Can I retire at age 65 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$78,533$77,833$77,151$76,485$75,834$74,547
2 years$38,878$38,154$37,452$36,771$36,111$34,819
3 years$25,661$24,934$24,234$23,560$22,911$21,653
4 years$19,054$18,329$17,636$16,974$16,340$15,126
5 years$15,091$14,370$13,686$13,037$12,421$11,255
6 years$12,449$11,734$11,061$10,426$9,829$8,712
7 years$10,564$9,854$9,191$8,572$7,993$6,926
8 years$9,150$8,447$7,795$7,191$6,631$5,613
9 years$8,051$7,355$6,714$6,125$5,584$4,615
10 years$7,172$6,483$5,853$5,280$4,758$3,836
11 years$6,454$5,771$5,153$4,595$4,092$3,217
12 years$5,855$5,180$4,573$4,030$3,546$2,717
13 years$5,350$4,681$4,086$3,558$3,092$2,307
14 years$4,916$4,255$3,671$3,159$2,711$1,969
15 years$4,541$3,887$3,315$2,817$2,387$1,687
16 years$4,213$3,566$3,005$2,522$2,109$1,449
17 years$3,924$3,284$2,735$2,266$1,870$1,249
18 years$3,668$3,035$2,496$2,042$1,663$1,079
19 years$3,438$2,813$2,285$1,845$1,482$934
20 years$3,232$2,614$2,097$1,671$1,324$809
21 years$3,046$2,435$1,929$1,517$1,185$703
22 years$2,877$2,273$1,778$1,379$1,062$611
23 years$2,723$2,126$1,642$1,256$953$531
24 years$2,581$1,992$1,518$1,146$857$463
25 years$2,452$1,869$1,406$1,046$771$404
26 years$2,332$1,756$1,304$957$695$352
27 years$2,222$1,653$1,211$876$626$307
28 years$2,120$1,558$1,126$802$565$268
29 years$2,024$1,469$1,048$736$510$234
30 years$1,936$1,388$976$675$461$205
31 years$1,853$1,312$910$620$417$179
32 years$1,776$1,241$849$570$377$157
33 years$1,703$1,176$793$524$341$137
34 years$1,635$1,114$741$482$309$120
35 years$1,571$1,057$692$444$280$105
36 years$1,510$1,003$648$409$254$92
37 years$1,453$953$606$377$230$80
38 years$1,399$905$568$347$208$70
39 years$1,348$861$532$320$189$62
40 years$1,300$819$499$295$171$54
41 years$1,254$780$467$272$155$47
42 years$1,211$743$438$251$141$41
43 years$1,169$707$411$232$128$36
44 years$1,130$674$386$214$116$32
45 years$1,092$643$363$198$105$28
46 years$1,057$613$341$183$96$24
47 years$1,022$585$320$169$87$21
48 years$990$559$301$156$79$19
49 years$958$534$283$144$72$16
50 years$929$510$266$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $951,000, adding $6,995 every year, while hoping to spend $34,208 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: 58/25/17 Blend
64$951,000$951,000$951,000$951,000
65$1,055,217$1,004,814$990,074$1,111,360
66$1,126,452$1,017,653$986,844$1,163,053
67$1,203,807$1,029,975$982,360$1,215,027
68$1,287,869$1,041,717$976,543$1,270,905
69$1,379,286$1,052,815$969,311$1,331,068
70$1,478,769$1,063,199$960,579$1,395,940
71$1,587,101$1,072,793$950,256$1,465,984
72$1,705,144$1,081,519$938,248$1,541,714
73$1,833,846$1,089,291$924,457$1,623,697
74$1,974,252$1,096,020$908,780$1,712,559
75$2,127,510$1,101,609$891,108$1,808,990
76$2,294,884$1,105,956$871,329$1,913,750
77$2,477,768$1,108,953$849,323$2,027,682
78$2,677,692$1,110,484$824,968$2,151,713
79$2,896,346$1,110,427$798,133$2,286,866
80$3,135,586$1,108,651$768,684$2,434,271
81$3,397,459$1,105,018$736,478$2,595,175
82$3,684,217$1,099,381$701,367$2,770,953
83$3,998,342$1,091,585$663,198$2,963,124
84$4,342,565$1,081,465$621,807$3,173,361
85$4,719,894$1,068,845$577,025$3,403,512
86$5,133,645$1,053,540$528,677$3,655,616
87$5,587,467$1,035,353$476,577$3,931,921
88$6,085,379$1,014,076$420,533$4,234,910
89$6,631,810$989,488$360,344$4,567,318
90$7,231,637$961,355$295,798$4,932,166
91$7,890,233$929,431$226,676$5,332,784
92$8,613,516$893,453$152,749$5,772,846
93$9,408,007$853,144$73,778$6,256,404
94$10,280,886$808,211$0$6,787,930
95$11,240,067$758,344$0$7,374,256
96$12,294,267$703,215$0$8,033,323
97$13,453,087$642,478$0$8,757,780
98$14,727,109$575,766$0$9,554,293
99$16,127,988$502,692$0$10,430,210
100$17,668,566$422,847$0$11,393,632