Can I retire at age 65 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$65,568$64,984$64,414$63,858$63,315$61,859
2 years$32,459$31,855$31,269$30,701$30,150$28,692
3 years$21,425$20,817$20,233$19,670$19,128$17,713
4 years$15,908$15,303$14,724$14,171$13,642$12,281
5 years$12,599$11,998$11,427$10,885$10,371$9,066
6 years$10,394$9,797$9,235$8,705$8,206$6,960
7 years$8,820$8,228$7,674$7,157$6,674$5,487
8 years$7,639$7,053$6,508$6,004$5,536$4,408
9 years$6,722$6,141$5,605$5,114$4,663$3,592
10 years$5,988$5,413$4,887$4,408$3,973$2,959
11 years$5,388$4,818$4,302$3,836$3,417$2,458
12 years$4,889$4,325$3,818$3,365$2,961$2,055
13 years$4,466$3,908$3,411$2,971$2,582$1,728
14 years$4,105$3,553$3,065$2,637$2,263$1,460
15 years$3,791$3,245$2,767$2,352$1,993$1,238
16 years$3,518$2,978$2,509$2,106$1,761$1,052
17 years$3,276$2,742$2,283$1,892$1,562$897
18 years$3,062$2,534$2,084$1,705$1,389$766
19 years$2,871$2,348$1,908$1,541$1,238$656
20 years$2,699$2,182$1,751$1,395$1,105$562
21 years$2,543$2,033$1,611$1,266$989$483
22 years$2,402$1,897$1,484$1,151$887$415
23 years$2,273$1,775$1,371$1,049$796$357
24 years$2,155$1,663$1,268$956$715$307
25 years$2,047$1,560$1,174$873$644$264
26 years$1,947$1,467$1,089$799$580$228
27 years$1,855$1,380$1,011$731$523$197
28 years$1,770$1,301$940$670$472$170
29 years$1,690$1,227$875$614$426$146
30 years$1,616$1,159$815$564$385$126
31 years$1,547$1,095$760$518$348$109
32 years$1,483$1,036$709$476$315$94
33 years$1,422$981$662$438$285$81
34 years$1,365$930$618$403$258$70
35 years$1,312$882$578$371$234$61
36 years$1,261$837$541$341$212$53
37 years$1,213$795$506$314$192$45
38 years$1,168$756$474$290$174$39
39 years$1,126$719$444$267$158$34
40 years$1,086$684$416$247$143$29
41 years$1,047$651$390$227$130$25
42 years$1,011$620$366$210$118$22
43 years$976$591$344$194$107$19
44 years$943$563$322$179$97$16
45 years$912$537$303$165$88$14
46 years$882$512$284$153$80$12
47 years$854$489$267$141$73$11
48 years$826$467$251$130$66$9
49 years$800$446$236$120$60$8
50 years$775$426$222$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $794,000, adding $4,695 every year, while hoping to spend $37,952 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: 47/26/27 Blend
64$794,000$794,000$794,000$794,000
65$879,831$837,749$825,442$914,185
66$929,193$838,418$812,714$939,536
67$982,318$837,848$798,287$962,959
68$1,039,550$835,938$782,065$987,645
69$1,101,266$832,581$763,946$1,013,733
70$1,167,881$827,663$743,824$1,041,377
71$1,239,851$821,064$721,588$1,070,749
72$1,317,676$812,657$697,122$1,102,041
73$1,401,907$802,306$670,304$1,135,468
74$1,493,150$789,867$641,007$1,171,268
75$1,592,069$775,188$609,099$1,209,709
76$1,699,396$758,108$574,440$1,251,086
77$1,815,937$738,458$536,885$1,295,728
78$1,942,575$716,055$496,283$1,344,004
79$2,080,285$690,708$452,476$1,396,321
80$2,230,137$662,217$405,297$1,453,133
81$2,393,311$630,365$354,575$1,514,943
82$2,571,103$594,927$300,128$1,582,311
83$2,764,941$555,664$241,767$1,655,859
84$2,976,395$512,322$179,296$1,736,277
85$3,207,194$464,633$112,510$1,824,329
86$3,459,242$412,314$41,193$1,920,865
87$3,734,634$355,066$0$2,026,825
88$4,035,676$292,574$0$2,153,312
89$4,364,908$224,503$0$2,304,742
90$4,725,125$150,500$0$2,470,586
91$5,119,407$70,194$0$2,652,337
92$5,551,144$0$0$2,851,644
93$6,024,069$0$0$3,075,134
94$6,542,294$0$0$3,342,127
95$7,110,347$0$0$3,634,883
96$7,733,214$0$0$3,955,984
97$8,416,388$0$0$4,308,272
98$9,165,920$0$0$4,694,881
99$9,988,471$0$0$5,119,259
100$10,891,384$0$0$5,585,207