Can I retire at age 65 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$73,661$73,004$72,364$71,739$71,129$70,416
2 years$36,466$35,786$35,128$34,490$33,871$33,152
3 years$24,069$23,387$22,730$22,098$21,489$20,788
4 years$17,872$17,192$16,542$15,920$15,326$14,647
5 years$14,154$13,479$12,837$12,228$11,651$10,996
6 years$11,677$11,006$10,374$9,779$9,219$8,590
7 years$9,908$9,243$8,621$8,040$7,497$6,894
8 years$8,582$7,923$7,311$6,745$6,220$5,642
9 years$7,551$6,898$6,297$5,745$5,238$4,686
10 years$6,727$6,081$5,490$4,952$4,463$3,936
11 years$6,053$5,413$4,833$4,310$3,838$3,336
12 years$5,492$4,859$4,290$3,780$3,326$2,848
13 years$5,018$4,391$3,832$3,337$2,901$2,445
14 years$4,611$3,991$3,443$2,963$2,543$2,110
15 years$4,259$3,646$3,109$2,642$2,239$1,829
16 years$3,952$3,345$2,819$2,366$1,979$1,590
17 years$3,681$3,081$2,565$2,126$1,754$1,387
18 years$3,440$2,847$2,341$1,916$1,560$1,213
19 years$3,225$2,638$2,143$1,731$1,390$1,063
20 years$3,032$2,452$1,967$1,568$1,242$933
21 years$2,857$2,284$1,809$1,423$1,111$820
22 years$2,698$2,132$1,668$1,294$996$722
23 years$2,554$1,994$1,540$1,178$894$637
24 years$2,421$1,868$1,424$1,075$804$562
25 years$2,300$1,753$1,319$981$723$497
26 years$2,188$1,648$1,223$897$651$439
27 years$2,084$1,551$1,136$821$587$388
28 years$1,988$1,461$1,056$752$530$344
29 years$1,899$1,378$983$690$479$305
30 years$1,816$1,302$915$633$432$270
31 years$1,738$1,231$853$582$391$239
32 years$1,666$1,164$796$535$354$212
33 years$1,597$1,103$743$492$320$188
34 years$1,534$1,045$695$452$290$167
35 years$1,473$991$649$416$262$148
36 years$1,417$941$607$383$238$132
37 years$1,363$894$569$353$216$117
38 years$1,313$849$532$326$195$104
39 years$1,265$807$499$300$177$92
40 years$1,220$768$468$277$161$82
41 years$1,176$731$438$255$146$73
42 years$1,136$696$411$236$132$65
43 years$1,097$664$386$218$120$58
44 years$1,060$633$362$201$109$51
45 years$1,025$603$340$186$99$46
46 years$991$575$319$171$90$41
47 years$959$549$300$158$82$36
48 years$928$524$282$146$74$32
49 years$899$501$265$135$67$29
50 years$871$478$249$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $892,000, adding $5,898 every year, while hoping to spend $59,850 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: 35/43/22 Blend
64$892,000$892,000$892,000$892,000
65$989,068$941,792$927,966$1,016,899
66$1,026,273$924,260$895,373$1,020,405
67$1,065,267$903,863$859,682$1,018,258
68$1,106,169$880,397$820,726$1,014,724
69$1,149,109$853,647$778,331$1,009,718
70$1,194,227$823,385$732,315$1,003,148
71$1,241,677$789,369$682,486$994,922
72$1,291,624$751,344$628,645$984,943
73$1,344,249$709,040$570,584$973,112
74$1,399,750$662,171$508,086$959,327
75$1,458,342$610,434$440,924$943,483
76$1,520,258$553,510$368,860$925,472
77$1,585,753$491,061$291,646$905,185
78$1,655,109$422,732$209,025$882,509
79$1,728,627$348,143$120,725$857,331
80$1,806,643$266,898$26,465$829,535
81$1,889,520$178,576$0$799,005
82$1,977,656$82,731$0$783,026
83$2,071,488$0$0$771,842
84$2,171,491$0$0$769,180
85$2,278,190$0$0$808,180
86$2,392,155$0$0$849,915
87$2,514,016$0$0$894,626
88$2,644,458$0$0$942,574
89$2,784,237$0$0$994,049
90$2,934,181$0$0$1,049,367
91$3,095,195$0$0$1,108,876
92$3,268,278$0$0$1,172,959
93$3,454,522$0$0$1,242,033
94$3,655,129$0$0$1,316,561
95$3,871,418$0$0$1,397,047
96$4,104,837$0$0$1,484,047
97$4,356,978$0$0$1,578,174
98$4,629,592$0$0$1,680,098
99$4,924,601$0$0$1,790,559
100$5,244,119$0$0$1,910,368