Can I retire at age 65 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$66,806$66,211$65,631$65,064$64,511$63,864
2 years$33,073$32,457$31,860$31,281$30,719$30,068
3 years$21,829$21,211$20,615$20,042$19,490$18,853
4 years$16,209$15,592$15,003$14,439$13,900$13,284
5 years$12,837$12,224$11,643$11,091$10,567$9,973
6 years$10,591$9,982$9,409$8,869$8,361$7,791
7 years$8,986$8,383$7,819$7,292$6,800$6,253
8 years$7,784$7,186$6,631$6,117$5,641$5,117
9 years$6,849$6,257$5,711$5,210$4,751$4,250
10 years$6,101$5,515$4,979$4,491$4,048$3,569
11 years$5,490$4,910$4,384$3,909$3,481$3,025
12 years$4,981$4,407$3,890$3,429$3,017$2,583
13 years$4,551$3,982$3,476$3,027$2,631$2,218
14 years$4,182$3,620$3,123$2,687$2,306$1,914
15 years$3,863$3,307$2,820$2,396$2,030$1,659
16 years$3,584$3,034$2,556$2,146$1,794$1,442
17 years$3,338$2,794$2,326$1,928$1,591$1,258
18 years$3,120$2,582$2,124$1,737$1,415$1,100
19 years$2,925$2,393$1,944$1,570$1,261$964
20 years$2,750$2,223$1,784$1,422$1,126$846
21 years$2,591$2,071$1,641$1,290$1,008$744
22 years$2,447$1,933$1,512$1,173$903$655
23 years$2,316$1,808$1,397$1,068$811$578
24 years$2,196$1,694$1,292$975$729$510
25 years$2,086$1,590$1,196$890$656$450
26 years$1,984$1,494$1,109$814$591$398
27 years$1,890$1,406$1,030$745$533$352
28 years$1,803$1,325$958$682$481$312
29 years$1,722$1,250$891$626$434$276
30 years$1,647$1,181$830$574$392$245
31 years$1,576$1,116$774$527$355$217
32 years$1,511$1,056$722$485$321$193
33 years$1,449$1,000$674$446$290$171
34 years$1,391$948$630$410$263$152
35 years$1,336$899$589$378$238$135
36 years$1,285$853$551$348$216$120
37 years$1,236$810$516$320$195$106
38 years$1,191$770$483$295$177$94
39 years$1,147$732$452$272$161$84
40 years$1,106$697$424$251$146$74
41 years$1,067$663$398$232$132$66
42 years$1,030$632$373$214$120$59
43 years$995$602$350$197$109$52
44 years$961$574$329$182$99$47
45 years$929$547$308$168$90$41
46 years$899$522$290$155$81$37
47 years$870$498$272$144$74$33
48 years$842$475$256$133$67$29
49 years$815$454$240$123$61$26
50 years$790$434$226$113$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $809,000, adding $6,756 every year, while hoping to spend $37,020 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: 37/45/18 Blend
64$809,000$809,000$809,000$809,000
65$898,487$855,610$843,070$926,617
66$950,743$858,146$831,924$950,099
67$1,007,090$859,565$819,164$971,452
68$1,067,903$859,774$804,696$993,739
69$1,133,599$858,673$788,424$1,017,067
70$1,204,635$856,157$770,245$1,041,550
71$1,281,512$852,113$750,052$1,067,323
72$1,364,781$846,421$727,733$1,094,532
73$1,455,049$838,956$703,173$1,123,344
74$1,552,983$829,584$676,248$1,153,944
75$1,659,316$818,162$646,831$1,186,540
76$1,774,855$804,541$614,789$1,221,367
77$1,900,487$788,560$579,981$1,258,685
78$2,037,188$770,051$542,261$1,298,784
79$2,186,032$748,834$501,478$1,341,990
80$2,348,202$724,722$457,472$1,388,666
81$2,524,997$697,512$410,077$1,439,218
82$2,717,850$666,993$359,117$1,494,095
83$2,928,336$632,941$304,413$1,553,802
84$3,158,190$595,118$245,774$1,618,898
85$3,409,320$553,274$183,002$1,690,007
86$3,683,829$507,143$115,891$1,767,821
87$3,984,030$456,444$44,224$1,853,112
88$4,312,472$400,880$0$1,946,738
89$4,671,961$340,140$0$2,055,846
90$5,065,585$273,891$0$2,184,765
91$5,496,748$201,784$0$2,326,215
92$5,969,194$123,450$0$2,481,549
93$6,487,052$38,499$0$2,652,265
94$7,054,864$0$0$2,840,020
95$7,677,636$0$0$3,073,134
96$8,360,881$0$0$3,349,914
97$9,110,671$0$0$3,653,770
98$9,933,694$0$0$3,987,428
99$10,837,319$0$0$4,353,889
100$11,829,660$0$0$4,756,462