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%14.7%
1 years$73,330$72,677$72,040$71,418$70,810$69,437
2 years$36,302$35,626$34,971$34,335$33,719$32,342
3 years$23,961$23,282$22,628$21,999$21,393$20,054
4 years$17,792$17,115$16,468$15,849$15,258$13,967
5 years$14,091$13,418$12,780$12,174$11,599$10,360
6 years$11,625$10,957$10,328$9,735$9,178$7,993
7 years$9,864$9,202$8,582$8,004$7,464$6,333
8 years$8,544$7,887$7,279$6,714$6,192$5,114
9 years$7,517$6,867$6,269$5,719$5,215$4,190
10 years$6,697$6,053$5,466$4,930$4,443$3,470
11 years$6,026$5,389$4,812$4,291$3,821$2,899
12 years$5,467$4,837$4,270$3,763$3,311$2,439
13 years$4,995$4,371$3,815$3,322$2,888$2,063
14 years$4,591$3,973$3,428$2,949$2,531$1,753
15 years$4,240$3,630$3,095$2,630$2,229$1,496
16 years$3,934$3,330$2,806$2,355$1,970$1,280
17 years$3,664$3,067$2,553$2,116$1,746$1,098
18 years$3,425$2,834$2,331$1,907$1,553$945
19 years$3,211$2,626$2,134$1,723$1,384$814
20 years$3,018$2,441$1,958$1,561$1,236$702
21 years$2,844$2,273$1,801$1,416$1,106$607
22 years$2,686$2,122$1,660$1,288$992$525
23 years$2,542$1,985$1,533$1,173$890$455
24 years$2,410$1,860$1,418$1,070$800$394
25 years$2,289$1,745$1,313$977$720$342
26 years$2,178$1,640$1,218$893$649$297
27 years$2,075$1,544$1,131$818$585$258
28 years$1,979$1,454$1,051$749$528$224
29 years$1,890$1,372$978$687$476$195
30 years$1,808$1,296$911$630$430$169
31 years$1,730$1,225$850$579$389$147
32 years$1,658$1,159$793$532$352$128
33 years$1,590$1,098$740$489$319$112
34 years$1,527$1,040$691$450$288$97
35 years$1,467$987$646$414$261$85
36 years$1,410$937$605$382$237$74
37 years$1,357$890$566$352$215$64
38 years$1,307$845$530$324$195$56
39 years$1,259$804$497$299$176$49
40 years$1,214$765$465$276$160$42
41 years$1,171$728$436$254$145$37
42 years$1,131$693$409$235$132$32
43 years$1,092$661$384$217$120$28
44 years$1,055$630$361$200$108$24
45 years$1,020$600$339$185$98$21
46 years$987$573$318$171$89$19
47 years$955$547$299$158$81$16
48 years$924$522$281$146$74$14
49 years$895$498$264$135$67$12
50 years$867$476$248$124$61$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $888,000, adding $3,863 every year, while hoping to spend $44,038 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: 44/35/21 Blend
64$888,000$888,000$888,000$888,000
65$982,561$935,497$921,733$1,019,665
66$1,035,926$934,480$905,755$1,045,211
67$1,093,258$931,937$887,765$1,068,274
68$1,154,916$927,748$867,651$1,092,372
69$1,221,292$921,783$845,292$1,117,622
70$1,292,819$913,905$820,565$1,144,157
71$1,369,971$903,971$793,338$1,172,126
72$1,453,269$891,826$763,476$1,201,694
73$1,543,285$877,308$730,835$1,233,050
74$1,640,650$860,245$695,267$1,266,402
75$1,746,053$840,455$656,616$1,301,986
76$1,860,257$817,743$614,719$1,340,064
77$1,984,097$791,906$569,405$1,380,930
78$2,118,492$762,727$520,498$1,424,911
79$2,264,455$729,977$467,811$1,472,374
80$2,423,096$693,413$411,150$1,523,727
81$2,595,641$652,779$350,312$1,579,425
82$2,783,434$607,804$285,086$1,639,976
83$2,987,959$558,200$215,250$1,705,944
84$3,210,844$503,666$140,575$1,777,960
85$3,453,884$443,879$60,818$1,856,723
86$3,719,054$378,503$0$1,943,012
87$4,008,527$307,179$0$2,043,137
88$4,324,694$229,528$0$2,167,512
89$4,670,191$145,153$0$2,303,626
90$5,047,916$53,631$0$2,452,729
91$5,461,062$0$0$2,616,207
92$5,913,145$0$0$2,813,106
93$6,408,034$0$0$3,051,365
94$6,949,991$0$0$3,312,393
95$7,543,711$0$0$3,598,464
96$8,194,363$0$0$3,912,083
97$8,907,638$0$0$4,256,008
98$9,689,807$0$0$4,633,277
99$10,547,775$0$0$5,047,238
100$11,489,149$0$0$5,501,575