Can I retire at age 65 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$72,504$71,859$71,228$70,613$70,013$67,772
2 years$35,893$35,225$34,577$33,949$33,340$31,102
3 years$23,691$23,020$22,374$21,751$21,152$18,989
4 years$17,591$16,922$16,282$15,671$15,086$13,013
5 years$13,932$13,267$12,636$12,037$11,468$9,492
6 years$11,494$10,834$10,212$9,626$9,074$7,196
7 years$9,753$9,098$8,486$7,914$7,380$5,599
8 years$8,447$7,799$7,197$6,639$6,122$4,438
9 years$7,433$6,790$6,198$5,655$5,156$3,566
10 years$6,622$5,985$5,404$4,874$4,393$2,896
11 years$5,958$5,328$4,758$4,242$3,778$2,370
12 years$5,406$4,782$4,222$3,721$3,274$1,952
13 years$4,939$4,322$3,772$3,285$2,855$1,616
14 years$4,539$3,928$3,389$2,916$2,503$1,344
15 years$4,193$3,589$3,060$2,601$2,204$1,121
16 years$3,890$3,293$2,775$2,329$1,948$938
17 years$3,623$3,032$2,525$2,092$1,727$786
18 years$3,386$2,802$2,305$1,886$1,535$660
19 years$3,174$2,597$2,110$1,704$1,369$555
20 years$2,984$2,413$1,936$1,543$1,222$468
21 years$2,812$2,248$1,781$1,400$1,094$394
22 years$2,656$2,098$1,642$1,273$981$333
23 years$2,514$1,962$1,516$1,160$880$281
24 years$2,383$1,839$1,402$1,058$791$238
25 years$2,264$1,725$1,298$966$712$201
26 years$2,153$1,622$1,204$883$641$170
27 years$2,051$1,526$1,118$808$578$144
28 years$1,957$1,438$1,039$741$522$122
29 years$1,869$1,357$967$679$471$103
30 years$1,787$1,281$901$623$426$87
31 years$1,711$1,211$840$572$385$74
32 years$1,639$1,146$784$526$348$63
33 years$1,572$1,085$732$484$315$53
34 years$1,509$1,029$684$445$285$45
35 years$1,450$976$639$410$258$38
36 years$1,394$926$598$377$234$32
37 years$1,342$880$560$348$212$27
38 years$1,292$836$524$321$192$23
39 years$1,245$795$491$296$174$20
40 years$1,200$756$460$273$158$17
41 years$1,158$720$432$251$144$14
42 years$1,118$686$405$232$130$12
43 years$1,080$653$380$214$118$10
44 years$1,043$623$357$198$107$9
45 years$1,009$594$335$183$97$7
46 years$975$566$314$169$88$6
47 years$944$541$295$156$80$5
48 years$914$516$278$144$73$4
49 years$885$493$261$133$66$4
50 years$857$471$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $878,000, adding $6,169 every year, while hoping to spend $36,758 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: 56/21/23 Blend
64$878,000$878,000$878,000$878,000
65$973,919$927,385$913,776$1,022,050
66$1,034,149$933,717$905,278$1,062,009
67$1,099,290$939,127$895,262$1,101,113
68$1,169,804$943,531$883,641$1,142,932
69$1,246,201$946,840$870,319$1,187,738
70$1,329,037$948,960$855,198$1,235,833
71$1,418,929$949,788$838,177$1,287,547
72$1,516,550$949,219$819,147$1,343,251
73$1,622,645$947,137$797,995$1,403,349
74$1,738,031$943,423$774,604$1,468,293
75$1,863,607$937,948$748,851$1,538,579
76$2,000,364$930,576$720,606$1,614,759
77$2,149,390$921,163$689,735$1,697,440
78$2,311,883$909,556$656,097$1,787,295
79$2,489,164$895,593$619,544$1,885,068
80$2,682,683$879,101$579,924$1,991,581
81$2,894,040$859,900$537,074$2,107,740
82$3,124,993$837,796$490,827$2,234,551
83$3,377,480$812,586$441,007$2,373,122
84$3,653,633$784,053$387,431$2,524,678
85$3,955,801$751,969$329,908$2,690,572
86$4,286,569$716,092$268,236$2,872,299
87$4,648,785$676,166$202,208$3,071,511
88$5,045,584$631,921$131,604$3,290,032
89$5,480,419$583,070$56,198$3,529,874
90$5,957,092$529,312$0$3,793,263
91$6,479,794$470,326$0$4,088,611
92$7,053,135$405,775$0$4,427,777
93$7,682,199$335,301$0$4,800,011
94$8,372,580$258,528$0$5,208,684
95$9,130,445$175,057$0$5,657,512
96$9,962,583$84,468$0$6,150,593
97$10,876,476$0$0$6,692,445
98$11,880,363$0$0$7,291,211
99$12,983,324$0$0$7,970,597
100$14,195,358$0$0$8,717,255