Can I retire at age 65 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$72,670$72,022$71,391$70,774$70,172$69,469
2 years$35,975$35,305$34,656$34,026$33,415$32,706
3 years$23,745$23,072$22,425$21,801$21,200$20,508
4 years$17,631$16,961$16,319$15,706$15,120$14,450
5 years$13,964$13,297$12,664$12,064$11,494$10,848
6 years$11,520$10,858$10,235$9,648$9,095$8,474
7 years$9,775$9,119$8,505$7,932$7,397$6,801
8 years$8,467$7,816$7,213$6,654$6,136$5,566
9 years$7,450$6,806$6,213$5,668$5,168$4,623
10 years$6,637$5,999$5,416$4,886$4,403$3,883
11 years$5,972$5,340$4,768$4,252$3,787$3,291
12 years$5,418$4,793$4,232$3,729$3,281$2,809
13 years$4,950$4,332$3,781$3,293$2,862$2,413
14 years$4,549$3,937$3,397$2,923$2,508$2,082
15 years$4,202$3,597$3,067$2,607$2,209$1,804
16 years$3,899$3,300$2,781$2,334$1,952$1,569
17 years$3,631$3,039$2,530$2,097$1,731$1,368
18 years$3,394$2,808$2,310$1,890$1,539$1,196
19 years$3,182$2,603$2,115$1,708$1,372$1,048
20 years$2,991$2,419$1,941$1,547$1,225$920
21 years$2,818$2,253$1,785$1,404$1,096$809
22 years$2,662$2,103$1,645$1,276$983$713
23 years$2,519$1,967$1,519$1,162$882$628
24 years$2,389$1,843$1,405$1,060$793$555
25 years$2,269$1,729$1,301$968$714$490
26 years$2,158$1,625$1,207$885$643$433
27 years$2,056$1,530$1,121$810$579$383
28 years$1,961$1,441$1,042$742$523$339
29 years$1,873$1,360$969$681$472$301
30 years$1,791$1,284$903$625$427$266
31 years$1,715$1,214$842$574$386$236
32 years$1,643$1,149$785$527$349$209
33 years$1,576$1,088$733$485$316$186
34 years$1,513$1,031$685$446$286$165
35 years$1,454$978$641$411$259$146
36 years$1,398$928$599$378$235$130
37 years$1,345$882$561$349$213$116
38 years$1,295$838$525$321$193$103
39 years$1,248$797$492$296$175$91
40 years$1,203$758$461$273$159$81
41 years$1,161$721$433$252$144$72
42 years$1,120$687$406$233$131$64
43 years$1,082$655$381$215$118$57
44 years$1,046$624$357$198$108$51
45 years$1,011$595$336$183$98$45
46 years$978$568$315$169$89$40
47 years$946$542$296$156$80$36
48 years$916$517$278$144$73$32
49 years$887$494$262$133$66$28
50 years$859$472$246$123$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $880,000, adding $4,275 every year, while hoping to spend $57,489 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: 53/21/26 Blend
64$880,000$880,000$880,000$880,000
65$974,170$927,530$913,890$1,018,548
66$1,012,367$911,811$883,337$1,033,976
67$1,052,534$893,395$849,834$1,044,518
68$1,094,810$872,089$813,222$1,054,823
69$1,139,349$847,689$773,332$1,064,892
70$1,186,315$819,979$729,992$1,074,728
71$1,235,891$788,730$683,019$1,084,337
72$1,288,274$753,700$632,222$1,093,729
73$1,343,679$714,632$577,402$1,102,922
74$1,402,342$671,256$518,352$1,111,936
75$1,464,518$623,285$454,855$1,120,802
76$1,530,489$570,417$386,683$1,129,554
77$1,600,562$512,330$313,600$1,138,239
78$1,675,073$448,687$235,358$1,146,911
79$1,754,387$379,130$151,700$1,155,638
80$1,838,909$303,281$62,356$1,164,497
81$1,929,077$220,742$0$1,173,584
82$2,025,374$131,089$0$1,192,161
83$2,128,329$33,879$0$1,230,259
84$2,238,520$0$0$1,270,796
85$2,356,584$0$0$1,330,523
86$2,483,217$0$0$1,403,039
87$2,619,184$0$0$1,480,962
88$2,765,323$0$0$1,564,779
89$2,922,557$0$0$1,655,028
90$3,091,897$0$0$1,752,297
91$3,274,454$0$0$1,857,233
92$3,471,447$0$0$1,970,549
93$3,684,218$0$0$2,093,025
94$3,914,241$0$0$2,225,521
95$4,163,134$0$0$2,368,979
96$4,432,677$0$0$2,524,439
97$4,724,829$0$0$2,693,041
98$5,041,741$0$0$2,876,040
99$5,385,780$0$0$3,074,818
100$5,759,548$0$0$3,290,891