Can I retire at age 65 with 796,000?

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 $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%19.2%
1 years$65,733$65,147$64,576$64,019$63,474$61,125
2 years$32,541$31,935$31,348$30,778$30,226$27,885
3 years$21,479$20,870$20,284$19,720$19,176$16,919
4 years$15,948$15,342$14,762$14,207$13,677$11,519
5 years$12,631$12,028$11,456$10,912$10,397$8,344
6 years$10,420$9,822$9,258$8,727$8,227$6,281
7 years$8,842$8,248$7,693$7,175$6,691$4,851
8 years$7,659$7,070$6,525$6,019$5,550$3,816
9 years$6,739$6,156$5,620$5,127$4,674$3,042
10 years$6,003$5,426$4,899$4,419$3,983$2,450
11 years$5,402$4,831$4,313$3,846$3,425$1,988
12 years$4,901$4,336$3,828$3,373$2,968$1,624
13 years$4,478$3,918$3,420$2,978$2,588$1,332
14 years$4,115$3,562$3,073$2,644$2,269$1,098
15 years$3,801$3,254$2,774$2,358$1,998$907
16 years$3,527$2,985$2,515$2,111$1,766$752
17 years$3,285$2,749$2,289$1,897$1,566$624
18 years$3,070$2,540$2,089$1,709$1,392$519
19 years$2,878$2,354$1,913$1,545$1,241$433
20 years$2,705$2,188$1,755$1,399$1,108$361
21 years$2,549$2,038$1,615$1,270$992$301
22 years$2,408$1,902$1,488$1,154$889$252
23 years$2,279$1,779$1,374$1,051$798$210
24 years$2,161$1,667$1,271$959$717$176
25 years$2,052$1,564$1,177$876$645$147
26 years$1,952$1,470$1,092$801$581$123
27 years$1,860$1,384$1,014$733$524$103
28 years$1,774$1,304$942$671$473$86
29 years$1,694$1,230$877$616$427$72
30 years$1,620$1,162$817$565$386$61
31 years$1,551$1,098$761$519$349$51
32 years$1,486$1,039$710$477$316$43
33 years$1,426$984$663$439$286$36
34 years$1,368$933$620$404$259$30
35 years$1,315$885$579$372$234$25
36 years$1,264$840$542$342$212$21
37 years$1,217$797$507$315$192$18
38 years$1,171$758$475$291$174$15
39 years$1,129$721$445$268$158$12
40 years$1,088$686$417$247$143$10
41 years$1,050$653$391$228$130$9
42 years$1,013$622$367$210$118$7
43 years$979$592$344$194$107$6
44 years$946$564$323$179$97$5
45 years$914$538$304$166$88$4
46 years$884$513$285$153$80$4
47 years$856$490$268$141$73$3
48 years$828$468$252$131$66$3
49 years$802$447$237$121$60$2
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 $4,675 every year, while hoping to spend $37,619 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: 64/8/28 Blend
64$796,000$796,000$796,000$796,000
65$882,014$839,826$827,488$931,625
66$931,953$840,951$815,183$966,904
67$985,725$840,871$801,204$1,000,875
68$1,043,682$839,486$785,457$1,037,180
69$1,106,208$836,691$767,841$1,076,051
70$1,173,728$832,376$748,250$1,117,749
71$1,246,708$826,422$726,576$1,162,561
72$1,325,660$818,705$702,704$1,210,804
73$1,411,146$809,090$676,513$1,262,829
74$1,503,785$797,437$647,878$1,319,024
75$1,604,257$783,598$616,669$1,379,819
76$1,713,311$767,414$582,746$1,445,689
77$1,831,769$748,717$545,968$1,517,158
78$1,960,536$727,331$506,185$1,594,807
79$2,100,608$703,067$463,240$1,679,277
80$2,253,080$675,728$416,969$1,771,277
81$2,419,158$645,103$367,201$1,871,590
82$2,600,169$610,969$313,759$1,981,081
83$2,797,572$573,092$256,455$2,100,707
84$3,012,973$531,223$195,096$2,231,524
85$3,248,143$485,099$129,477$2,374,698
86$3,505,026$434,442$59,388$2,531,517
87$3,785,767$378,958$0$2,703,406
88$4,092,726$318,337$0$2,896,539
89$4,428,500$252,252$0$3,127,282
90$4,795,949$180,355$0$3,379,861
91$5,198,225$102,281$0$3,656,467
92$5,638,795$17,643$0$3,959,512
93$6,121,479$0$0$4,291,656
94$6,650,484$0$0$4,662,341
95$7,230,443$0$0$5,070,489
96$7,866,458$0$0$5,518,144
97$8,564,150$0$0$6,009,270
98$9,329,709$0$0$6,548,232
99$10,169,953$0$0$7,139,837
100$11,092,394$0$0$7,789,382