Can I retire at age 65 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$81,753$81,025$80,315$79,621$78,944$77,036
2 years$40,472$39,718$38,988$38,279$37,592$35,681
3 years$26,713$25,956$25,228$24,526$23,850$21,996
4 years$19,835$19,081$18,359$17,670$17,010$15,227
5 years$15,710$14,959$14,248$13,572$12,931$11,224
6 years$12,960$12,215$11,514$10,854$10,232$8,603
7 years$10,997$10,259$9,568$8,923$8,321$6,770
8 years$9,525$8,793$8,115$7,486$6,903$5,430
9 years$8,381$7,656$6,989$6,376$5,813$4,416
10 years$7,466$6,749$6,093$5,496$4,953$3,631
11 years$6,718$6,008$5,364$4,783$4,260$3,010
12 years$6,095$5,392$4,761$4,196$3,692$2,513
13 years$5,569$4,873$4,253$3,704$3,219$2,109
14 years$5,118$4,430$3,822$3,288$2,822$1,777
15 years$4,727$4,046$3,451$2,932$2,485$1,504
16 years$4,386$3,713$3,128$2,626$2,196$1,276
17 years$4,085$3,419$2,847$2,359$1,947$1,085
18 years$3,818$3,159$2,599$2,126$1,731$925
19 years$3,579$2,928$2,379$1,921$1,543$790
20 years$3,365$2,721$2,183$1,740$1,378$676
21 years$3,171$2,534$2,008$1,579$1,233$579
22 years$2,995$2,366$1,851$1,436$1,106$496
23 years$2,834$2,213$1,709$1,308$992$426
24 years$2,687$2,073$1,581$1,193$892$365
25 years$2,552$1,946$1,464$1,089$803$314
26 years$2,428$1,829$1,358$996$723$270
27 years$2,313$1,721$1,261$912$652$232
28 years$2,206$1,622$1,172$835$588$200
29 years$2,107$1,530$1,091$766$531$172
30 years$2,015$1,445$1,016$703$480$148
31 years$1,929$1,366$947$646$434$128
32 years$1,848$1,292$884$593$392$110
33 years$1,773$1,224$825$546$355$95
34 years$1,702$1,160$771$502$322$82
35 years$1,635$1,100$721$462$291$70
36 years$1,572$1,044$674$426$264$61
37 years$1,513$992$631$392$239$52
38 years$1,457$942$591$361$217$45
39 years$1,404$896$554$333$197$39
40 years$1,353$853$519$307$178$34
41 years$1,306$812$487$284$162$29
42 years$1,260$773$456$262$147$25
43 years$1,217$737$428$242$133$22
44 years$1,176$702$402$223$121$19
45 years$1,137$669$378$206$110$16
46 years$1,100$639$355$190$100$14
47 years$1,064$609$333$176$91$12
48 years$1,030$582$313$162$82$10
49 years$998$556$294$150$75$9
50 years$967$531$277$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $990,000, adding $3,818 every year, while hoping to spend $26,654 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: 46/30/24 Blend
64$990,000$990,000$990,000$990,000
65$1,094,918$1,042,448$1,027,103$1,137,583
66$1,178,240$1,065,169$1,033,152$1,190,721
67$1,269,168$1,088,109$1,038,509$1,245,424
68$1,368,448$1,111,252$1,043,125$1,304,243
69$1,476,905$1,134,578$1,046,945$1,367,577
70$1,595,444$1,158,067$1,049,912$1,435,863
71$1,725,063$1,181,696$1,051,967$1,509,585
72$1,866,859$1,205,439$1,053,048$1,589,278
73$2,022,043$1,229,269$1,053,089$1,675,528
74$2,191,946$1,253,158$1,052,022$1,768,985
75$2,378,033$1,277,072$1,049,774$1,870,365
76$2,581,921$1,300,977$1,046,270$1,980,455
77$2,805,387$1,324,835$1,041,430$2,100,127
78$3,050,390$1,348,605$1,035,171$2,230,340
79$3,319,088$1,372,244$1,027,407$2,372,152
80$3,613,855$1,395,705$1,018,046$2,526,730
81$3,937,310$1,418,936$1,006,992$2,695,360
82$4,292,335$1,441,883$994,145$2,879,463
83$4,682,104$1,464,487$979,401$3,080,604
84$5,110,117$1,486,685$962,649$3,300,508
85$5,580,226$1,508,409$943,775$3,541,080
86$6,096,676$1,529,588$922,658$3,804,418
87$6,664,143$1,550,144$899,172$4,092,837
88$7,287,777$1,569,993$873,187$4,408,890
89$7,973,255$1,589,047$844,563$4,755,393
90$8,726,829$1,607,212$813,158$5,135,448
91$9,555,386$1,624,386$778,820$5,552,479
92$10,466,517$1,640,463$741,391$6,010,260
93$11,468,583$1,655,326$700,709$6,512,953
94$12,570,795$1,668,854$656,599$7,065,146
95$13,783,304$1,680,915$608,883$7,671,900
96$15,117,292$1,691,372$557,372$8,338,793
97$16,585,083$1,700,076$501,871$9,071,975
98$18,200,252$1,706,870$442,174$9,878,230
99$19,977,758$1,711,587$378,067$10,765,035
100$21,934,084$1,714,049$309,327$11,740,633