Can I retire at age 65 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$72,009$71,368$70,742$70,131$69,535$69,010
2 years$35,648$34,984$34,341$33,717$33,112$32,582
3 years$23,529$22,862$22,221$21,603$21,007$20,490
4 years$17,471$16,806$16,171$15,564$14,983$14,482
5 years$13,837$13,176$12,549$11,954$11,390$10,906
6 years$11,415$10,760$10,142$9,560$9,012$8,547
7 years$9,686$9,036$8,428$7,860$7,329$6,882
8 years$8,390$7,745$7,147$6,593$6,080$5,652
9 years$7,382$6,744$6,156$5,616$5,121$4,710
10 years$6,576$5,944$5,367$4,841$4,363$3,971
11 years$5,918$5,292$4,725$4,213$3,752$3,378
12 years$5,369$4,750$4,193$3,696$3,252$2,895
13 years$4,905$4,292$3,746$3,263$2,836$2,495
14 years$4,508$3,902$3,366$2,896$2,486$2,162
15 years$4,164$3,564$3,039$2,583$2,189$1,881
16 years$3,863$3,270$2,756$2,313$1,934$1,643
17 years$3,598$3,012$2,507$2,078$1,715$1,439
18 years$3,363$2,783$2,289$1,873$1,525$1,263
19 years$3,153$2,579$2,095$1,692$1,359$1,112
20 years$2,964$2,397$1,923$1,533$1,214$980
21 years$2,793$2,232$1,769$1,391$1,086$866
22 years$2,638$2,084$1,630$1,265$974$766
23 years$2,496$1,949$1,505$1,152$874$678
24 years$2,367$1,826$1,392$1,050$786$601
25 years$2,248$1,714$1,289$959$707$534
26 years$2,139$1,611$1,196$877$637$474
27 years$2,037$1,516$1,110$803$574$421
28 years$1,943$1,428$1,032$736$518$375
29 years$1,856$1,347$961$675$468$334
30 years$1,775$1,272$895$619$423$297
31 years$1,699$1,203$834$569$382$265
32 years$1,628$1,138$778$523$346$236
33 years$1,562$1,078$727$481$313$211
34 years$1,499$1,022$679$442$283$188
35 years$1,440$969$635$407$257$168
36 years$1,385$920$594$375$232$150
37 years$1,333$874$556$345$211$134
38 years$1,283$830$521$318$191$119
39 years$1,236$789$488$294$173$106
40 years$1,192$751$457$271$157$95
41 years$1,150$715$429$250$143$85
42 years$1,110$681$402$231$129$76
43 years$1,072$649$377$213$117$68
44 years$1,036$618$354$196$107$61
45 years$1,002$590$333$181$97$54
46 years$969$563$312$168$88$48
47 years$937$537$293$155$80$43
48 years$907$512$276$143$72$39
49 years$879$489$259$132$66$35
50 years$851$467$244$122$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $872,000, adding $2,364 every year, while hoping to spend $41,793 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: 53/20/27 Blend
64$872,000$872,000$872,000$872,000
65$963,382$917,166$903,650$1,007,076
66$1,017,180$917,640$889,455$1,038,055
67$1,075,064$916,736$873,384$1,067,291
68$1,137,408$914,343$855,329$1,098,268
69$1,204,620$910,343$835,179$1,131,171
70$1,277,151$904,609$812,817$1,166,202
71$1,355,494$897,009$788,120$1,203,589
72$1,440,192$887,400$760,960$1,243,582
73$1,531,842$875,633$731,203$1,286,462
74$1,631,100$861,550$698,709$1,332,540
75$1,738,688$844,981$663,331$1,382,160
76$1,855,398$825,748$624,916$1,435,706
77$1,982,101$803,663$583,304$1,493,603
78$2,119,759$778,526$538,328$1,556,322
79$2,269,425$750,125$489,813$1,624,388
80$2,432,261$718,235$437,576$1,698,380
81$2,609,544$682,621$381,427$1,778,942
82$2,802,680$643,032$321,167$1,866,786
83$3,013,214$599,201$256,587$1,962,702
84$3,242,850$550,850$187,471$2,067,566
85$3,493,461$497,682$113,591$2,182,345
86$3,767,109$439,383$34,711$2,308,114
87$4,066,064$375,624$0$2,446,060
88$4,392,827$306,053$0$2,611,749
89$4,750,148$230,302$0$2,803,982
90$5,141,057$147,981$0$3,014,436
91$5,568,890$58,677$0$3,244,973
92$6,037,321$0$0$3,497,645
93$6,550,394$0$0$3,783,092
94$7,112,565$0$0$4,110,088
95$7,728,739$0$0$4,468,582
96$8,404,320$0$0$4,861,730
97$9,145,258$0$0$5,293,005
98$9,958,109$0$0$5,766,234
99$10,850,091$0$0$6,285,634
100$11,829,158$0$0$6,855,846