Can I retire at age 65 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$73,165$72,513$71,877$71,257$70,651$68,665
2 years$36,220$35,546$34,892$34,258$33,643$31,657
3 years$23,907$23,230$22,577$21,950$21,345$19,421
4 years$17,752$17,076$16,431$15,813$15,223$13,377
5 years$14,059$13,388$12,751$12,146$11,572$9,808
6 years$11,599$10,932$10,305$9,713$9,157$7,477
7 years$9,842$9,181$8,563$7,986$7,447$5,851
8 years$8,524$7,870$7,262$6,699$6,178$4,665
9 years$7,501$6,852$6,255$5,706$5,203$3,771
10 years$6,682$6,040$5,453$4,919$4,433$3,081
11 years$6,013$5,377$4,801$4,281$3,813$2,538
12 years$5,455$4,826$4,261$3,755$3,304$2,105
13 years$4,984$4,361$3,807$3,315$2,881$1,755
14 years$4,580$3,964$3,420$2,943$2,526$1,469
15 years$4,231$3,621$3,088$2,624$2,224$1,234
16 years$3,925$3,323$2,800$2,350$1,965$1,040
17 years$3,656$3,060$2,548$2,111$1,743$878
18 years$3,417$2,828$2,326$1,903$1,549$743
19 years$3,203$2,621$2,129$1,719$1,381$630
20 years$3,011$2,435$1,954$1,557$1,234$534
21 years$2,838$2,268$1,797$1,413$1,104$454
22 years$2,680$2,117$1,656$1,285$989$386
23 years$2,536$1,980$1,529$1,170$888$329
24 years$2,405$1,855$1,414$1,067$798$280
25 years$2,284$1,741$1,310$975$718$239
26 years$2,173$1,636$1,215$891$647$204
27 years$2,070$1,540$1,128$816$583$174
28 years$1,975$1,451$1,049$747$526$148
29 years$1,886$1,369$976$685$475$127
30 years$1,804$1,293$909$629$430$108
31 years$1,726$1,222$848$578$388$92
32 years$1,654$1,156$791$531$351$79
33 years$1,587$1,095$738$488$318$67
34 years$1,523$1,038$690$449$288$58
35 years$1,463$985$645$414$261$49
36 years$1,407$934$603$381$236$42
37 years$1,354$888$565$351$214$36
38 years$1,304$843$529$323$194$31
39 years$1,256$802$496$298$176$26
40 years$1,211$763$464$275$160$23
41 years$1,169$726$435$254$145$19
42 years$1,128$692$409$234$131$16
43 years$1,089$659$383$216$119$14
44 years$1,053$628$360$200$108$12
45 years$1,018$599$338$184$98$10
46 years$984$572$317$170$89$9
47 years$952$545$298$157$81$8
48 years$922$521$280$145$74$6
49 years$893$497$263$134$67$6
50 years$865$475$248$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $886,000, adding $4,423 every year, while hoping to spend $40,403 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: 27/44/29 Blend
64$886,000$886,000$886,000$886,000
65$980,934$933,976$920,243$998,496
66$1,038,001$936,753$908,083$1,015,909
67$1,099,535$938,311$894,161$1,030,844
68$1,165,948$938,549$878,376$1,046,065
69$1,237,694$937,357$860,622$1,061,626
70$1,315,273$934,622$840,786$1,077,589
71$1,399,231$930,219$818,753$1,094,024
72$1,490,172$924,019$794,401$1,111,015
73$1,588,758$915,884$767,601$1,128,657
74$1,695,717$905,668$738,222$1,147,060
75$1,811,850$893,216$706,122$1,166,349
76$1,938,039$878,364$671,158$1,186,666
77$2,075,253$860,937$633,175$1,208,173
78$2,224,558$840,752$592,015$1,231,057
79$2,387,127$817,613$547,512$1,255,525
80$2,564,252$791,314$499,492$1,281,815
81$2,757,353$761,636$447,772$1,310,193
82$2,967,994$728,347$392,163$1,340,963
83$3,197,896$691,203$332,468$1,374,463
84$3,448,954$649,945$268,478$1,411,076
85$3,723,253$604,298$199,978$1,451,231
86$4,023,090$553,974$126,742$1,495,410
87$4,350,992$498,665$48,535$1,544,155
88$4,709,744$438,050$0$1,598,069
89$5,102,408$371,785$0$1,668,638
90$5,532,361$299,510$0$1,762,541
91$6,003,319$220,843$0$1,865,673
92$6,519,374$135,380$0$1,979,066
93$7,085,033$42,697$0$2,103,863
94$7,705,262$0$0$2,241,333
95$8,385,526$0$0$2,420,799
96$9,131,849$0$0$2,640,522
97$9,950,864$0$0$2,881,800
98$10,849,876$0$0$3,146,804
99$11,836,934$0$0$3,437,927
100$12,920,904$0$0$3,757,804