Can I retire at age 65 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$81,836$81,107$80,396$79,702$79,024$77,176
2 years$40,513$39,758$39,027$38,318$37,630$35,779
3 years$26,740$25,982$25,253$24,551$23,874$22,078
4 years$19,855$19,100$18,378$17,687$17,027$15,299
5 years$15,725$14,975$14,262$13,586$12,944$11,289
6 years$12,973$12,228$11,526$10,865$10,242$8,662
7 years$11,008$10,269$9,578$8,932$8,330$6,825
8 years$9,535$8,802$8,123$7,493$6,910$5,480
9 years$8,389$7,664$6,996$6,382$5,819$4,462
10 years$7,474$6,755$6,099$5,502$4,958$3,673
11 years$6,725$6,014$5,370$4,788$4,264$3,049
12 years$6,102$5,398$4,766$4,200$3,695$2,549
13 years$5,575$4,878$4,258$3,708$3,222$2,142
14 years$5,123$4,434$3,826$3,291$2,825$1,808
15 years$4,732$4,051$3,454$2,935$2,487$1,531
16 years$4,391$3,716$3,132$2,628$2,198$1,301
17 years$4,089$3,423$2,850$2,362$1,949$1,108
18 years$3,822$3,163$2,601$2,128$1,733$946
19 years$3,583$2,931$2,381$1,923$1,545$809
20 years$3,368$2,724$2,186$1,742$1,380$693
21 years$3,174$2,537$2,010$1,581$1,235$595
22 years$2,998$2,368$1,853$1,437$1,107$510
23 years$2,837$2,215$1,711$1,309$993$439
24 years$2,690$2,075$1,582$1,194$893$377
25 years$2,555$1,948$1,465$1,090$804$325
26 years$2,430$1,830$1,359$997$724$280
27 years$2,315$1,723$1,262$912$653$241
28 years$2,209$1,623$1,173$836$589$208
29 years$2,110$1,531$1,092$767$532$179
30 years$2,017$1,446$1,017$704$480$154
31 years$1,931$1,367$948$646$434$133
32 years$1,850$1,294$885$594$393$115
33 years$1,775$1,225$826$546$356$99
34 years$1,704$1,161$772$502$322$86
35 years$1,637$1,101$721$463$292$74
36 years$1,574$1,045$675$426$264$64
37 years$1,515$993$632$392$239$55
38 years$1,458$943$592$362$217$48
39 years$1,405$897$554$334$197$41
40 years$1,355$854$519$308$179$36
41 years$1,307$812$487$284$162$31
42 years$1,262$774$457$262$147$27
43 years$1,219$737$429$242$133$23
44 years$1,177$703$402$223$121$20
45 years$1,138$670$378$206$110$17
46 years$1,101$639$355$190$100$15
47 years$1,065$610$333$176$91$13
48 years$1,031$582$313$163$82$11
49 years$999$556$295$150$75$10
50 years$968$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 $991,000, adding $4,279 every year, while hoping to spend $40,611 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: 39/43/18 Blend
64$991,000$991,000$991,000$991,000
65$1,096,496$1,043,973$1,028,612$1,133,214
66$1,165,129$1,051,918$1,019,861$1,167,852
67$1,239,401$1,058,891$1,009,455$1,201,073
68$1,319,845$1,064,801$997,297$1,236,145
69$1,407,046$1,069,554$983,284$1,273,256
70$1,501,648$1,073,045$967,307$1,312,616
71$1,604,358$1,075,166$949,254$1,354,460
72$1,715,955$1,075,802$929,007$1,399,049
73$1,837,296$1,074,830$906,442$1,446,672
74$1,969,322$1,072,119$881,430$1,497,652
75$2,113,071$1,067,530$853,835$1,552,346
76$2,269,682$1,060,918$823,517$1,611,152
77$2,440,412$1,052,125$790,327$1,674,512
78$2,626,642$1,040,987$754,111$1,742,917
79$2,829,893$1,027,328$714,707$1,816,910
80$3,051,838$1,010,964$671,946$1,897,098
81$3,294,321$991,696$625,651$1,984,149
82$3,559,369$969,316$575,638$2,078,808
83$3,849,216$943,605$521,713$2,181,898
84$4,166,322$914,327$463,677$2,294,336
85$4,513,394$881,236$401,317$2,417,132
86$4,893,414$844,070$334,415$2,551,411
87$5,309,665$802,553$262,740$2,698,416
88$5,765,763$756,390$186,054$2,859,523
89$6,265,690$705,272$104,106$3,036,259
90$6,813,831$648,872$16,635$3,230,313
91$7,415,018$586,842$0$3,443,553
92$8,074,571$518,819$0$3,692,781
93$8,798,350$444,413$0$3,969,921
94$9,592,809$363,217$0$4,274,364
95$10,465,059$274,798$0$4,608,971
96$11,422,934$178,702$0$4,976,901
97$12,475,060$74,445$0$5,381,646
98$13,630,943$0$0$5,827,060
99$14,901,054$0$0$6,335,609
100$16,296,929$0$0$6,933,368