Can I retire at age 65 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$79,276$78,570$77,881$77,208$76,552$75,253
2 years$39,245$38,515$37,806$37,119$36,453$35,148
3 years$25,904$25,170$24,463$23,783$23,127$21,857
4 years$19,234$18,502$17,803$17,134$16,495$15,269
5 years$15,234$14,506$13,816$13,161$12,539$11,362
6 years$12,567$11,845$11,165$10,525$9,922$8,794
7 years$10,664$9,948$9,278$8,653$8,069$6,991
8 years$9,236$8,527$7,869$7,259$6,694$5,666
9 years$8,127$7,424$6,777$6,183$5,637$4,658
10 years$7,240$6,544$5,909$5,330$4,803$3,873
11 years$6,515$5,826$5,202$4,638$4,131$3,248
12 years$5,911$5,229$4,617$4,068$3,580$2,743
13 years$5,400$4,725$4,125$3,592$3,122$2,329
14 years$4,963$4,295$3,706$3,188$2,736$1,987
15 years$4,584$3,924$3,346$2,844$2,409$1,702
16 years$4,253$3,600$3,034$2,546$2,129$1,463
17 years$3,961$3,316$2,760$2,288$1,888$1,261
18 years$3,702$3,064$2,520$2,062$1,679$1,089
19 years$3,471$2,839$2,307$1,863$1,496$942
20 years$3,263$2,639$2,117$1,687$1,337$817
21 years$3,075$2,458$1,947$1,531$1,196$709
22 years$2,904$2,294$1,795$1,392$1,072$617
23 years$2,748$2,146$1,657$1,268$962$537
24 years$2,606$2,010$1,533$1,156$865$467
25 years$2,475$1,887$1,420$1,056$778$407
26 years$2,354$1,773$1,317$966$701$355
27 years$2,243$1,669$1,223$884$632$310
28 years$2,140$1,572$1,136$810$570$271
29 years$2,044$1,483$1,058$743$515$237
30 years$1,954$1,401$985$682$465$207
31 years$1,871$1,324$918$626$421$181
32 years$1,792$1,253$857$575$381$158
33 years$1,719$1,187$800$529$344$138
34 years$1,650$1,125$748$487$312$121
35 years$1,586$1,067$699$448$282$106
36 years$1,525$1,013$654$413$256$93
37 years$1,467$962$612$380$232$81
38 years$1,413$914$573$350$210$71
39 years$1,361$869$537$323$191$62
40 years$1,312$827$503$298$173$55
41 years$1,266$787$472$275$157$48
42 years$1,222$750$443$254$142$42
43 years$1,180$714$415$234$129$37
44 years$1,141$681$390$216$117$32
45 years$1,103$649$366$200$106$28
46 years$1,067$619$344$185$97$25
47 years$1,032$591$323$170$88$22
48 years$999$564$304$158$80$19
49 years$967$539$285$146$72$17
50 years$937$515$268$135$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $960,000, adding $5,964 every year, while hoping to spend $59,538 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: 63/11/26 Blend
64$960,000$960,000$960,000$960,000
65$1,064,072$1,013,192$998,312$1,123,429
66$1,109,259$999,490$968,407$1,150,630
67$1,157,060$983,122$935,506$1,173,243
68$1,207,679$963,893$899,443$1,196,638
69$1,261,337$941,599$860,050$1,220,899
70$1,318,278$916,022$817,146$1,246,123
71$1,378,769$886,934$770,547$1,272,418
72$1,443,099$854,089$720,056$1,299,905
73$1,511,587$817,232$665,470$1,328,721
74$1,584,582$776,089$606,576$1,359,020
75$1,662,465$730,373$543,152$1,390,974
76$1,745,654$679,779$474,966$1,424,775
77$1,834,608$623,985$401,774$1,460,639
78$1,929,828$562,650$323,323$1,498,809
79$2,031,865$495,414$239,349$1,539,553
80$2,141,323$421,898$149,575$1,583,173
81$2,258,866$341,699$53,714$1,630,007
82$2,385,221$254,393$0$1,680,429
83$2,521,186$159,531$0$1,748,337
84$2,667,639$56,640$0$1,837,498
85$2,825,543$0$0$1,933,603
86$2,995,956$0$0$2,043,959
87$3,180,041$0$0$2,170,627
88$3,379,075$0$0$2,307,638
89$3,594,462$0$0$2,455,966
90$3,827,747$0$0$2,616,681
91$4,080,626$0$0$2,790,961
92$4,354,967$0$0$2,980,100
93$4,652,820$0$0$3,185,521
94$4,976,444$0$0$3,408,791
95$5,328,323$0$0$3,651,632
96$5,711,188$0$0$3,915,941
97$6,128,046$0$0$4,203,801
98$6,582,205$0$0$4,517,510
99$7,077,304$0$0$4,859,591
100$7,617,350$0$0$5,232,826