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%13.7%
1 years$79,689$78,979$78,286$77,610$76,950$75,769
2 years$39,450$38,715$38,003$37,313$36,643$35,456
3 years$26,039$25,301$24,591$23,907$23,248$22,092
4 years$19,334$18,599$17,896$17,223$16,581$15,464
5 years$15,313$14,582$13,888$13,229$12,604$11,531
6 years$12,633$11,907$11,223$10,580$9,973$8,944
7 years$10,719$9,999$9,327$8,698$8,111$7,127
8 years$9,285$8,571$7,910$7,297$6,729$5,789
9 years$8,169$7,463$6,813$6,215$5,667$4,771
10 years$7,278$6,578$5,939$5,357$4,828$3,976
11 years$6,549$5,856$5,229$4,663$4,152$3,343
12 years$5,942$5,256$4,641$4,090$3,598$2,830
13 years$5,428$4,750$4,146$3,611$3,138$2,410
14 years$4,989$4,318$3,725$3,205$2,751$2,062
15 years$4,608$3,944$3,363$2,858$2,422$1,771
16 years$4,275$3,619$3,049$2,559$2,141$1,526
17 years$3,982$3,333$2,775$2,300$1,898$1,319
18 years$3,722$3,080$2,533$2,072$1,688$1,143
19 years$3,489$2,854$2,319$1,873$1,504$992
20 years$3,280$2,652$2,128$1,696$1,344$862
21 years$3,091$2,470$1,958$1,539$1,202$751
22 years$2,919$2,306$1,804$1,399$1,078$655
23 years$2,763$2,157$1,666$1,275$967$571
24 years$2,619$2,021$1,541$1,162$870$499
25 years$2,488$1,896$1,427$1,062$782$437
26 years$2,367$1,782$1,323$971$705$382
27 years$2,255$1,677$1,229$888$635$335
28 years$2,151$1,581$1,142$814$573$293
29 years$2,054$1,491$1,063$746$518$257
30 years$1,964$1,408$990$685$468$225
31 years$1,880$1,331$923$629$423$198
32 years$1,802$1,260$861$578$383$173
33 years$1,728$1,193$804$532$346$152
34 years$1,659$1,131$751$489$313$134
35 years$1,594$1,072$703$450$284$117
36 years$1,533$1,018$657$415$257$103
37 years$1,475$967$615$382$233$91
38 years$1,420$919$576$352$211$80
39 years$1,368$874$540$325$192$70
40 years$1,319$831$506$300$174$61
41 years$1,273$791$474$276$158$54
42 years$1,229$753$445$255$143$47
43 years$1,187$718$418$235$130$42
44 years$1,147$684$392$217$118$37
45 years$1,108$653$368$201$107$32
46 years$1,072$623$346$185$97$28
47 years$1,037$594$325$171$88$25
48 years$1,004$567$305$158$80$22
49 years$973$542$287$146$73$19
50 years$942$517$270$135$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $965,000, adding $2,177 every year, while hoping to spend $27,021 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: 53/18/29 Blend
64$965,000$965,000$965,000$965,000
65$1,065,676$1,014,531$999,573$1,113,406
66$1,145,624$1,035,492$1,004,309$1,167,729
67$1,232,822$1,056,576$1,008,297$1,223,899
68$1,327,980$1,077,758$1,011,485$1,284,500
69$1,431,881$1,099,015$1,013,817$1,349,967
70$1,545,385$1,120,319$1,015,232$1,420,779
71$1,669,442$1,141,642$1,015,670$1,497,468
72$1,805,095$1,162,952$1,015,064$1,580,616
73$1,953,493$1,184,216$1,013,348$1,670,870
74$2,115,903$1,205,396$1,010,449$1,768,939
75$2,293,718$1,226,454$1,006,292$1,875,608
76$2,488,473$1,247,346$1,000,798$1,991,742
77$2,701,859$1,268,026$993,886$2,118,294
78$2,935,735$1,288,447$985,468$2,256,318
79$3,192,153$1,308,554$975,455$2,406,972
80$3,473,371$1,328,291$963,750$2,571,537
81$3,781,874$1,347,597$950,255$2,751,424
82$4,120,403$1,366,407$934,867$2,948,189
83$4,491,974$1,384,651$917,475$3,163,549
84$4,899,911$1,402,254$897,966$3,399,397
85$5,347,876$1,419,138$876,221$3,657,821
86$5,839,899$1,435,216$852,115$3,941,122
87$6,380,426$1,450,398$825,517$4,251,839
88$6,974,349$1,464,587$796,292$4,592,771
89$7,627,060$1,477,680$764,295$4,967,006
90$8,344,500$1,489,566$729,379$5,377,948
91$9,133,212$1,500,128$691,386$5,829,349
92$10,000,407$1,509,241$650,154$6,325,348
93$10,954,026$1,516,772$605,513$6,870,509
94$12,002,823$1,522,580$557,284$7,469,863
95$13,156,439$1,526,515$505,281$8,128,957
96$14,425,498$1,528,416$449,310$8,853,909
97$15,821,704$1,528,114$389,167$9,651,461
98$17,357,955$1,525,428$324,641$10,529,049
99$19,048,460$1,520,168$255,510$11,494,870
100$20,908,876$1,512,129$181,543$12,557,961