Can I retire at age 65 with 785,000?

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 $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%
1 years$64,825$64,247$63,684$63,134$62,597$60,813
2 years$32,091$31,494$30,914$30,353$29,808$28,024
3 years$21,182$20,581$20,004$19,447$18,911$17,184
4 years$15,728$15,130$14,558$14,011$13,488$11,830
5 years$12,457$11,862$11,297$10,762$10,253$8,670
6 years$10,276$9,686$9,130$8,606$8,113$6,605
7 years$8,720$8,134$7,587$7,076$6,598$5,166
8 years$7,553$6,973$6,434$5,936$5,474$4,116
9 years$6,646$6,071$5,542$5,056$4,610$3,326
10 years$5,920$5,351$4,832$4,358$3,928$2,716
11 years$5,327$4,764$4,254$3,793$3,378$2,236
12 years$4,833$4,276$3,775$3,327$2,927$1,853
13 years$4,416$3,864$3,373$2,937$2,553$1,543
14 years$4,058$3,512$3,030$2,607$2,238$1,291
15 years$3,749$3,209$2,736$2,325$1,970$1,084
16 years$3,478$2,944$2,481$2,082$1,741$912
17 years$3,239$2,711$2,257$1,871$1,544$770
18 years$3,027$2,505$2,061$1,686$1,373$651
19 years$2,838$2,322$1,886$1,523$1,224$551
20 years$2,668$2,158$1,731$1,380$1,093$468
21 years$2,514$2,010$1,592$1,252$978$397
22 years$2,375$1,876$1,468$1,138$877$338
23 years$2,247$1,755$1,355$1,037$787$287
24 years$2,131$1,644$1,253$946$707$244
25 years$2,024$1,543$1,161$864$636$208
26 years$1,925$1,450$1,077$790$573$177
27 years$1,834$1,365$1,000$723$517$151
28 years$1,750$1,286$929$662$466$129
29 years$1,671$1,213$865$607$421$110
30 years$1,598$1,146$806$557$381$94
31 years$1,530$1,083$751$512$344$80
32 years$1,466$1,025$701$470$311$68
33 years$1,406$970$654$433$282$58
34 years$1,350$920$611$398$255$50
35 years$1,297$872$571$366$231$43
36 years$1,247$828$535$337$209$36
37 years$1,200$786$500$311$190$31
38 years$1,155$747$469$287$172$27
39 years$1,113$711$439$264$156$23
40 years$1,073$676$411$244$141$19
41 years$1,035$644$386$225$128$17
42 years$999$613$362$208$116$14
43 years$965$584$340$192$106$12
44 years$933$557$319$177$96$10
45 years$902$531$299$163$87$9
46 years$872$506$281$151$79$8
47 years$844$483$264$139$72$6
48 years$817$461$248$129$65$6
49 years$791$441$233$119$59$5
50 years$766$421$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $785,000, adding $5,667 every year, while hoping to spend $50,235 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: 43/33/24 Blend
64$785,000$785,000$785,000$785,000
65$870,916$829,311$817,143$902,061
66$906,299$816,497$791,068$911,960
67$943,608$801,372$762,435$917,417
68$982,986$783,769$731,107$922,330
69$1,024,590$763,513$696,937$926,679
70$1,068,589$740,415$659,775$930,441
71$1,115,169$714,281$619,463$933,597
72$1,164,535$684,899$575,833$936,130
73$1,216,908$652,050$528,714$938,027
74$1,272,532$615,499$477,925$939,276
75$1,331,671$574,999$423,276$939,872
76$1,394,617$530,289$364,571$939,813
77$1,461,687$481,093$301,604$939,102
78$1,533,230$427,117$234,159$937,751
79$1,609,628$368,054$162,011$935,778
80$1,691,298$303,578$84,927$933,210
81$1,778,700$233,342$2,662$930,085
82$1,872,336$156,985$0$926,451
83$1,972,757$74,120$0$944,171
84$2,080,569$0$0$963,667
85$2,196,435$0$0$990,108
86$2,321,085$0$0$1,047,578
87$2,455,318$0$0$1,109,538
88$2,600,013$0$0$1,176,404
89$2,756,136$0$0$1,248,632
90$2,924,748$0$0$1,326,723
91$3,107,014$0$0$1,411,227
92$3,304,216$0$0$1,502,749
93$3,517,761$0$0$1,601,956
94$3,749,198$0$0$1,709,578
95$4,000,229$0$0$1,826,420
96$4,272,726$0$0$1,953,369
97$4,568,750$0$0$2,091,396
98$4,890,564$0$0$2,241,574
99$5,240,661$0$0$2,405,081
100$5,621,782$0$0$2,583,214