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%11.6%
1 years$79,689$78,979$78,286$77,610$76,950$76,433
2 years$39,450$38,715$38,003$37,313$36,643$36,122
3 years$26,039$25,301$24,591$23,907$23,248$22,738
4 years$19,334$18,599$17,896$17,223$16,581$16,087
5 years$15,313$14,582$13,888$13,229$12,604$12,127
6 years$12,633$11,907$11,223$10,580$9,973$9,514
7 years$10,719$9,999$9,327$8,698$8,111$7,670
8 years$9,285$8,571$7,910$7,297$6,729$6,306
9 years$8,169$7,463$6,813$6,215$5,667$5,261
10 years$7,278$6,578$5,939$5,357$4,828$4,440
11 years$6,549$5,856$5,229$4,663$4,152$3,782
12 years$5,942$5,256$4,641$4,090$3,598$3,245
13 years$5,428$4,750$4,146$3,611$3,138$2,801
14 years$4,989$4,318$3,725$3,205$2,751$2,430
15 years$4,608$3,944$3,363$2,858$2,422$2,117
16 years$4,275$3,619$3,049$2,559$2,141$1,851
17 years$3,982$3,333$2,775$2,300$1,898$1,624
18 years$3,722$3,080$2,533$2,072$1,688$1,428
19 years$3,489$2,854$2,319$1,873$1,504$1,258
20 years$3,280$2,652$2,128$1,696$1,344$1,111
21 years$3,091$2,470$1,958$1,539$1,202$983
22 years$2,919$2,306$1,804$1,399$1,078$871
23 years$2,763$2,157$1,666$1,275$967$772
24 years$2,619$2,021$1,541$1,162$870$686
25 years$2,488$1,896$1,427$1,062$782$610
26 years$2,367$1,782$1,323$971$705$542
27 years$2,255$1,677$1,229$888$635$483
28 years$2,151$1,581$1,142$814$573$430
29 years$2,054$1,491$1,063$746$518$384
30 years$1,964$1,408$990$685$468$342
31 years$1,880$1,331$923$629$423$305
32 years$1,802$1,260$861$578$383$273
33 years$1,728$1,193$804$532$346$244
34 years$1,659$1,131$751$489$313$218
35 years$1,594$1,072$703$450$284$194
36 years$1,533$1,018$657$415$257$174
37 years$1,475$967$615$382$233$155
38 years$1,420$919$576$352$211$139
39 years$1,368$874$540$325$192$124
40 years$1,319$831$506$300$174$111
41 years$1,273$791$474$276$158$100
42 years$1,229$753$445$255$143$89
43 years$1,187$718$418$235$130$80
44 years$1,147$684$392$217$118$71
45 years$1,108$653$368$201$107$64
46 years$1,072$623$346$185$97$57
47 years$1,037$594$325$171$88$51
48 years$1,004$567$305$158$80$46
49 years$973$542$287$146$73$41
50 years$942$517$270$135$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $965,000, adding $5,060 every year, while hoping to spend $35,895 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: 61/24/15 Blend
64$965,000$965,000$965,000$965,000
65$1,068,649$1,017,504$1,002,547$1,129,542
66$1,139,460$1,029,170$997,940$1,182,794
67$1,216,289$1,040,204$991,976$1,236,389
68$1,299,715$1,050,538$984,571$1,294,022
69$1,390,370$1,060,099$975,638$1,356,085
70$1,488,951$1,068,807$965,086$1,423,014
71$1,596,226$1,076,580$952,818$1,495,289
72$1,713,038$1,083,330$938,734$1,573,439
73$1,840,315$1,088,961$922,730$1,658,049
74$1,979,081$1,093,373$904,694$1,749,762
75$2,130,458$1,096,459$884,512$1,849,291
76$2,295,685$1,098,106$862,064$1,957,421
77$2,476,125$1,098,194$837,224$2,075,017
78$2,673,278$1,096,593$809,859$2,203,036
79$2,888,795$1,093,169$779,832$2,342,531
80$3,124,495$1,087,776$746,998$2,494,668
81$3,382,378$1,080,262$711,208$2,660,729
82$3,664,650$1,070,465$672,302$2,842,131
83$3,973,738$1,058,211$630,118$3,040,437
84$4,312,314$1,043,318$584,482$3,257,372
85$4,683,322$1,025,593$535,214$3,494,837
86$5,090,005$1,004,831$482,128$3,754,932
87$5,535,932$980,815$425,026$4,039,971
88$6,025,037$953,314$363,704$4,352,509
89$6,561,650$922,085$297,947$4,695,363
90$7,150,542$886,872$227,532$5,071,641
91$7,796,969$847,400$152,226$5,484,771
92$8,506,719$803,382$71,785$5,938,533
93$9,286,170$754,513$0$6,437,099
94$10,142,344$700,469$0$6,987,318
95$11,082,982$640,911$0$7,604,421
96$12,116,607$575,476$0$8,282,546
97$13,252,612$503,786$0$9,027,910
98$14,501,343$425,435$0$9,847,367
99$15,874,198$340,000$0$10,748,473
100$17,383,737$247,031$0$11,739,554