Can I retire at age 65 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$78,615$77,915$77,232$76,565$75,914$72,873
2 years$38,918$38,194$37,491$36,810$36,149$33,124
3 years$25,688$24,960$24,259$23,585$22,935$20,020
4 years$19,074$18,348$17,655$16,991$16,357$13,575
5 years$15,107$14,385$13,701$13,051$12,434$9,793
6 years$12,463$11,747$11,072$10,437$9,839$7,339
7 years$10,575$9,865$9,201$8,581$8,002$5,642
8 years$9,159$8,456$7,803$7,198$6,638$4,417
9 years$8,059$7,362$6,721$6,131$5,590$3,504
10 years$7,180$6,490$5,859$5,285$4,763$2,807
11 years$6,460$5,777$5,159$4,600$4,097$2,267
12 years$5,862$5,185$4,578$4,035$3,550$1,841
13 years$5,355$4,686$4,090$3,562$3,096$1,503
14 years$4,921$4,260$3,675$3,162$2,714$1,231
15 years$4,546$3,891$3,318$2,820$2,389$1,012
16 years$4,218$3,570$3,008$2,525$2,112$833
17 years$3,928$3,288$2,737$2,269$1,872$688
18 years$3,671$3,038$2,499$2,044$1,665$569
19 years$3,442$2,816$2,288$1,847$1,484$471
20 years$3,236$2,617$2,100$1,673$1,325$390
21 years$3,049$2,437$1,931$1,518$1,186$324
22 years$2,880$2,275$1,780$1,381$1,063$269
23 years$2,725$2,128$1,643$1,257$954$223
24 years$2,584$1,994$1,520$1,147$858$186
25 years$2,454$1,871$1,408$1,047$772$154
26 years$2,335$1,758$1,306$958$695$128
27 years$2,224$1,655$1,212$877$627$107
28 years$2,122$1,559$1,127$803$566$89
29 years$2,027$1,471$1,049$736$511$74
30 years$1,938$1,389$977$676$461$62
31 years$1,855$1,313$911$621$417$51
32 years$1,778$1,243$850$570$377$43
33 years$1,705$1,177$793$525$342$36
34 years$1,637$1,115$741$483$309$30
35 years$1,572$1,058$693$444$280$25
36 years$1,512$1,004$648$409$254$21
37 years$1,455$954$607$377$230$17
38 years$1,401$906$568$348$209$14
39 years$1,350$862$532$320$189$12
40 years$1,302$820$499$296$172$10
41 years$1,256$781$468$273$156$8
42 years$1,212$743$439$252$141$7
43 years$1,171$708$412$232$128$6
44 years$1,131$675$387$214$116$5
45 years$1,094$644$363$198$106$4
46 years$1,058$614$341$183$96$3
47 years$1,023$586$320$169$87$3
48 years$991$559$301$156$79$2
49 years$959$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $952,000, adding $4,825 every year, while hoping to spend $51,692 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: 67/15/18 Blend
64$952,000$952,000$952,000$952,000
65$1,054,081$1,003,625$988,869$1,119,743
66$1,106,597$997,803$966,996$1,158,434
67$1,162,738$989,963$942,658$1,194,265
68$1,222,818$979,951$915,718$1,232,184
69$1,287,182$967,606$886,032$1,272,392
70$1,356,211$952,755$853,449$1,315,116
71$1,430,319$935,214$817,814$1,360,604
72$1,509,962$914,791$778,962$1,409,132
73$1,595,643$891,280$736,722$1,461,007
74$1,687,911$864,465$690,914$1,516,566
75$1,787,369$834,115$641,351$1,576,186
76$1,894,682$799,988$587,838$1,640,282
77$2,010,578$761,826$530,169$1,709,313
78$2,135,859$719,358$468,132$1,783,789
79$2,271,405$672,294$401,503$1,864,273
80$2,418,184$620,332$330,048$1,951,388
81$2,577,259$563,149$253,526$2,045,826
82$2,749,802$500,406$171,681$2,148,348
83$2,937,098$431,742$84,249$2,259,800
84$3,140,564$356,779$0$2,381,115
85$3,361,755$275,115$0$2,515,065
86$3,602,384$186,326$0$2,678,435
87$3,864,336$89,965$0$2,856,346
88$4,149,684$0$0$3,050,255
89$4,460,711$0$0$3,264,152
90$4,799,926$0$0$3,513,683
91$5,170,094$0$0$3,786,039
92$5,574,257$0$0$4,083,464
93$6,015,765$0$0$4,408,432
94$6,498,304$0$0$4,763,662
95$7,025,933$0$0$5,152,152
96$7,603,122$0$0$5,577,199
97$8,234,791$0$0$6,042,436
98$8,926,359$0$0$6,551,863
99$9,683,793$0$0$7,109,884
100$10,513,664$0$0$7,721,349