Can I retire at age 65 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$77,129$76,442$75,772$75,117$74,478$73,005
2 years$38,183$37,471$36,782$36,114$35,466$33,987
3 years$25,202$24,488$23,801$23,139$22,501$21,064
4 years$18,713$18,001$17,321$16,670$16,048$14,663
5 years$14,821$14,113$13,442$12,804$12,199$10,871
6 years$12,227$11,525$10,863$10,240$9,653$8,382
7 years$10,375$9,678$9,027$8,419$7,850$6,638
8 years$8,986$8,296$7,656$7,062$6,513$5,358
9 years$7,907$7,223$6,594$6,015$5,485$4,386
10 years$7,044$6,367$5,749$5,185$4,673$3,631
11 years$6,338$5,668$5,061$4,513$4,019$3,031
12 years$5,751$5,087$4,492$3,958$3,483$2,548
13 years$5,254$4,597$4,013$3,495$3,037$2,154
14 years$4,828$4,179$3,606$3,102$2,662$1,830
15 years$4,460$3,818$3,255$2,767$2,344$1,560
16 years$4,138$3,503$2,951$2,477$2,072$1,334
17 years$3,854$3,226$2,686$2,226$1,837$1,144
18 years$3,602$2,981$2,452$2,006$1,633$983
19 years$3,377$2,763$2,244$1,812$1,456$846
20 years$3,174$2,567$2,060$1,641$1,300$730
21 years$2,991$2,391$1,895$1,490$1,164$630
22 years$2,825$2,232$1,746$1,355$1,043$545
23 years$2,674$2,088$1,612$1,234$936$472
24 years$2,535$1,956$1,491$1,125$842$408
25 years$2,408$1,836$1,381$1,028$757$354
26 years$2,291$1,725$1,281$940$682$307
27 years$2,182$1,624$1,189$860$615$267
28 years$2,082$1,530$1,106$788$555$231
29 years$1,988$1,443$1,029$723$501$201
30 years$1,901$1,363$958$663$453$175
31 years$1,820$1,288$894$609$409$152
32 years$1,744$1,219$834$560$370$132
33 years$1,673$1,155$778$515$335$115
34 years$1,606$1,094$727$474$303$100
35 years$1,543$1,038$680$436$275$87
36 years$1,483$985$636$401$249$76
37 years$1,427$936$595$370$226$66
38 years$1,374$889$558$341$205$57
39 years$1,324$846$522$314$186$50
40 years$1,277$804$490$290$168$43
41 years$1,232$766$459$268$153$38
42 years$1,189$729$431$247$139$33
43 years$1,148$695$404$228$126$29
44 years$1,110$662$379$210$114$25
45 years$1,073$632$356$194$104$22
46 years$1,038$603$335$180$94$19
47 years$1,004$575$314$166$85$16
48 years$972$549$295$153$78$14
49 years$941$524$278$142$70$13
50 years$912$501$261$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $934,000, adding $4,845 every year, while hoping to spend $43,390 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: 54/16/30 Blend
64$934,000$934,000$934,000$934,000
65$1,034,266$984,764$970,287$1,081,226
66$1,093,594$986,850$956,625$1,116,379
67$1,157,520$987,585$941,051$1,149,821
68$1,226,466$986,856$923,455$1,185,381
69$1,300,897$984,544$903,722$1,223,280
70$1,381,324$980,522$881,733$1,263,764
71$1,468,309$974,657$857,360$1,307,106
72$1,562,468$966,806$830,473$1,353,608
73$1,664,479$956,819$800,933$1,403,606
74$1,775,088$944,536$768,597$1,457,472
75$1,895,116$929,787$733,314$1,515,619
76$2,025,465$912,393$694,927$1,578,505
77$2,167,125$892,164$653,270$1,646,639
78$2,321,190$868,898$608,173$1,720,581
79$2,488,859$842,382$559,454$1,800,956
80$2,671,454$812,390$506,928$1,888,454
81$2,870,429$778,684$450,396$1,983,839
82$3,087,384$741,010$389,655$2,087,958
83$3,324,080$699,102$324,491$2,201,747
84$3,582,454$652,677$254,680$2,326,243
85$3,864,641$601,435$179,989$2,462,594
86$4,172,990$545,060$100,174$2,612,069
87$4,510,087$483,220$14,981$2,776,072
88$4,878,777$415,560$0$2,956,156
89$5,282,198$341,707$0$3,178,346
90$5,723,799$261,268$0$3,426,929
91$6,207,382$173,826$0$3,699,298
92$6,737,134$78,941$0$3,997,868
93$7,317,662$0$0$4,325,305
94$7,954,045$0$0$4,688,744
95$8,651,873$0$0$5,102,605
96$9,417,305$0$0$5,556,650
97$10,257,124$0$0$6,054,917
98$11,178,801$0$0$6,601,848
99$12,190,565$0$0$7,202,340
100$13,301,482$0$0$7,861,786