Can I retire at age 65 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$79,111$78,406$77,719$77,048$76,392$75,344
2 years$39,164$38,434$37,727$37,042$36,377$35,323
3 years$25,850$25,117$24,412$23,733$23,079$22,052
4 years$19,194$18,464$17,766$17,098$16,460$15,468
5 years$15,202$14,476$13,787$13,133$12,513$11,558
6 years$12,541$11,821$11,142$10,503$9,901$8,985
7 years$10,641$9,927$9,259$8,635$8,052$7,175
8 years$9,217$8,509$7,852$7,244$6,680$5,842
9 years$8,110$7,409$6,763$6,170$5,626$4,826
10 years$7,225$6,531$5,896$5,319$4,793$4,031
11 years$6,501$5,814$5,191$4,629$4,122$3,398
12 years$5,898$5,218$4,607$4,060$3,572$2,884
13 years$5,389$4,716$4,116$3,584$3,115$2,462
14 years$4,952$4,286$3,698$3,182$2,731$2,112
15 years$4,575$3,916$3,339$2,838$2,404$1,819
16 years$4,244$3,593$3,027$2,541$2,125$1,572
17 years$3,953$3,309$2,755$2,283$1,884$1,363
18 years$3,695$3,057$2,515$2,057$1,675$1,184
19 years$3,464$2,833$2,302$1,859$1,493$1,030
20 years$3,256$2,633$2,113$1,684$1,334$899
21 years$3,068$2,453$1,943$1,528$1,194$785
22 years$2,898$2,289$1,791$1,389$1,070$686
23 years$2,743$2,141$1,654$1,265$960$601
24 years$2,600$2,006$1,529$1,154$863$527
25 years$2,470$1,883$1,417$1,054$777$462
26 years$2,350$1,769$1,314$964$700$406
27 years$2,238$1,665$1,220$882$631$356
28 years$2,135$1,569$1,134$808$569$313
29 years$2,039$1,480$1,055$741$514$275
30 years$1,950$1,398$983$680$464$242
31 years$1,867$1,322$916$625$420$213
32 years$1,789$1,250$855$574$380$188
33 years$1,716$1,184$798$528$344$165
34 years$1,647$1,122$746$486$311$146
35 years$1,582$1,065$697$447$282$128
36 years$1,522$1,010$652$412$255$113
37 years$1,464$960$611$379$231$100
38 years$1,410$912$572$350$210$88
39 years$1,358$867$536$322$190$77
40 years$1,310$825$502$297$173$68
41 years$1,264$785$471$274$157$60
42 years$1,220$748$442$253$142$53
43 years$1,178$713$414$234$129$47
44 years$1,138$679$389$216$117$41
45 years$1,100$648$365$199$106$36
46 years$1,064$618$343$184$96$32
47 years$1,030$590$322$170$88$28
48 years$997$563$303$157$80$25
49 years$965$538$285$145$72$22
50 years$935$514$268$134$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $958,000, adding $5,490 every year, while hoping to spend $54,708 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: 62/22/16 Blend
64$958,000$958,000$958,000$958,000
65$1,061,379$1,010,605$995,756$1,122,613
66$1,111,431$1,001,916$970,905$1,155,765
67$1,164,754$990,967$943,388$1,185,267
68$1,221,625$977,591$913,057$1,216,171
69$1,282,346$961,608$879,760$1,248,618
70$1,347,249$942,830$843,335$1,282,765
71$1,416,695$921,055$803,614$1,318,785
72$1,491,084$896,073$760,421$1,356,873
73$1,570,852$867,658$713,572$1,397,244
74$1,656,478$835,573$662,876$1,440,141
75$1,748,488$799,565$608,132$1,485,830
76$1,847,459$759,369$549,130$1,534,610
77$1,954,025$714,703$485,651$1,586,814
78$2,068,882$665,270$417,466$1,642,810
79$2,192,794$610,754$344,337$1,703,009
80$2,326,600$550,822$266,014$1,767,866
81$2,471,225$485,124$182,236$1,837,889
82$2,627,681$413,286$92,733$1,913,639
83$2,797,084$334,917$0$1,995,740
84$2,980,660$249,601$0$2,085,362
85$3,179,756$156,900$0$2,199,724
86$3,395,854$56,352$0$2,323,882
87$3,630,586$0$0$2,458,838
88$3,885,742$0$0$2,618,416
89$4,163,298$0$0$2,806,903
90$4,465,422$0$0$3,012,141
91$4,794,502$0$0$3,235,760
92$5,153,168$0$0$3,479,554
93$5,544,311$0$0$3,745,497
94$5,971,114$0$0$4,035,764
95$6,437,082$0$0$4,352,748
96$6,946,071$0$0$4,699,082
97$7,502,328$0$0$5,077,666
98$8,110,528$0$0$5,491,694
99$8,775,817$0$0$5,944,679
100$9,503,863$0$0$6,440,493