Can I retire at age 65 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$75,477$74,805$74,149$73,509$72,884$72,364
2 years$37,365$36,669$35,995$35,341$34,706$34,182
3 years$24,663$23,964$23,291$22,643$22,019$21,507
4 years$18,313$17,616$16,950$16,313$15,704$15,208
5 years$14,504$13,811$13,154$12,530$11,938$11,459
6 years$11,965$11,278$10,630$10,020$9,446$8,985
7 years$10,153$9,471$8,834$8,238$7,682$7,239
8 years$8,794$8,118$7,492$6,911$6,373$5,948
9 years$7,738$7,069$6,453$5,887$5,367$4,960
10 years$6,893$6,231$5,626$5,074$4,573$4,184
11 years$6,203$5,547$4,953$4,416$3,933$3,561
12 years$5,628$4,978$4,395$3,874$3,408$3,054
13 years$5,141$4,499$3,927$3,420$2,972$2,634
14 years$4,725$4,090$3,528$3,036$2,605$2,284
15 years$4,365$3,736$3,186$2,707$2,294$1,989
16 years$4,049$3,428$2,888$2,424$2,027$1,737
17 years$3,772$3,157$2,628$2,178$1,798$1,523
18 years$3,525$2,917$2,399$1,963$1,598$1,338
19 years$3,305$2,703$2,196$1,774$1,425$1,178
20 years$3,106$2,512$2,016$1,606$1,273$1,040
21 years$2,927$2,340$1,854$1,458$1,139$919
22 years$2,765$2,184$1,709$1,326$1,021$814
23 years$2,617$2,043$1,578$1,207$916$721
24 years$2,481$1,914$1,459$1,101$824$640
25 years$2,356$1,796$1,351$1,006$741$568
26 years$2,242$1,688$1,253$919$668$505
27 years$2,135$1,589$1,164$842$602$450
28 years$2,037$1,497$1,082$771$543$400
29 years$1,946$1,412$1,007$707$490$357
30 years$1,861$1,334$938$649$443$318
31 years$1,781$1,261$874$596$401$283
32 years$1,707$1,193$816$548$362$253
33 years$1,637$1,130$762$504$328$226
34 years$1,571$1,071$712$463$297$201
35 years$1,510$1,016$665$427$269$180
36 years$1,452$964$622$393$244$161
37 years$1,397$916$583$362$221$144
38 years$1,345$870$546$334$200$128
39 years$1,296$827$511$308$182$115
40 years$1,250$787$479$284$165$103
41 years$1,206$749$449$262$149$92
42 years$1,164$714$421$242$136$82
43 years$1,124$680$395$223$123$73
44 years$1,086$648$371$206$112$66
45 years$1,050$618$349$190$101$59
46 years$1,015$590$327$176$92$52
47 years$983$563$308$162$84$47
48 years$951$537$289$150$76$42
49 years$921$513$272$139$69$38
50 years$892$490$255$128$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $914,000, adding $2,304 every year, while hoping to spend $22,599 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: 85/8/7 Blend
64$914,000$914,000$914,000$914,000
65$1,009,605$961,163$946,996$1,094,647
66$1,088,539$984,214$954,675$1,173,531
67$1,174,767$1,007,638$961,854$1,256,857
68$1,269,010$1,031,429$968,492$1,347,683
69$1,372,059$1,055,579$974,547$1,446,749
70$1,484,788$1,080,081$979,973$1,554,868
71$1,608,158$1,104,927$984,724$1,672,937
72$1,743,227$1,130,105$988,749$1,801,943
73$1,891,161$1,155,605$991,997$1,942,972
74$2,053,243$1,181,413$994,412$2,097,223
75$2,230,887$1,207,516$995,938$2,266,013
76$2,425,649$1,233,895$996,513$2,450,795
77$2,639,244$1,260,535$996,075$2,653,169
78$2,873,560$1,287,415$994,557$2,874,898
79$3,130,678$1,314,512$991,890$3,117,923
80$3,412,888$1,341,805$987,999$3,384,384
81$3,722,714$1,369,265$982,808$3,676,636
82$4,062,937$1,396,864$976,238$3,997,275
83$4,436,618$1,424,572$968,204$4,349,162
84$4,847,131$1,452,354$958,617$4,735,447
85$5,298,193$1,480,174$947,385$5,159,602
86$5,793,898$1,507,992$934,412$5,625,451
87$6,338,756$1,535,765$919,595$6,137,210
88$6,937,737$1,563,445$902,830$6,699,521
89$7,596,316$1,590,983$884,004$7,317,500
90$8,320,524$1,618,326$863,002$7,996,784
91$9,117,007$1,645,413$839,702$8,743,586
92$9,993,087$1,672,183$813,977$9,564,748
93$10,956,830$1,698,568$785,693$10,467,812
94$12,017,125$1,724,497$754,713$11,461,087
95$13,183,765$1,749,890$720,889$12,553,731
96$14,467,541$1,774,667$684,070$13,755,832
97$15,880,341$1,798,736$644,098$15,078,509
98$17,435,266$1,822,005$600,805$16,534,012
99$19,146,750$1,844,369$554,019$18,135,841
100$21,030,697$1,865,723$503,557$19,898,872