Can I retire at age 65 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,908$73,250$72,608$71,981$71,369$70,535
2 years$36,588$35,907$35,246$34,606$33,985$33,146
3 years$24,150$23,466$22,807$22,172$21,561$20,743
4 years$17,932$17,250$16,597$15,974$15,378$14,587
5 years$14,202$13,524$12,880$12,270$11,690$10,928
6 years$11,716$11,043$10,409$9,812$9,250$8,518
7 years$9,942$9,274$8,650$8,067$7,523$6,821
8 years$8,611$7,950$7,336$6,767$6,241$5,570
9 years$7,577$6,922$6,318$5,764$5,256$4,615
10 years$6,750$6,101$5,509$4,969$4,478$3,867
11 years$6,074$5,431$4,850$4,324$3,851$3,269
12 years$5,511$4,875$4,304$3,793$3,337$2,784
13 years$5,035$4,406$3,845$3,349$2,910$2,384
14 years$4,627$4,004$3,455$2,973$2,551$2,052
15 years$4,274$3,658$3,119$2,651$2,246$1,774
16 years$3,965$3,356$2,828$2,374$1,985$1,538
17 years$3,693$3,091$2,574$2,133$1,760$1,338
18 years$3,452$2,856$2,349$1,922$1,565$1,166
19 years$3,236$2,647$2,151$1,737$1,395$1,019
20 years$3,042$2,460$1,974$1,573$1,246$892
21 years$2,867$2,291$1,816$1,428$1,115$782
22 years$2,707$2,139$1,673$1,298$1,000$687
23 years$2,562$2,000$1,545$1,182$897$603
24 years$2,429$1,874$1,429$1,078$806$531
25 years$2,307$1,759$1,323$985$726$468
26 years$2,195$1,653$1,227$900$654$412
27 years$2,091$1,556$1,140$824$589$363
28 years$1,995$1,466$1,060$755$532$321
29 years$1,905$1,383$986$692$480$283
30 years$1,822$1,306$918$635$434$250
31 years$1,744$1,235$856$584$392$221
32 years$1,671$1,168$799$536$355$195
33 years$1,603$1,106$746$493$321$173
34 years$1,539$1,049$697$454$291$153
35 years$1,478$995$652$418$263$135
36 years$1,421$944$610$385$239$120
37 years$1,368$897$571$354$216$106
38 years$1,317$852$534$327$196$94
39 years$1,269$810$501$301$178$83
40 years$1,224$771$469$278$161$74
41 years$1,180$734$440$256$146$65
42 years$1,139$699$413$237$133$58
43 years$1,100$666$387$218$120$51
44 years$1,063$635$363$202$109$45
45 years$1,028$605$341$186$99$40
46 years$994$577$321$172$90$36
47 years$962$551$301$159$82$32
48 years$931$526$283$147$74$28
49 years$902$502$266$136$68$25
50 years$874$480$250$125$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $895,000, adding $5,969 every year, while hoping to spend $56,204 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: 60/22/18 Blend
64$895,000$895,000$895,000$895,000
65$992,447$945,012$931,140$1,047,035
66$1,033,876$931,517$902,532$1,071,137
67$1,077,647$915,477$871,083$1,090,673
68$1,123,940$896,708$836,636$1,110,694
69$1,172,950$875,015$799,032$1,131,254
70$1,224,892$850,192$758,101$1,152,416
71$1,279,999$822,019$713,665$1,174,252
72$1,338,528$790,267$665,542$1,196,842
73$1,400,757$754,690$613,537$1,220,281
74$1,466,994$715,029$557,450$1,244,672
75$1,537,572$671,011$497,070$1,270,135
76$1,612,859$622,345$432,176$1,296,807
77$1,693,257$568,726$362,541$1,324,837
78$1,779,206$509,830$287,922$1,354,400
79$1,871,189$445,316$208,071$1,385,689
80$1,969,734$374,820$122,726$1,418,922
81$2,075,424$297,963$31,614$1,454,344
82$2,188,894$214,340$0$1,492,230
83$2,310,844$123,526$0$1,545,493
84$2,442,042$25,070$0$1,609,175
85$2,583,329$0$0$1,677,644
86$2,735,632$0$0$1,771,127
87$2,899,968$0$0$1,878,599
88$3,077,453$0$0$1,994,728
89$3,269,314$0$0$2,120,324
90$3,476,901$0$0$2,256,278
91$3,701,697$0$0$2,403,569
92$3,945,331$0$0$2,563,275
93$4,209,597$0$0$2,736,578
94$4,496,466$0$0$2,924,781
95$4,808,107$0$0$3,129,317
96$5,146,905$0$0$3,351,762
97$5,515,484$0$0$3,593,848
98$5,916,731$0$0$3,857,483
99$6,353,824$0$0$4,144,767
100$6,830,257$0$0$4,458,009