Can I retire at age 65 with 785,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$64,825$64,247$63,684$63,134$62,597$60,666
2 years$32,091$31,494$30,914$30,353$29,808$27,880
3 years$21,182$20,581$20,004$19,447$18,911$17,046
4 years$15,728$15,130$14,558$14,011$13,488$11,700
5 years$12,457$11,862$11,297$10,762$10,253$8,547
6 years$10,276$9,686$9,130$8,606$8,113$6,490
7 years$8,720$8,134$7,587$7,076$6,598$5,059
8 years$7,553$6,973$6,434$5,936$5,474$4,017
9 years$6,646$6,071$5,542$5,056$4,610$3,234
10 years$5,920$5,351$4,832$4,358$3,928$2,630
11 years$5,327$4,764$4,254$3,793$3,378$2,157
12 years$4,833$4,276$3,775$3,327$2,927$1,781
13 years$4,416$3,864$3,373$2,937$2,553$1,477
14 years$4,058$3,512$3,030$2,607$2,238$1,231
15 years$3,749$3,209$2,736$2,325$1,970$1,029
16 years$3,478$2,944$2,481$2,082$1,741$862
17 years$3,239$2,711$2,257$1,871$1,544$725
18 years$3,027$2,505$2,061$1,686$1,373$610
19 years$2,838$2,322$1,886$1,523$1,224$514
20 years$2,668$2,158$1,731$1,380$1,093$434
21 years$2,514$2,010$1,592$1,252$978$367
22 years$2,375$1,876$1,468$1,138$877$310
23 years$2,247$1,755$1,355$1,037$787$263
24 years$2,131$1,644$1,253$946$707$223
25 years$2,024$1,543$1,161$864$636$189
26 years$1,925$1,450$1,077$790$573$160
27 years$1,834$1,365$1,000$723$517$136
28 years$1,750$1,286$929$662$466$115
29 years$1,671$1,213$865$607$421$98
30 years$1,598$1,146$806$557$381$83
31 years$1,530$1,083$751$512$344$71
32 years$1,466$1,025$701$470$311$60
33 years$1,406$970$654$433$282$51
34 years$1,350$920$611$398$255$43
35 years$1,297$872$571$366$231$37
36 years$1,247$828$535$337$209$31
37 years$1,200$786$500$311$190$27
38 years$1,155$747$469$287$172$23
39 years$1,113$711$439$264$156$19
40 years$1,073$676$411$244$141$16
41 years$1,035$644$386$225$128$14
42 years$999$613$362$208$116$12
43 years$965$584$340$192$106$10
44 years$933$557$319$177$96$9
45 years$902$531$299$163$87$7
46 years$872$506$281$151$79$6
47 years$844$483$264$139$72$5
48 years$817$461$248$129$65$4
49 years$791$441$233$119$59$4
50 years$766$421$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $785,000, adding $2,551 every year, while hoping to spend $53,464 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: 55/26/19 Blend
64$785,000$785,000$785,000$785,000
65$867,701$826,096$813,929$910,853
66$899,322$809,690$784,310$924,203
67$932,375$790,687$751,907$932,826
68$966,952$768,906$716,571$941,042
69$1,003,149$744,150$678,144$948,827
70$1,041,072$716,215$636,463$956,156
71$1,080,834$684,882$591,357$963,006
72$1,122,559$649,921$542,648$969,353
73$1,166,382$611,090$490,149$975,176
74$1,212,449$568,129$433,664$980,456
75$1,260,917$520,766$372,991$985,174
76$1,311,961$468,714$307,917$989,314
77$1,365,768$411,668$238,219$992,866
78$1,422,543$349,306$163,666$995,818
79$1,482,509$281,288$84,015$998,167
80$1,545,910$207,256$0$999,914
81$1,613,011$126,831$0$1,001,263
82$1,684,104$39,611$0$1,020,218
83$1,759,505$0$0$1,039,805
84$1,839,561$0$0$1,075,799
85$1,924,651$0$0$1,126,138
86$2,015,190$0$0$1,179,741
87$2,111,632$0$0$1,236,883
88$2,214,474$0$0$1,297,861
89$2,324,261$0$0$1,363,007
90$2,441,589$0$0$1,432,679
91$2,567,113$0$0$1,507,274
92$2,701,550$0$0$1,587,223
93$2,845,686$0$0$1,673,003
94$3,000,383$0$0$1,765,135
95$3,166,590$0$0$1,864,190
96$3,345,345$0$0$1,970,799
97$3,537,790$0$0$2,085,650
98$3,745,178$0$0$2,209,501
99$3,968,884$0$0$2,343,186
100$4,210,423$0$0$2,487,618