Can I retire at age 65 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$66,394$65,802$65,225$64,662$64,112$62,110
2 years$32,868$32,256$31,663$31,088$30,530$28,530
3 years$21,694$21,080$20,488$19,918$19,369$17,435
4 years$16,109$15,496$14,910$14,350$13,814$11,961
5 years$12,758$12,149$11,571$11,022$10,501$8,733
6 years$10,525$9,920$9,351$8,814$8,309$6,628
7 years$8,931$8,331$7,771$7,247$6,758$5,163
8 years$7,736$7,141$6,590$6,079$5,606$4,097
9 years$6,806$6,218$5,676$5,178$4,721$3,296
10 years$6,063$5,481$4,949$4,464$4,023$2,680
11 years$5,456$4,879$4,357$3,885$3,460$2,196
12 years$4,950$4,379$3,866$3,407$2,998$1,812
13 years$4,523$3,958$3,454$3,008$2,614$1,502
14 years$4,156$3,597$3,104$2,670$2,292$1,250
15 years$3,839$3,286$2,802$2,381$2,018$1,044
16 years$3,562$3,015$2,541$2,132$1,783$875
17 years$3,318$2,777$2,312$1,916$1,581$735
18 years$3,101$2,566$2,110$1,727$1,406$618
19 years$2,907$2,378$1,932$1,560$1,253$521
20 years$2,733$2,210$1,773$1,413$1,119$439
21 years$2,575$2,058$1,631$1,282$1,002$371
22 years$2,432$1,921$1,503$1,166$898$314
23 years$2,302$1,797$1,388$1,062$806$265
24 years$2,182$1,684$1,284$969$724$225
25 years$2,073$1,580$1,189$884$652$190
26 years$1,972$1,485$1,103$809$587$161
27 years$1,878$1,398$1,024$740$529$137
28 years$1,792$1,317$952$678$478$116
29 years$1,712$1,242$886$622$431$98
30 years$1,637$1,173$825$571$390$83
31 years$1,567$1,109$769$524$352$71
32 years$1,501$1,049$718$482$319$60
33 years$1,440$994$670$443$288$51
34 years$1,382$942$626$408$261$43
35 years$1,328$893$585$375$237$37
36 years$1,277$848$548$346$214$31
37 years$1,229$805$513$318$194$27
38 years$1,183$765$480$293$176$23
39 years$1,140$728$450$271$160$19
40 years$1,099$692$421$250$145$16
41 years$1,060$659$395$230$131$14
42 years$1,024$628$371$213$119$12
43 years$989$598$348$196$108$10
44 years$955$570$327$181$98$8
45 years$924$544$307$167$89$7
46 years$893$519$288$155$81$6
47 years$864$495$271$143$74$5
48 years$837$473$254$132$67$4
49 years$810$451$239$122$61$4
50 years$785$431$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $804,000, adding $4,142 every year, while hoping to spend $32,970 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: 51/30/19 Blend
64$804,000$804,000$804,000$804,000
65$890,280$847,668$835,206$930,810
66$946,009$854,124$828,106$965,644
67$1,006,317$859,792$819,663$999,745
68$1,071,637$864,597$809,797$1,036,114
69$1,142,444$868,462$798,425$1,074,978
70$1,219,260$871,303$785,459$1,116,586
71$1,302,660$873,033$770,807$1,161,218
72$1,393,277$873,557$754,375$1,209,179
73$1,491,806$872,776$736,061$1,260,809
74$1,599,011$870,583$715,761$1,316,485
75$1,715,736$866,867$693,364$1,376,623
76$1,842,906$861,508$668,756$1,441,683
77$1,981,540$854,380$641,817$1,512,175
78$2,132,760$845,348$612,422$1,588,663
79$2,297,802$834,270$580,438$1,671,770
80$2,478,024$820,996$545,729$1,762,187
81$2,674,924$805,366$508,152$1,860,675
82$2,890,147$787,210$467,556$1,968,078
83$3,125,508$766,349$423,785$2,085,328
84$3,383,004$742,594$376,676$2,213,457
85$3,664,833$715,744$326,057$2,353,602
86$3,973,416$685,586$271,751$2,507,023
87$4,311,421$651,896$213,571$2,675,112
88$4,681,783$614,435$151,322$2,859,405
89$5,087,735$572,953$84,802$3,061,601
90$5,532,839$527,183$13,798$3,283,577
91$6,021,018$476,844$0$3,527,405
92$6,556,592$421,640$0$3,807,940
93$7,144,319$361,255$0$4,118,946
94$7,789,442$295,358$0$4,460,465
95$8,497,733$223,600$0$4,835,632
96$9,275,554$145,608$0$5,247,905
97$10,129,911$60,994$0$5,701,097
98$11,068,523$0$0$6,199,416
99$12,099,891$0$0$6,757,625
100$13,233,385$0$0$7,393,324