Can I retire at age 65 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$71,679$71,040$70,417$69,809$69,216$68,351
2 years$35,484$34,824$34,183$33,562$32,960$32,089
3 years$23,421$22,758$22,119$21,504$20,911$20,062
4 years$17,391$16,729$16,097$15,492$14,914$14,094
5 years$13,774$13,116$12,492$11,899$11,337$10,547
6 years$11,363$10,710$10,095$9,516$8,971$8,213
7 years$9,642$8,994$8,389$7,824$7,296$6,569
8 years$8,351$7,710$7,115$6,563$6,052$5,358
9 years$7,348$6,713$6,128$5,590$5,097$4,434
10 years$6,546$5,917$5,342$4,819$4,343$3,711
11 years$5,890$5,268$4,703$4,194$3,735$3,133
12 years$5,344$4,728$4,174$3,679$3,237$2,665
13 years$4,883$4,273$3,729$3,248$2,823$2,280
14 years$4,487$3,884$3,351$2,883$2,474$1,959
15 years$4,145$3,548$3,025$2,571$2,178$1,691
16 years$3,846$3,255$2,743$2,302$1,925$1,464
17 years$3,582$2,998$2,496$2,068$1,707$1,272
18 years$3,348$2,770$2,278$1,864$1,518$1,107
19 years$3,138$2,567$2,086$1,684$1,353$966
20 years$2,950$2,386$1,914$1,525$1,208$844
21 years$2,780$2,222$1,761$1,384$1,081$739
22 years$2,626$2,074$1,623$1,259$969$648
23 years$2,485$1,940$1,498$1,146$870$569
24 years$2,356$1,818$1,386$1,046$782$500
25 years$2,238$1,706$1,283$955$704$439
26 years$2,129$1,603$1,190$873$634$386
27 years$2,028$1,509$1,105$799$572$340
28 years$1,935$1,422$1,028$732$516$300
29 years$1,848$1,341$956$671$466$264
30 years$1,767$1,267$891$616$421$233
31 years$1,691$1,197$830$566$380$206
32 years$1,621$1,133$775$520$344$182
33 years$1,554$1,073$723$478$311$160
34 years$1,492$1,017$676$440$282$142
35 years$1,434$965$632$405$255$125
36 years$1,379$915$591$373$231$110
37 years$1,327$870$553$344$210$98
38 years$1,277$826$518$317$190$86
39 years$1,231$786$485$292$172$76
40 years$1,187$748$455$269$156$67
41 years$1,145$712$427$249$142$60
42 years$1,105$678$400$229$129$53
43 years$1,067$646$376$212$117$47
44 years$1,031$616$353$196$106$41
45 years$997$587$331$181$96$36
46 years$964$560$311$167$87$32
47 years$933$534$292$154$79$29
48 years$903$510$274$142$72$25
49 years$875$487$258$132$65$22
50 years$847$465$243$122$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $868,000, adding $3,581 every year, while hoping to spend $30,501 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: 42/50/8 Blend
64$868,000$868,000$868,000$868,000
65$960,230$914,226$900,772$998,161
66$1,025,720$926,570$898,495$1,037,290
67$1,096,869$938,497$895,119$1,076,269
68$1,174,220$949,954$890,576$1,117,777
69$1,258,373$960,884$884,793$1,162,058
70$1,349,988$971,228$877,695$1,209,378
71$1,449,790$980,922$869,201$1,260,034
72$1,558,579$989,897$859,229$1,314,352
73$1,677,232$998,080$847,692$1,372,694
74$1,806,718$1,005,395$834,498$1,435,459
75$1,948,102$1,011,757$819,552$1,503,090
76$2,102,555$1,017,080$802,753$1,576,075
77$2,271,368$1,021,270$783,998$1,654,953
78$2,455,963$1,024,227$763,177$1,740,321
79$2,657,902$1,025,846$740,175$1,832,838
80$2,878,910$1,026,014$714,873$1,933,233
81$3,120,883$1,024,613$687,145$2,042,310
82$3,385,909$1,021,514$656,860$2,160,960
83$3,676,288$1,016,586$623,882$2,290,165
84$3,994,555$1,009,683$588,067$2,431,011
85$4,343,498$1,000,656$549,266$2,584,698
86$4,726,190$989,344$507,322$2,752,551
87$5,146,016$975,576$462,072$2,936,034
88$5,606,704$959,174$413,345$3,136,764
89$6,112,359$939,945$360,964$3,356,527
90$6,667,505$917,687$304,741$3,597,294
91$7,277,124$892,187$244,483$3,861,244
92$7,946,704$863,218$179,987$4,150,781
93$8,682,292$830,540$111,041$4,468,561
94$9,490,548$793,899$37,423$4,817,515
95$10,378,811$753,026$0$5,200,879
96$11,355,163$707,637$0$5,625,738
97$12,428,510$657,433$0$6,096,161
98$13,608,666$602,095$0$6,613,325
99$14,906,440$541,287$0$7,182,058
100$16,333,742$474,655$0$7,807,686