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%13.2%
1 years$80,267$79,552$78,854$78,173$77,509$76,477
2 years$39,736$38,996$38,279$37,583$36,909$35,871
3 years$26,228$25,484$24,769$24,080$23,417$22,405
4 years$19,475$18,734$18,025$17,348$16,701$15,723
5 years$15,424$14,687$13,988$13,325$12,696$11,755
6 years$12,724$11,993$11,305$10,656$10,046$9,143
7 years$10,797$10,072$9,394$8,761$8,170$7,305
8 years$9,352$8,634$7,967$7,349$6,778$5,951
9 years$8,229$7,517$6,862$6,260$5,708$4,919
10 years$7,330$6,626$5,983$5,396$4,863$4,112
11 years$6,596$5,899$5,267$4,696$4,183$3,468
12 years$5,985$5,294$4,674$4,119$3,625$2,945
13 years$5,468$4,785$4,176$3,637$3,161$2,516
14 years$5,025$4,349$3,752$3,228$2,771$2,160
15 years$4,641$3,973$3,388$2,879$2,439$1,862
16 years$4,306$3,645$3,072$2,578$2,156$1,610
17 years$4,011$3,357$2,795$2,316$1,912$1,396
18 years$3,749$3,102$2,551$2,087$1,700$1,214
19 years$3,514$2,875$2,336$1,886$1,515$1,058
20 years$3,304$2,671$2,144$1,708$1,353$923
21 years$3,113$2,488$1,972$1,550$1,211$807
22 years$2,940$2,323$1,817$1,410$1,086$706
23 years$2,783$2,172$1,678$1,284$974$619
24 years$2,638$2,035$1,552$1,171$876$543
25 years$2,506$1,910$1,437$1,069$788$476
26 years$2,384$1,795$1,333$978$710$419
27 years$2,271$1,690$1,238$895$640$368
28 years$2,166$1,592$1,151$820$578$324
29 years$2,069$1,502$1,071$752$521$285
30 years$1,979$1,418$997$690$471$251
31 years$1,894$1,341$930$634$426$221
32 years$1,815$1,269$868$582$385$195
33 years$1,741$1,202$810$536$349$172
34 years$1,671$1,139$757$493$316$151
35 years$1,606$1,080$708$454$286$133
36 years$1,544$1,025$662$418$259$118
37 years$1,485$974$620$385$235$104
38 years$1,430$925$580$355$213$92
39 years$1,378$880$544$327$193$81
40 years$1,329$837$510$302$175$71
41 years$1,282$797$478$278$159$63
42 years$1,237$759$448$257$144$56
43 years$1,195$723$421$237$131$49
44 years$1,155$689$395$219$119$43
45 years$1,116$657$371$202$108$38
46 years$1,080$627$348$187$98$34
47 years$1,045$598$327$173$89$30
48 years$1,012$571$307$159$81$26
49 years$980$545$289$147$73$23
50 years$949$521$272$136$67$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $972,000, adding $6,945 every year, while hoping to spend $43,513 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: 50/45/5 Blend
64$972,000$972,000$972,000$972,000
65$1,078,308$1,026,792$1,011,726$1,130,590
66$1,141,998$1,030,807$999,321$1,170,933
67$1,210,726$1,033,561$985,042$1,209,473
68$1,284,959$1,034,945$968,781$1,250,301
69$1,365,213$1,034,845$950,424$1,293,641
70$1,452,053$1,033,140$929,850$1,339,742
71$1,546,099$1,029,701$906,937$1,388,877
72$1,648,034$1,024,390$881,553$1,441,351
73$1,758,611$1,017,062$853,562$1,497,505
74$1,878,654$1,007,563$822,821$1,557,711
75$2,009,073$995,729$789,181$1,622,387
76$2,150,866$981,388$752,487$1,691,994
77$2,305,133$964,355$712,575$1,767,041
78$2,473,085$944,437$669,274$1,848,095
79$2,656,052$921,426$622,407$1,935,784
80$2,855,499$895,106$571,787$2,030,802
81$3,073,038$865,244$517,220$2,133,918
82$3,310,444$831,597$458,502$2,245,985
83$3,569,669$793,906$395,423$2,367,946
84$3,852,865$751,897$327,759$2,500,845
85$4,162,399$705,281$255,280$2,645,838
86$4,500,875$653,752$177,744$2,804,204
87$4,871,165$596,986$94,899$2,977,359
88$5,276,427$534,641$6,481$3,166,868
89$5,720,140$466,356$0$3,374,465
90$6,206,136$391,750$0$3,606,753
91$6,738,634$310,417$0$3,861,837
92$7,322,280$221,933$0$4,141,730
93$7,962,191$125,846$0$4,449,038
94$8,664,004$21,682$0$4,786,644
95$9,433,926$0$0$5,157,731
96$10,278,796$0$0$5,610,908
97$11,206,144$0$0$6,120,217
98$12,224,268$0$0$6,679,490
99$13,342,306$0$0$7,293,762
100$14,570,325$0$0$7,968,579