Can I retire at age 65 with 890,000?

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 $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%12.2%
1 years$73,495$72,841$72,202$71,579$70,970$70,317
2 years$36,384$35,706$35,050$34,413$33,795$33,137
3 years$24,015$23,334$22,679$22,049$21,441$20,798
4 years$17,832$17,153$16,505$15,885$15,292$14,670
5 years$14,123$13,448$12,808$12,201$11,625$11,025
6 years$11,651$10,982$10,351$9,757$9,198$8,621
7 years$9,886$9,222$8,602$8,022$7,481$6,927
8 years$8,563$7,905$7,295$6,729$6,206$5,675
9 years$7,534$6,883$6,283$5,732$5,226$4,719
10 years$6,712$6,067$5,478$4,941$4,453$3,968
11 years$6,040$5,401$4,823$4,300$3,830$3,367
12 years$5,480$4,848$4,280$3,772$3,319$2,878
13 years$5,006$4,381$3,824$3,330$2,894$2,475
14 years$4,601$3,982$3,436$2,956$2,537$2,139
15 years$4,250$3,638$3,102$2,636$2,234$1,856
16 years$3,943$3,338$2,812$2,360$1,974$1,616
17 years$3,673$3,074$2,559$2,121$1,750$1,412
18 years$3,432$2,840$2,336$1,911$1,556$1,236
19 years$3,218$2,632$2,139$1,727$1,387$1,085
20 years$3,025$2,446$1,963$1,564$1,239$954
21 years$2,851$2,278$1,805$1,420$1,109$840
22 years$2,692$2,127$1,664$1,291$994$741
23 years$2,548$1,989$1,536$1,175$892$654
24 years$2,416$1,864$1,421$1,072$802$578
25 years$2,295$1,749$1,316$979$722$511
26 years$2,183$1,644$1,221$895$650$453
27 years$2,079$1,547$1,133$819$586$401
28 years$1,984$1,458$1,054$751$529$356
29 years$1,895$1,375$980$688$477$316
30 years$1,812$1,299$913$632$431$280
31 years$1,734$1,228$851$580$390$249
32 years$1,662$1,162$794$533$353$221
33 years$1,594$1,100$742$490$319$197
34 years$1,530$1,043$693$451$289$175
35 years$1,470$989$648$415$262$155
36 years$1,414$939$606$383$237$138
37 years$1,360$892$567$352$215$123
38 years$1,310$847$531$325$195$109
39 years$1,262$806$498$300$177$97
40 years$1,217$767$467$276$160$87
41 years$1,174$730$437$255$145$77
42 years$1,133$695$410$235$132$69
43 years$1,094$662$385$217$120$61
44 years$1,057$631$361$201$109$55
45 years$1,022$602$339$185$99$49
46 years$989$574$319$171$90$43
47 years$957$548$299$158$81$39
48 years$926$523$281$146$74$34
49 years$897$499$265$135$67$31
50 years$869$477$249$125$61$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $890,000, adding $3,280 every year, while hoping to spend $45,154 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: 45/34/21 Blend
64$890,000$890,000$890,000$890,000
65$984,163$936,993$923,198$1,022,366
66$1,036,504$934,862$906,082$1,047,426
67$1,092,671$931,114$886,879$1,069,879
68$1,153,006$925,621$865,471$1,093,302
69$1,217,884$918,248$841,737$1,117,807
70$1,287,719$908,853$815,546$1,143,519
71$1,362,964$897,284$786,764$1,170,579
72$1,444,117$883,382$755,251$1,199,148
73$1,531,724$866,975$720,860$1,229,404
74$1,626,388$847,884$683,436$1,261,547
75$1,728,767$825,918$642,818$1,295,802
76$1,839,588$800,875$598,840$1,332,420
77$1,959,649$772,541$551,324$1,371,685
78$2,089,828$740,691$500,089$1,413,909
79$2,231,090$705,084$444,941$1,459,444
80$2,384,495$665,467$385,680$1,508,684
81$2,551,212$621,573$322,098$1,562,067
82$2,732,524$573,118$253,977$1,620,080
83$2,929,843$519,803$181,088$1,683,269
84$3,144,726$461,312$103,192$1,752,241
85$3,378,881$397,310$20,043$1,827,669
86$3,634,193$327,443$0$1,910,306
87$3,912,732$251,339$0$2,016,380
88$4,216,779$168,604$0$2,137,221
89$4,548,845$78,820$0$2,269,429
90$4,911,694$0$0$2,414,217
91$5,308,367$0$0$2,579,832
92$5,742,215$0$0$2,793,320
93$6,216,926$0$0$3,027,021
94$6,736,561$0$0$3,282,945
95$7,305,592$0$0$3,563,310
96$7,928,944$0$0$3,870,555
97$8,612,041$0$0$4,207,368
98$9,360,856$0$0$4,576,710
99$10,181,967$0$0$4,981,841
100$11,082,620$0$0$5,426,352