Can I retire at age 65 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$75,064$74,396$73,743$73,107$72,485$70,704
2 years$37,161$36,468$35,798$35,147$34,517$32,733
3 years$24,528$23,833$23,164$22,519$21,899$20,169
4 years$18,212$17,519$16,857$16,224$15,618$13,955
5 years$14,424$13,735$13,082$12,462$11,873$10,281
6 years$11,900$11,216$10,572$9,966$9,395$7,876
7 years$10,097$9,419$8,785$8,193$7,640$6,195
8 years$8,746$8,074$7,451$6,873$6,338$4,965
9 years$7,695$7,030$6,417$5,854$5,338$4,036
10 years$6,855$6,196$5,595$5,047$4,548$3,316
11 years$6,169$5,516$4,926$4,392$3,912$2,748
12 years$5,597$4,951$4,371$3,852$3,390$2,292
13 years$5,113$4,474$3,905$3,401$2,956$1,922
14 years$4,699$4,067$3,509$3,019$2,591$1,619
15 years$4,341$3,715$3,168$2,692$2,281$1,369
16 years$4,027$3,409$2,872$2,411$2,016$1,161
17 years$3,751$3,139$2,614$2,166$1,788$986
18 years$3,506$2,901$2,386$1,952$1,590$840
19 years$3,286$2,689$2,184$1,764$1,417$717
20 years$3,089$2,498$2,005$1,598$1,266$613
21 years$2,911$2,327$1,844$1,450$1,133$524
22 years$2,750$2,172$1,699$1,318$1,015$449
23 years$2,602$2,032$1,569$1,201$911$385
24 years$2,467$1,904$1,451$1,095$819$330
25 years$2,344$1,786$1,344$1,000$737$284
26 years$2,229$1,679$1,247$914$664$244
27 years$2,124$1,580$1,158$837$599$209
28 years$2,026$1,489$1,076$767$540$180
29 years$1,935$1,405$1,001$703$488$155
30 years$1,850$1,326$933$645$441$133
31 years$1,771$1,254$870$593$398$115
32 years$1,697$1,187$811$545$360$99
33 years$1,628$1,124$758$501$326$85
34 years$1,563$1,065$708$461$295$73
35 years$1,501$1,010$662$424$267$63
36 years$1,444$959$619$391$242$54
37 years$1,389$911$579$360$220$47
38 years$1,338$865$543$332$199$40
39 years$1,289$823$508$306$181$35
40 years$1,243$783$476$282$164$30
41 years$1,199$745$447$260$149$26
42 years$1,157$710$419$240$135$22
43 years$1,118$676$393$222$122$19
44 years$1,080$645$369$205$111$17
45 years$1,044$615$347$189$101$14
46 years$1,010$586$326$175$92$12
47 years$977$560$306$161$83$11
48 years$946$534$287$149$75$9
49 years$916$510$270$138$69$8
50 years$888$487$254$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $909,000, adding $3,165 every year, while hoping to spend $25,602 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: 78/14/8 Blend
64$909,000$909,000$909,000$909,000
65$1,004,983$956,806$942,716$1,082,012
66$1,080,251$976,449$947,057$1,152,671
67$1,162,338$996,196$950,685$1,226,507
68$1,251,913$1,016,027$953,549$1,306,730
69$1,349,711$1,035,915$955,597$1,393,965
70$1,456,544$1,055,837$956,771$1,488,900
71$1,573,302$1,075,763$957,013$1,592,294
72$1,700,967$1,095,664$956,262$1,704,979
73$1,840,620$1,115,507$954,451$1,827,876
74$1,993,452$1,135,255$951,514$1,961,997
75$2,160,773$1,154,872$947,379$2,108,456
76$2,344,027$1,174,315$941,970$2,268,483
77$2,544,802$1,193,541$935,211$2,443,430
78$2,764,849$1,212,502$927,018$2,634,789
79$3,006,096$1,231,147$917,306$2,844,202
80$3,270,667$1,249,422$905,984$3,073,478
81$3,560,899$1,267,267$892,958$3,324,612
82$3,879,368$1,284,621$878,130$3,599,799
83$4,228,911$1,301,416$861,396$3,901,461
84$4,612,655$1,317,579$842,647$4,232,265
85$5,034,040$1,333,036$821,770$4,595,149
86$5,496,860$1,347,702$798,647$4,993,350
87$6,005,293$1,361,492$773,154$5,430,438
88$6,563,939$1,374,312$745,162$5,910,343
89$7,177,870$1,386,062$714,534$6,437,398
90$7,852,670$1,396,637$681,128$7,016,376
91$8,594,494$1,405,924$644,798$7,652,540
92$9,410,121$1,413,802$605,387$8,351,684
93$10,307,020$1,420,145$562,734$9,120,199
94$11,293,420$1,424,816$516,670$9,965,123
95$12,378,388$1,427,672$467,017$10,894,215
96$13,571,914$1,428,558$413,592$11,916,022
97$14,885,004$1,427,311$356,202$13,039,967
98$16,329,784$1,423,760$294,645$14,276,432
99$17,919,617$1,417,719$228,711$15,636,856
100$19,669,225$1,408,995$158,180$17,133,850