Can I retire at age 65 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$74,321$73,659$73,013$72,383$71,767$70,347
2 years$36,793$36,107$35,443$34,799$34,175$32,750
3 years$24,285$23,597$22,934$22,296$21,682$20,297
4 years$18,032$17,346$16,690$16,063$15,464$14,129
5 years$14,281$13,599$12,952$12,338$11,755$10,475
6 years$11,782$11,105$10,467$9,867$9,302$8,077
7 years$9,997$9,326$8,698$8,112$7,565$6,396
8 years$8,659$7,994$7,377$6,805$6,276$5,163
9 years$7,619$6,960$6,354$5,796$5,285$4,227
10 years$6,787$6,135$5,539$4,997$4,503$3,499
11 years$6,108$5,462$4,877$4,348$3,873$2,921
12 years$5,541$4,902$4,328$3,814$3,356$2,456
13 years$5,063$4,430$3,867$3,367$2,927$2,076
14 years$4,653$4,027$3,474$2,989$2,565$1,763
15 years$4,298$3,679$3,137$2,666$2,259$1,503
16 years$3,987$3,375$2,844$2,387$1,996$1,285
17 years$3,714$3,108$2,588$2,145$1,770$1,102
18 years$3,471$2,872$2,362$1,933$1,574$947
19 years$3,254$2,662$2,163$1,746$1,403$815
20 years$3,059$2,474$1,985$1,582$1,253$703
21 years$2,883$2,304$1,826$1,436$1,121$607
22 years$2,722$2,151$1,683$1,305$1,005$525
23 years$2,577$2,012$1,554$1,189$902$454
24 years$2,443$1,885$1,437$1,084$811$394
25 years$2,320$1,769$1,331$990$730$341
26 years$2,207$1,662$1,234$905$657$296
27 years$2,103$1,564$1,146$829$593$257
28 years$2,006$1,474$1,065$759$535$223
29 years$1,916$1,391$991$696$483$194
30 years$1,832$1,313$924$639$436$168
31 years$1,754$1,242$861$587$394$146
32 years$1,680$1,175$803$539$357$127
33 years$1,612$1,113$750$496$323$111
34 years$1,547$1,054$701$456$292$96
35 years$1,487$1,000$655$420$265$84
36 years$1,429$949$613$387$240$73
37 years$1,375$902$574$356$217$63
38 years$1,324$857$537$329$197$55
39 years$1,276$815$503$303$179$48
40 years$1,230$775$472$279$162$42
41 years$1,187$738$442$258$147$36
42 years$1,146$703$415$238$133$32
43 years$1,107$670$389$220$121$28
44 years$1,069$638$366$203$110$24
45 years$1,034$609$343$187$100$21
46 years$1,000$581$322$173$91$18
47 years$968$554$303$160$82$16
48 years$937$529$285$148$75$14
49 years$907$505$267$136$68$12
50 years$879$482$251$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $900,000, adding $4,763 every year, while hoping to spend $56,806 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: 54/21/25 Blend
64$900,000$900,000$900,000$900,000
65$996,713$949,013$935,063$1,043,417
66$1,037,937$935,074$905,947$1,062,174
67$1,081,461$918,547$873,951$1,076,307
68$1,127,461$899,247$838,919$1,090,523
69$1,176,128$876,975$800,688$1,104,849
70$1,227,668$851,523$759,087$1,119,318
71$1,282,311$822,668$713,937$1,133,972
72$1,340,304$790,176$665,051$1,148,857
73$1,401,919$753,799$612,234$1,164,032
74$1,467,453$713,273$555,282$1,179,562
75$1,537,232$668,322$493,983$1,195,526
76$1,611,611$618,651$428,113$1,212,012
77$1,690,980$563,950$357,440$1,229,124
78$1,775,768$503,891$281,721$1,246,983
79$1,866,441$438,127$200,704$1,265,724
80$1,963,514$366,291$114,123$1,285,505
81$2,067,548$287,995$21,703$1,306,504
82$2,179,163$202,832$0$1,328,924
83$2,299,036$110,369$0$1,373,517
84$2,427,909$10,149$0$1,427,534
85$2,566,601$0$0$1,485,560
86$2,716,007$0$0$1,570,733
87$2,877,112$0$0$1,665,170
88$3,050,998$0$0$1,767,168
89$3,238,854$0$0$1,877,432
90$3,441,986$0$0$1,996,738
91$3,661,829$0$0$2,125,940
92$3,899,962$0$0$2,265,974
93$4,158,121$0$0$2,417,873
94$4,438,213$0$0$2,582,769
95$4,742,338$0$0$2,761,910
96$5,072,803$0$0$2,956,668
97$5,432,149$0$0$3,168,553
98$5,823,167$0$0$3,399,224
99$6,248,934$0$0$3,650,509
100$6,712,830$0$0$3,924,420