Can I retire at age 65 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$65,320$64,738$64,171$63,616$63,075$62,339
2 years$32,337$31,734$31,151$30,585$30,036$29,295
3 years$21,344$20,739$20,157$19,596$19,056$18,333
4 years$15,848$15,245$14,669$14,118$13,591$12,892
5 years$12,552$11,952$11,384$10,844$10,332$9,658
6 years$10,355$9,760$9,200$8,672$8,175$7,528
7 years$8,786$8,196$7,645$7,130$6,648$6,028
8 years$7,610$7,026$6,484$5,981$5,516$4,922
9 years$6,696$6,117$5,584$5,094$4,645$4,078
10 years$5,965$5,392$4,868$4,391$3,958$3,417
11 years$5,368$4,800$4,286$3,822$3,404$2,889
12 years$4,870$4,308$3,804$3,352$2,950$2,460
13 years$4,449$3,894$3,398$2,960$2,572$2,107
14 years$4,089$3,539$3,054$2,627$2,255$1,814
15 years$3,777$3,233$2,757$2,343$1,985$1,568
16 years$3,504$2,966$2,500$2,098$1,755$1,359
17 years$3,264$2,732$2,275$1,885$1,556$1,182
18 years$3,051$2,524$2,076$1,699$1,383$1,031
19 years$2,860$2,340$1,901$1,535$1,233$901
20 years$2,688$2,174$1,744$1,390$1,101$788
21 years$2,533$2,025$1,605$1,262$986$691
22 years$2,393$1,890$1,479$1,147$883$607
23 years$2,265$1,768$1,365$1,045$793$533
24 years$2,147$1,656$1,263$953$713$469
25 years$2,039$1,554$1,170$870$641$413
26 years$1,940$1,461$1,085$796$578$364
27 years$1,848$1,375$1,007$728$521$321
28 years$1,763$1,296$936$667$470$283
29 years$1,684$1,222$871$612$424$250
30 years$1,610$1,154$812$562$383$221
31 years$1,541$1,091$757$516$347$195
32 years$1,477$1,032$706$474$314$173
33 years$1,417$978$659$436$284$153
34 years$1,360$927$616$401$257$135
35 years$1,307$879$576$369$233$120
36 years$1,256$834$539$340$211$106
37 years$1,209$792$504$313$191$94
38 years$1,164$753$472$289$173$83
39 years$1,122$716$442$266$157$73
40 years$1,081$681$415$246$143$65
41 years$1,043$649$389$227$129$58
42 years$1,007$618$365$209$117$51
43 years$973$588$342$193$106$45
44 years$940$561$321$178$97$40
45 years$909$535$302$165$88$35
46 years$879$510$283$152$80$31
47 years$850$487$266$140$72$28
48 years$823$465$250$130$66$25
49 years$797$444$235$120$60$22
50 years$772$424$221$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $791,000, adding $3,405 every year, while hoping to spend $44,534 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: 57/29/14 Blend
64$791,000$791,000$791,000$791,000
65$875,194$833,271$821,011$921,755
66$917,080$826,718$801,131$947,117
67$961,746$818,350$779,092$969,554
68$1,009,428$808,034$754,776$992,967
69$1,060,386$795,623$728,057$1,017,456
70$1,114,903$780,966$698,804$1,043,135
71$1,173,291$763,902$666,882$1,070,131
72$1,235,891$744,258$632,148$1,098,586
73$1,303,080$721,854$594,452$1,128,658
74$1,375,266$696,497$553,639$1,160,526
75$1,452,903$667,985$509,546$1,194,386
76$1,536,486$636,103$462,002$1,230,462
77$1,626,559$600,624$410,830$1,269,000
78$1,723,720$561,306$355,845$1,310,276
79$1,828,626$517,896$296,852$1,354,597
80$1,941,998$470,126$233,649$1,402,305
81$2,064,630$417,710$166,025$1,453,783
82$2,197,394$360,350$93,758$1,509,455
83$2,341,248$297,727$16,619$1,569,793
84$2,497,247$229,507$0$1,635,322
85$2,666,549$155,336$0$1,716,442
86$2,850,429$74,839$0$1,807,275
87$3,050,289$0$0$1,906,095
88$3,267,672$0$0$2,017,695
89$3,504,276$0$0$2,165,217
90$3,761,967$0$0$2,325,951
91$4,042,800$0$0$2,501,185
92$4,349,038$0$0$2,692,340
93$4,683,169$0$0$2,900,978
94$5,047,932$0$0$3,128,818
95$5,446,345$0$0$3,377,754
96$5,881,727$0$0$3,649,871
97$6,357,733$0$0$3,947,462
98$6,878,388$0$0$4,273,055
99$7,448,123$0$0$4,629,431
100$8,071,818$0$0$5,019,653