Can I retire at age 65 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$77,377$76,687$76,015$75,359$74,718$72,971
2 years$38,305$37,592$36,900$36,230$35,580$33,830
3 years$25,283$24,567$23,877$23,213$22,573$20,875
4 years$18,773$18,059$17,376$16,724$16,099$14,465
5 years$14,869$14,159$13,485$12,845$12,239$10,674
6 years$12,266$11,562$10,898$10,273$9,684$8,190
7 years$10,408$9,709$9,056$8,446$7,876$6,453
8 years$9,015$8,323$7,680$7,085$6,534$5,181
9 years$7,932$7,246$6,615$6,035$5,502$4,219
10 years$7,067$6,387$5,767$5,202$4,688$3,473
11 years$6,359$5,686$5,077$4,527$4,032$2,883
12 years$5,769$5,104$4,506$3,971$3,494$2,410
13 years$5,271$4,612$4,026$3,506$3,047$2,025
14 years$4,844$4,192$3,617$3,112$2,671$1,709
15 years$4,474$3,830$3,266$2,775$2,352$1,448
16 years$4,151$3,514$2,961$2,485$2,078$1,230
17 years$3,866$3,236$2,694$2,233$1,843$1,048
18 years$3,614$2,990$2,460$2,012$1,639$895
19 years$3,388$2,771$2,252$1,818$1,460$765
20 years$3,185$2,575$2,066$1,647$1,305$655
21 years$3,001$2,399$1,901$1,495$1,167$562
22 years$2,834$2,239$1,752$1,359$1,046$483
23 years$2,682$2,094$1,617$1,238$939$415
24 years$2,543$1,962$1,496$1,129$844$357
25 years$2,416$1,841$1,386$1,031$760$307
26 years$2,298$1,731$1,285$943$684$264
27 years$2,189$1,629$1,193$863$617$228
28 years$2,088$1,535$1,109$790$557$196
29 years$1,995$1,448$1,032$725$503$169
30 years$1,907$1,367$962$665$454$146
31 years$1,826$1,293$896$611$411$126
32 years$1,750$1,223$836$561$371$109
33 years$1,678$1,158$781$516$336$94
34 years$1,611$1,098$730$475$304$81
35 years$1,548$1,041$682$437$276$70
36 years$1,488$988$638$403$250$60
37 years$1,432$939$597$371$226$52
38 years$1,379$892$559$342$205$45
39 years$1,329$848$524$315$186$39
40 years$1,281$807$491$291$169$34
41 years$1,236$768$461$268$153$29
42 years$1,193$732$432$248$139$25
43 years$1,152$697$405$229$126$22
44 years$1,113$664$381$211$114$19
45 years$1,076$634$357$195$104$16
46 years$1,041$604$336$180$94$14
47 years$1,007$577$315$166$86$12
48 years$975$551$296$154$78$10
49 years$944$526$278$142$71$9
50 years$915$502$262$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $937,000, adding $5,356 every year, while hoping to spend $53,398 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: 59/25/16 Blend
64$937,000$937,000$937,000$937,000
65$1,038,099$988,438$973,914$1,094,785
66$1,087,170$980,056$949,725$1,125,342
67$1,139,456$969,474$922,936$1,152,272
68$1,195,230$956,528$893,404$1,180,400
69$1,254,789$941,042$860,978$1,209,849
70$1,318,458$922,834$825,502$1,240,757
71$1,386,595$901,708$786,811$1,273,277
72$1,459,593$877,457$744,734$1,307,584
73$1,537,881$849,861$699,092$1,343,868
74$1,621,930$818,690$649,697$1,382,346
75$1,712,259$783,698$596,353$1,423,257
76$1,809,435$744,625$538,857$1,466,869
77$1,914,083$701,197$476,995$1,513,480
78$2,026,888$653,124$410,542$1,563,424
79$2,148,602$600,099$339,267$1,617,070
80$2,280,053$541,797$262,926$1,674,831
81$2,422,149$477,876$181,264$1,737,167
82$2,575,889$407,972$94,018$1,804,588
83$2,742,371$331,704$908$1,877,662
84$2,922,802$248,667$0$1,957,021
85$3,118,509$158,433$0$2,060,172
86$3,330,952$60,551$0$2,172,347
87$3,561,737$0$0$2,294,307
88$3,812,629$0$0$2,439,573
89$4,085,571$0$0$2,615,796
90$4,382,701$0$0$2,807,706
91$4,706,370$0$0$3,016,832
92$5,059,168$0$0$3,244,855
93$5,443,944$0$0$3,493,626
94$5,863,831$0$0$3,765,182
95$6,322,282$0$0$4,061,766
96$6,823,096$0$0$4,385,846
97$7,370,455$0$0$4,740,140
98$7,968,963$0$0$5,127,641
99$8,623,692$0$0$5,551,643
100$9,340,222$0$0$6,015,775