Can I retire at age 65 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$82,001$81,271$80,558$79,862$79,183$77,238
2 years$40,595$39,839$39,106$38,395$37,706$35,758
3 years$26,794$26,035$25,304$24,600$23,922$22,033
4 years$19,895$19,138$18,415$17,723$17,062$15,245
5 years$15,757$15,005$14,291$13,613$12,970$11,231
6 years$12,999$12,253$11,549$10,886$10,263$8,603
7 years$11,030$10,290$9,597$8,950$8,346$6,767
8 years$9,554$8,820$8,139$7,508$6,924$5,424
9 years$8,406$7,680$7,010$6,395$5,831$4,409
10 years$7,489$6,769$6,112$5,513$4,968$3,623
11 years$6,739$6,026$5,381$4,798$4,273$3,002
12 years$6,114$5,409$4,775$4,208$3,703$2,504
13 years$5,586$4,888$4,266$3,715$3,229$2,100
14 years$5,133$4,443$3,833$3,298$2,831$1,769
15 years$4,742$4,059$3,461$2,941$2,492$1,495
16 years$4,399$3,724$3,138$2,634$2,203$1,268
17 years$4,098$3,429$2,855$2,366$1,953$1,078
18 years$3,830$3,169$2,607$2,132$1,737$918
19 years$3,590$2,937$2,386$1,927$1,548$783
20 years$3,375$2,729$2,190$1,745$1,383$669
21 years$3,180$2,542$2,014$1,584$1,237$573
22 years$3,004$2,373$1,857$1,440$1,109$491
23 years$2,843$2,219$1,714$1,312$995$421
24 years$2,695$2,079$1,585$1,196$895$361
25 years$2,560$1,951$1,468$1,092$805$310
26 years$2,435$1,834$1,362$999$725$266
27 years$2,320$1,726$1,265$914$654$229
28 years$2,213$1,626$1,176$838$590$197
29 years$2,114$1,534$1,094$768$533$169
30 years$2,021$1,449$1,019$705$481$146
31 years$1,935$1,370$950$647$435$125
32 years$1,854$1,296$886$595$394$108
33 years$1,778$1,227$828$547$356$93
34 years$1,707$1,163$773$503$323$80
35 years$1,640$1,103$723$463$292$69
36 years$1,577$1,047$676$427$265$59
37 years$1,518$995$633$393$240$51
38 years$1,461$945$593$362$218$44
39 years$1,408$899$555$334$197$38
40 years$1,358$855$521$308$179$33
41 years$1,310$814$488$284$162$28
42 years$1,264$775$458$262$147$24
43 years$1,221$739$430$242$134$21
44 years$1,180$704$403$224$121$18
45 years$1,141$671$379$207$110$16
46 years$1,103$641$356$191$100$13
47 years$1,067$611$334$176$91$12
48 years$1,033$584$314$163$82$10
49 years$1,001$557$295$151$75$9
50 years$970$532$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $993,000, adding $4,463 every year, while hoping to spend $31,959 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: 41/48/11 Blend
64$993,000$993,000$993,000$993,000
65$1,098,890$1,046,261$1,030,869$1,140,190
66$1,176,972$1,063,523$1,031,399$1,186,887
67$1,261,948$1,080,561$1,030,876$1,233,873
68$1,354,487$1,097,328$1,029,230$1,284,016
69$1,455,325$1,113,777$1,026,389$1,337,615
70$1,565,272$1,129,857$1,022,278$1,395,002
71$1,685,222$1,145,512$1,016,816$1,456,543
72$1,816,156$1,160,683$1,009,921$1,522,643
73$1,959,155$1,175,308$1,001,504$1,593,749
74$2,115,409$1,189,318$991,475$1,670,353
75$2,286,228$1,202,642$979,737$1,753,002
76$2,473,055$1,215,203$966,189$1,842,296
77$2,677,477$1,226,919$950,727$1,938,900
78$2,901,244$1,237,702$933,241$2,043,548
79$3,146,281$1,247,459$913,614$2,157,050
80$3,414,708$1,256,092$891,728$2,280,300
81$3,708,862$1,263,494$867,454$2,414,286
82$4,031,314$1,269,553$840,662$2,560,099
83$4,384,897$1,274,150$811,212$2,718,943
84$4,772,730$1,277,157$778,962$2,892,147
85$5,198,250$1,278,439$743,759$3,081,178
86$5,665,243$1,277,854$705,446$3,287,658
87$6,177,877$1,275,248$663,858$3,513,374
88$6,740,745$1,270,460$618,822$3,760,300
89$7,358,907$1,263,318$570,158$4,030,615
90$8,037,935$1,253,640$517,678$4,326,726
91$8,783,969$1,241,234$461,185$4,651,285
92$9,603,773$1,225,893$400,474$5,007,224
93$10,504,798$1,207,402$335,330$5,397,774
94$11,495,253$1,185,531$265,529$5,826,504
95$12,584,182$1,160,034$190,837$6,297,350
96$13,781,548$1,130,656$111,010$6,814,658
97$15,098,330$1,097,122$25,793$7,383,221
98$16,546,622$1,059,143$0$8,008,328
99$18,139,750$1,016,414$0$8,703,461
100$19,892,397$968,611$0$9,471,138