Can I retire at age 65 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$74,156$73,495$72,851$72,222$71,608$70,364
2 years$36,711$36,027$35,365$34,722$34,099$32,849
3 years$24,231$23,544$22,883$22,247$21,634$20,418
4 years$17,992$17,307$16,653$16,028$15,429$14,257
5 years$14,250$13,569$12,924$12,311$11,729$10,603
6 years$11,756$11,080$10,444$9,845$9,281$8,202
7 years$9,975$9,305$8,679$8,094$7,548$6,517
8 years$8,640$7,976$7,361$6,790$6,262$5,279
9 years$7,602$6,945$6,340$5,784$5,273$4,337
10 years$6,772$6,122$5,527$4,985$4,493$3,603
11 years$6,094$5,450$4,866$4,339$3,864$3,020
12 years$5,529$4,891$4,318$3,806$3,349$2,549
13 years$5,051$4,420$3,858$3,360$2,920$2,163
14 years$4,642$4,018$3,467$2,983$2,560$1,845
15 years$4,288$3,670$3,130$2,660$2,254$1,579
16 years$3,978$3,368$2,838$2,382$1,992$1,356
17 years$3,706$3,101$2,582$2,140$1,766$1,168
18 years$3,463$2,866$2,357$1,928$1,570$1,008
19 years$3,247$2,656$2,158$1,743$1,400$872
20 years$3,052$2,468$1,980$1,578$1,250$755
21 years$2,876$2,299$1,822$1,432$1,119$655
22 years$2,716$2,146$1,679$1,302$1,003$569
23 years$2,571$2,007$1,550$1,186$900$495
24 years$2,438$1,881$1,434$1,082$809$430
25 years$2,315$1,765$1,328$988$728$375
26 years$2,202$1,659$1,231$903$656$327
27 years$2,098$1,561$1,144$827$591$285
28 years$2,001$1,471$1,063$758$534$249
29 years$1,912$1,388$989$695$482$217
30 years$1,828$1,310$921$638$435$190
31 years$1,750$1,239$859$586$394$166
32 years$1,677$1,172$802$538$356$145
33 years$1,608$1,110$748$495$322$127
34 years$1,544$1,052$699$455$292$111
35 years$1,483$998$654$419$264$97
36 years$1,426$947$612$386$239$85
37 years$1,372$900$572$356$217$74
38 years$1,322$855$536$328$197$65
39 years$1,273$813$502$302$178$57
40 years$1,228$773$471$279$162$50
41 years$1,184$736$441$257$147$43
42 years$1,143$701$414$237$133$38
43 years$1,104$668$389$219$121$33
44 years$1,067$637$365$202$110$29
45 years$1,031$607$342$187$100$25
46 years$998$579$322$173$90$22
47 years$965$553$302$159$82$20
48 years$935$528$284$147$75$17
49 years$905$504$267$136$68$15
50 years$877$481$251$126$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $898,000, adding $6,959 every year, while hoping to spend $36,565 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: 53/41/6 Blend
64$898,000$898,000$898,000$898,000
65$996,774$949,180$935,261$1,047,858
66$1,059,540$956,785$927,688$1,090,828
67$1,127,483$963,537$918,635$1,132,946
68$1,201,092$969,356$908,015$1,177,879
69$1,280,905$974,156$895,735$1,225,896
70$1,367,514$977,846$881,698$1,277,300
71$1,461,569$980,330$865,804$1,332,423
72$1,563,787$981,504$847,947$1,391,631
73$1,674,956$981,260$828,015$1,455,331
74$1,795,941$979,481$805,893$1,523,973
75$1,927,695$976,045$781,459$1,598,052
76$2,071,269$970,819$754,587$1,678,117
77$2,227,816$963,667$725,143$1,764,775
78$2,398,607$954,441$692,989$1,858,697
79$2,585,040$942,984$657,980$1,960,622
80$2,788,656$929,132$619,964$2,071,371
81$3,011,149$912,709$578,783$2,191,847
82$3,254,385$893,530$534,270$2,323,051
83$3,520,417$871,399$486,254$2,466,087
84$3,811,509$846,106$434,552$2,622,177
85$4,130,151$817,433$378,977$2,792,667
86$4,479,084$785,146$319,331$2,979,048
87$4,861,330$748,997$255,409$3,182,966
88$5,280,215$708,727$186,994$3,406,236
89$5,739,401$664,059$113,862$3,650,867
90$6,242,924$614,701$35,780$3,919,075
91$6,795,226$560,345$0$4,213,307
92$7,401,201$500,665$0$4,539,310
93$8,066,242$435,316$0$4,899,666
94$8,796,285$363,933$0$5,295,394
95$9,597,872$286,131$0$5,730,149
96$10,478,209$201,506$0$6,207,964
97$11,445,233$109,626$0$6,733,291
98$12,507,687$10,038$0$7,311,042
99$13,675,206$0$0$7,946,638
100$14,958,402$0$0$8,690,154