Can I retire at age 65 with 946,000?

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 $946,000?

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$78,120$77,424$76,745$76,082$75,435$73,792
2 years$38,673$37,953$37,255$36,578$35,922$34,274
3 years$25,526$24,803$24,106$23,436$22,790$21,190
4 years$18,954$18,233$17,543$16,884$16,254$14,714
5 years$15,011$14,295$13,614$12,969$12,356$10,880
6 years$12,384$11,673$11,002$10,371$9,777$8,366
7 years$10,508$9,803$9,143$8,527$7,951$6,606
8 years$9,102$8,403$7,754$7,153$6,596$5,317
9 years$8,008$7,316$6,679$6,093$5,555$4,340
10 years$7,134$6,449$5,822$5,252$4,733$3,582
11 years$6,420$5,741$5,126$4,571$4,071$2,981
12 years$5,825$5,153$4,549$4,009$3,528$2,498
13 years$5,321$4,657$4,064$3,539$3,076$2,105
14 years$4,890$4,233$3,652$3,142$2,697$1,781
15 years$4,517$3,867$3,297$2,802$2,374$1,513
16 years$4,191$3,548$2,989$2,509$2,098$1,289
17 years$3,904$3,267$2,720$2,254$1,861$1,102
18 years$3,648$3,019$2,483$2,032$1,654$943
19 years$3,420$2,798$2,273$1,836$1,475$809
20 years$3,215$2,600$2,086$1,663$1,317$695
21 years$3,030$2,422$1,919$1,509$1,179$598
22 years$2,862$2,261$1,769$1,372$1,056$515
23 years$2,708$2,114$1,633$1,249$948$444
24 years$2,568$1,981$1,510$1,140$852$383
25 years$2,439$1,859$1,399$1,041$767$331
26 years$2,320$1,747$1,297$952$691$286
27 years$2,210$1,644$1,205$871$623$247
28 years$2,108$1,549$1,120$798$562$214
29 years$2,014$1,462$1,042$732$508$185
30 years$1,926$1,380$971$672$459$160
31 years$1,843$1,305$905$617$415$138
32 years$1,766$1,235$844$567$375$120
33 years$1,694$1,169$788$521$339$104
34 years$1,626$1,108$737$480$307$90
35 years$1,563$1,051$689$442$278$78
36 years$1,502$998$644$407$252$68
37 years$1,446$948$603$375$229$59
38 years$1,392$901$565$345$207$51
39 years$1,341$856$529$318$188$44
40 years$1,293$815$496$294$170$38
41 years$1,248$776$465$271$155$33
42 years$1,204$739$436$250$140$29
43 years$1,163$704$409$231$127$25
44 years$1,124$671$384$213$116$22
45 years$1,087$640$361$197$105$19
46 years$1,051$610$339$182$95$16
47 years$1,017$582$318$168$87$14
48 years$984$556$299$155$79$12
49 years$953$531$281$143$71$11
50 years$924$507$264$133$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $946,000, adding $6,292 every year, while hoping to spend $40,533 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: 71/17/12 Blend
64$946,000$946,000$946,000$946,000
65$1,048,982$998,844$984,181$1,120,377
66$1,112,852$1,004,661$974,024$1,174,333
67$1,181,877$1,009,404$962,169$1,227,831
68$1,256,542$1,012,978$948,515$1,285,313
69$1,337,377$1,015,282$932,958$1,347,164
70$1,424,967$1,016,208$915,389$1,413,808
71$1,519,953$1,015,641$895,694$1,485,714
72$1,623,040$1,013,460$873,753$1,563,396
73$1,735,007$1,009,536$849,440$1,647,425
74$1,856,706$1,003,732$822,625$1,738,427
75$1,989,078$995,902$793,170$1,837,095
76$2,133,155$985,893$760,933$1,944,194
77$2,290,076$973,541$725,763$2,060,564
78$2,461,092$958,673$687,504$2,187,136
79$2,647,581$941,105$645,993$2,324,935
80$2,851,058$920,643$601,058$2,475,090
81$3,073,193$897,082$552,521$2,638,850
82$3,315,823$870,203$500,194$2,817,588
83$3,580,970$839,775$443,883$3,012,824
84$3,870,859$805,555$383,384$3,226,229
85$4,187,944$767,284$318,484$3,459,649
86$4,534,922$724,689$248,961$3,715,121
87$4,914,766$677,481$174,583$3,994,890
88$5,330,748$625,353$95,108$4,301,431
89$5,786,473$567,984$10,282$4,637,476
90$6,285,909$505,031$0$5,006,038
91$6,833,428$436,134$0$5,420,711
92$7,433,844$360,912$0$5,876,959
93$8,092,461$278,960$0$6,377,539
94$8,815,117$189,855$0$6,926,947
95$9,608,247$93,146$0$7,530,134
96$10,478,937$0$0$8,192,562
97$11,434,992$0$0$8,922,425
98$12,485,013$0$0$9,743,208
99$13,638,470$0$0$10,644,899
100$14,905,799$0$0$11,635,660