Can I retire at age 65 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$64,742$64,165$63,603$63,053$62,517$60,084
2 years$32,050$31,454$30,875$30,314$29,770$27,348
3 years$21,155$20,555$19,978$19,423$18,887$16,553
4 years$15,708$15,110$14,539$13,993$13,471$11,241
5 years$12,441$11,847$11,283$10,748$10,240$8,122
6 years$10,263$9,674$9,118$8,595$8,103$6,097
7 years$8,709$8,124$7,577$7,067$6,590$4,695
8 years$7,543$6,964$6,426$5,928$5,467$3,682
9 years$6,637$6,063$5,535$5,049$4,604$2,926
10 years$5,913$5,344$4,825$4,353$3,923$2,349
11 years$5,320$4,758$4,248$3,788$3,374$1,900
12 years$4,827$4,270$3,770$3,323$2,924$1,547
13 years$4,410$3,859$3,368$2,933$2,549$1,265
14 years$4,053$3,508$3,027$2,604$2,235$1,039
15 years$3,744$3,204$2,733$2,322$1,968$855
16 years$3,473$2,940$2,477$2,079$1,739$706
17 years$3,235$2,708$2,254$1,868$1,542$584
18 years$3,024$2,502$2,058$1,684$1,371$484
19 years$2,835$2,319$1,884$1,521$1,222$402
20 years$2,665$2,155$1,729$1,378$1,092$334
21 years$2,511$2,007$1,590$1,250$977$278
22 years$2,372$1,874$1,466$1,137$876$231
23 years$2,244$1,752$1,353$1,035$786$192
24 years$2,128$1,642$1,252$944$706$160
25 years$2,021$1,541$1,159$862$636$134
26 years$1,923$1,448$1,075$789$573$111
27 years$1,832$1,363$998$722$516$93
28 years$1,747$1,284$928$661$466$78
29 years$1,669$1,211$864$606$421$65
30 years$1,596$1,144$805$557$380$54
31 years$1,528$1,082$750$511$344$45
32 years$1,464$1,023$700$470$311$38
33 years$1,404$969$653$432$281$31
34 years$1,348$919$610$397$255$26
35 years$1,295$871$571$366$231$22
36 years$1,245$827$534$337$209$18
37 years$1,198$785$500$311$189$15
38 years$1,154$746$468$286$172$13
39 years$1,112$710$438$264$156$11
40 years$1,072$675$411$243$141$9
41 years$1,034$643$385$225$128$7
42 years$998$612$361$207$116$6
43 years$964$583$339$191$106$5
44 years$932$556$318$177$96$4
45 years$901$530$299$163$87$4
46 years$871$506$281$151$79$3
47 years$843$483$264$139$72$3
48 years$816$461$248$129$65$2
49 years$790$440$233$119$59$2
50 years$765$420$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $784,000, adding $3,808 every year, while hoping to spend $37,758 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: 66/15/19 Blend
64$784,000$784,000$784,000$784,000
65$867,896$826,344$814,192$920,824
66$916,247$826,661$801,293$957,081
67$968,265$825,727$786,697$992,004
68$1,024,283$823,443$770,306$1,029,275
69$1,084,668$819,700$752,020$1,069,124
70$1,149,824$814,385$731,732$1,111,805
71$1,220,193$807,377$709,332$1,157,601
72$1,296,261$798,547$684,704$1,206,821
73$1,378,565$787,761$657,726$1,259,811
74$1,467,691$774,874$628,273$1,316,951
75$1,564,286$759,733$596,211$1,378,659
76$1,669,061$742,178$561,401$1,445,402
77$1,782,798$722,037$523,700$1,517,692
78$1,906,355$699,129$482,956$1,596,097
79$2,040,679$673,262$439,012$1,681,243
80$2,186,811$644,234$391,701$1,773,823
81$2,345,894$611,830$340,851$1,874,602
82$2,519,189$575,824$286,283$1,984,425
83$2,708,081$535,974$227,809$2,104,226
84$2,914,096$492,027$165,231$2,235,036
85$3,138,913$443,716$98,346$2,377,993
86$3,384,380$390,756$26,938$2,534,356
87$3,652,532$332,848$0$2,705,513
88$3,945,608$269,675$0$2,902,986
89$4,266,074$200,903$0$3,124,958
90$4,616,645$126,179$0$3,367,879
91$5,000,310$45,129$0$3,633,866
92$5,420,361$0$0$3,925,251
93$5,880,424$0$0$4,251,641
94$6,384,488$0$0$4,617,460
95$6,936,952$0$0$5,018,456
96$7,542,656$0$0$5,458,148
97$8,206,934$0$0$5,940,416
98$8,935,658$0$0$6,469,529
99$9,735,297$0$0$7,050,191
100$10,612,978$0$0$7,687,586