Can I retire at age 65 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$67,054$66,457$65,874$65,305$64,750$64,288
2 years$33,195$32,577$31,978$31,397$30,833$30,368
3 years$21,910$21,289$20,692$20,116$19,562$19,107
4 years$16,269$15,650$15,058$14,493$13,952$13,511
5 years$12,885$12,270$11,686$11,132$10,606$10,180
6 years$10,630$10,019$9,444$8,902$8,392$7,982
7 years$9,020$8,414$7,848$7,319$6,825$6,431
8 years$7,812$7,212$6,656$6,140$5,662$5,284
9 years$6,874$6,280$5,733$5,230$4,768$4,407
10 years$6,124$5,535$4,998$4,508$4,063$3,717
11 years$5,510$4,928$4,400$3,923$3,494$3,164
12 years$5,000$4,423$3,905$3,441$3,028$2,713
13 years$4,568$3,997$3,489$3,038$2,640$2,340
14 years$4,198$3,633$3,135$2,697$2,315$2,029
15 years$3,877$3,319$2,830$2,405$2,038$1,767
16 years$3,597$3,045$2,566$2,154$1,801$1,544
17 years$3,351$2,804$2,335$1,935$1,597$1,353
18 years$3,132$2,591$2,131$1,744$1,420$1,189
19 years$2,936$2,402$1,951$1,576$1,266$1,047
20 years$2,760$2,232$1,791$1,427$1,131$924
21 years$2,601$2,079$1,647$1,295$1,012$816
22 years$2,456$1,940$1,518$1,178$907$723
23 years$2,325$1,815$1,402$1,072$814$641
24 years$2,204$1,700$1,296$978$732$568
25 years$2,093$1,596$1,201$893$658$505
26 years$1,991$1,500$1,114$817$593$449
27 years$1,897$1,411$1,034$748$535$399
28 years$1,810$1,330$961$685$482$356
29 years$1,729$1,255$895$628$436$317
30 years$1,653$1,185$833$576$394$282
31 years$1,582$1,120$777$529$356$252
32 years$1,516$1,060$725$487$322$225
33 years$1,454$1,004$677$447$291$200
34 years$1,396$951$632$412$264$179
35 years$1,341$902$591$379$239$160
36 years$1,290$856$553$349$216$143
37 years$1,241$813$518$322$196$128
38 years$1,195$773$485$296$178$114
39 years$1,151$735$454$273$161$102
40 years$1,110$699$426$252$146$91
41 years$1,071$666$399$233$133$81
42 years$1,034$634$374$215$120$73
43 years$998$604$351$198$109$65
44 years$965$576$330$183$99$58
45 years$933$549$310$169$90$52
46 years$902$524$291$156$82$47
47 years$873$500$273$144$74$42
48 years$845$477$257$133$67$37
49 years$818$456$241$123$61$33
50 years$793$435$227$114$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $812,000, adding $5,307 every year, while hoping to spend $50,396 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: 20/50/30 Blend
64$812,000$812,000$812,000$812,000
65$900,298$857,262$844,676$909,651
66$938,508$845,647$819,352$907,375
67$978,925$831,774$791,490$900,461
68$1,021,724$815,478$760,953$891,975
69$1,067,090$796,587$727,595$881,821
70$1,115,230$774,917$691,267$869,903
71$1,166,368$750,273$651,809$856,119
72$1,220,750$722,448$609,057$840,364
73$1,278,644$691,226$562,838$822,530
74$1,340,345$656,375$512,972$802,504
75$1,406,175$617,652$459,271$780,171
76$1,476,486$574,799$401,538$755,414
77$1,551,666$527,542$339,568$728,110
78$1,632,138$475,594$273,146$698,136
79$1,718,368$418,650$202,048$665,365
80$1,810,866$356,388$126,041$629,668
81$1,910,191$288,468$44,880$590,914
82$2,016,958$214,530$0$548,972
83$2,131,840$134,195$0$517,068
84$2,255,579$47,061$0$497,908
85$2,388,987$0$0$477,069
86$2,532,959$0$0$480,534
87$2,688,474$0$0$512,361
88$2,856,613$0$0$546,893
89$3,038,559$0$0$584,389
90$3,235,618$0$0$625,133
91$3,449,221$0$0$669,439
92$3,680,944$0$0$717,652
93$3,932,519$0$0$770,150
94$4,205,853$0$0$827,350
95$4,503,042$0$0$889,713
96$4,826,392$0$0$957,742
97$5,178,441$0$0$1,031,995
98$5,561,982$0$0$1,113,083
99$5,980,087$0$0$1,201,681
100$6,436,138$0$0$1,298,531