Can I retire at age 65 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,339$71,695$71,066$70,453$69,853$68,981
2 years$35,812$35,145$34,498$33,871$33,264$32,385
3 years$23,637$22,967$22,323$21,702$21,104$20,247
4 years$17,551$16,883$16,245$15,635$15,051$14,223
5 years$13,901$13,237$12,607$12,009$11,442$10,645
6 years$11,468$10,809$10,188$9,604$9,054$8,288
7 years$9,730$9,077$8,466$7,896$7,363$6,630
8 years$8,428$7,781$7,180$6,624$6,108$5,407
9 years$7,416$6,775$6,184$5,642$5,144$4,475
10 years$6,606$5,972$5,392$4,863$4,383$3,745
11 years$5,945$5,316$4,747$4,233$3,770$3,162
12 years$5,394$4,771$4,213$3,713$3,267$2,689
13 years$4,928$4,312$3,764$3,278$2,849$2,301
14 years$4,529$3,919$3,382$2,909$2,497$1,978
15 years$4,183$3,581$3,053$2,595$2,199$1,707
16 years$3,881$3,285$2,768$2,323$1,943$1,478
17 years$3,615$3,025$2,519$2,087$1,723$1,284
18 years$3,378$2,796$2,299$1,881$1,532$1,118
19 years$3,167$2,591$2,105$1,700$1,365$975
20 years$2,977$2,408$1,932$1,540$1,220$852
21 years$2,806$2,243$1,777$1,397$1,091$746
22 years$2,650$2,093$1,638$1,270$978$654
23 years$2,508$1,958$1,512$1,157$878$574
24 years$2,378$1,834$1,399$1,055$789$504
25 years$2,258$1,722$1,295$964$710$443
26 years$2,148$1,618$1,201$881$640$390
27 years$2,047$1,523$1,116$807$577$343
28 years$1,952$1,435$1,037$739$520$303
29 years$1,865$1,354$965$678$470$267
30 years$1,783$1,278$899$622$425$235
31 years$1,707$1,208$838$571$384$208
32 years$1,636$1,143$782$525$347$183
33 years$1,569$1,083$730$483$314$162
34 years$1,506$1,026$682$444$285$143
35 years$1,447$973$638$409$258$126
36 years$1,391$924$597$377$234$111
37 years$1,339$878$558$347$212$99
38 years$1,289$834$523$320$192$87
39 years$1,242$793$490$295$174$77
40 years$1,198$754$459$272$158$68
41 years$1,155$718$431$251$143$60
42 years$1,115$684$404$232$130$53
43 years$1,077$652$379$214$118$47
44 years$1,041$621$356$197$107$42
45 years$1,006$592$334$182$97$37
46 years$973$565$314$168$88$33
47 years$942$539$295$156$80$29
48 years$912$515$277$144$73$25
49 years$883$492$260$133$66$23
50 years$855$470$245$123$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $876,000, adding $3,474 every year, while hoping to spend $23,183 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: 29/41/30 Blend
64$876,000$876,000$876,000$876,000
65$968,935$922,507$908,929$988,013
66$1,043,100$943,044$914,712$1,024,027
67$1,124,053$963,809$919,911$1,060,488
68$1,212,461$984,791$924,483$1,099,231
69$1,309,061$1,005,974$928,382$1,140,471
70$1,414,660$1,027,342$931,558$1,184,444
71$1,530,152$1,048,878$933,961$1,231,413
72$1,656,516$1,070,562$935,538$1,281,665
73$1,794,833$1,092,372$936,231$1,335,520
74$1,946,293$1,114,285$935,982$1,393,328
75$2,112,207$1,136,277$934,729$1,455,480
76$2,294,016$1,158,319$932,406$1,522,404
77$2,493,311$1,180,381$928,947$1,594,574
78$2,711,840$1,202,432$924,278$1,672,513
79$2,951,532$1,224,435$918,326$1,756,800
80$3,214,510$1,246,354$911,012$1,848,071
81$3,503,113$1,268,148$902,253$1,947,032
82$3,819,915$1,289,772$891,963$2,054,459
83$4,167,755$1,311,180$880,053$2,171,213
84$4,549,759$1,332,320$866,427$2,298,239
85$4,969,369$1,353,138$850,987$2,436,586
86$5,430,378$1,373,576$833,629$2,587,407
87$5,936,966$1,393,570$814,244$2,751,978
88$6,493,735$1,413,054$792,720$2,931,705
89$7,105,757$1,431,955$768,938$3,128,143
90$7,778,620$1,450,196$742,773$3,343,004
91$8,518,480$1,467,696$714,096$3,578,181
92$9,332,118$1,484,366$682,771$3,835,762
93$10,227,006$1,500,113$648,657$4,118,050
94$11,211,379$1,514,836$611,605$4,427,587
95$12,294,306$1,528,429$571,460$4,767,178
96$13,485,781$1,540,778$528,060$5,139,919
97$14,796,816$1,551,762$481,236$5,549,224
98$16,239,545$1,561,252$430,811$5,998,860
99$17,827,337$1,569,111$376,600$6,492,984
100$19,574,920$1,575,193$318,412$7,036,180