Can I retire at age 65 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$82,496$81,762$81,045$80,345$79,662$76,896
2 years$40,840$40,079$39,342$38,627$37,934$35,177
3 years$26,956$26,192$25,457$24,749$24,067$21,404
4 years$20,016$19,254$18,526$17,830$17,165$14,617
5 years$15,852$15,095$14,377$13,695$13,048$10,622
6 years$13,078$12,327$11,619$10,952$10,325$8,022
7 years$11,097$10,352$9,655$9,004$8,397$6,217
8 years$9,612$8,873$8,188$7,554$6,966$4,907
9 years$8,457$7,726$7,053$6,434$5,866$3,927
10 years$7,534$6,810$6,149$5,546$4,998$3,174
11 years$6,779$6,063$5,413$4,827$4,299$2,586
12 years$6,151$5,441$4,804$4,234$3,725$2,121
13 years$5,620$4,917$4,292$3,738$3,248$1,747
14 years$5,164$4,470$3,857$3,318$2,848$1,446
15 years$4,770$4,083$3,482$2,959$2,507$1,200
16 years$4,426$3,746$3,157$2,650$2,216$999
17 years$4,122$3,450$2,873$2,381$1,965$833
18 years$3,853$3,188$2,622$2,145$1,747$696
19 years$3,612$2,955$2,401$1,939$1,557$582
20 years$3,395$2,746$2,203$1,756$1,391$488
21 years$3,200$2,558$2,026$1,593$1,245$409
22 years$3,022$2,387$1,868$1,449$1,116$343
23 years$2,860$2,233$1,725$1,319$1,001$288
24 years$2,712$2,092$1,595$1,203$900$242
25 years$2,576$1,963$1,477$1,099$810$204
26 years$2,450$1,845$1,370$1,005$730$172
27 years$2,334$1,736$1,272$920$658$144
28 years$2,227$1,636$1,183$843$594$122
29 years$2,127$1,544$1,101$773$536$102
30 years$2,034$1,458$1,025$709$484$86
31 years$1,947$1,378$956$651$438$73
32 years$1,865$1,304$892$599$396$61
33 years$1,789$1,235$833$550$358$52
34 years$1,717$1,170$778$507$325$43
35 years$1,650$1,110$727$466$294$37
36 years$1,587$1,054$680$429$266$31
37 years$1,527$1,001$637$396$241$26
38 years$1,470$951$596$365$219$22
39 years$1,417$904$559$336$198$18
40 years$1,366$860$524$310$180$16
41 years$1,318$819$491$286$163$13
42 years$1,272$780$461$264$148$11
43 years$1,228$743$432$244$134$9
44 years$1,187$708$406$225$122$8
45 years$1,147$676$381$208$111$7
46 years$1,110$644$358$192$101$6
47 years$1,074$615$336$177$91$5
48 years$1,040$587$316$164$83$4
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $999,000, adding $5,983 every year, while hoping to spend $28,662 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: 57/13/30 Blend
64$999,000$999,000$999,000$999,000
65$1,107,069$1,054,122$1,038,638$1,160,715
66$1,189,494$1,075,278$1,042,936$1,219,441
67$1,279,366$1,096,510$1,046,418$1,279,939
68$1,377,414$1,117,792$1,049,025$1,345,311
69$1,484,440$1,139,094$1,050,698$1,416,039
70$1,601,329$1,160,385$1,051,372$1,492,653
71$1,729,053$1,181,632$1,050,981$1,575,739
72$1,868,683$1,202,799$1,049,456$1,665,943
73$2,021,398$1,223,846$1,046,722$1,763,978
74$2,188,497$1,244,730$1,042,703$1,870,631
75$2,371,409$1,265,407$1,037,319$1,986,767
76$2,571,707$1,285,827$1,030,484$2,113,342
77$2,791,126$1,305,937$1,022,110$2,251,412
78$3,031,575$1,325,682$1,012,105$2,402,139
79$3,295,156$1,345,000$1,000,370$2,566,805
80$3,584,184$1,363,828$986,805$2,746,824
81$3,901,210$1,382,095$971,303$2,943,756
82$4,249,043$1,399,727$953,751$3,159,320
83$4,630,778$1,416,646$934,034$3,395,414
84$5,049,822$1,432,766$912,028$3,654,129
85$5,509,929$1,447,997$887,607$3,937,772
86$6,015,236$1,462,243$860,636$4,248,884
87$6,570,297$1,475,401$830,975$4,590,272
88$7,180,133$1,487,360$798,477$4,965,027
89$7,850,271$1,498,006$762,991$5,376,558
90$8,586,803$1,507,212$724,355$5,828,626
91$9,396,439$1,514,848$682,403$6,325,375
92$10,286,572$1,520,771$636,960$6,871,377
93$11,265,347$1,524,834$587,843$7,471,670
94$12,341,738$1,526,876$534,861$8,131,811
95$13,525,631$1,526,729$477,815$8,857,925
96$14,827,920$1,524,213$416,496$9,656,766
97$16,260,606$1,519,139$350,688$10,535,780
98$17,836,915$1,511,303$280,162$11,503,175
99$19,571,415$1,500,491$204,682$12,568,000
100$21,480,161$1,486,477$124,001$13,740,232