Can I retire at age 65 with 992,000?

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 $992,000?

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$81,918$81,189$80,477$79,782$79,103$77,857
2 years$40,554$39,798$39,066$38,357$37,668$36,416
3 years$26,767$26,009$25,279$24,576$23,898$22,679
4 years$19,875$19,119$18,396$17,705$17,044$15,867
5 years$15,741$14,990$14,276$13,599$12,957$11,825
6 years$12,986$12,240$11,537$10,876$10,252$9,168
7 years$11,019$10,279$9,588$8,941$8,338$7,301
8 years$9,544$8,811$8,131$7,501$6,917$5,927
9 years$8,398$7,672$7,003$6,389$5,825$4,882
10 years$7,481$6,762$6,106$5,507$4,963$4,066
11 years$6,732$6,020$5,375$4,793$4,269$3,416
12 years$6,108$5,403$4,770$4,204$3,699$2,890
13 years$5,580$4,883$4,262$3,712$3,226$2,460
14 years$5,128$4,439$3,829$3,295$2,828$2,103
15 years$4,737$4,055$3,458$2,938$2,490$1,805
16 years$4,395$3,720$3,135$2,631$2,200$1,554
17 years$4,093$3,426$2,852$2,364$1,951$1,342
18 years$3,826$3,166$2,604$2,130$1,735$1,162
19 years$3,587$2,934$2,384$1,925$1,546$1,008
20 years$3,371$2,726$2,188$1,743$1,381$876
21 years$3,177$2,540$2,012$1,582$1,236$762
22 years$3,001$2,371$1,855$1,439$1,108$664
23 years$2,840$2,217$1,712$1,310$994$579
24 years$2,693$2,077$1,584$1,195$894$506
25 years$2,558$1,950$1,467$1,091$804$442
26 years$2,433$1,832$1,360$998$725$386
27 years$2,318$1,724$1,263$913$653$338
28 years$2,211$1,625$1,174$837$589$296
29 years$2,112$1,533$1,093$767$532$259
30 years$2,019$1,448$1,018$704$481$227
31 years$1,933$1,368$949$647$435$199
32 years$1,852$1,295$885$594$393$174
33 years$1,777$1,226$827$547$356$153
34 years$1,705$1,162$772$503$322$134
35 years$1,639$1,102$722$463$292$118
36 years$1,576$1,046$676$426$264$103
37 years$1,516$994$632$393$240$91
38 years$1,460$944$592$362$217$80
39 years$1,407$898$555$334$197$70
40 years$1,356$854$520$308$179$61
41 years$1,308$813$488$284$162$54
42 years$1,263$775$457$262$147$47
43 years$1,220$738$429$242$134$42
44 years$1,179$703$403$224$121$37
45 years$1,139$671$378$206$110$32
46 years$1,102$640$355$191$100$28
47 years$1,066$611$334$176$91$25
48 years$1,032$583$314$163$82$22
49 years$1,000$557$295$150$75$19
50 years$969$532$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 $992,000, adding $4,978 every year, while hoping to spend $30,610 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: 82/13/5 Blend
64$992,000$992,000$992,000$992,000
65$1,098,319$1,045,743$1,030,367$1,187,866
66$1,177,779$1,064,415$1,032,315$1,265,773
67$1,264,317$1,082,977$1,033,303$1,346,649
68$1,358,625$1,101,390$1,033,266$1,434,475
69$1,461,460$1,119,614$1,032,136$1,529,928
70$1,573,658$1,137,604$1,029,842$1,633,753
71$1,696,139$1,155,315$1,026,310$1,746,771
72$1,829,916$1,172,695$1,021,461$1,869,886
73$1,976,102$1,189,692$1,015,214$2,004,094
74$2,135,924$1,206,246$1,007,484$2,150,491
75$2,310,733$1,222,297$998,179$2,310,284
76$2,502,016$1,237,779$987,207$2,484,803
77$2,711,411$1,252,619$974,468$2,675,515
78$2,940,722$1,266,744$959,859$2,884,033
79$3,191,934$1,280,073$943,273$3,112,135
80$3,467,234$1,292,519$924,595$3,361,780
81$3,769,031$1,303,992$903,708$3,635,126
82$4,099,977$1,314,393$880,488$3,934,551
83$4,462,995$1,323,619$854,805$4,262,674
84$4,861,303$1,331,558$826,523$4,622,382
85$5,298,445$1,338,094$795,501$5,016,854
86$5,778,327$1,343,100$761,590$5,449,593
87$6,305,248$1,346,445$724,635$5,924,462
88$6,883,948$1,347,985$684,475$6,445,714
89$7,519,646$1,347,571$640,940$7,018,035
90$8,218,091$1,345,043$593,853$7,646,592
91$8,985,618$1,340,232$543,028$8,337,076
92$9,829,205$1,332,957$488,274$9,095,758
93$10,756,540$1,323,028$429,387$9,929,548
94$11,776,093$1,310,242$366,157$10,846,063
95$12,897,195$1,294,385$298,365$11,853,695
96$14,130,129$1,275,230$225,779$12,961,691
97$15,486,220$1,252,534$148,161$14,180,242
98$16,977,949$1,226,043$65,259$15,520,577
99$18,619,066$1,195,486$0$16,995,073
100$20,424,723$1,160,577$0$18,618,605