Can I retire at age 65 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$73,495$72,841$72,202$71,579$70,970$70,611
2 years$36,384$35,706$35,050$34,413$33,795$33,433
3 years$24,015$23,334$22,679$22,049$21,441$21,087
4 years$17,832$17,153$16,505$15,885$15,292$14,949
5 years$14,123$13,448$12,808$12,201$11,625$11,293
6 years$11,651$10,982$10,351$9,757$9,198$8,879
7 years$9,886$9,222$8,602$8,022$7,481$7,173
8 years$8,563$7,905$7,295$6,729$6,206$5,911
9 years$7,534$6,883$6,283$5,732$5,226$4,943
10 years$6,712$6,067$5,478$4,941$4,453$4,182
11 years$6,040$5,401$4,823$4,300$3,830$3,571
12 years$5,480$4,848$4,280$3,772$3,319$3,071
13 years$5,006$4,381$3,824$3,330$2,894$2,658
14 years$4,601$3,982$3,436$2,956$2,537$2,312
15 years$4,250$3,638$3,102$2,636$2,234$2,020
16 years$3,943$3,338$2,812$2,360$1,974$1,771
17 years$3,673$3,074$2,559$2,121$1,750$1,557
18 years$3,432$2,840$2,336$1,911$1,556$1,373
19 years$3,218$2,632$2,139$1,727$1,387$1,214
20 years$3,025$2,446$1,963$1,564$1,239$1,075
21 years$2,851$2,278$1,805$1,420$1,109$954
22 years$2,692$2,127$1,664$1,291$994$847
23 years$2,548$1,989$1,536$1,175$892$754
24 years$2,416$1,864$1,421$1,072$802$671
25 years$2,295$1,749$1,316$979$722$599
26 years$2,183$1,644$1,221$895$650$534
27 years$2,079$1,547$1,133$819$586$477
28 years$1,984$1,458$1,054$751$529$427
29 years$1,895$1,375$980$688$477$382
30 years$1,812$1,299$913$632$431$341
31 years$1,734$1,228$851$580$390$306
32 years$1,662$1,162$794$533$353$274
33 years$1,594$1,100$742$490$319$245
34 years$1,530$1,043$693$451$289$220
35 years$1,470$989$648$415$262$197
36 years$1,414$939$606$383$237$177
37 years$1,360$892$567$352$215$159
38 years$1,310$847$531$325$195$143
39 years$1,262$806$498$300$177$128
40 years$1,217$767$467$276$160$115
41 years$1,174$730$437$255$145$103
42 years$1,133$695$410$235$132$93
43 years$1,094$662$385$217$120$83
44 years$1,057$631$361$201$109$75
45 years$1,022$602$339$185$99$67
46 years$989$574$319$171$90$60
47 years$957$548$299$158$81$54
48 years$926$523$281$146$74$49
49 years$897$499$265$135$67$44
50 years$869$477$249$125$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $890,000, adding $5,769 every year, while hoping to spend $51,539 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: 38/46/16 Blend
64$890,000$890,000$890,000$890,000
65$986,731$939,561$925,766$1,019,267
66$1,032,540$930,762$901,942$1,034,317
67$1,081,295$919,805$875,592$1,045,204
68$1,133,241$906,529$846,578$1,055,872
69$1,188,647$890,765$814,755$1,066,327
70$1,247,809$872,332$779,969$1,076,582
71$1,311,050$851,041$742,063$1,086,653
72$1,378,725$826,690$700,869$1,096,564
73$1,451,221$799,064$656,215$1,106,347
74$1,528,966$767,939$607,919$1,116,042
75$1,612,428$733,075$555,791$1,125,696
76$1,702,119$694,219$499,633$1,135,371
77$1,798,602$651,103$439,238$1,145,140
78$1,902,498$603,445$374,391$1,155,089
79$2,014,485$550,946$304,865$1,165,322
80$2,135,309$493,289$230,425$1,175,960
81$2,265,790$430,140$150,824$1,187,143
82$2,406,831$361,147$65,806$1,199,038
83$2,559,420$285,935$0$1,211,834
84$2,724,646$204,112$0$1,230,006
85$2,903,707$115,260$0$1,261,817
86$3,097,919$18,941$0$1,296,360
87$3,308,727$0$0$1,334,016
88$3,537,726$0$0$1,418,398
89$3,786,664$0$0$1,520,657
90$4,057,469$0$0$1,632,011
91$4,352,260$0$0$1,753,344
92$4,673,369$0$0$1,885,631
93$5,023,363$0$0$2,029,946
94$5,405,065$0$0$2,187,468
95$5,821,584$0$0$2,359,497
96$6,276,341$0$0$2,547,463
97$6,773,105$0$0$2,752,942
98$7,316,020$0$0$2,977,667
99$7,909,652$0$0$3,223,548
100$8,559,028$0$0$3,492,686