Can I retire at age 65 with 954,000?

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 $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%14.7%
1 years$78,780$78,079$77,394$76,726$76,073$74,598
2 years$39,000$38,274$37,570$36,887$36,225$34,745
3 years$25,742$25,012$24,310$23,634$22,983$21,544
4 years$19,114$18,387$17,692$17,027$16,392$15,005
5 years$15,138$14,415$13,729$13,078$12,461$11,130
6 years$12,489$11,771$11,095$10,459$9,860$8,587
7 years$10,597$9,886$9,220$8,599$8,019$6,803
8 years$9,179$8,474$7,820$7,213$6,652$5,495
9 years$8,076$7,378$6,735$6,144$5,602$4,501
10 years$7,195$6,503$5,872$5,296$4,773$3,728
11 years$6,474$5,789$5,169$4,609$4,105$3,115
12 years$5,874$5,196$4,588$4,043$3,557$2,620
13 years$5,366$4,696$4,099$3,569$3,102$2,217
14 years$4,932$4,268$3,683$3,169$2,719$1,884
15 years$4,556$3,899$3,325$2,826$2,394$1,607
16 years$4,227$3,578$3,015$2,530$2,116$1,375
17 years$3,937$3,295$2,743$2,273$1,876$1,180
18 years$3,679$3,045$2,504$2,049$1,668$1,015
19 years$3,449$2,822$2,292$1,851$1,487$874
20 years$3,242$2,622$2,104$1,677$1,328$755
21 years$3,055$2,442$1,935$1,522$1,189$652
22 years$2,886$2,280$1,784$1,384$1,065$564
23 years$2,731$2,132$1,647$1,260$956$489
24 years$2,590$1,998$1,523$1,149$860$424
25 years$2,460$1,875$1,411$1,050$774$368
26 years$2,340$1,762$1,308$960$697$319
27 years$2,229$1,658$1,215$878$628$277
28 years$2,126$1,563$1,129$805$567$241
29 years$2,031$1,474$1,051$738$512$209
30 years$1,942$1,392$979$677$462$182
31 years$1,859$1,316$913$622$418$158
32 years$1,781$1,245$852$572$378$138
33 years$1,708$1,179$795$526$342$120
34 years$1,640$1,118$743$484$310$104
35 years$1,576$1,060$695$445$281$91
36 years$1,515$1,006$650$410$254$79
37 years$1,458$956$608$378$230$69
38 years$1,404$908$569$348$209$60
39 years$1,353$864$534$321$189$52
40 years$1,304$822$500$296$172$46
41 years$1,258$782$469$273$156$40
42 years$1,215$745$440$252$141$35
43 years$1,173$710$413$233$128$30
44 years$1,133$677$387$215$117$26
45 years$1,096$645$364$199$106$23
46 years$1,060$615$342$183$96$20
47 years$1,026$587$321$169$87$17
48 years$993$561$302$157$79$15
49 years$961$535$284$145$72$13
50 years$931$511$267$134$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $954,000, adding $3,956 every year, while hoping to spend $53,580 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: 33/44/23 Blend
64$954,000$954,000$954,000$954,000
65$1,055,389$1,004,827$990,040$1,082,671
66$1,106,030$997,054$966,197$1,095,676
67$1,160,040$987,106$939,760$1,104,555
68$1,217,707$974,817$910,586$1,113,036
69$1,279,346$960,015$878,523$1,121,118
70$1,345,301$942,518$843,415$1,128,806
71$1,415,950$922,130$805,098$1,136,108
72$1,491,709$898,646$763,400$1,143,039
73$1,573,032$871,848$718,143$1,149,622
74$1,660,418$841,506$669,138$1,155,888
75$1,754,417$807,376$616,190$1,161,877
76$1,855,630$769,199$559,094$1,167,641
77$1,964,717$726,703$497,637$1,173,243
78$2,082,405$679,599$431,595$1,178,760
79$2,209,493$627,581$360,736$1,184,288
80$2,346,855$570,327$284,815$1,189,937
81$2,495,457$507,495$203,578$1,195,841
82$2,656,356$438,725$116,761$1,202,155
83$2,830,717$363,636$24,085$1,209,062
84$3,019,821$281,825$0$1,216,771
85$3,225,075$192,867$0$1,243,889
86$3,448,028$96,312$0$1,279,836
87$3,690,383$0$0$1,319,097
88$3,954,014$0$0$1,366,145
89$4,240,982$0$0$1,468,243
90$4,553,556$0$0$1,579,582
91$4,894,233$0$0$1,701,067
92$5,265,759$0$0$1,833,695
93$5,671,159$0$0$1,978,563
94$6,113,761$0$0$2,136,880
95$6,597,229$0$0$2,309,974
96$7,125,596$0$0$2,499,311
97$7,703,304$0$0$2,706,503
98$8,335,241$0$0$2,933,324
99$9,026,790$0$0$3,181,731
100$9,783,881$0$0$3,453,874