Can I retire at age 65 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$64,577$64,002$63,440$62,893$62,358$61,174
2 years$31,969$31,373$30,796$30,237$29,694$28,506
3 years$21,101$20,503$19,927$19,373$18,839$17,684
4 years$15,668$15,072$14,502$13,957$13,436$12,323
5 years$12,409$11,816$11,254$10,720$10,214$9,145
6 years$10,237$9,649$9,095$8,573$8,082$7,059
7 years$8,686$8,103$7,558$7,049$6,573$5,596
8 years$7,524$6,946$6,410$5,913$5,453$4,522
9 years$6,620$6,048$5,521$5,036$4,592$3,707
10 years$5,898$5,331$4,813$4,341$3,913$3,072
11 years$5,307$4,746$4,237$3,778$3,365$2,568
12 years$4,815$4,259$3,761$3,314$2,916$2,162
13 years$4,399$3,849$3,360$2,926$2,543$1,830
14 years$4,043$3,499$3,019$2,597$2,229$1,556
15 years$3,734$3,196$2,726$2,316$1,963$1,329
16 years$3,465$2,933$2,471$2,074$1,735$1,138
17 years$3,227$2,701$2,249$1,863$1,538$977
18 years$3,016$2,496$2,053$1,679$1,368$841
19 years$2,827$2,313$1,879$1,517$1,219$725
20 years$2,658$2,149$1,725$1,374$1,089$626
21 years$2,505$2,002$1,586$1,247$974$542
22 years$2,366$1,869$1,462$1,134$873$469
23 years$2,239$1,748$1,350$1,033$784$406
24 years$2,123$1,638$1,248$942$705$353
25 years$2,016$1,537$1,156$860$634$306
26 years$1,918$1,444$1,072$787$571$266
27 years$1,827$1,359$996$720$515$231
28 years$1,743$1,281$926$660$465$201
29 years$1,665$1,208$861$605$420$175
30 years$1,592$1,141$802$555$379$152
31 years$1,524$1,079$748$510$343$133
32 years$1,460$1,021$698$469$310$116
33 years$1,400$967$652$431$281$101
34 years$1,344$916$609$396$254$88
35 years$1,292$869$569$365$230$76
36 years$1,242$825$533$336$208$67
37 years$1,195$783$498$310$189$58
38 years$1,151$744$467$285$171$51
39 years$1,109$708$437$263$155$44
40 years$1,069$674$410$243$141$38
41 years$1,031$641$384$224$128$34
42 years$996$611$361$207$116$29
43 years$962$582$338$191$105$26
44 years$929$555$318$176$96$22
45 years$898$529$298$163$87$19
46 years$869$504$280$150$79$17
47 years$841$481$263$139$72$15
48 years$814$460$247$128$65$13
49 years$788$439$232$119$59$11
50 years$764$419$219$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $782,000, adding $6,254 every year, while hoping to spend $58,773 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: 61/32/7 Blend
64$782,000$782,000$782,000$782,000
65$868,215$826,769$814,648$919,579
66$894,239$804,747$779,405$932,667
67$920,947$779,675$741,011$939,585
68$948,348$751,344$699,299$945,640
69$976,448$719,528$654,094$950,747
70$1,005,253$683,991$605,213$954,818
71$1,034,765$644,484$552,464$957,758
72$1,064,987$600,740$495,648$959,464
73$1,095,919$552,479$434,555$959,828
74$1,127,559$499,407$368,969$958,733
75$1,159,902$441,210$298,661$956,055
76$1,192,940$377,556$223,394$951,660
77$1,226,661$308,098$142,919$945,406
78$1,261,051$232,466$56,978$937,141
79$1,296,091$150,269$0$926,700
80$1,331,757$61,097$0$916,506
81$1,368,021$0$0$908,486
82$1,404,846$0$0$910,698
83$1,442,192$0$0$934,743
84$1,480,010$0$0$959,071
85$1,518,243$0$0$983,644
86$1,556,825$0$0$1,008,415
87$1,595,680$0$0$1,033,333
88$1,634,719$0$0$1,058,338
89$1,673,844$0$0$1,083,361
90$1,712,939$0$0$1,108,324
91$1,751,875$0$0$1,133,138
92$1,790,505$0$0$1,157,704
93$1,828,664$0$0$1,181,909
94$1,866,164$0$0$1,205,626
95$1,902,795$0$0$1,228,712
96$1,938,321$0$0$1,251,005
97$1,972,475$0$0$1,272,327
98$2,004,961$0$0$1,292,476
99$2,035,446$0$0$1,311,227
100$2,063,559$0$0$1,328,329