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%17.7%
1 years$78,615$77,915$77,232$76,565$75,914$73,543
2 years$38,918$38,194$37,491$36,810$36,149$33,782
3 years$25,688$24,960$24,259$23,585$22,935$20,645
4 years$19,074$18,348$17,655$16,991$16,357$14,162
5 years$15,107$14,385$13,701$13,051$12,434$10,341
6 years$12,463$11,747$11,072$10,437$9,839$7,848
7 years$10,575$9,865$9,201$8,581$8,002$6,114
8 years$9,159$8,456$7,803$7,198$6,638$4,852
9 years$8,059$7,362$6,721$6,131$5,590$3,903
10 years$7,180$6,490$5,859$5,285$4,763$3,173
11 years$6,460$5,777$5,159$4,600$4,097$2,601
12 years$5,862$5,185$4,578$4,035$3,550$2,145
13 years$5,355$4,686$4,090$3,562$3,096$1,778
14 years$4,921$4,260$3,675$3,162$2,714$1,481
15 years$4,546$3,891$3,318$2,820$2,389$1,237
16 years$4,218$3,570$3,008$2,525$2,112$1,036
17 years$3,928$3,288$2,737$2,269$1,872$870
18 years$3,671$3,038$2,499$2,044$1,665$732
19 years$3,442$2,816$2,288$1,847$1,484$616
20 years$3,236$2,617$2,100$1,673$1,325$520
21 years$3,049$2,437$1,931$1,518$1,186$439
22 years$2,880$2,275$1,780$1,381$1,063$371
23 years$2,725$2,128$1,643$1,257$954$314
24 years$2,584$1,994$1,520$1,147$858$266
25 years$2,454$1,871$1,408$1,047$772$225
26 years$2,335$1,758$1,306$958$695$191
27 years$2,224$1,655$1,212$877$627$162
28 years$2,122$1,559$1,127$803$566$137
29 years$2,027$1,471$1,049$736$511$116
30 years$1,938$1,389$977$676$461$99
31 years$1,855$1,313$911$621$417$84
32 years$1,778$1,243$850$570$377$71
33 years$1,705$1,177$793$525$342$60
34 years$1,637$1,115$741$483$309$51
35 years$1,572$1,058$693$444$280$44
36 years$1,512$1,004$648$409$254$37
37 years$1,455$954$607$377$230$31
38 years$1,401$906$568$348$209$27
39 years$1,350$862$532$320$189$23
40 years$1,302$820$499$296$172$19
41 years$1,256$781$468$273$156$16
42 years$1,212$743$439$252$141$14
43 years$1,171$708$412$232$128$12
44 years$1,131$675$387$214$116$10
45 years$1,094$644$363$198$106$9
46 years$1,058$614$341$183$96$7
47 years$1,023$586$320$169$87$6
48 years$991$559$301$156$79$5
49 years$959$534$283$144$72$4
50 years$929$510$266$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $952,000, adding $5,059 every year, while hoping to spend $40,109 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: 73/16/11 Blend
64$952,000$952,000$952,000$952,000
65$1,054,322$1,003,866$989,110$1,128,647
66$1,119,188$1,010,380$979,570$1,184,956
67$1,189,325$1,015,869$968,366$1,241,141
68$1,265,229$1,020,240$955,399$1,301,582
69$1,347,446$1,023,395$940,568$1,366,689
70$1,436,573$1,025,229$923,765$1,436,912
71$1,533,269$1,025,631$904,877$1,512,752
72$1,638,259$1,024,483$883,787$1,594,756
73$1,752,338$1,021,660$860,370$1,683,532
74$1,876,384$1,017,028$834,499$1,779,746
75$2,011,359$1,010,446$806,039$1,884,136
76$2,158,324$1,001,764$774,848$1,997,514
77$2,318,447$990,824$740,779$2,120,774
78$2,493,011$977,458$703,678$2,254,906
79$2,683,431$961,486$663,384$2,400,997
80$2,891,261$942,719$619,728$2,560,248
81$3,118,215$920,958$572,534$2,733,984
82$3,366,178$895,989$521,619$2,923,666
83$3,637,225$867,590$466,790$3,130,902
84$3,933,641$835,521$407,847$3,357,470
85$4,257,942$799,531$344,579$3,605,326
86$4,612,899$759,355$276,770$3,876,631
87$5,001,562$714,711$204,188$4,173,765
88$5,427,290$665,300$126,597$4,499,354
89$5,893,783$610,809$43,748$4,856,293
90$6,405,115$550,904$0$5,247,774
91$6,965,772$485,235$0$5,682,560
92$7,580,698$413,428$0$6,165,111
93$8,255,335$335,093$0$6,694,598
94$8,995,680$249,813$0$7,275,776
95$9,808,337$157,150$0$7,913,885
96$10,700,579$56,643$0$8,614,698
97$11,680,422$0$0$9,384,580
98$12,756,694$0$0$10,239,737
99$13,939,118$0$0$11,190,241
100$15,238,408$0$0$12,234,736