Can I retire at age 65 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$79,524$78,815$78,124$77,450$76,791$75,800
2 years$39,368$38,635$37,924$37,235$36,567$35,570
3 years$25,985$25,248$24,540$23,857$23,200$22,228
4 years$19,294$18,560$17,859$17,188$16,546$15,607
5 years$15,281$14,551$13,859$13,202$12,578$11,674
6 years$12,607$11,882$11,200$10,558$9,953$9,085
7 years$10,697$9,979$9,307$8,680$8,094$7,263
8 years$9,265$8,554$7,893$7,281$6,715$5,920
9 years$8,152$7,447$6,799$6,202$5,655$4,896
10 years$7,263$6,565$5,927$5,346$4,818$4,095
11 years$6,535$5,844$5,218$4,653$4,144$3,456
12 years$5,929$5,245$4,631$4,081$3,591$2,937
13 years$5,417$4,740$4,137$3,603$3,131$2,511
14 years$4,978$4,309$3,718$3,198$2,745$2,157
15 years$4,598$3,936$3,356$2,852$2,417$1,860
16 years$4,266$3,611$3,043$2,554$2,136$1,610
17 years$3,974$3,326$2,769$2,295$1,894$1,397
18 years$3,714$3,073$2,528$2,068$1,684$1,216
19 years$3,482$2,848$2,314$1,869$1,501$1,060
20 years$3,273$2,647$2,124$1,692$1,341$926
21 years$3,084$2,465$1,953$1,536$1,200$810
22 years$2,913$2,301$1,800$1,397$1,075$709
23 years$2,757$2,152$1,662$1,272$965$622
24 years$2,614$2,017$1,537$1,160$868$546
25 years$2,483$1,893$1,424$1,059$781$480
26 years$2,362$1,779$1,321$969$703$422
27 years$2,250$1,674$1,226$887$634$371
28 years$2,146$1,577$1,140$812$572$327
29 years$2,050$1,488$1,061$745$517$288
30 years$1,960$1,405$988$684$467$254
31 years$1,876$1,328$921$628$422$223
32 years$1,798$1,257$860$577$382$197
33 years$1,725$1,190$803$531$346$174
34 years$1,656$1,128$750$488$313$153
35 years$1,591$1,070$701$449$283$135
36 years$1,529$1,016$656$414$257$120
37 years$1,472$965$614$381$233$106
38 years$1,417$917$575$352$211$93
39 years$1,366$872$539$324$191$82
40 years$1,317$829$505$299$174$73
41 years$1,270$790$473$276$157$64
42 years$1,226$752$444$255$143$57
43 years$1,184$716$417$235$130$50
44 years$1,144$683$391$217$118$44
45 years$1,106$651$367$200$107$39
46 years$1,070$621$345$185$97$35
47 years$1,035$593$324$171$88$31
48 years$1,002$566$305$158$80$27
49 years$971$540$286$146$73$24
50 years$940$516$269$135$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $963,000, adding $2,147 every year, while hoping to spend $45,078 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: 44/28/28 Blend
64$963,000$963,000$963,000$963,000
65$1,063,441$1,012,402$997,475$1,101,503
66$1,123,949$1,014,047$982,928$1,130,526
67$1,189,118$1,014,261$966,383$1,157,504
68$1,259,376$1,012,928$947,724$1,185,885
69$1,335,193$1,009,923$926,834$1,215,829
70$1,417,086$1,005,111$903,585$1,247,508
71$1,505,620$998,354$877,847$1,281,121
72$1,601,422$989,501$849,483$1,316,884
73$1,705,175$978,395$818,349$1,355,044
74$1,817,633$964,867$784,294$1,395,873
75$1,939,627$948,740$747,163$1,439,674
76$2,072,066$929,825$706,790$1,486,789
77$2,215,954$907,924$663,005$1,537,594
78$2,372,393$882,824$615,628$1,592,510
79$2,542,597$854,303$564,471$1,652,007
80$2,727,901$822,123$509,340$1,716,605
81$2,929,774$786,033$450,030$1,786,884
82$3,149,832$745,770$386,326$1,863,488
83$3,389,854$701,052$318,008$1,947,135
84$3,651,799$651,583$244,841$2,038,617
85$3,937,821$597,050$166,582$2,138,820
86$4,250,295$537,121$82,979$2,248,721
87$4,591,832$471,447$0$2,369,410
88$4,965,307$399,657$0$2,503,956
89$5,373,888$321,359$0$2,678,410
90$5,821,061$236,142$0$2,869,523
91$6,310,666$143,570$0$3,079,027
92$6,846,929$43,180$0$3,308,838
93$7,434,507$0$0$3,561,069
94$8,078,528$0$0$3,858,239
95$8,784,639$0$0$4,198,764
96$9,559,059$0$0$4,572,351
97$10,408,639$0$0$4,982,322
98$11,340,925$0$0$5,432,334
99$12,364,229$0$0$5,926,413
100$13,487,704$0$0$6,468,999