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%13%
1 years$72,009$71,368$70,742$70,131$69,535$68,666
2 years$35,648$34,984$34,341$33,717$33,112$32,237
3 years$23,529$22,862$22,221$21,603$21,007$20,155
4 years$17,471$16,806$16,171$15,564$14,983$14,158
5 years$13,837$13,176$12,549$11,954$11,390$10,596
6 years$11,415$10,760$10,142$9,560$9,012$8,250
7 years$9,686$9,036$8,428$7,860$7,329$6,600
8 years$8,390$7,745$7,147$6,593$6,080$5,382
9 years$7,382$6,744$6,156$5,616$5,121$4,454
10 years$6,576$5,944$5,367$4,841$4,363$3,728
11 years$5,918$5,292$4,725$4,213$3,752$3,148
12 years$5,369$4,750$4,193$3,696$3,252$2,677
13 years$4,905$4,292$3,746$3,263$2,836$2,290
14 years$4,508$3,902$3,366$2,896$2,486$1,968
15 years$4,164$3,564$3,039$2,583$2,189$1,699
16 years$3,863$3,270$2,756$2,313$1,934$1,471
17 years$3,598$3,012$2,507$2,078$1,715$1,278
18 years$3,363$2,783$2,289$1,873$1,525$1,112
19 years$3,153$2,579$2,095$1,692$1,359$971
20 years$2,964$2,397$1,923$1,533$1,214$848
21 years$2,793$2,232$1,769$1,391$1,086$743
22 years$2,638$2,084$1,630$1,265$974$651
23 years$2,496$1,949$1,505$1,152$874$571
24 years$2,367$1,826$1,392$1,050$786$502
25 years$2,248$1,714$1,289$959$707$441
26 years$2,139$1,611$1,196$877$637$388
27 years$2,037$1,516$1,110$803$574$342
28 years$1,943$1,428$1,032$736$518$301
29 years$1,856$1,347$961$675$468$266
30 years$1,775$1,272$895$619$423$234
31 years$1,699$1,203$834$569$382$207
32 years$1,628$1,138$778$523$346$182
33 years$1,562$1,078$727$481$313$161
34 years$1,499$1,022$679$442$283$142
35 years$1,440$969$635$407$257$126
36 years$1,385$920$594$375$232$111
37 years$1,333$874$556$345$211$98
38 years$1,283$830$521$318$191$87
39 years$1,236$789$488$294$173$77
40 years$1,192$751$457$271$157$68
41 years$1,150$715$429$250$143$60
42 years$1,110$681$402$231$129$53
43 years$1,072$649$377$213$117$47
44 years$1,036$618$354$196$107$41
45 years$1,002$590$333$181$97$37
46 years$969$563$312$168$88$32
47 years$937$537$293$155$80$29
48 years$907$512$276$143$72$25
49 years$879$489$259$132$66$22
50 years$851$467$244$122$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $872,000, adding $4,725 every year, while hoping to spend $31,211 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: 83/6/11 Blend
64$872,000$872,000$872,000$872,000
65$965,818$919,602$906,086$1,043,838
66$1,031,123$931,454$903,231$1,107,468
67$1,102,043$942,841$899,235$1,172,694
68$1,179,118$953,707$894,026$1,243,381
69$1,262,942$963,992$887,530$1,320,062
70$1,354,168$973,633$879,668$1,403,320
71$1,453,514$982,563$870,358$1,493,800
72$1,561,773$990,708$859,515$1,592,211
73$1,679,813$997,993$847,049$1,699,335
74$1,808,594$1,004,335$832,865$1,816,031
75$1,949,170$1,009,647$816,865$1,943,248
76$2,102,702$1,013,836$798,947$2,082,031
77$2,270,468$1,016,804$779,002$2,233,529
78$2,453,875$1,018,446$756,917$2,399,011
79$2,654,471$1,018,651$732,575$2,579,872
80$2,873,963$1,017,301$705,852$2,777,653
81$3,114,228$1,014,270$676,619$2,994,047
82$3,377,335$1,009,424$644,741$3,230,923
83$3,665,560$1,002,623$610,077$3,490,338
84$3,981,411$993,716$572,479$3,774,562
85$4,327,652$982,544$531,794$4,086,093
86$4,707,323$968,940$487,860$4,427,685
87$5,123,776$952,724$440,509$4,802,371
88$5,580,701$933,707$389,565$5,213,496
89$6,082,162$911,688$334,845$5,664,745
90$6,632,638$886,456$276,158$6,160,178
91$7,237,060$857,785$213,302$6,704,270
92$7,900,862$825,439$146,070$7,301,951
93$8,630,028$789,164$74,242$7,958,655
94$9,431,153$748,695$0$8,680,372
95$10,311,500$703,750$0$9,473,982
96$11,279,071$654,032$0$10,355,794
97$12,342,682$599,225$0$11,325,127
98$13,512,045$538,997$0$12,390,845
99$14,797,861$472,995$0$13,562,712
100$16,211,919$400,848$0$14,851,488