Can I retire at age 65 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$81,671$80,943$80,233$79,541$78,864$77,462
2 years$40,431$39,678$38,948$38,241$37,554$36,147
3 years$26,686$25,930$25,202$24,501$23,826$22,456
4 years$19,815$19,061$18,341$17,652$16,993$15,672
5 years$15,694$14,944$14,233$13,558$12,918$11,649
6 years$12,947$12,203$11,502$10,843$10,221$9,007
7 years$10,986$10,248$9,559$8,914$8,313$7,152
8 years$9,515$8,785$8,106$7,478$6,896$5,790
9 years$8,373$7,649$6,982$6,370$5,808$4,755
10 years$7,459$6,742$6,087$5,491$4,948$3,948
11 years$6,712$6,002$5,359$4,779$4,256$3,306
12 years$6,089$5,387$4,756$4,191$3,688$2,789
13 years$5,563$4,868$4,249$3,700$3,216$2,365
14 years$5,113$4,425$3,818$3,285$2,819$2,015
15 years$4,723$4,042$3,447$2,929$2,482$1,724
16 years$4,382$3,709$3,125$2,623$2,194$1,480
17 years$4,081$3,416$2,844$2,357$1,945$1,273
18 years$3,814$3,156$2,596$2,124$1,730$1,098
19 years$3,576$2,925$2,377$1,919$1,542$949
20 years$3,361$2,718$2,181$1,738$1,377$821
21 years$3,168$2,532$2,006$1,577$1,232$712
22 years$2,992$2,363$1,849$1,434$1,104$618
23 years$2,831$2,210$1,707$1,306$991$537
24 years$2,685$2,071$1,579$1,191$891$467
25 years$2,550$1,944$1,462$1,088$802$406
26 years$2,426$1,827$1,356$995$722$354
27 years$2,311$1,719$1,259$911$651$308
28 years$2,204$1,620$1,171$834$588$269
29 years$2,105$1,528$1,090$765$531$235
30 years$2,013$1,443$1,015$702$479$205
31 years$1,927$1,364$946$645$433$179
32 years$1,847$1,291$883$593$392$156
33 years$1,771$1,223$824$545$355$136
34 years$1,700$1,159$770$501$321$119
35 years$1,634$1,099$720$462$291$104
36 years$1,571$1,043$674$425$264$91
37 years$1,511$991$630$392$239$79
38 years$1,455$942$590$361$217$69
39 years$1,402$895$553$333$196$61
40 years$1,352$852$518$307$178$53
41 years$1,304$811$486$283$162$46
42 years$1,259$772$456$261$147$41
43 years$1,216$736$428$241$133$35
44 years$1,175$701$402$223$121$31
45 years$1,136$669$377$206$110$27
46 years$1,099$638$354$190$100$24
47 years$1,063$609$333$176$90$21
48 years$1,029$581$313$162$82$18
49 years$997$555$294$150$75$16
50 years$966$530$276$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $989,000, adding $3,301 every year, while hoping to spend $30,127 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: 58/12/30 Blend
64$989,000$989,000$989,000$989,000
65$1,093,283$1,040,866$1,025,536$1,147,519
66$1,172,743$1,059,814$1,027,837$1,204,068
67$1,259,298$1,078,680$1,029,205$1,262,265
68$1,353,640$1,097,429$1,029,577$1,325,119
69$1,456,531$1,116,022$1,028,888$1,393,090
70$1,568,809$1,134,419$1,027,067$1,466,687
71$1,691,395$1,152,574$1,024,042$1,546,473
72$1,825,307$1,170,439$1,019,736$1,633,066
73$1,971,661$1,187,963$1,014,070$1,727,151
74$2,131,689$1,205,092$1,006,960$1,829,480
75$2,306,745$1,221,765$998,317$1,940,885
76$2,498,323$1,237,921$988,050$2,062,285
77$2,708,064$1,253,492$976,062$2,194,690
78$2,937,779$1,268,405$962,253$2,339,216
79$3,189,460$1,282,585$946,515$2,497,096
80$3,465,301$1,295,947$928,740$2,669,687
81$3,767,719$1,308,406$908,810$2,858,487
82$4,099,375$1,319,868$886,605$3,065,147
83$4,463,203$1,330,232$861,997$3,291,491
84$4,862,430$1,339,394$834,854$3,539,527
85$5,300,613$1,347,240$805,038$3,811,472
86$5,781,672$1,353,650$772,402$4,109,770
87$6,309,920$1,358,497$736,795$4,437,116
88$6,890,113$1,361,645$698,059$4,796,484
89$7,527,488$1,362,949$656,028$5,191,151
90$8,227,815$1,362,256$610,528$5,624,732
91$8,997,450$1,359,404$561,378$6,101,213
92$9,843,394$1,354,220$508,389$6,624,990
93$10,773,364$1,346,520$451,363$7,200,909
94$11,795,858$1,336,110$390,095$7,834,315
95$12,920,240$1,322,784$324,367$8,531,099
96$14,156,826$1,306,323$253,956$9,297,759
97$15,516,985$1,286,495$178,625$10,141,458
98$17,013,238$1,263,054$98,131$11,070,094
99$18,659,386$1,235,741$12,215$12,092,374
100$20,470,630$1,204,279$0$13,217,898