Can I retire at age 65 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$80,680$79,961$79,260$78,576$77,907$76,807
2 years$39,940$39,197$38,476$37,777$37,099$35,992
3 years$26,362$25,615$24,896$24,204$23,537$22,458
4 years$19,575$18,830$18,118$17,438$16,787$15,745
5 years$15,503$14,763$14,060$13,394$12,761$11,759
6 years$12,790$12,055$11,363$10,711$10,097$9,136
7 years$10,852$10,124$9,443$8,806$8,212$7,291
8 years$9,400$8,678$8,008$7,387$6,813$5,933
9 years$8,271$7,556$6,897$6,292$5,737$4,898
10 years$7,368$6,660$6,013$5,424$4,888$4,090
11 years$6,630$5,929$5,294$4,721$4,204$3,445
12 years$6,015$5,322$4,698$4,141$3,643$2,922
13 years$5,496$4,809$4,198$3,655$3,177$2,493
14 years$5,051$4,371$3,772$3,245$2,785$2,137
15 years$4,665$3,993$3,405$2,894$2,452$1,840
16 years$4,328$3,664$3,087$2,591$2,167$1,589
17 years$4,032$3,374$2,809$2,328$1,922$1,376
18 years$3,768$3,118$2,565$2,098$1,709$1,194
19 years$3,532$2,890$2,348$1,896$1,523$1,039
20 years$3,321$2,685$2,155$1,717$1,360$905
21 years$3,129$2,501$1,982$1,558$1,217$790
22 years$2,955$2,335$1,827$1,417$1,091$691
23 years$2,797$2,184$1,687$1,290$979$604
24 years$2,652$2,046$1,560$1,177$880$529
25 years$2,519$1,920$1,445$1,075$792$464
26 years$2,396$1,805$1,340$983$714$407
27 years$2,283$1,698$1,244$900$643$357
28 years$2,178$1,600$1,157$824$580$314
29 years$2,080$1,510$1,076$756$524$276
30 years$1,989$1,426$1,003$694$474$242
31 years$1,904$1,348$935$637$428$213
32 years$1,824$1,275$872$585$387$187
33 years$1,750$1,208$814$538$351$165
34 years$1,680$1,145$761$495$317$145
35 years$1,614$1,086$711$456$287$128
36 years$1,552$1,030$665$420$260$113
37 years$1,493$979$623$387$236$99
38 years$1,438$930$583$357$214$87
39 years$1,385$884$546$329$194$77
40 years$1,336$841$512$303$176$68
41 years$1,289$801$480$280$160$60
42 years$1,244$763$450$258$145$53
43 years$1,201$727$423$238$132$46
44 years$1,161$693$397$220$119$41
45 years$1,122$661$373$203$108$36
46 years$1,085$630$350$188$98$32
47 years$1,050$601$329$173$89$28
48 years$1,017$574$309$160$81$25
49 years$985$548$290$148$74$22
50 years$954$524$273$137$67$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $977,000, adding $5,603 every year, while hoping to spend $49,564 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: 53/26/21 Blend
64$977,000$977,000$977,000$977,000
65$1,082,433$1,030,652$1,015,509$1,133,281
66$1,140,106$1,028,419$996,793$1,166,614
67$1,202,000$1,024,414$975,789$1,197,236
68$1,268,494$1,018,500$952,367$1,229,502
69$1,340,002$1,010,529$926,393$1,263,586
70$1,416,981$1,000,344$897,727$1,299,682
71$1,499,932$987,779$866,219$1,338,004
72$1,589,403$972,659$831,716$1,378,791
73$1,686,000$954,797$794,056$1,422,312
74$1,790,386$933,996$753,070$1,468,864
75$1,903,290$910,046$708,583$1,518,776
76$2,025,514$882,727$660,409$1,572,418
77$2,157,940$851,804$608,357$1,630,199
78$2,301,537$817,029$552,223$1,692,573
79$2,457,370$778,141$491,800$1,760,047
80$2,626,613$734,860$426,866$1,833,181
81$2,810,554$686,895$357,192$1,912,599
82$3,010,611$633,934$282,539$1,998,993
83$3,228,346$575,649$202,657$2,093,131
84$3,465,476$511,694$117,284$2,195,865
85$3,723,889$441,702$26,148$2,308,139
86$4,005,667$365,286$0$2,431,001
87$4,313,096$282,037$0$2,581,545
88$4,648,698$191,522$0$2,752,413
89$5,015,244$93,286$0$2,939,235
90$5,415,788$0$0$3,143,660
91$5,853,690$0$0$3,371,278
92$6,332,651$0$0$3,649,520
93$6,856,746$0$0$3,954,075
94$7,430,461$0$0$4,287,562
95$8,058,736$0$0$4,652,866
96$8,747,012$0$0$5,053,162
97$9,501,279$0$0$5,491,948
98$10,328,137$0$0$5,973,075
99$11,234,854$0$0$6,500,788
100$12,229,432$0$0$7,079,758