Can I retire at age 65 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$78,202$77,506$76,826$76,163$75,515$73,362
2 years$38,714$37,993$37,294$36,617$35,960$33,808
3 years$25,553$24,829$24,132$23,461$22,814$20,730
4 years$18,974$18,252$17,562$16,902$16,271$14,271
5 years$15,027$14,310$13,629$12,982$12,369$10,459
6 years$12,397$11,685$11,014$10,382$9,787$7,968
7 years$10,519$9,813$9,153$8,536$7,960$6,232
8 years$9,111$8,412$7,762$7,160$6,603$4,966
9 years$8,017$7,324$6,686$6,099$5,561$4,012
10 years$7,142$6,456$5,829$5,257$4,738$3,276
11 years$6,427$5,747$5,131$4,576$4,075$2,697
12 years$5,831$5,158$4,554$4,013$3,531$2,235
13 years$5,327$4,661$4,069$3,543$3,079$1,862
14 years$4,896$4,237$3,656$3,145$2,699$1,558
15 years$4,522$3,871$3,301$2,805$2,377$1,307
16 years$4,196$3,551$2,993$2,512$2,101$1,101
17 years$3,908$3,271$2,723$2,257$1,863$929
18 years$3,652$3,022$2,486$2,034$1,656$785
19 years$3,424$2,801$2,276$1,838$1,476$665
20 years$3,219$2,603$2,088$1,664$1,318$564
21 years$3,033$2,424$1,921$1,510$1,180$479
22 years$2,865$2,263$1,771$1,373$1,058$407
23 years$2,711$2,117$1,635$1,251$949$346
24 years$2,571$1,983$1,512$1,141$853$295
25 years$2,442$1,861$1,400$1,042$768$251
26 years$2,323$1,749$1,299$953$692$214
27 years$2,213$1,646$1,206$872$624$182
28 years$2,111$1,551$1,121$799$563$156
29 years$2,016$1,463$1,043$733$508$133
30 years$1,928$1,382$972$672$459$113
31 years$1,845$1,306$906$617$415$97
32 years$1,768$1,236$845$567$375$83
33 years$1,696$1,171$789$522$340$71
34 years$1,628$1,109$737$480$308$60
35 years$1,564$1,052$689$442$279$51
36 years$1,504$999$645$407$252$44
37 years$1,447$949$604$375$229$38
38 years$1,394$902$565$346$207$32
39 years$1,343$857$530$319$188$27
40 years$1,295$816$496$294$171$23
41 years$1,249$776$465$271$155$20
42 years$1,206$739$437$250$140$17
43 years$1,164$705$410$231$127$15
44 years$1,125$672$385$213$116$12
45 years$1,088$640$361$197$105$11
46 years$1,052$611$339$182$95$9
47 years$1,018$583$319$168$87$8
48 years$985$557$299$155$79$7
49 years$954$531$281$144$71$6
50 years$925$508$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $947,000, adding $4,425 every year, while hoping to spend $45,048 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: 75/18/7 Blend
64$947,000$947,000$947,000$947,000
65$1,048,158$997,967$983,289$1,125,475
66$1,107,140$998,937$968,298$1,177,924
67$1,170,628$998,444$951,296$1,229,206
68$1,239,034$996,370$932,166$1,284,104
69$1,312,811$992,588$910,790$1,342,961
70$1,392,456$986,964$887,040$1,406,153
71$1,478,516$979,354$860,785$1,474,095
72$1,571,591$969,609$831,887$1,547,245
73$1,672,341$957,567$800,203$1,626,109
74$1,781,491$943,060$765,582$1,711,242
75$1,899,840$925,907$727,866$1,803,260
76$2,028,265$905,917$686,890$1,902,839
77$2,167,730$882,889$642,483$2,010,726
78$2,319,297$856,609$594,464$2,127,747
79$2,484,133$826,850$542,647$2,254,808
80$2,663,523$793,374$486,834$2,392,913
81$2,858,879$755,927$426,820$2,543,167
82$3,071,759$714,241$362,392$2,706,790
83$3,303,871$668,032$293,326$2,885,127
84$3,557,102$617,001$219,388$3,079,662
85$3,833,523$560,831$140,334$3,292,030
86$4,135,418$499,187$55,910$3,524,037
87$4,465,298$431,715$0$3,777,674
88$4,825,930$358,041$0$4,057,689
89$5,220,360$277,770$0$4,368,574
90$5,651,940$190,484$0$4,708,842
91$6,124,363$95,743$0$5,081,459
92$6,641,696$0$0$5,489,700
93$7,208,414$0$0$5,938,542
94$7,829,449$0$0$6,451,222
95$8,510,233$0$0$7,013,265
96$9,256,744$0$0$7,629,613
97$10,075,572$0$0$8,305,710
98$10,973,971$0$0$9,047,552
99$11,959,933$0$0$9,861,743
100$13,042,263$0$0$10,755,559