Can I retire at age 65 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$77,294$76,606$75,934$75,278$74,638$71,904
2 years$38,264$37,552$36,861$36,191$35,542$32,818
3 years$25,256$24,540$23,852$23,188$22,549$19,921
4 years$18,753$18,040$17,358$16,706$16,082$13,570
5 years$14,853$14,143$13,470$12,832$12,226$9,835
6 years$12,253$11,549$10,886$10,262$9,674$7,407
7 years$10,397$9,699$9,046$8,437$7,867$5,724
8 years$9,006$8,314$7,672$7,077$6,527$4,505
9 years$7,924$7,239$6,608$6,028$5,496$3,594
10 years$7,059$6,381$5,761$5,196$4,683$2,896
11 years$6,352$5,680$5,072$4,522$4,028$2,352
12 years$5,763$5,098$4,501$3,967$3,490$1,922
13 years$5,265$4,607$4,021$3,502$3,044$1,578
14 years$4,839$4,188$3,613$3,109$2,668$1,301
15 years$4,470$3,826$3,262$2,772$2,349$1,076
16 years$4,147$3,510$2,958$2,482$2,076$892
17 years$3,862$3,233$2,691$2,230$1,841$742
18 years$3,610$2,987$2,457$2,010$1,637$617
19 years$3,384$2,768$2,249$1,816$1,459$515
20 years$3,181$2,573$2,064$1,645$1,303$429
21 years$2,998$2,396$1,899$1,493$1,166$359
22 years$2,831$2,237$1,750$1,357$1,045$300
23 years$2,680$2,092$1,616$1,236$938$251
24 years$2,541$1,960$1,494$1,128$843$210
25 years$2,413$1,839$1,384$1,030$759$176
26 years$2,296$1,729$1,284$942$684$147
27 years$2,187$1,627$1,192$862$616$124
28 years$2,086$1,533$1,108$790$556$104
29 years$1,993$1,446$1,031$724$502$87
30 years$1,905$1,366$960$665$454$73
31 years$1,824$1,291$895$610$410$61
32 years$1,748$1,222$835$561$371$51
33 years$1,676$1,157$780$516$336$43
34 years$1,609$1,097$729$475$304$36
35 years$1,546$1,040$681$437$275$30
36 years$1,487$987$637$402$250$25
37 years$1,430$938$597$371$226$21
38 years$1,377$891$559$342$205$18
39 years$1,327$847$523$315$186$15
40 years$1,280$806$491$291$169$13
41 years$1,235$767$460$268$153$11
42 years$1,192$731$432$247$139$9
43 years$1,151$696$405$228$126$7
44 years$1,112$664$380$211$114$6
45 years$1,075$633$357$195$104$5
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $936,000, adding $3,297 every year, while hoping to spend $33,113 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: 43/41/16 Blend
64$936,000$936,000$936,000$936,000
65$1,034,873$985,265$970,757$1,074,426
66$1,105,198$998,311$968,045$1,115,590
67$1,181,586$1,010,886$964,133$1,156,626
68$1,264,622$1,022,933$958,945$1,200,376
69$1,354,946$1,034,390$952,402$1,247,104
70$1,453,265$1,045,189$944,422$1,297,104
71$1,560,356$1,055,262$934,919$1,350,697
72$1,677,074$1,064,532$923,801$1,408,244
73$1,804,361$1,072,919$910,973$1,470,139
74$1,943,253$1,080,339$896,338$1,536,821
75$2,094,889$1,086,700$879,789$1,608,773
76$2,260,525$1,091,905$861,219$1,686,531
77$2,441,542$1,095,852$840,514$1,770,686
78$2,639,462$1,098,432$817,554$1,861,893
79$2,855,960$1,099,527$792,214$1,960,876
80$3,092,879$1,099,016$764,365$2,068,432
81$3,352,251$1,096,766$733,870$2,185,447
82$3,636,312$1,092,639$700,585$2,312,895
83$3,947,524$1,086,486$664,363$2,451,857
84$4,288,599$1,078,152$625,047$2,603,524
85$4,662,525$1,067,470$582,475$2,769,212
86$5,072,590$1,054,264$536,476$2,950,378
87$5,522,419$1,038,347$486,872$3,148,629
88$6,016,001$1,019,522$433,478$3,365,740
89$6,557,733$997,578$376,099$3,603,671
90$7,152,457$972,295$314,534$3,864,589
91$7,805,507$943,436$248,569$4,150,885
92$8,522,757$910,753$177,986$4,465,201
93$9,310,682$873,984$102,552$4,810,451
94$10,176,411$832,848$22,026$5,189,855
95$11,127,800$787,053$0$5,606,968
96$12,173,502$736,285$0$6,076,624
97$13,323,052$680,215$0$6,596,964
98$14,586,953$618,496$0$7,169,053
99$15,976,778$550,758$0$7,798,214
100$17,505,277$476,612$0$8,490,323