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%14.5%
1 years$81,753$81,025$80,315$79,621$78,944$77,477
2 years$40,472$39,718$38,988$38,279$37,592$36,120
3 years$26,713$25,956$25,228$24,526$23,850$22,418
4 years$19,835$19,081$18,359$17,670$17,010$15,629
5 years$15,710$14,959$14,248$13,572$12,931$11,605
6 years$12,960$12,215$11,514$10,854$10,232$8,963
7 years$10,997$10,259$9,568$8,923$8,321$7,110
8 years$9,525$8,793$8,115$7,486$6,903$5,749
9 years$8,381$7,656$6,989$6,376$5,813$4,715
10 years$7,466$6,749$6,093$5,496$4,953$3,910
11 years$6,718$6,008$5,364$4,783$4,260$3,271
12 years$6,095$5,392$4,761$4,196$3,692$2,755
13 years$5,569$4,873$4,253$3,704$3,219$2,334
14 years$5,118$4,430$3,822$3,288$2,822$1,986
15 years$4,727$4,046$3,451$2,932$2,485$1,696
16 years$4,386$3,713$3,128$2,626$2,196$1,454
17 years$4,085$3,419$2,847$2,359$1,947$1,249
18 years$3,818$3,159$2,599$2,126$1,731$1,076
19 years$3,579$2,928$2,379$1,921$1,543$928
20 years$3,365$2,721$2,183$1,740$1,378$802
21 years$3,171$2,534$2,008$1,579$1,233$695
22 years$2,995$2,366$1,851$1,436$1,106$602
23 years$2,834$2,213$1,709$1,308$992$522
24 years$2,687$2,073$1,581$1,193$892$453
25 years$2,552$1,946$1,464$1,089$803$394
26 years$2,428$1,829$1,358$996$723$342
27 years$2,313$1,721$1,261$912$652$298
28 years$2,206$1,622$1,172$835$588$259
29 years$2,107$1,530$1,091$766$531$226
30 years$2,015$1,445$1,016$703$480$197
31 years$1,929$1,366$947$646$434$171
32 years$1,848$1,292$884$593$392$149
33 years$1,773$1,224$825$546$355$130
34 years$1,702$1,160$771$502$322$114
35 years$1,635$1,100$721$462$291$99
36 years$1,572$1,044$674$426$264$86
37 years$1,513$992$631$392$239$75
38 years$1,457$942$591$361$217$66
39 years$1,404$896$554$333$197$57
40 years$1,353$853$519$307$178$50
41 years$1,306$812$487$284$162$44
42 years$1,260$773$456$262$147$38
43 years$1,217$737$428$242$133$33
44 years$1,176$702$402$223$121$29
45 years$1,137$669$378$206$110$25
46 years$1,100$639$355$190$100$22
47 years$1,064$609$333$176$91$19
48 years$1,030$582$313$162$82$17
49 years$998$556$294$150$75$15
50 years$967$531$277$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $990,000, adding $4,539 every year, while hoping to spend $49,820 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: 41/46/13 Blend
64$990,000$990,000$990,000$990,000
65$1,095,662$1,043,192$1,027,847$1,136,199
66$1,154,411$1,041,300$1,009,272$1,163,298
67$1,217,484$1,037,646$988,405$1,187,343
68$1,285,267$1,032,091$965,116$1,212,278
69$1,358,187$1,024,486$939,270$1,238,205
70$1,436,713$1,014,677$910,727$1,265,242
71$1,521,358$1,002,496$879,336$1,293,521
72$1,612,687$987,769$844,945$1,323,192
73$1,711,320$970,309$807,389$1,354,424
74$1,817,939$949,919$766,502$1,387,407
75$1,933,294$926,389$722,104$1,422,354
76$2,058,207$899,500$674,012$1,459,507
77$2,193,584$869,016$622,032$1,499,136
78$2,340,422$834,689$565,961$1,541,545
79$2,499,814$796,258$505,590$1,587,072
80$2,672,965$753,445$440,698$1,636,099
81$2,861,200$705,956$371,054$1,689,053
82$3,065,976$653,482$296,418$1,746,408
83$3,288,897$595,693$216,539$1,808,700
84$3,531,727$532,245$131,155$1,876,521
85$3,796,407$462,769$39,993$1,950,536
86$4,085,075$386,878$0$2,031,486
87$4,400,081$304,165$0$2,128,143
88$4,744,016$214,195$0$2,239,915
89$5,119,729$116,514$0$2,362,318
90$5,530,357$10,639$0$2,496,535
91$5,979,354$0$0$2,643,882
92$6,470,523$0$0$2,858,429
93$7,008,052$0$0$3,099,245
94$7,596,550$0$0$3,363,026
95$8,241,097$0$0$3,652,064
96$8,947,283$0$0$3,968,882
97$9,721,265$0$0$4,316,262
98$10,569,827$0$0$4,697,266
99$11,500,438$0$0$5,115,265
100$12,521,324$0$0$5,573,974