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%12.5%
1 years$81,506$80,780$80,071$79,380$78,705$77,883
2 years$40,349$39,598$38,870$38,163$37,478$36,651
3 years$26,632$25,878$25,151$24,452$23,778$22,970
4 years$19,775$19,023$18,304$17,616$16,959$16,177
5 years$15,662$14,914$14,204$13,531$12,892$12,138
6 years$12,921$12,178$11,479$10,821$10,201$9,477
7 years$10,963$10,227$9,539$8,896$8,296$7,602
8 years$9,496$8,767$8,090$7,463$6,882$6,218
9 years$8,356$7,633$6,968$6,357$5,796$5,161
10 years$7,444$6,728$6,075$5,480$4,938$4,332
11 years$6,698$5,990$5,348$4,769$4,247$3,669
12 years$6,077$5,376$4,746$4,183$3,680$3,130
13 years$5,552$4,858$4,241$3,693$3,209$2,687
14 years$5,102$4,416$3,810$3,278$2,813$2,317
15 years$4,713$4,034$3,440$2,924$2,477$2,007
16 years$4,373$3,701$3,119$2,618$2,189$1,744
17 years$4,073$3,409$2,838$2,352$1,941$1,520
18 years$3,806$3,150$2,591$2,120$1,726$1,328
19 years$3,568$2,919$2,372$1,915$1,538$1,163
20 years$3,355$2,713$2,177$1,735$1,374$1,020
21 years$3,161$2,527$2,002$1,574$1,230$896
22 years$2,986$2,359$1,845$1,431$1,102$789
23 years$2,826$2,206$1,704$1,304$989$695
24 years$2,679$2,067$1,576$1,189$889$613
25 years$2,545$1,940$1,459$1,086$800$541
26 years$2,421$1,823$1,354$993$721$478
27 years$2,306$1,716$1,257$909$650$422
28 years$2,200$1,617$1,168$833$586$374
29 years$2,101$1,525$1,087$764$530$331
30 years$2,009$1,440$1,013$701$478$293
31 years$1,923$1,362$944$644$433$259
32 years$1,843$1,288$881$591$391$230
33 years$1,768$1,220$823$544$354$204
34 years$1,697$1,156$769$500$321$181
35 years$1,630$1,097$719$461$290$160
36 years$1,568$1,041$672$424$263$142
37 years$1,508$989$629$391$238$126
38 years$1,452$940$589$360$216$112
39 years$1,400$893$552$332$196$99
40 years$1,349$850$517$306$178$88
41 years$1,302$809$485$283$161$78
42 years$1,257$771$455$261$146$70
43 years$1,214$734$427$241$133$62
44 years$1,173$700$401$222$121$55
45 years$1,134$667$376$205$109$49
46 years$1,097$637$354$190$99$43
47 years$1,061$608$332$175$90$39
48 years$1,027$580$312$162$82$34
49 years$995$554$293$150$74$30
50 years$964$529$276$138$68$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $987,000, adding $6,364 every year, while hoping to spend $48,892 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: 25/45/30 Blend
64$987,000$987,000$987,000$987,000
65$1,094,238$1,041,927$1,026,629$1,111,233
66$1,153,830$1,040,961$1,009,000$1,125,103
67$1,217,861$1,038,309$989,142$1,135,429
68$1,286,734$1,033,836$966,929$1,145,502
69$1,360,887$1,027,401$942,228$1,155,336
70$1,440,806$1,018,852$914,901$1,164,949
71$1,527,022$1,008,029$884,804$1,174,367
72$1,620,118$994,763$851,784$1,183,625
73$1,720,736$978,872$815,685$1,192,765
74$1,829,581$960,167$776,341$1,201,841
75$1,947,428$938,445$733,578$1,210,916
76$2,075,130$913,493$687,217$1,220,070
77$2,213,622$885,083$637,068$1,229,394
78$2,363,936$852,976$582,934$1,238,998
79$2,527,204$816,919$524,609$1,249,011
80$2,704,673$776,642$461,878$1,259,582
81$2,897,715$731,863$394,515$1,270,887
82$3,107,837$682,280$322,287$1,283,126
83$3,336,701$627,575$244,948$1,296,531
84$3,586,132$567,414$162,241$1,311,367
85$3,858,141$501,441$73,900$1,327,938
86$4,154,942$429,282$0$1,346,590
87$4,478,969$350,540$0$1,374,240
88$4,832,904$264,797$0$1,430,480
89$5,219,698$171,610$0$1,492,235
90$5,642,601$70,513$0$1,560,177
91$6,105,191$0$0$1,635,060
92$6,611,407$0$0$1,737,029
93$7,165,587$0$0$1,887,046
94$7,772,508$0$0$2,051,510
95$8,437,429$0$0$2,231,867
96$9,166,144$0$0$2,429,709
97$9,965,033$0$0$2,646,793
98$10,841,123$0$0$2,885,051
99$11,802,154$0$0$3,146,612
100$12,856,649$0$0$3,433,821