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%15.2%
1 years$79,524$78,815$78,124$77,450$76,791$75,148
2 years$39,368$38,635$37,924$37,235$36,567$34,920
3 years$25,985$25,248$24,540$23,857$23,200$21,600
4 years$19,294$18,560$17,859$17,188$16,546$15,006
5 years$15,281$14,551$13,859$13,202$12,578$11,102
6 years$12,607$11,882$11,200$10,558$9,953$8,541
7 years$10,697$9,979$9,307$8,680$8,094$6,749
8 years$9,265$8,554$7,893$7,281$6,715$5,435
9 years$8,152$7,447$6,799$6,202$5,655$4,439
10 years$7,263$6,565$5,927$5,346$4,818$3,665
11 years$6,535$5,844$5,218$4,653$4,144$3,052
12 years$5,929$5,245$4,631$4,081$3,591$2,559
13 years$5,417$4,740$4,137$3,603$3,131$2,158
14 years$4,978$4,309$3,718$3,198$2,745$1,828
15 years$4,598$3,936$3,356$2,852$2,417$1,554
16 years$4,266$3,611$3,043$2,554$2,136$1,325
17 years$3,974$3,326$2,769$2,295$1,894$1,133
18 years$3,714$3,073$2,528$2,068$1,684$971
19 years$3,482$2,848$2,314$1,869$1,501$833
20 years$3,273$2,647$2,124$1,692$1,341$716
21 years$3,084$2,465$1,953$1,536$1,200$617
22 years$2,913$2,301$1,800$1,397$1,075$532
23 years$2,757$2,152$1,662$1,272$965$459
24 years$2,614$2,017$1,537$1,160$868$396
25 years$2,483$1,893$1,424$1,059$781$342
26 years$2,362$1,779$1,321$969$703$296
27 years$2,250$1,674$1,226$887$634$256
28 years$2,146$1,577$1,140$812$572$222
29 years$2,050$1,488$1,061$745$517$192
30 years$1,960$1,405$988$684$467$166
31 years$1,876$1,328$921$628$422$144
32 years$1,798$1,257$860$577$382$125
33 years$1,725$1,190$803$531$346$108
34 years$1,656$1,128$750$488$313$94
35 years$1,591$1,070$701$449$283$81
36 years$1,529$1,016$656$414$257$70
37 years$1,472$965$614$381$233$61
38 years$1,417$917$575$352$211$53
39 years$1,366$872$539$324$191$46
40 years$1,317$829$505$299$174$40
41 years$1,270$790$473$276$157$35
42 years$1,226$752$444$255$143$30
43 years$1,184$716$417$235$130$26
44 years$1,144$683$391$217$118$23
45 years$1,106$651$367$200$107$20
46 years$1,070$621$345$185$97$17
47 years$1,035$593$324$171$88$15
48 years$1,002$566$305$158$80$13
49 years$971$540$286$146$73$11
50 years$940$516$269$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $963,000, adding $6,735 every year, while hoping to spend $49,808 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: 66/17/17 Blend
64$963,000$963,000$963,000$963,000
65$1,068,173$1,017,134$1,002,208$1,133,807
66$1,124,131$1,013,978$982,786$1,175,408
67$1,184,128$1,008,999$961,045$1,214,472
68$1,248,523$1,002,053$936,853$1,255,959
69$1,317,709$992,991$910,075$1,300,103
70$1,392,121$981,652$880,568$1,347,167
71$1,472,232$967,869$848,182$1,397,439
72$1,558,566$951,460$812,762$1,451,241
73$1,651,695$932,237$774,145$1,508,926
74$1,752,248$909,997$732,159$1,570,887
75$1,860,919$884,529$686,628$1,637,558
76$1,978,468$855,605$637,365$1,709,419
77$2,105,730$822,988$584,175$1,787,003
78$2,243,624$786,425$526,855$1,870,896
79$2,393,162$745,648$465,193$1,961,750
80$2,555,455$700,375$398,967$2,060,282
81$2,731,724$650,306$327,945$2,167,289
82$2,923,315$595,126$251,886$2,283,650
83$3,131,705$534,500$170,537$2,410,336
84$3,358,524$468,074$83,635$2,548,421
85$3,605,560$395,477$0$2,699,095
86$3,874,785$316,313$0$2,865,320
87$4,168,367$230,167$0$3,063,192
88$4,488,693$136,597$0$3,279,183
89$4,838,388$35,139$0$3,515,119
90$5,220,346$0$0$3,773,016
91$5,637,750$0$0$4,069,071
92$6,094,104$0$0$4,399,998
93$6,593,267$0$0$4,762,030
94$7,139,489$0$0$5,158,256
95$7,737,446$0$0$5,592,077
96$8,392,292$0$0$6,067,241
97$9,109,699$0$0$6,587,871
98$9,895,916$0$0$7,158,512
99$10,757,823$0$0$7,784,166
100$11,702,999$0$0$8,470,345