Can I retire at age 65 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,386$75,705$75,041$74,393$73,761$72,689
2 years$37,815$37,110$36,428$35,766$35,124$34,046
3 years$24,959$24,252$23,571$22,916$22,284$21,234
4 years$18,533$17,828$17,154$16,509$15,893$14,879
5 years$14,678$13,977$13,312$12,681$12,082$11,106
6 years$12,109$11,413$10,758$10,141$9,560$8,624
7 years$10,275$9,585$8,940$8,337$7,775$6,879
8 years$8,900$8,216$7,582$6,994$6,450$5,595
9 years$7,831$7,154$6,530$5,957$5,432$4,616
10 years$6,976$6,306$5,693$5,135$4,628$3,852
11 years$6,277$5,613$5,012$4,469$3,980$3,242
12 years$5,695$5,038$4,448$3,920$3,449$2,748
13 years$5,203$4,553$3,974$3,461$3,008$2,343
14 years$4,782$4,139$3,571$3,072$2,637$2,008
15 years$4,417$3,781$3,224$2,740$2,322$1,727
16 years$4,098$3,469$2,923$2,453$2,052$1,490
17 years$3,817$3,195$2,660$2,204$1,819$1,290
18 years$3,567$2,952$2,428$1,986$1,618$1,119
19 years$3,344$2,736$2,223$1,795$1,442$973
20 years$3,144$2,542$2,040$1,626$1,288$847
21 years$2,963$2,368$1,876$1,475$1,152$739
22 years$2,798$2,211$1,729$1,341$1,033$645
23 years$2,648$2,067$1,597$1,222$927$564
24 years$2,511$1,937$1,477$1,114$833$493
25 years$2,385$1,818$1,368$1,018$750$432
26 years$2,269$1,708$1,269$930$676$379
27 years$2,161$1,608$1,178$852$609$332
28 years$2,062$1,515$1,095$780$550$291
29 years$1,969$1,429$1,019$716$496$256
30 years$1,883$1,350$949$657$448$225
31 years$1,802$1,276$885$603$405$198
32 years$1,727$1,207$826$554$367$174
33 years$1,657$1,143$771$510$332$153
34 years$1,590$1,084$720$469$300$134
35 years$1,528$1,028$673$432$272$118
36 years$1,469$976$630$398$247$104
37 years$1,414$927$590$366$223$91
38 years$1,361$881$552$338$203$80
39 years$1,312$837$517$311$184$71
40 years$1,265$797$485$287$167$62
41 years$1,220$758$455$265$151$55
42 years$1,178$722$426$245$137$48
43 years$1,137$688$400$226$125$43
44 years$1,099$656$376$208$113$37
45 years$1,062$626$353$192$103$33
46 years$1,028$597$331$178$93$29
47 years$994$569$311$164$85$26
48 years$963$544$292$152$77$23
49 years$932$519$275$140$70$20
50 years$903$496$258$130$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $925,000, adding $2,740 every year, while hoping to spend $39,907 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: 42/50/8 Blend
64$925,000$925,000$925,000$925,000
65$1,022,176$973,151$958,814$1,062,599
66$1,083,978$978,375$948,473$1,096,259
67$1,150,745$982,517$936,449$1,128,433
68$1,222,943$985,483$922,642$1,162,360
69$1,301,082$987,170$906,950$1,198,213
70$1,385,724$987,473$889,263$1,236,188
71$1,477,484$986,276$869,471$1,276,500
72$1,577,043$983,458$847,453$1,319,391
73$1,685,145$978,892$823,087$1,365,128
74$1,802,612$972,439$796,242$1,414,009
75$1,930,347$963,957$766,784$1,466,365
76$2,069,342$953,291$734,571$1,522,564
77$2,220,691$940,278$699,455$1,583,013
78$2,385,596$924,746$661,282$1,648,167
79$2,565,381$906,513$619,889$1,718,529
80$2,761,502$885,384$575,108$1,794,657
81$2,975,563$861,156$526,761$1,877,173
82$3,209,328$833,610$474,666$1,966,763
83$3,464,740$802,518$418,628$2,064,191
84$3,743,939$767,637$358,447$2,170,302
85$4,049,278$728,708$293,912$2,286,035
86$4,383,351$685,461$224,805$2,412,430
87$4,749,012$637,608$150,895$2,550,637
88$5,149,405$584,845$71,944$2,701,932
89$5,587,992$526,850$0$2,867,730
90$6,068,586$463,284$0$3,050,645
91$6,595,384$393,787$0$3,257,982
92$7,173,012$317,981$0$3,485,534
93$7,806,561$235,465$0$3,735,449
94$8,501,643$145,816$0$4,010,100
95$9,264,436$48,586$0$4,312,114
96$10,101,746$0$0$4,644,392
97$11,021,071$0$0$5,041,339
98$12,030,668$0$0$5,506,741
99$13,139,635$0$0$6,018,078
100$14,357,996$0$0$6,579,984