Can I retire at age 65 with 879,000?

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 $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%14.9%
1 years$72,587$71,940$71,310$70,694$70,093$68,677
2 years$35,934$35,265$34,616$33,987$33,377$31,958
3 years$23,718$23,046$22,399$21,776$21,176$19,796
4 years$17,611$16,941$16,301$15,688$15,103$13,774
5 years$13,948$13,282$12,650$12,050$11,481$10,206
6 years$11,507$10,846$10,223$9,637$9,085$7,865
7 years$9,764$9,108$8,495$7,923$7,388$6,225
8 years$8,457$7,808$7,205$6,646$6,129$5,022
9 years$7,441$6,798$6,206$5,661$5,162$4,109
10 years$6,629$5,992$5,410$4,880$4,398$3,399
11 years$5,965$5,334$4,763$4,247$3,782$2,836
12 years$5,412$4,788$4,227$3,725$3,278$2,383
13 years$4,945$4,327$3,777$3,289$2,858$2,013
14 years$4,544$3,933$3,393$2,919$2,506$1,708
15 years$4,197$3,593$3,064$2,604$2,206$1,455
16 years$3,894$3,296$2,778$2,331$1,950$1,244
17 years$3,627$3,036$2,528$2,095$1,729$1,066
18 years$3,390$2,805$2,307$1,888$1,537$915
19 years$3,178$2,600$2,112$1,706$1,370$787
20 years$2,987$2,416$1,939$1,545$1,224$678
21 years$2,815$2,250$1,783$1,402$1,095$585
22 years$2,659$2,101$1,643$1,275$982$506
23 years$2,516$1,965$1,517$1,161$881$437
24 years$2,386$1,841$1,403$1,059$792$379
25 years$2,266$1,727$1,300$967$713$328
26 years$2,156$1,624$1,205$884$642$284
27 years$2,054$1,528$1,119$809$579$246
28 years$1,959$1,440$1,041$742$522$214
29 years$1,871$1,358$968$680$472$186
30 years$1,789$1,283$902$624$426$161
31 years$1,713$1,213$841$573$385$140
32 years$1,641$1,147$785$527$348$122
33 years$1,574$1,087$733$484$315$106
34 years$1,511$1,030$684$446$286$92
35 years$1,452$977$640$410$259$80
36 years$1,396$927$599$378$234$69
37 years$1,343$881$560$348$212$60
38 years$1,294$837$525$321$193$52
39 years$1,246$796$492$296$175$46
40 years$1,202$757$461$273$158$40
41 years$1,159$721$432$252$144$35
42 years$1,119$686$405$232$130$30
43 years$1,081$654$380$214$118$26
44 years$1,044$623$357$198$107$23
45 years$1,010$594$335$183$97$20
46 years$977$567$315$169$89$17
47 years$945$541$296$156$80$15
48 years$915$517$278$144$73$13
49 years$886$493$261$133$66$11
50 years$858$471$246$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $879,000, adding $3,125 every year, while hoping to spend $28,337 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: 35/46/19 Blend
64$879,000$879,000$879,000$879,000
65$971,881$925,294$911,670$1,000,158
66$1,040,863$940,484$912,061$1,036,326
67$1,115,931$955,467$911,514$1,072,464
68$1,197,676$970,205$909,970$1,110,865
69$1,286,749$984,655$907,364$1,151,747
70$1,383,865$998,771$903,628$1,195,349
71$1,489,811$1,012,503$898,692$1,241,939
72$1,605,455$1,025,798$892,482$1,291,811
73$1,731,751$1,038,602$884,919$1,345,290
74$1,869,748$1,050,852$875,923$1,402,737
75$2,020,605$1,062,486$865,408$1,464,550
76$2,185,593$1,073,434$853,286$1,531,170
77$2,366,115$1,083,624$839,462$1,603,083
78$2,563,714$1,092,977$823,840$1,680,829
79$2,780,090$1,101,411$806,316$1,765,003
80$3,017,116$1,108,836$786,784$1,856,263
81$3,276,852$1,115,159$765,131$1,955,337
82$3,561,568$1,120,280$741,241$2,063,030
83$3,873,766$1,124,091$714,990$2,180,230
84$4,216,199$1,126,481$686,251$2,307,920
85$4,591,900$1,127,327$654,890$2,447,185
86$5,004,211$1,126,503$620,765$2,599,226
87$5,456,812$1,123,873$583,732$2,765,366
88$5,953,756$1,119,292$543,636$2,947,072
89$6,499,509$1,112,607$500,318$3,145,958
90$7,098,991$1,103,657$453,611$3,363,813
91$7,757,621$1,092,269$403,340$3,602,610
92$8,481,369$1,078,261$349,323$3,864,526
93$9,276,813$1,061,439$291,369$4,151,968
94$10,151,197$1,041,599$229,279$4,467,594
95$11,112,505$1,018,524$162,846$4,814,337
96$12,169,532$991,983$91,852$5,195,435
97$13,331,967$961,733$16,073$5,614,465
98$14,610,487$927,517$0$6,075,374
99$16,016,854$889,063$0$6,595,654
100$17,564,028$846,081$0$7,171,310