Can I retire at age 65 with 951,000?

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 $951,000?

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$78,533$77,833$77,151$76,485$75,834$74,701
2 years$38,878$38,154$37,452$36,771$36,111$34,972
3 years$25,661$24,934$24,234$23,560$22,911$21,801
4 years$19,054$18,329$17,636$16,974$16,340$15,268
5 years$15,091$14,370$13,686$13,037$12,421$11,391
6 years$12,449$11,734$11,061$10,426$9,829$8,841
7 years$10,564$9,854$9,191$8,572$7,993$7,048
8 years$9,150$8,447$7,795$7,191$6,631$5,728
9 years$8,051$7,355$6,714$6,125$5,584$4,724
10 years$7,172$6,483$5,853$5,280$4,758$3,939
11 years$6,454$5,771$5,153$4,595$4,092$3,314
12 years$5,855$5,180$4,573$4,030$3,546$2,807
13 years$5,350$4,681$4,086$3,558$3,092$2,392
14 years$4,916$4,255$3,671$3,159$2,711$2,048
15 years$4,541$3,887$3,315$2,817$2,387$1,760
16 years$4,213$3,566$3,005$2,522$2,109$1,518
17 years$3,924$3,284$2,735$2,266$1,870$1,313
18 years$3,668$3,035$2,496$2,042$1,663$1,138
19 years$3,438$2,813$2,285$1,845$1,482$989
20 years$3,232$2,614$2,097$1,671$1,324$860
21 years$3,046$2,435$1,929$1,517$1,185$750
22 years$2,877$2,273$1,778$1,379$1,062$654
23 years$2,723$2,126$1,642$1,256$953$571
24 years$2,581$1,992$1,518$1,146$857$500
25 years$2,452$1,869$1,406$1,046$771$437
26 years$2,332$1,756$1,304$957$695$383
27 years$2,222$1,653$1,211$876$626$336
28 years$2,120$1,558$1,126$802$565$294
29 years$2,024$1,469$1,048$736$510$258
30 years$1,936$1,388$976$675$461$227
31 years$1,853$1,312$910$620$417$199
32 years$1,776$1,241$849$570$377$175
33 years$1,703$1,176$793$524$341$153
34 years$1,635$1,114$741$482$309$135
35 years$1,571$1,057$692$444$280$118
36 years$1,510$1,003$648$409$254$104
37 years$1,453$953$606$377$230$92
38 years$1,399$905$568$347$208$81
39 years$1,348$861$532$320$189$71
40 years$1,300$819$499$295$171$62
41 years$1,254$780$467$272$155$55
42 years$1,211$743$438$251$141$48
43 years$1,169$707$411$232$128$42
44 years$1,130$674$386$214$116$37
45 years$1,092$643$363$198$105$33
46 years$1,057$613$341$183$96$29
47 years$1,022$585$320$169$87$25
48 years$990$559$301$156$79$22
49 years$958$534$283$144$72$20
50 years$929$510$266$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $951,000, adding $6,508 every year, while hoping to spend $31,958 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: 64/10/26 Blend
64$951,000$951,000$951,000$951,000
65$1,054,715$1,004,312$989,572$1,114,600
66$1,128,293$1,019,520$988,719$1,171,071
67$1,208,305$1,034,403$986,767$1,228,623
68$1,295,373$1,048,909$983,645$1,290,800
69$1,390,182$1,062,987$979,278$1,358,061
70$1,493,486$1,076,579$973,590$1,430,909
71$1,606,115$1,089,625$966,498$1,509,903
72$1,728,982$1,102,059$957,919$1,595,656
73$1,863,090$1,113,812$947,761$1,688,845
74$2,009,547$1,124,811$935,933$1,790,218
75$2,169,569$1,134,975$922,335$1,900,600
76$2,344,498$1,144,222$906,866$2,020,899
77$2,535,809$1,152,461$889,419$2,152,118
78$2,745,128$1,159,597$869,880$2,295,363
79$2,974,242$1,165,529$848,133$2,451,854
80$3,225,124$1,170,149$824,054$2,622,936
81$3,499,942$1,173,342$797,515$2,810,094
82$3,801,085$1,174,985$768,381$3,014,963
83$4,131,186$1,174,950$736,512$3,239,348
84$4,493,143$1,173,098$701,761$3,485,240
85$4,890,147$1,169,283$663,974$3,754,833
86$5,325,715$1,163,351$622,990$4,050,548
87$5,803,720$1,155,137$578,641$4,375,053
88$6,328,426$1,144,465$530,753$4,731,293
89$6,904,533$1,131,152$479,141$5,122,512
90$7,537,218$1,115,001$423,614$5,552,289
91$8,232,181$1,095,803$363,973$6,024,570
92$8,995,705$1,073,339$300,007$6,543,707
93$9,834,710$1,047,375$231,500$7,114,498
94$10,756,818$1,017,664$158,223$7,742,231
95$11,770,429$983,945$79,939$8,432,739
96$12,884,796$945,941$0$9,192,452
97$14,110,111$903,359$0$10,029,460
98$15,457,608$855,889$0$10,974,312
99$16,939,660$803,203$0$12,013,498
100$18,569,900$744,955$0$13,156,598