Can I retire at age 65 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$73,330$72,677$72,040$71,418$70,810$68,847
2 years$36,302$35,626$34,971$34,335$33,719$31,756
3 years$23,961$23,282$22,628$21,999$21,393$19,491
4 years$17,792$17,115$16,468$15,849$15,258$13,432
5 years$14,091$13,418$12,780$12,174$11,599$9,854
6 years$11,625$10,957$10,328$9,735$9,178$7,516
7 years$9,864$9,202$8,582$8,004$7,464$5,885
8 years$8,544$7,887$7,279$6,714$6,192$4,695
9 years$7,517$6,867$6,269$5,719$5,215$3,798
10 years$6,697$6,053$5,466$4,930$4,443$3,105
11 years$6,026$5,389$4,812$4,291$3,821$2,559
12 years$5,467$4,837$4,270$3,763$3,311$2,124
13 years$4,995$4,371$3,815$3,322$2,888$1,771
14 years$4,591$3,973$3,428$2,949$2,531$1,484
15 years$4,240$3,630$3,095$2,630$2,229$1,247
16 years$3,934$3,330$2,806$2,355$1,970$1,052
17 years$3,664$3,067$2,553$2,116$1,746$889
18 years$3,425$2,834$2,331$1,907$1,553$753
19 years$3,211$2,626$2,134$1,723$1,384$638
20 years$3,018$2,441$1,958$1,561$1,236$542
21 years$2,844$2,273$1,801$1,416$1,106$461
22 years$2,686$2,122$1,660$1,288$992$393
23 years$2,542$1,985$1,533$1,173$890$334
24 years$2,410$1,860$1,418$1,070$800$285
25 years$2,289$1,745$1,313$977$720$243
26 years$2,178$1,640$1,218$893$649$208
27 years$2,075$1,544$1,131$818$585$177
28 years$1,979$1,454$1,051$749$528$152
29 years$1,890$1,372$978$687$476$129
30 years$1,808$1,296$911$630$430$111
31 years$1,730$1,225$850$579$389$95
32 years$1,658$1,159$793$532$352$81
33 years$1,590$1,098$740$489$319$69
34 years$1,527$1,040$691$450$288$59
35 years$1,467$987$646$414$261$51
36 years$1,410$937$605$382$237$43
37 years$1,357$890$566$352$215$37
38 years$1,307$845$530$324$195$32
39 years$1,259$804$497$299$176$27
40 years$1,214$765$465$276$160$23
41 years$1,171$728$436$254$145$20
42 years$1,131$693$409$235$132$17
43 years$1,092$661$384$217$120$15
44 years$1,055$630$361$200$108$12
45 years$1,020$600$339$185$98$11
46 years$987$573$318$171$89$9
47 years$955$547$299$158$81$8
48 years$924$522$281$146$74$7
49 years$895$498$264$135$67$6
50 years$867$476$248$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $888,000, adding $2,673 every year, while hoping to spend $46,529 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: 65/30/5 Blend
64$888,000$888,000$888,000$888,000
65$981,333$934,269$920,505$1,044,283
66$1,031,923$930,542$901,836$1,082,703
67$1,086,113$925,072$880,981$1,118,850
68$1,144,222$917,727$857,820$1,157,097
69$1,206,599$908,361$832,223$1,197,645
70$1,273,626$896,826$804,057$1,240,713
71$1,345,726$882,960$773,182$1,286,544
72$1,423,358$866,593$739,452$1,335,409
73$1,507,030$847,546$702,713$1,387,606
74$1,597,300$825,628$662,807$1,443,467
75$1,694,778$800,637$619,564$1,503,357
76$1,800,137$772,360$572,812$1,567,681
77$1,914,117$740,572$522,367$1,636,890
78$2,037,529$705,032$468,038$1,711,480
79$2,171,267$665,488$409,627$1,792,000
80$2,316,311$621,673$346,925$1,879,060
81$2,473,744$573,303$279,715$1,973,333
82$2,644,751$520,080$207,771$2,075,563
83$2,830,639$461,688$130,855$2,186,576
84$3,032,846$397,792$48,720$2,307,283
85$3,252,952$328,040$0$2,438,692
86$3,492,698$252,059$0$2,583,996
87$3,753,999$169,455$0$2,745,261
88$4,038,961$79,813$0$2,921,261
89$4,349,904$0$0$3,113,522
90$4,689,381$0$0$3,329,438
91$5,060,202$0$0$3,594,126
92$5,465,460$0$0$3,883,452
93$5,908,562$0$0$4,199,855
94$6,393,257$0$0$4,546,020
95$6,923,675$0$0$4,924,904
96$7,504,363$0$0$5,339,763
97$8,140,326$0$0$5,794,181
98$8,837,079$0$0$6,292,108
99$9,600,693$0$0$6,837,892
100$10,437,857$0$0$7,436,321