Can I retire at age 65 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,899$74,232$73,581$72,946$72,325$71,215
2 years$37,079$36,388$35,719$35,070$34,441$33,325
3 years$24,474$23,780$23,113$22,470$21,851$20,764
4 years$18,172$17,481$16,820$16,188$15,584$14,535
5 years$14,393$13,705$13,053$12,434$11,847$10,838
6 years$11,873$11,191$10,549$9,944$9,374$8,407
7 years$10,075$9,398$8,766$8,175$7,624$6,698
8 years$8,726$8,056$7,434$6,858$6,324$5,441
9 years$7,678$7,014$6,403$5,841$5,326$4,484
10 years$6,840$6,183$5,582$5,035$4,538$3,737
11 years$6,155$5,504$4,915$4,382$3,903$3,142
12 years$5,584$4,940$4,362$3,844$3,382$2,660
13 years$5,102$4,465$3,897$3,394$2,949$2,265
14 years$4,689$4,058$3,501$3,012$2,585$1,938
15 years$4,331$3,707$3,161$2,687$2,276$1,665
16 years$4,018$3,401$2,866$2,406$2,012$1,435
17 years$3,743$3,132$2,608$2,161$1,784$1,240
18 years$3,498$2,895$2,381$1,948$1,586$1,074
19 years$3,279$2,683$2,180$1,760$1,414$932
20 years$3,083$2,493$2,000$1,594$1,263$810
21 years$2,905$2,322$1,840$1,447$1,130$706
22 years$2,744$2,167$1,696$1,315$1,013$615
23 years$2,597$2,027$1,566$1,198$909$537
24 years$2,462$1,899$1,448$1,093$817$469
25 years$2,338$1,782$1,341$998$735$410
26 years$2,224$1,675$1,244$912$662$359
27 years$2,119$1,577$1,155$835$597$314
28 years$2,022$1,486$1,074$765$539$275
29 years$1,931$1,401$999$702$487$241
30 years$1,846$1,324$931$644$440$212
31 years$1,767$1,251$868$591$398$186
32 years$1,694$1,184$810$544$360$163
33 years$1,624$1,121$756$500$325$143
34 years$1,559$1,063$706$460$295$126
35 years$1,498$1,008$660$423$267$110
36 years$1,441$957$618$390$242$97
37 years$1,386$909$578$359$219$85
38 years$1,335$863$541$331$199$75
39 years$1,286$821$507$305$180$66
40 years$1,240$781$475$282$163$58
41 years$1,196$744$446$260$148$51
42 years$1,155$708$418$240$135$45
43 years$1,115$675$392$221$122$39
44 years$1,078$643$368$204$111$34
45 years$1,042$613$346$189$101$30
46 years$1,008$585$325$174$91$27
47 years$975$558$305$161$83$23
48 years$944$533$287$149$75$21
49 years$914$509$270$138$68$18
50 years$886$486$253$127$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $907,000, adding $5,933 every year, while hoping to spend $28,249 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: 46/25/29 Blend
64$907,000$907,000$907,000$907,000
65$1,005,634$957,563$943,504$1,043,258
66$1,078,152$974,427$945,055$1,087,398
67$1,157,120$991,170$945,711$1,132,081
68$1,243,166$1,007,757$945,412$1,180,027
69$1,336,981$1,024,150$944,096$1,231,558
70$1,439,327$1,040,307$941,697$1,287,029
71$1,551,040$1,056,183$938,145$1,346,831
72$1,673,042$1,071,732$933,369$1,411,399
73$1,806,348$1,086,903$927,292$1,481,210
74$1,952,074$1,101,640$919,836$1,556,793
75$2,111,452$1,115,886$910,916$1,638,730
76$2,285,834$1,129,579$900,446$1,727,667
77$2,476,712$1,142,651$888,334$1,824,314
78$2,685,728$1,155,033$874,484$1,929,457
79$2,914,690$1,166,647$858,797$2,043,961
80$3,165,589$1,177,413$841,168$2,168,784
81$3,440,618$1,187,246$821,486$2,304,982
82$3,742,193$1,196,053$799,637$2,453,721
83$4,072,973$1,203,736$775,502$2,616,289
84$4,435,889$1,210,191$748,953$2,794,104
85$4,834,167$1,215,308$719,861$2,988,736
86$5,271,363$1,218,969$688,088$3,201,914
87$5,751,393$1,221,049$653,489$3,435,548
88$6,278,570$1,221,415$615,915$3,691,744
89$6,857,645$1,219,926$575,210$3,972,827
90$7,493,854$1,216,432$531,209$4,281,363
91$8,192,963$1,210,773$483,740$4,620,182
92$8,961,326$1,202,781$432,626$4,992,407
93$9,805,941$1,192,277$377,679$5,401,482
94$10,734,519$1,179,071$318,704$5,851,208
95$11,755,557$1,162,962$255,496$6,345,779
96$12,878,412$1,143,736$187,844$6,889,819
97$14,113,399$1,121,167$115,525$7,488,430
98$15,471,877$1,095,016$38,307$8,147,239
99$16,966,366$1,065,030$0$8,872,453
100$18,610,659$1,030,939$0$9,684,564