Can I retire at age 65 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,982$74,314$73,662$73,026$72,405$70,943
2 years$37,120$36,428$35,758$35,109$34,479$33,012
3 years$24,501$23,806$23,138$22,495$21,875$20,449
4 years$18,192$17,500$16,839$16,206$15,601$14,228
5 years$14,408$13,720$13,067$12,448$11,860$10,543
6 years$11,887$11,204$10,560$9,955$9,384$8,125
7 years$10,086$9,409$8,776$8,184$7,632$6,430
8 years$8,736$8,065$7,443$6,866$6,331$5,187
9 years$7,687$7,022$6,410$5,848$5,332$4,244
10 years$6,848$6,190$5,589$5,041$4,543$3,511
11 years$6,162$5,510$4,920$4,387$3,907$2,930
12 years$5,591$4,946$4,366$3,848$3,386$2,461
13 years$5,108$4,470$3,901$3,397$2,953$2,079
14 years$4,694$4,063$3,505$3,016$2,588$1,765
15 years$4,336$3,711$3,165$2,690$2,279$1,503
16 years$4,023$3,405$2,869$2,408$2,014$1,285
17 years$3,747$3,136$2,611$2,164$1,786$1,101
18 years$3,502$2,898$2,383$1,950$1,588$945
19 years$3,283$2,686$2,182$1,762$1,415$813
20 years$3,086$2,496$2,002$1,596$1,264$701
21 years$2,908$2,325$1,842$1,448$1,131$605
22 years$2,747$2,170$1,698$1,317$1,014$522
23 years$2,599$2,029$1,567$1,199$910$452
24 years$2,465$1,901$1,450$1,094$818$391
25 years$2,341$1,784$1,343$999$736$339
26 years$2,227$1,677$1,245$913$663$294
27 years$2,121$1,578$1,156$836$598$255
28 years$2,024$1,487$1,075$766$539$221
29 years$1,933$1,403$1,000$702$487$192
30 years$1,848$1,325$932$645$440$166
31 years$1,769$1,253$869$592$398$145
32 years$1,695$1,185$810$544$360$126
33 years$1,626$1,122$757$500$326$109
34 years$1,561$1,064$707$460$295$95
35 years$1,500$1,009$661$424$267$82
36 years$1,442$958$618$390$242$72
37 years$1,388$910$579$360$219$62
38 years$1,336$864$542$331$199$54
39 years$1,288$822$508$306$180$47
40 years$1,241$782$476$282$164$41
41 years$1,198$744$446$260$148$36
42 years$1,156$709$419$240$135$31
43 years$1,116$676$393$222$122$27
44 years$1,079$644$369$205$111$23
45 years$1,043$614$346$189$101$20
46 years$1,009$586$325$175$91$18
47 years$976$559$306$161$83$15
48 years$945$534$287$149$75$13
49 years$915$510$270$138$68$12
50 years$887$487$254$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $908,000, adding $6,569 every year, while hoping to spend $53,038 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: 27/45/28 Blend
64$908,000$908,000$908,000$908,000
65$1,007,392$959,268$945,194$1,025,682
66$1,053,714$949,840$920,426$1,031,575
67$1,102,983$938,173$893,051$1,032,910
68$1,155,444$924,100$862,924$1,033,266
69$1,211,365$907,446$829,898$1,032,598
70$1,271,038$888,025$793,814$1,030,858
71$1,334,786$865,641$754,509$1,028,004
72$1,402,961$840,083$711,811$1,023,991
73$1,475,948$811,133$665,542$1,018,778
74$1,554,171$778,555$615,514$1,012,327
75$1,638,095$742,102$561,532$1,004,604
76$1,728,229$701,513$503,392$995,576
77$1,825,133$656,512$440,880$985,219
78$1,929,421$606,805$373,773$973,513
79$2,041,766$552,083$301,840$960,445
80$2,162,911$492,020$224,836$946,011
81$2,293,669$426,270$142,508$930,217
82$2,434,933$354,467$54,592$913,080
83$2,587,686$276,226$0$894,630
84$2,753,008$191,139$0$886,634
85$2,932,087$98,777$0$895,602
86$3,126,227$0$0$905,379
87$3,336,865$0$0$916,818
88$3,565,577$0$0$982,474
89$3,814,102$0$0$1,053,950
90$4,084,348$0$0$1,131,810
91$4,378,418$0$0$1,216,679
92$4,698,623$0$0$1,309,242
93$5,047,507$0$0$1,410,252
94$5,427,871$0$0$1,520,541
95$5,842,796$0$0$1,641,021
96$6,295,673$0$0$1,772,701
97$6,790,237$0$0$1,916,687
98$7,330,597$0$0$2,074,200
99$7,921,277$0$0$2,246,583
100$8,567,261$0$0$2,435,314