Can I retire at age 65 with 801,000?

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 $801,000?

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$66,146$65,557$64,982$64,421$63,873$61,509
2 years$32,745$32,136$31,545$30,972$30,416$28,061
3 years$21,613$21,001$20,411$19,844$19,297$17,025
4 years$16,049$15,438$14,854$14,296$13,763$11,591
5 years$12,710$12,104$11,528$10,981$10,462$8,397
6 years$10,486$9,883$9,316$8,782$8,278$6,320
7 years$8,897$8,300$7,742$7,220$6,733$4,882
8 years$7,707$7,115$6,565$6,056$5,585$3,840
9 years$6,781$6,195$5,655$5,159$4,704$3,061
10 years$6,041$5,460$4,930$4,447$4,008$2,465
11 years$5,436$4,861$4,340$3,870$3,447$2,001
12 years$4,932$4,363$3,852$3,395$2,987$1,634
13 years$4,506$3,943$3,441$2,997$2,605$1,341
14 years$4,141$3,584$3,092$2,660$2,283$1,105
15 years$3,825$3,274$2,792$2,373$2,010$913
16 years$3,549$3,004$2,531$2,124$1,777$756
17 years$3,305$2,766$2,303$1,909$1,575$628
18 years$3,089$2,556$2,103$1,720$1,401$522
19 years$2,896$2,369$1,925$1,554$1,249$435
20 years$2,722$2,202$1,767$1,408$1,115$363
21 years$2,565$2,051$1,625$1,278$998$303
22 years$2,423$1,914$1,498$1,162$895$253
23 years$2,293$1,790$1,383$1,058$803$212
24 years$2,174$1,677$1,279$965$722$177
25 years$2,065$1,574$1,184$881$649$148
26 years$1,964$1,479$1,098$806$585$124
27 years$1,871$1,392$1,020$737$527$104
28 years$1,785$1,312$948$676$476$87
29 years$1,705$1,238$882$620$430$73
30 years$1,630$1,169$822$569$388$61
31 years$1,561$1,105$766$522$351$51
32 years$1,496$1,046$715$480$318$43
33 years$1,434$990$668$441$287$36
34 years$1,377$938$624$406$260$30
35 years$1,323$890$583$374$236$25
36 years$1,272$845$546$344$214$21
37 years$1,224$802$511$317$194$18
38 years$1,179$763$478$292$175$15
39 years$1,136$725$448$270$159$13
40 years$1,095$690$420$249$144$11
41 years$1,056$657$394$229$131$9
42 years$1,020$625$369$212$119$7
43 years$985$596$347$195$108$6
44 years$952$568$325$180$98$5
45 years$920$542$305$167$89$4
46 years$890$517$287$154$81$4
47 years$861$493$270$142$73$3
48 years$834$471$253$131$67$3
49 years$807$450$238$121$60$2
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $801,000, adding $2,877 every year, while hoping to spend $24,051 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: 75/13/12 Blend
64$801,000$801,000$801,000$801,000
65$885,670$843,217$830,801$949,773
66$950,418$858,944$833,043$1,008,192
67$1,020,964$874,636$834,554$1,068,896
68$1,097,875$890,266$835,284$1,134,757
69$1,181,773$905,804$835,180$1,206,279
70$1,273,344$921,218$834,189$1,284,018
71$1,373,342$936,475$832,252$1,368,587
72$1,482,599$951,538$829,308$1,460,659
73$1,602,030$966,369$825,295$1,560,977
74$1,732,640$980,925$820,146$1,670,360
75$1,875,540$995,161$813,792$1,789,710
76$2,031,950$1,009,028$806,159$1,920,020
77$2,203,215$1,022,477$797,171$2,062,385
78$2,390,815$1,035,450$786,748$2,218,011
79$2,596,380$1,047,889$774,806$2,388,228
80$2,821,707$1,059,732$761,258$2,574,500
81$3,068,773$1,070,910$746,012$2,778,442
82$3,339,756$1,081,353$728,972$3,001,832
83$3,637,055$1,090,983$710,036$3,246,629
84$3,963,313$1,099,720$689,101$3,514,995
85$4,321,441$1,107,476$666,055$3,809,310
86$4,714,644$1,114,159$640,785$4,132,196
87$5,146,455$1,119,670$613,169$4,486,545
88$5,620,765$1,123,905$583,081$4,875,542
89$6,141,860$1,126,754$550,391$5,302,700
90$6,714,462$1,128,096$514,961$5,771,887
91$7,343,771$1,127,808$476,647$6,287,368
92$8,035,521$1,125,755$435,299$6,853,843
93$8,796,023$1,121,796$390,761$7,476,491
94$9,632,234$1,115,781$342,868$8,161,022
95$10,551,818$1,107,550$291,450$8,913,725
96$11,563,218$1,096,934$236,328$9,741,536
97$12,675,736$1,083,755$177,316$10,652,094
98$13,899,624$1,067,821$114,218$11,653,822
99$15,246,173$1,048,931$46,832$12,756,000
100$16,727,827$1,026,873$0$13,968,859