Can I retire at age 65 with 893,000?

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 $893,000?

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$73,743$73,086$72,445$71,820$71,209$70,495
2 years$36,506$35,827$35,168$34,529$33,909$33,190
3 years$24,096$23,413$22,756$22,123$21,513$20,811
4 years$17,892$17,211$16,560$15,938$15,343$14,664
5 years$14,170$13,494$12,852$12,242$11,664$11,009
6 years$11,690$11,019$10,386$9,790$9,229$8,599
7 years$9,919$9,253$8,631$8,049$7,506$6,902
8 years$8,592$7,932$7,320$6,752$6,227$5,648
9 years$7,560$6,906$6,304$5,751$5,244$4,691
10 years$6,735$6,087$5,496$4,958$4,468$3,940
11 years$6,060$5,419$4,839$4,315$3,843$3,339
12 years$5,498$4,864$4,294$3,785$3,330$2,851
13 years$5,023$4,396$3,837$3,341$2,904$2,448
14 years$4,616$3,996$3,447$2,966$2,545$2,113
15 years$4,264$3,650$3,112$2,645$2,241$1,831
16 years$3,956$3,349$2,822$2,368$1,981$1,592
17 years$3,685$3,084$2,568$2,128$1,756$1,389
18 years$3,444$2,850$2,344$1,918$1,562$1,214
19 years$3,229$2,641$2,146$1,733$1,392$1,064
20 years$3,035$2,454$1,969$1,569$1,243$934
21 years$2,860$2,286$1,811$1,424$1,113$821
22 years$2,701$2,134$1,670$1,295$997$723
23 years$2,557$1,996$1,542$1,179$895$638
24 years$2,424$1,870$1,426$1,076$805$563
25 years$2,302$1,755$1,320$982$724$497
26 years$2,190$1,649$1,225$898$652$439
27 years$2,086$1,552$1,137$822$588$389
28 years$1,990$1,463$1,057$753$531$344
29 years$1,901$1,380$984$691$479$305
30 years$1,818$1,303$916$634$433$270
31 years$1,740$1,232$854$582$391$240
32 years$1,667$1,166$797$535$354$213
33 years$1,599$1,104$744$492$320$189
34 years$1,535$1,046$695$453$290$167
35 years$1,475$992$650$417$263$149
36 years$1,418$942$608$384$238$132
37 years$1,365$895$569$354$216$117
38 years$1,314$850$533$326$196$104
39 years$1,266$808$499$301$177$93
40 years$1,221$769$468$277$161$82
41 years$1,178$732$439$256$146$73
42 years$1,137$697$412$236$132$65
43 years$1,098$664$386$218$120$58
44 years$1,061$633$363$201$109$51
45 years$1,026$604$341$186$99$46
46 years$992$576$320$172$90$41
47 years$960$550$300$159$82$36
48 years$929$525$282$147$74$32
49 years$900$501$265$135$67$29
50 years$872$479$250$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $893,000, adding $3,137 every year, while hoping to spend $34,846 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: 31/39/30 Blend
64$893,000$893,000$893,000$893,000
65$987,322$939,993$926,151$1,008,806
66$1,050,953$948,977$920,102$1,034,793
67$1,119,906$957,233$912,681$1,059,497
68$1,194,688$964,689$903,808$1,085,416
69$1,275,855$971,267$893,394$1,112,683
70$1,364,020$976,887$881,350$1,141,444
71$1,459,855$981,459$867,580$1,171,865
72$1,564,101$984,892$851,985$1,204,130
73$1,677,574$987,086$834,461$1,238,444
74$1,801,170$987,937$814,899$1,275,038
75$1,935,876$987,332$793,185$1,314,167
76$2,082,778$985,154$769,199$1,356,118
77$2,243,071$981,277$742,818$1,401,208
78$2,418,072$975,567$713,909$1,449,793
79$2,609,228$967,883$682,338$1,502,267
80$2,818,135$958,074$647,962$1,559,068
81$3,046,547$945,982$610,631$1,620,686
82$3,296,397$931,437$570,190$1,687,664
83$3,569,814$914,262$526,475$1,760,605
84$3,869,141$894,267$479,318$1,840,180
85$4,196,958$871,250$428,539$1,927,133
86$4,556,106$845,001$373,955$2,022,290
87$4,949,717$815,293$315,370$2,126,570
88$5,381,236$781,890$252,582$2,240,988
89$5,854,459$744,540$185,381$2,366,675
90$6,373,567$702,976$113,545$2,504,881
91$6,943,166$656,917$36,843$2,656,992
92$7,568,328$606,065$0$2,824,546
93$8,254,641$550,106$0$3,023,653
94$9,008,260$488,706$0$3,255,312
95$9,835,964$421,515$0$3,509,890
96$10,745,224$348,160$0$3,789,786
97$11,744,267$268,250$0$4,097,648
98$12,842,157$181,370$0$4,436,405
99$14,048,882$87,081$0$4,809,286
100$15,375,442$0$0$5,219,862