Can I retire at age 65 with 895,000?

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 $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%16.8%
1 years$73,908$73,250$72,608$71,981$71,369$69,390
2 years$36,588$35,907$35,246$34,606$33,985$32,006
3 years$24,150$23,466$22,807$22,172$21,561$19,645
4 years$17,932$17,250$16,597$15,974$15,378$13,538
5 years$14,202$13,524$12,880$12,270$11,690$9,932
6 years$11,716$11,043$10,409$9,812$9,250$7,575
7 years$9,942$9,274$8,650$8,067$7,523$5,931
8 years$8,611$7,950$7,336$6,767$6,241$4,732
9 years$7,577$6,922$6,318$5,764$5,256$3,828
10 years$6,750$6,101$5,509$4,969$4,478$3,129
11 years$6,074$5,431$4,850$4,324$3,851$2,580
12 years$5,511$4,875$4,304$3,793$3,337$2,140
13 years$5,035$4,406$3,845$3,349$2,910$1,785
14 years$4,627$4,004$3,455$2,973$2,551$1,496
15 years$4,274$3,658$3,119$2,651$2,246$1,257
16 years$3,965$3,356$2,828$2,374$1,985$1,060
17 years$3,693$3,091$2,574$2,133$1,760$896
18 years$3,452$2,856$2,349$1,922$1,565$759
19 years$3,236$2,647$2,151$1,737$1,395$643
20 years$3,042$2,460$1,974$1,573$1,246$547
21 years$2,867$2,291$1,816$1,428$1,115$465
22 years$2,707$2,139$1,673$1,298$1,000$396
23 years$2,562$2,000$1,545$1,182$897$337
24 years$2,429$1,874$1,429$1,078$806$287
25 years$2,307$1,759$1,323$985$726$245
26 years$2,195$1,653$1,227$900$654$209
27 years$2,091$1,556$1,140$824$589$179
28 years$1,995$1,466$1,060$755$532$153
29 years$1,905$1,383$986$692$480$130
30 years$1,822$1,306$918$635$434$112
31 years$1,744$1,235$856$584$392$95
32 years$1,671$1,168$799$536$355$82
33 years$1,603$1,106$746$493$321$70
34 years$1,539$1,049$697$454$291$60
35 years$1,478$995$652$418$263$51
36 years$1,421$944$610$385$239$44
37 years$1,368$897$571$354$216$37
38 years$1,317$852$534$327$196$32
39 years$1,269$810$501$301$178$27
40 years$1,224$771$469$278$161$23
41 years$1,180$734$440$256$146$20
42 years$1,139$699$413$237$133$17
43 years$1,100$666$387$218$120$15
44 years$1,063$635$363$202$109$13
45 years$1,028$605$341$186$99$11
46 years$994$577$321$172$90$9
47 years$962$551$301$159$82$8
48 years$931$526$283$147$74$7
49 years$902$502$266$136$68$6
50 years$874$480$250$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $895,000, adding $5,702 every year, while hoping to spend $25,812 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: 45/34/21 Blend
64$895,000$895,000$895,000$895,000
65$992,172$944,737$930,864$1,030,588
66$1,065,909$963,565$934,584$1,076,998
67$1,146,303$982,451$937,564$1,124,308
68$1,234,005$1,001,370$939,751$1,175,084
69$1,329,732$1,020,295$941,091$1,229,660
70$1,434,273$1,039,198$941,526$1,288,405
71$1,548,499$1,058,048$940,997$1,351,725
72$1,673,365$1,076,812$939,440$1,420,071
73$1,809,925$1,095,453$936,788$1,493,937
74$1,959,340$1,113,933$932,973$1,573,869
75$2,122,886$1,132,209$927,921$1,660,471
76$2,301,970$1,150,237$921,556$1,754,407
77$2,498,141$1,167,969$913,799$1,856,411
78$2,713,105$1,185,353$904,564$1,967,292
79$2,948,740$1,202,333$893,766$2,087,943
80$3,207,115$1,218,851$881,310$2,219,350
81$3,490,509$1,234,843$867,102$2,362,598
82$3,801,432$1,250,241$851,041$2,518,886
83$4,142,647$1,264,972$833,020$2,689,537
84$4,517,201$1,278,960$812,930$2,876,008
85$4,928,448$1,292,121$790,655$3,079,910
86$5,380,082$1,304,367$766,075$3,303,017
87$5,876,174$1,315,605$739,062$3,547,287
88$6,421,208$1,325,734$709,485$3,814,878
89$7,020,124$1,334,648$677,206$4,108,173
90$7,678,365$1,342,234$642,080$4,429,799
91$8,401,924$1,348,369$603,956$4,782,653
92$9,197,409$1,352,927$562,677$5,169,931
93$10,072,095$1,355,771$518,077$5,595,158
94$11,034,000$1,356,756$469,984$6,062,219
95$12,091,958$1,355,727$418,218$6,575,402
96$13,255,701$1,352,521$362,592$7,139,434
97$14,535,952$1,346,964$302,909$7,759,528
98$15,944,527$1,338,873$238,964$8,441,433
99$17,494,442$1,328,051$170,542$9,191,489
100$19,200,041$1,314,291$97,421$10,016,686