Can I retire at age 65 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$71,844$71,204$70,579$69,970$69,375$67,534
2 years$35,566$34,904$34,262$33,639$33,036$31,193
3 years$23,475$22,810$22,170$21,553$20,959$19,174
4 years$17,431$16,768$16,134$15,528$14,948$13,233
5 years$13,805$13,146$12,521$11,927$11,363$9,723
6 years$11,389$10,735$10,118$9,538$8,992$7,428
7 years$9,664$9,015$8,408$7,842$7,313$5,826
8 years$8,371$7,728$7,131$6,578$6,066$4,656
9 years$7,365$6,728$6,142$5,603$5,109$3,773
10 years$6,561$5,931$5,355$4,830$4,353$3,091
11 years$5,904$5,280$4,714$4,204$3,744$2,553
12 years$5,357$4,739$4,184$3,687$3,244$2,122
13 years$4,894$4,282$3,738$3,255$2,829$1,774
14 years$4,498$3,893$3,359$2,890$2,480$1,489
15 years$4,154$3,556$3,032$2,577$2,183$1,254
16 years$3,854$3,263$2,749$2,307$1,930$1,060
17 years$3,590$3,005$2,502$2,073$1,711$898
18 years$3,355$2,776$2,284$1,868$1,521$762
19 years$3,145$2,573$2,091$1,688$1,356$648
20 years$2,957$2,391$1,919$1,529$1,211$551
21 years$2,786$2,227$1,765$1,388$1,084$470
22 years$2,632$2,079$1,627$1,262$972$401
23 years$2,491$1,945$1,502$1,149$872$342
24 years$2,362$1,822$1,389$1,048$784$293
25 years$2,243$1,710$1,286$957$705$250
26 years$2,134$1,607$1,193$875$635$214
27 years$2,033$1,512$1,108$801$573$183
28 years$1,939$1,425$1,030$734$517$157
29 years$1,852$1,344$958$673$467$135
30 years$1,771$1,270$893$618$422$115
31 years$1,695$1,200$832$567$381$99
32 years$1,624$1,136$777$521$345$85
33 years$1,558$1,075$725$479$312$73
34 years$1,496$1,019$677$441$283$62
35 years$1,437$967$633$406$256$53
36 years$1,382$918$593$374$232$46
37 years$1,330$872$555$345$210$39
38 years$1,280$828$519$318$191$34
39 years$1,234$788$487$293$173$29
40 years$1,189$749$456$270$157$25
41 years$1,147$713$428$249$142$21
42 years$1,108$679$401$230$129$18
43 years$1,070$647$376$212$117$16
44 years$1,034$617$353$196$106$13
45 years$999$588$332$181$97$12
46 years$967$561$312$167$88$10
47 years$935$536$293$154$80$9
48 years$905$511$275$143$72$7
49 years$877$488$259$132$66$6
50 years$849$466$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $870,000, adding $2,218 every year, while hoping to spend $28,062 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: 54/29/17 Blend
64$870,000$870,000$870,000$870,000
65$961,028$914,918$901,433$1,008,421
66$1,029,195$929,891$901,773$1,056,011
67$1,103,375$944,657$901,184$1,104,613
68$1,184,150$959,177$899,606$1,156,894
69$1,272,165$973,408$896,973$1,213,211
70$1,368,124$987,303$893,220$1,273,960
71$1,472,807$1,000,815$888,277$1,339,576
72$1,587,068$1,013,891$882,070$1,410,541
73$1,711,852$1,026,474$874,522$1,487,384
74$1,848,195$1,038,506$865,553$1,570,691
75$1,997,240$1,049,921$855,078$1,661,107
76$2,160,244$1,060,653$843,008$1,759,345
77$2,338,592$1,070,628$829,252$1,866,190
78$2,533,808$1,079,769$813,712$1,982,509
79$2,747,572$1,087,993$796,287$2,109,258
80$2,981,733$1,095,212$776,870$2,247,492
81$3,238,325$1,101,334$755,352$2,398,376
82$3,519,593$1,106,258$731,614$2,563,192
83$3,828,005$1,109,878$705,537$2,743,358
84$4,166,281$1,112,082$676,992$2,940,434
85$4,537,419$1,112,750$645,848$3,156,145
86$4,944,716$1,111,756$611,965$3,392,391
87$5,391,809$1,108,964$575,198$3,651,270
88$5,882,702$1,104,232$535,395$3,935,093
89$6,421,805$1,097,406$492,399$4,246,411
90$7,013,978$1,088,327$446,042$4,588,038
91$7,664,571$1,076,824$396,153$4,963,077
92$8,379,484$1,062,714$342,550$5,374,950
93$9,165,211$1,045,807$285,045$5,827,432
94$10,028,909$1,025,898$223,440$6,324,684
95$10,978,463$1,002,772$157,531$6,871,298
96$12,022,559$976,201$87,101$7,472,335
97$13,170,769$945,944$11,928$8,133,378
98$14,433,636$911,744$0$8,860,583
99$15,822,778$873,330$0$9,673,127
100$17,350,996$830,418$0$10,569,220