Can I retire at age 65 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$80,019$79,306$78,611$77,932$77,269$74,292
2 years$39,613$38,876$38,161$37,467$36,795$33,830
3 years$26,147$25,406$24,692$24,006$23,344$20,486
4 years$19,415$18,676$17,970$17,295$16,649$13,920
5 years$15,376$14,642$13,945$13,284$12,657$10,062
6 years$12,685$11,956$11,270$10,623$10,015$7,557
7 years$10,764$10,041$9,365$8,734$8,145$5,824
8 years$9,323$8,607$7,943$7,327$6,757$4,570
9 years$8,203$7,494$6,841$6,241$5,690$3,634
10 years$7,308$6,606$5,964$5,380$4,848$2,919
11 years$6,576$5,880$5,251$4,682$4,170$2,363
12 years$5,966$5,278$4,660$4,107$3,613$1,925
13 years$5,451$4,770$4,163$3,626$3,151$1,575
14 years$5,009$4,336$3,741$3,218$2,762$1,294
15 years$4,627$3,961$3,377$2,870$2,432$1,066
16 years$4,293$3,634$3,062$2,570$2,149$881
17 years$3,999$3,347$2,786$2,309$1,906$729
18 years$3,737$3,092$2,544$2,081$1,695$605
19 years$3,503$2,866$2,329$1,880$1,510$502
20 years$3,293$2,663$2,137$1,703$1,349$418
21 years$3,104$2,481$1,966$1,546$1,207$348
22 years$2,931$2,316$1,812$1,405$1,082$290
23 years$2,774$2,166$1,673$1,280$971$241
24 years$2,630$2,029$1,547$1,167$873$201
25 years$2,498$1,904$1,433$1,066$786$168
26 years$2,377$1,790$1,329$975$708$140
27 years$2,264$1,684$1,234$892$638$117
28 years$2,160$1,587$1,147$817$576$98
29 years$2,063$1,497$1,068$750$520$82
30 years$1,972$1,414$994$688$470$68
31 years$1,888$1,337$927$632$425$57
32 years$1,809$1,265$865$581$384$48
33 years$1,735$1,198$808$534$348$40
34 years$1,666$1,135$755$491$315$33
35 years$1,601$1,077$705$452$285$28
36 years$1,539$1,022$660$417$258$23
37 years$1,481$971$618$384$234$19
38 years$1,426$922$578$354$212$16
39 years$1,374$877$542$326$192$14
40 years$1,325$835$508$301$175$11
41 years$1,278$794$476$278$158$9
42 years$1,234$757$447$256$144$8
43 years$1,191$721$419$236$130$7
44 years$1,151$687$394$218$118$6
45 years$1,113$655$370$202$107$5
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $969,000, adding $3,941 every year, while hoping to spend $20,760 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: 75/14/11 Blend
64$969,000$969,000$969,000$969,000
65$1,071,903$1,020,546$1,005,527$1,149,765
66$1,159,149$1,048,464$1,017,123$1,229,568
67$1,254,598$1,077,055$1,028,413$1,314,000
68$1,359,065$1,106,329$1,039,363$1,405,948
69$1,473,447$1,136,296$1,049,939$1,506,153
70$1,598,733$1,166,969$1,060,106$1,615,428
71$1,736,010$1,198,357$1,069,826$1,734,671
72$1,886,477$1,230,470$1,079,059$1,864,869
73$2,051,453$1,263,319$1,087,763$2,007,108
74$2,232,393$1,296,913$1,095,895$2,162,588
75$2,430,896$1,331,261$1,103,407$2,332,627
76$2,648,728$1,366,373$1,110,251$2,518,680
77$2,887,829$1,402,256$1,116,375$2,722,345
78$3,150,340$1,438,919$1,121,726$2,945,388
79$3,438,617$1,476,369$1,126,246$3,189,751
80$3,755,258$1,514,613$1,129,877$3,457,575
81$4,103,121$1,553,656$1,132,556$3,751,216
82$4,485,359$1,593,505$1,134,216$4,073,273
83$4,905,442$1,634,163$1,134,789$4,426,607
84$5,367,195$1,675,635$1,134,202$4,814,372
85$5,874,831$1,717,923$1,132,379$5,240,042
86$6,432,991$1,761,029$1,129,242$5,707,445
87$7,046,790$1,804,953$1,124,705$6,220,797
88$7,721,862$1,849,695$1,118,682$6,784,746
89$8,464,415$1,895,253$1,111,080$7,404,412
90$9,281,288$1,941,623$1,101,804$8,085,437
91$10,180,017$1,988,800$1,090,753$8,834,036
92$11,168,906$2,036,779$1,077,820$9,657,061
93$12,257,103$2,085,550$1,062,896$10,562,057
94$13,454,689$2,135,103$1,045,865$11,557,343
95$14,772,771$2,185,426$1,026,604$12,652,083
96$16,223,586$2,236,505$1,004,988$13,856,375
97$17,820,621$2,288,323$980,884$15,181,347
98$19,578,733$2,340,859$954,153$16,639,262
99$21,514,296$2,394,093$924,649$18,243,631
100$23,645,350$2,447,999$892,220$20,009,346