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%11.6%
1 years$72,092$71,449$70,823$70,211$69,614$69,147
2 years$35,689$35,024$34,380$33,755$33,150$32,678
3 years$23,556$22,889$22,246$21,627$21,031$20,570
4 years$17,491$16,826$16,190$15,581$15,000$14,553
5 years$13,853$13,191$12,564$11,968$11,403$10,971
6 years$11,428$10,772$10,153$9,571$9,023$8,607
7 years$9,697$9,046$8,437$7,869$7,338$6,939
8 years$8,399$7,754$7,156$6,601$6,087$5,704
9 years$7,390$6,751$6,163$5,623$5,126$4,760
10 years$6,584$5,951$5,373$4,847$4,368$4,017
11 years$5,924$5,298$4,730$4,218$3,757$3,421
12 years$5,375$4,755$4,198$3,700$3,255$2,936
13 years$4,911$4,297$3,751$3,266$2,839$2,534
14 years$4,513$3,906$3,370$2,900$2,488$2,199
15 years$4,169$3,568$3,043$2,586$2,191$1,915
16 years$3,868$3,274$2,759$2,315$1,936$1,675
17 years$3,602$3,015$2,510$2,080$1,717$1,469
18 years$3,367$2,786$2,292$1,875$1,527$1,292
19 years$3,156$2,582$2,098$1,694$1,361$1,138
20 years$2,967$2,399$1,925$1,534$1,215$1,005
21 years$2,796$2,235$1,771$1,392$1,088$889
22 years$2,641$2,086$1,632$1,266$975$788
23 years$2,499$1,951$1,507$1,153$875$699
24 years$2,370$1,828$1,394$1,052$787$620
25 years$2,251$1,716$1,291$960$708$551
26 years$2,141$1,612$1,197$878$638$491
27 years$2,040$1,517$1,112$804$575$437
28 years$1,946$1,430$1,033$736$519$389
29 years$1,858$1,349$962$675$468$347
30 years$1,777$1,274$896$620$423$310
31 years$1,701$1,204$835$569$383$276
32 years$1,630$1,140$779$523$346$247
33 years$1,563$1,079$728$481$313$220
34 years$1,501$1,023$680$443$284$197
35 years$1,442$970$636$407$257$176
36 years$1,387$921$595$375$233$157
37 years$1,334$875$556$346$211$141
38 years$1,285$831$521$319$191$126
39 years$1,238$790$488$294$173$113
40 years$1,194$752$458$271$157$101
41 years$1,151$716$429$250$143$90
42 years$1,111$682$403$231$129$81
43 years$1,073$649$378$213$118$72
44 years$1,037$619$355$197$107$65
45 years$1,003$590$333$182$97$58
46 years$970$563$313$168$88$52
47 years$938$537$294$155$80$46
48 years$908$513$276$143$73$42
49 years$880$490$259$132$66$37
50 years$852$468$244$122$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $873,000, adding $3,580 every year, while hoping to spend $55,433 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: 43/45/12 Blend
64$873,000$873,000$873,000$873,000
65$965,739$919,470$905,938$1,003,757
66$1,005,264$905,544$877,307$1,016,744
67$1,046,963$889,077$845,859$1,024,960
68$1,090,998$869,887$811,440$1,032,634
69$1,137,549$847,780$773,892$1,039,738
70$1,186,808$822,551$733,047$1,046,248
71$1,238,989$793,983$688,731$1,052,140
72$1,294,323$761,845$640,760$1,057,392
73$1,353,063$725,894$588,944$1,061,986
74$1,415,486$685,873$533,085$1,065,908
75$1,481,895$641,511$472,973$1,069,146
76$1,552,622$592,518$408,391$1,071,696
77$1,628,029$538,592$339,112$1,073,558
78$1,708,515$479,410$264,899$1,074,739
79$1,794,515$414,632$185,504$1,075,255
80$1,886,506$343,900$100,669$1,075,130
81$1,985,012$266,833$10,125$1,074,400
82$2,090,608$183,033$0$1,073,114
83$2,203,923$92,074$0$1,082,409
84$2,325,648$0$0$1,093,393
85$2,456,542$0$0$1,108,117
86$2,597,439$0$0$1,173,120
87$2,749,252$0$0$1,243,241
88$2,912,987$0$0$1,318,953
89$3,089,747$0$0$1,400,779
90$3,280,745$0$0$1,489,290
91$3,487,313$0$0$1,585,117
92$3,710,918$0$0$1,688,952
93$3,953,169$0$0$1,801,556
94$4,215,838$0$0$1,923,766
95$4,500,871$0$0$2,056,502
96$4,810,411$0$0$2,200,778
97$5,146,813$0$0$2,357,707
98$5,512,669$0$0$2,528,514
99$5,910,830$0$0$2,714,550
100$6,344,433$0$0$2,917,297