Can I retire at age 65 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$65,403$64,820$64,252$63,697$63,155$62,032
2 years$32,378$31,775$31,190$30,624$30,074$28,947
3 years$21,371$20,765$20,182$19,621$19,080$17,983
4 years$15,868$15,264$14,687$14,136$13,608$12,550
5 years$12,568$11,968$11,398$10,858$10,345$9,329
6 years$10,368$9,772$9,211$8,683$8,185$7,213
7 years$8,797$8,207$7,655$7,139$6,657$5,728
8 years$7,620$7,035$6,492$5,988$5,523$4,637
9 years$6,705$6,125$5,591$5,101$4,651$3,807
10 years$5,973$5,399$4,875$4,397$3,963$3,161
11 years$5,375$4,806$4,292$3,827$3,408$2,648
12 years$4,876$4,314$3,809$3,357$2,953$2,233
13 years$4,455$3,899$3,403$2,963$2,575$1,894
14 years$4,094$3,544$3,057$2,630$2,258$1,614
15 years$3,782$3,237$2,760$2,346$1,988$1,381
16 years$3,509$2,970$2,503$2,101$1,757$1,185
17 years$3,268$2,735$2,277$1,887$1,558$1,020
18 years$3,054$2,528$2,079$1,701$1,385$879
19 years$2,863$2,343$1,903$1,537$1,234$760
20 years$2,692$2,177$1,747$1,392$1,103$658
21 years$2,537$2,028$1,607$1,263$987$570
22 years$2,396$1,893$1,481$1,149$884$495
23 years$2,267$1,770$1,367$1,046$794$430
24 years$2,150$1,659$1,264$954$714$374
25 years$2,042$1,556$1,171$871$642$325
26 years$1,942$1,463$1,086$797$578$283
27 years$1,850$1,377$1,009$729$522$247
28 years$1,765$1,297$938$668$471$215
29 years$1,686$1,224$873$613$425$188
30 years$1,612$1,156$813$562$384$164
31 years$1,543$1,093$758$516$347$143
32 years$1,479$1,034$707$475$314$125
33 years$1,418$979$660$436$284$109
34 years$1,362$928$617$402$257$95
35 years$1,308$880$577$370$233$83
36 years$1,258$835$539$340$211$73
37 years$1,210$793$505$314$191$64
38 years$1,166$754$473$289$173$56
39 years$1,123$717$443$267$157$49
40 years$1,083$682$415$246$143$42
41 years$1,045$649$389$227$129$37
42 years$1,008$618$365$209$117$32
43 years$974$589$343$193$107$28
44 years$941$562$322$178$97$25
45 years$910$536$302$165$88$22
46 years$880$511$284$152$80$19
47 years$851$488$266$141$72$17
48 years$824$465$250$130$66$15
49 years$798$444$235$120$60$13
50 years$773$425$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $792,000, adding $2,330 every year, while hoping to spend $45,544 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: 47/32/21 Blend
64$792,000$792,000$792,000$792,000
65$875,187$833,211$820,935$910,989
66$915,998$825,580$799,978$928,610
67$959,445$816,049$776,793$942,989
68$1,005,749$804,476$751,256$957,656
69$1,055,152$790,712$723,239$972,657
70$1,107,918$774,598$692,609$988,049
71$1,164,339$755,966$659,224$1,003,893
72$1,224,732$734,639$622,939$1,020,265
73$1,289,447$710,428$583,600$1,037,248
74$1,358,866$683,135$541,046$1,054,940
75$1,433,410$652,547$495,110$1,073,450
76$1,513,539$618,443$445,617$1,092,905
77$1,599,759$580,587$392,385$1,113,448
78$1,692,627$538,728$335,223$1,135,242
79$1,792,753$492,604$273,931$1,158,473
80$1,900,808$441,935$208,301$1,183,347
81$2,017,527$386,427$138,116$1,210,102
82$2,143,722$325,769$63,150$1,239,003
83$2,280,281$259,631$0$1,270,348
84$2,428,183$187,666$0$1,308,252
85$2,588,503$109,507$0$1,364,662
86$2,762,424$24,767$0$1,425,894
87$2,951,247$0$0$1,492,485
88$3,156,402$0$0$1,588,611
89$3,379,463$0$0$1,702,687
90$3,622,160$0$0$1,826,888
91$3,886,400$0$0$1,962,200
92$4,174,278$0$0$2,109,705
93$4,488,101$0$0$2,270,598
94$4,830,407$0$0$2,446,192
95$5,203,990$0$0$2,637,933
96$5,611,927$0$0$2,847,411
97$6,057,603$0$0$3,076,378
98$6,544,745$0$0$3,326,764
99$7,077,458$0$0$3,600,692
100$7,660,260$0$0$3,900,501