Can I retire at age 65 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$80,515$79,797$79,098$78,415$77,748$75,868
2 years$39,859$39,116$38,397$37,699$37,023$35,141
3 years$26,309$25,563$24,845$24,154$23,489$21,663
4 years$19,535$18,791$18,081$17,402$16,752$14,996
5 years$15,472$14,733$14,032$13,366$12,735$11,054
6 years$12,764$12,030$11,340$10,689$10,077$8,472
7 years$10,830$10,103$9,423$8,788$8,195$6,668
8 years$9,381$8,660$7,992$7,372$6,799$5,347
9 years$8,254$7,540$6,883$6,279$5,725$4,349
10 years$7,353$6,646$6,001$5,413$4,878$3,576
11 years$6,617$5,917$5,283$4,711$4,196$2,965
12 years$6,003$5,311$4,689$4,132$3,636$2,475
13 years$5,485$4,799$4,189$3,648$3,170$2,077
14 years$5,040$4,362$3,764$3,238$2,779$1,750
15 years$4,656$3,985$3,398$2,888$2,447$1,481
16 years$4,320$3,656$3,081$2,586$2,163$1,256
17 years$4,023$3,367$2,804$2,323$1,918$1,069
18 years$3,760$3,112$2,559$2,094$1,705$911
19 years$3,525$2,884$2,343$1,892$1,520$778
20 years$3,314$2,680$2,150$1,714$1,357$665
21 years$3,123$2,496$1,978$1,555$1,215$570
22 years$2,949$2,330$1,823$1,414$1,089$488
23 years$2,791$2,179$1,683$1,288$977$419
24 years$2,647$2,042$1,557$1,174$879$360
25 years$2,514$1,916$1,442$1,073$791$309
26 years$2,391$1,801$1,337$981$712$266
27 years$2,278$1,695$1,242$898$642$229
28 years$2,173$1,597$1,154$822$579$197
29 years$2,076$1,507$1,074$754$523$169
30 years$1,985$1,423$1,000$692$473$146
31 years$1,900$1,345$933$636$427$126
32 years$1,820$1,273$870$584$387$108
33 years$1,746$1,205$813$537$350$93
34 years$1,676$1,142$759$494$317$80
35 years$1,610$1,083$710$455$287$69
36 years$1,549$1,028$664$419$260$60
37 years$1,490$977$622$386$236$52
38 years$1,435$928$582$356$214$44
39 years$1,383$883$545$328$194$38
40 years$1,333$840$511$303$176$33
41 years$1,286$799$479$279$159$29
42 years$1,241$761$450$258$145$25
43 years$1,199$725$422$238$131$21
44 years$1,158$691$396$220$119$18
45 years$1,120$659$372$203$108$16
46 years$1,083$629$349$187$98$14
47 years$1,048$600$328$173$89$12
48 years$1,015$573$308$160$81$10
49 years$983$547$290$148$74$9
50 years$952$523$272$137$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $975,000, adding $3,727 every year, while hoping to spend $54,983 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: 65/9/26 Blend
64$975,000$975,000$975,000$975,000
65$1,078,294$1,026,619$1,011,507$1,140,802
66$1,129,779$1,018,422$986,891$1,175,244
67$1,184,672$1,007,981$959,607$1,206,393
68$1,243,264$995,127$929,509$1,239,211
69$1,305,871$979,682$896,442$1,273,869
70$1,372,841$961,458$860,244$1,310,553
71$1,444,556$940,255$820,748$1,349,474
72$1,521,435$915,861$777,777$1,390,863
73$1,603,935$888,052$731,146$1,434,978
74$1,692,560$856,591$680,664$1,482,107
75$1,787,864$821,226$626,128$1,532,568
76$1,890,453$781,693$567,330$1,586,714
77$2,000,992$737,709$504,049$1,644,936
78$2,120,215$688,979$436,056$1,707,670
79$2,248,925$635,186$363,112$1,775,398
80$2,388,005$576,000$284,966$1,848,654
81$2,538,427$511,070$201,358$1,928,030
82$2,701,257$440,023$112,014$2,014,184
83$2,877,669$362,468$16,651$2,107,841
84$3,068,953$277,991$0$2,209,808
85$3,276,528$186,154$0$2,344,589
86$3,501,953$86,494$0$2,496,024
87$3,746,945$0$0$2,660,670
88$4,013,392$0$0$2,841,957
89$4,303,370$0$0$3,048,634
90$4,619,166$0$0$3,273,771
91$4,963,293$0$0$3,519,169
92$5,338,520$0$0$3,786,809
93$5,747,893$0$0$4,078,872
94$6,194,764$0$0$4,397,758
95$6,682,825$0$0$4,746,110
96$7,216,138$0$0$5,126,837
97$7,799,177$0$0$5,543,142
98$8,436,865$0$0$5,998,551
99$9,134,627$0$0$6,496,947
100$9,898,432$0$0$7,042,606