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%13.6%
1 years$80,349$79,634$78,935$78,254$77,588$76,429
2 years$39,777$39,036$38,318$37,622$36,947$35,781
3 years$26,255$25,511$24,794$24,105$23,441$22,305
4 years$19,495$18,753$18,044$17,366$16,718$15,622
5 years$15,440$14,703$14,003$13,339$12,709$11,655
6 years$12,737$12,006$11,316$10,667$10,056$9,045
7 years$10,808$10,082$9,404$8,770$8,178$7,211
8 years$9,361$8,642$7,975$7,357$6,785$5,861
9 years$8,237$7,525$6,869$6,267$5,714$4,833
10 years$7,338$6,633$5,989$5,402$4,868$4,030
11 years$6,603$5,905$5,272$4,701$4,187$3,390
12 years$5,991$5,300$4,679$4,124$3,628$2,872
13 years$5,473$4,789$4,180$3,641$3,164$2,447
14 years$5,030$4,353$3,756$3,232$2,773$2,095
15 years$4,646$3,977$3,391$2,882$2,442$1,801
16 years$4,311$3,649$3,075$2,581$2,158$1,553
17 years$4,015$3,360$2,798$2,319$1,914$1,343
18 years$3,752$3,105$2,554$2,090$1,702$1,164
19 years$3,518$2,878$2,338$1,888$1,517$1,011
20 years$3,307$2,674$2,146$1,710$1,355$880
21 years$3,116$2,491$1,974$1,552$1,212$767
22 years$2,943$2,325$1,819$1,411$1,087$669
23 years$2,786$2,175$1,680$1,285$975$585
24 years$2,641$2,038$1,553$1,172$877$511
25 years$2,509$1,912$1,439$1,070$789$447
26 years$2,386$1,797$1,334$979$711$392
27 years$2,273$1,691$1,239$896$641$343
28 years$2,169$1,594$1,152$821$578$301
29 years$2,071$1,503$1,072$753$522$264
30 years$1,981$1,420$998$691$472$232
31 years$1,896$1,342$931$634$426$203
32 years$1,817$1,270$868$583$386$179
33 years$1,743$1,203$811$536$349$157
34 years$1,673$1,140$758$493$316$138
35 years$1,607$1,081$708$454$286$121
36 years$1,545$1,026$663$418$259$107
37 years$1,487$975$620$385$235$94
38 years$1,432$926$581$355$213$82
39 years$1,380$881$544$328$193$72
40 years$1,330$838$510$302$175$64
41 years$1,283$798$478$279$159$56
42 years$1,239$760$449$257$144$49
43 years$1,196$724$421$237$131$43
44 years$1,156$690$395$219$119$38
45 years$1,118$658$371$202$108$34
46 years$1,081$628$348$187$98$30
47 years$1,046$599$327$173$89$26
48 years$1,013$572$308$160$81$23
49 years$981$546$289$148$73$20
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 $5,672 every year, while hoping to spend $24,796 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: 58/33/9 Blend
64$973,000$973,000$973,000$973,000
65$1,078,097$1,026,528$1,011,446$1,138,051
66$1,161,680$1,050,445$1,018,947$1,202,976
67$1,252,957$1,074,703$1,025,868$1,270,423
68$1,352,688$1,099,292$1,032,163$1,343,332
69$1,461,707$1,124,202$1,037,785$1,422,228
70$1,580,934$1,149,421$1,042,684$1,507,690
71$1,711,381$1,174,934$1,046,806$1,600,355
72$1,854,163$1,200,727$1,050,095$1,700,927
73$2,010,508$1,226,783$1,052,493$1,810,177
74$2,181,767$1,253,083$1,053,940$1,928,959
75$2,369,430$1,279,607$1,054,369$2,058,211
76$2,575,136$1,306,332$1,053,715$2,198,967
77$2,800,691$1,333,233$1,051,905$2,352,365
78$3,048,083$1,360,283$1,048,866$2,519,661
79$3,319,503$1,387,453$1,044,519$2,702,238
80$3,617,365$1,414,711$1,038,783$2,901,619
81$3,944,326$1,442,021$1,031,571$3,119,483
82$4,303,313$1,469,346$1,022,795$3,357,679
83$4,697,552$1,496,645$1,012,360$3,618,248
84$5,130,596$1,523,874$1,000,167$3,903,434
85$5,606,357$1,550,984$986,113$4,215,713
86$6,129,148$1,577,925$970,090$4,557,813
87$6,703,718$1,604,641$951,986$4,932,741
88$7,335,301$1,631,071$931,681$5,343,809
89$8,029,661$1,657,153$909,051$5,794,668
90$8,793,149$1,682,817$883,967$6,289,343
91$9,632,764$1,707,988$856,294$6,832,268
92$10,556,215$1,732,589$825,889$7,428,330
93$11,571,997$1,756,534$792,604$8,082,916
94$12,689,469$1,779,732$756,284$8,801,962
95$13,918,942$1,802,086$716,767$9,592,010
96$15,271,778$1,823,492$673,883$10,460,270
97$16,760,497$1,843,841$627,455$11,414,690
98$18,398,891$1,863,013$577,299$12,464,028
99$20,202,160$1,880,882$523,220$13,617,937
100$22,187,049$1,897,314$465,017$14,887,054