Can I retire at age 65 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$80,597$79,879$79,179$78,495$77,828$77,208
2 years$39,900$39,156$38,436$37,738$37,061$36,436
3 years$26,336$25,589$24,871$24,179$23,513$22,902
4 years$19,555$18,811$18,100$17,420$16,770$16,178
5 years$15,487$14,748$14,046$13,380$12,748$12,177
6 years$12,777$12,043$11,351$10,700$10,087$9,538
7 years$10,841$10,113$9,433$8,797$8,203$7,676
8 years$9,390$8,669$8,000$7,380$6,806$6,300
9 years$8,262$7,548$6,890$6,286$5,731$5,248
10 years$7,361$6,653$6,007$5,418$4,883$4,421
11 years$6,623$5,923$5,289$4,716$4,200$3,758
12 years$6,009$5,316$4,693$4,136$3,639$3,219
13 years$5,490$4,804$4,193$3,652$3,174$2,773
14 years$5,046$4,367$3,768$3,242$2,782$2,401
15 years$4,661$3,989$3,402$2,891$2,450$2,088
16 years$4,324$3,660$3,084$2,589$2,165$1,822
17 years$4,027$3,371$2,806$2,326$1,920$1,594
18 years$3,764$3,115$2,562$2,096$1,707$1,399
19 years$3,529$2,887$2,345$1,894$1,521$1,230
20 years$3,317$2,682$2,152$1,715$1,359$1,084
21 years$3,126$2,499$1,980$1,557$1,216$957
22 years$2,952$2,332$1,825$1,415$1,090$846
23 years$2,794$2,181$1,685$1,289$978$748
24 years$2,649$2,044$1,558$1,176$879$663
25 years$2,516$1,918$1,443$1,074$791$588
26 years$2,394$1,803$1,338$982$713$522
27 years$2,280$1,697$1,243$899$643$464
28 years$2,175$1,599$1,155$823$580$412
29 years$2,078$1,508$1,075$755$524$367
30 years$1,987$1,424$1,002$693$473$326
31 years$1,902$1,346$934$636$428$290
32 years$1,822$1,274$871$585$387$259
33 years$1,748$1,206$813$538$350$230
34 years$1,678$1,143$760$495$317$205
35 years$1,612$1,085$711$456$287$183
36 years$1,550$1,029$665$420$260$163
37 years$1,492$978$622$387$236$146
38 years$1,436$929$583$356$214$130
39 years$1,384$884$546$329$194$116
40 years$1,334$841$512$303$176$103
41 years$1,287$800$480$280$160$92
42 years$1,243$762$450$258$145$82
43 years$1,200$726$422$238$131$74
44 years$1,160$692$396$220$119$66
45 years$1,121$660$372$203$108$59
46 years$1,084$630$350$188$98$52
47 years$1,049$601$328$173$89$47
48 years$1,016$574$309$160$81$42
49 years$984$548$290$148$74$37
50 years$953$523$273$137$67$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $976,000, adding $4,968 every year, while hoping to spend $26,415 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: 60/11/29 Blend
64$976,000$976,000$976,000$976,000
65$1,080,676$1,028,948$1,013,820$1,136,740
66$1,162,800$1,051,262$1,019,678$1,197,906
67$1,252,415$1,073,783$1,024,847$1,261,375
68$1,350,258$1,096,494$1,029,275$1,330,086
69$1,457,138$1,119,377$1,032,910$1,404,557
70$1,573,949$1,142,409$1,035,695$1,485,358
71$1,701,672$1,165,567$1,037,571$1,573,120
72$1,841,388$1,188,826$1,038,476$1,668,535
73$1,994,290$1,212,159$1,038,345$1,772,368
74$2,161,688$1,235,534$1,037,110$1,885,462
75$2,345,025$1,258,921$1,034,698$2,008,747
76$2,545,893$1,282,283$1,031,036$2,143,248
77$2,766,042$1,305,583$1,026,043$2,290,095
78$3,007,401$1,328,779$1,019,638$2,450,534
79$3,272,094$1,351,827$1,011,734$2,625,937
80$3,562,460$1,374,680$1,002,241$2,817,820
81$3,881,078$1,397,286$991,062$3,027,853
82$4,230,784$1,419,589$978,099$3,257,875
83$4,614,707$1,441,532$963,248$3,509,916
84$5,036,290$1,463,050$946,400$3,786,214
85$5,499,327$1,484,074$927,439$4,089,236
86$6,007,998$1,504,534$906,248$4,421,700
87$6,566,907$1,524,349$882,701$4,786,605
88$7,181,126$1,543,437$856,666$5,187,257
89$7,856,245$1,561,709$828,008$5,627,298
90$8,598,419$1,579,070$796,584$6,110,746
91$9,414,431$1,595,418$762,242$6,642,029
92$10,311,754$1,610,644$724,829$7,226,029
93$11,298,621$1,624,634$684,178$7,868,128
94$12,384,103$1,637,264$640,121$8,574,257
95$13,578,194$1,648,402$592,478$9,350,957
96$14,891,906$1,657,911$541,063$10,205,437
97$16,337,373$1,665,640$485,680$11,145,644
98$17,927,961$1,671,433$426,127$12,180,337
99$19,678,401$1,675,121$362,190$13,319,173
100$21,604,922$1,676,526$293,648$14,572,796