Can I retire at age 65 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$78,698$77,997$77,313$76,645$75,994$74,247
2 years$38,959$38,234$37,531$36,849$36,187$34,437
3 years$25,715$24,986$24,285$23,609$22,959$21,260
4 years$19,094$18,367$17,673$17,009$16,374$14,740
5 years$15,122$14,400$13,715$13,065$12,448$10,882
6 years$12,476$11,759$11,084$10,448$9,849$8,354
7 years$10,586$9,875$9,211$8,590$8,010$6,586
8 years$9,169$8,465$7,811$7,206$6,645$5,291
9 years$8,068$7,370$6,728$6,138$5,596$4,311
10 years$7,187$6,496$5,866$5,291$4,768$3,551
11 years$6,467$5,783$5,164$4,605$4,101$2,950
12 years$5,868$5,191$4,583$4,039$3,554$2,467
13 years$5,361$4,691$4,095$3,566$3,099$2,074
14 years$4,927$4,264$3,679$3,165$2,716$1,752
15 years$4,551$3,895$3,322$2,823$2,392$1,485
16 years$4,222$3,574$3,012$2,528$2,114$1,263
17 years$3,933$3,291$2,740$2,271$1,874$1,077
18 years$3,675$3,041$2,502$2,047$1,667$920
19 years$3,446$2,819$2,290$1,849$1,485$787
20 years$3,239$2,619$2,102$1,675$1,327$675
21 years$3,052$2,440$1,933$1,520$1,187$579
22 years$2,883$2,277$1,782$1,382$1,064$498
23 years$2,728$2,130$1,645$1,259$955$428
24 years$2,587$1,996$1,521$1,148$859$368
25 years$2,457$1,873$1,409$1,048$773$317
26 years$2,337$1,760$1,307$959$696$274
27 years$2,227$1,657$1,214$877$628$236
28 years$2,124$1,561$1,128$804$566$203
29 years$2,029$1,473$1,050$737$511$176
30 years$1,940$1,391$978$677$462$152
31 years$1,857$1,315$912$621$418$131
32 years$1,779$1,244$851$571$378$113
33 years$1,707$1,178$794$525$342$98
34 years$1,638$1,117$742$483$310$84
35 years$1,574$1,059$694$445$280$73
36 years$1,514$1,005$649$410$254$63
37 years$1,456$955$607$377$230$55
38 years$1,402$907$569$348$209$47
39 years$1,351$863$533$321$189$41
40 years$1,303$821$500$296$172$35
41 years$1,257$781$468$273$156$30
42 years$1,213$744$439$252$141$26
43 years$1,172$709$412$233$128$23
44 years$1,132$676$387$215$116$20
45 years$1,095$644$363$198$106$17
46 years$1,059$615$341$183$96$15
47 years$1,024$587$321$169$87$13
48 years$992$560$301$156$79$11
49 years$960$535$283$145$72$10
50 years$930$511$266$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $953,000, adding $5,732 every year, while hoping to spend $56,994 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: 35/41/24 Blend
64$953,000$953,000$953,000$953,000
65$1,056,119$1,005,610$990,838$1,085,238
66$1,103,201$994,243$963,390$1,095,949
67$1,153,177$980,410$933,112$1,101,886
68$1,206,279$963,928$899,850$1,107,155
69$1,262,765$944,606$863,440$1,111,730
70$1,322,917$922,242$823,715$1,115,592
71$1,387,041$896,618$780,496$1,118,723
72$1,455,475$867,509$733,599$1,121,108
73$1,528,589$834,672$682,830$1,122,739
74$1,606,787$797,853$627,987$1,123,613
75$1,690,514$756,782$568,859$1,123,732
76$1,780,255$711,173$505,224$1,123,107
77$1,876,545$660,724$436,853$1,121,756
78$1,979,969$605,117$363,505$1,119,708
79$2,091,172$544,013$284,928$1,117,006
80$2,210,858$477,057$200,860$1,113,702
81$2,339,804$403,870$111,026$1,109,865
82$2,478,860$324,056$15,142$1,105,583
83$2,628,963$237,194$0$1,100,961
84$2,791,139$142,839$0$1,118,454
85$2,966,520$40,522$0$1,141,478
86$3,156,345$0$0$1,166,417
87$3,361,981$0$0$1,225,266
88$3,584,929$0$0$1,309,006
89$3,826,837$0$0$1,399,989
90$4,089,522$0$0$1,498,912
91$4,374,980$0$0$1,606,543
92$4,685,406$0$0$1,723,726
93$5,023,218$0$0$1,851,392
94$5,391,074$0$0$1,990,563
95$5,791,898$0$0$2,142,365
96$6,228,912$0$0$2,308,036
97$6,705,657$0$0$2,488,941
98$7,226,034$0$0$2,686,582
99$7,794,336$0$0$2,902,610
100$8,415,289$0$0$3,138,846