Can I retire at age 65 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$64,990$64,411$63,846$63,295$62,756$61,515
2 years$32,173$31,574$30,993$30,430$29,884$28,638
3 years$21,236$20,634$20,055$19,497$18,960$17,748
4 years$15,768$15,168$14,595$14,046$13,522$12,355
5 years$12,488$11,892$11,326$10,789$10,279$9,160
6 years$10,303$9,711$9,153$8,628$8,134$7,063
7 years$8,742$8,155$7,606$7,094$6,615$5,593
8 years$7,572$6,990$6,451$5,951$5,488$4,514
9 years$6,662$6,086$5,556$5,069$4,621$3,696
10 years$5,935$5,365$4,844$4,369$3,938$3,059
11 years$5,341$4,776$4,264$3,803$3,387$2,554
12 years$4,846$4,287$3,785$3,335$2,935$2,147
13 years$4,427$3,874$3,381$2,945$2,559$1,815
14 years$4,068$3,521$3,038$2,614$2,243$1,542
15 years$3,758$3,217$2,743$2,331$1,975$1,314
16 years$3,487$2,951$2,487$2,087$1,746$1,124
17 years$3,248$2,718$2,263$1,875$1,548$964
18 years$3,035$2,512$2,066$1,690$1,376$828
19 years$2,845$2,328$1,891$1,527$1,227$713
20 years$2,675$2,163$1,736$1,383$1,096$615
21 years$2,521$2,015$1,596$1,255$981$531
22 years$2,381$1,881$1,471$1,141$879$459
23 years$2,253$1,759$1,359$1,039$789$397
24 years$2,136$1,648$1,256$948$709$344
25 years$2,029$1,547$1,164$866$638$298
26 years$1,930$1,454$1,079$792$575$259
27 years$1,839$1,368$1,002$725$518$225
28 years$1,754$1,289$932$664$468$195
29 years$1,675$1,216$867$609$422$169
30 years$1,602$1,148$808$559$382$147
31 years$1,534$1,086$753$513$345$128
32 years$1,469$1,027$702$472$312$111
33 years$1,409$973$656$434$282$97
34 years$1,353$922$613$399$256$84
35 years$1,300$875$573$367$232$73
36 years$1,250$830$536$338$210$64
37 years$1,203$788$502$312$190$55
38 years$1,158$749$470$287$172$48
39 years$1,116$712$440$265$156$42
40 years$1,076$678$413$244$142$37
41 years$1,038$645$387$225$129$32
42 years$1,002$614$363$208$117$28
43 years$968$585$340$192$106$24
44 years$935$558$320$177$96$21
45 years$904$532$300$164$87$18
46 years$874$508$282$151$79$16
47 years$846$484$265$140$72$14
48 years$819$463$249$129$65$12
49 years$793$442$234$119$59$11
50 years$768$422$220$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $787,000, adding $2,919 every year, while hoping to spend $20,188 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: 71/18/11 Blend
64$787,000$787,000$787,000$787,000
65$870,285$828,574$816,375$929,934
66$937,574$847,694$822,244$988,939
67$1,011,050$867,075$827,633$1,050,758
68$1,091,323$886,707$832,504$1,117,885
69$1,179,064$906,581$836,819$1,190,839
70$1,275,011$926,687$840,535$1,270,193
71$1,379,979$947,012$843,610$1,356,574
72$1,494,864$967,542$845,998$1,450,677
73$1,620,652$988,264$847,651$1,553,266
74$1,758,430$1,009,160$848,519$1,665,182
75$1,909,394$1,030,213$848,548$1,787,352
76$2,074,862$1,051,403$847,684$1,920,796
77$2,256,285$1,072,709$845,869$2,066,640
78$2,455,261$1,094,107$843,041$2,226,123
79$2,673,552$1,115,572$839,136$2,400,610
80$2,913,095$1,137,076$834,088$2,591,606
81$3,176,027$1,158,589$827,827$2,800,768
82$3,464,701$1,180,079$820,278$3,029,923
83$3,781,708$1,201,511$811,365$3,281,084
84$4,129,904$1,222,846$801,007$3,556,468
85$4,512,433$1,244,044$789,120$3,858,518
86$4,932,761$1,265,062$775,615$4,189,927
87$5,394,703$1,285,851$760,399$4,553,663
88$5,902,466$1,306,361$743,376$4,952,994
89$6,460,683$1,326,537$724,443$5,391,525
90$7,074,456$1,346,322$703,496$5,873,225
91$7,749,410$1,365,651$680,423$6,402,470
92$8,491,740$1,384,458$655,107$6,984,082
93$9,308,273$1,402,672$627,428$7,623,375
94$10,206,528$1,420,214$597,259$8,326,203
95$11,194,794$1,437,004$564,466$9,099,021
96$12,282,199$1,452,953$528,912$9,948,939
97$13,478,803$1,467,969$490,451$10,883,795
98$14,795,692$1,481,950$448,932$11,912,225
99$16,245,078$1,494,791$404,197$13,043,748
100$17,840,419$1,506,378$356,080$14,288,852