Can I retire at age 65 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$72,257$71,613$70,985$70,372$69,774$68,674
2 years$35,771$35,104$34,459$33,833$33,226$32,121
3 years$23,610$22,941$22,297$21,677$21,080$20,004
4 years$17,531$16,864$16,227$15,617$15,034$13,996
5 years$13,885$13,222$12,593$11,995$11,429$10,431
6 years$11,455$10,797$10,177$9,593$9,043$8,086
7 years$9,719$9,067$8,457$7,887$7,355$6,440
8 years$8,419$7,772$7,172$6,616$6,101$5,228
9 years$7,407$6,767$6,177$5,635$5,138$4,306
10 years$6,599$5,965$5,385$4,858$4,378$3,586
11 years$5,938$5,310$4,741$4,228$3,765$3,013
12 years$5,387$4,766$4,208$3,708$3,263$2,549
13 years$4,922$4,307$3,759$3,274$2,845$2,169
14 years$4,523$3,915$3,378$2,906$2,494$1,855
15 years$4,178$3,576$3,050$2,592$2,196$1,592
16 years$3,877$3,281$2,765$2,321$1,941$1,371
17 years$3,611$3,022$2,516$2,085$1,721$1,184
18 years$3,375$2,792$2,297$1,879$1,530$1,025
19 years$3,164$2,588$2,103$1,698$1,364$889
20 years$2,974$2,405$1,930$1,538$1,218$772
21 years$2,802$2,240$1,775$1,396$1,090$672
22 years$2,647$2,091$1,636$1,269$977$586
23 years$2,505$1,956$1,510$1,156$877$511
24 years$2,375$1,832$1,397$1,054$788$446
25 years$2,256$1,720$1,294$963$709$390
26 years$2,146$1,616$1,200$880$639$341
27 years$2,044$1,521$1,114$806$576$298
28 years$1,950$1,433$1,036$738$520$261
29 years$1,863$1,352$964$677$469$229
30 years$1,781$1,277$898$621$424$200
31 years$1,705$1,207$837$571$383$175
32 years$1,634$1,142$781$524$347$154
33 years$1,567$1,082$729$482$314$135
34 years$1,504$1,025$681$444$284$118
35 years$1,445$972$637$408$257$104
36 years$1,390$923$596$376$233$91
37 years$1,337$877$558$347$211$80
38 years$1,288$833$522$319$192$70
39 years$1,241$792$489$295$174$62
40 years$1,196$754$459$272$158$54
41 years$1,154$717$430$251$143$48
42 years$1,114$683$403$231$130$42
43 years$1,076$651$379$214$118$37
44 years$1,040$620$355$197$107$32
45 years$1,005$592$334$182$97$28
46 years$972$564$313$168$88$25
47 years$941$539$294$155$80$22
48 years$911$514$277$144$73$19
49 years$882$491$260$133$66$17
50 years$854$469$244$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $875,000, adding $6,218 every year, while hoping to spend $35,487 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: 85/6/9 Blend
64$875,000$875,000$875,000$875,000
65$970,664$924,289$910,726$1,051,513
66$1,031,914$931,821$903,478$1,112,778
67$1,098,222$938,533$894,797$1,174,614
68$1,170,066$944,347$884,599$1,241,441
69$1,247,973$949,181$872,793$1,313,740
70$1,332,522$952,945$859,287$1,392,038
71$1,424,347$955,548$843,981$1,476,917
72$1,524,151$956,890$826,775$1,569,015
73$1,632,701$956,865$807,559$1,669,038
74$1,750,846$955,360$786,221$1,777,762
75$1,879,517$952,258$762,645$1,896,041
76$2,019,741$947,431$736,706$2,024,818
77$2,172,645$940,746$708,276$2,165,128
78$2,339,473$932,061$677,222$2,318,116
79$2,521,591$921,224$643,401$2,485,038
80$2,720,506$908,076$606,667$2,667,282
81$2,937,874$892,448$566,867$2,866,375
82$3,175,519$874,161$523,839$3,083,999
83$3,435,451$853,023$477,416$3,322,010
84$3,719,880$828,835$427,423$3,582,450
85$4,031,243$801,383$373,677$3,867,569
86$4,372,221$770,442$315,986$4,179,848
87$4,745,767$735,773$254,151$4,522,020
88$5,155,134$697,124$187,964$4,897,096
89$5,603,903$654,228$117,206$5,308,394
90$6,096,018$606,804$41,650$5,759,571
91$6,635,827$554,551$0$6,254,657
92$7,228,113$497,156$0$6,801,834
93$7,878,148$434,284$0$7,406,763
94$8,591,739$365,584$0$8,070,859
95$9,375,282$290,683$0$8,800,089
96$10,235,822$209,189$0$9,601,027
97$11,181,122$120,685$0$10,480,918
98$12,219,732$24,734$0$11,447,743
99$13,361,072$0$0$12,510,298
100$14,615,518$0$0$13,683,495