Can I retire at age 65 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$73,330$72,677$72,040$71,418$70,810$69,071
2 years$36,302$35,626$34,971$34,335$33,719$31,977
3 years$23,961$23,282$22,628$21,999$21,393$19,703
4 years$17,792$17,115$16,468$15,849$15,258$13,633
5 years$14,091$13,418$12,780$12,174$11,599$10,044
6 years$11,625$10,957$10,328$9,735$9,178$7,694
7 years$9,864$9,202$8,582$8,004$7,464$6,051
8 years$8,544$7,887$7,279$6,714$6,192$4,850
9 years$7,517$6,867$6,269$5,719$5,215$3,943
10 years$6,697$6,053$5,466$4,930$4,443$3,239
11 years$6,026$5,389$4,812$4,291$3,821$2,684
12 years$5,467$4,837$4,270$3,763$3,311$2,239
13 years$4,995$4,371$3,815$3,322$2,888$1,878
14 years$4,591$3,973$3,428$2,949$2,531$1,582
15 years$4,240$3,630$3,095$2,630$2,229$1,337
16 years$3,934$3,330$2,806$2,355$1,970$1,134
17 years$3,664$3,067$2,553$2,116$1,746$964
18 years$3,425$2,834$2,331$1,907$1,553$821
19 years$3,211$2,626$2,134$1,723$1,384$700
20 years$3,018$2,441$1,958$1,561$1,236$599
21 years$2,844$2,273$1,801$1,416$1,106$512
22 years$2,686$2,122$1,660$1,288$992$439
23 years$2,542$1,985$1,533$1,173$890$376
24 years$2,410$1,860$1,418$1,070$800$323
25 years$2,289$1,745$1,313$977$720$277
26 years$2,178$1,640$1,218$893$649$238
27 years$2,075$1,544$1,131$818$585$205
28 years$1,979$1,454$1,051$749$528$176
29 years$1,890$1,372$978$687$476$151
30 years$1,808$1,296$911$630$430$130
31 years$1,730$1,225$850$579$389$112
32 years$1,658$1,159$793$532$352$97
33 years$1,590$1,098$740$489$319$83
34 years$1,527$1,040$691$450$288$72
35 years$1,467$987$646$414$261$62
36 years$1,410$937$605$382$237$53
37 years$1,357$890$566$352$215$46
38 years$1,307$845$530$324$195$39
39 years$1,259$804$497$299$176$34
40 years$1,214$765$465$276$160$29
41 years$1,171$728$436$254$145$25
42 years$1,131$693$409$235$132$22
43 years$1,092$661$384$217$120$19
44 years$1,055$630$361$200$108$16
45 years$1,020$600$339$185$98$14
46 years$987$573$318$171$89$12
47 years$955$547$299$158$81$10
48 years$924$522$281$146$74$9
49 years$895$498$264$135$67$8
50 years$867$476$248$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $888,000, adding $5,982 every year, while hoping to spend $49,684 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: 56/25/19 Blend
64$888,000$888,000$888,000$888,000
65$984,746$937,682$923,918$1,034,572
66$1,032,327$930,765$902,006$1,062,289
67$1,083,096$921,844$877,695$1,086,632
68$1,137,326$910,769$850,851$1,112,053
69$1,195,315$897,378$821,337$1,138,666
70$1,257,391$881,504$789,006$1,166,601
71$1,323,914$862,967$753,707$1,196,004
72$1,395,279$841,577$715,281$1,227,037
73$1,471,916$817,134$673,562$1,259,880
74$1,554,301$789,423$628,377$1,294,739
75$1,642,956$758,221$579,543$1,331,839
76$1,738,452$723,288$526,872$1,371,435
77$1,841,418$684,373$470,167$1,413,809
78$1,952,545$641,209$409,219$1,459,277
79$2,072,590$593,514$343,813$1,508,190
80$2,202,388$540,990$273,725$1,560,943
81$2,342,854$483,322$198,717$1,617,970
82$2,494,997$420,176$118,546$1,679,758
83$2,659,923$351,201$32,953$1,746,848
84$2,838,850$276,025$0$1,819,842
85$3,033,118$194,255$0$1,911,245
86$3,244,199$105,476$0$2,017,864
87$3,473,714$9,252$0$2,133,893
88$3,723,445$0$0$2,260,313
89$3,995,355$0$0$2,424,308
90$4,291,602$0$0$2,605,826
91$4,614,560$0$0$2,803,788
92$4,966,844$0$0$3,019,805
93$5,351,331$0$0$3,255,652
94$5,771,190$0$0$3,513,282
95$6,229,905$0$0$3,794,845
96$6,731,316$0$0$4,102,709
97$7,279,649$0$0$4,439,479
98$7,879,556$0$0$4,808,027
99$8,536,162$0$0$5,211,511
100$9,255,107$0$0$5,653,412