Can I retire at age 65 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$79,358$78,652$77,962$77,289$76,631$73,942
2 years$39,286$38,555$37,846$37,158$36,491$33,810
3 years$25,931$25,196$24,489$23,808$23,152$20,562
4 years$19,254$18,522$17,821$17,152$16,512$14,035
5 years$15,249$14,521$13,830$13,174$12,552$10,194
6 years$12,580$11,858$11,177$10,536$9,932$7,694
7 years$10,675$9,958$9,288$8,662$8,077$5,960
8 years$9,246$8,536$7,877$7,266$6,701$4,702
9 years$8,135$7,432$6,784$6,189$5,643$3,759
10 years$7,248$6,551$5,915$5,335$4,808$3,037
11 years$6,522$5,832$5,207$4,643$4,135$2,473
12 years$5,917$5,234$4,621$4,073$3,584$2,026
13 years$5,406$4,730$4,129$3,596$3,125$1,669
14 years$4,968$4,300$3,710$3,192$2,739$1,380
15 years$4,589$3,928$3,349$2,847$2,412$1,144
16 years$4,258$3,604$3,037$2,549$2,132$952
17 years$3,966$3,319$2,763$2,290$1,890$793
18 years$3,706$3,067$2,523$2,064$1,681$662
19 years$3,474$2,842$2,309$1,865$1,498$554
20 years$3,266$2,641$2,119$1,689$1,338$463
21 years$3,078$2,460$1,949$1,533$1,197$388
22 years$2,907$2,297$1,797$1,394$1,073$326
23 years$2,751$2,148$1,659$1,269$963$273
24 years$2,609$2,012$1,534$1,158$866$230
25 years$2,478$1,889$1,421$1,057$779$193
26 years$2,357$1,775$1,318$967$702$162
27 years$2,245$1,670$1,224$885$633$136
28 years$2,142$1,574$1,138$811$571$115
29 years$2,046$1,485$1,059$743$516$97
30 years$1,956$1,402$986$682$466$81
31 years$1,873$1,326$919$627$421$68
32 years$1,794$1,254$858$576$381$58
33 years$1,721$1,188$801$530$345$48
34 years$1,652$1,126$748$487$312$41
35 years$1,587$1,068$700$449$283$34
36 years$1,526$1,014$654$413$256$29
37 years$1,469$963$613$381$232$24
38 years$1,414$915$574$351$211$21
39 years$1,363$870$537$323$191$17
40 years$1,314$828$504$298$173$15
41 years$1,268$788$472$275$157$12
42 years$1,223$750$443$254$143$10
43 years$1,182$715$416$235$129$9
44 years$1,142$681$390$217$117$7
45 years$1,104$650$366$200$107$6
46 years$1,068$620$344$185$97$5
47 years$1,033$592$323$171$88$4
48 years$1,000$565$304$158$80$4
49 years$968$539$286$146$72$3
50 years$938$515$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $961,000, adding $4,210 every year, while hoping to spend $30,195 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: 83/7/10 Blend
64$961,000$961,000$961,000$961,000
65$1,063,365$1,012,432$997,536$1,149,658
66$1,139,701$1,029,914$998,826$1,224,231
67$1,222,811$1,047,240$999,148$1,301,647
68$1,313,354$1,064,372$998,436$1,385,744
69$1,412,057$1,081,266$996,624$1,477,174
70$1,519,716$1,097,877$993,640$1,576,659
71$1,637,210$1,114,157$989,411$1,684,990
72$1,765,508$1,130,053$983,858$1,803,039
73$1,905,673$1,145,508$976,900$1,931,770
74$2,058,877$1,160,464$968,452$2,072,240
75$2,226,411$1,174,855$958,424$2,225,615
76$2,409,696$1,188,614$946,722$2,393,182
77$2,610,295$1,201,667$933,248$2,576,354
78$2,829,933$1,213,936$917,899$2,776,693
79$3,070,505$1,225,337$900,567$2,995,915
80$3,334,101$1,235,783$881,141$3,235,913
81$3,623,021$1,245,179$859,501$3,498,773
82$3,939,800$1,253,423$835,525$3,786,793
83$4,287,228$1,260,410$809,084$4,102,504
84$4,668,379$1,266,024$780,042$4,448,695
85$5,086,639$1,270,144$748,259$4,828,440
86$5,545,738$1,272,642$713,586$5,245,126
87$6,049,782$1,273,381$675,870$5,702,484
88$6,603,298$1,272,215$634,950$6,204,625
89$7,211,270$1,268,989$590,657$6,756,082
90$7,879,190$1,263,540$542,815$7,361,846
91$8,613,108$1,255,694$491,239$8,027,420
92$9,419,688$1,245,266$435,739$8,758,865
93$10,306,273$1,232,060$376,112$9,562,864
94$11,280,951$1,215,869$312,150$10,446,777
95$12,352,634$1,196,474$243,634$11,418,718
96$13,531,142$1,173,640$170,335$12,487,627
97$14,827,291$1,147,121$92,014$13,663,356
98$16,253,001$1,116,656$8,422$14,956,761
99$17,821,402$1,081,968$0$16,379,808
100$19,546,965$1,042,764$0$17,954,299