Can I retire at age 65 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$72,752$72,104$71,472$70,855$70,252$69,174
2 years$36,016$35,345$34,695$34,065$33,453$32,370
3 years$23,772$23,098$22,450$21,826$21,224$20,169
4 years$17,651$16,980$16,338$15,724$15,137$14,118
5 years$13,980$13,312$12,679$12,078$11,507$10,527
6 years$11,533$10,871$10,246$9,659$9,105$8,166
7 years$9,786$9,129$8,515$7,941$7,405$6,506
8 years$8,476$7,825$7,221$6,661$6,143$5,285
9 years$7,458$6,813$6,220$5,674$5,173$4,356
10 years$6,644$6,006$5,422$4,891$4,408$3,630
11 years$5,979$5,346$4,774$4,257$3,791$3,052
12 years$5,424$4,799$4,237$3,734$3,285$2,584
13 years$4,956$4,337$3,785$3,296$2,865$2,200
14 years$4,554$3,942$3,401$2,926$2,511$1,882
15 years$4,207$3,601$3,071$2,610$2,211$1,617
16 years$3,903$3,304$2,784$2,337$1,954$1,393
17 years$3,635$3,043$2,533$2,099$1,733$1,204
18 years$3,398$2,812$2,313$1,892$1,541$1,043
19 years$3,185$2,606$2,117$1,710$1,373$905
20 years$2,994$2,421$1,943$1,548$1,227$787
21 years$2,822$2,255$1,787$1,405$1,098$686
22 years$2,665$2,105$1,647$1,278$984$598
23 years$2,522$1,969$1,521$1,164$883$522
24 years$2,391$1,845$1,406$1,061$794$456
25 years$2,271$1,731$1,303$969$714$399
26 years$2,161$1,627$1,208$886$643$349
27 years$2,058$1,531$1,122$811$580$305
28 years$1,964$1,443$1,043$743$523$268
29 years$1,875$1,361$971$682$473$235
30 years$1,793$1,286$904$625$427$206
31 years$1,717$1,215$843$574$386$180
32 years$1,645$1,150$786$528$349$158
33 years$1,578$1,089$734$485$316$139
34 years$1,515$1,032$686$447$286$122
35 years$1,455$979$641$411$259$107
36 years$1,399$929$600$379$235$94
37 years$1,346$883$562$349$213$83
38 years$1,296$839$526$322$193$73
39 years$1,249$798$493$297$175$64
40 years$1,204$759$462$274$159$56
41 years$1,162$722$433$252$144$49
42 years$1,122$688$406$233$131$43
43 years$1,083$655$381$215$119$38
44 years$1,047$625$358$199$108$33
45 years$1,012$596$336$183$98$29
46 years$979$568$316$169$89$26
47 years$947$542$296$156$81$23
48 years$917$518$279$145$73$20
49 years$888$494$262$134$66$18
50 years$860$472$246$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $881,000, adding $6,109 every year, while hoping to spend $28,316 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: 51/42/7 Blend
64$881,000$881,000$881,000$881,000
65$977,163$930,470$916,815$1,024,987
66$1,046,706$945,935$917,400$1,073,657
67$1,122,393$961,209$917,056$1,122,970
68$1,204,821$976,253$915,722$1,175,901
69$1,294,647$991,023$913,332$1,232,796
70$1,392,594$1,005,476$909,822$1,294,036
71$1,499,457$1,019,563$905,119$1,360,041
72$1,616,112$1,033,231$899,151$1,431,277
73$1,743,522$1,046,427$891,839$1,508,254
74$1,882,749$1,059,089$883,104$1,591,538
75$2,034,961$1,071,156$872,859$1,681,751
76$2,201,444$1,082,560$861,017$1,779,579
77$2,383,614$1,093,228$847,484$1,885,780
78$2,583,031$1,103,084$832,163$2,001,191
79$2,801,411$1,112,047$814,951$2,126,731
80$3,040,645$1,120,028$795,743$2,263,419
81$3,302,817$1,126,935$774,426$2,412,375
82$3,590,219$1,132,669$750,883$2,574,837
83$3,905,377$1,137,125$724,994$2,752,170
84$4,251,073$1,140,192$696,629$2,945,878
85$4,630,372$1,141,751$665,655$3,157,621
86$5,046,648$1,141,675$631,933$3,389,232
87$5,503,620$1,139,831$595,316$3,642,730
88$6,005,383$1,136,076$555,653$3,920,344
89$6,556,448$1,130,260$512,783$4,224,530
90$7,161,784$1,122,222$466,541$4,557,999
91$7,826,868$1,111,792$416,751$4,923,742
92$8,557,729$1,098,791$363,233$5,325,055
93$9,361,012$1,083,027$305,797$5,765,575
94$10,244,038$1,064,297$244,243$6,249,313
95$11,214,871$1,042,389$178,367$6,780,692
96$12,282,396$1,017,074$107,950$7,364,590
97$13,456,402$988,112$32,768$8,006,386
98$14,747,675$955,250$0$8,712,013
99$16,168,097$918,216$0$9,491,560
100$17,730,761$876,727$0$10,351,536