Can I retire at age 65 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$72,835$72,186$71,553$70,935$70,332$68,162
2 years$36,057$35,385$34,734$34,103$33,491$31,325
3 years$23,799$23,125$22,475$21,850$21,248$19,152
4 years$17,671$16,999$16,356$15,742$15,154$13,145
5 years$13,996$13,327$12,693$12,091$11,520$9,603
6 years$11,546$10,883$10,258$9,670$9,116$7,292
7 years$9,797$9,139$8,524$7,950$7,413$5,684
8 years$8,486$7,834$7,229$6,669$6,150$4,513
9 years$7,467$6,821$6,227$5,680$5,179$3,633
10 years$6,652$6,012$5,429$4,897$4,413$2,955
11 years$5,985$5,353$4,779$4,262$3,795$2,424
12 years$5,431$4,804$4,241$3,738$3,289$2,001
13 years$4,961$4,342$3,789$3,300$2,868$1,660
14 years$4,560$3,946$3,405$2,929$2,514$1,383
15 years$4,212$3,605$3,074$2,613$2,214$1,156
16 years$3,908$3,308$2,787$2,339$1,956$969
17 years$3,640$3,046$2,536$2,102$1,735$814
18 years$3,402$2,815$2,315$1,894$1,542$685
19 years$3,189$2,609$2,119$1,711$1,375$578
20 years$2,998$2,424$1,945$1,550$1,228$488
21 years$2,825$2,258$1,789$1,407$1,099$412
22 years$2,668$2,108$1,649$1,279$985$349
23 years$2,525$1,971$1,523$1,165$884$295
24 years$2,394$1,847$1,408$1,062$795$250
25 years$2,274$1,733$1,304$970$715$212
26 years$2,163$1,629$1,210$887$644$180
27 years$2,061$1,533$1,123$812$581$153
28 years$1,966$1,445$1,044$744$524$130
29 years$1,878$1,363$972$682$473$110
30 years$1,795$1,287$905$626$428$93
31 years$1,719$1,217$844$575$387$79
32 years$1,647$1,151$787$529$350$67
33 years$1,580$1,090$735$486$316$57
34 years$1,516$1,033$687$447$287$49
35 years$1,457$980$642$412$260$41
36 years$1,401$930$601$379$235$35
37 years$1,348$884$562$349$213$30
38 years$1,298$840$526$322$193$25
39 years$1,251$798$493$297$175$22
40 years$1,206$760$462$274$159$18
41 years$1,163$723$434$253$144$16
42 years$1,123$689$407$233$131$13
43 years$1,085$656$382$215$119$11
44 years$1,048$625$358$199$108$10
45 years$1,013$596$336$184$98$8
46 years$980$569$316$170$89$7
47 years$948$543$297$157$81$6
48 years$918$518$279$145$73$5
49 years$889$495$262$134$67$4
50 years$861$473$246$124$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $882,000, adding $3,820 every year, while hoping to spend $28,148 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: 54/22/24 Blend
64$882,000$882,000$882,000$882,000
65$975,904$929,158$915,487$1,021,959
66$1,045,497$944,738$916,207$1,069,650
67$1,121,245$960,137$916,007$1,118,301
68$1,203,747$975,318$914,828$1,170,678
69$1,293,659$990,239$912,605$1,227,150
70$1,391,708$1,004,856$909,272$1,288,119
71$1,498,689$1,019,121$904,760$1,354,034
72$1,615,480$1,032,983$898,995$1,425,385
73$1,743,049$1,046,389$891,900$1,502,716
74$1,882,456$1,059,279$883,396$1,586,626
75$2,034,875$1,071,591$873,397$1,677,778
76$2,201,593$1,083,260$861,817$1,776,902
77$2,384,029$1,094,214$848,562$1,884,801
78$2,583,748$1,104,378$833,536$2,002,366
79$2,802,469$1,113,671$816,638$2,130,577
80$3,042,087$1,122,007$797,762$2,270,515
81$3,304,690$1,129,296$776,797$2,423,375
82$3,592,577$1,135,439$753,628$2,590,472
83$3,908,278$1,140,335$728,133$2,773,260
84$4,254,583$1,143,871$700,186$2,973,342
85$4,634,561$1,145,932$669,654$3,192,484
86$5,051,598$1,146,394$636,398$3,432,637
87$5,509,417$1,145,124$600,274$3,695,953
88$6,012,125$1,141,982$561,130$3,984,803
89$6,564,242$1,136,820$518,809$4,301,807
90$7,170,750$1,129,479$473,144$4,649,849
91$7,837,137$1,119,793$423,964$5,032,115
92$8,569,446$1,107,584$371,088$5,452,116
93$9,374,337$1,092,664$314,328$5,913,725
94$10,259,148$1,074,833$253,486$6,421,213
95$11,231,962$1,053,880$188,358$6,979,291
96$12,301,683$1,029,582$118,730$7,593,154
97$13,478,124$1,001,701$44,376$8,268,530
98$14,772,094$969,986$0$9,011,737
99$16,195,505$934,172$0$9,838,696
100$17,761,478$893,978$0$10,760,842