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%19.2%
1 years$66,228$65,638$65,063$64,501$63,953$61,586
2 years$32,786$32,176$31,584$31,010$30,454$28,096
3 years$21,640$21,027$20,437$19,869$19,321$17,046
4 years$16,069$15,457$14,873$14,314$13,780$11,606
5 years$12,726$12,119$11,542$10,995$10,475$8,407
6 years$10,499$9,896$9,328$8,792$8,289$6,328
7 years$8,909$8,310$7,751$7,229$6,741$4,888
8 years$7,716$7,124$6,574$6,064$5,592$3,844
9 years$6,789$6,202$5,662$5,165$4,710$3,065
10 years$6,048$5,467$4,936$4,452$4,013$2,468
11 years$5,443$4,867$4,346$3,875$3,451$2,003
12 years$4,938$4,368$3,857$3,399$2,991$1,636
13 years$4,511$3,948$3,446$3,001$2,608$1,342
14 years$4,146$3,588$3,096$2,664$2,286$1,106
15 years$3,830$3,278$2,795$2,376$2,013$914
16 years$3,553$3,008$2,534$2,127$1,779$757
17 years$3,309$2,770$2,306$1,911$1,577$629
18 years$3,093$2,559$2,105$1,722$1,402$523
19 years$2,900$2,372$1,927$1,556$1,250$436
20 years$2,726$2,204$1,769$1,409$1,117$363
21 years$2,569$2,053$1,627$1,279$999$303
22 years$2,426$1,917$1,499$1,163$896$253
23 years$2,296$1,793$1,384$1,059$804$212
24 years$2,177$1,679$1,280$966$723$177
25 years$2,068$1,576$1,186$882$650$148
26 years$1,967$1,481$1,100$807$586$124
27 years$1,874$1,394$1,021$738$528$104
28 years$1,787$1,314$949$677$477$87
29 years$1,707$1,239$884$620$430$73
30 years$1,633$1,170$823$569$389$61
31 years$1,563$1,106$767$523$351$51
32 years$1,497$1,047$716$481$318$43
33 years$1,436$991$668$442$288$36
34 years$1,379$940$625$407$261$30
35 years$1,325$891$584$374$236$25
36 years$1,274$846$546$345$214$21
37 years$1,226$803$511$318$194$18
38 years$1,180$764$479$293$176$15
39 years$1,137$726$449$270$159$13
40 years$1,096$691$420$249$144$11
41 years$1,058$658$394$230$131$9
42 years$1,021$626$370$212$119$7
43 years$986$597$347$196$108$6
44 years$953$569$326$181$98$5
45 years$921$542$306$167$89$4
46 years$891$517$287$154$81$4
47 years$862$494$270$142$73$3
48 years$835$471$254$132$67$3
49 years$808$450$238$122$60$2
50 years$783$430$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 $802,000, adding $6,527 every year, while hoping to spend $44,540 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: 62/27/11 Blend
64$802,000$802,000$802,000$802,000
65$890,537$848,031$835,600$943,093
66$933,981$842,194$816,202$973,256
67$980,364$834,578$794,662$1,000,461
68$1,029,939$825,050$770,860$1,029,051
69$1,082,981$813,466$744,673$1,059,161
70$1,139,796$799,677$715,970$1,090,942
71$1,200,715$783,521$684,615$1,124,560
72$1,266,106$764,831$650,467$1,160,201
73$1,336,368$743,427$613,377$1,198,072
74$1,411,942$719,120$573,190$1,238,403
75$1,493,311$691,708$529,743$1,281,448
76$1,581,007$660,979$482,867$1,327,491
77$1,675,612$626,710$432,386$1,376,847
78$1,777,767$588,661$378,113$1,429,865
79$1,888,176$546,582$319,857$1,486,933
80$2,007,612$500,207$257,415$1,548,483
81$2,136,927$449,256$190,576$1,614,991
82$2,277,055$393,430$119,122$1,686,988
83$2,429,024$332,418$42,822$1,765,061
84$2,593,964$265,886$0$1,849,861
85$2,773,120$193,486$0$1,946,643
86$2,967,858$114,847$0$2,057,333
87$3,179,684$29,579$0$2,177,817
88$3,410,253$0$0$2,309,110
89$3,661,387$0$0$2,470,971
90$3,935,090$0$0$2,657,011
91$4,233,568$0$0$2,859,948
92$4,559,249$0$0$3,081,440
93$4,914,807$0$0$3,323,312
94$5,303,183$0$0$3,587,573
95$5,727,615$0$0$3,876,436
96$6,191,670$0$0$4,192,334
97$6,699,274$0$0$4,537,951
98$7,254,749$0$0$4,916,237
99$7,862,855$0$0$5,330,443
100$8,528,834$0$0$5,784,151