Can I retire at age 65 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$73,248$72,595$71,959$71,337$70,731$70,403
2 years$36,261$35,586$34,931$34,297$33,681$33,351
3 years$23,934$23,256$22,603$21,974$21,369$21,045
4 years$17,772$17,095$16,449$15,831$15,240$14,926
5 years$14,075$13,403$12,765$12,160$11,585$11,282
6 years$11,612$10,945$10,316$9,724$9,167$8,875
7 years$9,853$9,191$8,573$7,995$7,455$7,174
8 years$8,534$7,879$7,270$6,707$6,185$5,915
9 years$7,509$6,860$6,262$5,713$5,209$4,950
10 years$6,689$6,047$5,459$4,924$4,438$4,190
11 years$6,019$5,383$4,806$4,286$3,817$3,580
12 years$5,461$4,831$4,265$3,759$3,308$3,081
13 years$4,990$4,366$3,811$3,319$2,884$2,668
14 years$4,585$3,969$3,424$2,946$2,528$2,322
15 years$4,236$3,625$3,092$2,627$2,226$2,030
16 years$3,930$3,326$2,803$2,352$1,967$1,781
17 years$3,660$3,063$2,551$2,114$1,745$1,567
18 years$3,421$2,831$2,328$1,905$1,551$1,383
19 years$3,207$2,623$2,131$1,721$1,383$1,223
20 years$3,015$2,438$1,956$1,559$1,235$1,084
21 years$2,841$2,271$1,799$1,415$1,105$962
22 years$2,683$2,120$1,658$1,286$991$856
23 years$2,539$1,983$1,531$1,172$889$762
24 years$2,408$1,857$1,416$1,068$799$679
25 years$2,287$1,743$1,312$976$719$606
26 years$2,175$1,638$1,216$892$648$541
27 years$2,072$1,542$1,130$817$584$484
28 years$1,977$1,453$1,050$748$527$433
29 years$1,888$1,371$977$686$476$387
30 years$1,806$1,294$910$630$430$347
31 years$1,728$1,224$849$578$389$311
32 years$1,656$1,158$792$532$352$279
33 years$1,588$1,096$739$489$318$250
34 years$1,525$1,039$691$450$288$224
35 years$1,465$986$646$414$261$201
36 years$1,409$936$604$381$236$181
37 years$1,356$889$565$351$214$162
38 years$1,305$844$529$324$194$146
39 years$1,258$803$496$299$176$131
40 years$1,213$764$465$275$160$118
41 years$1,170$727$436$254$145$106
42 years$1,129$693$409$234$132$95
43 years$1,091$660$384$216$119$85
44 years$1,054$629$360$200$108$77
45 years$1,019$600$338$185$98$69
46 years$985$572$318$170$89$62
47 years$954$546$298$158$81$56
48 years$923$521$280$146$74$50
49 years$894$498$264$135$67$45
50 years$866$476$248$124$61$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $887,000, adding $5,004 every year, while hoping to spend $32,021 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: 65/18/17 Blend
64$887,000$887,000$887,000$887,000
65$982,636$935,625$921,876$1,042,078
66$1,048,794$947,400$918,689$1,094,302
67$1,120,628$958,679$914,322$1,147,206
68$1,198,682$969,404$908,701$1,204,243
69$1,283,555$979,513$901,750$1,265,817
70$1,375,908$988,939$893,389$1,332,375
71$1,476,465$997,612$883,532$1,404,409
72$1,586,027$1,005,457$872,093$1,482,460
73$1,705,470$1,012,393$858,977$1,567,127
74$1,835,764$1,018,336$844,088$1,659,071
75$1,977,972$1,023,195$827,325$1,759,018
76$2,133,267$1,026,873$808,582$1,867,771
77$2,302,938$1,029,268$787,748$1,986,217
78$2,488,406$1,030,270$764,706$2,115,331
79$2,691,235$1,029,765$739,335$2,256,190
80$2,913,146$1,027,629$711,508$2,409,982
81$3,156,035$1,023,731$681,092$2,578,018
82$3,421,990$1,017,933$647,948$2,761,741
83$3,713,310$1,010,089$611,931$2,962,747
84$4,032,526$1,000,042$572,889$3,182,792
85$4,382,427$987,627$530,664$3,423,815
86$4,766,083$972,669$485,089$3,687,952
87$5,186,876$954,982$435,993$3,977,562
88$5,648,532$934,371$383,193$4,295,244
89$6,155,153$910,626$326,501$4,643,864
90$6,711,260$883,527$265,719$5,026,584
91$7,321,830$852,842$200,643$5,446,891
92$7,992,348$818,323$131,055$5,908,627
93$8,728,855$779,708$56,734$6,416,032
94$9,538,007$736,722$0$6,973,780
95$10,427,134$689,072$0$7,591,121
96$11,404,314$636,449$0$8,280,888
97$12,478,446$578,527$0$9,039,094
98$13,659,332$514,959$0$9,872,693
99$14,957,773$445,381$0$10,789,354
100$16,385,668$369,408$0$11,797,527