Can I retire at age 65 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$72,587$71,940$71,310$70,694$70,093$67,876
2 years$35,934$35,265$34,616$33,987$33,377$31,164
3 years$23,718$23,046$22,399$21,776$21,176$19,036
4 years$17,611$16,941$16,301$15,688$15,103$13,052
5 years$13,948$13,282$12,650$12,050$11,481$9,525
6 years$11,507$10,846$10,223$9,637$9,085$7,225
7 years$9,764$9,108$8,495$7,923$7,388$5,625
8 years$8,457$7,808$7,205$6,646$6,129$4,461
9 years$7,441$6,798$6,206$5,661$5,162$3,587
10 years$6,629$5,992$5,410$4,880$4,398$2,914
11 years$5,965$5,334$4,763$4,247$3,782$2,387
12 years$5,412$4,788$4,227$3,725$3,278$1,968
13 years$4,945$4,327$3,777$3,289$2,858$1,630
14 years$4,544$3,933$3,393$2,919$2,506$1,356
15 years$4,197$3,593$3,064$2,604$2,206$1,132
16 years$3,894$3,296$2,778$2,331$1,950$948
17 years$3,627$3,036$2,528$2,095$1,729$795
18 years$3,390$2,805$2,307$1,888$1,537$668
19 years$3,178$2,600$2,112$1,706$1,370$563
20 years$2,987$2,416$1,939$1,545$1,224$474
21 years$2,815$2,250$1,783$1,402$1,095$400
22 years$2,659$2,101$1,643$1,275$982$338
23 years$2,516$1,965$1,517$1,161$881$286
24 years$2,386$1,841$1,403$1,059$792$242
25 years$2,266$1,727$1,300$967$713$205
26 years$2,156$1,624$1,205$884$642$173
27 years$2,054$1,528$1,119$809$579$147
28 years$1,959$1,440$1,041$742$522$124
29 years$1,871$1,358$968$680$472$105
30 years$1,789$1,283$902$624$426$89
31 years$1,713$1,213$841$573$385$76
32 years$1,641$1,147$785$527$348$64
33 years$1,574$1,087$733$484$315$54
34 years$1,511$1,030$684$446$286$46
35 years$1,452$977$640$410$259$39
36 years$1,396$927$599$378$234$33
37 years$1,343$881$560$348$212$28
38 years$1,294$837$525$321$193$24
39 years$1,246$796$492$296$175$20
40 years$1,202$757$461$273$158$17
41 years$1,159$721$432$252$144$15
42 years$1,119$686$405$232$130$12
43 years$1,081$654$380$214$118$11
44 years$1,044$623$357$198$107$9
45 years$1,010$594$335$183$97$8
46 years$977$567$315$169$89$6
47 years$945$541$296$156$80$5
48 years$915$517$278$144$73$5
49 years$886$493$261$133$66$4
50 years$858$471$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $879,000, adding $6,144 every year, while hoping to spend $20,915 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: 52/37/11 Blend
64$879,000$879,000$879,000$879,000
65$974,996$928,409$914,784$1,022,577
66$1,052,192$951,647$923,176$1,078,928
67$1,136,561$975,323$931,148$1,137,423
68$1,228,813$999,437$938,664$1,200,555
69$1,329,728$1,023,986$945,686$1,268,766
70$1,440,168$1,048,969$952,174$1,342,544
71$1,561,079$1,074,382$958,085$1,422,426
72$1,693,504$1,100,222$963,376$1,509,003
73$1,838,592$1,126,484$968,001$1,602,926
74$1,997,609$1,153,161$971,908$1,704,913
75$2,171,947$1,180,248$975,049$1,815,752
76$2,363,140$1,207,735$977,368$1,936,315
77$2,572,879$1,235,613$978,809$2,067,560
78$2,803,026$1,263,871$979,312$2,210,542
79$3,055,631$1,292,497$978,815$2,366,425
80$3,332,952$1,321,476$977,252$2,536,490
81$3,637,478$1,350,793$974,555$2,722,148
82$3,971,949$1,380,431$970,651$2,924,957
83$4,339,385$1,410,369$965,465$3,146,629
84$4,743,112$1,440,587$958,918$3,389,053
85$5,186,794$1,471,060$950,926$3,654,312
86$5,674,468$1,501,763$941,403$3,944,697
87$6,210,581$1,532,667$930,258$4,262,737
88$6,800,033$1,563,740$917,394$4,611,215
89$7,448,223$1,594,950$902,713$4,993,202
90$8,161,097$1,626,258$886,109$5,412,078
91$8,945,209$1,657,624$867,474$5,871,572
92$9,807,778$1,689,006$846,692$6,375,790
93$10,756,759$1,720,355$823,644$6,929,259
94$11,800,917$1,751,621$798,205$7,536,968
95$12,949,909$1,782,748$770,243$8,204,413
96$14,214,374$1,813,677$739,621$8,937,655
97$15,606,038$1,844,345$706,195$9,743,370
98$17,137,818$1,874,682$669,817$10,628,917
99$18,823,948$1,904,614$630,328$11,602,407
100$20,680,113$1,934,062$587,567$12,672,778