Can I retire at age 65 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$77,046$76,360$75,690$75,037$74,399$72,075
2 years$38,142$37,431$36,743$36,075$35,428$33,107
3 years$25,175$24,462$23,775$23,114$22,477$20,233
4 years$18,693$17,982$17,302$16,652$16,031$13,880
5 years$14,805$14,098$13,427$12,791$12,186$10,134
6 years$12,214$11,512$10,851$10,229$9,643$7,691
7 years$10,364$9,668$9,017$8,410$7,842$5,992
8 years$8,977$8,287$7,647$7,055$6,506$4,755
9 years$7,898$7,215$6,587$6,009$5,479$3,825
10 years$7,036$6,360$5,742$5,180$4,668$3,110
11 years$6,332$5,662$5,056$4,508$4,015$2,549
12 years$5,745$5,082$4,487$3,954$3,479$2,102
13 years$5,248$4,593$4,009$3,491$3,034$1,743
14 years$4,823$4,175$3,602$3,099$2,659$1,451
15 years$4,455$3,814$3,252$2,764$2,342$1,212
16 years$4,134$3,499$2,948$2,474$2,070$1,015
17 years$3,850$3,222$2,683$2,223$1,835$852
18 years$3,598$2,978$2,449$2,004$1,632$717
19 years$3,373$2,760$2,242$1,810$1,454$604
20 years$3,171$2,564$2,058$1,640$1,299$510
21 years$2,988$2,389$1,893$1,488$1,162$430
22 years$2,822$2,230$1,744$1,353$1,042$364
23 years$2,671$2,085$1,611$1,232$935$308
24 years$2,533$1,954$1,490$1,124$841$261
25 years$2,405$1,834$1,380$1,026$756$221
26 years$2,288$1,723$1,279$938$681$187
27 years$2,180$1,622$1,188$859$614$159
28 years$2,079$1,528$1,105$787$554$134
29 years$1,986$1,442$1,028$722$501$114
30 years$1,899$1,362$957$662$452$97
31 years$1,818$1,287$893$608$409$82
32 years$1,742$1,218$833$559$370$70
33 years$1,671$1,153$778$514$335$59
34 years$1,604$1,093$727$473$303$50
35 years$1,541$1,037$679$435$275$43
36 years$1,482$984$635$401$249$36
37 years$1,426$935$595$370$225$31
38 years$1,373$888$557$341$204$26
39 years$1,323$845$522$314$185$22
40 years$1,276$804$489$290$168$19
41 years$1,231$765$459$267$153$16
42 years$1,188$728$430$247$138$14
43 years$1,147$694$404$228$126$12
44 years$1,109$662$379$210$114$10
45 years$1,072$631$356$194$103$8
46 years$1,037$602$334$179$94$7
47 years$1,003$574$314$166$85$6
48 years$971$548$295$153$77$5
49 years$940$524$277$141$70$4
50 years$911$500$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $933,000, adding $4,094 every year, while hoping to spend $25,089 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: 56/14/30 Blend
64$933,000$933,000$933,000$933,000
65$1,032,389$982,940$968,478$1,081,427
66$1,110,998$1,004,410$974,228$1,137,162
67$1,196,785$1,026,090$979,329$1,194,931
68$1,290,454$1,047,966$983,734$1,257,379
69$1,392,783$1,070,019$987,392$1,324,967
70$1,504,626$1,092,229$990,249$1,398,204
71$1,626,926$1,114,576$992,250$1,477,650
72$1,760,718$1,137,036$993,336$1,563,924
73$1,907,144$1,159,584$993,446$1,657,707
74$2,067,461$1,182,192$992,515$1,759,750
75$2,243,053$1,204,830$990,475$1,870,883
76$2,435,443$1,227,466$987,254$1,992,019
77$2,646,311$1,250,064$982,780$2,124,166
78$2,877,504$1,272,586$976,972$2,268,435
79$3,131,059$1,294,993$969,750$2,426,050
80$3,409,218$1,317,238$961,028$2,598,364
81$3,714,451$1,339,276$950,716$2,786,865
82$4,049,479$1,361,055$938,719$2,993,195
83$4,417,299$1,382,519$924,939$3,219,166
84$4,821,212$1,403,611$909,272$3,466,774
85$5,264,854$1,424,267$891,612$3,738,221
86$5,752,232$1,444,419$871,844$4,035,935
87$6,287,759$1,463,994$849,850$4,362,591
88$6,876,297$1,482,917$825,506$4,721,140
89$7,523,203$1,501,102$798,683$5,114,835
90$8,234,376$1,518,463$769,246$5,547,264
91$9,016,319$1,534,905$737,053$6,022,381
92$9,876,195$1,550,326$701,955$6,544,545
93$10,821,894$1,564,620$663,798$7,118,564
94$11,862,112$1,577,671$622,420$7,749,734
95$13,006,429$1,589,358$577,652$8,443,899
96$14,265,398$1,599,550$529,317$9,207,498
97$15,650,651$1,608,110$477,232$10,047,631
98$17,175,000$1,614,890$421,201$10,972,124
99$18,852,564$1,619,734$361,026$11,989,604
100$20,698,900$1,622,475$296,494$13,109,582