Can I retire at age 65 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$66,724$66,130$65,550$64,984$64,431$63,945
2 years$33,032$32,416$31,820$31,242$30,681$30,191
3 years$21,802$21,185$20,590$20,017$19,466$18,986
4 years$16,189$15,573$14,984$14,421$13,883$13,419
5 years$12,822$12,209$11,628$11,077$10,554$10,106
6 years$10,577$9,970$9,397$8,858$8,351$7,920
7 years$8,975$8,373$7,809$7,283$6,791$6,377
8 years$7,774$7,177$6,623$6,109$5,634$5,237
9 years$6,840$6,249$5,704$5,204$4,745$4,364
10 years$6,094$5,508$4,973$4,486$4,043$3,679
11 years$5,483$4,903$4,378$3,904$3,477$3,130
12 years$4,975$4,401$3,886$3,424$3,013$2,682
13 years$4,545$3,977$3,472$3,023$2,627$2,312
14 years$4,177$3,615$3,119$2,684$2,303$2,003
15 years$3,858$3,303$2,816$2,393$2,028$1,743
16 years$3,580$3,030$2,553$2,143$1,792$1,522
17 years$3,334$2,791$2,323$1,925$1,589$1,333
18 years$3,116$2,579$2,121$1,735$1,413$1,170
19 years$2,921$2,390$1,942$1,568$1,259$1,030
20 years$2,746$2,221$1,782$1,420$1,125$908
21 years$2,588$2,069$1,639$1,289$1,007$802
22 years$2,444$1,931$1,511$1,172$902$710
23 years$2,313$1,806$1,395$1,067$810$628
24 years$2,193$1,692$1,290$973$728$557
25 years$2,083$1,588$1,195$889$655$495
26 years$1,982$1,492$1,108$813$590$439
27 years$1,888$1,404$1,029$744$532$391
28 years$1,801$1,323$957$682$480$347
29 years$1,720$1,249$890$625$433$309
30 years$1,645$1,179$829$574$392$275
31 years$1,574$1,115$773$527$354$245
32 years$1,509$1,055$721$484$320$219
33 years$1,447$999$673$445$290$195
34 years$1,389$947$629$410$262$174
35 years$1,335$898$588$377$238$155
36 years$1,283$852$550$347$215$139
37 years$1,235$809$515$320$195$124
38 years$1,189$769$482$295$177$110
39 years$1,146$731$452$272$160$99
40 years$1,105$696$424$251$146$88
41 years$1,066$662$397$231$132$79
42 years$1,029$631$373$214$120$70
43 years$994$601$350$197$109$63
44 years$960$573$328$182$99$56
45 years$928$546$308$168$90$50
46 years$898$521$289$155$81$45
47 years$869$497$272$143$74$40
48 years$841$475$255$133$67$36
49 years$814$453$240$123$61$32
50 years$789$433$226$113$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $808,000, adding $4,408 every year, while hoping to spend $58,432 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: 75/6/19 Blend
64$808,000$808,000$808,000$808,000
65$894,963$852,139$839,615$957,801
66$924,078$831,722$805,571$979,619
67$954,204$808,347$768,428$995,922
68$985,383$781,807$728,020$1,012,260
69$1,017,659$751,882$684,176$1,028,622
70$1,051,078$718,341$636,713$1,044,995
71$1,085,688$680,940$585,443$1,061,369
72$1,121,541$639,420$530,169$1,077,731
73$1,158,693$593,505$470,684$1,094,069
74$1,197,201$542,908$406,773$1,110,370
75$1,237,126$487,322$338,211$1,126,622
76$1,278,535$426,423$264,763$1,142,813
77$1,321,498$359,870$186,185$1,158,932
78$1,366,088$287,301$102,219$1,174,966
79$1,412,385$208,334$12,599$1,190,906
80$1,460,473$122,568$0$1,206,741
81$1,510,443$29,575$0$1,239,297
82$1,562,391$0$0$1,275,552
83$1,616,422$0$0$1,317,697
84$1,672,645$0$0$1,363,590
85$1,731,181$0$0$1,411,376
86$1,792,157$0$0$1,461,161
87$1,855,712$0$0$1,513,057
88$1,921,992$0$0$1,567,186
89$1,991,159$0$0$1,623,680
90$2,063,384$0$0$1,682,680
91$2,138,853$0$0$1,744,340
92$2,217,768$0$0$1,808,826
93$2,300,346$0$0$1,876,316
94$2,386,823$0$0$1,947,003
95$2,477,453$0$0$2,021,099
96$2,572,513$0$0$2,098,831
97$2,672,304$0$0$2,180,447
98$2,777,151$0$0$2,266,214
99$2,887,409$0$0$2,356,426
100$3,003,464$0$0$2,451,400