Can I retire at age 65 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$73,165$72,513$71,877$71,257$70,651$69,971
2 years$36,220$35,546$34,892$34,258$33,643$32,959
3 years$23,907$23,230$22,577$21,950$21,345$20,676
4 years$17,752$17,076$16,431$15,813$15,223$14,576
5 years$14,059$13,388$12,751$12,146$11,572$10,949
6 years$11,599$10,932$10,305$9,713$9,157$8,557
7 years$9,842$9,181$8,563$7,986$7,447$6,872
8 years$8,524$7,870$7,262$6,699$6,178$5,627
9 years$7,501$6,852$6,255$5,706$5,203$4,676
10 years$6,682$6,040$5,453$4,919$4,433$3,930
11 years$6,013$5,377$4,801$4,281$3,813$3,333
12 years$5,455$4,826$4,261$3,755$3,304$2,847
13 years$4,984$4,361$3,807$3,315$2,881$2,446
14 years$4,580$3,964$3,420$2,943$2,526$2,113
15 years$4,231$3,621$3,088$2,624$2,224$1,832
16 years$3,925$3,323$2,800$2,350$1,965$1,594
17 years$3,656$3,060$2,548$2,111$1,743$1,391
18 years$3,417$2,828$2,326$1,903$1,549$1,217
19 years$3,203$2,621$2,129$1,719$1,381$1,068
20 years$3,011$2,435$1,954$1,557$1,234$938
21 years$2,838$2,268$1,797$1,413$1,104$825
22 years$2,680$2,117$1,656$1,285$989$727
23 years$2,536$1,980$1,529$1,170$888$642
24 years$2,405$1,855$1,414$1,067$798$567
25 years$2,284$1,741$1,310$975$718$501
26 years$2,173$1,636$1,215$891$647$443
27 years$2,070$1,540$1,128$816$583$393
28 years$1,975$1,451$1,049$747$526$348
29 years$1,886$1,369$976$685$475$308
30 years$1,804$1,293$909$629$430$274
31 years$1,726$1,222$848$578$388$243
32 years$1,654$1,156$791$531$351$215
33 years$1,587$1,095$738$488$318$191
34 years$1,523$1,038$690$449$288$170
35 years$1,463$985$645$414$261$151
36 years$1,407$934$603$381$236$134
37 years$1,354$888$565$351$214$119
38 years$1,304$843$529$323$194$106
39 years$1,256$802$496$298$176$94
40 years$1,211$763$464$275$160$84
41 years$1,169$726$435$254$145$75
42 years$1,128$692$409$234$131$66
43 years$1,089$659$383$216$119$59
44 years$1,053$628$360$200$108$53
45 years$1,018$599$338$184$98$47
46 years$984$572$317$170$89$42
47 years$952$545$298$157$81$37
48 years$922$521$280$145$74$33
49 years$893$497$263$134$67$29
50 years$865$475$248$124$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $886,000, adding $5,538 every year, while hoping to spend $21,098 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: 59/18/23 Blend
64$886,000$886,000$886,000$886,000
65$982,084$935,126$921,393$1,033,684
66$1,059,809$958,500$929,812$1,092,793
67$1,144,754$982,311$937,805$1,154,473
68$1,237,635$1,006,559$945,337$1,221,287
69$1,339,236$1,031,244$952,369$1,293,737
70$1,450,425$1,056,362$958,861$1,372,375
71$1,572,155$1,081,910$964,769$1,457,811
72$1,705,476$1,107,884$970,049$1,550,717
73$1,851,543$1,134,280$974,655$1,651,831
74$2,011,631$1,161,090$978,536$1,761,969
75$2,187,142$1,188,307$981,641$1,882,029
76$2,379,619$1,215,924$983,916$2,013,001
77$2,590,766$1,243,929$985,302$2,155,976
78$2,822,454$1,272,312$985,740$2,312,155
79$3,076,749$1,301,060$985,167$2,482,863
80$3,355,924$1,330,158$983,517$2,669,560
81$3,662,483$1,359,591$980,719$2,873,855
82$3,999,185$1,389,340$976,702$3,097,521
83$4,369,070$1,419,385$971,389$3,342,511
84$4,775,484$1,449,704$964,700$3,610,980
85$5,222,117$1,480,273$956,551$3,905,302
86$5,713,032$1,511,065$946,854$4,228,092
87$6,252,705$1,542,051$935,518$4,582,234
88$6,846,068$1,573,199$922,445$4,970,905
89$7,498,556$1,604,475$907,536$5,397,608
90$8,216,155$1,635,840$890,684$5,866,203
91$9,005,460$1,667,253$871,779$6,380,946
92$9,873,738$1,698,670$850,706$6,946,524
93$10,828,998$1,730,043$827,342$7,568,106
94$11,880,060$1,761,320$801,563$8,251,388
95$13,036,645$1,792,444$773,234$9,002,649
96$14,309,464$1,823,354$742,219$9,828,808
97$15,710,317$1,853,987$708,371$10,737,491
98$17,252,208$1,884,271$671,540$11,737,103
99$18,949,465$1,914,131$631,568$12,836,908
100$20,817,873$1,943,487$588,289$14,047,116