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%13.8%
1 years$81,753$81,025$80,315$79,621$78,944$77,700
2 years$40,472$39,718$38,988$38,279$37,592$36,342
3 years$26,713$25,956$25,228$24,526$23,850$22,633
4 years$19,835$19,081$18,359$17,670$17,010$15,835
5 years$15,710$14,959$14,248$13,572$12,931$11,801
6 years$12,960$12,215$11,514$10,854$10,232$9,149
7 years$10,997$10,259$9,568$8,923$8,321$7,286
8 years$9,525$8,793$8,115$7,486$6,903$5,915
9 years$8,381$7,656$6,989$6,376$5,813$4,872
10 years$7,466$6,749$6,093$5,496$4,953$4,057
11 years$6,718$6,008$5,364$4,783$4,260$3,409
12 years$6,095$5,392$4,761$4,196$3,692$2,884
13 years$5,569$4,873$4,253$3,704$3,219$2,455
14 years$5,118$4,430$3,822$3,288$2,822$2,099
15 years$4,727$4,046$3,451$2,932$2,485$1,801
16 years$4,386$3,713$3,128$2,626$2,196$1,551
17 years$4,085$3,419$2,847$2,359$1,947$1,340
18 years$3,818$3,159$2,599$2,126$1,731$1,160
19 years$3,579$2,928$2,379$1,921$1,543$1,006
20 years$3,365$2,721$2,183$1,740$1,378$874
21 years$3,171$2,534$2,008$1,579$1,233$760
22 years$2,995$2,366$1,851$1,436$1,106$663
23 years$2,834$2,213$1,709$1,308$992$578
24 years$2,687$2,073$1,581$1,193$892$504
25 years$2,552$1,946$1,464$1,089$803$441
26 years$2,428$1,829$1,358$996$723$385
27 years$2,313$1,721$1,261$912$652$337
28 years$2,206$1,622$1,172$835$588$295
29 years$2,107$1,530$1,091$766$531$259
30 years$2,015$1,445$1,016$703$480$227
31 years$1,929$1,366$947$646$434$199
32 years$1,848$1,292$884$593$392$174
33 years$1,773$1,224$825$546$355$153
34 years$1,702$1,160$771$502$322$134
35 years$1,635$1,100$721$462$291$118
36 years$1,572$1,044$674$426$264$103
37 years$1,513$992$631$392$239$91
38 years$1,457$942$591$361$217$79
39 years$1,404$896$554$333$197$70
40 years$1,353$853$519$307$178$61
41 years$1,306$812$487$284$162$54
42 years$1,260$773$456$262$147$47
43 years$1,217$737$428$242$133$41
44 years$1,176$702$402$223$121$36
45 years$1,137$669$378$206$110$32
46 years$1,100$639$355$190$100$28
47 years$1,064$609$333$176$91$25
48 years$1,030$582$313$162$82$22
49 years$998$556$294$150$75$19
50 years$967$531$277$139$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $990,000, adding $5,735 every year, while hoping to spend $56,239 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: 47/24/29 Blend
64$990,000$990,000$990,000$990,000
65$1,096,896$1,044,426$1,029,081$1,139,091
66$1,148,941$1,035,765$1,003,717$1,160,829
67$1,204,410$1,024,794$975,619$1,178,507
68$1,263,593$1,011,342$944,635$1,196,622
69$1,326,807$995,226$910,608$1,215,246
70$1,394,400$976,250$873,372$1,234,461
71$1,466,754$954,212$832,755$1,254,362
72$1,544,287$928,892$788,576$1,275,057
73$1,627,458$900,061$740,647$1,296,668
74$1,716,770$867,476$688,770$1,319,337
75$1,812,776$830,878$632,740$1,343,224
76$1,916,084$789,995$572,340$1,368,508
77$2,027,358$744,538$507,348$1,395,397
78$2,147,331$694,203$437,526$1,424,121
79$2,276,807$638,667$362,631$1,454,942
80$2,416,668$577,589$282,406$1,488,156
81$2,567,885$510,608$196,584$1,524,094
82$2,731,525$437,343$104,886$1,563,130
83$2,908,761$357,393$7,019$1,605,682
84$3,100,880$270,332$0$1,652,220
85$3,309,303$175,710$0$1,733,415
86$3,535,586$73,054$0$1,823,989
87$3,781,445$0$0$1,922,529
88$4,048,767$0$0$2,039,949
89$4,339,626$0$0$2,188,799
90$4,656,307$0$0$2,350,967
91$5,001,321$0$0$2,527,750
92$5,377,434$0$0$2,720,581
93$5,787,688$0$0$2,931,033
94$6,235,434$0$0$3,160,840
95$6,724,358$0$0$3,411,908
96$7,258,519$0$0$3,686,337
97$7,842,385$0$0$3,986,441
98$8,480,876$0$0$4,314,765
99$9,179,407$0$0$4,674,111
100$9,943,944$0$0$5,067,566