Can I retire at age 65 with 903,000?

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 $903,000?

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$74,569$73,905$73,257$72,624$72,006$70,581
2 years$36,915$36,228$35,561$34,915$34,289$32,859
3 years$24,366$23,675$23,011$22,371$21,754$20,365
4 years$18,092$17,404$16,746$16,117$15,515$14,176
5 years$14,329$13,645$12,995$12,379$11,794$10,510
6 years$11,821$11,142$10,502$9,900$9,333$8,104
7 years$10,030$9,357$8,727$8,139$7,590$6,417
8 years$8,688$8,021$7,402$6,828$6,297$5,180
9 years$7,644$6,983$6,375$5,816$5,303$4,241
10 years$6,810$6,156$5,558$5,013$4,518$3,510
11 years$6,128$5,480$4,893$4,363$3,886$2,931
12 years$5,560$4,919$4,342$3,827$3,367$2,464
13 years$5,080$4,445$3,880$3,379$2,936$2,083
14 years$4,668$4,040$3,486$2,999$2,574$1,769
15 years$4,312$3,691$3,147$2,675$2,266$1,508
16 years$4,001$3,386$2,854$2,395$2,003$1,290
17 years$3,726$3,119$2,597$2,152$1,776$1,106
18 years$3,483$2,882$2,370$1,939$1,579$950
19 years$3,265$2,671$2,170$1,752$1,408$818
20 years$3,069$2,482$1,991$1,587$1,257$706
21 years$2,892$2,312$1,832$1,440$1,125$609
22 years$2,732$2,158$1,688$1,310$1,008$527
23 years$2,585$2,018$1,559$1,193$905$456
24 years$2,451$1,891$1,442$1,088$814$395
25 years$2,328$1,775$1,335$993$732$342
26 years$2,215$1,668$1,238$908$660$297
27 years$2,110$1,570$1,150$831$595$258
28 years$2,013$1,479$1,069$762$537$224
29 years$1,922$1,395$995$699$484$194
30 years$1,838$1,318$927$641$438$169
31 years$1,760$1,246$864$589$396$147
32 years$1,686$1,179$806$541$358$128
33 years$1,617$1,116$753$498$324$111
34 years$1,552$1,058$703$458$293$97
35 years$1,492$1,003$657$421$266$84
36 years$1,434$952$615$388$241$73
37 years$1,380$905$576$358$218$64
38 years$1,329$860$539$330$198$55
39 years$1,280$817$505$304$179$48
40 years$1,235$778$473$280$163$42
41 years$1,191$740$444$259$148$37
42 years$1,150$705$416$239$134$32
43 years$1,110$672$391$220$122$28
44 years$1,073$640$367$203$110$24
45 years$1,037$611$344$188$100$21
46 years$1,003$583$323$174$91$18
47 years$971$556$304$160$83$16
48 years$940$531$286$148$75$14
49 years$910$507$268$137$68$12
50 years$882$484$252$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $903,000, adding $4,522 every year, while hoping to spend $21,169 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: 64/8/28 Blend
64$903,000$903,000$903,000$903,000
65$999,770$951,911$937,915$1,056,050
66$1,079,223$976,031$946,811$1,118,821
67$1,166,071$1,000,624$955,296$1,184,648
68$1,261,045$1,025,689$963,334$1,256,119
69$1,364,952$1,051,228$970,886$1,333,790
70$1,478,679$1,077,240$977,912$1,418,276
71$1,603,202$1,103,723$984,370$1,510,255
72$1,739,598$1,130,675$990,216$1,610,471
73$1,889,052$1,158,093$995,404$1,719,747
74$2,052,869$1,185,973$999,883$1,838,989
75$2,232,486$1,214,310$1,003,604$1,969,196
76$2,429,486$1,243,098$1,006,511$2,111,466
77$2,645,613$1,272,329$1,008,548$2,267,015
78$2,882,786$1,301,994$1,009,655$2,437,177
79$3,143,122$1,332,083$1,009,770$2,623,426
80$3,428,950$1,362,585$1,008,827$2,827,385
81$3,742,838$1,393,486$1,006,757$3,050,844
82$4,087,612$1,424,771$1,003,488$3,295,774
83$4,466,388$1,456,425$998,944$3,564,350
84$4,882,596$1,488,427$993,046$3,858,967
85$5,340,019$1,520,757$985,711$4,182,266
86$5,842,819$1,553,392$976,850$4,537,156
87$6,395,585$1,586,308$966,374$4,926,845
88$7,003,373$1,619,475$954,186$5,354,870
89$7,671,752$1,652,864$940,186$5,825,125
90$8,406,858$1,686,441$924,269$6,341,905
91$9,215,450$1,720,170$906,325$6,909,945
92$10,104,979$1,754,011$886,239$7,534,460
93$11,083,650$1,787,921$863,892$8,221,201
94$12,160,507$1,821,853$839,156$8,976,505
95$13,345,512$1,855,758$811,902$9,807,357
96$14,649,644$1,889,579$781,990$10,721,454
97$16,084,998$1,923,259$749,277$11,727,282
98$17,664,902$1,956,734$713,613$12,834,192
99$19,404,043$1,989,934$674,840$14,052,489
100$21,318,602$2,022,788$632,793$15,393,534