Can I retire at age 65 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,854$79,143$78,449$77,771$77,110$76,753
2 years$39,532$38,795$38,082$37,390$36,719$36,358
3 years$26,093$25,353$24,642$23,956$23,296$22,943
4 years$19,374$18,637$17,933$17,259$16,615$16,273
5 years$15,345$14,612$13,917$13,257$12,630$12,300
6 years$12,659$11,932$11,247$10,601$9,994$9,675
7 years$10,741$10,020$9,346$8,716$8,128$7,821
8 years$9,304$8,589$7,926$7,312$6,743$6,448
9 years$8,186$7,478$6,827$6,228$5,678$5,396
10 years$7,293$6,592$5,952$5,369$4,838$4,568
11 years$6,562$5,868$5,240$4,672$4,161$3,902
12 years$5,954$5,267$4,650$4,098$3,606$3,359
13 years$5,440$4,760$4,155$3,618$3,144$2,909
14 years$4,999$4,327$3,733$3,212$2,756$2,532
15 years$4,618$3,952$3,370$2,864$2,427$2,213
16 years$4,284$3,626$3,056$2,565$2,145$1,942
17 years$3,990$3,340$2,781$2,304$1,902$1,709
18 years$3,729$3,086$2,538$2,077$1,691$1,508
19 years$3,496$2,860$2,324$1,876$1,507$1,334
20 years$3,287$2,658$2,133$1,699$1,346$1,182
21 years$3,097$2,476$1,962$1,542$1,205$1,049
22 years$2,925$2,311$1,808$1,402$1,080$933
23 years$2,768$2,161$1,669$1,277$969$831
24 years$2,625$2,025$1,544$1,165$871$740
25 years$2,493$1,900$1,430$1,064$784$661
26 years$2,372$1,786$1,326$973$706$590
27 years$2,259$1,681$1,231$890$637$528
28 years$2,155$1,584$1,145$816$575$472
29 years$2,059$1,494$1,065$748$519$422
30 years$1,968$1,411$992$687$469$378
31 years$1,884$1,334$925$631$424$339
32 years$1,806$1,262$863$579$383$304
33 years$1,732$1,195$806$533$347$273
34 years$1,662$1,133$753$490$314$245
35 years$1,597$1,075$704$451$285$220
36 years$1,536$1,020$659$416$258$197
37 years$1,478$969$616$383$234$177
38 years$1,423$921$577$353$212$159
39 years$1,371$875$541$325$192$143
40 years$1,322$833$507$300$174$128
41 years$1,275$793$475$277$158$115
42 years$1,231$755$446$256$143$104
43 years$1,189$719$418$236$130$93
44 years$1,149$686$393$218$118$84
45 years$1,111$654$369$201$107$75
46 years$1,074$624$346$186$97$68
47 years$1,040$595$325$172$88$61
48 years$1,006$568$306$159$80$55
49 years$975$543$287$147$73$49
50 years$944$518$270$136$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $967,000, adding $3,886 every year, while hoping to spend $30,196 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: 70/7/23 Blend
64$967,000$967,000$967,000$967,000
65$1,069,642$1,018,391$1,003,403$1,138,086
66$1,146,618$1,036,164$1,004,889$1,202,105
67$1,230,432$1,053,796$1,005,412$1,268,262
68$1,321,752$1,071,248$1,004,909$1,339,955
69$1,421,310$1,088,478$1,003,312$1,417,728
70$1,529,912$1,105,441$1,000,552$1,502,184
71$1,648,445$1,122,090$996,553$1,593,988
72$1,777,887$1,138,374$991,238$1,693,869
73$1,919,313$1,154,236$984,526$1,802,635
74$2,073,907$1,169,617$976,332$1,921,175
75$2,242,973$1,184,456$966,566$2,050,467
76$2,427,946$1,198,683$955,135$2,191,593
77$2,630,405$1,212,228$941,942$2,345,743
78$2,852,092$1,225,013$926,882$2,514,229
79$3,094,923$1,236,956$909,850$2,698,498
80$3,361,008$1,247,970$890,733$2,900,145
81$3,652,672$1,257,961$869,413$3,120,929
82$3,972,473$1,266,830$845,767$3,362,788
83$4,323,232$1,274,471$819,667$3,627,857
84$4,708,054$1,280,772$790,978$3,918,493
85$5,130,359$1,285,614$759,559$4,237,292
86$5,593,914$1,288,868$725,264$4,587,116
87$6,102,871$1,290,399$687,937$4,971,121
88$6,661,799$1,290,065$647,419$5,392,783
89$7,275,737$1,287,712$603,541$5,855,936
90$7,950,230$1,283,178$556,128$6,364,808
91$8,691,392$1,276,292$504,997$6,924,056
92$9,505,954$1,266,871$449,955$7,538,815
93$10,401,335$1,254,721$390,802$8,214,746
94$11,385,707$1,239,638$327,330$8,958,088
95$12,468,073$1,221,404$259,319$9,775,719
96$13,658,353$1,199,789$186,542$10,675,220
97$14,967,475$1,174,549$108,762$11,664,946
98$16,407,481$1,145,425$25,728$12,754,109
99$17,991,637$1,112,144$0$13,952,860
100$19,734,560$1,074,415$0$15,287,824