Can I retire at age 65 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,761$71,122$70,498$69,890$69,295$68,119
2 years$35,525$34,864$34,223$33,601$32,998$31,817
3 years$23,448$22,784$22,144$21,528$20,935$19,786
4 years$17,411$16,749$16,115$15,510$14,931$13,822
5 years$13,790$13,131$12,506$11,913$11,350$10,285
6 years$11,376$10,722$10,107$9,527$8,981$7,961
7 years$9,653$9,005$8,399$7,833$7,304$6,329
8 years$8,361$7,719$7,123$6,571$6,059$5,129
9 years$7,357$6,721$6,135$5,597$5,103$4,217
10 years$6,554$5,924$5,349$4,824$4,348$3,506
11 years$5,897$5,274$4,709$4,199$3,739$2,940
12 years$5,350$4,733$4,179$3,683$3,240$2,483
13 years$4,888$4,278$3,734$3,251$2,826$2,108
14 years$4,492$3,888$3,355$2,886$2,477$1,799
15 years$4,150$3,552$3,029$2,574$2,181$1,541
16 years$3,850$3,259$2,746$2,305$1,928$1,324
17 years$3,586$3,001$2,499$2,071$1,709$1,141
18 years$3,351$2,773$2,281$1,866$1,520$986
19 years$3,142$2,570$2,088$1,686$1,355$853
20 years$2,953$2,388$1,916$1,527$1,210$740
21 years$2,783$2,225$1,763$1,386$1,083$642
22 years$2,629$2,077$1,625$1,260$970$558
23 years$2,488$1,942$1,500$1,148$871$486
24 years$2,359$1,820$1,387$1,047$783$423
25 years$2,240$1,708$1,285$956$705$369
26 years$2,131$1,605$1,192$874$635$322
27 years$2,030$1,511$1,107$800$572$281
28 years$1,937$1,423$1,029$733$516$245
29 years$1,850$1,343$957$672$466$214
30 years$1,769$1,268$892$617$421$187
31 years$1,693$1,199$831$567$381$164
32 years$1,623$1,134$776$521$345$143
33 years$1,556$1,074$724$479$312$125
34 years$1,494$1,018$677$441$282$110
35 years$1,435$966$633$406$256$96
36 years$1,380$917$592$374$232$84
37 years$1,328$871$554$344$210$73
38 years$1,279$827$519$317$190$64
39 years$1,232$787$486$292$173$56
40 years$1,188$748$456$270$157$49
41 years$1,146$712$427$249$142$43
42 years$1,106$679$401$230$129$38
43 years$1,069$646$376$212$117$33
44 years$1,032$616$353$196$106$29
45 years$998$588$331$181$96$25
46 years$965$561$311$167$88$22
47 years$934$535$292$154$79$20
48 years$904$511$275$143$72$17
49 years$876$488$258$132$66$15
50 years$848$466$243$122$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $869,000, adding $4,585 every year, while hoping to spend $46,551 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: 42/40/18 Blend
64$869,000$869,000$869,000$869,000
65$962,367$916,310$902,841$997,538
66$1,010,999$911,680$883,556$1,018,231
67$1,063,031$905,262$862,065$1,035,729
68$1,118,761$896,920$838,245$1,053,702
69$1,178,515$886,510$811,967$1,072,215
70$1,242,651$873,877$783,096$1,091,346
71$1,311,564$858,859$751,491$1,111,182
72$1,385,683$841,283$717,006$1,131,822
73$1,465,484$820,967$679,487$1,153,381
74$1,551,485$797,717$638,772$1,175,988
75$1,644,260$771,327$594,694$1,199,792
76$1,744,434$741,583$547,076$1,224,959
77$1,852,699$708,253$495,736$1,251,678
78$1,969,813$671,095$440,481$1,280,163
79$2,096,608$629,854$381,112$1,310,654
80$2,234,002$584,256$317,419$1,343,424
81$2,383,001$534,016$249,183$1,378,777
82$2,544,714$478,829$176,178$1,417,057
83$2,720,359$418,376$98,164$1,458,648
84$2,911,276$352,317$14,893$1,503,984
85$3,118,940$280,295$0$1,553,549
86$3,344,974$201,931$0$1,622,091
87$3,591,161$116,826$0$1,699,985
88$3,859,468$24,558$0$1,785,101
89$4,152,055$0$0$1,878,251
90$4,471,302$0$0$2,013,492
91$4,819,828$0$0$2,173,039
92$5,200,515$0$0$2,347,417
93$5,616,539$0$0$2,538,092
94$6,071,392$0$0$2,746,680
95$6,568,922$0$0$2,974,960
96$7,113,365$0$0$3,224,890
97$7,709,386$0$0$3,498,627
98$8,362,119$0$0$3,798,546
99$9,077,223$0$0$4,127,264
100$9,860,925$0$0$4,487,660