Can I retire at age 65 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$79,689$78,979$78,286$77,610$76,950$75,582
2 years$39,450$38,715$38,003$37,313$36,643$35,269
3 years$26,039$25,301$24,591$23,907$23,248$21,911
4 years$19,334$18,599$17,896$17,223$16,581$15,292
5 years$15,313$14,582$13,888$13,229$12,604$11,367
6 years$12,633$11,907$11,223$10,580$9,973$8,788
7 years$10,719$9,999$9,327$8,698$8,111$6,979
8 years$9,285$8,571$7,910$7,297$6,729$5,649
9 years$8,169$7,463$6,813$6,215$5,667$4,639
10 years$7,278$6,578$5,939$5,357$4,828$3,852
11 years$6,549$5,856$5,229$4,663$4,152$3,226
12 years$5,942$5,256$4,641$4,090$3,598$2,721
13 years$5,428$4,750$4,146$3,611$3,138$2,308
14 years$4,989$4,318$3,725$3,205$2,751$1,967
15 years$4,608$3,944$3,363$2,858$2,422$1,682
16 years$4,275$3,619$3,049$2,559$2,141$1,444
17 years$3,982$3,333$2,775$2,300$1,898$1,242
18 years$3,722$3,080$2,533$2,072$1,688$1,071
19 years$3,489$2,854$2,319$1,873$1,504$926
20 years$3,280$2,652$2,128$1,696$1,344$801
21 years$3,091$2,470$1,958$1,539$1,202$695
22 years$2,919$2,306$1,804$1,399$1,078$603
23 years$2,763$2,157$1,666$1,275$967$524
24 years$2,619$2,021$1,541$1,162$870$456
25 years$2,488$1,896$1,427$1,062$782$397
26 years$2,367$1,782$1,323$971$705$345
27 years$2,255$1,677$1,229$888$635$301
28 years$2,151$1,581$1,142$814$573$262
29 years$2,054$1,491$1,063$746$518$229
30 years$1,964$1,408$990$685$468$200
31 years$1,880$1,331$923$629$423$174
32 years$1,802$1,260$861$578$383$152
33 years$1,728$1,193$804$532$346$133
34 years$1,659$1,131$751$489$313$116
35 years$1,594$1,072$703$450$284$101
36 years$1,533$1,018$657$415$257$89
37 years$1,475$967$615$382$233$77
38 years$1,420$919$576$352$211$68
39 years$1,368$874$540$325$192$59
40 years$1,319$831$506$300$174$52
41 years$1,273$791$474$276$158$45
42 years$1,229$753$445$255$143$40
43 years$1,187$718$418$235$130$35
44 years$1,147$684$392$217$118$30
45 years$1,108$653$368$201$107$26
46 years$1,072$623$346$185$97$23
47 years$1,037$594$325$171$88$20
48 years$1,004$567$305$158$80$18
49 years$973$542$287$146$73$15
50 years$942$517$270$135$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $965,000, adding $4,806 every year, while hoping to spend $34,942 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: 89/6/5 Blend
64$965,000$965,000$965,000$965,000
65$1,068,387$1,017,242$1,002,285$1,163,198
66$1,140,185$1,029,909$998,683$1,238,247
67$1,218,135$1,042,026$993,790$1,315,320
68$1,302,827$1,053,528$987,525$1,398,900
69$1,394,912$1,064,348$979,804$1,489,616
70$1,495,105$1,074,412$970,539$1,588,160
71$1,604,191$1,083,644$959,638$1,695,294
72$1,723,037$1,091,961$947,004$1,811,857
73$1,852,595$1,099,274$932,536$1,938,771
74$1,993,912$1,105,491$916,128$2,077,055
75$2,148,142$1,110,512$897,670$2,227,826
76$2,316,556$1,114,231$877,046$2,392,319
77$2,500,552$1,116,534$854,133$2,571,891
78$2,701,667$1,117,304$828,806$2,768,038
79$2,921,597$1,116,412$800,931$2,982,407
80$3,162,208$1,113,723$770,370$3,216,811
81$3,425,552$1,109,095$736,977$3,473,250
82$3,713,893$1,102,376$700,600$3,753,925
83$4,029,722$1,093,404$661,082$4,061,260
84$4,375,780$1,082,007$618,255$4,397,926
85$4,755,090$1,068,006$571,947$4,766,867
86$5,170,979$1,051,208$521,976$5,171,324
87$5,627,111$1,031,409$468,154$5,614,869
88$6,127,521$1,008,393$410,283$6,101,437
89$6,676,657$981,933$348,156$6,635,363
90$7,279,415$951,786$281,558$7,221,425
91$7,941,188$917,697$210,263$7,864,885
92$8,667,920$879,395$134,037$8,571,541
93$9,466,155$836,592$52,635$9,347,784
94$10,343,105$788,987$0$10,200,654
95$11,306,712$736,259$0$11,139,733
96$12,365,729$678,068$0$12,174,859
97$13,529,797$614,056$0$13,312,654
98$14,809,536$543,844$0$14,563,511
99$16,216,649$467,033$0$15,938,883
100$17,764,028$383,199$0$17,451,388