Can I retire at age 65 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$80,597$79,879$79,179$78,495$77,828$77,176
2 years$39,900$39,156$38,436$37,738$37,061$36,404
3 years$26,336$25,589$24,871$24,179$23,513$22,871
4 years$19,555$18,811$18,100$17,420$16,770$16,148
5 years$15,487$14,748$14,046$13,380$12,748$12,148
6 years$12,777$12,043$11,351$10,700$10,087$9,510
7 years$10,841$10,113$9,433$8,797$8,203$7,649
8 years$9,390$8,669$8,000$7,380$6,806$6,275
9 years$8,262$7,548$6,890$6,286$5,731$5,223
10 years$7,361$6,653$6,007$5,418$4,883$4,398
11 years$6,623$5,923$5,289$4,716$4,200$3,736
12 years$6,009$5,316$4,693$4,136$3,639$3,198
13 years$5,490$4,804$4,193$3,652$3,174$2,753
14 years$5,046$4,367$3,768$3,242$2,782$2,383
15 years$4,661$3,989$3,402$2,891$2,450$2,070
16 years$4,324$3,660$3,084$2,589$2,165$1,805
17 years$4,027$3,371$2,806$2,326$1,920$1,579
18 years$3,764$3,115$2,562$2,096$1,707$1,384
19 years$3,529$2,887$2,345$1,894$1,521$1,217
20 years$3,317$2,682$2,152$1,715$1,359$1,071
21 years$3,126$2,499$1,980$1,557$1,216$945
22 years$2,952$2,332$1,825$1,415$1,090$834
23 years$2,794$2,181$1,685$1,289$978$738
24 years$2,649$2,044$1,558$1,176$879$653
25 years$2,516$1,918$1,443$1,074$791$579
26 years$2,394$1,803$1,338$982$713$513
27 years$2,280$1,697$1,243$899$643$456
28 years$2,175$1,599$1,155$823$580$405
29 years$2,078$1,508$1,075$755$524$360
30 years$1,987$1,424$1,002$693$473$320
31 years$1,902$1,346$934$636$428$284
32 years$1,822$1,274$871$585$387$253
33 years$1,748$1,206$813$538$350$225
34 years$1,678$1,143$760$495$317$201
35 years$1,612$1,085$711$456$287$179
36 years$1,550$1,029$665$420$260$159
37 years$1,492$978$622$387$236$142
38 years$1,436$929$583$356$214$127
39 years$1,384$884$546$329$194$113
40 years$1,334$841$512$303$176$101
41 years$1,287$800$480$280$160$90
42 years$1,243$762$450$258$145$80
43 years$1,200$726$422$238$131$71
44 years$1,160$692$396$220$119$64
45 years$1,121$660$372$203$108$57
46 years$1,084$630$350$188$98$51
47 years$1,049$601$328$173$89$45
48 years$1,016$574$309$160$81$40
49 years$984$548$290$148$74$36
50 years$953$523$273$137$67$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $976,000, adding $3,510 every year, while hoping to spend $25,953 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: 81/6/13 Blend
64$976,000$976,000$976,000$976,000
65$1,079,173$1,027,445$1,012,317$1,163,643
66$1,161,634$1,050,176$1,018,615$1,242,335
67$1,251,637$1,073,151$1,024,255$1,324,956
68$1,349,924$1,096,354$1,029,187$1,414,892
69$1,457,309$1,119,769$1,033,358$1,512,864
70$1,574,694$1,143,377$1,036,715$1,619,666
71$1,703,067$1,167,156$1,039,199$1,736,174
72$1,843,518$1,191,086$1,040,751$1,863,349
73$1,997,248$1,215,140$1,041,307$2,002,254
74$2,165,578$1,239,292$1,040,801$2,154,058
75$2,349,962$1,263,512$1,039,163$2,320,047
76$2,552,003$1,287,770$1,036,320$2,501,642
77$2,773,467$1,312,030$1,032,196$2,700,404
78$3,016,296$1,336,255$1,026,710$2,918,056
79$3,282,632$1,360,405$1,019,779$3,156,495
80$3,574,832$1,384,437$1,011,314$3,417,811
81$3,895,495$1,408,303$1,001,222$3,704,308
82$4,247,479$1,431,954$989,407$4,018,522
83$4,633,937$1,455,335$975,767$4,363,250
84$5,058,341$1,478,389$960,197$4,741,572
85$5,524,513$1,501,051$942,585$5,156,884
86$6,036,667$1,523,256$922,815$5,612,925
87$6,599,443$1,544,932$900,766$6,113,817
88$7,217,954$1,566,001$876,309$6,664,103
89$7,897,832$1,586,382$849,312$7,268,786
90$8,645,283$1,605,987$819,636$7,933,382
91$9,467,142$1,624,721$787,135$8,663,967
92$10,370,942$1,642,484$751,656$9,467,238
93$11,364,982$1,659,169$713,040$10,350,575
94$12,458,405$1,674,663$671,121$11,322,110
95$13,661,283$1,688,842$625,724$12,390,803
96$14,984,717$1,701,579$576,669$13,566,530
97$16,440,936$1,712,734$523,765$14,860,172
98$18,043,414$1,722,160$466,814$16,283,722
99$19,806,998$1,729,702$405,608$17,850,395
100$21,748,047$1,735,193$339,931$19,574,753