Can I retire at age 65 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$65,733$65,147$64,576$64,019$63,474$61,246
2 years$32,541$31,935$31,348$30,778$30,226$28,005
3 years$21,479$20,870$20,284$19,720$19,176$17,032
4 years$15,948$15,342$14,762$14,207$13,677$11,625
5 years$12,631$12,028$11,456$10,912$10,397$8,444
6 years$10,420$9,822$9,258$8,727$8,227$6,373
7 years$8,842$8,248$7,693$7,175$6,691$4,936
8 years$7,659$7,070$6,525$6,019$5,550$3,894
9 years$6,739$6,156$5,620$5,127$4,674$3,114
10 years$6,003$5,426$4,899$4,419$3,983$2,516
11 years$5,402$4,831$4,313$3,846$3,425$2,048
12 years$4,901$4,336$3,828$3,373$2,968$1,678
13 years$4,478$3,918$3,420$2,978$2,588$1,382
14 years$4,115$3,562$3,073$2,644$2,269$1,143
15 years$3,801$3,254$2,774$2,358$1,998$948
16 years$3,527$2,985$2,515$2,111$1,766$788
17 years$3,285$2,749$2,289$1,897$1,566$657
18 years$3,070$2,540$2,089$1,709$1,392$548
19 years$2,878$2,354$1,913$1,545$1,241$459
20 years$2,705$2,188$1,755$1,399$1,108$384
21 years$2,549$2,038$1,615$1,270$992$322
22 years$2,408$1,902$1,488$1,154$889$270
23 years$2,279$1,779$1,374$1,051$798$226
24 years$2,161$1,667$1,271$959$717$190
25 years$2,052$1,564$1,177$876$645$160
26 years$1,952$1,470$1,092$801$581$134
27 years$1,860$1,384$1,014$733$524$113
28 years$1,774$1,304$942$671$473$95
29 years$1,694$1,230$877$616$427$80
30 years$1,620$1,162$817$565$386$67
31 years$1,551$1,098$761$519$349$57
32 years$1,486$1,039$710$477$316$48
33 years$1,426$984$663$439$286$40
34 years$1,368$933$620$404$259$34
35 years$1,315$885$579$372$234$28
36 years$1,264$840$542$342$212$24
37 years$1,217$797$507$315$192$20
38 years$1,171$758$475$291$174$17
39 years$1,129$721$445$268$158$14
40 years$1,088$686$417$247$143$12
41 years$1,050$653$391$228$130$10
42 years$1,013$622$367$210$118$9
43 years$979$592$344$194$107$7
44 years$946$564$323$179$97$6
45 years$914$538$304$166$88$5
46 years$884$513$285$153$80$4
47 years$856$490$268$141$73$4
48 years$828$468$252$131$66$3
49 years$802$447$237$121$60$3
50 years$777$427$222$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $796,000, adding $5,382 every year, while hoping to spend $56,293 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: 55/19/26 Blend
64$796,000$796,000$796,000$796,000
65$882,744$840,556$828,218$924,701
66$912,888$821,847$796,068$935,455
67$944,221$800,336$760,954$940,862
68$976,803$775,824$722,718$945,595
69$1,010,701$748,104$681,193$949,606
70$1,045,987$716,955$636,207$952,850
71$1,082,735$682,144$587,577$955,276
72$1,121,029$643,423$535,116$956,835
73$1,160,956$600,533$478,624$957,475
74$1,202,611$553,197$417,896$957,143
75$1,246,097$501,124$352,716$955,786
76$1,291,525$444,004$282,857$953,348
77$1,339,014$381,514$208,086$949,775
78$1,388,692$313,307$128,156$945,010
79$1,440,701$239,021$42,811$938,996
80$1,495,190$158,271$0$931,677
81$1,552,325$70,652$0$936,387
82$1,612,284$0$0$953,226
83$1,675,260$0$0$975,403
84$1,741,462$0$0$1,014,269
85$1,811,120$0$0$1,055,190
86$1,884,482$0$0$1,098,315
87$1,961,818$0$0$1,143,806
88$2,043,424$0$0$1,191,843
89$2,129,621$0$0$1,242,616
90$2,220,760$0$0$1,296,339
91$2,317,224$0$0$1,353,241
92$2,419,430$0$0$1,413,575
93$2,527,836$0$0$1,477,615
94$2,642,940$0$0$1,545,662
95$2,765,288$0$0$1,618,047
96$2,895,478$0$0$1,695,128
97$3,034,164$0$0$1,777,301
98$3,182,061$0$0$1,864,998
99$3,339,953$0$0$1,958,691
100$3,508,700$0$0$2,058,901