Can I retire at age 65 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$80,349$79,634$78,935$78,254$77,588$76,460
2 years$39,777$39,036$38,318$37,622$36,947$35,813
3 years$26,255$25,511$24,794$24,105$23,441$22,336
4 years$19,495$18,753$18,044$17,366$16,718$15,651
5 years$15,440$14,703$14,003$13,339$12,709$11,682
6 years$12,737$12,006$11,316$10,667$10,056$9,072
7 years$10,808$10,082$9,404$8,770$8,178$7,236
8 years$9,361$8,642$7,975$7,357$6,785$5,885
9 years$8,237$7,525$6,869$6,267$5,714$4,856
10 years$7,338$6,633$5,989$5,402$4,868$4,051
11 years$6,603$5,905$5,272$4,701$4,187$3,410
12 years$5,991$5,300$4,679$4,124$3,628$2,891
13 years$5,473$4,789$4,180$3,641$3,164$2,465
14 years$5,030$4,353$3,756$3,232$2,773$2,112
15 years$4,646$3,977$3,391$2,882$2,442$1,816
16 years$4,311$3,649$3,075$2,581$2,158$1,568
17 years$4,015$3,360$2,798$2,319$1,914$1,357
18 years$3,752$3,105$2,554$2,090$1,702$1,177
19 years$3,518$2,878$2,338$1,888$1,517$1,023
20 years$3,307$2,674$2,146$1,710$1,355$891
21 years$3,116$2,491$1,974$1,552$1,212$777
22 years$2,943$2,325$1,819$1,411$1,087$678
23 years$2,786$2,175$1,680$1,285$975$593
24 years$2,641$2,038$1,553$1,172$877$519
25 years$2,509$1,912$1,439$1,070$789$455
26 years$2,386$1,797$1,334$979$711$398
27 years$2,273$1,691$1,239$896$641$349
28 years$2,169$1,594$1,152$821$578$307
29 years$2,071$1,503$1,072$753$522$269
30 years$1,981$1,420$998$691$472$236
31 years$1,896$1,342$931$634$426$208
32 years$1,817$1,270$868$583$386$183
33 years$1,743$1,203$811$536$349$161
34 years$1,673$1,140$758$493$316$141
35 years$1,607$1,081$708$454$286$124
36 years$1,545$1,026$663$418$259$109
37 years$1,487$975$620$385$235$96
38 years$1,432$926$581$355$213$85
39 years$1,380$881$544$328$193$74
40 years$1,330$838$510$302$175$66
41 years$1,283$798$478$279$159$58
42 years$1,239$760$449$257$144$51
43 years$1,196$724$421$237$131$45
44 years$1,156$690$395$219$119$39
45 years$1,118$658$371$202$108$35
46 years$1,081$628$348$187$98$31
47 years$1,046$599$327$173$89$27
48 years$1,013$572$308$160$81$24
49 years$981$546$289$148$73$21
50 years$950$522$272$136$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $973,000, adding $3,030 every year, while hoping to spend $48,058 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: 29/42/29 Blend
64$973,000$973,000$973,000$973,000
65$1,075,371$1,023,802$1,008,721$1,096,876
66$1,133,926$1,022,835$991,380$1,113,214
67$1,196,842$1,020,210$971,847$1,126,406
68$1,264,515$1,015,795$949,998$1,139,639
69$1,337,376$1,009,450$925,704$1,152,950
70$1,415,901$1,001,026$898,828$1,166,384
71$1,500,613$990,366$869,228$1,179,997
72$1,592,084$977,302$836,756$1,193,854
73$1,690,945$961,659$801,256$1,208,032
74$1,797,889$943,247$762,565$1,222,621
75$1,913,677$921,869$720,514$1,237,726
76$2,039,146$897,315$674,925$1,253,469
77$2,175,216$869,360$625,613$1,269,990
78$2,322,899$837,771$572,383$1,287,451
79$2,483,310$802,297$515,032$1,306,037
80$2,657,672$762,673$453,350$1,325,960
81$2,847,332$718,622$387,115$1,347,460
82$3,053,773$669,848$316,097$1,370,814
83$3,278,626$616,038$240,053$1,396,332
84$3,523,684$556,862$158,734$1,424,367
85$3,790,923$491,972$71,875$1,455,317
86$4,082,518$420,999$0$1,489,634
87$4,400,860$343,553$0$1,534,267
88$4,748,583$259,223$0$1,607,497
89$5,128,587$167,573$0$1,687,796
90$5,544,065$68,147$0$1,775,980
91$5,998,531$0$0$1,872,960
92$6,495,855$0$0$1,998,020
93$7,040,299$0$0$2,169,558
94$7,636,555$0$0$2,357,578
95$8,289,790$0$0$2,563,727
96$9,005,696$0$0$2,789,822
97$9,790,541$0$0$3,037,864
98$10,651,226$0$0$3,310,055
99$11,595,357$0$0$3,608,824
100$12,631,306$0$0$3,936,843