Can I retire at age 65 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$72,009$71,368$70,742$70,131$69,535$69,096
2 years$35,648$34,984$34,341$33,717$33,112$32,670
3 years$23,529$22,862$22,221$21,603$21,007$20,575
4 years$17,471$16,806$16,171$15,564$14,983$14,564
5 years$13,837$13,176$12,549$11,954$11,390$10,985
6 years$11,415$10,760$10,142$9,560$9,012$8,623
7 years$9,686$9,036$8,428$7,860$7,329$6,955
8 years$8,390$7,745$7,147$6,593$6,080$5,721
9 years$7,382$6,744$6,156$5,616$5,121$4,776
10 years$6,576$5,944$5,367$4,841$4,363$4,034
11 years$5,918$5,292$4,725$4,213$3,752$3,438
12 years$5,369$4,750$4,193$3,696$3,252$2,951
13 years$4,905$4,292$3,746$3,263$2,836$2,549
14 years$4,508$3,902$3,366$2,896$2,486$2,213
15 years$4,164$3,564$3,039$2,583$2,189$1,929
16 years$3,863$3,270$2,756$2,313$1,934$1,688
17 years$3,598$3,012$2,507$2,078$1,715$1,482
18 years$3,363$2,783$2,289$1,873$1,525$1,304
19 years$3,153$2,579$2,095$1,692$1,359$1,150
20 years$2,964$2,397$1,923$1,533$1,214$1,016
21 years$2,793$2,232$1,769$1,391$1,086$899
22 years$2,638$2,084$1,630$1,265$974$797
23 years$2,496$1,949$1,505$1,152$874$708
24 years$2,367$1,826$1,392$1,050$786$629
25 years$2,248$1,714$1,289$959$707$560
26 years$2,139$1,611$1,196$877$637$498
27 years$2,037$1,516$1,110$803$574$444
28 years$1,943$1,428$1,032$736$518$396
29 years$1,856$1,347$961$675$468$353
30 years$1,775$1,272$895$619$423$315
31 years$1,699$1,203$834$569$382$282
32 years$1,628$1,138$778$523$346$252
33 years$1,562$1,078$727$481$313$225
34 years$1,499$1,022$679$442$283$201
35 years$1,440$969$635$407$257$180
36 years$1,385$920$594$375$232$161
37 years$1,333$874$556$345$211$144
38 years$1,283$830$521$318$191$129
39 years$1,236$789$488$294$173$116
40 years$1,192$751$457$271$157$103
41 years$1,150$715$429$250$143$93
42 years$1,110$681$402$231$129$83
43 years$1,072$649$377$213$117$74
44 years$1,036$618$354$196$107$67
45 years$1,002$590$333$181$97$60
46 years$969$563$312$168$88$54
47 years$937$537$293$155$80$48
48 years$907$512$276$143$72$43
49 years$879$489$259$132$66$39
50 years$851$467$244$122$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $872,000, adding $2,824 every year, while hoping to spend $44,710 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: 34/43/23 Blend
64$872,000$872,000$872,000$872,000
65$963,857$917,641$904,125$989,788
66$1,014,599$915,034$886,842$1,006,720
67$1,069,019$910,801$867,482$1,020,694
68$1,127,443$904,815$845,927$1,034,858
69$1,190,233$896,942$822,056$1,049,260
70$1,257,783$887,038$795,741$1,063,951
71$1,330,526$874,952$766,847$1,078,994
72$1,408,939$860,524$735,236$1,094,463
73$1,493,545$843,584$700,761$1,110,442
74$1,584,919$823,952$663,269$1,127,029
75$1,683,693$801,438$622,601$1,144,337
76$1,790,561$775,840$578,589$1,162,495
77$1,906,287$746,944$531,060$1,181,653
78$2,031,708$714,524$479,831$1,201,979
79$2,167,748$678,342$424,711$1,223,665
80$2,315,422$638,144$365,502$1,246,932
81$2,475,845$593,664$301,997$1,272,026
82$2,650,245$544,617$233,978$1,299,230
83$2,839,973$490,706$161,219$1,328,861
84$3,046,514$431,615$83,483$1,361,276
85$3,271,504$367,009$525$1,396,880
86$3,516,741$296,536$0$1,436,127
87$3,784,206$219,824$0$1,501,124
88$4,076,079$136,479$0$1,572,387
89$4,394,758$46,085$0$1,650,499
90$4,742,884$0$0$1,736,251
91$5,123,364$0$0$1,855,030
92$5,539,400$0$0$2,008,876
93$5,994,515$0$0$2,177,300
94$6,492,590$0$0$2,361,754
95$7,037,897$0$0$2,563,836
96$7,635,142$0$0$2,785,309
97$8,289,507$0$0$3,028,110
98$9,006,698$0$0$3,294,377
99$9,792,999$0$0$3,586,460
100$10,655,334$0$0$3,906,952