Can I retire at age 65 with 794,000?

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 $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%12.7%
1 years$65,568$64,984$64,414$63,858$63,315$62,601
2 years$32,459$31,855$31,269$30,701$30,150$29,432
3 years$21,425$20,817$20,233$19,670$19,128$18,428
4 years$15,908$15,303$14,724$14,171$13,642$12,965
5 years$12,599$11,998$11,427$10,885$10,371$9,718
6 years$10,394$9,797$9,235$8,705$8,206$7,579
7 years$8,820$8,228$7,674$7,157$6,674$6,073
8 years$7,639$7,053$6,508$6,004$5,536$4,961
9 years$6,722$6,141$5,605$5,114$4,663$4,113
10 years$5,988$5,413$4,887$4,408$3,973$3,448
11 years$5,388$4,818$4,302$3,836$3,417$2,917
12 years$4,889$4,325$3,818$3,365$2,961$2,486
13 years$4,466$3,908$3,411$2,971$2,582$2,131
14 years$4,105$3,553$3,065$2,637$2,263$1,835
15 years$3,791$3,245$2,767$2,352$1,993$1,587
16 years$3,518$2,978$2,509$2,106$1,761$1,377
17 years$3,276$2,742$2,283$1,892$1,562$1,199
18 years$3,062$2,534$2,084$1,705$1,389$1,046
19 years$2,871$2,348$1,908$1,541$1,238$914
20 years$2,699$2,182$1,751$1,395$1,105$801
21 years$2,543$2,033$1,611$1,266$989$703
22 years$2,402$1,897$1,484$1,151$887$617
23 years$2,273$1,775$1,371$1,049$796$543
24 years$2,155$1,663$1,268$956$715$478
25 years$2,047$1,560$1,174$873$644$421
26 years$1,947$1,467$1,089$799$580$372
27 years$1,855$1,380$1,011$731$523$328
28 years$1,770$1,301$940$670$472$290
29 years$1,690$1,227$875$614$426$256
30 years$1,616$1,159$815$564$385$226
31 years$1,547$1,095$760$518$348$200
32 years$1,483$1,036$709$476$315$177
33 years$1,422$981$662$438$285$157
34 years$1,365$930$618$403$258$139
35 years$1,312$882$578$371$234$123
36 years$1,261$837$541$341$212$109
37 years$1,213$795$506$314$192$96
38 years$1,168$756$474$290$174$85
39 years$1,126$719$444$267$158$76
40 years$1,086$684$416$247$143$67
41 years$1,047$651$390$227$130$60
42 years$1,011$620$366$210$118$53
43 years$976$591$344$194$107$47
44 years$943$563$322$179$97$41
45 years$912$537$303$165$88$37
46 years$882$512$284$153$80$33
47 years$854$489$267$141$73$29
48 years$826$467$251$130$66$26
49 years$800$446$236$120$60$23
50 years$775$426$222$111$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $794,000, adding $3,655 every year, while hoping to spend $45,774 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: 84/7/9 Blend
64$794,000$794,000$794,000$794,000
65$878,758$836,676$824,369$951,217
66$919,688$828,970$803,282$991,412
67$963,259$819,352$779,955$1,029,010
68$1,009,692$807,681$754,264$1,068,891
69$1,059,228$793,805$726,079$1,111,256
70$1,112,134$777,566$695,267$1,156,326
71$1,168,699$758,794$661,686$1,204,345
72$1,229,242$737,310$625,188$1,255,581
73$1,294,112$712,926$585,620$1,310,330
74$1,363,694$685,442$542,820$1,368,917
75$1,438,406$654,644$496,620$1,431,699
76$1,518,711$620,309$446,844$1,499,071
77$1,605,115$582,200$393,309$1,571,468
78$1,698,174$540,065$335,823$1,649,369
79$1,798,500$493,640$274,185$1,733,301
80$1,906,763$442,644$208,186$1,823,846
81$2,023,700$386,781$137,607$1,921,644
82$2,150,122$325,738$62,222$2,027,401
83$2,286,919$259,184$0$2,141,895
84$2,435,070$186,770$0$2,267,735
85$2,595,652$108,126$0$2,410,605
86$2,769,847$22,863$0$2,565,590
87$2,958,958$0$0$2,733,867
88$3,164,415$0$0$2,922,075
89$3,387,794$0$0$3,128,626
90$3,630,826$0$0$3,353,364
91$3,895,419$0$0$3,598,052
92$4,183,668$0$0$3,864,631
93$4,497,883$0$0$4,155,238
94$4,840,604$0$0$4,472,224
95$5,214,626$0$0$4,818,177
96$5,623,027$0$0$5,195,946
97$6,069,195$0$0$5,608,666
98$6,556,860$0$0$6,059,789
99$7,090,128$0$0$6,553,117
100$7,673,519$0$0$7,092,833