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%12.1%
1 years$79,689$78,979$78,286$77,610$76,950$76,274
2 years$39,450$38,715$38,003$37,313$36,643$35,961
3 years$26,039$25,301$24,591$23,907$23,248$22,582
4 years$19,334$18,599$17,896$17,223$16,581$15,936
5 years$15,313$14,582$13,888$13,229$12,604$11,982
6 years$12,633$11,907$11,223$10,580$9,973$9,375
7 years$10,719$9,999$9,327$8,698$8,111$7,537
8 years$9,285$8,571$7,910$7,297$6,729$6,179
9 years$8,169$7,463$6,813$6,215$5,667$5,140
10 years$7,278$6,578$5,939$5,357$4,828$4,325
11 years$6,549$5,856$5,229$4,663$4,152$3,673
12 years$5,942$5,256$4,641$4,090$3,598$3,141
13 years$5,428$4,750$4,146$3,611$3,138$2,703
14 years$4,989$4,318$3,725$3,205$2,751$2,337
15 years$4,608$3,944$3,363$2,858$2,422$2,030
16 years$4,275$3,619$3,049$2,559$2,141$1,769
17 years$3,982$3,333$2,775$2,300$1,898$1,546
18 years$3,722$3,080$2,533$2,072$1,688$1,354
19 years$3,489$2,854$2,319$1,873$1,504$1,189
20 years$3,280$2,652$2,128$1,696$1,344$1,046
21 years$3,091$2,470$1,958$1,539$1,202$922
22 years$2,919$2,306$1,804$1,399$1,078$814
23 years$2,763$2,157$1,666$1,275$967$719
24 years$2,619$2,021$1,541$1,162$870$636
25 years$2,488$1,896$1,427$1,062$782$563
26 years$2,367$1,782$1,323$971$705$499
27 years$2,255$1,677$1,229$888$635$443
28 years$2,151$1,581$1,142$814$573$393
29 years$2,054$1,491$1,063$746$518$349
30 years$1,964$1,408$990$685$468$310
31 years$1,880$1,331$923$629$423$276
32 years$1,802$1,260$861$578$383$245
33 years$1,728$1,193$804$532$346$218
34 years$1,659$1,131$751$489$313$194
35 years$1,594$1,072$703$450$284$173
36 years$1,533$1,018$657$415$257$154
37 years$1,475$967$615$382$233$137
38 years$1,420$919$576$352$211$122
39 years$1,368$874$540$325$192$109
40 years$1,319$831$506$300$174$97
41 years$1,273$791$474$276$158$86
42 years$1,229$753$445$255$143$77
43 years$1,187$718$418$235$130$68
44 years$1,147$684$392$217$118$61
45 years$1,108$653$368$201$107$54
46 years$1,072$623$346$185$97$48
47 years$1,037$594$325$171$88$43
48 years$1,004$567$305$158$80$39
49 years$973$542$287$146$73$34
50 years$942$517$270$135$66$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $965,000, adding $5,359 every year, while hoping to spend $44,707 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: 33/40/27 Blend
64$965,000$965,000$965,000$965,000
65$1,068,958$1,017,813$1,002,855$1,095,309
66$1,130,424$1,020,118$988,883$1,118,038
67$1,196,661$1,021,037$972,944$1,138,157
68$1,268,108$1,020,456$954,926$1,158,964
69$1,345,249$1,018,252$934,710$1,180,551
70$1,428,614$1,014,296$912,172$1,203,020
71$1,518,785$1,008,450$887,183$1,226,492
72$1,616,405$1,000,567$859,607$1,251,099
73$1,722,176$990,493$829,302$1,276,993
74$1,836,875$978,064$796,121$1,304,346
75$1,961,353$963,106$759,907$1,333,351
76$2,096,547$945,434$720,500$1,364,227
77$2,243,487$924,852$677,729$1,397,220
78$2,403,307$901,155$631,417$1,432,605
79$2,577,255$874,122$581,381$1,470,693
80$2,766,704$843,523$527,425$1,511,832
81$2,973,163$809,110$469,349$1,556,412
82$3,198,295$770,626$406,942$1,604,870
83$3,443,929$727,795$339,983$1,657,694
84$3,712,079$680,326$268,242$1,715,431
85$4,004,962$627,913$191,479$1,778,691
86$4,325,018$570,231$109,443$1,848,155
87$4,674,934$506,936$21,873$1,924,585
88$5,057,667$437,666$0$2,008,826
89$5,476,474$362,036$0$2,122,445
90$5,934,942$279,644$0$2,253,937
91$6,437,019$190,059$0$2,398,249
92$6,987,054$92,832$0$2,556,773
93$7,589,838$0$0$2,731,050
94$8,250,643$0$0$2,928,295
95$8,975,280$0$0$3,189,544
96$9,770,146$0$0$3,476,261
97$10,642,289$0$0$3,791,007
98$11,599,473$0$0$4,136,602
99$12,650,246$0$0$4,516,154
100$13,804,029$0$0$4,933,086