Can I retire at age 65 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$72,752$72,104$71,472$70,855$70,252$69,403
2 years$36,016$35,345$34,695$34,065$33,453$32,599
3 years$23,772$23,098$22,450$21,826$21,224$20,391
4 years$17,651$16,980$16,338$15,724$15,137$14,331
5 years$13,980$13,312$12,679$12,078$11,507$10,731
6 years$11,533$10,871$10,246$9,659$9,105$8,360
7 years$9,786$9,129$8,515$7,941$7,405$6,691
8 years$8,476$7,825$7,221$6,661$6,143$5,460
9 years$7,458$6,813$6,220$5,674$5,173$4,521
10 years$6,644$6,006$5,422$4,891$4,408$3,786
11 years$5,979$5,346$4,774$4,257$3,791$3,199
12 years$5,424$4,799$4,237$3,734$3,285$2,722
13 years$4,956$4,337$3,785$3,296$2,865$2,330
14 years$4,554$3,942$3,401$2,926$2,511$2,004
15 years$4,207$3,601$3,071$2,610$2,211$1,731
16 years$3,903$3,304$2,784$2,337$1,954$1,500
17 years$3,635$3,043$2,533$2,099$1,733$1,304
18 years$3,398$2,812$2,313$1,892$1,541$1,136
19 years$3,185$2,606$2,117$1,710$1,373$992
20 years$2,994$2,421$1,943$1,548$1,227$867
21 years$2,822$2,255$1,787$1,405$1,098$760
22 years$2,665$2,105$1,647$1,278$984$667
23 years$2,522$1,969$1,521$1,164$883$585
24 years$2,391$1,845$1,406$1,061$794$515
25 years$2,271$1,731$1,303$969$714$453
26 years$2,161$1,627$1,208$886$643$399
27 years$2,058$1,531$1,122$811$580$352
28 years$1,964$1,443$1,043$743$523$310
29 years$1,875$1,361$971$682$473$273
30 years$1,793$1,286$904$625$427$241
31 years$1,717$1,215$843$574$386$213
32 years$1,645$1,150$786$528$349$188
33 years$1,578$1,089$734$485$316$166
34 years$1,515$1,032$686$447$286$147
35 years$1,455$979$641$411$259$130
36 years$1,399$929$600$379$235$115
37 years$1,346$883$562$349$213$102
38 years$1,296$839$526$322$193$90
39 years$1,249$798$493$297$175$80
40 years$1,204$759$462$274$159$70
41 years$1,162$722$433$252$144$62
42 years$1,122$688$406$233$131$55
43 years$1,083$655$381$215$119$49
44 years$1,047$625$358$199$108$43
45 years$1,012$596$336$183$98$38
46 years$979$568$316$169$89$34
47 years$947$542$296$156$81$30
48 years$917$518$279$145$73$27
49 years$888$494$262$134$66$24
50 years$860$472$246$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $881,000, adding $3,809 every year, while hoping to spend $58,963 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: 55/27/18 Blend
64$881,000$881,000$881,000$881,000
65$974,791$928,098$914,442$1,023,504
66$1,011,483$910,839$882,340$1,039,906
67$1,049,942$890,757$847,186$1,051,138
68$1,090,286$867,654$808,816$1,062,062
69$1,132,641$841,315$767,058$1,072,664
70$1,177,149$811,517$721,732$1,082,932
71$1,223,958$778,022$672,651$1,092,854
72$1,273,235$740,578$619,617$1,102,424
73$1,325,157$698,919$562,427$1,111,635
74$1,379,920$652,763$500,865$1,120,487
75$1,437,736$601,813$434,708$1,128,982
76$1,498,837$545,753$363,723$1,137,129
77$1,563,476$484,252$287,665$1,144,942
78$1,631,928$416,958$206,279$1,152,440
79$1,704,495$343,499$119,300$1,159,653
80$1,781,506$263,484$26,449$1,166,616
81$1,863,322$176,496$0$1,173,378
82$1,950,336$82,100$0$1,193,948
83$2,042,979$0$0$1,220,775
84$2,141,725$0$0$1,254,913
85$2,247,088$0$0$1,317,413
86$2,359,636$0$0$1,384,225
87$2,479,990$0$0$1,455,724
88$2,608,829$0$0$1,532,320
89$2,746,900$0$0$1,614,465
90$2,895,021$0$0$1,702,653
91$3,054,091$0$0$1,797,426
92$3,225,094$0$0$1,899,381
93$3,409,114$0$0$2,009,172
94$3,607,339$0$0$2,127,518
95$3,821,073$0$0$2,255,207
96$4,051,750$0$0$2,393,107
97$4,300,945$0$0$2,542,170
98$4,570,389$0$0$2,703,445
99$4,861,986$0$0$2,878,081
100$5,177,825$0$0$3,067,345