Can I retire at age 65 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$78,946$78,242$77,556$76,887$76,233$75,848
2 years$39,082$38,354$37,649$36,965$36,301$35,913
3 years$25,796$25,065$24,361$23,684$23,031$22,651
4 years$19,154$18,425$17,729$17,063$16,426$16,057
5 years$15,170$14,446$13,758$13,106$12,487$12,131
6 years$12,515$11,796$11,119$10,481$9,880$9,537
7 years$10,619$9,906$9,240$8,617$8,035$7,705
8 years$9,198$8,491$7,836$7,228$6,666$6,349
9 years$8,093$7,393$6,749$6,157$5,614$5,310
10 years$7,210$6,517$5,884$5,307$4,783$4,492
11 years$6,488$5,802$5,180$4,619$4,114$3,836
12 years$5,886$5,207$4,597$4,052$3,565$3,299
13 years$5,378$4,706$4,107$3,577$3,109$2,855
14 years$4,942$4,277$3,691$3,175$2,725$2,484
15 years$4,565$3,908$3,332$2,832$2,399$2,170
16 years$4,235$3,585$3,021$2,535$2,121$1,902
17 years$3,945$3,302$2,749$2,278$1,880$1,673
18 years$3,687$3,051$2,509$2,053$1,672$1,475
19 years$3,456$2,828$2,297$1,855$1,490$1,304
20 years$3,249$2,628$2,108$1,680$1,331$1,155
21 years$3,062$2,447$1,939$1,525$1,191$1,024
22 years$2,892$2,285$1,787$1,386$1,068$910
23 years$2,737$2,137$1,650$1,263$958$810
24 years$2,595$2,002$1,526$1,152$861$721
25 years$2,465$1,879$1,414$1,052$775$643
26 years$2,345$1,766$1,311$962$698$574
27 years$2,234$1,662$1,217$880$630$513
28 years$2,131$1,566$1,132$806$568$458
29 years$2,035$1,477$1,053$740$513$410
30 years$1,946$1,395$981$679$463$367
31 years$1,863$1,319$915$623$419$328
32 years$1,785$1,248$853$573$379$294
33 years$1,712$1,182$797$527$343$264
34 years$1,644$1,120$744$485$311$236
35 years$1,579$1,062$696$446$281$212
36 years$1,518$1,008$651$411$255$190
37 years$1,461$958$609$379$231$171
38 years$1,407$910$571$349$209$153
39 years$1,356$865$535$322$190$137
40 years$1,307$823$501$297$172$123
41 years$1,261$784$470$274$156$111
42 years$1,217$746$441$253$142$99
43 years$1,175$711$414$233$129$89
44 years$1,136$678$388$215$117$80
45 years$1,098$646$365$199$106$72
46 years$1,062$617$342$184$96$65
47 years$1,028$589$322$170$87$58
48 years$995$562$302$157$79$52
49 years$963$537$284$145$72$47
50 years$933$513$267$134$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $956,000, adding $2,346 every year, while hoping to spend $22,271 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: 35/40/25 Blend
64$956,000$956,000$956,000$956,000
65$1,055,932$1,005,264$990,446$1,084,834
66$1,139,941$1,030,826$999,930$1,132,075
67$1,231,772$1,056,894$1,008,985$1,180,820
68$1,332,200$1,083,469$1,017,573$1,232,974
69$1,442,078$1,110,552$1,025,655$1,288,857
70$1,562,344$1,138,143$1,033,189$1,348,819
71$1,694,032$1,166,241$1,040,129$1,413,248
72$1,838,281$1,194,844$1,046,431$1,482,571
73$1,996,344$1,223,950$1,052,045$1,557,256
74$2,169,602$1,253,554$1,056,919$1,637,822
75$2,359,575$1,283,653$1,061,000$1,724,840
76$2,567,940$1,314,239$1,064,231$1,818,937
77$2,796,539$1,345,307$1,066,553$1,920,809
78$3,047,406$1,376,847$1,067,902$2,031,218
79$3,322,778$1,408,849$1,068,214$2,151,006
80$3,625,121$1,441,302$1,067,418$2,281,103
81$3,957,151$1,474,193$1,065,444$2,422,531
82$4,321,859$1,507,508$1,062,216$2,576,420
83$4,722,542$1,541,228$1,057,653$2,744,011
84$5,162,829$1,575,337$1,051,672$2,926,677
85$5,646,721$1,609,812$1,044,187$3,125,929
86$6,178,625$1,644,631$1,035,105$3,343,434
87$6,763,395$1,679,768$1,024,332$3,581,028
88$7,406,380$1,715,195$1,011,765$3,840,736
89$8,113,472$1,750,881$997,301$4,124,793
90$8,891,165$1,786,793$980,829$4,435,658
91$9,746,611$1,822,893$962,234$4,776,047
92$10,687,691$1,859,141$941,395$5,148,951
93$11,723,091$1,895,494$918,187$5,557,668
94$12,862,376$1,931,903$892,476$6,005,834
95$14,116,090$1,968,318$864,125$6,497,459
96$15,495,847$2,004,682$832,990$7,036,962
97$17,014,448$2,040,935$798,919$7,629,216
98$18,685,993$2,077,013$761,755$8,279,591
99$20,526,022$2,112,844$721,331$8,994,009
100$22,551,657$2,148,354$677,477$9,778,998