Can I retire at age 65 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$73,082$72,431$71,796$71,176$70,571$68,149
2 years$36,179$35,506$34,853$34,219$33,605$31,189
3 years$23,880$23,203$22,552$21,925$21,321$18,987
4 years$17,732$17,057$16,412$15,796$15,206$12,973
5 years$14,043$13,373$12,736$12,132$11,559$9,432
6 years$11,585$10,920$10,293$9,702$9,147$7,127
7 years$9,830$9,171$8,553$7,977$7,439$5,527
8 years$8,515$7,861$7,254$6,692$6,171$4,365
9 years$7,492$6,844$6,248$5,700$5,197$3,495
10 years$6,674$6,033$5,447$4,913$4,428$2,827
11 years$6,006$5,371$4,795$4,276$3,808$2,305
12 years$5,449$4,820$4,256$3,751$3,300$1,891
13 years$4,978$4,356$3,802$3,311$2,878$1,559
14 years$4,575$3,960$3,416$2,939$2,523$1,291
15 years$4,226$3,617$3,085$2,621$2,221$1,072
16 years$3,921$3,319$2,797$2,347$1,963$893
17 years$3,652$3,057$2,545$2,109$1,741$745
18 years$3,413$2,824$2,323$1,901$1,548$623
19 years$3,200$2,618$2,127$1,717$1,379$522
20 years$3,008$2,432$1,952$1,555$1,232$438
21 years$2,834$2,266$1,795$1,412$1,103$367
22 years$2,677$2,115$1,655$1,283$988$309
23 years$2,534$1,978$1,528$1,169$887$259
24 years$2,402$1,853$1,413$1,066$797$218
25 years$2,282$1,739$1,309$974$718$184
26 years$2,170$1,635$1,214$890$646$155
27 years$2,068$1,538$1,127$815$583$130
28 years$1,972$1,450$1,048$747$526$110
29 years$1,884$1,368$975$685$475$92
30 years$1,801$1,291$908$628$429$78
31 years$1,724$1,221$847$577$388$66
32 years$1,652$1,155$790$530$351$55
33 years$1,585$1,094$738$488$318$47
34 years$1,521$1,037$689$449$287$39
35 years$1,462$983$644$413$260$33
36 years$1,406$933$603$380$236$28
37 years$1,353$887$564$351$214$24
38 years$1,302$843$528$323$194$20
39 years$1,255$801$495$298$176$17
40 years$1,210$762$464$275$159$14
41 years$1,167$726$435$253$145$12
42 years$1,127$691$408$234$131$10
43 years$1,088$658$383$216$119$9
44 years$1,052$628$359$199$108$7
45 years$1,017$598$337$184$98$6
46 years$983$571$317$170$89$5
47 years$951$545$298$157$81$4
48 years$921$520$280$145$73$4
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $885,000, adding $2,196 every year, while hoping to spend $51,930 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: 67/5/28 Blend
64$885,000$885,000$885,000$885,000
65$977,535$930,630$916,913$1,035,719
66$1,021,991$920,978$892,376$1,065,547
67$1,069,240$909,112$865,277$1,092,109
68$1,119,514$894,870$835,475$1,120,001
69$1,173,063$878,078$802,823$1,149,357
70$1,230,165$858,553$767,166$1,180,328
71$1,291,120$836,100$728,345$1,213,081
72$1,356,261$810,516$686,191$1,247,799
73$1,425,950$781,581$640,528$1,284,689
74$1,500,584$749,066$591,173$1,323,980
75$1,580,600$712,727$537,934$1,365,926
76$1,666,477$672,306$480,611$1,410,809
77$1,758,740$627,532$418,994$1,458,942
78$1,857,966$578,115$352,865$1,510,672
79$1,964,788$523,752$281,995$1,566,386
80$2,079,901$464,121$206,147$1,626,510
81$2,204,069$398,880$125,070$1,691,520
82$2,338,130$327,672$38,506$1,761,940
83$2,483,007$250,115$0$1,838,354
84$2,639,712$165,809$0$1,937,500
85$2,809,360$74,331$0$2,057,324
86$2,993,174$0$0$2,187,187
87$3,192,502$0$0$2,329,422
88$3,408,822$0$0$2,488,266
89$3,643,763$0$0$2,660,832
90$3,899,116$0$0$2,848,440
91$4,176,852$0$0$3,052,545
92$4,479,138$0$0$3,274,745
93$4,808,358$0$0$3,516,802
94$5,167,138$0$0$3,780,651
95$5,558,366$0$0$4,068,425
96$5,985,221$0$0$4,382,470
97$6,451,202$0$0$4,725,367
98$6,960,161$0$0$5,099,961
99$7,516,338$0$0$5,509,380
100$8,124,401$0$0$5,957,070