Can I retire at age 65 with 801,000?

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 $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%18.3%
1 years$66,146$65,557$64,982$64,421$63,873$61,729
2 years$32,745$32,136$31,545$30,972$30,416$28,277
3 years$21,613$21,001$20,411$19,844$19,297$17,231
4 years$16,049$15,438$14,854$14,296$13,763$11,785
5 years$12,710$12,104$11,528$10,981$10,462$8,578
6 years$10,486$9,883$9,316$8,782$8,278$6,489
7 years$8,897$8,300$7,742$7,220$6,733$5,037
8 years$7,707$7,115$6,565$6,056$5,585$3,983
9 years$6,781$6,195$5,655$5,159$4,704$3,193
10 years$6,041$5,460$4,930$4,447$4,008$2,586
11 years$5,436$4,861$4,340$3,870$3,447$2,111
12 years$4,932$4,363$3,852$3,395$2,987$1,734
13 years$4,506$3,943$3,441$2,997$2,605$1,432
14 years$4,141$3,584$3,092$2,660$2,283$1,187
15 years$3,825$3,274$2,792$2,373$2,010$988
16 years$3,549$3,004$2,531$2,124$1,777$824
17 years$3,305$2,766$2,303$1,909$1,575$688
18 years$3,089$2,556$2,103$1,720$1,401$577
19 years$2,896$2,369$1,925$1,554$1,249$484
20 years$2,722$2,202$1,767$1,408$1,115$406
21 years$2,565$2,051$1,625$1,278$998$341
22 years$2,423$1,914$1,498$1,162$895$287
23 years$2,293$1,790$1,383$1,058$803$242
24 years$2,174$1,677$1,279$965$722$204
25 years$2,065$1,574$1,184$881$649$172
26 years$1,964$1,479$1,098$806$585$145
27 years$1,871$1,392$1,020$737$527$122
28 years$1,785$1,312$948$676$476$103
29 years$1,705$1,238$882$620$430$87
30 years$1,630$1,169$822$569$388$73
31 years$1,561$1,105$766$522$351$62
32 years$1,496$1,046$715$480$318$52
33 years$1,434$990$668$441$287$44
34 years$1,377$938$624$406$260$37
35 years$1,323$890$583$374$236$32
36 years$1,272$845$546$344$214$27
37 years$1,224$802$511$317$194$23
38 years$1,179$763$478$292$175$19
39 years$1,136$725$448$270$159$16
40 years$1,095$690$420$249$144$14
41 years$1,056$657$394$229$131$12
42 years$1,020$625$369$212$119$10
43 years$985$596$347$195$108$8
44 years$952$568$325$180$98$7
45 years$920$542$305$167$89$6
46 years$890$517$287$154$81$5
47 years$861$493$270$142$73$4
48 years$834$471$253$131$67$4
49 years$807$450$238$121$60$3
50 years$782$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $801,000, adding $5,975 every year, while hoping to spend $42,497 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: 69/8/23 Blend
64$801,000$801,000$801,000$801,000
65$888,865$846,412$833,997$944,646
66$934,313$842,670$816,719$978,996
67$982,972$837,320$797,438$1,011,080
68$1,035,125$830,239$776,043$1,045,177
69$1,091,083$821,295$752,415$1,081,483
70$1,151,184$810,350$726,432$1,120,216
71$1,215,804$797,256$697,966$1,161,619
72$1,285,352$781,857$666,884$1,205,957
73$1,360,278$763,988$633,044$1,253,527
74$1,441,076$743,474$596,302$1,304,654
75$1,528,291$720,129$556,503$1,359,701
76$1,622,519$693,757$513,488$1,419,066
77$1,724,416$664,151$467,089$1,483,192
78$1,834,703$631,091$417,133$1,552,567
79$1,954,172$594,344$363,437$1,627,731
80$2,083,696$553,666$305,811$1,709,281
81$2,224,233$508,795$244,055$1,797,877
82$2,376,836$459,457$177,962$1,894,249
83$2,542,665$405,363$107,316$1,999,202
84$2,722,996$346,205$31,890$2,113,626
85$2,919,231$281,658$0$2,238,505
86$3,132,915$211,382$0$2,386,854
87$3,365,746$135,013$0$2,557,073
88$3,619,594$52,171$0$2,742,716
89$3,896,517$0$0$2,945,315
90$4,198,778$0$0$3,169,859
91$4,528,873$0$0$3,420,138
92$4,889,544$0$0$3,693,644
93$5,283,814$0$0$3,992,675
94$5,715,008$0$0$4,319,758
95$6,186,790$0$0$4,677,678
96$6,703,193$0$0$5,069,502
97$7,268,658$0$0$5,498,604
98$7,888,074$0$0$5,968,703
99$8,566,828$0$0$6,483,894
100$9,310,852$0$0$7,048,685