Can I retire at age 65 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$72,257$71,613$70,985$70,372$69,774$68,087
2 years$35,771$35,104$34,459$33,833$33,226$31,536
3 years$23,610$22,941$22,297$21,677$21,080$19,441
4 years$17,531$16,864$16,227$15,617$15,034$13,458
5 years$13,885$13,222$12,593$11,995$11,429$9,920
6 years$11,455$10,797$10,177$9,593$9,043$7,603
7 years$9,719$9,067$8,457$7,887$7,355$5,984
8 years$8,419$7,772$7,172$6,616$6,101$4,799
9 years$7,407$6,767$6,177$5,635$5,138$3,903
10 years$6,599$5,965$5,385$4,858$4,378$3,209
11 years$5,938$5,310$4,741$4,228$3,765$2,661
12 years$5,387$4,766$4,208$3,708$3,263$2,221
13 years$4,922$4,307$3,759$3,274$2,845$1,864
14 years$4,523$3,915$3,378$2,906$2,494$1,571
15 years$4,178$3,576$3,050$2,592$2,196$1,329
16 years$3,877$3,281$2,765$2,321$1,941$1,128
17 years$3,611$3,022$2,516$2,085$1,721$959
18 years$3,375$2,792$2,297$1,879$1,530$818
19 years$3,164$2,588$2,103$1,698$1,364$698
20 years$2,974$2,405$1,930$1,538$1,218$597
21 years$2,802$2,240$1,775$1,396$1,090$511
22 years$2,647$2,091$1,636$1,269$977$438
23 years$2,505$1,956$1,510$1,156$877$376
24 years$2,375$1,832$1,397$1,054$788$323
25 years$2,256$1,720$1,294$963$709$278
26 years$2,146$1,616$1,200$880$639$239
27 years$2,044$1,521$1,114$806$576$205
28 years$1,950$1,433$1,036$738$520$177
29 years$1,863$1,352$964$677$469$152
30 years$1,781$1,277$898$621$424$131
31 years$1,705$1,207$837$571$383$113
32 years$1,634$1,142$781$524$347$97
33 years$1,567$1,082$729$482$314$84
34 years$1,504$1,025$681$444$284$72
35 years$1,445$972$637$408$257$62
36 years$1,390$923$596$376$233$54
37 years$1,337$877$558$347$211$46
38 years$1,288$833$522$319$192$40
39 years$1,241$792$489$295$174$34
40 years$1,196$754$459$272$158$30
41 years$1,154$717$430$251$143$26
42 years$1,114$683$403$231$130$22
43 years$1,076$651$379$214$118$19
44 years$1,040$620$355$197$107$16
45 years$1,005$592$334$182$97$14
46 years$972$564$313$168$88$12
47 years$941$539$294$155$80$11
48 years$911$514$277$144$73$9
49 years$882$491$260$133$66$8
50 years$854$469$244$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $875,000, adding $2,057 every year, while hoping to spend $20,855 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: 70/8/22 Blend
64$875,000$875,000$875,000$875,000
65$966,372$919,997$906,434$1,028,586
66$1,042,752$942,887$914,610$1,093,296
67$1,126,224$966,200$922,361$1,161,463
68$1,217,490$989,934$929,651$1,235,574
69$1,317,320$1,014,088$936,441$1,316,216
70$1,426,567$1,038,658$942,691$1,404,035
71$1,546,165$1,063,640$948,360$1,499,744
72$1,677,146$1,089,031$953,402$1,604,127
73$1,820,645$1,114,824$957,771$1,718,050
74$1,977,913$1,141,012$961,418$1,842,465
75$2,150,326$1,167,587$964,292$1,978,422
76$2,339,401$1,194,541$966,338$2,127,078
77$2,546,809$1,221,862$967,499$2,289,708
78$2,774,389$1,249,539$967,716$2,467,716
79$3,024,168$1,277,558$966,926$2,662,652
80$3,298,378$1,305,904$965,063$2,876,220
81$3,599,480$1,334,560$962,059$3,110,300
82$3,930,180$1,363,507$957,842$3,366,964
83$4,293,464$1,392,724$952,335$3,648,496
84$4,692,618$1,422,189$945,459$3,957,411
85$5,131,265$1,451,876$937,131$4,296,482
86$5,613,393$1,481,757$927,265$4,668,765
87$6,143,399$1,511,803$915,768$5,077,626
88$6,726,125$1,541,981$902,546$5,526,778
89$7,366,907$1,572,254$887,497$6,020,310
90$8,071,621$1,602,585$870,519$6,562,730
91$8,846,745$1,632,930$851,500$7,159,004
92$9,699,414$1,663,244$830,326$7,814,608
93$10,637,489$1,693,479$806,877$8,535,575
94$11,669,634$1,723,580$781,028$9,328,553
95$12,805,391$1,753,490$752,647$10,200,871
96$14,055,278$1,783,147$721,597$11,160,605
97$15,430,881$1,812,486$687,735$12,216,654
98$16,944,967$1,841,434$650,911$13,378,828
99$18,611,604$1,869,915$610,967$14,657,936
100$20,446,293$1,897,846$567,739$16,065,891