Can I retire at age 65 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$71,844$71,204$70,579$69,970$69,375$68,708
2 years$35,566$34,904$34,262$33,639$33,036$32,364
3 years$23,475$22,810$22,170$21,553$20,959$20,303
4 years$17,431$16,768$16,134$15,528$14,948$14,313
5 years$13,805$13,146$12,521$11,927$11,363$10,751
6 years$11,389$10,735$10,118$9,538$8,992$8,403
7 years$9,664$9,015$8,408$7,842$7,313$6,748
8 years$8,371$7,728$7,131$6,578$6,066$5,525
9 years$7,365$6,728$6,142$5,603$5,109$4,591
10 years$6,561$5,931$5,355$4,830$4,353$3,859
11 years$5,904$5,280$4,714$4,204$3,744$3,273
12 years$5,357$4,739$4,184$3,687$3,244$2,796
13 years$4,894$4,282$3,738$3,255$2,829$2,402
14 years$4,498$3,893$3,359$2,890$2,480$2,075
15 years$4,154$3,556$3,032$2,577$2,183$1,799
16 years$3,854$3,263$2,749$2,307$1,930$1,565
17 years$3,590$3,005$2,502$2,073$1,711$1,366
18 years$3,355$2,776$2,284$1,868$1,521$1,195
19 years$3,145$2,573$2,091$1,688$1,356$1,048
20 years$2,957$2,391$1,919$1,529$1,211$921
21 years$2,786$2,227$1,765$1,388$1,084$810
22 years$2,632$2,079$1,627$1,262$972$714
23 years$2,491$1,945$1,502$1,149$872$630
24 years$2,362$1,822$1,389$1,048$784$557
25 years$2,243$1,710$1,286$957$705$492
26 years$2,134$1,607$1,193$875$635$435
27 years$2,033$1,512$1,108$801$573$386
28 years$1,939$1,425$1,030$734$517$342
29 years$1,852$1,344$958$673$467$303
30 years$1,771$1,270$893$618$422$269
31 years$1,695$1,200$832$567$381$238
32 years$1,624$1,136$777$521$345$212
33 years$1,558$1,075$725$479$312$188
34 years$1,496$1,019$677$441$283$167
35 years$1,437$967$633$406$256$148
36 years$1,382$918$593$374$232$132
37 years$1,330$872$555$345$210$117
38 years$1,280$828$519$318$191$104
39 years$1,234$788$487$293$173$93
40 years$1,189$749$456$270$157$82
41 years$1,147$713$428$249$142$73
42 years$1,108$679$401$230$129$65
43 years$1,070$647$376$212$117$58
44 years$1,034$617$353$196$106$52
45 years$999$588$332$181$97$46
46 years$967$561$312$167$88$41
47 years$935$536$293$154$80$36
48 years$905$511$275$143$72$32
49 years$877$488$259$132$66$29
50 years$849$466$243$122$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $870,000, adding $3,565 every year, while hoping to spend $57,663 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: 35/38/27 Blend
64$870,000$870,000$870,000$870,000
65$962,417$916,307$902,822$988,158
66$999,231$899,853$871,714$991,238
67$1,037,867$880,661$837,631$989,101
68$1,078,450$858,534$800,412$985,674
69$1,121,117$833,267$759,891$980,882
70$1,166,014$804,640$715,890$974,644
71$1,213,303$772,423$668,228$966,880
72$1,263,159$736,371$616,713$957,506
73$1,315,772$696,224$561,144$946,437
74$1,371,351$651,709$501,312$933,585
75$1,430,121$602,535$436,999$918,862
76$1,492,332$548,398$367,976$902,178
77$1,558,252$488,972$294,006$883,441
78$1,628,178$423,916$214,840$862,560
79$1,702,433$352,868$130,217$839,443
80$1,781,369$275,447$39,868$813,999
81$1,865,373$191,248$0$786,136
82$1,954,869$99,846$0$772,059
83$2,050,318$792$0$768,704
84$2,152,229$0$0$764,580
85$2,261,157$0$0$804,187
86$2,377,713$0$0$847,003
87$2,502,563$0$0$892,950
88$2,636,441$0$0$942,310
89$2,780,151$0$0$995,390
90$2,934,576$0$0$1,052,529
91$3,100,683$0$0$1,114,097
92$3,279,538$0$0$1,180,503
93$3,472,306$0$0$1,252,195
94$3,680,273$0$0$1,329,665
95$3,904,846$0$0$1,413,454
96$4,147,575$0$0$1,504,156
97$4,410,162$0$0$1,602,425
98$4,694,478$0$0$1,708,981
99$5,002,581$0$0$1,824,613
100$5,336,732$0$0$1,950,192