Can I retire at age 65 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$82,166$81,434$80,720$80,023$79,343$78,909
2 years$40,676$39,919$39,185$38,473$37,782$37,344
3 years$26,848$26,087$25,355$24,650$23,971$23,542
4 years$19,935$19,177$18,452$17,759$17,096$16,681
5 years$15,789$15,035$14,319$13,640$12,996$12,595
6 years$13,025$12,277$11,572$10,908$10,283$9,897
7 years$11,052$10,310$9,617$8,968$8,363$7,992
8 years$9,573$8,838$8,156$7,523$6,938$6,581
9 years$8,423$7,695$7,024$6,408$5,843$5,501
10 years$7,504$6,783$6,124$5,524$4,978$4,651
11 years$6,752$6,038$5,392$4,808$4,282$3,969
12 years$6,126$5,420$4,785$4,217$3,710$3,412
13 years$5,597$4,898$4,275$3,723$3,235$2,951
14 years$5,144$4,452$3,841$3,305$2,836$2,565
15 years$4,751$4,067$3,468$2,947$2,497$2,239
16 years$4,408$3,731$3,144$2,639$2,207$1,962
17 years$4,106$3,436$2,861$2,371$1,957$1,724
18 years$3,837$3,175$2,612$2,137$1,740$1,519
19 years$3,597$2,943$2,391$1,931$1,551$1,342
20 years$3,382$2,735$2,194$1,749$1,385$1,187
21 years$3,187$2,547$2,018$1,587$1,240$1,053
22 years$3,010$2,378$1,860$1,443$1,111$935
23 years$2,849$2,224$1,718$1,314$997$831
24 years$2,701$2,084$1,588$1,199$897$739
25 years$2,565$1,955$1,471$1,095$807$659
26 years$2,440$1,838$1,365$1,001$727$588
27 years$2,325$1,730$1,267$916$655$524
28 years$2,218$1,630$1,178$839$591$468
29 years$2,118$1,537$1,096$770$534$419
30 years$2,025$1,452$1,021$706$482$374
31 years$1,939$1,373$952$649$436$335
32 years$1,858$1,299$888$596$394$300
33 years$1,782$1,230$829$548$357$268
34 years$1,711$1,166$775$504$323$240
35 years$1,644$1,106$724$464$293$215
36 years$1,580$1,049$678$428$265$193
37 years$1,521$997$634$394$240$173
38 years$1,464$947$594$363$218$155
39 years$1,411$901$556$335$198$139
40 years$1,360$857$522$309$179$125
41 years$1,312$816$489$285$163$112
42 years$1,267$777$459$263$148$101
43 years$1,223$740$430$243$134$90
44 years$1,182$706$404$224$122$81
45 years$1,143$673$379$207$110$73
46 years$1,105$642$356$191$100$65
47 years$1,070$613$335$177$91$59
48 years$1,035$585$315$163$83$53
49 years$1,003$558$296$151$75$47
50 years$971$533$278$139$68$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $995,000, adding $3,335 every year, while hoping to spend $30,002 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: 75/13/12 Blend
64$995,000$995,000$995,000$995,000
65$1,099,930$1,047,195$1,031,773$1,179,560
66$1,180,201$1,066,586$1,034,415$1,251,948
67$1,267,654$1,085,921$1,036,141$1,327,166
68$1,362,990$1,105,166$1,036,887$1,408,769
69$1,466,981$1,124,285$1,036,588$1,497,380
70$1,580,475$1,143,237$1,035,175$1,593,688
71$1,704,406$1,161,979$1,032,577$1,698,450
72$1,839,805$1,180,465$1,028,718$1,812,502
73$1,987,803$1,198,646$1,023,518$1,936,762
74$2,149,648$1,216,469$1,016,895$2,072,244
75$2,326,712$1,233,876$1,008,761$2,220,065
76$2,520,508$1,250,806$999,025$2,381,454
77$2,732,699$1,267,196$987,592$2,557,766
78$2,965,120$1,282,973$974,361$2,750,495
79$3,219,788$1,298,065$959,229$2,961,287
80$3,498,928$1,312,392$942,084$3,191,954
81$3,804,988$1,325,868$922,813$3,444,495
82$4,140,665$1,338,404$901,296$3,721,112
83$4,508,929$1,349,902$877,406$4,024,231
84$4,913,053$1,360,260$851,011$4,356,526
85$5,356,639$1,369,368$821,976$4,720,945
86$5,843,659$1,377,110$790,155$5,120,734
87$6,378,486$1,383,362$755,398$5,559,472
88$6,965,936$1,387,991$717,548$6,041,104
89$7,611,316$1,390,857$676,441$6,569,977
90$8,320,473$1,391,812$631,905$7,150,880
91$9,099,848$1,390,697$583,760$7,789,094
92$9,956,535$1,387,344$531,819$8,490,437
93$10,898,352$1,381,575$475,885$9,261,321
94$11,933,912$1,373,200$415,755$10,108,813
95$13,072,702$1,362,018$351,214$11,040,702
96$14,325,177$1,347,816$282,039$12,065,572
97$15,702,855$1,330,369$207,998$13,192,883
98$17,218,427$1,309,437$128,845$14,433,060
99$18,885,873$1,284,767$44,329$15,797,594
100$20,720,601$1,256,089$0$17,299,150