Can I retire at age 65 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$81,753$81,025$80,315$79,621$78,944$77,861
2 years$40,472$39,718$38,988$38,279$37,592$36,503
3 years$26,713$25,956$25,228$24,526$23,850$22,788
4 years$19,835$19,081$18,359$17,670$17,010$15,984
5 years$15,710$14,959$14,248$13,572$12,931$11,944
6 years$12,960$12,215$11,514$10,854$10,232$9,285
7 years$10,997$10,259$9,568$8,923$8,321$7,414
8 years$9,525$8,793$8,115$7,486$6,903$6,037
9 years$8,381$7,656$6,989$6,376$5,813$4,987
10 years$7,466$6,749$6,093$5,496$4,953$4,166
11 years$6,718$6,008$5,364$4,783$4,260$3,511
12 years$6,095$5,392$4,761$4,196$3,692$2,980
13 years$5,569$4,873$4,253$3,704$3,219$2,544
14 years$5,118$4,430$3,822$3,288$2,822$2,183
15 years$4,727$4,046$3,451$2,932$2,485$1,880
16 years$4,386$3,713$3,128$2,626$2,196$1,625
17 years$4,085$3,419$2,847$2,359$1,947$1,408
18 years$3,818$3,159$2,599$2,126$1,731$1,223
19 years$3,579$2,928$2,379$1,921$1,543$1,065
20 years$3,365$2,721$2,183$1,740$1,378$929
21 years$3,171$2,534$2,008$1,579$1,233$811
22 years$2,995$2,366$1,851$1,436$1,106$709
23 years$2,834$2,213$1,709$1,308$992$621
24 years$2,687$2,073$1,581$1,193$892$544
25 years$2,552$1,946$1,464$1,089$803$478
26 years$2,428$1,829$1,358$996$723$419
27 years$2,313$1,721$1,261$912$652$368
28 years$2,206$1,622$1,172$835$588$324
29 years$2,107$1,530$1,091$766$531$285
30 years$2,015$1,445$1,016$703$480$250
31 years$1,929$1,366$947$646$434$220
32 years$1,848$1,292$884$593$392$194
33 years$1,773$1,224$825$546$355$171
34 years$1,702$1,160$771$502$322$151
35 years$1,635$1,100$721$462$291$133
36 years$1,572$1,044$674$426$264$117
37 years$1,513$992$631$392$239$103
38 years$1,457$942$591$361$217$91
39 years$1,404$896$554$333$197$80
40 years$1,353$853$519$307$178$71
41 years$1,306$812$487$284$162$62
42 years$1,260$773$456$262$147$55
43 years$1,217$737$428$242$133$48
44 years$1,176$702$402$223$121$43
45 years$1,137$669$378$206$110$38
46 years$1,100$639$355$190$100$33
47 years$1,064$609$333$176$91$29
48 years$1,030$582$313$162$82$26
49 years$998$556$294$150$75$23
50 years$967$531$277$139$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $990,000, adding $2,676 every year, while hoping to spend $47,946 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: 48/24/28 Blend
64$990,000$990,000$990,000$990,000
65$1,093,740$1,041,270$1,025,925$1,137,384
66$1,154,288$1,041,278$1,009,280$1,168,366
67$1,219,404$1,039,680$990,469$1,197,076
68$1,289,504$1,036,346$969,371$1,227,328
69$1,365,045$1,031,138$945,857$1,259,291
70$1,446,528$1,023,912$919,791$1,293,153
71$1,534,502$1,014,512$891,033$1,329,127
72$1,629,574$1,002,775$859,435$1,367,449
73$1,732,407$988,528$824,842$1,408,382
74$1,843,733$971,586$787,094$1,452,220
75$1,964,354$951,754$746,023$1,499,290
76$2,095,154$928,826$701,451$1,549,956
77$2,237,105$902,584$653,194$1,604,625
78$2,391,274$872,795$601,061$1,663,747
79$2,558,837$839,215$544,850$1,727,824
80$2,741,087$801,585$484,350$1,797,414
81$2,939,446$759,630$419,344$1,873,138
82$3,155,478$713,061$349,600$1,955,683
83$3,390,906$661,570$274,881$2,045,814
84$3,647,625$604,834$194,937$2,144,381
85$3,927,721$542,509$109,506$2,252,325
86$4,233,490$474,234$18,316$2,370,690
87$4,567,460$399,625$0$2,500,635
88$4,932,413$318,278$0$2,667,047
89$5,331,411$229,766$0$2,855,120
90$5,767,828$133,637$0$3,061,047
91$6,245,376$29,416$0$3,286,670
92$6,768,145$0$0$3,534,026
93$7,340,638$0$0$3,827,388
94$7,967,812$0$0$4,157,389
95$8,655,129$0$0$4,519,148
96$9,408,601$0$0$4,915,845
97$10,234,854$0$0$5,350,980
98$11,141,181$0$0$5,828,411
99$12,135,618$0$0$6,352,386
100$13,227,017$0$0$6,927,586