Can I retire at age 65 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$78,120$77,424$76,745$76,082$75,435$74,866
2 years$38,673$37,953$37,255$36,578$35,922$35,347
3 years$25,526$24,803$24,106$23,436$22,790$22,229
4 years$18,954$18,233$17,543$16,884$16,254$15,711
5 years$15,011$14,295$13,614$12,969$12,356$11,832
6 years$12,384$11,673$11,002$10,371$9,777$9,272
7 years$10,508$9,803$9,143$8,527$7,951$7,466
8 years$9,102$8,403$7,754$7,153$6,596$6,131
9 years$8,008$7,316$6,679$6,093$5,555$5,110
10 years$7,134$6,449$5,822$5,252$4,733$4,308
11 years$6,420$5,741$5,126$4,571$4,071$3,664
12 years$5,825$5,153$4,549$4,009$3,528$3,140
13 years$5,321$4,657$4,064$3,539$3,076$2,707
14 years$4,890$4,233$3,652$3,142$2,697$2,346
15 years$4,517$3,867$3,297$2,802$2,374$2,041
16 years$4,191$3,548$2,989$2,509$2,098$1,782
17 years$3,904$3,267$2,720$2,254$1,861$1,561
18 years$3,648$3,019$2,483$2,032$1,654$1,370
19 years$3,420$2,798$2,273$1,836$1,475$1,206
20 years$3,215$2,600$2,086$1,663$1,317$1,063
21 years$3,030$2,422$1,919$1,509$1,179$939
22 years$2,862$2,261$1,769$1,372$1,056$831
23 years$2,708$2,114$1,633$1,249$948$736
24 years$2,568$1,981$1,510$1,140$852$652
25 years$2,439$1,859$1,399$1,041$767$579
26 years$2,320$1,747$1,297$952$691$514
27 years$2,210$1,644$1,205$871$623$457
28 years$2,108$1,549$1,120$798$562$407
29 years$2,014$1,462$1,042$732$508$362
30 years$1,926$1,380$971$672$459$322
31 years$1,843$1,305$905$617$415$287
32 years$1,766$1,235$844$567$375$256
33 years$1,694$1,169$788$521$339$228
34 years$1,626$1,108$737$480$307$204
35 years$1,563$1,051$689$442$278$182
36 years$1,502$998$644$407$252$162
37 years$1,446$948$603$375$229$145
38 years$1,392$901$565$345$207$129
39 years$1,341$856$529$318$188$115
40 years$1,293$815$496$294$170$103
41 years$1,248$776$465$271$155$92
42 years$1,204$739$436$250$140$82
43 years$1,163$704$409$231$127$74
44 years$1,124$671$384$213$116$66
45 years$1,087$640$361$197$105$59
46 years$1,051$610$339$182$95$53
47 years$1,017$582$318$168$87$47
48 years$984$556$299$155$79$42
49 years$953$531$281$143$71$38
50 years$924$507$264$133$65$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $946,000, adding $5,210 every year, while hoping to spend $53,702 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: 43/47/10 Blend
64$946,000$946,000$946,000$946,000
65$1,047,866$997,728$983,065$1,089,674
66$1,097,610$989,478$958,859$1,111,067
67$1,150,628$979,024$932,043$1,128,391
68$1,207,197$966,202$902,471$1,145,949
69$1,267,621$950,836$869,994$1,163,784
70$1,332,233$932,741$834,453$1,181,946
71$1,401,398$911,722$795,685$1,200,494
72$1,475,516$887,572$753,515$1,219,498
73$1,555,026$860,071$707,766$1,239,039
74$1,640,409$828,985$658,247$1,259,212
75$1,732,195$794,070$604,762$1,280,126
76$1,830,964$755,064$547,107$1,301,906
77$1,937,353$711,693$485,066$1,324,697
78$2,052,062$663,665$418,414$1,348,663
79$2,175,860$610,672$346,919$1,373,993
80$2,309,592$552,389$270,335$1,400,902
81$2,454,186$488,471$188,406$1,429,634
82$2,610,662$418,556$100,867$1,460,466
83$2,780,143$342,259$7,440$1,493,711
84$2,963,862$259,173$0$1,529,724
85$3,163,174$168,871$0$1,578,750
86$3,379,571$70,899$0$1,632,881
87$3,614,695$0$0$1,691,866
88$3,870,348$0$0$1,774,526
89$4,148,518$0$0$1,904,465
90$4,451,387$0$0$2,046,051
91$4,781,361$0$0$2,200,418
92$5,141,083$0$0$2,368,820
93$5,533,467$0$0$2,552,634
94$5,961,715$0$0$2,753,376
95$6,429,355$0$0$2,972,715
96$6,940,270$0$0$3,212,489
97$7,498,734$0$0$3,474,722
98$8,109,455$0$0$3,761,642
99$8,777,613$0$0$4,075,700
100$9,508,915$0$0$4,419,600