Can I retire at age 65 with 868,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$71,679$71,040$70,417$69,809$69,216$68,924
2 years$35,484$34,824$34,183$33,562$32,960$32,665
3 years$23,421$22,758$22,119$21,504$20,911$20,623
4 years$17,391$16,729$16,097$15,492$14,914$14,634
5 years$13,774$13,116$12,492$11,899$11,337$11,067
6 years$11,363$10,710$10,095$9,516$8,971$8,710
7 years$9,642$8,994$8,389$7,824$7,296$7,045
8 years$8,351$7,710$7,115$6,563$6,052$5,812
9 years$7,348$6,713$6,128$5,590$5,097$4,866
10 years$6,546$5,917$5,342$4,819$4,343$4,122
11 years$5,890$5,268$4,703$4,194$3,735$3,523
12 years$5,344$4,728$4,174$3,679$3,237$3,035
13 years$4,883$4,273$3,729$3,248$2,823$2,630
14 years$4,487$3,884$3,351$2,883$2,474$2,290
15 years$4,145$3,548$3,025$2,571$2,178$2,003
16 years$3,846$3,255$2,743$2,302$1,925$1,759
17 years$3,582$2,998$2,496$2,068$1,707$1,549
18 years$3,348$2,770$2,278$1,864$1,518$1,368
19 years$3,138$2,567$2,086$1,684$1,353$1,210
20 years$2,950$2,386$1,914$1,525$1,208$1,074
21 years$2,780$2,222$1,761$1,384$1,081$954
22 years$2,626$2,074$1,623$1,259$969$849
23 years$2,485$1,940$1,498$1,146$870$756
24 years$2,356$1,818$1,386$1,046$782$675
25 years$2,238$1,706$1,283$955$704$602
26 years$2,129$1,603$1,190$873$634$538
27 years$2,028$1,509$1,105$799$572$482
28 years$1,935$1,422$1,028$732$516$431
29 years$1,848$1,341$956$671$466$386
30 years$1,767$1,267$891$616$421$346
31 years$1,691$1,197$830$566$380$311
32 years$1,621$1,133$775$520$344$279
33 years$1,554$1,073$723$478$311$250
34 years$1,492$1,017$676$440$282$225
35 years$1,434$965$632$405$255$202
36 years$1,379$915$591$373$231$181
37 years$1,327$870$553$344$210$163
38 years$1,277$826$518$317$190$146
39 years$1,231$786$485$292$172$132
40 years$1,187$748$455$269$156$118
41 years$1,145$712$427$249$142$107
42 years$1,105$678$400$229$129$96
43 years$1,067$646$376$212$117$86
44 years$1,031$616$353$196$106$78
45 years$997$587$331$181$96$70
46 years$964$560$311$167$87$63
47 years$933$534$292$154$79$57
48 years$903$510$274$142$72$51
49 years$875$487$258$132$65$46
50 years$847$465$243$122$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $868,000, adding $2,504 every year, while hoping to spend $39,762 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: 53/21/26 Blend
64$868,000$868,000$868,000$868,000
65$959,119$913,115$899,661$1,002,892
66$1,014,643$915,551$887,493$1,035,868
67$1,074,497$916,774$873,585$1,067,456
68$1,139,082$916,682$857,836$1,101,026
69$1,208,837$915,168$840,142$1,136,782
70$1,284,244$912,117$820,393$1,174,952
71$1,365,834$907,408$798,473$1,215,789
72$1,454,189$900,911$774,263$1,259,571
73$1,549,952$892,492$747,636$1,306,610
74$1,653,827$882,004$718,462$1,357,250
75$1,766,590$869,294$686,602$1,411,874
76$1,889,092$854,199$651,913$1,470,905
77$2,022,272$836,548$614,246$1,534,813
78$2,167,163$816,158$573,441$1,604,118
79$2,324,898$792,834$529,337$1,679,397
80$2,496,729$766,374$481,760$1,761,289
81$2,684,028$736,559$430,532$1,850,500
82$2,888,310$703,162$375,466$1,947,814
83$3,111,240$665,939$316,367$2,054,098
84$3,354,651$624,635$253,030$2,170,312
85$3,620,561$578,977$185,242$2,297,516
86$3,911,192$528,681$112,780$2,436,886
87$4,228,989$473,441$35,414$2,589,722
88$4,576,645$412,939$0$2,757,460
89$4,957,125$346,836$0$2,954,771
90$5,373,695$274,773$0$3,181,666
91$5,829,949$196,375$0$3,430,327
92$6,329,848$111,241$0$3,702,977
93$6,877,752$18,951$0$4,002,072
94$7,478,463$0$0$4,330,315
95$8,137,271$0$0$4,709,398
96$8,860,001$0$0$5,130,154
97$9,653,071$0$0$5,591,948
98$10,523,548$0$0$6,098,910
99$11,479,219$0$0$6,655,583
100$12,528,659$0$0$7,266,977