years$1,162$703$409$231$127$63
44 years$1,123$670$384$213$115$56
45 years$1,085$639$360$197$105$50
46 years$1,050$610$338$182$95$44
47 years$1,016$582$318$168$86$40
48 years$983$555$299$155$78$35
49 years$952$530$281$143$71$31
50 years$923$507$264$132$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $945,000, adding $5,345 every year, while hoping to spend $36,853 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: 64/17/19 Blend
64$945,000$945,000$945,000$945,000
65$1,046,903$996,818$982,171$1,108,546
66$1,114,476$1,006,451$975,862$1,160,259
67$1,187,706$1,015,321$968,107$1,212,065
68$1,267,132$1,023,351$958,818$1,267,792
69$1,353,345$1,030,460$947,904$1,327,826
70$1,446,995$1,036,563$935,268$1,392,591
71$1,548,800$1,041,566$920,811$1,462,557
72$1,659,547$1,045,371$904,428$1,538,242
73$1,780,102$1,047,876$886,007$1,620,215
74$1,911,419$1,048,968$865,435$1,709,108
75$2,054,547$1,048,532$842,591$1,805,617
76$2,210,642$1,046,440$817,348$1,910,508
77$2,380,974$1,042,563$789,576$2,024,630
78$2,566,943$1,036,757$759,136$2,148,916
79$2,770,088$1,028,876$725,884$2,284,398
80$2,992,106$1,018,759$689,670$2,432,216
81$3,234,862$1,006,240$650,336$2,593,623
82$3,500,413$991,141$607,717$2,770,007
83$3,791,022$973,273$561,642$2,962,896
84$4,109,180$952,437$511,931$3,173,976
85$4,457,631$928,422$458,395$3,405,109
86$4,839,398$901,003$400,840$3,658,349
87$5,257,808$869,944$339,060$3,935,958
88$5,716,528$834,994$272,841$4,240,438
89$6,219,592$795,888$201,961$4,574,542
90$6,771,449$752,345$126,185$4,941,313
91$7,376,995$704,068$45,270$5,344,102
92$8,041,625$650,743$0$5,786,610
93$8,771,281$592,040$0$6,281,244
94$9,572,508$527,606$0$6,834,511
95$10,452,517$457,072$0$7,442,242
96$11,419,250$380,045$0$8,109,970
97$12,481,458$296,112$0$8,843,792
98$13,648,782$204,836$0$9,650,429
99$14,931,839$105,755$0$10,537,287
100$16,342,332$0$0$11,512,531