Can I retire at age 65 with 883,000?

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 $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%17.8%
1 years$72,917$72,268$71,634$71,016$70,412$68,185
2 years$36,098$35,425$34,774$34,142$33,529$31,306
3 years$23,826$23,151$22,501$21,875$21,272$19,123
4 years$17,691$17,018$16,375$15,760$15,172$13,112
5 years$14,012$13,343$12,708$12,105$11,533$9,568
6 years$11,559$10,895$10,270$9,681$9,126$7,258
7 years$9,808$9,150$8,534$7,959$7,422$5,651
8 years$8,496$7,843$7,238$6,677$6,157$4,482
9 years$7,475$6,829$6,234$5,687$5,185$3,603
10 years$6,659$6,019$5,435$4,902$4,418$2,928
11 years$5,992$5,359$4,785$4,266$3,800$2,398
12 years$5,437$4,810$4,246$3,742$3,293$1,976
13 years$4,967$4,346$3,794$3,304$2,871$1,638
14 years$4,565$3,951$3,409$2,933$2,517$1,362
15 years$4,216$3,609$3,078$2,615$2,216$1,137
16 years$3,912$3,311$2,790$2,342$1,959$952
17 years$3,644$3,050$2,539$2,104$1,737$799
18 years$3,405$2,818$2,318$1,896$1,544$671
19 years$3,192$2,612$2,122$1,713$1,376$565
20 years$3,001$2,427$1,947$1,552$1,229$476
21 years$2,828$2,261$1,791$1,408$1,100$402
22 years$2,671$2,110$1,651$1,281$986$340
23 years$2,528$1,974$1,524$1,166$885$287
24 years$2,397$1,849$1,410$1,064$796$243
25 years$2,277$1,735$1,306$971$716$205
26 years$2,166$1,631$1,211$888$645$174
27 years$2,063$1,535$1,124$813$581$147
28 years$1,968$1,446$1,045$745$525$125
29 years$1,880$1,364$973$683$474$106
30 years$1,797$1,289$906$627$428$90
31 years$1,721$1,218$845$576$387$76
32 years$1,649$1,153$788$529$350$65
33 years$1,581$1,092$736$487$317$55
34 years$1,518$1,034$688$448$287$46
35 years$1,459$981$643$412$260$39
36 years$1,402$931$601$380$235$33
37 years$1,349$885$563$350$213$28
38 years$1,299$841$527$322$193$24
39 years$1,252$799$494$297$175$20
40 years$1,207$761$463$274$159$17
41 years$1,165$724$434$253$144$15
42 years$1,124$689$407$233$131$12
43 years$1,086$657$382$215$119$11
44 years$1,049$626$359$199$108$9
45 years$1,014$597$337$184$98$8
46 years$981$570$316$170$89$6
47 years$949$544$297$157$81$6
48 years$919$519$279$145$73$5
49 years$890$496$262$134$67$4
50 years$862$473$247$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $883,000, adding $2,655 every year, while hoping to spend $30,719 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: 74/15/11 Blend
64$883,000$883,000$883,000$883,000
65$975,805$929,006$915,319$1,045,749
66$1,042,652$941,842$913,298$1,105,117
67$1,115,288$954,278$910,179$1,166,041
68$1,194,271$966,261$905,893$1,231,941
69$1,280,215$977,736$900,369$1,303,298
70$1,373,795$988,644$893,530$1,380,648
71$1,475,755$998,920$885,295$1,464,575
72$1,586,912$1,008,497$875,583$1,555,729
73$1,708,168$1,017,304$864,306$1,654,821
74$1,840,512$1,025,263$851,371$1,762,638
75$1,985,036$1,032,292$836,683$1,880,044
76$2,142,940$1,038,305$820,143$2,007,996
77$2,315,546$1,043,209$801,644$2,147,543
78$2,504,310$1,046,904$781,077$2,299,845
79$2,710,834$1,049,287$758,328$2,466,179
80$2,936,883$1,050,246$733,276$2,647,953
81$3,184,400$1,049,662$705,795$2,846,720
82$3,455,523$1,047,411$675,754$3,064,188
83$3,752,611$1,043,358$643,016$3,302,243
84$4,078,257$1,037,362$607,436$3,562,964
85$4,435,319$1,029,273$568,866$3,848,639
86$4,826,946$1,018,932$527,147$4,161,793
87$5,256,604$1,006,169$482,116$4,505,209
88$5,728,113$990,807$433,602$4,881,953
89$6,245,678$972,654$381,426$5,295,406
90$6,813,935$951,511$325,401$5,749,293
91$7,437,986$927,165$265,332$6,247,722
92$8,123,455$899,390$201,014$6,795,219
93$8,876,535$867,949$132,237$7,396,775
94$9,704,051$832,588$58,776$8,057,888
95$10,613,520$793,041$0$8,784,621
96$11,613,225$749,025$0$9,585,960
97$12,712,288$700,242$0$10,474,477
98$13,920,764$646,375$0$11,451,416
99$15,249,726$587,092$0$12,525,754
100$16,711,377$522,039$0$13,707,387