Can I retire at age 65 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$64,907$64,329$63,765$63,214$62,677$61,740
2 years$32,132$31,534$30,954$30,392$29,846$28,905
3 years$21,209$20,608$20,029$19,472$18,936$18,018
4 years$15,748$15,149$14,576$14,029$13,505$12,619
5 years$12,472$11,877$11,312$10,775$10,266$9,415
6 years$10,289$9,698$9,142$8,617$8,123$7,307
7 years$8,731$8,145$7,597$7,085$6,606$5,825
8 years$7,562$6,981$6,443$5,943$5,481$4,735
9 years$6,654$6,079$5,549$5,062$4,616$3,904
10 years$5,928$5,358$4,838$4,364$3,933$3,256
11 years$5,334$4,770$4,259$3,798$3,382$2,739
12 years$4,839$4,281$3,780$3,331$2,931$2,320
13 years$4,421$3,869$3,377$2,941$2,556$1,977
14 years$4,063$3,517$3,034$2,611$2,240$1,693
15 years$3,753$3,213$2,740$2,328$1,973$1,455
16 years$3,482$2,948$2,484$2,085$1,743$1,255
17 years$3,243$2,715$2,260$1,873$1,546$1,085
18 years$3,031$2,508$2,063$1,688$1,375$941
19 years$2,842$2,325$1,889$1,525$1,225$817
20 years$2,671$2,160$1,733$1,381$1,094$711
21 years$2,517$2,012$1,594$1,254$979$620
22 years$2,378$1,878$1,469$1,140$878$541
23 years$2,250$1,757$1,357$1,038$788$472
24 years$2,134$1,646$1,255$947$708$413
25 years$2,026$1,545$1,162$865$637$361
26 years$1,928$1,452$1,078$791$574$316
27 years$1,836$1,366$1,001$724$518$277
28 years$1,752$1,287$930$663$467$243
29 years$1,673$1,215$866$608$422$213
30 years$1,600$1,147$807$558$381$187
31 years$1,532$1,084$752$512$344$164
32 years$1,468$1,026$702$471$312$144
33 years$1,408$972$655$433$282$127
34 years$1,351$921$612$399$255$111
35 years$1,298$873$572$367$231$98
36 years$1,248$829$535$338$210$86
37 years$1,201$787$501$311$190$76
38 years$1,157$748$469$287$172$67
39 years$1,115$712$440$265$156$59
40 years$1,075$677$412$244$142$51
41 years$1,037$644$386$225$128$45
42 years$1,001$614$362$208$117$40
43 years$966$585$340$192$106$35
44 years$934$557$319$177$96$31
45 years$903$532$300$164$87$27
46 years$873$507$282$151$79$24
47 years$845$484$264$140$72$21
48 years$818$462$249$129$65$18
49 years$792$441$234$119$59$16
50 years$767$421$220$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $786,000, adding $5,824 every year, while hoping to spend $34,748 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: 47/27/26 Blend
64$786,000$786,000$786,000$786,000
65$872,179$830,521$818,338$906,441
66$924,170$834,245$808,781$934,859
67$980,299$836,987$797,739$961,822
68$1,040,952$838,662$785,126$990,405
69$1,106,553$839,180$770,851$1,020,780
70$1,177,566$838,445$754,820$1,053,134
71$1,254,505$836,356$736,933$1,087,677
72$1,337,931$832,804$717,087$1,124,644
73$1,428,464$827,675$695,173$1,164,291
74$1,526,785$820,848$671,079$1,206,908
75$1,633,641$812,194$644,684$1,252,815
76$1,749,858$801,577$615,866$1,302,364
77$1,876,340$788,851$584,495$1,355,951
78$2,014,085$773,863$550,434$1,414,012
79$2,164,191$756,452$513,543$1,477,031
80$2,327,865$736,444$473,672$1,545,546
81$2,506,435$713,658$430,669$1,620,151
82$2,701,365$687,901$384,370$1,701,507
83$2,914,265$658,969$334,607$1,790,344
84$3,146,908$626,646$281,204$1,887,472
85$3,401,246$590,704$223,977$1,993,789
86$3,679,426$550,902$162,734$2,110,286
87$3,983,815$506,984$97,273$2,238,064
88$4,317,018$458,680$27,385$2,378,338
89$4,681,903$405,705$0$2,532,456
90$5,081,631$347,758$0$2,715,001
91$5,519,678$284,519$0$2,923,485
92$5,999,878$215,654$0$3,152,192
93$6,526,450$140,805$0$3,403,207
94$7,104,042$59,598$0$3,678,829
95$7,737,773$0$0$3,981,599
96$8,433,281$0$0$4,322,743
97$9,196,778$0$0$4,716,765
98$10,035,106$0$0$5,149,501
99$10,955,802$0$0$5,624,851
100$11,967,168$0$0$6,147,116