Can I retire at age 65 with 987,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$81,506$80,780$80,071$79,380$78,705$77,657
2 years$40,349$39,598$38,870$38,163$37,478$36,424
3 years$26,632$25,878$25,151$24,452$23,778$22,750
4 years$19,775$19,023$18,304$17,616$16,959$15,966
5 years$15,662$14,914$14,204$13,531$12,892$11,936
6 years$12,921$12,178$11,479$10,821$10,201$9,284
7 years$10,963$10,227$9,539$8,896$8,296$7,418
8 years$9,496$8,767$8,090$7,463$6,882$6,043
9 years$8,356$7,633$6,968$6,357$5,796$4,995
10 years$7,444$6,728$6,075$5,480$4,938$4,175
11 years$6,698$5,990$5,348$4,769$4,247$3,521
12 years$6,077$5,376$4,746$4,183$3,680$2,991
13 years$5,552$4,858$4,241$3,693$3,209$2,555
14 years$5,102$4,416$3,810$3,278$2,813$2,193
15 years$4,713$4,034$3,440$2,924$2,477$1,890
16 years$4,373$3,701$3,119$2,618$2,189$1,635
17 years$4,073$3,409$2,838$2,352$1,941$1,418
18 years$3,806$3,150$2,591$2,120$1,726$1,233
19 years$3,568$2,919$2,372$1,915$1,538$1,074
20 years$3,355$2,713$2,177$1,735$1,374$937
21 years$3,161$2,527$2,002$1,574$1,230$819
22 years$2,986$2,359$1,845$1,431$1,102$717
23 years$2,826$2,206$1,704$1,304$989$628
24 years$2,679$2,067$1,576$1,189$889$551
25 years$2,545$1,940$1,459$1,086$800$484
26 years$2,421$1,823$1,354$993$721$425
27 years$2,306$1,716$1,257$909$650$374
28 years$2,200$1,617$1,168$833$586$329
29 years$2,101$1,525$1,087$764$530$289
30 years$2,009$1,440$1,013$701$478$255
31 years$1,923$1,362$944$644$433$224
32 years$1,843$1,288$881$591$391$198
33 years$1,768$1,220$823$544$354$174
34 years$1,697$1,156$769$500$321$154
35 years$1,630$1,097$719$461$290$135
36 years$1,568$1,041$672$424$263$119
37 years$1,508$989$629$391$238$105
38 years$1,452$940$589$360$216$93
39 years$1,400$893$552$332$196$82
40 years$1,349$850$517$306$178$72
41 years$1,302$809$485$283$161$64
42 years$1,257$771$455$261$146$56
43 years$1,214$734$427$241$133$50
44 years$1,173$700$401$222$121$44
45 years$1,134$667$376$205$109$39
46 years$1,097$637$354$190$99$34
47 years$1,061$608$332$175$90$30
48 years$1,027$580$312$162$82$27
49 years$995$554$293$150$74$24
50 years$964$529$276$138$68$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $987,000, adding $6,323 every year, while hoping to spend $36,047 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: 39/41/20 Blend
64$987,000$987,000$987,000$987,000
65$1,094,196$1,041,885$1,026,587$1,130,129
66$1,167,450$1,054,584$1,022,624$1,169,242
67$1,246,969$1,066,697$1,017,320$1,207,611
68$1,333,351$1,078,157$1,010,592$1,248,358
69$1,427,260$1,088,893$1,002,353$1,291,718
70$1,529,421$1,098,829$992,512$1,337,953
71$1,640,634$1,107,884$980,974$1,387,351
72$1,761,781$1,115,973$967,639$1,440,233
73$1,893,829$1,123,002$952,402$1,496,956
74$2,037,846$1,128,875$935,153$1,557,912
75$2,195,003$1,133,487$915,778$1,623,537
76$2,366,594$1,136,728$894,157$1,694,314
77$2,554,039$1,138,481$870,164$1,770,778
78$2,758,905$1,138,620$843,668$1,853,522
79$2,982,914$1,137,013$814,531$1,943,199
80$3,227,963$1,133,519$782,610$2,040,536
81$3,496,143$1,127,989$747,755$2,146,336
82$3,789,753$1,120,264$709,809$2,261,486
83$4,111,327$1,110,176$668,607$2,386,969
84$4,463,655$1,097,547$623,977$2,523,872
85$4,849,809$1,082,188$575,741$2,673,397
86$5,273,172$1,063,898$523,712$2,836,875
87$5,737,473$1,042,466$467,693$3,015,774
88$6,246,814$1,017,666$407,480$3,211,721
89$6,805,719$989,261$342,860$3,426,513
90$7,419,165$956,999$273,609$3,662,134
91$8,092,641$920,612$199,496$3,920,781
92$8,832,187$879,819$120,276$4,204,878
93$9,644,462$834,321$35,696$4,517,107
94$10,536,797$783,803$0$4,860,428
95$11,517,271$727,930$0$5,249,757
96$12,594,784$666,350$0$5,685,949
97$13,779,139$598,689$0$6,165,432
98$15,081,140$524,553$0$6,692,678
99$16,512,684$443,524$0$7,272,621
100$18,086,885$355,164$0$7,910,706