Can I retire at age 65 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$80,515$79,797$79,098$78,415$77,748$76,523
2 years$39,859$39,116$38,397$37,699$37,023$35,792
3 years$26,309$25,563$24,845$24,154$23,489$22,290
4 years$19,535$18,791$18,081$17,402$16,752$15,595
5 years$15,472$14,733$14,032$13,366$12,735$11,623
6 years$12,764$12,030$11,340$10,689$10,077$9,011
7 years$10,830$10,103$9,423$8,788$8,195$7,175
8 years$9,381$8,660$7,992$7,372$6,799$5,825
9 years$8,254$7,540$6,883$6,279$5,725$4,798
10 years$7,353$6,646$6,001$5,413$4,878$3,996
11 years$6,617$5,917$5,283$4,711$4,196$3,357
12 years$6,003$5,311$4,689$4,132$3,636$2,841
13 years$5,485$4,799$4,189$3,648$3,170$2,417
14 years$5,040$4,362$3,764$3,238$2,779$2,067
15 years$4,656$3,985$3,398$2,888$2,447$1,774
16 years$4,320$3,656$3,081$2,586$2,163$1,528
17 years$4,023$3,367$2,804$2,323$1,918$1,319
18 years$3,760$3,112$2,559$2,094$1,705$1,142
19 years$3,525$2,884$2,343$1,892$1,520$991
20 years$3,314$2,680$2,150$1,714$1,357$861
21 years$3,123$2,496$1,978$1,555$1,215$749
22 years$2,949$2,330$1,823$1,414$1,089$652
23 years$2,791$2,179$1,683$1,288$977$569
24 years$2,647$2,042$1,557$1,174$879$497
25 years$2,514$1,916$1,442$1,073$791$434
26 years$2,391$1,801$1,337$981$712$380
27 years$2,278$1,695$1,242$898$642$332
28 years$2,173$1,597$1,154$822$579$291
29 years$2,076$1,507$1,074$754$523$255
30 years$1,985$1,423$1,000$692$473$223
31 years$1,900$1,345$933$636$427$196
32 years$1,820$1,273$870$584$387$171
33 years$1,746$1,205$813$537$350$150
34 years$1,676$1,142$759$494$317$132
35 years$1,610$1,083$710$455$287$116
36 years$1,549$1,028$664$419$260$102
37 years$1,490$977$622$386$236$89
38 years$1,435$928$582$356$214$78
39 years$1,383$883$545$328$194$69
40 years$1,333$840$511$303$176$60
41 years$1,286$799$479$279$159$53
42 years$1,241$761$450$258$145$47
43 years$1,199$725$422$238$131$41
44 years$1,158$691$396$220$119$36
45 years$1,120$659$372$203$108$32
46 years$1,083$629$349$187$98$28
47 years$1,048$600$328$173$89$24
48 years$1,015$573$308$160$81$21
49 years$983$547$290$148$74$19
50 years$952$523$272$137$67$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $975,000, adding $4,188 every year, while hoping to spend $51,703 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: 52/40/8 Blend
64$975,000$975,000$975,000$975,000
65$1,078,770$1,027,095$1,011,982$1,132,493
66$1,133,793$1,022,411$990,872$1,164,781
67$1,192,695$1,015,765$967,322$1,193,929
68$1,255,818$1,007,005$941,195$1,224,400
69$1,323,536$995,973$912,350$1,256,330
70$1,396,259$982,498$880,636$1,289,870
71$1,474,438$966,401$845,898$1,325,192
72$1,558,568$947,492$807,973$1,362,484
73$1,649,192$925,569$766,690$1,401,960
74$1,746,907$900,419$721,871$1,443,858
75$1,852,368$871,816$673,330$1,488,443
76$1,966,294$839,520$620,872$1,536,012
77$2,089,479$803,279$564,293$1,586,894
78$2,222,790$762,824$503,382$1,641,460
79$2,367,186$717,873$437,916$1,700,120
80$2,523,716$668,126$367,663$1,763,331
81$2,693,537$613,267$292,382$1,831,603
82$2,877,921$552,960$211,820$1,905,505
83$3,078,266$486,852$125,713$1,985,666
84$3,296,110$414,568$33,785$2,072,790
85$3,533,145$335,715$0$2,167,656
86$3,791,235$249,873$0$2,276,623
87$4,072,427$156,603$0$2,398,598
88$4,378,978$55,440$0$2,531,791
89$4,713,368$0$0$2,677,418
90$5,078,329$0$0$2,860,643
91$5,476,869$0$0$3,087,465
92$5,912,298$0$0$3,335,376
93$6,388,258$0$0$3,606,464
94$6,908,764$0$0$3,903,025
95$7,478,231$0$0$4,227,589
96$8,101,525$0$0$4,582,943
97$8,784,000$0$0$4,972,152
98$9,531,556$0$0$5,398,597
99$10,350,687$0$0$5,865,996
100$11,248,548$0$0$6,378,447