Can I retire at age 65 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,423$80,698$79,990$79,299$78,625$78,294
2 years$40,308$39,558$38,830$38,125$37,440$37,106
3 years$26,605$25,851$25,126$24,427$23,754$23,427
4 years$19,755$19,004$18,285$17,598$16,941$16,624
5 years$15,646$14,899$14,190$13,517$12,879$12,572
6 years$12,908$12,166$11,468$10,810$10,190$9,894
7 years$10,952$10,217$9,530$8,887$8,288$8,003
8 years$9,487$8,758$8,082$7,455$6,875$6,602
9 years$8,347$7,625$6,961$6,350$5,790$5,528
10 years$7,436$6,721$6,069$5,474$4,933$4,682
11 years$6,691$5,984$5,343$4,764$4,243$4,002
12 years$6,071$5,371$4,742$4,179$3,677$3,447
13 years$5,546$4,853$4,236$3,689$3,206$2,987
14 years$5,097$4,412$3,806$3,275$2,811$2,602
15 years$4,708$4,030$3,437$2,921$2,475$2,276
16 years$4,368$3,698$3,116$2,615$2,187$1,998
17 years$4,069$3,405$2,835$2,350$1,939$1,759
18 years$3,803$3,147$2,588$2,117$1,724$1,554
19 years$3,565$2,916$2,369$1,913$1,537$1,375
20 years$3,351$2,710$2,174$1,733$1,373$1,219
21 years$3,158$2,524$2,000$1,573$1,228$1,083
22 years$2,983$2,356$1,843$1,430$1,101$964
23 years$2,823$2,204$1,702$1,302$988$859
24 years$2,676$2,065$1,574$1,188$888$766
25 years$2,542$1,938$1,458$1,085$799$684
26 years$2,418$1,821$1,352$992$720$612
27 years$2,304$1,714$1,256$908$649$547
28 years$2,198$1,615$1,167$832$586$490
29 years$2,099$1,524$1,086$763$529$439
30 years$2,007$1,439$1,012$700$478$393
31 years$1,921$1,360$943$643$432$353
32 years$1,841$1,287$880$591$391$317
33 years$1,766$1,219$822$543$354$284
34 years$1,695$1,155$768$500$320$255
35 years$1,629$1,096$718$460$290$229
36 years$1,566$1,040$672$424$263$206
37 years$1,507$988$629$391$238$185
38 years$1,451$939$589$360$216$166
39 years$1,398$893$551$332$196$150
40 years$1,348$849$517$306$178$135
41 years$1,300$808$485$282$161$121
42 years$1,255$770$455$261$146$109
43 years$1,212$734$427$241$133$98
44 years$1,172$699$400$222$120$88
45 years$1,133$667$376$205$109$79
46 years$1,095$636$353$190$99$71
47 years$1,060$607$332$175$90$64
48 years$1,026$579$312$162$82$58
49 years$994$553$293$150$74$52
50 years$963$529$276$138$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $986,000, adding $4,166 every year, while hoping to spend $21,537 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: 66/27/7 Blend
64$986,000$986,000$986,000$986,000
65$1,090,869$1,038,611$1,023,328$1,161,253
66$1,179,223$1,066,588$1,034,695$1,236,516
67$1,275,866$1,095,214$1,045,720$1,315,773
68$1,381,623$1,124,498$1,056,370$1,401,818
69$1,497,399$1,154,448$1,066,609$1,495,311
70$1,624,192$1,185,075$1,076,398$1,596,978
71$1,763,101$1,216,384$1,085,698$1,707,618
72$1,915,335$1,248,385$1,094,467$1,828,109
73$2,082,228$1,281,085$1,102,661$1,959,420
74$2,265,247$1,314,490$1,110,232$2,102,616
75$2,466,009$1,348,606$1,117,131$2,258,873
76$2,686,294$1,383,440$1,123,307$2,429,483
77$2,928,064$1,418,997$1,128,706$2,615,870
78$3,193,479$1,455,281$1,133,271$2,819,603
79$3,484,920$1,492,295$1,136,941$3,042,409
80$3,805,007$1,530,043$1,139,654$3,286,192
81$4,156,629$1,568,526$1,141,343$3,553,048
82$4,542,966$1,607,745$1,141,940$3,845,286
83$4,967,525$1,647,701$1,141,371$4,165,449
84$5,434,165$1,688,391$1,139,560$4,516,341
85$5,947,142$1,729,814$1,136,426$4,901,049
86$6,511,141$1,771,965$1,131,887$5,322,975
87$7,131,325$1,814,839$1,125,853$5,785,866
88$7,813,384$1,858,430$1,118,233$6,293,850
89$8,563,585$1,902,729$1,108,929$6,851,478
90$9,388,833$1,947,725$1,097,841$7,463,762
91$10,296,737$1,993,407$1,084,862$8,136,224
92$11,295,679$2,039,759$1,069,880$8,874,949
93$12,394,897$2,086,766$1,052,780$9,686,644
94$13,604,568$2,134,409$1,033,439$10,578,694
95$14,935,905$2,182,666$1,011,731$11,559,242
96$16,401,264$2,231,513$987,520$12,637,258
97$18,014,260$2,280,924$960,669$13,822,625
98$19,789,893$2,330,868$931,030$15,126,237
99$21,744,693$2,381,312$898,451$16,560,094
100$23,896,874$2,432,218$862,771$18,137,422