Can I retire at age 65 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$81,340$80,616$79,909$79,219$78,545$76,928
2 years$40,268$39,518$38,791$38,086$37,403$35,780
3 years$26,578$25,825$25,100$24,402$23,730$22,153
4 years$19,735$18,984$18,267$17,580$16,924$15,406
5 years$15,630$14,884$14,176$13,503$12,866$11,410
6 years$12,895$12,154$11,456$10,799$10,180$8,788
7 years$10,941$10,207$9,520$8,878$8,279$6,951
8 years$9,477$8,749$8,074$7,448$6,868$5,604
9 years$8,339$7,618$6,954$6,344$5,784$4,583
10 years$7,429$6,715$6,063$5,468$4,928$3,789
11 years$6,684$5,978$5,337$4,759$4,239$3,159
12 years$6,065$5,365$4,737$4,174$3,673$2,653
13 years$5,541$4,849$4,232$3,685$3,203$2,239
14 years$5,092$4,407$3,802$3,271$2,808$1,899
15 years$4,704$4,026$3,433$2,918$2,472$1,617
16 years$4,364$3,694$3,113$2,612$2,185$1,381
17 years$4,065$3,402$2,832$2,347$1,937$1,182
18 years$3,799$3,143$2,586$2,115$1,723$1,014
19 years$3,561$2,913$2,367$1,911$1,535$872
20 years$3,348$2,707$2,172$1,731$1,371$751
21 years$3,155$2,522$1,998$1,571$1,227$647
22 years$2,980$2,354$1,842$1,428$1,100$559
23 years$2,820$2,202$1,700$1,301$987$483
24 years$2,674$2,063$1,573$1,187$888$418
25 years$2,539$1,936$1,456$1,084$799$362
26 years$2,416$1,819$1,351$991$719$313
27 years$2,301$1,712$1,254$907$649$271
28 years$2,195$1,613$1,166$831$585$235
29 years$2,097$1,522$1,085$762$528$204
30 years$2,005$1,437$1,011$699$477$177
31 years$1,919$1,359$942$642$432$154
32 years$1,839$1,286$879$590$391$133
33 years$1,764$1,218$821$543$353$116
34 years$1,693$1,154$767$499$320$101
35 years$1,627$1,095$717$460$290$87
36 years$1,564$1,039$671$423$263$76
37 years$1,505$987$628$390$238$66
38 years$1,450$938$588$360$216$57
39 years$1,397$892$551$332$196$50
40 years$1,347$848$516$306$177$43
41 years$1,299$808$484$282$161$38
42 years$1,254$769$454$260$146$33
43 years$1,211$733$426$240$133$28
44 years$1,170$698$400$222$120$25
45 years$1,131$666$376$205$109$21
46 years$1,094$635$353$189$99$19
47 years$1,059$606$331$175$90$16
48 years$1,025$579$311$162$82$14
49 years$993$553$293$149$74$12
50 years$962$528$275$138$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $985,000, adding $3,277 every year, while hoping to spend $37,120 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: 66/12/22 Blend
64$985,000$985,000$985,000$985,000
65$1,088,850$1,036,645$1,021,378$1,154,394
66$1,160,418$1,047,945$1,016,098$1,210,123
67$1,238,041$1,058,555$1,009,398$1,266,492
68$1,322,298$1,068,402$1,001,190$1,327,251
69$1,413,826$1,077,407$991,384$1,392,831
70$1,513,324$1,085,488$979,883$1,463,711
71$1,621,563$1,092,556$966,589$1,540,415
72$1,739,389$1,098,519$951,396$1,623,526
73$1,867,735$1,103,274$934,197$1,713,683
74$2,007,627$1,106,717$914,875$1,811,594
75$2,160,193$1,108,735$893,311$1,918,038
76$2,326,676$1,109,206$869,380$2,033,875
77$2,508,444$1,108,004$842,952$2,160,055
78$2,707,002$1,104,993$813,887$2,297,624
79$2,924,008$1,100,030$782,045$2,447,737
80$3,161,287$1,092,961$747,273$2,611,669
81$3,420,848$1,083,626$709,416$2,790,825
82$3,704,903$1,071,852$668,310$2,986,755
83$4,015,888$1,057,458$623,784$3,201,169
84$4,356,486$1,040,250$575,658$3,435,954
85$4,729,650$1,020,026$523,745$3,693,190
86$5,138,635$996,567$467,851$3,975,172
87$5,587,023$969,646$407,771$4,284,431
88$6,078,760$939,019$343,292$4,623,757
89$6,618,192$904,431$274,192$4,996,230
90$7,210,108$865,608$200,237$5,405,245
91$7,859,781$822,264$121,187$5,854,546
92$8,573,019$774,095$36,787$6,348,262
93$9,356,220$720,780$0$6,890,947
94$10,216,434$661,977$0$7,500,129
95$11,161,425$597,329$0$8,178,867
96$12,199,746$526,454$0$8,924,688
97$13,340,822$448,952$0$9,744,397
98$14,595,034$364,399$0$10,645,489
99$15,973,819$272,346$0$11,636,226
100$17,489,778$172,320$0$12,725,714