Can I retire at age 65 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$75,147$74,478$73,825$73,187$72,565$71,777
2 years$37,201$36,509$35,837$35,186$34,555$33,762
3 years$24,555$23,859$23,189$22,544$21,923$21,149
4 years$18,232$17,539$16,876$16,242$15,636$14,887
5 years$14,440$13,751$13,096$12,475$11,886$11,165
6 years$11,913$11,228$10,584$9,977$9,405$8,712
7 years$10,108$9,430$8,795$8,202$7,649$6,984
8 years$8,755$8,083$7,459$6,881$6,345$5,709
9 years$7,704$7,038$6,424$5,861$5,344$4,736
10 years$6,863$6,203$5,601$5,052$4,553$3,973
11 years$6,175$5,522$4,931$4,397$3,916$3,363
12 years$5,603$4,957$4,376$3,857$3,393$2,867
13 years$5,119$4,479$3,910$3,405$2,959$2,459
14 years$4,704$4,072$3,513$3,022$2,594$2,120
15 years$4,345$3,719$3,172$2,695$2,284$1,834
16 years$4,032$3,413$2,876$2,413$2,019$1,593
17 years$3,755$3,143$2,617$2,168$1,790$1,387
18 years$3,510$2,904$2,389$1,954$1,591$1,211
19 years$3,290$2,692$2,187$1,766$1,418$1,060
20 years$3,093$2,501$2,007$1,599$1,267$929
21 years$2,915$2,330$1,846$1,451$1,134$816
22 years$2,753$2,175$1,701$1,320$1,016$717
23 years$2,605$2,034$1,571$1,202$912$631
24 years$2,470$1,906$1,453$1,096$820$556
25 years$2,346$1,788$1,346$1,001$738$491
26 years$2,232$1,681$1,248$915$665$433
27 years$2,126$1,582$1,159$838$599$383
28 years$2,028$1,491$1,077$768$541$338
29 years$1,937$1,406$1,003$704$488$299
30 years$1,852$1,328$934$646$441$265
31 years$1,773$1,255$871$593$399$234
32 years$1,699$1,188$812$545$361$207
33 years$1,630$1,125$758$501$326$184
34 years$1,564$1,066$709$461$296$163
35 years$1,503$1,011$662$425$268$144
36 years$1,445$960$620$391$243$128
37 years$1,391$912$580$360$220$113
38 years$1,339$866$543$332$199$101
39 years$1,290$824$509$306$181$89
40 years$1,244$784$477$283$164$79
41 years$1,200$746$447$261$149$70
42 years$1,159$711$420$241$135$62
43 years$1,119$677$394$222$122$55
44 years$1,081$645$370$205$111$49
45 years$1,045$615$347$189$101$44
46 years$1,011$587$326$175$92$39
47 years$978$560$306$162$83$34
48 years$947$535$288$149$76$30
49 years$917$511$270$138$69$27
50 years$888$488$254$128$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $910,000, adding $5,165 every year, while hoping to spend $44,670 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: 68/23/9 Blend
64$910,000$910,000$910,000$910,000
65$1,008,148$959,918$945,813$1,074,594
66$1,063,450$959,425$929,969$1,118,864
67$1,122,896$957,411$912,097$1,161,388
68$1,186,862$953,754$892,082$1,206,706
69$1,255,759$948,325$869,804$1,255,086
70$1,330,040$940,987$845,137$1,306,822
71$1,410,203$931,595$817,948$1,362,240
72$1,496,795$919,994$788,100$1,421,699
73$1,590,415$906,021$755,448$1,485,597
74$1,691,725$889,503$719,843$1,554,373
75$1,801,449$870,257$681,126$1,628,512
76$1,920,386$848,089$639,133$1,708,549
77$2,049,414$822,793$593,692$1,795,078
78$2,189,496$794,152$544,623$1,888,752
79$2,341,694$761,935$491,737$1,990,293
80$2,507,176$725,899$434,840$2,100,499
81$2,687,226$685,786$373,725$2,220,252
82$2,883,257$641,323$308,179$2,350,525
83$3,096,824$592,223$237,977$2,492,393
84$3,329,638$538,181$162,888$2,647,043
85$3,583,583$478,873$82,667$2,815,788
86$3,860,732$413,961$0$3,000,073
87$4,163,366$343,084$0$3,201,782
88$4,493,997$265,863$0$3,430,885
89$4,855,390$181,896$0$3,681,412
90$5,250,590$90,759$0$3,955,542
91$5,682,949$0$0$4,255,678
92$6,156,157$0$0$4,586,497
93$6,674,280$0$0$4,973,917
94$7,241,792$0$0$5,398,321
95$7,863,623$0$0$5,863,402
96$8,545,200$0$0$6,373,226
97$9,292,502$0$0$6,932,273
98$10,112,113$0$0$7,545,475
99$11,011,286$0$0$8,218,267
100$11,998,007$0$0$8,956,632