Can I retire at age 65 with 952,000?

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 $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%11%
1 years$78,615$77,915$77,232$76,565$75,914$75,594
2 years$38,918$38,194$37,491$36,810$36,149$35,827
3 years$25,688$24,960$24,259$23,585$22,935$22,619
4 years$19,074$18,348$17,655$16,991$16,357$16,051
5 years$15,107$14,385$13,701$13,051$12,434$12,138
6 years$12,463$11,747$11,072$10,437$9,839$9,553
7 years$10,575$9,865$9,201$8,581$8,002$7,727
8 years$9,159$8,456$7,803$7,198$6,638$6,374
9 years$8,059$7,362$6,721$6,131$5,590$5,337
10 years$7,180$6,490$5,859$5,285$4,763$4,521
11 years$6,460$5,777$5,159$4,600$4,097$3,864
12 years$5,862$5,185$4,578$4,035$3,550$3,328
13 years$5,355$4,686$4,090$3,562$3,096$2,884
14 years$4,921$4,260$3,675$3,162$2,714$2,512
15 years$4,546$3,891$3,318$2,820$2,389$2,197
16 years$4,218$3,570$3,008$2,525$2,112$1,929
17 years$3,928$3,288$2,737$2,269$1,872$1,699
18 years$3,671$3,038$2,499$2,044$1,665$1,500
19 years$3,442$2,816$2,288$1,847$1,484$1,328
20 years$3,236$2,617$2,100$1,673$1,325$1,177
21 years$3,049$2,437$1,931$1,518$1,186$1,046
22 years$2,880$2,275$1,780$1,381$1,063$931
23 years$2,725$2,128$1,643$1,257$954$829
24 years$2,584$1,994$1,520$1,147$858$740
25 years$2,454$1,871$1,408$1,047$772$661
26 years$2,335$1,758$1,306$958$695$591
27 years$2,224$1,655$1,212$877$627$528
28 years$2,122$1,559$1,127$803$566$473
29 years$2,027$1,471$1,049$736$511$424
30 years$1,938$1,389$977$676$461$380
31 years$1,855$1,313$911$621$417$341
32 years$1,778$1,243$850$570$377$306
33 years$1,705$1,177$793$525$342$274
34 years$1,637$1,115$741$483$309$246
35 years$1,572$1,058$693$444$280$221
36 years$1,512$1,004$648$409$254$199
37 years$1,455$954$607$377$230$179
38 years$1,401$906$568$348$209$161
39 years$1,350$862$532$320$189$144
40 years$1,302$820$499$296$172$130
41 years$1,256$781$468$273$156$117
42 years$1,212$743$439$252$141$105
43 years$1,171$708$412$232$128$95
44 years$1,131$675$387$214$116$85
45 years$1,094$644$363$198$106$77
46 years$1,058$614$341$183$96$69
47 years$1,023$586$320$169$87$62
48 years$991$559$301$156$79$56
49 years$959$534$283$144$72$50
50 years$929$510$266$133$65$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $952,000, adding $3,714 every year, while hoping to spend $45,939 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: 33/45/22 Blend
64$952,000$952,000$952,000$952,000
65$1,052,935$1,002,479$987,723$1,080,467
66$1,111,456$1,002,722$971,933$1,101,598
67$1,174,406$1,001,437$954,074$1,119,921
68$1,242,188$998,500$934,029$1,138,727
69$1,315,247$993,782$911,674$1,158,089
70$1,394,067$987,143$886,881$1,178,088
71$1,479,185$978,435$859,514$1,198,819
72$1,571,186$967,503$829,432$1,220,389
73$1,670,717$954,180$796,488$1,242,922
74$1,778,487$938,292$760,527$1,266,558
75$1,895,276$919,652$721,388$1,291,456
76$2,021,942$898,063$678,903$1,317,797
77$2,159,429$873,317$632,894$1,345,785
78$2,308,773$845,192$583,179$1,375,652
79$2,471,117$813,456$529,565$1,407,660
80$2,647,716$777,860$471,850$1,442,101
81$2,839,951$738,143$409,825$1,479,308
82$3,049,342$694,028$343,270$1,519,653
83$3,277,562$645,223$271,957$1,563,554
84$3,526,452$591,417$195,646$1,611,481
85$3,798,039$532,285$114,088$1,663,958
86$4,094,551$467,479$27,023$1,721,575
87$4,418,444$396,635$0$1,784,991
88$4,772,422$319,366$0$1,870,408
89$5,159,459$235,265$0$1,970,958
90$5,582,832$143,901$0$2,081,277
91$6,046,148$44,819$0$2,202,463
92$6,553,379$0$0$2,335,731
93$7,108,899$0$0$2,513,364
94$7,717,524$0$0$2,732,433
95$8,384,561$0$0$2,972,672
96$9,115,850$0$0$3,236,205
97$9,917,827$0$0$3,525,367
98$10,797,578$0$0$3,842,735
99$11,762,911$0$0$4,191,145
100$12,822,423$0$0$4,573,720