Can I retire at age 65 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$77,789$77,097$76,421$75,761$75,116$74,363
2 years$38,510$37,792$37,097$36,423$35,770$35,011
3 years$25,418$24,698$24,004$23,337$22,694$21,953
4 years$18,874$18,155$17,469$16,813$16,185$15,468
5 years$14,948$14,234$13,557$12,914$12,304$11,613
6 years$12,332$11,623$10,956$10,327$9,736$9,071
7 years$10,464$9,761$9,104$8,491$7,918$7,280
8 years$9,063$8,367$7,721$7,123$6,568$5,958
9 years$7,975$7,285$6,650$6,067$5,532$4,948
10 years$7,104$6,421$5,798$5,230$4,713$4,156
11 years$6,393$5,717$5,104$4,551$4,054$3,523
12 years$5,800$5,131$4,530$3,992$3,513$3,007
13 years$5,299$4,637$4,047$3,525$3,063$2,583
14 years$4,870$4,215$3,636$3,129$2,685$2,229
15 years$4,498$3,850$3,283$2,790$2,364$1,931
16 years$4,173$3,533$2,977$2,498$2,089$1,680
17 years$3,887$3,253$2,709$2,245$1,853$1,465
18 years$3,633$3,006$2,473$2,023$1,647$1,281
19 years$3,406$2,786$2,264$1,828$1,468$1,122
20 years$3,202$2,589$2,077$1,656$1,312$985
21 years$3,017$2,412$1,911$1,503$1,174$866
22 years$2,850$2,251$1,761$1,366$1,052$763
23 years$2,697$2,105$1,626$1,244$944$673
24 years$2,557$1,973$1,504$1,135$849$594
25 years$2,429$1,851$1,393$1,036$764$524
26 years$2,310$1,740$1,292$948$688$464
27 years$2,201$1,637$1,200$867$620$410
28 years$2,100$1,543$1,115$795$560$363
29 years$2,005$1,456$1,038$729$505$322
30 years$1,918$1,375$967$669$457$285
31 years$1,836$1,299$901$614$413$253
32 years$1,759$1,230$841$564$373$224
33 years$1,687$1,164$785$519$338$199
34 years$1,619$1,104$734$478$306$177
35 years$1,556$1,047$686$440$277$157
36 years$1,496$994$642$405$251$139
37 years$1,440$944$600$373$228$124
38 years$1,386$897$562$344$206$110
39 years$1,336$853$527$317$187$98
40 years$1,288$811$494$292$170$87
41 years$1,242$772$463$270$154$77
42 years$1,199$736$434$249$140$69
43 years$1,158$701$408$230$127$61
44 years$1,119$668$383$212$115$54
45 years$1,082$637$359$196$104$48
46 years$1,047$608$337$181$95$43
47 years$1,013$580$317$167$86$38
48 years$980$554$298$155$78$34
49 years$949$529$280$143$71$30
50 years$920$505$263$132$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $942,000, adding $5,250 every year, while hoping to spend $30,271 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: 55/29/16 Blend
64$942,000$942,000$942,000$942,000
65$1,043,499$993,573$978,972$1,096,193
66$1,117,728$1,010,050$979,560$1,149,140
67$1,198,514$1,026,320$979,152$1,203,063
68$1,286,493$1,042,341$977,685$1,261,097
69$1,382,367$1,058,067$975,089$1,323,642
70$1,486,906$1,073,450$971,292$1,391,140
71$1,600,960$1,088,438$966,220$1,464,075
72$1,725,462$1,102,976$959,792$1,542,986
73$1,861,442$1,117,005$951,928$1,628,463
74$2,010,031$1,130,460$942,540$1,721,159
75$2,172,476$1,143,274$931,536$1,821,794
76$2,350,149$1,155,375$918,823$1,931,162
77$2,544,561$1,166,685$904,301$2,050,139
78$2,757,376$1,177,123$887,865$2,179,691
79$2,990,426$1,186,600$869,406$2,320,885
80$3,245,729$1,195,023$848,811$2,474,896
81$3,525,507$1,202,292$825,960$2,643,021
82$3,832,207$1,208,303$800,727$2,826,690
83$4,168,523$1,212,941$772,983$3,027,480
84$4,537,425$1,216,088$742,591$3,247,134
85$4,942,182$1,217,615$709,407$3,487,568
86$5,386,395$1,217,389$673,283$3,750,902
87$5,874,032$1,215,265$634,062$4,039,470
88$6,409,461$1,211,091$591,581$4,355,846
89$6,997,497$1,204,706$545,670$4,702,872
90$7,643,442$1,195,937$496,150$5,083,680
91$8,353,138$1,184,603$442,836$5,501,724
92$9,133,020$1,170,510$385,533$5,960,815
93$9,990,178$1,153,454$324,038$6,465,153
94$10,932,421$1,133,219$258,138$7,019,371
95$11,968,356$1,109,575$187,614$7,628,579
96$13,107,462$1,082,278$112,233$8,298,411
97$14,360,185$1,051,071$31,754$9,035,079
98$15,738,031$1,015,681$0$9,845,434
99$17,253,681$975,820$0$10,746,271
100$18,921,104$931,182$0$11,743,064