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%13.2%
1 years$79,358$78,652$77,962$77,289$76,631$75,611
2 years$39,286$38,555$37,846$37,158$36,491$35,465
3 years$25,931$25,196$24,489$23,808$23,152$22,151
4 years$19,254$18,522$17,821$17,152$16,512$15,545
5 years$15,249$14,521$13,830$13,174$12,552$11,622
6 years$12,580$11,858$11,177$10,536$9,932$9,039
7 years$10,675$9,958$9,288$8,662$8,077$7,222
8 years$9,246$8,536$7,877$7,266$6,701$5,884
9 years$8,135$7,432$6,784$6,189$5,643$4,863
10 years$7,248$6,551$5,915$5,335$4,808$4,065
11 years$6,522$5,832$5,207$4,643$4,135$3,428
12 years$5,917$5,234$4,621$4,073$3,584$2,912
13 years$5,406$4,730$4,129$3,596$3,125$2,488
14 years$4,968$4,300$3,710$3,192$2,739$2,136
15 years$4,589$3,928$3,349$2,847$2,412$1,841
16 years$4,258$3,604$3,037$2,549$2,132$1,592
17 years$3,966$3,319$2,763$2,290$1,890$1,380
18 years$3,706$3,067$2,523$2,064$1,681$1,200
19 years$3,474$2,842$2,309$1,865$1,498$1,046
20 years$3,266$2,641$2,119$1,689$1,338$912
21 years$3,078$2,460$1,949$1,533$1,197$798
22 years$2,907$2,297$1,797$1,394$1,073$698
23 years$2,751$2,148$1,659$1,269$963$612
24 years$2,609$2,012$1,534$1,158$866$537
25 years$2,478$1,889$1,421$1,057$779$471
26 years$2,357$1,775$1,318$967$702$414
27 years$2,245$1,670$1,224$885$633$364
28 years$2,142$1,574$1,138$811$571$320
29 years$2,046$1,485$1,059$743$516$282
30 years$1,956$1,402$986$682$466$248
31 years$1,873$1,326$919$627$421$218
32 years$1,794$1,254$858$576$381$192
33 years$1,721$1,188$801$530$345$170
34 years$1,652$1,126$748$487$312$150
35 years$1,587$1,068$700$449$283$132
36 years$1,526$1,014$654$413$256$116
37 years$1,469$963$613$381$232$103
38 years$1,414$915$574$351$211$91
39 years$1,363$870$537$323$191$80
40 years$1,314$828$504$298$173$71
41 years$1,268$788$472$275$157$62
42 years$1,223$750$443$254$143$55
43 years$1,182$715$416$235$129$49
44 years$1,142$681$390$217$117$43
45 years$1,104$650$366$200$107$38
46 years$1,068$620$344$185$97$33
47 years$1,033$592$323$171$88$29
48 years$1,000$565$304$158$80$26
49 years$968$539$286$146$72$23
50 years$938$515$269$135$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $961,000, adding $5,380 every year, while hoping to spend $41,984 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: 49/34/17 Blend
64$961,000$961,000$961,000$961,000
65$1,064,571$1,013,638$998,743$1,111,444
66$1,128,487$1,018,636$987,530$1,149,403
67$1,197,515$1,022,471$974,535$1,185,863
68$1,272,132$1,025,043$959,652$1,224,562
69$1,352,863$1,026,244$942,774$1,265,726
70$1,440,285$1,025,959$923,787$1,309,606
71$1,535,030$1,024,068$902,570$1,356,480
72$1,637,796$1,020,440$878,999$1,406,655
73$1,749,350$1,014,940$852,944$1,460,475
74$1,870,533$1,007,422$824,267$1,518,318
75$2,002,274$997,732$792,827$1,580,606
76$2,145,593$985,707$758,473$1,647,806
77$2,301,611$971,175$721,049$1,720,433
78$2,471,563$953,950$680,393$1,799,060
79$2,656,810$933,841$636,332$1,884,324
80$2,858,845$910,640$588,691$1,976,926
81$3,079,316$884,130$537,280$2,077,646
82$3,320,034$854,080$481,907$2,187,344
83$3,582,994$820,247$422,368$2,306,977
84$3,870,393$782,372$358,450$2,437,600
85$4,184,647$740,182$289,932$2,580,383
86$4,528,418$693,388$216,582$2,736,619
87$4,904,637$641,685$138,158$2,907,740
88$5,316,532$584,749$54,408$3,095,329
89$5,767,656$522,240$0$3,301,138
90$6,261,923$453,796$0$3,533,444
91$6,803,643$379,036$0$3,798,993
92$7,397,563$297,557$0$4,090,322
93$8,048,912$208,935$0$4,410,103
94$8,763,447$112,719$0$4,761,286
95$9,547,512$8,435$0$5,147,124
96$10,408,092$0$0$5,571,213
97$11,352,884$0$0$6,076,584
98$12,390,364$0$0$6,635,110
99$13,529,871$0$0$7,248,674
100$14,781,692$0$0$7,922,831