Can I retire at age 65 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$73,578$72,923$72,283$71,659$71,050$70,425
2 years$36,425$35,746$35,089$34,451$33,833$33,204
3 years$24,042$23,361$22,705$22,073$21,465$20,850
4 years$17,852$17,173$16,523$15,903$15,309$14,714
5 years$14,139$13,463$12,823$12,215$11,638$11,064
6 years$11,664$10,994$10,363$9,768$9,209$8,656
7 years$9,897$9,233$8,611$8,031$7,489$6,959
8 years$8,573$7,914$7,303$6,737$6,213$5,705
9 years$7,543$6,891$6,290$5,738$5,232$4,746
10 years$6,720$6,074$5,484$4,947$4,458$3,994
11 years$6,046$5,407$4,828$4,305$3,834$3,391
12 years$5,486$4,853$4,285$3,776$3,323$2,900
13 years$5,012$4,386$3,828$3,334$2,897$2,496
14 years$4,606$3,987$3,440$2,959$2,540$2,158
15 years$4,255$3,642$3,105$2,639$2,236$1,874
16 years$3,947$3,341$2,816$2,363$1,976$1,633
17 years$3,677$3,077$2,562$2,123$1,752$1,427
18 years$3,436$2,843$2,339$1,913$1,558$1,250
19 years$3,221$2,635$2,141$1,729$1,389$1,098
20 years$3,028$2,449$1,965$1,566$1,240$966
21 years$2,854$2,281$1,807$1,421$1,110$851
22 years$2,695$2,129$1,666$1,292$995$751
23 years$2,551$1,991$1,538$1,177$893$664
24 years$2,419$1,866$1,422$1,073$803$587
25 years$2,297$1,751$1,317$980$722$520
26 years$2,185$1,646$1,222$896$651$461
27 years$2,082$1,549$1,135$820$587$409
28 years$1,986$1,459$1,055$752$529$363
29 years$1,897$1,377$982$689$478$322
30 years$1,814$1,300$914$633$432$286
31 years$1,736$1,229$852$581$391$254
32 years$1,664$1,163$795$534$353$226
33 years$1,596$1,101$743$491$320$201
34 years$1,532$1,044$694$452$289$179
35 years$1,472$990$649$416$262$159
36 years$1,415$940$607$383$238$142
37 years$1,362$893$568$353$215$126
38 years$1,311$848$532$325$195$113
39 years$1,263$807$498$300$177$100
40 years$1,218$767$467$277$161$89
41 years$1,175$730$438$255$146$80
42 years$1,134$696$411$236$132$71
43 years$1,096$663$385$217$120$63
44 years$1,059$632$362$201$109$56
45 years$1,023$603$340$185$99$50
46 years$990$575$319$171$90$45
47 years$958$549$300$158$81$40
48 years$927$524$282$146$74$36
49 years$898$500$265$135$67$32
50 years$870$478$249$125$61$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $891,000, adding $5,595 every year, while hoping to spend $35,353 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: 32/40/28 Blend
64$891,000$891,000$891,000$891,000
65$987,653$940,430$926,620$1,010,680
66$1,050,779$948,896$920,046$1,037,264
67$1,119,158$956,592$912,068$1,062,371
68$1,193,289$963,442$902,599$1,088,722
69$1,273,722$969,368$891,553$1,116,454
70$1,361,058$974,283$878,837$1,145,715
71$1,455,961$978,098$864,353$1,176,673
72$1,559,160$980,717$848,000$1,209,517
73$1,671,459$982,036$829,673$1,244,456
74$1,793,740$981,948$809,259$1,281,724
75$1,926,975$980,337$786,642$1,321,580
76$2,072,233$977,080$761,702$1,364,317
77$2,230,693$972,049$734,310$1,410,258
78$2,403,648$965,104$704,334$1,459,763
79$2,592,526$956,100$671,635$1,513,234
80$2,798,896$944,881$636,068$1,571,118
81$3,024,487$931,283$597,479$1,633,911
82$3,271,201$915,133$555,711$1,702,165
83$3,541,133$896,244$510,598$1,776,493
84$3,836,592$874,423$461,966$1,857,578
85$4,160,116$849,462$409,634$1,946,176
86$4,514,504$821,142$353,412$2,043,126
87$4,902,837$789,231$293,105$2,149,362
88$5,328,506$753,483$228,504$2,265,916
89$5,795,250$713,640$159,395$2,393,936
90$6,307,184$669,427$85,553$2,534,693
91$6,868,840$620,552$6,743$2,689,596
92$7,485,213$566,710$0$2,860,205
93$8,161,802$507,576$0$3,071,364
94$8,904,665$442,807$0$3,305,527
95$9,720,477$372,041$0$3,562,878
96$10,616,589$294,894$0$3,845,849
97$11,601,101$210,963$0$4,157,125
98$12,682,933$119,821$0$4,499,673
99$13,871,916$21,015$0$4,876,769
100$15,178,877$0$0$5,292,031