Can I retire at age 65 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$79,193$78,488$77,800$77,128$76,472$74,745
2 years$39,205$38,474$37,767$37,081$36,415$34,684
3 years$25,877$25,143$24,438$23,758$23,103$21,423
4 years$19,214$18,483$17,784$17,116$16,477$14,860
5 years$15,218$14,491$13,801$13,147$12,526$10,977
6 years$12,554$11,833$11,154$10,514$9,911$8,432
7 years$10,652$9,937$9,269$8,644$8,061$6,650
8 years$9,227$8,518$7,861$7,251$6,687$5,346
9 years$8,119$7,417$6,770$6,176$5,631$4,359
10 years$7,232$6,537$5,903$5,324$4,798$3,592
11 years$6,508$5,820$5,196$4,634$4,127$2,986
12 years$5,905$5,224$4,612$4,064$3,576$2,499
13 years$5,395$4,721$4,120$3,588$3,118$2,103
14 years$4,958$4,291$3,702$3,185$2,734$1,777
15 years$4,579$3,920$3,342$2,841$2,407$1,508
16 years$4,249$3,596$3,030$2,543$2,127$1,283
17 years$3,957$3,312$2,758$2,285$1,886$1,095
18 years$3,698$3,061$2,517$2,059$1,677$936
19 years$3,467$2,836$2,304$1,861$1,495$802
20 years$3,259$2,636$2,115$1,685$1,335$688
21 years$3,071$2,455$1,945$1,530$1,195$591
22 years$2,901$2,292$1,793$1,391$1,071$508
23 years$2,745$2,143$1,655$1,267$961$437
24 years$2,603$2,008$1,531$1,155$864$377
25 years$2,472$1,885$1,418$1,055$778$325
26 years$2,352$1,771$1,315$965$700$280
27 years$2,241$1,667$1,221$883$631$242
28 years$2,137$1,571$1,135$809$570$209
29 years$2,041$1,482$1,056$742$515$180
30 years$1,952$1,399$984$681$465$156
31 years$1,869$1,323$917$625$420$135
32 years$1,791$1,252$856$575$380$116
33 years$1,717$1,185$799$528$344$101
34 years$1,649$1,124$747$486$312$87
35 years$1,584$1,066$698$448$282$75
36 years$1,523$1,011$653$412$256$65
37 years$1,466$961$611$380$232$56
38 years$1,411$913$572$350$210$49
39 years$1,360$868$536$323$190$42
40 years$1,311$826$503$298$173$36
41 years$1,265$786$471$275$157$32
42 years$1,221$749$442$254$142$27
43 years$1,179$713$415$234$129$24
44 years$1,139$680$389$216$117$20
45 years$1,102$649$366$200$106$18
46 years$1,065$619$343$184$97$15
47 years$1,031$590$323$170$88$13
48 years$998$564$303$157$80$11
49 years$966$538$285$145$72$10
50 years$936$514$268$134$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $959,000, adding $4,418 every year, while hoping to spend $31,752 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: 78/14/8 Blend
64$959,000$959,000$959,000$959,000
65$1,061,375$1,010,548$995,684$1,142,642
66$1,135,852$1,026,281$995,255$1,212,350
67$1,216,860$1,041,721$993,748$1,284,220
68$1,305,034$1,056,819$991,093$1,362,106
69$1,401,070$1,071,525$987,216$1,446,594
70$1,505,733$1,085,784$982,042$1,538,329
71$1,619,867$1,099,537$975,490$1,638,019
72$1,744,400$1,112,721$967,475$1,746,447
73$1,880,353$1,125,269$957,910$1,864,473
74$2,028,852$1,137,109$946,703$1,993,047
75$2,191,133$1,148,166$933,756$2,133,212
76$2,368,560$1,158,358$918,968$2,286,121
77$2,562,634$1,167,598$902,234$2,453,042
78$2,775,006$1,175,794$883,443$2,635,372
79$3,007,497$1,182,848$862,478$2,834,652
80$3,262,108$1,188,654$839,218$3,052,577
81$3,541,048$1,193,103$813,536$3,291,018
82$3,846,744$1,196,074$785,299$3,552,036
83$4,181,874$1,197,444$754,369$3,837,899
84$4,549,384$1,197,077$720,599$4,151,111
85$4,952,520$1,194,833$683,838$4,494,427
86$5,394,858$1,190,560$643,927$4,870,886
87$5,880,335$1,184,099$600,700$5,283,837
88$6,413,289$1,175,281$553,984$5,736,968
89$6,998,500$1,163,925$503,598$6,234,345
90$7,641,230$1,149,840$449,352$6,780,451
91$8,347,279$1,132,826$391,048$7,380,222
92$9,123,034$1,112,667$328,481$8,039,102
93$9,975,533$1,089,136$261,434$8,763,089
94$10,912,527$1,061,994$189,682$9,558,793
95$11,942,559$1,030,986$112,991$10,433,498
96$13,075,039$995,843$31,114$11,395,235
97$14,320,333$956,279$0$12,452,850
98$15,689,863$911,994$0$13,620,899
99$17,196,215$862,667$0$14,908,473
100$18,853,253$807,962$0$16,324,782