Can I retire at age 65 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$79,771$79,061$78,368$77,691$77,030$74,445
2 years$39,491$38,755$38,043$37,351$36,681$34,102
3 years$26,066$25,327$24,616$23,931$23,272$20,780
4 years$19,354$18,618$17,914$17,241$16,598$14,212
5 years$15,329$14,597$13,902$13,243$12,617$10,344
6 years$12,646$11,919$11,235$10,590$9,984$7,825
7 years$10,730$10,010$9,336$8,707$8,119$6,075
8 years$9,294$8,580$7,918$7,304$6,736$4,804
9 years$8,178$7,471$6,820$6,221$5,673$3,851
10 years$7,285$6,585$5,946$5,363$4,833$3,119
11 years$6,555$5,862$5,234$4,667$4,157$2,546
12 years$5,948$5,262$4,645$4,094$3,602$2,092
13 years$5,434$4,755$4,150$3,614$3,141$1,727
14 years$4,994$4,322$3,729$3,208$2,754$1,432
15 years$4,613$3,948$3,367$2,861$2,424$1,191
16 years$4,280$3,623$3,053$2,562$2,143$993
17 years$3,986$3,336$2,778$2,302$1,900$830
18 years$3,725$3,083$2,536$2,075$1,689$695
19 years$3,493$2,857$2,321$1,874$1,506$583
20 years$3,283$2,655$2,130$1,698$1,345$490
21 years$3,094$2,473$1,960$1,541$1,204$412
22 years$2,922$2,308$1,806$1,401$1,079$346
23 years$2,766$2,159$1,668$1,276$968$292
24 years$2,622$2,023$1,542$1,164$870$246
25 years$2,490$1,898$1,428$1,063$783$207
26 years$2,369$1,784$1,325$972$706$175
27 years$2,257$1,679$1,230$889$636$147
28 years$2,153$1,582$1,144$815$574$124
29 years$2,056$1,493$1,064$747$518$105
30 years$1,966$1,410$991$686$468$89
31 years$1,882$1,333$924$630$423$75
32 years$1,804$1,261$862$579$383$63
33 years$1,730$1,194$805$532$347$53
34 years$1,661$1,132$752$490$314$45
35 years$1,596$1,073$703$451$284$38
36 years$1,534$1,019$658$415$258$32
37 years$1,476$968$616$383$233$27
38 years$1,422$920$577$353$212$23
39 years$1,370$874$540$325$192$19
40 years$1,321$832$506$300$174$16
41 years$1,274$792$475$277$158$14
42 years$1,230$754$445$255$143$12
43 years$1,188$719$418$236$130$10
44 years$1,148$685$392$218$118$8
45 years$1,110$653$368$201$107$7
46 years$1,073$623$346$186$97$6
47 years$1,038$595$325$172$88$5
48 years$1,005$568$305$159$80$4
49 years$974$542$287$146$73$4
50 years$943$518$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $966,000, adding $4,766 every year, while hoping to spend $35,426 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: 37/39/24 Blend
64$966,000$966,000$966,000$966,000
65$1,069,448$1,018,250$1,003,277$1,101,167
66$1,140,839$1,030,451$999,194$1,137,020
67$1,218,324$1,042,063$993,787$1,172,100
68$1,302,488$1,053,019$986,973$1,209,289
69$1,393,974$1,063,249$978,669$1,248,798
70$1,493,487$1,072,677$968,783$1,290,863
71$1,601,807$1,081,222$957,221$1,335,745
72$1,719,790$1,088,800$943,886$1,383,734
73$1,848,376$1,095,319$928,674$1,435,150
74$1,988,603$1,100,682$911,477$1,490,350
75$2,141,611$1,104,786$892,182$1,549,730
76$2,308,657$1,107,522$870,672$1,613,727
77$2,491,122$1,108,773$846,821$1,682,826
78$2,690,528$1,108,415$820,502$1,757,566
79$2,908,552$1,106,316$791,578$1,838,541
80$3,147,036$1,102,338$759,908$1,926,414
81$3,408,014$1,096,332$725,345$2,021,913
82$3,693,720$1,088,142$687,733$2,125,850
83$4,006,618$1,077,599$646,911$2,239,119
84$4,349,420$1,064,529$602,709$2,362,713
85$4,725,113$1,048,743$554,952$2,497,728
86$5,136,987$1,030,043$503,455$2,645,381
87$5,588,663$1,008,219$448,025$2,807,013
88$6,084,134$983,048$388,460$2,984,112
89$6,627,793$954,295$324,551$3,178,321
90$7,224,482$921,710$256,078$3,391,458
91$7,879,535$885,029$182,812$3,625,531
92$8,598,824$843,973$104,513$3,882,764
93$9,388,822$798,245$20,932$4,165,611
94$10,256,656$747,534$0$4,476,787
95$11,210,181$691,508$0$4,836,772
96$12,258,045$629,818$0$5,238,256
97$13,409,782$562,095$0$5,679,608
98$14,675,890$487,949$0$6,164,948
99$16,067,938$406,965$0$6,698,824
100$17,598,671$318,710$0$7,286,253