Can I retire at age 65 with 875,000?

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 $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%11.1%
1 years$72,257$71,613$70,985$70,372$69,774$69,451
2 years$35,771$35,104$34,459$33,833$33,226$32,899
3 years$23,610$22,941$22,297$21,677$21,080$20,760
4 years$17,531$16,864$16,227$15,617$15,034$14,725
5 years$13,885$13,222$12,593$11,995$11,429$11,130
6 years$11,455$10,797$10,177$9,593$9,043$8,755
7 years$9,719$9,067$8,457$7,887$7,355$7,077
8 years$8,419$7,772$7,172$6,616$6,101$5,835
9 years$7,407$6,767$6,177$5,635$5,138$4,883
10 years$6,599$5,965$5,385$4,858$4,378$4,133
11 years$5,938$5,310$4,741$4,228$3,765$3,531
12 years$5,387$4,766$4,208$3,708$3,263$3,039
13 years$4,922$4,307$3,759$3,274$2,845$2,632
14 years$4,523$3,915$3,378$2,906$2,494$2,291
15 years$4,178$3,576$3,050$2,592$2,196$2,003
16 years$3,877$3,281$2,765$2,321$1,941$1,757
17 years$3,611$3,022$2,516$2,085$1,721$1,546
18 years$3,375$2,792$2,297$1,879$1,530$1,364
19 years$3,164$2,588$2,103$1,698$1,364$1,207
20 years$2,974$2,405$1,930$1,538$1,218$1,069
21 years$2,802$2,240$1,775$1,396$1,090$949
22 years$2,647$2,091$1,636$1,269$977$844
23 years$2,505$1,956$1,510$1,156$877$752
24 years$2,375$1,832$1,397$1,054$788$670
25 years$2,256$1,720$1,294$963$709$598
26 years$2,146$1,616$1,200$880$639$534
27 years$2,044$1,521$1,114$806$576$477
28 years$1,950$1,433$1,036$738$520$427
29 years$1,863$1,352$964$677$469$382
30 years$1,781$1,277$898$621$424$342
31 years$1,705$1,207$837$571$383$307
32 years$1,634$1,142$781$524$347$275
33 years$1,567$1,082$729$482$314$247
34 years$1,504$1,025$681$444$284$221
35 years$1,445$972$637$408$257$199
36 years$1,390$923$596$376$233$178
37 years$1,337$877$558$347$211$160
38 years$1,288$833$522$319$192$144
39 years$1,241$792$489$295$174$129
40 years$1,196$754$459$272$158$116
41 years$1,154$717$430$251$143$104
42 years$1,114$683$403$231$130$94
43 years$1,076$651$379$214$118$84
44 years$1,040$620$355$197$107$76
45 years$1,005$592$334$182$97$68
46 years$972$564$313$168$88$61
47 years$941$539$294$155$80$55
48 years$911$514$277$144$73$50
49 years$882$491$260$133$66$45
50 years$854$469$244$123$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $875,000, adding $4,285 every year, while hoping to spend $47,448 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: 43/28/29 Blend
64$875,000$875,000$875,000$875,000
65$968,670$922,295$908,732$1,001,974
66$1,016,990$917,003$888,691$1,021,004
67$1,068,648$909,862$866,387$1,036,808
68$1,123,936$900,730$841,696$1,053,034
69$1,183,170$889,459$814,486$1,069,751
70$1,246,701$875,890$784,619$1,087,037
71$1,314,912$859,856$751,952$1,104,980
72$1,388,224$841,180$716,332$1,123,683
73$1,467,098$819,672$677,604$1,143,262
74$1,552,041$795,135$635,603$1,163,851
75$1,643,610$767,358$590,157$1,185,599
76$1,742,417$736,117$541,086$1,208,678
77$1,849,134$701,177$488,203$1,233,281
78$1,964,499$662,289$431,311$1,259,624
79$2,089,324$619,187$370,206$1,287,955
80$2,224,501$571,593$304,674$1,318,550
81$2,371,011$519,213$234,492$1,351,721
82$2,529,934$461,733$159,427$1,387,817
83$2,702,454$398,825$79,235$1,427,231
84$2,889,877$330,140$0$1,470,403
85$3,093,638$255,311$0$1,519,790
86$3,315,316$173,948$0$1,600,270
87$3,556,648$85,641$0$1,688,003
88$3,819,546$0$0$1,783,766
89$4,106,113$0$0$1,891,517
90$4,418,665$0$0$2,037,915
91$4,759,750$0$0$2,197,780
92$5,132,172$0$0$2,372,439
93$5,539,019$0$0$2,563,354
94$5,983,691$0$0$2,772,133
95$6,469,930$0$0$3,000,548
96$7,001,855$0$0$3,250,550
97$7,584,006$0$0$3,524,286
98$8,221,376$0$0$3,824,122
99$8,919,468$0$0$4,152,662
100$9,684,339$0$0$4,512,776