Can I retire at age 65 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$81,506$80,780$80,071$79,380$78,705$76,865
2 years$40,349$39,598$38,870$38,163$37,478$35,635
3 years$26,632$25,878$25,151$24,452$23,778$21,989
4 years$19,775$19,023$18,304$17,616$16,959$15,237
5 years$15,662$14,914$14,204$13,531$12,892$11,243
6 years$12,921$12,178$11,479$10,821$10,201$8,627
7 years$10,963$10,227$9,539$8,896$8,296$6,797
8 years$9,496$8,767$8,090$7,463$6,882$5,458
9 years$8,356$7,633$6,968$6,357$5,796$4,444
10 years$7,444$6,728$6,075$5,480$4,938$3,658
11 years$6,698$5,990$5,348$4,769$4,247$3,037
12 years$6,077$5,376$4,746$4,183$3,680$2,538
13 years$5,552$4,858$4,241$3,693$3,209$2,133
14 years$5,102$4,416$3,810$3,278$2,813$1,800
15 years$4,713$4,034$3,440$2,924$2,477$1,525
16 years$4,373$3,701$3,119$2,618$2,189$1,296
17 years$4,073$3,409$2,838$2,352$1,941$1,104
18 years$3,806$3,150$2,591$2,120$1,726$943
19 years$3,568$2,919$2,372$1,915$1,538$806
20 years$3,355$2,713$2,177$1,735$1,374$690
21 years$3,161$2,527$2,002$1,574$1,230$592
22 years$2,986$2,359$1,845$1,431$1,102$508
23 years$2,826$2,206$1,704$1,304$989$437
24 years$2,679$2,067$1,576$1,189$889$376
25 years$2,545$1,940$1,459$1,086$800$323
26 years$2,421$1,823$1,354$993$721$279
27 years$2,306$1,716$1,257$909$650$240
28 years$2,200$1,617$1,168$833$586$207
29 years$2,101$1,525$1,087$764$530$178
30 years$2,009$1,440$1,013$701$478$154
31 years$1,923$1,362$944$644$433$133
32 years$1,843$1,288$881$591$391$115
33 years$1,768$1,220$823$544$354$99
34 years$1,697$1,156$769$500$321$85
35 years$1,630$1,097$719$461$290$74
36 years$1,568$1,041$672$424$263$64
37 years$1,508$989$629$391$238$55
38 years$1,452$940$589$360$216$47
39 years$1,400$893$552$332$196$41
40 years$1,349$850$517$306$178$35
41 years$1,302$809$485$283$161$31
42 years$1,257$771$455$261$146$26
43 years$1,214$734$427$241$133$23
44 years$1,173$700$401$222$121$20
45 years$1,134$667$376$205$109$17
46 years$1,097$637$354$190$99$15
47 years$1,061$608$332$175$90$13
48 years$1,027$580$312$162$82$11
49 years$995$554$293$150$74$10
50 years$964$529$276$138$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $987,000, adding $2,006 every year, while hoping to spend $34,736 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: 68/27/5 Blend
64$987,000$987,000$987,000$987,000
65$1,089,743$1,037,432$1,022,134$1,163,086
66$1,163,938$1,051,308$1,019,416$1,225,763
67$1,244,537$1,064,699$1,015,444$1,289,846
68$1,332,156$1,077,545$1,010,137$1,358,970
69$1,427,473$1,089,782$1,003,414$1,433,619
70$1,531,235$1,101,341$995,188$1,514,331
71$1,644,262$1,112,148$985,369$1,601,694
72$1,767,459$1,122,126$973,861$1,696,359
73$1,901,820$1,131,190$960,565$1,799,042
74$2,048,439$1,139,252$945,377$1,910,532
75$2,208,521$1,146,216$928,189$2,031,702
76$2,383,393$1,151,983$908,885$2,163,509
77$2,574,514$1,156,445$887,348$2,307,012
78$2,783,491$1,159,488$863,451$2,463,376
79$3,012,096$1,160,991$837,065$2,633,888
80$3,262,275$1,160,826$808,053$2,819,963
81$3,536,176$1,158,855$776,271$3,023,164
82$3,836,161$1,154,933$741,571$3,245,213
83$4,164,832$1,148,908$703,796$3,488,008
84$4,525,055$1,140,614$662,783$3,753,643
85$4,919,986$1,129,880$618,362$4,044,424
86$5,353,101$1,116,521$570,354$4,362,896
87$5,828,230$1,100,343$518,573$4,711,863
88$6,349,588$1,081,138$462,824$5,094,416
89$6,921,822$1,058,690$402,905$5,513,965
90$7,550,048$1,032,766$338,602$5,974,267
91$8,239,902$1,003,121$269,694$6,479,465
92$8,997,593$969,495$195,951$7,034,127
93$9,829,961$931,614$117,129$7,643,289
94$10,744,542$889,187$32,977$8,312,500
95$11,749,635$841,907$0$9,047,882
96$12,854,385$789,449$0$9,859,212
97$14,068,869$731,468$0$10,752,971
98$15,404,185$667,601$0$11,735,614
99$16,872,562$597,463$0$12,816,194
100$18,487,474$520,650$0$14,004,694