Can I retire at age 65 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$74,239$73,577$72,932$72,302$71,688$68,979
2 years$36,752$36,067$35,404$34,761$34,137$31,440
3 years$24,258$23,570$22,909$22,272$21,658$19,057
4 years$18,012$17,327$16,672$16,045$15,447$12,962
5 years$14,266$13,584$12,938$12,324$11,742$9,379
6 years$11,769$11,093$10,456$9,856$9,291$7,052
7 years$9,986$9,316$8,689$8,103$7,556$5,441
8 years$8,650$7,985$7,369$6,797$6,269$4,274
9 years$7,611$6,953$6,347$5,790$5,279$3,403
10 years$6,780$6,128$5,533$4,991$4,498$2,737
11 years$6,101$5,456$4,871$4,344$3,868$2,219
12 years$5,535$4,897$4,323$3,810$3,352$1,809
13 years$5,057$4,425$3,862$3,364$2,923$1,483
14 years$4,647$4,022$3,470$2,986$2,563$1,220
15 years$4,293$3,675$3,133$2,663$2,256$1,007
16 years$3,983$3,371$2,841$2,384$1,994$833
17 years$3,710$3,105$2,585$2,142$1,768$691
18 years$3,467$2,869$2,360$1,931$1,572$574
19 years$3,250$2,659$2,160$1,744$1,401$477
20 years$3,055$2,471$1,983$1,580$1,252$397
21 years$2,879$2,302$1,824$1,434$1,120$331
22 years$2,719$2,148$1,681$1,304$1,004$276
23 years$2,574$2,009$1,552$1,187$901$231
24 years$2,440$1,883$1,435$1,083$810$193
25 years$2,318$1,767$1,329$989$729$161
26 years$2,205$1,660$1,233$904$657$135
27 years$2,100$1,563$1,145$828$592$112
28 years$2,004$1,473$1,064$758$534$94
29 years$1,914$1,389$990$695$482$79
30 years$1,830$1,312$923$638$436$66
31 years$1,752$1,240$860$586$394$55
32 years$1,679$1,173$802$539$356$46
33 years$1,610$1,111$749$495$323$39
34 years$1,546$1,053$700$456$292$32
35 years$1,485$999$654$420$265$27
36 years$1,428$948$612$386$240$23
37 years$1,374$901$573$356$217$19
38 years$1,323$856$537$328$197$16
39 years$1,275$814$503$303$179$13
40 years$1,229$774$471$279$162$11
41 years$1,186$737$442$258$147$9
42 years$1,145$702$415$238$133$8
43 years$1,105$669$389$219$121$7
44 years$1,068$638$365$203$110$5
45 years$1,033$608$343$187$100$5
46 years$999$580$322$173$91$4
47 years$966$553$302$160$82$3
48 years$936$528$284$148$75$3
49 years$906$505$267$136$68$2
50 years$878$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $899,000, adding $4,504 every year, while hoping to spend $29,671 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: 47/24/29 Blend
64$899,000$899,000$899,000$899,000
65$995,344$947,697$933,762$1,033,661
66$1,065,299$962,564$933,474$1,076,064
67$1,141,396$977,166$932,181$1,118,835
68$1,224,228$991,457$929,819$1,164,698
69$1,314,451$1,005,390$926,320$1,213,961
70$1,412,786$1,018,915$921,612$1,266,962
71$1,520,025$1,031,977$915,621$1,324,076
72$1,637,041$1,044,517$908,268$1,385,718
73$1,764,795$1,056,474$899,471$1,452,343
74$1,904,344$1,067,781$889,143$1,524,459
75$2,056,853$1,078,368$877,195$1,602,622
76$2,223,603$1,088,159$863,532$1,687,449
77$2,406,005$1,097,074$848,055$1,779,623
78$2,605,614$1,105,027$830,661$1,879,894
79$2,824,140$1,111,927$811,242$1,989,095
80$3,063,467$1,117,676$789,684$2,108,141
81$3,325,671$1,122,172$765,868$2,238,048
82$3,613,036$1,125,305$739,671$2,379,932
83$3,928,078$1,126,958$710,963$2,535,031
84$4,273,571$1,127,008$679,608$2,704,707
85$4,652,565$1,125,321$645,466$2,890,467
86$5,068,424$1,121,760$608,386$3,093,971
87$5,524,852$1,116,175$568,216$3,317,056
88$6,025,928$1,108,408$524,792$3,561,746
89$6,576,147$1,098,294$477,947$3,830,276
90$7,180,458$1,085,655$427,502$4,125,113
91$7,844,316$1,070,303$373,274$4,448,979
92$8,573,728$1,052,039$315,071$4,804,878
93$9,375,312$1,030,653$252,690$5,196,124
94$10,256,361$1,005,922$185,922$5,626,376
95$11,224,907$977,610$114,547$6,099,670
96$12,289,800$945,465$38,337$6,620,456
97$13,460,790$909,224$0$7,193,647
98$14,748,621$868,606$0$7,837,966
99$16,165,128$823,315$0$8,559,611
100$17,723,351$773,037$0$9,353,382