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%14.6%
1 years$79,111$78,406$77,719$77,048$76,392$74,942
2 years$39,164$38,434$37,727$37,042$36,377$34,922
3 years$25,850$25,117$24,412$23,733$23,079$21,664
4 years$19,194$18,464$17,766$17,098$16,460$15,096
5 years$15,202$14,476$13,787$13,133$12,513$11,203
6 years$12,541$11,821$11,142$10,503$9,901$8,648
7 years$10,641$9,927$9,259$8,635$8,052$6,856
8 years$9,217$8,509$7,852$7,244$6,680$5,540
9 years$8,110$7,409$6,763$6,170$5,626$4,541
10 years$7,225$6,531$5,896$5,319$4,793$3,764
11 years$6,501$5,814$5,191$4,629$4,122$3,146
12 years$5,898$5,218$4,607$4,060$3,572$2,649
13 years$5,389$4,716$4,116$3,584$3,115$2,242
14 years$4,952$4,286$3,698$3,182$2,731$1,907
15 years$4,575$3,916$3,339$2,838$2,404$1,628
16 years$4,244$3,593$3,027$2,541$2,125$1,394
17 years$3,953$3,309$2,755$2,283$1,884$1,197
18 years$3,695$3,057$2,515$2,057$1,675$1,030
19 years$3,464$2,833$2,302$1,859$1,493$888
20 years$3,256$2,633$2,113$1,684$1,334$767
21 years$3,068$2,453$1,943$1,528$1,194$663
22 years$2,898$2,289$1,791$1,389$1,070$574
23 years$2,743$2,141$1,654$1,265$960$498
24 years$2,600$2,006$1,529$1,154$863$432
25 years$2,470$1,883$1,417$1,054$777$375
26 years$2,350$1,769$1,314$964$700$326
27 years$2,238$1,665$1,220$882$631$283
28 years$2,135$1,569$1,134$808$569$246
29 years$2,039$1,480$1,055$741$514$214
30 years$1,950$1,398$983$680$464$187
31 years$1,867$1,322$916$625$420$162
32 years$1,789$1,250$855$574$380$141
33 years$1,716$1,184$798$528$344$123
34 years$1,647$1,122$746$486$311$107
35 years$1,582$1,065$697$447$282$94
36 years$1,522$1,010$652$412$255$82
37 years$1,464$960$611$379$231$71
38 years$1,410$912$572$350$210$62
39 years$1,358$867$536$322$190$54
40 years$1,310$825$502$297$173$47
41 years$1,264$785$471$274$157$41
42 years$1,220$748$442$253$142$36
43 years$1,178$713$414$234$129$31
44 years$1,138$679$389$216$117$27
45 years$1,100$648$365$199$106$24
46 years$1,064$618$343$184$96$21
47 years$1,030$590$322$170$88$18
48 years$997$563$303$157$80$16
49 years$965$538$285$145$72$14
50 years$935$514$268$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $958,000, adding $4,906 every year, while hoping to spend $53,240 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: 20/50/30 Blend
64$958,000$958,000$958,000$958,000
65$1,060,777$1,010,003$995,154$1,071,811
66$1,112,329$1,002,846$971,844$1,075,583
67$1,167,355$993,554$945,970$1,074,913
68$1,226,153$981,966$917,388$1,073,033
69$1,289,050$967,912$885,950$1,069,882
70$1,356,405$951,211$851,500$1,065,393
71$1,428,609$931,671$813,877$1,059,504
72$1,506,095$909,090$772,909$1,052,151
73$1,589,334$883,254$728,419$1,043,270
74$1,678,848$853,934$680,222$1,032,799
75$1,775,204$820,891$628,124$1,020,677
76$1,879,030$783,870$571,922$1,006,847
77$1,991,013$742,602$511,403$991,253
78$2,111,909$696,802$446,347$973,843
79$2,242,547$646,168$376,523$954,572
80$2,383,840$590,383$301,689$933,398
81$2,536,790$529,110$221,594$910,289
82$2,702,499$461,994$135,975$885,218
83$2,882,180$388,658$44,556$858,172
84$3,077,165$308,705$0$829,146
85$3,288,920$221,716$0$815,118
86$3,519,058$127,247$0$815,471
87$3,769,352$24,832$0$816,073
88$4,041,753$0$0$817,093
89$4,338,409$0$0$866,061
90$4,661,682$0$0$934,472
91$5,014,173$0$0$1,009,232
92$5,398,744$0$0$1,090,971
93$5,818,544$0$0$1,180,379
94$6,277,041$0$0$1,278,218
95$6,778,053$0$0$1,385,326
96$7,325,782$0$0$1,502,626
97$7,924,854$0$0$1,631,135
98$8,580,365$0$0$1,771,971
99$9,297,924$0$0$1,926,368
100$10,083,709$0$0$2,095,684