Can I retire at age 65 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$73,000$72,350$71,715$71,096$70,491$69,267
2 years$36,139$35,466$34,813$34,181$33,567$32,337
3 years$23,853$23,177$22,526$21,900$21,296$20,100
4 years$17,712$17,038$16,393$15,778$15,189$14,034
5 years$14,028$13,358$12,722$12,119$11,546$10,437
6 years$11,572$10,908$10,281$9,691$9,136$8,074
7 years$9,819$9,160$8,544$7,968$7,430$6,415
8 years$8,505$7,852$7,246$6,684$6,164$5,196
9 years$7,484$6,837$6,241$5,693$5,191$4,270
10 years$6,667$6,026$5,441$4,908$4,423$3,547
11 years$5,999$5,365$4,790$4,271$3,804$2,973
12 years$5,443$4,815$4,251$3,746$3,296$2,509
13 years$4,973$4,351$3,798$3,308$2,875$2,129
14 years$4,570$3,955$3,413$2,936$2,520$1,816
15 years$4,221$3,613$3,081$2,618$2,219$1,554
16 years$3,916$3,315$2,793$2,345$1,961$1,335
17 years$3,648$3,053$2,542$2,107$1,739$1,149
18 years$3,409$2,821$2,320$1,898$1,546$992
19 years$3,196$2,615$2,124$1,715$1,378$858
20 years$3,004$2,430$1,950$1,554$1,231$743
21 years$2,831$2,263$1,793$1,410$1,101$645
22 years$2,674$2,113$1,653$1,282$987$560
23 years$2,531$1,976$1,526$1,168$886$487
24 years$2,400$1,851$1,411$1,065$797$424
25 years$2,279$1,737$1,307$973$717$369
26 years$2,168$1,633$1,212$889$646$322
27 years$2,065$1,537$1,126$814$582$281
28 years$1,970$1,448$1,047$746$525$245
29 years$1,882$1,366$974$684$474$214
30 years$1,799$1,290$907$628$429$187
31 years$1,723$1,219$846$576$387$163
32 years$1,651$1,154$789$530$350$142
33 years$1,583$1,093$737$487$317$125
34 years$1,520$1,036$688$448$287$109
35 years$1,460$982$644$413$260$95
36 years$1,404$932$602$380$236$83
37 years$1,351$886$563$350$214$73
38 years$1,301$842$528$323$194$64
39 years$1,253$800$494$298$176$56
40 years$1,209$761$463$274$159$49
41 years$1,166$725$435$253$144$43
42 years$1,125$690$408$234$131$37
43 years$1,087$658$382$216$119$33
44 years$1,050$627$359$199$108$29
45 years$1,015$598$337$184$98$25
46 years$982$570$317$170$89$22
47 years$950$544$297$157$81$19
48 years$920$520$280$145$73$17
49 years$891$496$263$134$67$15
50 years$863$474$247$124$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $884,000, adding $6,093 every year, while hoping to spend $28,880 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: 58/33/9 Blend
64$884,000$884,000$884,000$884,000
65$980,453$933,601$919,899$1,034,923
66$1,049,731$948,619$919,987$1,087,310
67$1,125,108$963,406$919,111$1,140,600
68$1,207,174$977,918$917,207$1,197,979
69$1,296,582$992,112$914,209$1,259,840
70$1,394,046$1,005,938$910,048$1,326,618
71$1,500,356$1,019,347$904,652$1,398,793
72$1,616,380$1,032,282$897,946$1,476,893
73$1,743,072$1,044,686$889,848$1,561,501
74$1,881,484$1,056,494$880,277$1,653,260
75$2,032,774$1,067,640$869,144$1,752,879
76$2,198,216$1,078,053$856,359$1,861,138
77$2,379,212$1,087,657$841,826$1,978,900
78$2,577,309$1,096,369$825,444$2,107,115
79$2,794,208$1,104,104$807,110$2,246,830
80$3,031,781$1,110,770$786,712$2,399,201
81$3,292,093$1,116,268$764,137$2,565,502
82$3,577,415$1,120,493$739,265$2,747,139
83$3,890,251$1,123,337$711,969$2,945,661
84$4,233,355$1,124,679$682,119$3,162,776
85$4,609,765$1,124,396$649,578$3,400,370
86$5,022,824$1,122,354$614,201$3,660,520
87$5,476,215$1,118,412$575,840$3,945,517
88$5,973,995$1,112,421$534,337$4,257,889
89$6,520,634$1,104,220$489,528$4,600,423
90$7,121,054$1,093,643$441,243$4,976,189
91$7,780,680$1,080,510$389,303$5,388,578
92$8,505,486$1,064,632$333,522$5,841,325
93$9,302,055$1,045,807$273,703$6,338,549
94$10,177,637$1,023,825$209,645$6,884,793
95$11,140,221$998,458$141,134$7,485,065
96$12,198,611$969,469$67,948$8,144,889
97$13,362,501$936,605$0$8,870,354
98$14,642,577$899,599$0$9,669,148
99$16,050,609$858,169$0$10,554,725
100$17,599,567$812,015$0$11,528,740