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%15.7%
1 years$72,752$72,104$71,472$70,855$70,252$68,610
2 years$36,016$35,345$34,695$34,065$33,453$31,808
3 years$23,772$23,098$22,450$21,826$21,224$19,627
4 years$17,651$16,980$16,338$15,724$15,137$13,601
5 years$13,980$13,312$12,679$12,078$11,507$10,036
6 years$11,533$10,871$10,246$9,659$9,105$7,700
7 years$9,786$9,129$8,515$7,941$7,405$6,067
8 years$8,476$7,825$7,221$6,661$6,143$4,871
9 years$7,458$6,813$6,220$5,674$5,173$3,967
10 years$6,644$6,006$5,422$4,891$4,408$3,265
11 years$5,979$5,346$4,774$4,257$3,791$2,711
12 years$5,424$4,799$4,237$3,734$3,285$2,266
13 years$4,956$4,337$3,785$3,296$2,865$1,904
14 years$4,554$3,942$3,401$2,926$2,511$1,607
15 years$4,207$3,601$3,071$2,610$2,211$1,361
16 years$3,903$3,304$2,784$2,337$1,954$1,157
17 years$3,635$3,043$2,533$2,099$1,733$985
18 years$3,398$2,812$2,313$1,892$1,541$841
19 years$3,185$2,606$2,117$1,710$1,373$720
20 years$2,994$2,421$1,943$1,548$1,227$616
21 years$2,822$2,255$1,787$1,405$1,098$529
22 years$2,665$2,105$1,647$1,278$984$454
23 years$2,522$1,969$1,521$1,164$883$390
24 years$2,391$1,845$1,406$1,061$794$335
25 years$2,271$1,731$1,303$969$714$289
26 years$2,161$1,627$1,208$886$643$249
27 years$2,058$1,531$1,122$811$580$214
28 years$1,964$1,443$1,043$743$523$185
29 years$1,875$1,361$971$682$473$159
30 years$1,793$1,286$904$625$427$137
31 years$1,717$1,215$843$574$386$118
32 years$1,645$1,150$786$528$349$102
33 years$1,578$1,089$734$485$316$88
34 years$1,515$1,032$686$447$286$76
35 years$1,455$979$641$411$259$66
36 years$1,399$929$600$379$235$57
37 years$1,346$883$562$349$213$49
38 years$1,296$839$526$322$193$42
39 years$1,249$798$493$297$175$37
40 years$1,204$759$462$274$159$32
41 years$1,162$722$433$252$144$27
42 years$1,122$688$406$233$131$24
43 years$1,083$655$381$215$119$20
44 years$1,047$625$358$199$108$18
45 years$1,012$596$336$183$98$15
46 years$979$568$316$169$89$13
47 years$947$542$296$156$81$11
48 years$917$518$279$145$73$10
49 years$888$494$262$134$66$8
50 years$860$472$246$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $881,000, adding $5,814 every year, while hoping to spend $31,533 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: 56/16/28 Blend
64$881,000$881,000$881,000$881,000
65$976,859$930,166$916,511$1,023,732
66$1,042,948$942,193$913,663$1,068,652
67$1,114,721$953,753$909,663$1,113,805
68$1,192,725$964,789$904,439$1,162,365
69$1,277,560$975,242$897,915$1,214,668
70$1,369,889$985,046$890,013$1,271,092
71$1,470,439$994,135$880,650$1,332,048
72$1,580,011$1,002,434$869,739$1,397,994
73$1,699,486$1,009,868$857,189$1,469,435
74$1,829,835$1,016,353$842,906$1,546,929
75$1,972,125$1,021,800$826,790$1,631,090
76$2,127,531$1,026,118$808,737$1,722,599
77$2,297,347$1,029,206$788,638$1,822,205
78$2,482,999$1,030,959$766,379$1,930,738
79$2,686,053$1,031,265$741,841$2,049,111
80$2,908,237$1,030,003$714,900$2,178,335
81$3,151,452$1,027,049$685,424$2,319,524
82$3,417,793$1,022,267$653,278$2,473,908
83$3,709,564$1,015,514$618,320$2,642,845
84$4,029,306$1,006,640$580,399$2,827,834
85$4,379,814$995,485$539,361$3,030,530
86$4,764,169$981,877$495,044$3,252,756
87$5,185,763$965,638$447,277$3,496,527
88$5,648,332$946,576$395,882$3,764,067
89$6,155,993$924,489$340,675$4,057,827
90$6,713,278$899,162$281,461$4,380,513
91$7,325,181$870,370$218,039$4,735,111
92$7,997,204$837,873$150,198$5,124,914
93$8,735,406$801,416$77,717$5,553,556
94$9,546,463$760,731$366$6,025,044
95$10,437,730$715,534$0$6,543,801
96$11,417,307$665,524$0$7,139,257
97$12,494,122$610,384$0$7,793,950
98$13,678,008$549,778$0$8,513,783
99$14,979,799$483,352$0$9,305,382
100$16,411,431$410,729$0$10,176,049