Can I retire at age 65 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,898$65,311$64,738$64,179$63,634$63,074
2 years$32,623$32,015$31,426$30,856$30,302$29,738
3 years$21,533$20,922$20,335$19,769$19,225$18,674
4 years$15,988$15,380$14,799$14,243$13,711$13,178
5 years$12,663$12,058$11,484$10,940$10,423$9,909
6 years$10,447$9,846$9,281$8,749$8,247$7,753
7 years$8,864$8,269$7,713$7,193$6,707$6,233
8 years$7,678$7,088$6,541$6,034$5,564$5,109
9 years$6,756$6,171$5,634$5,139$4,686$4,251
10 years$6,018$5,440$4,912$4,430$3,993$3,577
11 years$5,415$4,843$4,324$3,856$3,434$3,037
12 years$4,913$4,347$3,838$3,382$2,976$2,598
13 years$4,489$3,928$3,429$2,986$2,595$2,235
14 years$4,125$3,570$3,081$2,650$2,275$1,933
15 years$3,811$3,262$2,781$2,364$2,003$1,678
16 years$3,535$2,993$2,522$2,116$1,770$1,462
17 years$3,293$2,756$2,295$1,902$1,569$1,278
18 years$3,078$2,547$2,095$1,714$1,395$1,120
19 years$2,885$2,360$1,918$1,548$1,244$983
20 years$2,712$2,193$1,760$1,402$1,111$865
21 years$2,556$2,043$1,619$1,273$994$763
22 years$2,414$1,907$1,492$1,157$891$673
23 years$2,285$1,784$1,378$1,054$800$595
24 years$2,166$1,671$1,274$961$719$526
25 years$2,057$1,568$1,180$878$647$466
26 years$1,957$1,474$1,094$803$583$413
27 years$1,864$1,387$1,016$735$525$366
28 years$1,779$1,307$945$673$474$325
29 years$1,699$1,233$879$617$428$289
30 years$1,624$1,165$819$567$387$256
31 years$1,555$1,101$763$520$350$228
32 years$1,490$1,042$712$478$316$203
33 years$1,429$986$665$440$286$180
34 years$1,372$935$621$405$259$160
35 years$1,318$887$581$372$235$143
36 years$1,267$842$543$343$213$127
37 years$1,220$799$509$316$193$113
38 years$1,174$760$476$291$175$101
39 years$1,132$722$446$269$159$90
40 years$1,091$687$418$248$144$80
41 years$1,053$654$392$229$130$71
42 years$1,016$623$368$211$118$64
43 years$981$594$345$195$107$57
44 years$948$566$324$180$98$50
45 years$917$540$304$166$89$45
46 years$887$515$286$153$80$40
47 years$858$491$269$142$73$36
48 years$830$469$252$131$66$32
49 years$804$448$237$121$60$28
50 years$779$428$223$112$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $798,000, adding $2,463 every year, while hoping to spend $43,602 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: 47/28/25 Blend
64$798,000$798,000$798,000$798,000
65$881,937$839,643$827,274$916,979
66$925,502$834,393$808,595$936,602
67$972,050$827,425$787,829$953,401
68$1,021,838$818,607$764,861$970,770
69$1,075,149$807,803$739,568$988,783
70$1,132,295$794,866$711,824$1,007,525
71$1,193,615$779,641$681,496$1,027,093
72$1,259,483$761,962$648,445$1,047,596
73$1,330,310$741,658$612,528$1,069,159
74$1,406,545$718,543$573,591$1,091,922
75$1,488,683$692,422$531,477$1,116,042
76$1,577,268$663,090$486,020$1,141,699
77$1,672,895$630,327$437,048$1,169,091
78$1,776,221$593,904$384,380$1,198,445
79$1,887,966$553,575$327,827$1,230,014
80$2,008,922$509,084$267,192$1,264,081
81$2,139,959$460,156$202,271$1,300,963
82$2,282,036$406,504$132,847$1,341,017
83$2,436,203$347,823$58,698$1,384,641
84$2,603,620$283,791$0$1,432,278
85$2,785,560$214,067$0$1,489,878
86$2,983,423$138,292$0$1,569,606
87$3,198,751$56,087$0$1,656,476
88$3,433,239$0$0$1,751,248
89$3,688,754$0$0$1,864,914
90$3,967,350$0$0$2,007,772
91$4,271,285$0$0$2,163,710
92$4,603,049$0$0$2,334,014
93$4,965,380$0$0$2,520,102
94$5,361,293$0$0$2,723,533
95$5,794,106$0$0$2,946,026
96$6,267,474$0$0$3,189,470
97$6,785,420$0$0$3,455,949
98$7,352,374$0$0$3,747,755
99$7,973,215$0$0$4,067,413
100$8,653,316$0$0$4,417,703