Can I retire at age 65 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$80,267$79,552$78,854$78,173$77,509$74,818
2 years$39,736$38,996$38,279$37,583$36,909$34,226
3 years$26,228$25,484$24,769$24,080$23,417$20,826
4 years$19,475$18,734$18,025$17,348$16,701$14,222
5 years$15,424$14,687$13,988$13,325$12,696$10,335
6 years$12,724$11,993$11,305$10,656$10,046$7,805
7 years$10,797$10,072$9,394$8,761$8,170$6,049
8 years$9,352$8,634$7,967$7,349$6,778$4,775
9 years$8,229$7,517$6,862$6,260$5,708$3,820
10 years$7,330$6,626$5,983$5,396$4,863$3,088
11 years$6,596$5,899$5,267$4,696$4,183$2,516
12 years$5,985$5,294$4,674$4,119$3,625$2,063
13 years$5,468$4,785$4,176$3,637$3,161$1,700
14 years$5,025$4,349$3,752$3,228$2,771$1,407
15 years$4,641$3,973$3,388$2,879$2,439$1,167
16 years$4,306$3,645$3,072$2,578$2,156$972
17 years$4,011$3,357$2,795$2,316$1,912$810
18 years$3,749$3,102$2,551$2,087$1,700$677
19 years$3,514$2,875$2,336$1,886$1,515$567
20 years$3,304$2,671$2,144$1,708$1,353$475
21 years$3,113$2,488$1,972$1,550$1,211$398
22 years$2,940$2,323$1,817$1,410$1,086$334
23 years$2,783$2,172$1,678$1,284$974$281
24 years$2,638$2,035$1,552$1,171$876$236
25 years$2,506$1,910$1,437$1,069$788$198
26 years$2,384$1,795$1,333$978$710$167
27 years$2,271$1,690$1,238$895$640$140
28 years$2,166$1,592$1,151$820$578$118
29 years$2,069$1,502$1,071$752$521$100
30 years$1,979$1,418$997$690$471$84
31 years$1,894$1,341$930$634$426$71
32 years$1,815$1,269$868$582$385$60
33 years$1,741$1,202$810$536$349$50
34 years$1,671$1,139$757$493$316$42
35 years$1,606$1,080$708$454$286$36
36 years$1,544$1,025$662$418$259$30
37 years$1,485$974$620$385$235$25
38 years$1,430$925$580$355$213$21
39 years$1,378$880$544$327$193$18
40 years$1,329$837$510$302$175$15
41 years$1,282$797$478$278$159$13
42 years$1,237$759$448$257$144$11
43 years$1,195$723$421$237$131$9
44 years$1,155$689$395$219$119$8
45 years$1,116$657$371$202$108$6
46 years$1,080$627$348$187$98$5
47 years$1,045$598$327$173$89$5
48 years$1,012$571$307$159$81$4
49 years$980$545$289$147$73$3
50 years$949$521$272$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $972,000, adding $4,684 every year, while hoping to spend $27,616 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: 57/28/15 Blend
64$972,000$972,000$972,000$972,000
65$1,075,976$1,024,460$1,009,394$1,132,877
66$1,156,342$1,045,275$1,013,825$1,192,790
67$1,243,980$1,066,185$1,017,479$1,254,618
68$1,339,602$1,087,164$1,020,301$1,321,356
69$1,443,994$1,108,187$1,022,233$1,393,478
70$1,558,017$1,129,224$1,023,214$1,471,509
71$1,682,622$1,150,244$1,023,180$1,556,029
72$1,818,857$1,171,213$1,022,063$1,647,672
73$1,967,873$1,192,095$1,019,795$1,747,142
74$2,130,938$1,212,850$1,016,300$1,855,213
75$2,309,450$1,233,436$1,011,503$1,972,737
76$2,504,947$1,253,807$1,005,320$2,100,656
77$2,719,122$1,273,913$997,669$2,240,004
78$2,953,841$1,293,704$988,460$2,391,926
79$3,211,158$1,313,121$977,599$2,557,680
80$3,493,337$1,332,104$964,989$2,738,655
81$3,802,869$1,350,589$950,527$2,936,382
82$4,142,499$1,368,506$934,108$3,152,548
83$4,515,252$1,385,780$915,618$3,389,013
84$4,924,457$1,402,333$894,941$3,647,828
85$5,373,783$1,418,079$871,953$3,931,253
86$5,867,272$1,432,928$846,527$4,241,782
87$6,409,376$1,446,784$818,528$4,582,160
88$7,005,000$1,459,543$787,816$4,955,418
89$7,659,546$1,471,097$754,243$5,364,895
90$8,378,966$1,481,328$717,657$5,814,270
91$9,169,820$1,490,111$677,898$6,307,602
92$10,039,330$1,497,316$634,796$6,849,366
93$10,995,458$1,502,800$588,178$7,444,491
94$12,046,972$1,506,415$537,859$8,098,414
95$13,203,535$1,508,001$483,649$8,817,129
96$14,475,792$1,507,389$425,348$9,607,242
97$15,875,472$1,504,401$362,747$10,476,035
98$17,415,499$1,498,846$295,628$11,431,537
99$19,110,112$1,490,521$223,763$12,482,597
100$20,975,000$1,479,213$146,915$13,638,971