Can I retire at age 65 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$66,228$65,638$65,063$64,501$63,953$62,636
2 years$32,786$32,176$31,584$31,010$30,454$29,133
3 years$21,640$21,027$20,437$19,869$19,321$18,038
4 years$16,069$15,457$14,873$14,314$13,780$12,544
5 years$12,726$12,119$11,542$10,995$10,475$9,290
6 years$10,499$9,896$9,328$8,792$8,289$7,155
7 years$8,909$8,310$7,751$7,229$6,741$5,660
8 years$7,716$7,124$6,574$6,064$5,592$4,563
9 years$6,789$6,202$5,662$5,165$4,710$3,731
10 years$6,048$5,467$4,936$4,452$4,013$3,085
11 years$5,443$4,867$4,346$3,875$3,451$2,572
12 years$4,938$4,368$3,857$3,399$2,991$2,160
13 years$4,511$3,948$3,446$3,001$2,608$1,823
14 years$4,146$3,588$3,096$2,664$2,286$1,546
15 years$3,830$3,278$2,795$2,376$2,013$1,316
16 years$3,553$3,008$2,534$2,127$1,779$1,124
17 years$3,309$2,770$2,306$1,911$1,577$963
18 years$3,093$2,559$2,105$1,722$1,402$826
19 years$2,900$2,372$1,927$1,556$1,250$710
20 years$2,726$2,204$1,769$1,409$1,117$611
21 years$2,569$2,053$1,627$1,279$999$527
22 years$2,426$1,917$1,499$1,163$896$455
23 years$2,296$1,793$1,384$1,059$804$393
24 years$2,177$1,679$1,280$966$723$340
25 years$2,068$1,576$1,186$882$650$294
26 years$1,967$1,481$1,100$807$586$255
27 years$1,874$1,394$1,021$738$528$221
28 years$1,787$1,314$949$677$477$191
29 years$1,707$1,239$884$620$430$166
30 years$1,633$1,170$823$569$389$144
31 years$1,563$1,106$767$523$351$125
32 years$1,497$1,047$716$481$318$109
33 years$1,436$991$668$442$288$94
34 years$1,379$940$625$407$261$82
35 years$1,325$891$584$374$236$71
36 years$1,274$846$546$345$214$62
37 years$1,226$803$511$318$194$54
38 years$1,180$764$479$293$176$47
39 years$1,137$726$449$270$159$41
40 years$1,096$691$420$249$144$35
41 years$1,058$658$394$230$131$31
42 years$1,021$626$370$212$119$27
43 years$986$597$347$196$108$23
44 years$953$569$326$181$98$20
45 years$921$542$306$167$89$17
46 years$891$517$287$154$81$15
47 years$862$494$270$142$73$13
48 years$835$471$254$132$67$11
49 years$808$450$238$122$60$10
50 years$783$430$224$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $802,000, adding $3,225 every year, while hoping to spend $38,442 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: 47/43/10 Blend
64$802,000$802,000$802,000$802,000
65$887,131$844,625$832,194$926,232
66$936,716$845,109$819,170$953,987
67$990,071$844,329$804,422$979,839
68$1,047,538$842,182$787,851$1,007,018
69$1,109,497$838,559$769,353$1,035,662
70$1,176,361$833,344$748,822$1,065,922
71$1,248,587$826,415$726,145$1,097,967
72$1,326,676$817,641$701,203$1,131,986
73$1,411,177$806,887$673,874$1,168,190
74$1,502,697$794,004$644,029$1,206,812
75$1,601,901$778,839$611,533$1,248,114
76$1,709,520$761,227$576,244$1,292,386
77$1,826,360$740,996$538,017$1,339,953
78$1,953,305$717,961$496,697$1,391,173
79$2,091,329$691,928$452,123$1,446,447
80$2,241,503$662,691$404,128$1,506,220
81$2,405,006$630,032$352,536$1,570,985
82$2,583,135$593,722$297,164$1,641,292
83$2,777,316$553,516$237,821$1,717,751
84$2,989,122$509,158$174,307$1,801,038
85$3,220,279$460,374$106,413$1,891,905
86$3,472,693$406,877$33,923$1,991,186
87$3,748,456$348,363$0$2,099,804
88$4,049,877$284,510$0$2,223,419
89$4,379,493$214,980$0$2,362,699
90$4,740,101$139,414$0$2,515,305
91$5,134,778$57,432$0$2,682,661
92$5,566,915$0$0$2,866,342
93$6,040,245$0$0$3,082,932
94$6,558,877$0$0$3,350,117
95$7,127,339$0$0$3,643,066
96$7,750,618$0$0$3,964,360
97$8,434,204$0$0$4,316,842
98$9,184,146$0$0$4,703,643
99$10,007,106$0$0$5,128,211
100$10,910,422$0$0$5,594,346