Can I retire at age 65 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$64,659$64,083$63,522$62,973$62,438$61,277
2 years$32,010$31,413$30,836$30,276$29,732$28,567
3 years$21,128$20,529$19,953$19,398$18,863$17,731
4 years$15,688$15,091$14,520$13,975$13,453$12,361
5 years$12,425$11,832$11,268$10,734$10,227$9,179
6 years$10,250$9,661$9,107$8,584$8,092$7,089
7 years$8,697$8,114$7,568$7,058$6,581$5,623
8 years$7,533$6,955$6,418$5,920$5,460$4,547
9 years$6,629$6,055$5,528$5,043$4,598$3,729
10 years$5,905$5,338$4,819$4,347$3,918$3,093
11 years$5,314$4,752$4,243$3,783$3,369$2,587
12 years$4,821$4,265$3,765$3,318$2,920$2,179
13 years$4,404$3,854$3,364$2,930$2,546$1,846
14 years$4,048$3,503$3,023$2,601$2,232$1,571
15 years$3,739$3,200$2,729$2,319$1,965$1,342
16 years$3,469$2,936$2,474$2,077$1,737$1,150
17 years$3,231$2,704$2,252$1,866$1,540$988
18 years$3,020$2,499$2,055$1,682$1,369$851
19 years$2,831$2,316$1,882$1,519$1,220$734
20 years$2,661$2,152$1,727$1,376$1,090$635
21 years$2,508$2,005$1,588$1,249$976$549
22 years$2,369$1,871$1,464$1,136$874$476
23 years$2,242$1,750$1,352$1,034$785$413
24 years$2,125$1,640$1,250$943$706$359
25 years$2,019$1,539$1,158$861$635$312
26 years$1,920$1,446$1,074$788$572$271
27 years$1,829$1,361$997$721$516$236
28 years$1,745$1,283$927$661$465$205
29 years$1,667$1,210$863$606$420$179
30 years$1,594$1,143$803$556$380$156
31 years$1,526$1,080$749$511$343$136
32 years$1,462$1,022$699$469$310$118
33 years$1,402$968$653$431$281$103
34 years$1,346$917$610$397$254$90
35 years$1,293$870$570$365$230$78
36 years$1,244$826$533$337$209$68
37 years$1,197$784$499$310$189$60
38 years$1,152$745$467$286$172$52
39 years$1,110$709$438$264$156$45
40 years$1,070$674$410$243$141$40
41 years$1,033$642$385$224$128$35
42 years$997$611$361$207$116$30
43 years$963$583$339$191$105$26
44 years$930$555$318$176$96$23
45 years$899$529$299$163$87$20
46 years$870$505$280$150$79$18
47 years$842$482$263$139$72$15
48 years$815$460$248$128$65$13
49 years$789$439$233$119$59$12
50 years$764$420$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 $783,000, adding $2,729 every year, while hoping to spend $43,010 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: 66/21/13 Blend
64$783,000$783,000$783,000$783,000
65$865,681$824,182$812,045$920,058
66$908,218$818,805$793,487$951,299
67$953,653$811,722$772,865$980,132
68$1,002,234$802,806$750,065$1,010,561
69$1,054,238$791,919$724,968$1,042,740
70$1,109,963$778,916$697,447$1,076,838
71$1,169,741$763,645$667,373$1,113,045
72$1,233,933$745,941$634,609$1,151,569
73$1,302,936$725,634$599,010$1,192,642
74$1,377,186$702,541$560,428$1,236,522
75$1,457,163$676,469$518,705$1,283,492
76$1,543,391$647,214$473,680$1,333,870
77$1,636,449$614,560$425,180$1,388,005
78$1,736,972$578,278$373,028$1,446,283
79$1,845,656$538,126$317,038$1,509,135
80$1,963,268$493,850$257,014$1,577,036
81$2,090,652$445,179$192,754$1,650,512
82$2,228,733$391,828$124,047$1,730,145
83$2,378,532$333,495$50,670$1,816,582
84$2,541,167$269,861$0$1,910,535
85$2,717,872$200,590$0$2,016,629
86$2,910,002$125,326$0$2,139,653
87$3,119,049$43,694$0$2,273,574
88$3,346,654$0$0$2,419,497
89$3,594,623$0$0$2,588,975
90$3,864,942$0$0$2,784,782
91$4,159,800$0$0$2,998,411
92$4,481,604$0$0$3,231,611
93$4,833,002$0$0$3,486,310
94$5,216,913$0$0$3,764,628
95$5,636,548$0$0$4,068,900
96$6,095,442$0$0$4,401,697
97$6,597,488$0$0$4,765,848
98$7,146,973$0$0$5,164,471
99$7,748,616$0$0$5,600,998
100$8,407,615$0$0$6,079,207