Can I retire at age 65 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$81,093$80,370$79,666$78,978$78,306$76,788
2 years$40,145$39,397$38,673$37,970$37,289$35,765
3 years$26,497$25,747$25,024$24,328$23,657$22,176
4 years$19,675$18,926$18,211$17,527$16,873$15,445
5 years$15,583$14,839$14,132$13,462$12,826$11,457
6 years$12,855$12,117$11,421$10,766$10,149$8,839
7 years$10,908$10,176$9,491$8,851$8,254$7,003
8 years$9,448$8,722$8,049$7,425$6,847$5,656
9 years$8,313$7,594$6,933$6,325$5,767$4,633
10 years$7,406$6,694$6,044$5,452$4,913$3,838
11 years$6,664$5,959$5,321$4,745$4,226$3,206
12 years$6,046$5,349$4,722$4,162$3,662$2,697
13 years$5,524$4,834$4,219$3,674$3,193$2,282
14 years$5,077$4,394$3,791$3,262$2,799$1,939
15 years$4,689$4,014$3,423$2,909$2,465$1,654
16 years$4,351$3,683$3,103$2,604$2,178$1,415
17 years$4,052$3,392$2,824$2,340$1,931$1,215
18 years$3,787$3,134$2,578$2,109$1,717$1,044
19 years$3,550$2,904$2,360$1,906$1,531$900
20 years$3,338$2,699$2,166$1,726$1,367$777
21 years$3,145$2,514$1,992$1,566$1,223$671
22 years$2,971$2,347$1,836$1,424$1,097$581
23 years$2,811$2,195$1,695$1,297$984$503
24 years$2,666$2,056$1,568$1,183$885$436
25 years$2,532$1,930$1,452$1,080$796$378
26 years$2,408$1,814$1,347$988$717$328
27 years$2,294$1,707$1,251$904$647$285
28 years$2,189$1,608$1,163$828$583$248
29 years$2,090$1,517$1,082$760$527$216
30 years$1,999$1,433$1,008$697$476$187
31 years$1,913$1,355$939$640$430$163
32 years$1,834$1,282$877$588$389$142
33 years$1,759$1,214$818$541$352$124
34 years$1,688$1,150$765$498$319$108
35 years$1,622$1,091$715$458$289$94
36 years$1,560$1,036$669$422$262$82
37 years$1,501$984$626$389$237$71
38 years$1,445$935$586$358$215$62
39 years$1,392$889$549$331$195$54
40 years$1,343$846$515$305$177$47
41 years$1,295$805$483$281$161$41
42 years$1,250$767$453$260$146$36
43 years$1,207$731$425$240$132$31
44 years$1,167$696$399$221$120$27
45 years$1,128$664$374$204$109$24
46 years$1,091$633$352$189$99$21
47 years$1,056$605$330$174$90$18
48 years$1,022$577$311$161$82$16
49 years$990$551$292$149$74$14
50 years$959$526$274$138$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $982,000, adding $5,805 every year, while hoping to spend $45,857 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: 78/15/7 Blend
64$982,000$982,000$982,000$982,000
65$1,088,152$1,036,106$1,020,885$1,171,685
66$1,150,352$1,038,084$1,006,293$1,229,294
67$1,217,359$1,038,621$989,675$1,285,911
68$1,289,616$1,037,600$970,916$1,346,643
69$1,367,608$1,034,893$949,892$1,411,881
70$1,451,868$1,030,367$926,478$1,482,052
71$1,542,983$1,023,879$900,539$1,557,629
72$1,641,597$1,015,279$871,937$1,639,131
73$1,748,418$1,004,406$840,525$1,727,132
74$1,864,225$991,090$806,151$1,822,264
75$1,989,875$975,153$768,656$1,925,223
76$2,126,309$956,402$727,873$2,036,777
77$2,274,564$934,637$683,628$2,157,772
78$2,435,779$909,644$635,739$2,289,142
79$2,611,208$881,196$584,016$2,431,914
80$2,802,231$849,054$528,260$2,587,224
81$3,010,365$812,965$468,264$2,756,321
82$3,237,282$772,660$403,810$2,940,583
83$3,484,820$727,855$334,673$3,141,530
84$3,755,003$678,251$260,615$3,360,838
85$4,050,058$623,531$181,391$3,600,354
86$4,372,439$563,358$96,743$3,862,114
87$4,724,844$497,380$6,400$4,148,366
88$5,110,247$425,220$0$4,461,584
89$5,531,921$346,484$0$4,811,221
90$5,993,468$260,753$0$5,194,512
91$6,498,859$167,587$0$5,614,320
92$7,052,461$66,518$0$6,074,328
93$7,659,089$0$0$6,578,595
94$8,324,042$0$0$7,138,684
95$9,053,158$0$0$7,764,888
96$9,852,865$0$0$8,451,754
97$10,730,246$0$0$9,205,368
98$11,693,100$0$0$10,032,434
99$12,750,018$0$0$10,940,337
100$13,910,465$0$0$11,937,210