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%16.3%
1 years$78,946$78,242$77,556$76,887$76,233$74,269
2 years$39,082$38,354$37,649$36,965$36,301$34,336
3 years$25,796$25,065$24,361$23,684$23,031$21,126
4 years$19,154$18,425$17,729$17,063$16,426$14,595
5 years$15,170$14,446$13,758$13,106$12,487$10,736
6 years$12,515$11,796$11,119$10,481$9,880$8,210
7 years$10,619$9,906$9,240$8,617$8,035$6,447
8 years$9,198$8,491$7,836$7,228$6,666$5,158
9 years$8,093$7,393$6,749$6,157$5,614$4,185
10 years$7,210$6,517$5,884$5,307$4,783$3,432
11 years$6,488$5,802$5,180$4,619$4,114$2,839
12 years$5,886$5,207$4,597$4,052$3,565$2,363
13 years$5,378$4,706$4,107$3,577$3,109$1,978
14 years$4,942$4,277$3,691$3,175$2,725$1,663
15 years$4,565$3,908$3,332$2,832$2,399$1,403
16 years$4,235$3,585$3,021$2,535$2,121$1,187
17 years$3,945$3,302$2,749$2,278$1,880$1,007
18 years$3,687$3,051$2,509$2,053$1,672$855
19 years$3,456$2,828$2,297$1,855$1,490$728
20 years$3,249$2,628$2,108$1,680$1,331$621
21 years$3,062$2,447$1,939$1,525$1,191$530
22 years$2,892$2,285$1,787$1,386$1,068$453
23 years$2,737$2,137$1,650$1,263$958$388
24 years$2,595$2,002$1,526$1,152$861$332
25 years$2,465$1,879$1,414$1,052$775$284
26 years$2,345$1,766$1,311$962$698$244
27 years$2,234$1,662$1,217$880$630$209
28 years$2,131$1,566$1,132$806$568$179
29 years$2,035$1,477$1,053$740$513$154
30 years$1,946$1,395$981$679$463$132
31 years$1,863$1,319$915$623$419$113
32 years$1,785$1,248$853$573$379$97
33 years$1,712$1,182$797$527$343$84
34 years$1,644$1,120$744$485$311$72
35 years$1,579$1,062$696$446$281$62
36 years$1,518$1,008$651$411$255$53
37 years$1,461$958$609$379$231$46
38 years$1,407$910$571$349$209$39
39 years$1,356$865$535$322$190$34
40 years$1,307$823$501$297$172$29
41 years$1,261$784$470$274$156$25
42 years$1,217$746$441$253$142$21
43 years$1,175$711$414$233$129$18
44 years$1,136$678$388$215$117$16
45 years$1,098$646$365$199$106$14
46 years$1,062$617$342$184$96$12
47 years$1,028$589$322$170$87$10
48 years$995$562$302$157$79$9
49 years$963$537$284$145$72$7
50 years$933$513$267$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $956,000, adding $2,714 every year, while hoping to spend $26,985 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: 65/12/23 Blend
64$956,000$956,000$956,000$956,000
65$1,056,311$1,005,643$990,825$1,118,527
66$1,135,343$1,026,208$995,306$1,181,309
67$1,221,532$1,046,876$999,033$1,246,605
68$1,315,579$1,067,624$1,001,951$1,317,351
69$1,418,257$1,088,426$1,004,005$1,394,083
70$1,530,415$1,109,255$1,005,135$1,477,392
71$1,652,989$1,130,080$1,005,279$1,567,929
72$1,787,010$1,150,870$1,004,372$1,666,414
73$1,933,612$1,171,589$1,002,345$1,773,638
74$2,094,043$1,192,200$999,126$1,890,474
75$2,269,679$1,212,662$994,641$2,017,884
76$2,462,035$1,232,930$988,809$2,156,929
77$2,672,777$1,252,958$981,549$2,308,778
78$2,903,743$1,272,696$972,774$2,474,719
79$3,156,955$1,292,089$962,392$2,656,173
80$3,434,641$1,311,078$950,309$2,854,706
81$3,739,255$1,329,601$936,425$3,072,044
82$4,073,500$1,347,592$920,636$3,310,090
83$4,440,352$1,364,979$902,833$3,570,942
84$4,843,091$1,381,686$882,900$3,856,911
85$5,285,328$1,397,631$860,719$4,170,546
86$5,771,043$1,412,727$836,165$4,514,658
87$6,304,620$1,426,880$809,107$4,892,343
88$6,890,886$1,439,993$779,407$5,307,015
89$7,535,163$1,451,958$746,923$5,762,438
90$8,243,309$1,462,664$711,506$6,262,759
91$9,021,783$1,471,991$672,997$6,812,553
92$9,877,698$1,479,812$631,236$7,416,859
93$10,818,890$1,485,989$586,049$8,081,233
94$11,853,994$1,490,380$537,259$8,811,800
95$12,992,524$1,492,831$484,679$9,615,311
96$14,244,960$1,493,179$428,115$10,499,207
97$15,622,852$1,491,250$367,362$11,471,690
98$17,138,923$1,486,862$302,209$12,541,801
99$18,807,193$1,479,818$232,433$13,719,505
100$20,643,110$1,469,912$157,803$15,015,787