Can I retire at age 65 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,082$72,431$71,796$71,176$70,571$68,367
2 years$36,179$35,506$34,853$34,219$33,605$31,404
3 years$23,880$23,203$22,552$21,925$21,321$19,192
4 years$17,732$17,057$16,412$15,796$15,206$13,166
5 years$14,043$13,373$12,736$12,132$11,559$9,613
6 years$11,585$10,920$10,293$9,702$9,147$7,296
7 years$9,830$9,171$8,553$7,977$7,439$5,683
8 years$8,515$7,861$7,254$6,692$6,171$4,510
9 years$7,492$6,844$6,248$5,700$5,197$3,628
10 years$6,674$6,033$5,447$4,913$4,428$2,950
11 years$6,006$5,371$4,795$4,276$3,808$2,418
12 years$5,449$4,820$4,256$3,751$3,300$1,994
13 years$4,978$4,356$3,802$3,311$2,878$1,653
14 years$4,575$3,960$3,416$2,939$2,523$1,376
15 years$4,226$3,617$3,085$2,621$2,221$1,150
16 years$3,921$3,319$2,797$2,347$1,963$963
17 years$3,652$3,057$2,545$2,109$1,741$809
18 years$3,413$2,824$2,323$1,901$1,548$680
19 years$3,200$2,618$2,127$1,717$1,379$573
20 years$3,008$2,432$1,952$1,555$1,232$483
21 years$2,834$2,266$1,795$1,412$1,103$408
22 years$2,677$2,115$1,655$1,283$988$345
23 years$2,534$1,978$1,528$1,169$887$292
24 years$2,402$1,853$1,413$1,066$797$247
25 years$2,282$1,739$1,309$974$718$209
26 years$2,170$1,635$1,214$890$646$177
27 years$2,068$1,538$1,127$815$583$150
28 years$1,972$1,450$1,048$747$526$128
29 years$1,884$1,368$975$685$475$108
30 years$1,801$1,291$908$628$429$92
31 years$1,724$1,221$847$577$388$78
32 years$1,652$1,155$790$530$351$66
33 years$1,585$1,094$738$488$318$56
34 years$1,521$1,037$689$449$287$48
35 years$1,462$983$644$413$260$40
36 years$1,406$933$603$380$236$34
37 years$1,353$887$564$351$214$29
38 years$1,302$843$528$323$194$25
39 years$1,255$801$495$298$176$21
40 years$1,210$762$464$275$159$18
41 years$1,167$726$435$253$145$15
42 years$1,127$691$408$234$131$13
43 years$1,088$658$383$216$119$11
44 years$1,052$628$359$199$108$9
45 years$1,017$598$337$184$98$8
46 years$983$571$317$170$89$7
47 years$951$545$298$157$81$6
48 years$921$520$280$145$73$5
49 years$892$497$263$134$67$4
50 years$864$474$247$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $885,000, adding $6,076 every year, while hoping to spend $27,968 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: 40/30/30 Blend
64$885,000$885,000$885,000$885,000
65$981,537$934,632$920,915$1,011,909
66$1,051,896$950,672$922,008$1,050,671
67$1,128,495$966,559$922,200$1,089,557
68$1,211,939$982,259$921,432$1,131,105
69$1,302,898$997,730$919,640$1,175,578
70$1,402,105$1,012,931$916,760$1,223,267
71$1,510,371$1,027,815$912,722$1,274,492
72$1,628,585$1,042,334$907,455$1,329,608
73$1,757,727$1,056,436$900,881$1,389,008
74$1,898,878$1,070,063$892,923$1,453,125
75$2,053,224$1,083,157$883,497$1,522,438
76$2,222,075$1,095,654$872,516$1,597,476
77$2,406,870$1,107,485$859,889$1,678,826
78$2,609,196$1,118,577$845,521$1,767,134
79$2,830,799$1,128,852$829,311$1,863,113
80$3,073,603$1,138,228$811,155$1,967,554
81$3,339,726$1,146,617$790,944$2,081,330
82$3,631,501$1,153,923$768,563$2,205,402
83$3,951,497$1,160,049$743,893$2,340,836
84$4,302,544$1,164,886$716,808$2,488,807
85$4,687,761$1,168,322$687,178$2,650,612
86$5,110,579$1,170,237$654,866$2,827,685
87$5,574,782$1,170,502$619,727$3,021,609
88$6,084,536$1,168,983$581,614$3,234,131
89$6,644,430$1,165,535$540,370$3,467,181
90$7,259,521$1,160,005$495,831$3,722,889
91$7,935,377$1,152,230$447,827$4,003,605
92$8,678,136$1,142,040$396,179$4,311,926
93$9,494,556$1,129,250$340,702$4,650,716
94$10,392,086$1,113,668$281,200$5,023,137
95$11,378,930$1,095,089$217,471$5,432,679
96$12,464,128$1,073,295$149,304$5,883,191
97$13,657,639$1,048,057$76,475$6,378,924
98$14,970,437$1,019,130$0$6,924,565
99$16,414,611$986,258$0$7,525,689
100$18,003,482$949,165$0$8,213,752