Can I retire at age 65 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$75,725$75,050$74,392$73,750$73,123$72,119
2 years$37,488$36,789$36,113$35,457$34,820$33,811
3 years$24,743$24,042$23,367$22,717$22,092$21,108
4 years$18,373$17,674$17,005$16,367$15,756$14,806
5 years$14,551$13,856$13,197$12,571$11,977$11,063
6 years$12,004$11,315$10,665$10,053$9,477$8,600
7 years$10,186$9,502$8,863$8,265$7,708$6,868
8 years$8,823$8,145$7,516$6,934$6,394$5,592
9 years$7,763$7,092$6,474$5,906$5,385$4,619
10 years$6,916$6,251$5,644$5,091$4,588$3,859
11 years$6,223$5,565$4,969$4,431$3,946$3,252
12 years$5,646$4,995$4,410$3,886$3,419$2,761
13 years$5,158$4,514$3,940$3,431$2,982$2,357
14 years$4,741$4,103$3,540$3,046$2,614$2,022
15 years$4,379$3,748$3,196$2,716$2,301$1,741
16 years$4,063$3,439$2,898$2,432$2,034$1,505
17 years$3,784$3,167$2,637$2,185$1,804$1,304
18 years$3,537$2,926$2,407$1,969$1,604$1,133
19 years$3,315$2,712$2,204$1,779$1,429$986
20 years$3,117$2,520$2,022$1,612$1,277$860
21 years$2,937$2,348$1,860$1,463$1,143$751
22 years$2,774$2,191$1,714$1,330$1,024$657
23 years$2,625$2,050$1,583$1,211$919$575
24 years$2,489$1,920$1,464$1,105$826$504
25 years$2,364$1,802$1,356$1,009$744$442
26 years$2,249$1,694$1,258$922$670$388
27 years$2,142$1,594$1,168$844$604$341
28 years$2,044$1,502$1,086$774$545$300
29 years$1,952$1,417$1,010$709$492$264
30 years$1,867$1,338$941$651$445$232
31 years$1,787$1,265$877$598$402$204
32 years$1,712$1,197$818$549$364$180
33 years$1,642$1,134$764$505$329$158
34 years$1,576$1,074$714$465$298$139
35 years$1,515$1,019$668$428$270$123
36 years$1,456$967$625$394$244$108
37 years$1,401$919$585$363$222$95
38 years$1,349$873$547$335$201$84
39 years$1,300$830$513$309$182$74
40 years$1,254$790$481$285$165$65
41 years$1,209$752$451$263$150$58
42 years$1,167$716$423$242$136$51
43 years$1,128$682$397$224$123$45
44 years$1,090$650$372$207$112$40
45 years$1,053$620$350$191$102$35
46 years$1,019$592$328$176$92$31
47 years$986$565$309$163$84$27
48 years$954$539$290$150$76$24
49 years$924$515$273$139$69$21
50 years$895$492$256$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $917,000, adding $4,024 every year, while hoping to spend $23,501 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: 41/41/18 Blend
64$917,000$917,000$917,000$917,000
65$1,014,685$966,084$951,870$1,050,752
66$1,093,178$988,417$958,753$1,099,083
67$1,178,889$1,011,057$965,079$1,148,777
68$1,272,531$1,033,994$970,804$1,202,071
69$1,374,886$1,057,216$975,883$1,259,307
70$1,486,817$1,080,712$980,267$1,320,860
71$1,609,273$1,104,468$983,907$1,387,142
72$1,743,300$1,128,468$986,749$1,458,612
73$1,890,049$1,152,695$988,737$1,535,770
74$2,050,788$1,177,131$989,814$1,619,171
75$2,226,912$1,201,755$989,917$1,709,426
76$2,419,960$1,226,543$988,982$1,807,207
77$2,631,625$1,251,473$986,941$1,913,257
78$2,863,771$1,276,516$983,725$2,028,393
79$3,118,454$1,301,644$979,258$2,153,518
80$3,397,936$1,326,824$973,463$2,289,625
81$3,704,709$1,352,021$966,257$2,437,810
82$4,041,519$1,377,200$957,556$2,599,283
83$4,411,389$1,402,318$947,270$2,775,376
84$4,817,652$1,427,333$935,304$2,967,556
85$5,263,977$1,452,196$921,561$3,177,446
86$5,754,407$1,476,859$905,938$3,406,829
87$6,293,397$1,501,265$888,327$3,657,675
88$6,885,852$1,525,356$868,616$3,932,156
89$7,537,180$1,549,070$846,685$4,232,664
90$8,253,336$1,572,338$822,413$4,561,839
91$9,040,882$1,595,088$795,669$4,922,590
92$9,907,047$1,617,242$766,319$5,318,125
93$10,859,797$1,638,718$734,222$5,751,982
94$11,907,908$1,659,427$699,230$6,228,060
95$13,061,049$1,679,273$661,188$6,750,659
96$14,329,874$1,698,156$619,936$7,324,518
97$15,726,122$1,715,966$575,305$7,954,864
98$17,262,728$1,732,589$527,119$8,647,458
99$18,953,942$1,747,902$475,193$9,408,653
100$20,815,468$1,761,774$419,336$10,245,452