Can I retire at age 65 with 999,000?

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 $999,000?

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$82,496$81,762$81,045$80,345$79,662$78,569
2 years$40,840$40,079$39,342$38,627$37,934$36,835
3 years$26,956$26,192$25,457$24,749$24,067$22,996
4 years$20,016$19,254$18,526$17,830$17,165$16,129
5 years$15,852$15,095$14,377$13,695$13,048$12,052
6 years$13,078$12,327$11,619$10,952$10,325$9,369
7 years$11,097$10,352$9,655$9,004$8,397$7,482
8 years$9,612$8,873$8,188$7,554$6,966$6,092
9 years$8,457$7,726$7,053$6,434$5,866$5,032
10 years$7,534$6,810$6,149$5,546$4,998$4,204
11 years$6,779$6,063$5,413$4,827$4,299$3,543
12 years$6,151$5,441$4,804$4,234$3,725$3,007
13 years$5,620$4,917$4,292$3,738$3,248$2,568
14 years$5,164$4,470$3,857$3,318$2,848$2,203
15 years$4,770$4,083$3,482$2,959$2,507$1,897
16 years$4,426$3,746$3,157$2,650$2,216$1,640
17 years$4,122$3,450$2,873$2,381$1,965$1,421
18 years$3,853$3,188$2,622$2,145$1,747$1,234
19 years$3,612$2,955$2,401$1,939$1,557$1,075
20 years$3,395$2,746$2,203$1,756$1,391$937
21 years$3,200$2,558$2,026$1,593$1,245$819
22 years$3,022$2,387$1,868$1,449$1,116$716
23 years$2,860$2,233$1,725$1,319$1,001$627
24 years$2,712$2,092$1,595$1,203$900$549
25 years$2,576$1,963$1,477$1,099$810$482
26 years$2,450$1,845$1,370$1,005$730$423
27 years$2,334$1,736$1,272$920$658$372
28 years$2,227$1,636$1,183$843$594$327
29 years$2,127$1,544$1,101$773$536$287
30 years$2,034$1,458$1,025$709$484$253
31 years$1,947$1,378$956$651$438$222
32 years$1,865$1,304$892$599$396$196
33 years$1,789$1,235$833$550$358$172
34 years$1,717$1,170$778$507$325$152
35 years$1,650$1,110$727$466$294$134
36 years$1,587$1,054$680$429$266$118
37 years$1,527$1,001$637$396$241$104
38 years$1,470$951$596$365$219$92
39 years$1,417$904$559$336$198$81
40 years$1,366$860$524$310$180$71
41 years$1,318$819$491$286$163$63
42 years$1,272$780$461$264$148$55
43 years$1,228$743$432$244$134$49
44 years$1,187$708$406$225$122$43
45 years$1,147$676$381$208$111$38
46 years$1,110$644$358$192$101$34
47 years$1,074$615$336$177$91$30
48 years$1,040$587$316$164$83$26
49 years$1,007$561$297$151$75$23
50 years$975$536$279$140$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $999,000, adding $4,931 every year, while hoping to spend $48,043 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: 43/40/17 Blend
64$999,000$999,000$999,000$999,000
65$1,105,984$1,053,037$1,037,553$1,147,877
66$1,167,677$1,053,519$1,021,193$1,178,326
67$1,234,053$1,052,414$1,002,676$1,206,173
68$1,305,538$1,049,593$981,877$1,235,324
69$1,382,601$1,044,922$958,668$1,265,921
70$1,465,757$1,038,254$932,915$1,298,125
71$1,555,573$1,029,437$904,475$1,332,115
72$1,652,669$1,018,307$873,203$1,368,091
73$1,757,730$1,004,692$838,944$1,406,277
74$1,871,506$988,410$801,536$1,446,925
75$1,994,823$969,266$760,812$1,490,315
76$2,128,591$947,056$716,595$1,536,761
77$2,273,807$921,561$668,700$1,586,613
78$2,431,570$892,553$616,937$1,640,261
79$2,603,089$859,787$561,103$1,698,140
80$2,789,693$823,005$500,989$1,760,735
81$2,992,845$781,935$436,375$1,828,588
82$3,214,155$736,290$367,033$1,902,299
83$3,455,393$685,762$292,723$1,982,537
84$3,718,509$630,031$213,196$2,070,049
85$4,005,650$568,755$128,190$2,165,662
86$4,319,176$501,574$37,434$2,270,295
87$4,661,687$428,106$0$2,384,972
88$5,036,047$347,951$0$2,521,607
89$5,445,405$260,682$0$2,678,628
90$5,893,232$165,851$0$2,850,694
91$6,383,348$62,984$0$3,039,416
92$6,919,959$0$0$3,246,577
93$7,507,698$0$0$3,495,462
94$8,151,666$0$0$3,798,656
95$8,857,482$0$0$4,131,095
96$9,631,333$0$0$4,495,710
97$10,480,035$0$0$4,895,727
98$11,411,092$0$0$5,334,702
99$12,432,773$0$0$5,816,550
100$13,554,185$0$0$6,345,585