Can I retire at age 65 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$73,826$73,168$72,527$71,900$71,289$70,721
2 years$36,547$35,867$35,207$34,567$33,947$33,375
3 years$24,123$23,439$22,781$22,148$21,537$20,978
4 years$17,912$17,230$16,579$15,956$15,361$14,819
5 years$14,186$13,509$12,866$12,256$11,677$11,154
6 years$11,703$11,031$10,398$9,801$9,240$8,737
7 years$9,930$9,264$8,640$8,058$7,514$7,031
8 years$8,601$7,941$7,328$6,760$6,234$5,771
9 years$7,568$6,914$6,311$5,758$5,250$4,807
10 years$6,742$6,094$5,502$4,963$4,473$4,050
11 years$6,067$5,425$4,844$4,320$3,847$3,443
12 years$5,504$4,869$4,299$3,789$3,334$2,948
13 years$5,029$4,401$3,841$3,345$2,907$2,540
14 years$4,622$4,000$3,451$2,969$2,548$2,199
15 years$4,269$3,654$3,116$2,648$2,244$1,912
16 years$3,961$3,353$2,825$2,371$1,983$1,669
17 years$3,689$3,088$2,571$2,130$1,758$1,460
18 years$3,448$2,853$2,347$1,920$1,563$1,281
19 years$3,232$2,644$2,148$1,735$1,393$1,127
20 years$3,038$2,457$1,972$1,571$1,245$993
21 years$2,863$2,289$1,813$1,426$1,114$876
22 years$2,704$2,136$1,671$1,297$998$775
23 years$2,559$1,998$1,543$1,181$896$686
24 years$2,427$1,872$1,427$1,077$806$607
25 years$2,305$1,757$1,322$984$725$539
26 years$2,193$1,651$1,226$899$653$478
27 years$2,089$1,554$1,138$823$589$425
28 years$1,993$1,464$1,058$754$531$377
29 years$1,903$1,381$985$692$480$336
30 years$1,820$1,305$917$635$433$299
31 years$1,742$1,233$855$583$392$266
32 years$1,669$1,167$798$536$354$237
33 years$1,601$1,105$745$493$321$211
34 years$1,537$1,047$696$453$290$188
35 years$1,477$993$651$417$263$168
36 years$1,420$943$609$384$238$150
37 years$1,366$896$570$354$216$133
38 years$1,316$851$534$326$196$119
39 years$1,268$809$500$301$178$106
40 years$1,222$770$469$278$161$95
41 years$1,179$733$439$256$146$85
42 years$1,138$698$412$236$133$76
43 years$1,099$665$387$218$120$67
44 years$1,062$634$363$201$109$60
45 years$1,027$605$341$186$99$54
46 years$993$577$320$172$90$48
47 years$961$550$301$159$82$43
48 years$930$525$283$147$74$38
49 years$901$502$266$136$67$34
50 years$873$479$250$125$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $894,000, adding $3,721 every year, while hoping to spend $55,757 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: 47/47/6 Blend
64$894,000$894,000$894,000$894,000
65$989,026$941,644$927,787$1,033,767
66$1,030,582$928,460$899,543$1,051,648
67$1,074,507$912,761$868,484$1,064,869
68$1,120,986$894,364$834,457$1,077,903
69$1,170,217$873,079$797,301$1,090,748
70$1,222,418$848,699$756,850$1,103,407
71$1,277,829$821,009$712,929$1,115,885
72$1,336,709$789,780$665,353$1,128,194
73$1,399,344$754,770$613,933$1,140,350
74$1,466,046$715,722$558,469$1,152,376
75$1,537,156$672,367$498,752$1,164,303
76$1,613,050$624,416$434,563$1,176,170
77$1,694,136$571,568$365,676$1,188,026
78$1,780,864$513,501$291,853$1,199,932
79$1,873,728$449,878$212,845$1,211,960
80$1,973,267$380,341$128,394$1,224,198
81$2,080,074$304,511$38,229$1,236,751
82$2,194,799$221,990$0$1,249,741
83$2,318,158$132,356$0$1,267,025
84$2,450,932$35,165$0$1,287,910
85$2,593,984$0$0$1,310,162
86$2,748,258$0$0$1,370,256
87$2,914,794$0$0$1,454,836
88$3,094,732$0$0$1,546,306
89$3,289,326$0$0$1,645,312
90$3,499,956$0$0$1,752,567
91$3,728,136$0$0$1,868,854
92$3,975,532$0$0$1,995,034
93$4,243,978$0$0$2,132,055
94$4,535,487$0$0$2,280,958
95$4,852,277$0$0$2,442,890
96$5,196,786$0$0$2,619,111
97$5,571,697$0$0$2,811,008
98$5,979,961$0$0$3,020,108
99$6,424,826$0$0$3,248,091
100$6,909,868$0$0$3,496,806