Can I retire at age 65 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,230$74,559$73,906$73,268$72,644$71,236
2 years$37,242$36,549$35,877$35,225$34,593$33,179
3 years$24,582$23,885$23,214$22,569$21,947$20,573
4 years$18,252$17,558$16,894$16,260$15,653$14,329
5 years$14,456$13,766$13,111$12,489$11,899$10,628
6 years$11,926$11,241$10,595$9,987$9,415$8,200
7 years$10,119$9,440$8,805$8,211$7,657$6,497
8 years$8,765$8,092$7,467$6,888$6,352$5,247
9 years$7,712$7,045$6,431$5,867$5,350$4,298
10 years$6,870$6,210$5,607$5,058$4,558$3,560
11 years$6,182$5,529$4,936$4,402$3,920$2,974
12 years$5,609$4,962$4,381$3,861$3,397$2,502
13 years$5,125$4,484$3,914$3,409$2,962$2,117
14 years$4,710$4,076$3,517$3,026$2,597$1,799
15 years$4,350$3,724$3,175$2,698$2,286$1,534
16 years$4,036$3,416$2,879$2,416$2,021$1,313
17 years$3,759$3,146$2,620$2,171$1,792$1,127
18 years$3,513$2,907$2,391$1,956$1,593$969
19 years$3,294$2,694$2,189$1,768$1,420$835
20 years$3,096$2,504$2,009$1,601$1,268$721
21 years$2,918$2,332$1,848$1,453$1,135$623
22 years$2,756$2,177$1,703$1,321$1,017$539
23 years$2,608$2,036$1,573$1,203$913$467
24 years$2,473$1,908$1,454$1,097$821$405
25 years$2,349$1,790$1,347$1,002$739$351
26 years$2,234$1,683$1,249$916$665$305
27 years$2,128$1,584$1,160$839$600$265
28 years$2,030$1,492$1,078$768$541$230
29 years$1,939$1,408$1,004$705$489$200
30 years$1,854$1,329$935$647$442$174
31 years$1,775$1,257$872$594$399$151
32 years$1,701$1,189$813$546$361$132
33 years$1,631$1,126$759$502$327$115
34 years$1,566$1,067$709$462$296$100
35 years$1,505$1,012$663$425$268$87
36 years$1,447$961$620$392$243$76
37 years$1,392$913$581$361$220$66
38 years$1,341$867$544$333$200$57
39 years$1,292$825$509$307$181$50
40 years$1,245$785$478$283$164$44
41 years$1,202$747$448$261$149$38
42 years$1,160$711$420$241$135$33
43 years$1,120$678$394$222$123$29
44 years$1,082$646$370$205$111$25
45 years$1,046$616$347$190$101$22
46 years$1,012$588$326$175$92$19
47 years$979$561$307$162$83$17
48 years$948$535$288$149$76$15
49 years$918$511$271$138$69$13
50 years$889$488$255$128$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $911,000, adding $3,708 every year, while hoping to spend $33,393 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: 54/29/17 Blend
64$911,000$911,000$911,000$911,000
65$1,007,747$959,464$945,343$1,057,374
66$1,075,007$970,948$941,482$1,103,165
67$1,148,009$981,875$936,373$1,149,117
68$1,227,302$992,183$929,938$1,198,395
69$1,313,493$1,001,806$922,097$1,251,324
70$1,407,246$1,010,672$912,764$1,308,265
71$1,509,296$1,018,705$901,852$1,369,614
72$1,620,447$1,025,825$889,267$1,435,811
73$1,741,588$1,031,946$874,913$1,507,340
74$1,873,695$1,036,976$858,688$1,584,738
75$2,017,842$1,040,818$840,484$1,668,595
76$2,175,213$1,043,369$820,191$1,759,565
77$2,347,109$1,044,519$797,692$1,858,369
78$2,534,965$1,044,151$772,865$1,965,802
79$2,740,358$1,042,141$745,583$2,082,744
80$2,965,026$1,038,357$715,712$2,210,166
81$3,210,883$1,032,661$683,112$2,349,139
82$3,480,034$1,024,903$647,638$2,500,847
83$3,774,801$1,014,927$609,138$2,666,596
84$4,097,739$1,002,565$567,451$2,847,827
85$4,451,659$987,643$522,412$3,046,132
86$4,839,663$969,971$473,847$3,263,268
87$5,265,161$949,352$421,573$3,501,173
88$5,731,914$925,577$365,402$3,761,987
89$6,244,061$898,422$305,135$4,048,072
90$6,806,163$867,653$240,565$4,362,034
91$7,423,243$833,020$171,476$4,706,749
92$8,100,836$794,260$97,642$5,085,390
93$8,845,037$751,093$18,829$5,501,458
94$9,662,560$703,226$0$5,958,816
95$10,560,803$650,347$0$6,473,569
96$11,547,916$592,125$0$7,042,992
97$12,632,877$528,213$0$7,668,901
98$13,825,577$458,241$0$8,357,072
99$15,136,912$381,822$0$9,113,870
100$16,578,890$298,543$0$9,946,314