Can I retire at age 65 with 989,000?

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 $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%12.9%
1 years$81,671$80,943$80,233$79,541$78,864$77,911
2 years$40,431$39,678$38,948$38,241$37,554$36,595
3 years$26,686$25,930$25,202$24,501$23,826$22,891
4 years$19,815$19,061$18,341$17,652$16,993$16,088
5 years$15,694$14,944$14,233$13,558$12,918$12,047
6 years$12,947$12,203$11,502$10,843$10,221$9,385
7 years$10,986$10,248$9,559$8,914$8,313$7,511
8 years$9,515$8,785$8,106$7,478$6,896$6,130
9 years$8,373$7,649$6,982$6,370$5,808$5,076
10 years$7,459$6,742$6,087$5,491$4,948$4,250
11 years$6,712$6,002$5,359$4,779$4,256$3,591
12 years$6,089$5,387$4,756$4,191$3,688$3,056
13 years$5,563$4,868$4,249$3,700$3,216$2,616
14 years$5,113$4,425$3,818$3,285$2,819$2,250
15 years$4,723$4,042$3,447$2,929$2,482$1,943
16 years$4,382$3,709$3,125$2,623$2,194$1,684
17 years$4,081$3,416$2,844$2,357$1,945$1,464
18 years$3,814$3,156$2,596$2,124$1,730$1,275
19 years$3,576$2,925$2,377$1,919$1,542$1,113
20 years$3,361$2,718$2,181$1,738$1,377$974
21 years$3,168$2,532$2,006$1,577$1,232$853
22 years$2,992$2,363$1,849$1,434$1,104$748
23 years$2,831$2,210$1,707$1,306$991$657
24 years$2,685$2,071$1,579$1,191$891$578
25 years$2,550$1,944$1,462$1,088$802$508
26 years$2,426$1,827$1,356$995$722$448
27 years$2,311$1,719$1,259$911$651$395
28 years$2,204$1,620$1,171$834$588$348
29 years$2,105$1,528$1,090$765$531$307
30 years$2,013$1,443$1,015$702$479$271
31 years$1,927$1,364$946$645$433$239
32 years$1,847$1,291$883$593$392$211
33 years$1,771$1,223$824$545$355$187
34 years$1,700$1,159$770$501$321$165
35 years$1,634$1,099$720$462$291$146
36 years$1,571$1,043$674$425$264$129
37 years$1,511$991$630$392$239$114
38 years$1,455$942$590$361$217$101
39 years$1,402$895$553$333$196$89
40 years$1,352$852$518$307$178$79
41 years$1,304$811$486$283$162$70
42 years$1,259$772$456$261$147$62
43 years$1,216$736$428$241$133$55
44 years$1,175$701$402$223$121$49
45 years$1,136$669$377$206$110$43
46 years$1,099$638$354$190$100$38
47 years$1,063$609$333$176$90$34
48 years$1,029$581$313$162$82$30
49 years$997$555$294$150$75$26
50 years$966$530$276$139$68$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $989,000, adding $4,242 every year, while hoping to spend $26,706 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: 45/38/17 Blend
64$989,000$989,000$989,000$989,000
65$1,094,254$1,041,837$1,026,507$1,137,982
66$1,177,453$1,064,472$1,032,480$1,191,615
67$1,268,243$1,087,321$1,037,758$1,246,736
68$1,367,370$1,110,366$1,042,290$1,305,941
69$1,475,656$1,133,588$1,046,021$1,369,619
70$1,594,005$1,156,966$1,048,894$1,438,201
71$1,723,412$1,180,476$1,050,851$1,512,161
72$1,864,974$1,204,093$1,051,828$1,592,020
73$2,019,896$1,227,789$1,051,760$1,678,356
74$2,189,509$1,251,534$1,050,577$1,771,802
75$2,375,275$1,275,295$1,048,207$1,873,059
76$2,578,806$1,299,037$1,044,575$1,982,900
77$2,801,877$1,322,723$1,039,601$2,102,173
78$3,046,441$1,346,309$1,033,201$2,231,819
79$3,314,653$1,369,753$1,025,288$2,372,871
80$3,608,883$1,393,006$1,015,770$2,526,471
81$3,931,742$1,416,017$1,004,552$2,693,876
82$4,286,108$1,438,730$991,532$2,876,472
83$4,675,149$1,461,086$976,607$3,075,790
84$5,102,356$1,483,021$959,664$3,293,515
85$5,571,574$1,504,466$940,591$3,531,507
86$6,087,038$1,525,348$919,264$3,791,817
87$6,653,415$1,545,590$895,559$4,076,704
88$7,275,846$1,565,106$869,343$4,388,661
89$7,959,994$1,583,808$840,477$4,730,438
90$8,712,099$1,601,600$808,819$5,105,065
91$9,539,034$1,618,380$774,215$5,515,883
92$10,448,373$1,634,038$736,509$5,966,578
93$11,448,460$1,648,458$695,534$6,461,211
94$12,548,488$1,661,518$651,120$7,004,262
95$13,758,585$1,673,084$603,084$7,600,670
96$15,089,913$1,683,016$551,239$8,255,880
97$16,554,766$1,691,166$495,388$8,975,896
98$18,166,693$1,697,375$435,324$9,767,337
99$19,940,622$1,701,472$370,834$10,637,501
100$21,893,001$1,703,280$301,692$11,594,433