Can I retire at age 65 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,312$74,641$73,987$73,348$72,724$70,340
2 years$37,283$36,589$35,916$35,263$34,631$32,251
3 years$24,609$23,911$23,240$22,594$21,971$19,671
4 years$18,273$17,577$16,913$16,277$15,670$13,467
5 years$14,472$13,781$13,125$12,503$11,912$9,813
6 years$11,939$11,253$10,607$9,998$9,426$7,431
7 years$10,130$9,450$8,814$8,220$7,666$5,775
8 years$8,775$8,101$7,475$6,896$6,359$4,572
9 years$7,721$7,053$6,438$5,874$5,355$3,670
10 years$6,878$6,217$5,613$5,063$4,563$2,976
11 years$6,189$5,535$4,942$4,406$3,924$2,433
12 years$5,615$4,968$4,386$3,865$3,401$2,001
13 years$5,130$4,489$3,918$3,412$2,966$1,655
14 years$4,715$4,081$3,521$3,029$2,600$1,374
15 years$4,355$3,728$3,179$2,701$2,289$1,144
16 years$4,041$3,420$2,882$2,419$2,023$956
17 years$3,763$3,150$2,622$2,173$1,794$800
18 years$3,517$2,911$2,394$1,959$1,595$671
19 years$3,297$2,697$2,192$1,770$1,422$564
20 years$3,100$2,507$2,011$1,603$1,270$474
21 years$2,921$2,335$1,850$1,455$1,136$399
22 years$2,759$2,179$1,705$1,323$1,019$336
23 years$2,611$2,038$1,574$1,205$914$284
24 years$2,476$1,910$1,456$1,099$822$239
25 years$2,351$1,792$1,349$1,003$739$202
26 years$2,237$1,684$1,251$917$666$171
27 years$2,131$1,585$1,161$840$601$144
28 years$2,033$1,494$1,080$769$542$122
29 years$1,941$1,409$1,005$705$489$103
30 years$1,856$1,331$936$647$442$87
31 years$1,777$1,258$872$595$400$74
32 years$1,703$1,190$814$547$362$62
33 years$1,633$1,127$760$503$327$53
34 years$1,568$1,068$710$462$296$45
35 years$1,506$1,013$664$426$268$38
36 years$1,448$962$621$392$243$32
37 years$1,394$914$581$361$220$27
38 years$1,342$868$544$333$200$23
39 years$1,293$826$510$307$181$19
40 years$1,247$785$478$283$164$16
41 years$1,203$748$448$261$149$14
42 years$1,161$712$420$241$135$12
43 years$1,121$678$395$223$123$10
44 years$1,084$647$370$205$111$8
45 years$1,048$617$348$190$101$7
46 years$1,013$588$327$175$92$6
47 years$980$561$307$162$83$5
48 years$949$536$288$150$76$4
49 years$919$512$271$138$69$4
50 years$890$489$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $912,000, adding $6,086 every year, while hoping to spend $36,387 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: 55/17/28 Blend
64$912,000$912,000$912,000$912,000
65$1,011,302$962,966$948,830$1,058,785
66$1,075,739$971,436$941,900$1,100,666
67$1,145,529$979,101$933,519$1,141,998
68$1,221,180$985,884$923,599$1,186,281
69$1,303,250$991,702$912,049$1,233,815
70$1,392,353$996,466$898,773$1,284,927
71$1,489,163$1,000,083$883,672$1,339,981
72$1,594,424$1,002,454$866,642$1,399,379
73$1,708,953$1,003,471$847,572$1,463,566
74$1,833,648$1,003,023$826,347$1,533,034
75$1,969,499$1,000,990$802,849$1,608,326
76$2,117,595$997,246$776,951$1,690,044
77$2,279,133$991,655$748,523$1,778,852
78$2,455,434$984,075$717,427$1,875,483
79$2,647,947$974,353$683,520$1,980,751
80$2,858,272$962,331$646,652$2,095,550
81$3,088,167$947,836$606,666$2,220,873
82$3,339,569$930,690$563,399$2,357,813
83$3,614,612$910,700$516,680$2,507,579
84$3,915,642$887,664$466,328$2,671,508
85$4,245,246$861,369$412,159$2,851,074
86$4,606,272$831,586$353,977$3,047,906
87$5,001,855$798,077$291,578$3,263,803
88$5,435,448$760,586$224,750$3,500,752
89$5,910,854$718,846$153,270$3,760,945
90$6,432,263$672,572$76,906$4,046,805
91$7,004,289$621,463$0$4,361,004
92$7,632,013$565,201$0$4,707,863
93$8,321,034$503,451$0$5,113,878
94$9,077,518$435,858$0$5,559,721
95$9,908,256$362,047$0$6,049,443
96$10,820,732$281,621$0$6,587,506
97$11,823,189$194,162$0$7,178,831
98$12,924,706$99,228$0$7,828,844
99$14,135,288$0$0$8,543,522
100$15,465,955$0$0$9,330,141