Can I retire at age 65 with 981,000?

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 $981,000?

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$81,010$80,288$79,584$78,897$78,226$77,057
2 years$40,104$39,357$38,633$37,931$37,251$36,076
3 years$26,470$25,720$24,998$24,303$23,633$22,489
4 years$19,655$18,907$18,192$17,509$16,855$15,750
5 years$15,567$14,823$14,118$13,449$12,813$11,750
6 years$12,842$12,104$11,409$10,755$10,139$9,119
7 years$10,897$10,165$9,481$8,842$8,245$7,270
8 years$9,438$8,714$8,041$7,418$6,840$5,909
9 years$8,305$7,587$6,926$6,318$5,761$4,873
10 years$7,398$6,687$6,038$5,446$4,908$4,063
11 years$6,657$5,953$5,316$4,740$4,221$3,418
12 years$6,040$5,343$4,718$4,157$3,658$2,896
13 years$5,518$4,829$4,215$3,670$3,190$2,468
14 years$5,071$4,389$3,787$3,258$2,796$2,113
15 years$4,684$4,010$3,419$2,906$2,462$1,816
16 years$4,346$3,679$3,100$2,602$2,176$1,566
17 years$4,048$3,388$2,821$2,338$1,929$1,354
18 years$3,783$3,131$2,575$2,107$1,716$1,174
19 years$3,547$2,902$2,357$1,904$1,529$1,020
20 years$3,334$2,696$2,163$1,724$1,366$887
21 years$3,142$2,511$1,990$1,565$1,222$773
22 years$2,968$2,344$1,834$1,423$1,096$675
23 years$2,808$2,193$1,693$1,296$983$589
24 years$2,663$2,054$1,566$1,182$884$515
25 years$2,529$1,928$1,451$1,079$795$451
26 years$2,406$1,812$1,345$987$716$395
27 years$2,292$1,705$1,249$903$646$346
28 years$2,186$1,607$1,161$828$583$303
29 years$2,088$1,516$1,081$759$526$266
30 years$1,997$1,432$1,007$696$476$234
31 years$1,912$1,353$938$640$430$205
32 years$1,832$1,280$876$588$389$180
33 years$1,757$1,213$818$541$352$158
34 years$1,687$1,149$764$497$319$139
35 years$1,620$1,090$714$458$289$122
36 years$1,558$1,035$668$422$262$107
37 years$1,499$983$625$389$237$94
38 years$1,444$934$586$358$215$83
39 years$1,391$888$549$330$195$73
40 years$1,341$845$514$305$177$64
41 years$1,294$804$482$281$160$57
42 years$1,249$766$452$259$146$50
43 years$1,206$730$424$239$132$44
44 years$1,166$696$398$221$120$38
45 years$1,127$663$374$204$109$34
46 years$1,090$633$351$189$99$30
47 years$1,055$604$330$174$90$26
48 years$1,021$577$310$161$81$23
49 years$989$551$292$149$74$20
50 years$958$526$274$138$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $981,000, adding $3,621 every year, while hoping to spend $50,207 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: 48/43/9 Blend
64$981,000$981,000$981,000$981,000
65$1,084,797$1,032,804$1,017,599$1,134,060
66$1,142,027$1,029,992$998,268$1,165,441
67$1,203,411$1,025,359$976,608$1,193,929
68$1,269,320$1,018,763$952,486$1,223,700
69$1,340,162$1,010,054$925,765$1,254,890
70$1,416,383$999,071$896,303$1,287,648
71$1,498,474$985,645$863,948$1,322,144
72$1,586,973$969,596$828,545$1,358,568
73$1,682,471$950,733$789,929$1,397,131
74$1,785,620$928,856$747,929$1,438,070
75$1,897,134$903,751$702,365$1,481,652
76$2,017,797$875,190$653,050$1,528,170
77$2,148,474$842,936$599,788$1,577,958
78$2,290,113$806,734$542,375$1,631,382
79$2,443,757$766,317$480,598$1,688,855
80$2,610,555$721,401$414,232$1,750,835
81$2,791,768$671,686$343,046$1,817,833
82$2,988,786$616,856$266,795$1,890,419
83$3,203,136$556,576$185,227$1,969,225
84$3,436,498$490,491$98,074$2,054,957
85$3,690,723$418,226$5,061$2,148,399
86$3,967,845$339,388$0$2,250,422
87$4,270,104$253,557$0$2,371,040
88$4,599,967$160,294$0$2,503,392
89$4,960,146$59,131$0$2,648,214
90$5,353,630$0$0$2,806,866
91$5,783,707$0$0$3,004,712
92$6,253,998$0$0$3,251,756
93$6,768,489$0$0$3,522,126
94$7,331,571$0$0$3,818,143
95$7,948,078$0$0$4,142,361
96$8,623,331$0$0$4,497,595
97$9,363,194$0$0$4,886,943
98$10,174,122$0$0$5,313,818
99$11,063,225$0$0$5,781,980
100$12,038,334$0$0$6,295,567