Can I retire at age 65 with 883,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$72,917$72,268$71,634$71,016$70,412$69,822
2 years$36,098$35,425$34,774$34,142$33,529$32,935
3 years$23,826$23,151$22,501$21,875$21,272$20,692
4 years$17,691$17,018$16,375$15,760$15,172$14,609
5 years$14,012$13,343$12,708$12,105$11,533$10,991
6 years$11,559$10,895$10,270$9,681$9,126$8,604
7 years$9,808$9,150$8,534$7,959$7,422$6,921
8 years$8,496$7,843$7,238$6,677$6,157$5,677
9 years$7,475$6,829$6,234$5,687$5,185$4,725
10 years$6,659$6,019$5,435$4,902$4,418$3,979
11 years$5,992$5,359$4,785$4,266$3,800$3,380
12 years$5,437$4,810$4,246$3,742$3,293$2,893
13 years$4,967$4,346$3,794$3,304$2,871$2,491
14 years$4,565$3,951$3,409$2,933$2,517$2,155
15 years$4,216$3,609$3,078$2,615$2,216$1,873
16 years$3,912$3,311$2,790$2,342$1,959$1,633
17 years$3,644$3,050$2,539$2,104$1,737$1,428
18 years$3,405$2,818$2,318$1,896$1,544$1,252
19 years$3,192$2,612$2,122$1,713$1,376$1,101
20 years$3,001$2,427$1,947$1,552$1,229$969
21 years$2,828$2,261$1,791$1,408$1,100$855
22 years$2,671$2,110$1,651$1,281$986$755
23 years$2,528$1,974$1,524$1,166$885$667
24 years$2,397$1,849$1,410$1,064$796$591
25 years$2,277$1,735$1,306$971$716$524
26 years$2,166$1,631$1,211$888$645$464
27 years$2,063$1,535$1,124$813$581$412
28 years$1,968$1,446$1,045$745$525$366
29 years$1,880$1,364$973$683$474$325
30 years$1,797$1,289$906$627$428$289
31 years$1,721$1,218$845$576$387$257
32 years$1,649$1,153$788$529$350$229
33 years$1,581$1,092$736$487$317$204
34 years$1,518$1,034$688$448$287$182
35 years$1,459$981$643$412$260$162
36 years$1,402$931$601$380$235$144
37 years$1,349$885$563$350$213$128
38 years$1,299$841$527$322$193$114
39 years$1,252$799$494$297$175$102
40 years$1,207$761$463$274$159$91
41 years$1,165$724$434$253$144$81
42 years$1,124$689$407$233$131$72
43 years$1,086$657$382$215$119$65
44 years$1,049$626$359$199$108$58
45 years$1,014$597$337$184$98$51
46 years$981$570$316$170$89$46
47 years$949$544$297$157$81$41
48 years$919$519$279$145$73$37
49 years$890$496$262$134$67$33
50 years$862$473$247$124$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $883,000, adding $6,205 every year, while hoping to spend $35,966 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: 34/50/16 Blend
64$883,000$883,000$883,000$883,000
65$979,466$932,667$918,981$1,007,720
66$1,041,104$940,101$911,499$1,036,359
67$1,107,824$946,693$902,562$1,063,415
68$1,180,106$952,364$892,081$1,091,819
69$1,258,478$957,031$879,967$1,121,711
70$1,343,521$960,604$866,124$1,153,245
71$1,435,873$962,987$850,452$1,186,594
72$1,536,238$964,079$832,848$1,221,952
73$1,645,388$963,773$813,203$1,259,533
74$1,764,174$961,954$791,401$1,299,577
75$1,893,531$958,501$767,324$1,342,351
76$2,034,489$953,285$740,847$1,388,155
77$2,188,181$946,170$711,840$1,437,317
78$2,355,854$937,011$680,165$1,490,209
79$2,538,880$925,654$645,680$1,547,239
80$2,738,771$911,936$608,236$1,608,864
81$2,957,191$895,686$567,676$1,675,591
82$3,195,969$876,720$523,839$1,747,984
83$3,457,124$854,844$476,553$1,826,668
84$3,742,873$829,855$425,640$1,912,339
85$4,055,663$801,534$370,915$2,005,767
86$4,398,184$769,652$312,184$2,107,809
87$4,773,400$733,967$249,245$2,219,416
88$5,184,577$694,222$181,884$2,341,639
89$5,635,309$650,144$109,882$2,475,648
90$6,129,556$601,446$33,008$2,622,737
91$6,671,678$547,824$0$2,784,342
92$7,266,479$488,958$0$2,970,421
93$7,919,250$424,507$0$3,180,925
94$8,635,819$354,113$0$3,412,207
95$9,422,606$277,397$0$3,666,473
96$10,286,681$193,959$0$3,946,163
97$11,235,836$103,377$0$4,253,973
98$12,278,652$5,203$0$4,592,885
99$13,424,583$0$0$4,966,194
100$14,684,044$0$0$5,433,129