Can I retire at age 65 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$71,679$71,040$70,417$69,809$69,216$68,664
2 years$35,484$34,824$34,183$33,562$32,960$32,404
3 years$23,421$22,758$22,119$21,504$20,911$20,368
4 years$17,391$16,729$16,097$15,492$14,914$14,388
5 years$13,774$13,116$12,492$11,899$11,337$10,830
6 years$11,363$10,710$10,095$9,516$8,971$8,483
7 years$9,642$8,994$8,389$7,824$7,296$6,827
8 years$8,351$7,710$7,115$6,563$6,052$5,603
9 years$7,348$6,713$6,128$5,590$5,097$4,667
10 years$6,546$5,917$5,342$4,819$4,343$3,932
11 years$5,890$5,268$4,703$4,194$3,735$3,343
12 years$5,344$4,728$4,174$3,679$3,237$2,863
13 years$4,883$4,273$3,729$3,248$2,823$2,466
14 years$4,487$3,884$3,351$2,883$2,474$2,135
15 years$4,145$3,548$3,025$2,571$2,178$1,857
16 years$3,846$3,255$2,743$2,302$1,925$1,620
17 years$3,582$2,998$2,496$2,068$1,707$1,418
18 years$3,348$2,770$2,278$1,864$1,518$1,244
19 years$3,138$2,567$2,086$1,684$1,353$1,094
20 years$2,950$2,386$1,914$1,525$1,208$964
21 years$2,780$2,222$1,761$1,384$1,081$851
22 years$2,626$2,074$1,623$1,259$969$752
23 years$2,485$1,940$1,498$1,146$870$666
24 years$2,356$1,818$1,386$1,046$782$590
25 years$2,238$1,706$1,283$955$704$523
26 years$2,129$1,603$1,190$873$634$464
27 years$2,028$1,509$1,105$799$572$412
28 years$1,935$1,422$1,028$732$516$367
29 years$1,848$1,341$956$671$466$326
30 years$1,767$1,267$891$616$421$290
31 years$1,691$1,197$830$566$380$258
32 years$1,621$1,133$775$520$344$230
33 years$1,554$1,073$723$478$311$205
34 years$1,492$1,017$676$440$282$183
35 years$1,434$965$632$405$255$163
36 years$1,379$915$591$373$231$145
37 years$1,327$870$553$344$210$130
38 years$1,277$826$518$317$190$116
39 years$1,231$786$485$292$172$103
40 years$1,187$748$455$269$156$92
41 years$1,145$712$427$249$142$82
42 years$1,105$678$400$229$129$73
43 years$1,067$646$376$212$117$65
44 years$1,031$616$353$196$106$58
45 years$997$587$331$181$96$52
46 years$964$560$311$167$87$47
47 years$933$534$292$154$79$42
48 years$903$510$274$142$72$37
49 years$875$487$258$132$65$33
50 years$847$465$243$122$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $868,000, adding $2,617 every year, while hoping to spend $32,939 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: 29/46/25 Blend
64$868,000$868,000$868,000$868,000
65$959,235$913,231$899,777$979,540
66$1,022,031$922,933$894,873$1,005,306
67$1,090,127$932,006$888,701$1,029,918
68$1,164,030$940,385$881,182$1,055,705
69$1,244,297$947,999$872,238$1,082,791
70$1,331,540$954,775$861,782$1,111,314
71$1,426,431$960,634$849,726$1,141,427
72$1,529,712$965,490$835,977$1,173,302
73$1,642,199$969,255$820,438$1,207,133
74$1,764,787$971,832$803,006$1,243,132
75$1,898,464$973,121$783,576$1,281,540
76$2,044,317$973,013$762,035$1,322,622
77$2,203,541$971,395$738,268$1,366,677
78$2,377,454$968,144$712,151$1,414,033
79$2,567,503$963,133$683,558$1,465,060
80$2,775,286$956,224$652,354$1,520,167
81$3,002,559$947,272$618,401$1,579,810
82$3,251,255$936,124$581,553$1,644,494
83$3,523,505$922,616$541,657$1,714,783
84$3,821,654$906,576$498,554$1,791,302
85$4,148,285$887,820$452,078$1,874,745
86$4,506,242$866,155$402,055$1,965,883
87$4,898,658$841,376$348,303$2,065,570
88$5,328,983$813,266$290,633$2,174,756
89$5,801,017$781,593$228,847$2,294,494
90$6,318,945$746,116$162,738$2,425,950
91$6,887,379$706,577$92,091$2,570,418
92$7,511,395$662,703$16,679$2,729,330
93$8,196,588$614,206$0$2,904,277
94$8,949,121$560,783$0$3,114,034
95$9,775,781$502,111$0$3,349,385
96$10,684,047$437,851$0$3,608,104
97$11,682,156$367,642$0$3,892,647
98$12,779,186$291,106$0$4,205,733
99$13,985,134$207,841$0$4,550,362
100$15,311,016$117,424$0$4,929,850