Can I retire at age 65 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$82,249$81,516$80,801$80,104$79,422$77,755
2 years$40,717$39,959$39,224$38,511$37,820$36,148
3 years$26,875$26,114$25,380$24,675$23,995$22,370
4 years$19,956$19,196$18,470$17,777$17,113$15,549
5 years$15,805$15,050$14,334$13,654$13,009$11,510
6 years$13,039$12,290$11,584$10,919$10,294$8,860
7 years$11,063$10,321$9,626$8,977$8,372$7,004
8 years$9,583$8,847$8,164$7,531$6,945$5,644
9 years$8,432$7,703$7,032$6,415$5,849$4,612
10 years$7,511$6,790$6,130$5,530$4,983$3,811
11 years$6,759$6,044$5,397$4,812$4,286$3,176
12 years$6,132$5,425$4,790$4,221$3,714$2,665
13 years$5,603$4,903$4,279$3,727$3,239$2,248
14 years$5,149$4,456$3,845$3,308$2,839$1,905
15 years$4,756$4,071$3,471$2,950$2,500$1,621
16 years$4,413$3,735$3,147$2,642$2,209$1,383
17 years$4,110$3,440$2,864$2,373$1,959$1,183
18 years$3,841$3,179$2,614$2,139$1,742$1,015
19 years$3,601$2,946$2,393$1,933$1,552$872
20 years$3,385$2,737$2,197$1,750$1,387$750
21 years$3,190$2,550$2,020$1,589$1,241$646
22 years$3,013$2,380$1,862$1,444$1,112$557
23 years$2,851$2,226$1,719$1,315$998$481
24 years$2,704$2,086$1,590$1,200$897$416
25 years$2,568$1,957$1,473$1,096$808$360
26 years$2,443$1,840$1,366$1,002$727$311
27 years$2,327$1,731$1,268$917$656$269
28 years$2,220$1,631$1,179$840$592$233
29 years$2,120$1,539$1,097$770$534$202
30 years$2,027$1,453$1,022$707$483$175
31 years$1,941$1,374$953$649$437$152
32 years$1,860$1,300$889$597$395$132
33 years$1,784$1,231$830$549$357$114
34 years$1,712$1,167$776$505$324$99
35 years$1,645$1,107$725$465$293$86
36 years$1,582$1,050$678$428$266$75
37 years$1,522$998$635$394$241$65
38 years$1,466$948$595$364$218$56
39 years$1,412$902$557$335$198$49
40 years$1,362$858$522$309$179$42
41 years$1,314$817$490$285$163$37
42 years$1,268$778$459$263$148$32
43 years$1,225$741$431$243$134$28
44 years$1,183$706$404$224$122$24
45 years$1,144$674$380$207$110$21
46 years$1,107$643$357$191$100$18
47 years$1,071$613$335$177$91$16
48 years$1,036$585$315$163$83$14
49 years$1,004$559$296$151$75$12
50 years$972$534$278$140$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $996,000, adding $3,147 every year, while hoping to spend $47,064 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: 41/50/9 Blend
64$996,000$996,000$996,000$996,000
65$1,100,838$1,048,050$1,032,612$1,142,906
66$1,163,048$1,049,329$1,017,129$1,173,942
67$1,230,026$1,049,093$999,550$1,202,554
68$1,302,208$1,047,218$979,754$1,232,456
69$1,380,075$1,043,573$957,618$1,263,783
70$1,464,153$1,038,019$933,008$1,296,689
71$1,555,021$1,030,406$905,788$1,331,344
72$1,653,316$1,020,579$875,815$1,367,941
73$1,759,736$1,008,370$842,937$1,406,694
74$1,875,052$993,603$806,998$1,447,843
75$2,000,109$976,090$767,834$1,491,658
76$2,135,836$955,635$725,272$1,538,439
77$2,283,256$932,026$679,134$1,588,521
78$2,443,494$905,041$629,231$1,642,279
79$2,617,788$874,446$575,368$1,700,130
80$2,807,500$839,991$517,340$1,762,540
81$3,014,126$801,412$454,933$1,830,027
82$3,239,318$758,431$387,923$1,903,171
83$3,484,887$710,754$316,078$1,982,615
84$3,752,833$658,068$239,153$2,069,074
85$4,045,352$600,043$156,895$2,163,346
86$4,364,864$536,332$69,038$2,266,316
87$4,714,034$466,566$0$2,378,971
88$5,095,793$390,355$0$2,504,777
89$5,513,372$307,290$0$2,649,805
90$5,970,324$216,936$0$2,808,798
91$6,470,565$118,833$0$2,983,284
92$7,018,405$12,499$0$3,174,956
93$7,618,592$0$0$3,385,690
94$8,276,354$0$0$3,674,006
95$8,997,449$0$0$3,997,750
96$9,788,218$0$0$4,352,910
97$10,655,645$0$0$4,742,638
98$11,607,425$0$0$5,170,410
99$12,652,031$0$0$5,640,051
100$13,798,797$0$0$6,155,776