Can I retire at age 65 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$72,092$71,449$70,823$70,211$69,614$69,002
2 years$35,689$35,024$34,380$33,755$33,150$32,533
3 years$23,556$22,889$22,246$21,627$21,031$20,429
4 years$17,491$16,826$16,190$15,581$15,000$14,416
5 years$13,853$13,191$12,564$11,968$11,403$10,840
6 years$11,428$10,772$10,153$9,571$9,023$8,481
7 years$9,697$9,046$8,437$7,869$7,338$6,818
8 years$8,399$7,754$7,156$6,601$6,087$5,590
9 years$7,390$6,751$6,163$5,623$5,126$4,650
10 years$6,584$5,951$5,373$4,847$4,368$3,913
11 years$5,924$5,298$4,730$4,218$3,757$3,323
12 years$5,375$4,755$4,198$3,700$3,255$2,842
13 years$4,911$4,297$3,751$3,266$2,839$2,445
14 years$4,513$3,906$3,370$2,900$2,488$2,115
15 years$4,169$3,568$3,043$2,586$2,191$1,836
16 years$3,868$3,274$2,759$2,315$1,936$1,600
17 years$3,602$3,015$2,510$2,080$1,717$1,398
18 years$3,367$2,786$2,292$1,875$1,527$1,225
19 years$3,156$2,582$2,098$1,694$1,361$1,076
20 years$2,967$2,399$1,925$1,534$1,215$947
21 years$2,796$2,235$1,771$1,392$1,088$834
22 years$2,641$2,086$1,632$1,266$975$736
23 years$2,499$1,951$1,507$1,153$875$651
24 years$2,370$1,828$1,394$1,052$787$576
25 years$2,251$1,716$1,291$960$708$510
26 years$2,141$1,612$1,197$878$638$452
27 years$2,040$1,517$1,112$804$575$401
28 years$1,946$1,430$1,033$736$519$355
29 years$1,858$1,349$962$675$468$316
30 years$1,777$1,274$896$620$423$280
31 years$1,701$1,204$835$569$383$249
32 years$1,630$1,140$779$523$346$222
33 years$1,563$1,079$728$481$313$197
34 years$1,501$1,023$680$443$284$175
35 years$1,442$970$636$407$257$156
36 years$1,387$921$595$375$233$139
37 years$1,334$875$556$346$211$124
38 years$1,285$831$521$319$191$110
39 years$1,238$790$488$294$173$98
40 years$1,194$752$458$271$157$87
41 years$1,151$716$429$250$143$78
42 years$1,111$682$403$231$129$69
43 years$1,073$649$378$213$118$62
44 years$1,037$619$355$197$107$55
45 years$1,003$590$333$182$97$49
46 years$970$563$313$168$88$44
47 years$938$537$294$155$80$39
48 years$908$513$276$143$73$35
49 years$880$490$259$132$66$31
50 years$852$468$244$122$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $873,000, adding $5,899 every year, while hoping to spend $56,197 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: 43/30/27 Blend
64$873,000$873,000$873,000$873,000
65$968,131$921,862$908,330$1,001,922
66$1,007,087$907,240$878,966$1,012,040
67$1,048,133$890,018$846,735$1,017,204
68$1,091,423$870,009$811,481$1,021,715
69$1,137,125$847,016$773,042$1,025,544
70$1,185,421$820,830$731,248$1,028,666
71$1,236,511$791,227$685,922$1,031,056
72$1,290,613$757,975$636,879$1,032,692
73$1,347,965$720,825$583,923$1,033,553
74$1,408,826$679,514$526,853$1,033,626
75$1,473,481$633,765$465,458$1,032,897
76$1,542,241$583,285$399,516$1,031,361
77$1,615,446$527,762$328,796$1,029,017
78$1,693,469$466,870$253,058$1,025,871
79$1,776,718$400,262$172,050$1,021,937
80$1,865,639$327,570$85,510$1,017,239
81$1,960,723$248,410$0$1,011,811
82$2,062,505$162,371$0$1,007,671
83$2,171,577$69,023$0$1,029,325
84$2,288,582$0$0$1,052,274
85$2,414,230$0$0$1,087,296
86$2,549,299$0$0$1,149,513
87$2,694,643$0$0$1,216,543
88$2,851,199$0$0$1,288,828
89$3,019,998$0$0$1,366,855
90$3,202,170$0$0$1,451,157
91$3,398,959$0$0$1,542,321
92$3,611,731$0$0$1,640,993
93$3,841,987$0$0$1,747,883
94$4,091,378$0$0$1,863,770
95$4,361,719$0$0$1,989,512
96$4,655,004$0$0$2,126,052
97$4,973,428$0$0$2,274,428
98$5,319,405$0$0$2,435,781
99$5,695,591$0$0$2,611,367
100$6,104,907$0$0$2,802,567