Can I retire at age 65 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$73,908$73,250$72,608$71,981$71,369$70,157
2 years$36,588$35,907$35,246$34,606$33,985$32,769
3 years$24,150$23,466$22,807$22,172$21,561$20,378
4 years$17,932$17,250$16,597$15,974$15,378$14,236
5 years$14,202$13,524$12,880$12,270$11,690$10,593
6 years$11,716$11,043$10,409$9,812$9,250$8,199
7 years$9,942$9,274$8,650$8,067$7,523$6,518
8 years$8,611$7,950$7,336$6,767$6,241$5,282
9 years$7,577$6,922$6,318$5,764$5,256$4,343
10 years$6,750$6,101$5,509$4,969$4,478$3,610
11 years$6,074$5,431$4,850$4,324$3,851$3,028
12 years$5,511$4,875$4,304$3,793$3,337$2,557
13 years$5,035$4,406$3,845$3,349$2,910$2,172
14 years$4,627$4,004$3,455$2,973$2,551$1,853
15 years$4,274$3,658$3,119$2,651$2,246$1,587
16 years$3,965$3,356$2,828$2,374$1,985$1,364
17 years$3,693$3,091$2,574$2,133$1,760$1,175
18 years$3,452$2,856$2,349$1,922$1,565$1,015
19 years$3,236$2,647$2,151$1,737$1,395$879
20 years$3,042$2,460$1,974$1,573$1,246$762
21 years$2,867$2,291$1,816$1,428$1,115$661
22 years$2,707$2,139$1,673$1,298$1,000$575
23 years$2,562$2,000$1,545$1,182$897$500
24 years$2,429$1,874$1,429$1,078$806$436
25 years$2,307$1,759$1,323$985$726$380
26 years$2,195$1,653$1,227$900$654$331
27 years$2,091$1,556$1,140$824$589$289
28 years$1,995$1,466$1,060$755$532$252
29 years$1,905$1,383$986$692$480$221
30 years$1,822$1,306$918$635$434$193
31 years$1,744$1,235$856$584$392$169
32 years$1,671$1,168$799$536$355$147
33 years$1,603$1,106$746$493$321$129
34 years$1,539$1,049$697$454$291$113
35 years$1,478$995$652$418$263$99
36 years$1,421$944$610$385$239$86
37 years$1,368$897$571$354$216$76
38 years$1,317$852$534$327$196$66
39 years$1,269$810$501$301$178$58
40 years$1,224$771$469$278$161$51
41 years$1,180$734$440$256$146$45
42 years$1,139$699$413$237$133$39
43 years$1,100$666$387$218$120$34
44 years$1,063$635$363$202$109$30
45 years$1,028$605$341$186$99$26
46 years$994$577$321$172$90$23
47 years$962$551$301$159$82$20
48 years$931$526$283$147$74$18
49 years$902$502$266$136$68$15
50 years$874$480$250$125$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $895,000, adding $4,931 every year, while hoping to spend $49,932 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: 62/27/11 Blend
64$895,000$895,000$895,000$895,000
65$991,376$943,941$930,069$1,050,028
66$1,039,369$937,067$908,099$1,083,040
67$1,090,584$928,183$883,719$1,112,878
68$1,145,297$917,137$856,797$1,144,209
69$1,203,810$903,769$827,192$1,177,178
70$1,266,454$887,909$794,759$1,211,948
71$1,333,593$869,378$759,344$1,248,697
72$1,405,627$847,984$720,789$1,287,627
73$1,482,992$823,527$678,927$1,328,962
74$1,566,169$795,791$633,583$1,372,948
75$1,655,685$764,552$584,575$1,419,862
76$1,752,120$729,570$531,713$1,470,009
77$1,856,109$690,592$474,798$1,523,732
78$1,968,351$647,350$413,623$1,581,406
79$2,089,614$599,561$347,970$1,643,453
80$2,220,741$546,925$277,613$1,710,339
81$2,362,659$489,128$202,316$1,782,580
82$2,516,388$425,833$121,832$1,860,751
83$2,683,049$356,688$35,902$1,945,488
84$2,863,874$281,319$0$2,037,497
85$3,060,218$199,333$0$2,144,110
86$3,273,573$110,313$0$2,264,568
87$3,505,578$13,819$0$2,395,649
88$3,758,038$0$0$2,538,453
89$4,032,938$0$0$2,721,121
90$4,332,462$0$0$2,924,687
91$4,659,015$0$0$3,146,685
92$5,015,243$0$0$3,388,923
93$5,404,058$0$0$3,653,389
94$5,828,665$0$0$3,942,273
95$6,292,594$0$0$4,257,985
96$6,799,731$0$0$4,603,178
97$7,354,351$0$0$4,980,773
98$7,961,167$0$0$5,393,987
99$8,625,362$0$0$5,846,362
100$9,352,649$0$0$6,341,798