Can I retire at age 65 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,018$70,385$69,768$69,166$68,578$68,231
2 years$35,157$34,503$33,868$33,253$32,656$32,306
3 years$23,205$22,548$21,915$21,305$20,718$20,376
4 years$17,231$16,575$15,948$15,349$14,776$14,445
5 years$13,647$12,995$12,377$11,790$11,233$10,912
6 years$11,258$10,611$10,002$9,428$8,888$8,579
7 years$9,553$8,911$8,312$7,752$7,228$6,932
8 years$8,274$7,639$7,049$6,503$5,997$5,712
9 years$7,280$6,651$6,071$5,539$5,050$4,777
10 years$6,486$5,862$5,293$4,774$4,303$4,041
11 years$5,836$5,219$4,660$4,155$3,701$3,450
12 years$5,295$4,684$4,136$3,645$3,207$2,968
13 years$4,838$4,233$3,695$3,218$2,796$2,569
14 years$4,446$3,848$3,320$2,856$2,451$2,234
15 years$4,107$3,515$2,997$2,547$2,158$1,952
16 years$3,810$3,225$2,718$2,281$1,908$1,711
17 years$3,549$2,970$2,473$2,049$1,691$1,505
18 years$3,317$2,745$2,257$1,847$1,504$1,327
19 years$3,109$2,544$2,067$1,669$1,340$1,173
20 years$2,923$2,364$1,897$1,511$1,197$1,039
21 years$2,754$2,202$1,745$1,372$1,071$921
22 years$2,601$2,055$1,608$1,247$960$819
23 years$2,462$1,922$1,485$1,136$862$728
24 years$2,334$1,801$1,373$1,036$775$649
25 years$2,217$1,690$1,272$946$697$578
26 years$2,109$1,588$1,179$865$628$516
27 years$2,009$1,495$1,095$792$566$461
28 years$1,917$1,409$1,018$725$511$412
29 years$1,831$1,329$947$665$461$369
30 years$1,751$1,255$882$611$417$330
31 years$1,676$1,186$823$561$377$295
32 years$1,606$1,123$768$515$341$265
33 years$1,540$1,063$717$474$309$237
34 years$1,479$1,008$670$436$279$213
35 years$1,421$956$626$401$253$191
36 years$1,366$907$586$370$229$171
37 years$1,314$861$548$341$208$153
38 years$1,266$819$513$314$188$138
39 years$1,219$779$481$289$171$124
40 years$1,176$741$451$267$155$111
41 years$1,134$705$423$246$141$100
42 years$1,095$671$397$227$128$90
43 years$1,057$640$372$210$116$80
44 years$1,022$610$349$194$105$72
45 years$988$582$328$179$95$65
46 years$955$555$308$165$87$58
47 years$925$529$289$153$79$52
48 years$895$505$272$141$71$47
49 years$867$483$256$130$65$42
50 years$840$461$240$121$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $860,000, adding $2,387 every year, while hoping to spend $54,532 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: 34/37/29 Blend
64$860,000$860,000$860,000$860,000
65$950,182$904,602$891,272$974,091
66$989,079$890,906$863,108$978,690
67$1,030,116$874,711$832,173$978,622
68$1,073,453$855,837$798,316$977,505
69$1,119,266$834,094$761,381$975,282
70$1,167,746$809,280$721,202$971,899
71$1,219,102$781,180$677,608$967,298
72$1,273,562$749,570$630,419$961,425
73$1,331,376$714,209$579,448$954,222
74$1,392,815$674,844$524,499$945,637
75$1,458,179$631,208$465,367$935,615
76$1,527,794$583,018$401,837$924,105
77$1,602,018$529,975$333,687$911,057
78$1,681,241$471,761$260,684$896,427
79$1,765,894$408,044$182,583$880,171
80$1,856,446$338,468$99,130$862,254
81$1,953,413$262,663$10,060$842,644
82$2,057,360$180,232$0$821,317
83$2,168,907$90,760$0$824,557
84$2,288,736$0$0$831,089
85$2,417,594$0$0$840,419
86$2,556,300$0$0$890,330
87$2,705,756$0$0$944,203
88$2,866,950$0$0$1,002,407
89$3,040,971$0$0$1,065,348
90$3,229,012$0$0$1,133,471
91$3,432,385$0$0$1,207,265
92$3,652,535$0$0$1,287,269
93$3,891,046$0$0$1,374,074
94$4,149,662$0$0$1,468,332
95$4,430,302$0$0$1,570,759
96$4,735,074$0$0$1,682,142
97$5,066,299$0$0$1,803,347
98$5,426,529$0$0$1,935,329
99$5,818,572$0$0$2,079,136
100$6,245,516$0$0$2,235,923