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%14.5%
1 years$72,092$71,449$70,823$70,211$69,614$68,321
2 years$35,689$35,024$34,380$33,755$33,150$31,851
3 years$23,556$22,889$22,246$21,627$21,031$19,769
4 years$17,491$16,826$16,190$15,581$15,000$13,782
5 years$13,853$13,191$12,564$11,968$11,403$10,234
6 years$11,428$10,772$10,153$9,571$9,023$7,904
7 years$9,697$9,046$8,437$7,869$7,338$6,269
8 years$8,399$7,754$7,156$6,601$6,087$5,069
9 years$7,390$6,751$6,163$5,623$5,126$4,158
10 years$6,584$5,951$5,373$4,847$4,368$3,448
11 years$5,924$5,298$4,730$4,218$3,757$2,884
12 years$5,375$4,755$4,198$3,700$3,255$2,429
13 years$4,911$4,297$3,751$3,266$2,839$2,058
14 years$4,513$3,906$3,370$2,900$2,488$1,751
15 years$4,169$3,568$3,043$2,586$2,191$1,496
16 years$3,868$3,274$2,759$2,315$1,936$1,282
17 years$3,602$3,015$2,510$2,080$1,717$1,102
18 years$3,367$2,786$2,292$1,875$1,527$949
19 years$3,156$2,582$2,098$1,694$1,361$819
20 years$2,967$2,399$1,925$1,534$1,215$708
21 years$2,796$2,235$1,771$1,392$1,088$612
22 years$2,641$2,086$1,632$1,266$975$531
23 years$2,499$1,951$1,507$1,153$875$460
24 years$2,370$1,828$1,394$1,052$787$400
25 years$2,251$1,716$1,291$960$708$347
26 years$2,141$1,612$1,197$878$638$302
27 years$2,040$1,517$1,112$804$575$263
28 years$1,946$1,430$1,033$736$519$229
29 years$1,858$1,349$962$675$468$199
30 years$1,777$1,274$896$620$423$173
31 years$1,701$1,204$835$569$383$151
32 years$1,630$1,140$779$523$346$132
33 years$1,563$1,079$728$481$313$115
34 years$1,501$1,023$680$443$284$100
35 years$1,442$970$636$407$257$87
36 years$1,387$921$595$375$233$76
37 years$1,334$875$556$346$211$67
38 years$1,285$831$521$319$191$58
39 years$1,238$790$488$294$173$51
40 years$1,194$752$458$271$157$44
41 years$1,151$716$429$250$143$39
42 years$1,111$682$403$231$129$34
43 years$1,073$649$378$213$118$29
44 years$1,037$619$355$197$107$26
45 years$1,003$590$333$182$97$22
46 years$970$563$313$168$88$20
47 years$938$537$294$155$80$17
48 years$908$513$276$143$73$15
49 years$880$490$259$132$66$13
50 years$852$468$244$122$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $873,000, adding $3,195 every year, while hoping to spend $56,035 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: 52/39/9 Blend
64$873,000$873,000$873,000$873,000
65$965,342$919,073$905,541$1,013,162
66$1,004,186$904,486$876,256$1,031,459
67$1,045,114$887,307$844,112$1,045,036
68$1,088,279$867,349$808,953$1,058,482
69$1,133,849$844,415$770,619$1,071,797
70$1,182,007$818,296$728,939$1,084,986
71$1,232,950$788,771$683,737$1,098,054
72$1,286,896$755,606$634,828$1,111,015
73$1,344,082$718,554$582,017$1,123,885
74$1,404,769$677,353$525,105$1,136,686
75$1,469,238$631,726$463,879$1,149,449
76$1,537,800$581,380$398,119$1,162,211
77$1,610,795$526,007$327,595$1,175,019
78$1,688,593$465,279$252,067$1,187,930
79$1,771,603$398,850$171,284$1,201,012
80$1,860,268$326,356$84,984$1,214,346
81$1,955,078$247,410$0$1,228,031
82$2,056,569$161,606$0$1,242,863
83$2,165,326$68,512$0$1,267,044
84$2,281,995$0$0$1,292,590
85$2,407,282$0$0$1,333,581
86$2,541,963$0$0$1,409,313
87$2,686,889$0$0$1,490,870
88$2,842,996$0$0$1,578,788
89$3,011,309$0$0$1,673,652
90$3,192,958$0$0$1,776,107
91$3,389,182$0$0$1,886,863
92$3,601,343$0$0$2,006,699
93$3,830,937$0$0$2,136,470
94$4,079,612$0$0$2,277,118
95$4,349,176$0$0$2,429,678
96$4,641,618$0$0$2,595,288
97$4,959,128$0$0$2,775,201
98$5,304,112$0$0$2,970,793
99$5,679,218$0$0$3,183,581
100$6,087,358$0$0$3,415,230