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%13.3%
1 years$74,156$73,495$72,851$72,222$71,608$70,625
2 years$36,711$36,027$35,365$34,722$34,099$33,111
3 years$24,231$23,544$22,883$22,247$21,634$20,671
4 years$17,992$17,307$16,653$16,028$15,429$14,499
5 years$14,250$13,569$12,924$12,311$11,729$10,834
6 years$11,756$11,080$10,444$9,845$9,281$8,422
7 years$9,975$9,305$8,679$8,094$7,548$6,725
8 years$8,640$7,976$7,361$6,790$6,262$5,476
9 years$7,602$6,945$6,340$5,784$5,273$4,523
10 years$6,772$6,122$5,527$4,985$4,493$3,779
11 years$6,094$5,450$4,866$4,339$3,864$3,185
12 years$5,529$4,891$4,318$3,806$3,349$2,703
13 years$5,051$4,420$3,858$3,360$2,920$2,308
14 years$4,642$4,018$3,467$2,983$2,560$1,980
15 years$4,288$3,670$3,130$2,660$2,254$1,705
16 years$3,978$3,368$2,838$2,382$1,992$1,474
17 years$3,706$3,101$2,582$2,140$1,766$1,277
18 years$3,463$2,866$2,357$1,928$1,570$1,110
19 years$3,247$2,656$2,158$1,743$1,400$966
20 years$3,052$2,468$1,980$1,578$1,250$842
21 years$2,876$2,299$1,822$1,432$1,119$736
22 years$2,716$2,146$1,679$1,302$1,003$643
23 years$2,571$2,007$1,550$1,186$900$563
24 years$2,438$1,881$1,434$1,082$809$494
25 years$2,315$1,765$1,328$988$728$433
26 years$2,202$1,659$1,231$903$656$380
27 years$2,098$1,561$1,144$827$591$334
28 years$2,001$1,471$1,063$758$534$294
29 years$1,912$1,388$989$695$482$258
30 years$1,828$1,310$921$638$435$227
31 years$1,750$1,239$859$586$394$200
32 years$1,677$1,172$802$538$356$176
33 years$1,608$1,110$748$495$322$155
34 years$1,544$1,052$699$455$292$137
35 years$1,483$998$654$419$264$120
36 years$1,426$947$612$386$239$106
37 years$1,372$900$572$356$217$93
38 years$1,322$855$536$328$197$82
39 years$1,273$813$502$302$178$73
40 years$1,228$773$471$279$162$64
41 years$1,184$736$441$257$147$56
42 years$1,143$701$414$237$133$50
43 years$1,104$668$389$219$121$44
44 years$1,067$637$365$202$110$39
45 years$1,031$607$342$187$100$34
46 years$998$579$322$173$90$30
47 years$965$553$302$159$82$27
48 years$935$528$284$147$75$23
49 years$905$504$267$136$68$21
50 years$877$481$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $898,000, adding $4,904 every year, while hoping to spend $26,029 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: 83/10/7 Blend
64$898,000$898,000$898,000$898,000
65$994,654$947,060$933,141$1,076,161
66$1,068,415$965,772$936,707$1,148,857
67$1,148,826$984,528$939,520$1,224,657
68$1,236,539$1,003,303$941,527$1,307,082
69$1,332,271$1,022,069$942,673$1,396,781
70$1,436,810$1,040,798$942,900$1,494,468
71$1,551,025$1,059,457$942,147$1,600,929
72$1,675,870$1,078,012$940,350$1,717,030
73$1,812,399$1,096,424$937,442$1,843,726
74$1,961,771$1,114,656$933,353$1,982,066
75$2,125,259$1,132,662$928,008$2,133,208
76$2,304,271$1,150,398$921,332$2,298,426
77$2,500,352$1,167,813$913,242$2,479,124
78$2,715,207$1,184,854$903,654$2,676,850
79$2,950,710$1,201,465$892,479$2,893,306
80$3,208,930$1,217,583$879,624$3,130,370
81$3,492,141$1,233,145$864,992$3,390,110
82$3,802,851$1,248,081$848,480$3,674,803
83$4,143,820$1,262,315$829,983$3,986,961
84$4,518,090$1,275,769$809,388$4,329,348
85$4,929,011$1,288,357$786,578$4,705,011
86$5,380,273$1,299,990$761,431$5,117,308
87$5,875,942$1,310,571$733,820$5,569,938
88$6,420,496$1,319,996$703,611$6,066,977
89$7,018,869$1,328,158$670,664$6,612,916
90$7,676,495$1,334,939$634,833$7,212,703
91$8,399,362$1,340,216$595,965$7,871,791
92$9,194,068$1,343,858$553,900$8,596,190
93$10,067,880$1,345,724$508,473$9,392,519
94$11,028,805$1,345,666$459,508$10,268,076
95$12,085,666$1,343,526$406,824$11,230,899
96$13,248,182$1,339,137$350,231$12,289,848
97$14,527,062$1,332,320$289,530$13,454,686
98$15,934,107$1,322,888$224,513$14,736,170
99$17,482,317$1,310,641$154,965$16,146,156
100$19,186,016$1,295,365$80,660$17,697,707