Can I retire at age 65 with 873,000?

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 $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%12.7%
1 years$72,092$71,449$70,823$70,211$69,614$68,830
2 years$35,689$35,024$34,380$33,755$33,150$32,360
3 years$23,556$22,889$22,246$21,627$21,031$20,261
4 years$17,491$16,826$16,190$15,581$15,000$14,255
5 years$13,853$13,191$12,564$11,968$11,403$10,685
6 years$11,428$10,772$10,153$9,571$9,023$8,333
7 years$9,697$9,046$8,437$7,869$7,338$6,677
8 years$8,399$7,754$7,156$6,601$6,087$5,455
9 years$7,390$6,751$6,163$5,623$5,126$4,522
10 years$6,584$5,951$5,373$4,847$4,368$3,792
11 years$5,924$5,298$4,730$4,218$3,757$3,207
12 years$5,375$4,755$4,198$3,700$3,255$2,733
13 years$4,911$4,297$3,751$3,266$2,839$2,343
14 years$4,513$3,906$3,370$2,900$2,488$2,018
15 years$4,169$3,568$3,043$2,586$2,191$1,745
16 years$3,868$3,274$2,759$2,315$1,936$1,514
17 years$3,602$3,015$2,510$2,080$1,717$1,318
18 years$3,367$2,786$2,292$1,875$1,527$1,150
19 years$3,156$2,582$2,098$1,694$1,361$1,005
20 years$2,967$2,399$1,925$1,534$1,215$881
21 years$2,796$2,235$1,771$1,392$1,088$773
22 years$2,641$2,086$1,632$1,266$975$679
23 years$2,499$1,951$1,507$1,153$875$597
24 years$2,370$1,828$1,394$1,052$787$526
25 years$2,251$1,716$1,291$960$708$463
26 years$2,141$1,612$1,197$878$638$409
27 years$2,040$1,517$1,112$804$575$361
28 years$1,946$1,430$1,033$736$519$319
29 years$1,858$1,349$962$675$468$282
30 years$1,777$1,274$896$620$423$249
31 years$1,701$1,204$835$569$383$220
32 years$1,630$1,140$779$523$346$195
33 years$1,563$1,079$728$481$313$172
34 years$1,501$1,023$680$443$284$153
35 years$1,442$970$636$407$257$135
36 years$1,387$921$595$375$233$120
37 years$1,334$875$556$346$211$106
38 years$1,285$831$521$319$191$94
39 years$1,238$790$488$294$173$83
40 years$1,194$752$458$271$157$74
41 years$1,151$716$429$250$143$65
42 years$1,111$682$403$231$129$58
43 years$1,073$649$378$213$118$51
44 years$1,037$619$355$197$107$46
45 years$1,003$590$333$182$97$40
46 years$970$563$313$168$88$36
47 years$938$537$294$155$80$32
48 years$908$513$276$143$73$28
49 years$880$490$259$132$66$25
50 years$852$468$244$122$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $873,000, adding $4,886 every year, while hoping to spend $53,716 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: 37/41/22 Blend
64$873,000$873,000$873,000$873,000
65$967,086$920,817$907,285$996,315
66$1,008,575$908,784$880,526$1,006,027
67$1,052,496$894,360$851,070$1,011,152
68$1,099,040$877,373$818,770$1,015,601
69$1,148,416$857,638$783,472$1,019,344
70$1,200,852$834,960$745,017$1,022,356
71$1,256,599$809,133$703,234$1,024,611
72$1,315,929$779,938$657,950$1,026,087
73$1,379,143$747,143$608,980$1,026,764
74$1,446,567$710,505$556,133$1,026,628
75$1,518,562$669,765$499,208$1,025,669
76$1,595,520$624,648$437,996$1,023,881
77$1,677,872$574,865$372,279$1,021,266
78$1,766,093$520,111$301,828$1,017,834
79$1,860,699$460,062$226,404$1,013,604
80$1,962,262$394,376$145,760$1,008,604
81$2,071,404$322,692$59,634$1,002,874
82$2,188,812$244,629$0$996,468
83$2,315,239$159,784$0$997,034
84$2,451,511$67,731$0$1,012,512
85$2,598,537$0$0$1,029,066
86$2,757,314$0$0$1,061,325
87$2,928,938$0$0$1,129,321
88$3,114,615$0$0$1,202,984
89$3,315,670$0$0$1,282,852
90$3,533,557$0$0$1,369,518
91$3,769,880$0$0$1,463,631
92$4,026,398$0$0$1,565,909
93$4,305,049$0$0$1,677,138
94$4,607,963$0$0$1,798,184
95$4,937,483$0$0$1,930,002
96$5,296,190$0$0$2,073,640
97$5,686,919$0$0$2,230,252
98$6,112,795$0$0$2,401,110
99$6,577,252$0$0$2,587,611
100$7,084,075$0$0$2,791,296