Can I retire at age 65 with 972,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$80,267$79,552$78,854$78,173$77,509$75,820
2 years$39,736$38,996$38,279$37,583$36,909$35,216
3 years$26,228$25,484$24,769$24,080$23,417$21,772
4 years$19,475$18,734$18,025$17,348$16,701$15,118
5 years$15,424$14,687$13,988$13,325$12,696$11,179
6 years$12,724$11,993$11,305$10,656$10,046$8,596
7 years$10,797$10,072$9,394$8,761$8,170$6,788
8 years$9,352$8,634$7,967$7,349$6,778$5,463
9 years$8,229$7,517$6,862$6,260$5,708$4,459
10 years$7,330$6,626$5,983$5,396$4,863$3,680
11 years$6,596$5,899$5,267$4,696$4,183$3,063
12 years$5,985$5,294$4,674$4,119$3,625$2,566
13 years$5,468$4,785$4,176$3,637$3,161$2,162
14 years$5,025$4,349$3,752$3,228$2,771$1,830
15 years$4,641$3,973$3,388$2,879$2,439$1,555
16 years$4,306$3,645$3,072$2,578$2,156$1,325
17 years$4,011$3,357$2,795$2,316$1,912$1,132
18 years$3,749$3,102$2,551$2,087$1,700$969
19 years$3,514$2,875$2,336$1,886$1,515$831
20 years$3,304$2,671$2,144$1,708$1,353$714
21 years$3,113$2,488$1,972$1,550$1,211$614
22 years$2,940$2,323$1,817$1,410$1,086$529
23 years$2,783$2,172$1,678$1,284$974$456
24 years$2,638$2,035$1,552$1,171$876$394
25 years$2,506$1,910$1,437$1,069$788$340
26 years$2,384$1,795$1,333$978$710$294
27 years$2,271$1,690$1,238$895$640$254
28 years$2,166$1,592$1,151$820$578$219
29 years$2,069$1,502$1,071$752$521$190
30 years$1,979$1,418$997$690$471$164
31 years$1,894$1,341$930$634$426$142
32 years$1,815$1,269$868$582$385$123
33 years$1,741$1,202$810$536$349$107
34 years$1,671$1,139$757$493$316$92
35 years$1,606$1,080$708$454$286$80
36 years$1,544$1,025$662$418$259$69
37 years$1,485$974$620$385$235$60
38 years$1,430$925$580$355$213$52
39 years$1,378$880$544$327$193$45
40 years$1,329$837$510$302$175$39
41 years$1,282$797$478$278$159$34
42 years$1,237$759$448$257$144$29
43 years$1,195$723$421$237$131$26
44 years$1,155$689$395$219$119$22
45 years$1,116$657$371$202$108$19
46 years$1,080$627$348$187$98$17
47 years$1,045$598$327$173$89$14
48 years$1,012$571$307$159$81$13
49 years$980$545$289$147$73$11
50 years$949$521$272$136$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $972,000, adding $4,987 every year, while hoping to spend $45,771 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: 63/29/8 Blend
64$972,000$972,000$972,000$972,000
65$1,076,288$1,024,772$1,009,706$1,142,035
66$1,137,369$1,026,286$994,831$1,188,041
67$1,203,147$1,026,340$977,924$1,232,451
68$1,274,052$1,024,814$958,868$1,279,766
69$1,350,556$1,021,581$937,542$1,330,266
70$1,433,181$1,016,507$913,817$1,384,260
71$1,522,496$1,009,447$887,561$1,442,091
72$1,619,131$1,000,249$858,634$1,504,136
73$1,723,774$988,753$826,890$1,570,813
74$1,837,185$974,788$792,177$1,642,586
75$1,960,198$958,173$754,335$1,719,965
76$2,093,730$938,715$713,197$1,803,515
77$2,238,790$916,212$668,589$1,893,861
78$2,396,489$890,449$620,329$1,991,692
79$2,568,047$861,197$568,226$2,097,773
80$2,754,809$828,216$512,083$2,212,945
81$2,958,252$791,252$451,690$2,338,141
82$3,180,003$750,033$386,831$2,474,391
83$3,421,854$704,275$317,280$2,622,832
84$3,685,774$653,675$242,800$2,784,721
85$3,973,933$597,915$163,144$2,961,448
86$4,288,719$536,658$78,054$3,154,545
87$4,632,761$469,547$0$3,365,708
88$5,008,952$396,204$0$3,597,897
89$5,420,480$316,233$0$3,859,272
90$5,870,854$229,213$0$4,145,471
91$6,363,936$134,699$0$4,459,041
92$6,903,981$32,224$0$4,802,794
93$7,495,676$0$0$5,179,831
94$8,144,179$0$0$5,618,694
95$8,855,173$0$0$6,111,192
96$9,634,918$0$0$6,651,385
97$10,490,307$0$0$7,244,058
98$11,428,934$0$0$7,894,482
99$12,459,162$0$0$8,608,463
100$13,590,205$0$0$9,392,396