Can I retire at age 65 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$73,495$72,841$72,202$71,579$70,970$68,479
2 years$36,384$35,706$35,050$34,413$33,795$31,312
3 years$24,015$23,334$22,679$22,049$21,441$19,043
4 years$17,832$17,153$16,505$15,885$15,292$12,998
5 years$14,123$13,448$12,808$12,201$11,625$9,441
6 years$11,651$10,982$10,351$9,757$9,198$7,126
7 years$9,886$9,222$8,602$8,022$7,481$5,519
8 years$8,563$7,905$7,295$6,729$6,206$4,354
9 years$7,534$6,883$6,283$5,732$5,226$3,482
10 years$6,712$6,067$5,478$4,941$4,453$2,813
11 years$6,040$5,401$4,823$4,300$3,830$2,290
12 years$5,480$4,848$4,280$3,772$3,319$1,877
13 years$5,006$4,381$3,824$3,330$2,894$1,545
14 years$4,601$3,982$3,436$2,956$2,537$1,278
15 years$4,250$3,638$3,102$2,636$2,234$1,060
16 years$3,943$3,338$2,812$2,360$1,974$881
17 years$3,673$3,074$2,559$2,121$1,750$734
18 years$3,432$2,840$2,336$1,911$1,556$613
19 years$3,218$2,632$2,139$1,727$1,387$513
20 years$3,025$2,446$1,963$1,564$1,239$429
21 years$2,851$2,278$1,805$1,420$1,109$360
22 years$2,692$2,127$1,664$1,291$994$302
23 years$2,548$1,989$1,536$1,175$892$253
24 years$2,416$1,864$1,421$1,072$802$213
25 years$2,295$1,749$1,316$979$722$179
26 years$2,183$1,644$1,221$895$650$150
27 years$2,079$1,547$1,133$819$586$126
28 years$1,984$1,458$1,054$751$529$106
29 years$1,895$1,375$980$688$477$89
30 years$1,812$1,299$913$632$431$75
31 years$1,734$1,228$851$580$390$63
32 years$1,662$1,162$794$533$353$53
33 years$1,594$1,100$742$490$319$45
34 years$1,530$1,043$693$451$289$38
35 years$1,470$989$648$415$262$32
36 years$1,414$939$606$383$237$27
37 years$1,360$892$567$352$215$23
38 years$1,310$847$531$325$195$19
39 years$1,262$806$498$300$177$16
40 years$1,217$767$467$276$160$13
41 years$1,174$730$437$255$145$11
42 years$1,133$695$410$235$132$10
43 years$1,094$662$385$217$120$8
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$4
48 years$926$523$281$146$74$3
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $890,000, adding $3,650 every year, while hoping to spend $21,195 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: 73/9/18 Blend
64$890,000$890,000$890,000$890,000
65$984,545$937,375$923,580$1,052,019
66$1,062,417$960,755$931,969$1,120,666
67$1,147,522$984,570$939,928$1,192,919
68$1,240,575$1,008,820$947,421$1,271,521
69$1,342,363$1,033,502$954,409$1,357,101
70$1,453,755$1,058,613$960,852$1,450,346
71$1,575,703$1,084,151$966,707$1,552,017
72$1,709,262$1,110,111$971,928$1,662,952
73$1,855,587$1,136,488$976,468$1,784,072
74$2,015,955$1,163,274$980,278$1,916,395
75$2,191,770$1,190,462$983,305$2,061,038
76$2,384,579$1,218,043$985,494$2,219,236
77$2,596,086$1,246,007$986,788$2,392,348
78$2,828,168$1,274,342$987,127$2,581,872
79$3,082,891$1,303,035$986,445$2,789,456
80$3,362,533$1,332,071$984,678$3,016,920
81$3,669,602$1,361,433$981,756$3,266,266
82$4,006,861$1,391,102$977,604$3,539,702
83$4,377,353$1,421,059$972,146$3,839,660
84$4,784,432$1,451,280$965,302$4,168,821
85$5,231,792$1,481,740$956,987$4,530,138
86$5,723,501$1,512,412$947,113$4,926,866
87$6,264,044$1,543,266$935,587$5,362,592
88$6,858,361$1,574,270$922,313$5,841,269
89$7,511,891$1,605,387$907,188$6,367,252
90$8,230,633$1,636,579$890,108$6,945,341
91$9,021,190$1,667,805$870,959$7,580,826
92$9,890,843$1,699,018$849,627$8,279,536
93$10,847,608$1,730,170$825,989$9,047,894
94$11,900,322$1,761,206$799,918$9,892,980
95$13,058,721$1,792,071$771,281$10,822,596
96$14,333,530$1,822,702$739,938$11,845,338
97$15,736,568$1,853,032$705,745$12,970,682
98$17,280,858$1,882,991$668,547$14,209,068
99$18,980,750$1,912,502$628,187$15,572,003
100$20,852,053$1,941,481$584,499$17,072,168