Can I retire at age 65 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$65,237$64,656$64,089$63,536$62,996$61,077
2 years$32,296$31,694$31,111$30,546$29,998$28,081
3 years$21,317$20,713$20,131$19,571$19,032$17,178
4 years$15,828$15,226$14,650$14,100$13,574$11,796
5 years$12,536$11,937$11,369$10,830$10,319$8,622
6 years$10,342$9,748$9,188$8,661$8,165$6,551
7 years$8,775$8,186$7,635$7,121$6,640$5,109
8 years$7,601$7,017$6,475$5,973$5,509$4,059
9 years$6,688$6,110$5,577$5,088$4,639$3,270
10 years$5,958$5,385$4,862$4,386$3,953$2,661
11 years$5,361$4,794$4,281$3,817$3,399$2,184
12 years$4,864$4,303$3,799$3,348$2,946$1,804
13 years$4,444$3,889$3,394$2,956$2,569$1,498
14 years$4,084$3,535$3,050$2,624$2,252$1,248
15 years$3,772$3,229$2,753$2,340$1,983$1,044
16 years$3,500$2,963$2,496$2,095$1,752$876
17 years$3,260$2,728$2,272$1,883$1,554$737
18 years$3,047$2,521$2,074$1,697$1,382$621
19 years$2,856$2,337$1,898$1,533$1,231$524
20 years$2,685$2,171$1,742$1,388$1,100$442
21 years$2,530$2,022$1,603$1,260$984$374
22 years$2,390$1,888$1,477$1,146$882$317
23 years$2,262$1,766$1,364$1,043$792$268
24 years$2,144$1,654$1,261$952$712$228
25 years$2,037$1,553$1,168$869$641$193
26 years$1,938$1,459$1,083$795$577$164
27 years$1,846$1,373$1,006$727$520$139
28 years$1,761$1,294$935$666$469$118
29 years$1,682$1,221$870$611$424$100
30 years$1,608$1,153$811$561$383$85
31 years$1,539$1,090$756$515$346$73
32 years$1,475$1,031$705$473$313$62
33 years$1,415$977$658$435$283$52
34 years$1,358$926$615$401$257$45
35 years$1,305$878$575$369$232$38
36 years$1,255$833$538$340$211$32
37 years$1,207$791$504$313$191$27
38 years$1,163$752$472$288$173$23
39 years$1,120$715$442$266$157$20
40 years$1,080$680$414$245$142$17
41 years$1,042$648$388$226$129$14
42 years$1,006$617$364$209$117$12
43 years$971$588$342$193$106$10
44 years$939$560$321$178$97$9
45 years$907$534$301$164$88$8
46 years$878$510$283$152$80$6
47 years$849$486$266$140$72$5
48 years$822$464$250$130$66$5
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $790,000, adding $5,114 every year, while hoping to spend $44,547 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: 56/34/10 Blend
64$790,000$790,000$790,000$790,000
65$875,855$833,985$821,740$922,477
66$917,795$827,453$801,871$948,038
67$962,519$819,107$779,843$970,500
68$1,010,265$808,813$755,537$993,900
69$1,061,293$796,425$728,828$1,018,335
70$1,115,887$781,792$699,586$1,043,911
71$1,174,359$764,752$667,674$1,070,750
72$1,237,052$745,133$632,949$1,098,988
73$1,304,342$722,755$595,263$1,128,776
74$1,376,639$697,424$554,459$1,160,284
75$1,454,398$668,940$510,375$1,193,702
76$1,538,114$637,086$462,840$1,229,244
77$1,628,334$601,635$411,677$1,267,145
78$1,725,656$562,346$356,700$1,307,672
79$1,830,738$518,967$297,715$1,351,120
80$1,944,305$471,228$234,520$1,397,819
81$2,067,150$418,844$166,903$1,448,135
82$2,200,148$361,516$94,643$1,502,480
83$2,344,260$298,927$17,510$1,561,309
84$2,500,542$230,742$0$1,625,129
85$2,670,155$156,606$0$1,701,421
86$2,854,377$76,146$0$1,786,341
87$3,054,614$0$0$1,878,745
88$3,272,411$0$0$1,983,566
89$3,509,469$0$0$2,128,729
90$3,767,661$0$0$2,286,897
91$4,049,045$0$0$2,459,342
92$4,355,889$0$0$2,647,460
93$4,690,686$0$0$2,852,790
94$5,056,184$0$0$3,077,025
95$5,455,404$0$0$3,322,030
96$5,891,675$0$0$3,589,856
97$6,368,660$0$0$3,882,763
98$6,890,392$0$0$4,203,240
99$7,461,313$0$0$4,554,024
100$8,086,313$0$0$4,938,133