Can I retire at age 65 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$72,504$71,859$71,228$70,613$70,013$68,967
2 years$35,893$35,225$34,577$33,949$33,340$32,288
3 years$23,691$23,020$22,374$21,751$21,152$20,127
4 years$17,591$16,922$16,282$15,671$15,086$14,096
5 years$13,932$13,267$12,636$12,037$11,468$10,517
6 years$11,494$10,834$10,212$9,626$9,074$8,162
7 years$9,753$9,098$8,486$7,914$7,380$6,507
8 years$8,447$7,799$7,197$6,639$6,122$5,289
9 years$7,433$6,790$6,198$5,655$5,156$4,361
10 years$6,622$5,985$5,404$4,874$4,393$3,637
11 years$5,958$5,328$4,758$4,242$3,778$3,059
12 years$5,406$4,782$4,222$3,721$3,274$2,592
13 years$4,939$4,322$3,772$3,285$2,855$2,208
14 years$4,539$3,928$3,389$2,916$2,503$1,891
15 years$4,193$3,589$3,060$2,601$2,204$1,625
16 years$3,890$3,293$2,775$2,329$1,948$1,402
17 years$3,623$3,032$2,525$2,092$1,727$1,212
18 years$3,386$2,802$2,305$1,886$1,535$1,051
19 years$3,174$2,597$2,110$1,704$1,369$913
20 years$2,984$2,413$1,936$1,543$1,222$794
21 years$2,812$2,248$1,781$1,400$1,094$692
22 years$2,656$2,098$1,642$1,273$981$604
23 years$2,514$1,962$1,516$1,160$880$528
24 years$2,383$1,839$1,402$1,058$791$461
25 years$2,264$1,725$1,298$966$712$404
26 years$2,153$1,622$1,204$883$641$354
27 years$2,051$1,526$1,118$808$578$310
28 years$1,957$1,438$1,039$741$522$272
29 years$1,869$1,357$967$679$471$238
30 years$1,787$1,281$901$623$426$209
31 years$1,711$1,211$840$572$385$184
32 years$1,639$1,146$784$526$348$161
33 years$1,572$1,085$732$484$315$142
34 years$1,509$1,029$684$445$285$124
35 years$1,450$976$639$410$258$109
36 years$1,394$926$598$377$234$96
37 years$1,342$880$560$348$212$85
38 years$1,292$836$524$321$192$74
39 years$1,245$795$491$296$174$65
40 years$1,200$756$460$273$158$58
41 years$1,158$720$432$251$144$51
42 years$1,118$686$405$232$130$44
43 years$1,080$653$380$214$118$39
44 years$1,043$623$357$198$107$34
45 years$1,009$594$335$183$97$30
46 years$975$566$314$169$88$27
47 years$944$541$295$156$80$23
48 years$914$516$278$144$73$21
49 years$885$493$261$133$66$18
50 years$857$471$245$123$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $878,000, adding $4,470 every year, while hoping to spend $56,639 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: 41/35/24 Blend
64$878,000$878,000$878,000$878,000
65$972,167$925,633$912,024$1,005,000
66$1,011,064$910,725$882,313$1,014,079
67$1,052,031$893,189$849,709$1,018,190
68$1,095,218$872,836$814,054$1,021,518
69$1,140,791$849,465$775,185$1,024,022
70$1,188,929$822,866$732,931$1,025,665
71$1,239,828$792,814$687,112$1,026,407
72$1,293,701$759,073$637,542$1,026,214
73$1,350,783$721,392$584,024$1,025,049
74$1,411,329$679,507$526,355$1,022,880
75$1,475,618$633,136$464,321$1,019,678
76$1,543,955$581,983$397,700$1,015,417
77$1,616,674$525,736$326,258$1,010,074
78$1,694,139$464,062$249,753$1,003,634
79$1,776,753$396,612$167,930$996,085
80$1,864,951$323,016$80,526$987,425
81$1,959,216$242,883$0$977,658
82$2,060,073$155,801$0$970,065
83$2,168,099$61,334$0$983,626
84$2,283,927$0$0$997,813
85$2,408,253$0$0$1,028,545
86$2,541,838$0$0$1,087,026
87$2,685,519$0$0$1,150,009
88$2,840,214$0$0$1,217,907
89$3,006,932$0$0$1,291,175
90$3,186,782$0$0$1,370,311
91$3,380,980$0$0$1,455,863
92$3,590,865$0$0$1,548,434
93$3,817,906$0$0$1,648,685
94$4,063,720$0$0$1,757,345
95$4,330,083$0$0$1,875,213
96$4,618,949$0$0$2,003,170
97$4,932,466$0$0$2,142,185
98$5,272,997$0$0$2,293,322
99$5,643,140$0$0$2,457,753
100$6,045,756$0$0$2,636,767