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%15.5%
1 years$81,918$81,189$80,477$79,782$79,103$77,317
2 years$40,554$39,798$39,066$38,357$37,668$35,878
3 years$26,767$26,009$25,279$24,576$23,898$22,160
4 years$19,875$19,119$18,396$17,705$17,044$15,372
5 years$15,741$14,990$14,276$13,599$12,957$11,354
6 years$12,986$12,240$11,537$10,876$10,252$8,722
7 years$11,019$10,279$9,588$8,941$8,338$6,879
8 years$9,544$8,811$8,131$7,501$6,917$5,530
9 years$8,398$7,672$7,003$6,389$5,825$4,509
10 years$7,481$6,762$6,106$5,507$4,963$3,716
11 years$6,732$6,020$5,375$4,793$4,269$3,089
12 years$6,108$5,403$4,770$4,204$3,699$2,585
13 years$5,580$4,883$4,262$3,712$3,226$2,175
14 years$5,128$4,439$3,829$3,295$2,828$1,838
15 years$4,737$4,055$3,458$2,938$2,490$1,560
16 years$4,395$3,720$3,135$2,631$2,200$1,327
17 years$4,093$3,426$2,852$2,364$1,951$1,132
18 years$3,826$3,166$2,604$2,130$1,735$968
19 years$3,587$2,934$2,384$1,925$1,546$829
20 years$3,371$2,726$2,188$1,743$1,381$711
21 years$3,177$2,540$2,012$1,582$1,236$611
22 years$3,001$2,371$1,855$1,439$1,108$525
23 years$2,840$2,217$1,712$1,310$994$452
24 years$2,693$2,077$1,584$1,195$894$390
25 years$2,558$1,950$1,467$1,091$804$336
26 years$2,433$1,832$1,360$998$725$290
27 years$2,318$1,724$1,263$913$653$250
28 years$2,211$1,625$1,174$837$589$216
29 years$2,112$1,533$1,093$767$532$186
30 years$2,019$1,448$1,018$704$481$161
31 years$1,933$1,368$949$647$435$139
32 years$1,852$1,295$885$594$393$120
33 years$1,777$1,226$827$547$356$104
34 years$1,705$1,162$772$503$322$90
35 years$1,639$1,102$722$463$292$78
36 years$1,576$1,046$676$426$264$67
37 years$1,516$994$632$393$240$58
38 years$1,460$944$592$362$217$50
39 years$1,407$898$555$334$197$44
40 years$1,356$854$520$308$179$38
41 years$1,308$813$488$284$162$33
42 years$1,263$775$457$262$147$28
43 years$1,220$738$429$242$134$24
44 years$1,179$703$403$224$121$21
45 years$1,139$671$378$206$110$18
46 years$1,102$640$355$191$100$16
47 years$1,066$611$334$176$91$14
48 years$1,032$583$314$163$82$12
49 years$1,000$557$295$150$75$10
50 years$969$532$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $992,000, adding $2,525 every year, while hoping to spend $23,056 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: 63/13/24 Blend
64$992,000$992,000$992,000$992,000
65$1,095,789$1,043,213$1,027,837$1,157,765
66$1,183,028$1,069,799$1,037,738$1,226,547
67$1,278,392$1,096,915$1,047,198$1,298,860
68$1,382,687$1,124,562$1,056,178$1,377,329
69$1,496,798$1,152,742$1,064,636$1,462,557
70$1,621,700$1,181,455$1,072,530$1,555,211
71$1,758,467$1,210,700$1,079,813$1,656,027
72$1,908,282$1,240,476$1,086,439$1,765,812
73$2,072,447$1,270,780$1,092,355$1,885,459
74$2,252,397$1,301,608$1,097,509$2,015,949
75$2,449,711$1,332,957$1,101,846$2,158,365
76$2,666,131$1,364,821$1,105,306$2,313,900
77$2,903,571$1,397,192$1,107,829$2,483,868
78$3,164,143$1,430,062$1,109,349$2,669,718
79$3,450,172$1,463,422$1,109,799$2,873,046
80$3,764,220$1,497,260$1,109,107$3,095,611
81$4,109,108$1,531,563$1,107,200$3,339,351
82$4,487,944$1,566,317$1,103,998$3,606,404
83$4,904,152$1,601,504$1,099,420$3,899,123
84$5,361,504$1,637,106$1,093,379$4,220,104
85$5,864,155$1,673,102$1,085,785$4,572,206
86$6,416,684$1,709,469$1,076,544$4,958,582
87$7,024,134$1,746,181$1,065,556$5,382,704
88$7,692,062$1,783,210$1,052,719$5,848,402
89$8,426,589$1,820,525$1,037,922$6,359,894
90$9,234,462$1,858,091$1,021,053$6,921,830
91$10,123,111$1,895,871$1,001,991$7,539,335
92$11,100,724$1,933,824$980,614$8,218,058
93$12,176,322$1,971,907$956,789$8,964,223
94$13,359,847$2,010,070$930,382$9,784,692
95$14,662,250$2,048,262$901,248$10,687,024
96$16,095,598$2,086,425$869,238$11,679,555
97$17,673,188$2,124,499$834,197$12,771,467
98$19,409,672$2,162,418$795,961$13,972,884
99$21,321,192$2,200,110$754,359$15,294,961
100$23,425,536$2,237,499$709,213$16,749,994