Can I retire at age 65 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$79,028$78,324$77,637$76,967$76,313$75,800
2 years$39,123$38,394$37,688$37,003$36,339$35,822
3 years$25,823$25,091$24,387$23,708$23,055$22,550
4 years$19,174$18,445$17,747$17,081$16,443$15,953
5 years$15,186$14,461$13,773$13,120$12,500$12,027
6 years$12,528$11,808$11,130$10,492$9,891$9,435
7 years$10,630$9,917$9,249$8,626$8,044$7,606
8 years$9,208$8,500$7,844$7,236$6,673$6,253
9 years$8,102$7,401$6,756$6,164$5,620$5,218
10 years$7,217$6,524$5,890$5,313$4,788$4,404
11 years$6,494$5,808$5,186$4,624$4,118$3,751
12 years$5,892$5,213$4,602$4,056$3,569$3,218
13 years$5,383$4,711$4,112$3,581$3,112$2,778
14 years$4,947$4,282$3,694$3,178$2,728$2,410
15 years$4,570$3,912$3,336$2,835$2,402$2,100
16 years$4,240$3,589$3,024$2,538$2,123$1,836
17 years$3,949$3,305$2,752$2,280$1,882$1,610
18 years$3,691$3,054$2,512$2,055$1,674$1,416
19 years$3,460$2,831$2,300$1,857$1,492$1,248
20 years$3,253$2,630$2,111$1,682$1,332$1,102
21 years$3,065$2,450$1,941$1,526$1,192$975
22 years$2,895$2,287$1,789$1,388$1,069$863
23 years$2,740$2,139$1,652$1,264$959$766
24 years$2,598$2,004$1,528$1,153$862$680
25 years$2,467$1,881$1,415$1,053$776$605
26 years$2,347$1,768$1,312$963$699$538
27 years$2,236$1,663$1,219$881$630$479
28 years$2,133$1,568$1,133$807$569$427
29 years$2,037$1,479$1,054$740$513$380
30 years$1,948$1,397$982$679$464$339
31 years$1,865$1,320$916$624$419$303
32 years$1,787$1,249$854$573$379$270
33 years$1,714$1,183$798$527$343$242
34 years$1,645$1,121$745$485$311$216
35 years$1,581$1,063$697$447$282$193
36 years$1,520$1,009$652$411$255$172
37 years$1,463$959$610$379$231$154
38 years$1,408$911$571$349$210$138
39 years$1,357$866$535$322$190$123
40 years$1,308$824$502$297$172$110
41 years$1,262$785$470$274$156$99
42 years$1,218$747$441$253$142$88
43 years$1,177$712$414$234$129$79
44 years$1,137$679$389$216$117$71
45 years$1,099$647$365$199$106$63
46 years$1,063$617$343$184$96$57
47 years$1,029$589$322$170$88$51
48 years$996$562$303$157$79$46
49 years$964$537$284$145$72$41
50 years$934$513$267$134$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $957,000, adding $5,199 every year, while hoping to spend $56,793 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: 77/15/8 Blend
64$957,000$957,000$957,000$957,000
65$1,059,977$1,009,256$994,422$1,139,983
66$1,107,667$998,282$967,308$1,182,309
67$1,158,318$984,867$937,382$1,220,872
68$1,212,173$968,831$904,490$1,261,500
69$1,269,495$949,985$868,471$1,304,376
70$1,330,575$928,125$829,156$1,349,700
71$1,395,730$903,040$786,370$1,397,693
72$1,465,308$874,503$739,927$1,448,600
73$1,539,691$842,275$689,636$1,502,690
74$1,619,295$806,102$635,295$1,560,262
75$1,704,580$765,718$576,694$1,621,646
76$1,796,048$720,838$513,613$1,687,206
77$1,894,249$671,164$445,824$1,757,343
78$1,999,790$616,379$373,086$1,832,501
79$2,113,334$556,147$295,151$1,913,171
80$2,235,611$490,115$211,755$1,999,895
81$2,367,422$417,909$122,627$2,093,272
82$2,509,647$339,134$27,483$2,193,962
83$2,663,252$253,373$0$2,302,696
84$2,829,300$160,185$0$2,426,601
85$3,008,958$59,103$0$2,563,163
86$3,203,511$0$0$2,711,044
87$3,414,368$0$0$2,879,673
88$3,643,081$0$0$3,073,193
89$3,891,358$0$0$3,283,295
90$4,161,074$0$0$3,511,572
91$4,454,294$0$0$3,759,774
92$4,773,290$0$0$4,029,829
93$5,120,560$0$0$4,323,856
94$5,498,854$0$0$4,644,187
95$5,911,198$0$0$4,993,391
96$6,360,922$0$0$5,374,291
97$6,851,692$0$0$5,789,997
98$7,387,542$0$0$6,243,933
99$7,972,913$0$0$6,739,866
100$8,612,695$0$0$7,281,945