Can I retire at age 65 with 946,000?

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 $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%12.9%
1 years$78,120$77,424$76,745$76,082$75,435$74,524
2 years$38,673$37,953$37,255$36,578$35,922$35,004
3 years$25,526$24,803$24,106$23,436$22,790$21,895
4 years$18,954$18,233$17,543$16,884$16,254$15,389
5 years$15,011$14,295$13,614$12,969$12,356$11,523
6 years$12,384$11,673$11,002$10,371$9,777$8,977
7 years$10,508$9,803$9,143$8,527$7,951$7,185
8 years$9,102$8,403$7,754$7,153$6,596$5,863
9 years$8,008$7,316$6,679$6,093$5,555$4,855
10 years$7,134$6,449$5,822$5,252$4,733$4,066
11 years$6,420$5,741$5,126$4,571$4,071$3,435
12 years$5,825$5,153$4,549$4,009$3,528$2,923
13 years$5,321$4,657$4,064$3,539$3,076$2,502
14 years$4,890$4,233$3,652$3,142$2,697$2,152
15 years$4,517$3,867$3,297$2,802$2,374$1,859
16 years$4,191$3,548$2,989$2,509$2,098$1,611
17 years$3,904$3,267$2,720$2,254$1,861$1,400
18 years$3,648$3,019$2,483$2,032$1,654$1,220
19 years$3,420$2,798$2,273$1,836$1,475$1,065
20 years$3,215$2,600$2,086$1,663$1,317$931
21 years$3,030$2,422$1,919$1,509$1,179$816
22 years$2,862$2,261$1,769$1,372$1,056$716
23 years$2,708$2,114$1,633$1,249$948$629
24 years$2,568$1,981$1,510$1,140$852$553
25 years$2,439$1,859$1,399$1,041$767$486
26 years$2,320$1,747$1,297$952$691$428
27 years$2,210$1,644$1,205$871$623$377
28 years$2,108$1,549$1,120$798$562$333
29 years$2,014$1,462$1,042$732$508$294
30 years$1,926$1,380$971$672$459$259
31 years$1,843$1,305$905$617$415$229
32 years$1,766$1,235$844$567$375$202
33 years$1,694$1,169$788$521$339$179
34 years$1,626$1,108$737$480$307$158
35 years$1,563$1,051$689$442$278$140
36 years$1,502$998$644$407$252$123
37 years$1,446$948$603$375$229$109
38 years$1,392$901$565$345$207$97
39 years$1,341$856$529$318$188$85
40 years$1,293$815$496$294$170$76
41 years$1,248$776$465$271$155$67
42 years$1,204$739$436$250$140$59
43 years$1,163$704$409$231$127$52
44 years$1,124$671$384$213$116$46
45 years$1,087$640$361$197$105$41
46 years$1,051$610$339$182$95$36
47 years$1,017$582$318$168$87$32
48 years$984$556$299$155$79$29
49 years$953$531$281$143$71$25
50 years$924$507$264$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $946,000, adding $4,130 every year, while hoping to spend $40,187 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: 41/30/29 Blend
64$946,000$946,000$946,000$946,000
65$1,046,752$996,614$981,951$1,080,601
66$1,110,762$1,002,690$972,088$1,111,592
67$1,179,954$1,007,716$960,547$1,141,067
68$1,254,815$1,011,599$947,231$1,172,213
69$1,335,878$1,014,239$932,035$1,205,211
70$1,423,731$1,015,531$914,852$1,240,259
71$1,519,021$1,015,361$895,568$1,277,581
72$1,622,457$1,013,610$874,066$1,317,424
73$1,734,822$1,010,150$850,221$1,360,064
74$1,856,974$1,004,848$823,904$1,405,810
75$1,989,859$997,560$794,979$1,455,001
76$2,134,518$988,134$763,304$1,508,020
77$2,292,096$976,409$728,732$1,565,286
78$2,463,853$962,216$691,107$1,627,271
79$2,651,174$945,373$650,267$1,694,495
80$2,855,586$925,688$606,044$1,767,537
81$3,078,769$902,960$558,259$1,847,039
82$3,322,572$876,974$506,729$1,933,714
83$3,589,031$847,502$451,261$2,028,353
84$3,880,386$814,304$391,653$2,131,831
85$4,199,106$777,125$327,693$2,245,121
86$4,547,907$735,697$259,163$2,369,300
87$4,929,781$689,734$185,833$2,505,562
88$5,348,023$638,935$107,463$2,655,228
89$5,806,262$582,983$23,803$2,819,764
90$6,308,491$521,540$0$3,000,789
91$6,859,113$454,251$0$3,220,360
92$7,462,974$380,741$0$3,469,380
93$8,125,412$300,611$0$3,742,761
94$8,852,306$213,444$0$4,043,029
95$9,650,135$118,796$0$4,372,969
96$10,526,031$16,199$0$4,735,655
97$11,487,853$0$0$5,134,484
98$12,544,258$0$0$5,604,511
99$13,704,783$0$0$6,126,867
100$14,979,933$0$0$6,700,951