Can I retire at age 65 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$78,780$78,079$77,394$76,726$76,073$75,185
2 years$39,000$38,274$37,570$36,887$36,225$35,331
3 years$25,742$25,012$24,310$23,634$22,983$22,111
4 years$19,114$18,387$17,692$17,027$16,392$15,548
5 years$15,138$14,415$13,729$13,078$12,461$11,648
6 years$12,489$11,771$11,095$10,459$9,860$9,079
7 years$10,597$9,886$9,220$8,599$8,019$7,271
8 years$9,179$8,474$7,820$7,213$6,652$5,937
9 years$8,076$7,378$6,735$6,144$5,602$4,919
10 years$7,195$6,503$5,872$5,296$4,773$4,122
11 years$6,474$5,789$5,169$4,609$4,105$3,485
12 years$5,874$5,196$4,588$4,043$3,557$2,967
13 years$5,366$4,696$4,099$3,569$3,102$2,542
14 years$4,932$4,268$3,683$3,169$2,719$2,188
15 years$4,556$3,899$3,325$2,826$2,394$1,891
16 years$4,227$3,578$3,015$2,530$2,116$1,640
17 years$3,937$3,295$2,743$2,273$1,876$1,426
18 years$3,679$3,045$2,504$2,049$1,668$1,243
19 years$3,449$2,822$2,292$1,851$1,487$1,086
20 years$3,242$2,622$2,104$1,677$1,328$951
21 years$3,055$2,442$1,935$1,522$1,189$834
22 years$2,886$2,280$1,784$1,384$1,065$732
23 years$2,731$2,132$1,647$1,260$956$643
24 years$2,590$1,998$1,523$1,149$860$566
25 years$2,460$1,875$1,411$1,050$774$498
26 years$2,340$1,762$1,308$960$697$439
27 years$2,229$1,658$1,215$878$628$387
28 years$2,126$1,563$1,129$805$567$342
29 years$2,031$1,474$1,051$738$512$302
30 years$1,942$1,392$979$677$462$267
31 years$1,859$1,316$913$622$418$236
32 years$1,781$1,245$852$572$378$208
33 years$1,708$1,179$795$526$342$184
34 years$1,640$1,118$743$484$310$163
35 years$1,576$1,060$695$445$281$144
36 years$1,515$1,006$650$410$254$128
37 years$1,458$956$608$378$230$113
38 years$1,404$908$569$348$209$100
39 years$1,353$864$534$321$189$89
40 years$1,304$822$500$296$172$78
41 years$1,258$782$469$273$156$69
42 years$1,215$745$440$252$141$62
43 years$1,173$710$413$233$128$55
44 years$1,133$677$387$215$117$48
45 years$1,096$645$364$199$106$43
46 years$1,060$615$342$183$96$38
47 years$1,026$587$321$169$87$34
48 years$993$561$302$157$79$30
49 years$961$535$284$145$72$26
50 years$931$511$267$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $954,000, adding $3,009 every year, while hoping to spend $44,407 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: 76/15/9 Blend
64$954,000$954,000$954,000$954,000
65$1,054,412$1,003,850$989,063$1,132,772
66$1,114,713$1,005,790$974,948$1,186,693
67$1,179,677$1,006,336$958,871$1,239,823
68$1,249,732$1,005,375$940,721$1,296,790
69$1,325,348$1,002,782$920,380$1,357,960
70$1,407,045$998,429$897,723$1,423,733
71$1,495,389$992,178$872,623$1,494,553
72$1,591,006$983,883$844,943$1,570,908
73$1,694,584$973,388$814,544$1,653,335
74$1,806,878$960,530$781,277$1,742,428
75$1,928,718$945,134$744,988$1,838,841
76$2,061,018$927,017$705,516$1,943,295
77$2,204,783$905,982$662,692$2,056,587
78$2,361,118$881,823$616,340$2,179,592
79$2,531,241$854,321$566,276$2,313,279
80$2,716,489$823,243$512,308$2,458,714
81$2,918,334$788,346$454,234$2,617,072
82$3,138,398$749,368$391,844$2,789,652
83$3,378,463$706,036$324,920$2,977,883
84$3,640,494$658,060$253,232$3,183,344
85$3,926,651$605,131$176,542$3,407,772
86$4,239,313$546,926$94,599$3,653,088
87$4,581,098$483,101$7,144$3,921,406
88$4,954,892$413,294$0$4,215,060
89$5,363,867$337,122$0$4,544,898
90$5,811,521$254,180$0$4,906,750
91$6,301,702$164,041$0$5,303,087
92$6,838,651$66,254$0$5,737,389
93$7,427,034$0$0$6,213,489
94$8,071,994$0$0$6,742,162
95$8,779,193$0$0$7,333,879
96$9,554,868$0$0$7,982,928
97$10,405,888$0$0$8,695,061
98$11,339,820$0$0$9,476,615
99$12,364,997$0$0$10,334,568
100$13,490,600$0$0$11,276,611