Can I retire at age 65 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$75,973$75,296$74,636$73,991$73,362$72,385
2 years$37,610$36,910$36,231$35,573$34,934$33,952
3 years$24,824$24,121$23,444$22,792$22,164$21,206
4 years$18,433$17,731$17,061$16,420$15,807$14,882
5 years$14,599$13,902$13,240$12,612$12,017$11,126
6 years$12,044$11,352$10,700$10,086$9,508$8,654
7 years$10,219$9,533$8,892$8,292$7,733$6,914
8 years$8,852$8,172$7,541$6,956$6,415$5,633
9 years$7,788$7,115$6,495$5,925$5,402$4,656
10 years$6,938$6,271$5,662$5,108$4,603$3,892
11 years$6,243$5,583$4,985$4,445$3,959$3,282
12 years$5,664$5,011$4,424$3,899$3,431$2,788
13 years$5,175$4,529$3,953$3,442$2,992$2,382
14 years$4,756$4,116$3,552$3,056$2,622$2,044
15 years$4,393$3,760$3,207$2,725$2,309$1,762
16 years$4,076$3,450$2,907$2,440$2,041$1,524
17 years$3,796$3,177$2,645$2,192$1,809$1,322
18 years$3,548$2,936$2,415$1,976$1,609$1,149
19 years$3,326$2,721$2,211$1,785$1,434$1,001
20 years$3,127$2,529$2,029$1,617$1,281$874
21 years$2,947$2,355$1,866$1,467$1,146$764
22 years$2,783$2,199$1,720$1,334$1,027$668
23 years$2,634$2,056$1,588$1,215$922$586
24 years$2,497$1,927$1,469$1,108$829$514
25 years$2,372$1,808$1,360$1,012$746$451
26 years$2,256$1,699$1,262$925$672$396
27 years$2,150$1,599$1,172$847$606$348
28 years$2,050$1,507$1,089$776$547$306
29 years$1,958$1,422$1,014$712$494$270
30 years$1,873$1,343$944$653$446$237
31 years$1,793$1,269$880$600$403$209
32 years$1,718$1,201$821$551$365$184
33 years$1,648$1,137$767$507$330$162
34 years$1,582$1,078$716$466$299$143
35 years$1,520$1,022$670$429$271$126
36 years$1,461$970$627$395$245$111
37 years$1,406$922$586$364$222$98
38 years$1,354$876$549$336$202$87
39 years$1,305$833$515$310$183$77
40 years$1,258$792$482$286$166$68
41 years$1,213$754$452$264$150$60
42 years$1,171$718$424$243$136$53
43 years$1,131$684$398$224$124$46
44 years$1,093$652$374$207$112$41
45 years$1,057$622$351$191$102$36
46 years$1,022$593$330$177$93$32
47 years$989$566$310$163$84$28
48 years$957$541$291$151$76$25
49 years$927$516$273$140$69$22
50 years$898$493$257$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $920,000, adding $4,517 every year, while hoping to spend $22,941 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: 51/41/8 Blend
64$920,000$920,000$920,000$920,000
65$1,018,499$969,739$955,479$1,068,143
66$1,097,977$992,847$963,079$1,125,552
67$1,184,793$1,016,319$970,164$1,185,082
68$1,279,671$1,040,148$976,693$1,249,253
69$1,383,408$1,064,326$982,624$1,318,506
70$1,496,883$1,088,845$987,908$1,393,326
71$1,621,061$1,113,695$992,500$1,474,250
72$1,757,008$1,138,864$996,347$1,561,865
73$1,905,896$1,164,341$999,398$1,656,821
74$2,069,014$1,190,111$1,001,595$1,759,834
75$2,247,786$1,216,159$1,002,880$1,871,690
76$2,443,775$1,242,466$1,003,192$1,993,256
77$2,658,707$1,269,014$1,002,466$2,125,488
78$2,894,481$1,295,781$1,000,634$2,269,440
79$3,153,188$1,322,744$997,625$2,426,269
80$3,437,132$1,349,878$993,365$2,597,255
81$3,748,852$1,377,154$987,775$2,783,806
82$4,091,143$1,404,542$980,773$2,987,472
83$4,467,084$1,432,010$972,274$3,209,964
84$4,880,069$1,459,521$962,187$3,453,166
85$5,333,835$1,487,036$950,419$3,719,153
86$5,832,499$1,514,513$936,871$4,010,213
87$6,380,596$1,541,907$921,439$4,328,868
88$6,983,125$1,569,169$904,015$4,677,896
89$7,645,591$1,596,245$884,487$5,060,359
90$8,374,059$1,623,079$862,735$5,479,633
91$9,175,212$1,649,609$838,636$5,939,436
92$10,056,414$1,675,770$812,060$6,443,868
93$11,025,776$1,701,490$782,872$6,997,446
94$12,092,236$1,726,695$750,929$7,605,150
95$13,265,643$1,751,302$716,084$8,272,468
96$14,556,848$1,775,224$678,182$9,005,447
97$15,977,806$1,798,370$637,061$9,810,754
98$17,541,690$1,820,638$592,551$10,695,736
99$19,263,017$1,841,924$544,475$11,668,491
100$21,157,779$1,862,112$492,649$12,737,943