Can I retire at age 65 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$67,219$66,621$66,036$65,466$64,910$63,263
2 years$33,277$32,657$32,057$31,474$30,909$29,261
3 years$21,964$21,342$20,743$20,166$19,610$18,012
4 years$16,309$15,688$15,095$14,528$13,986$12,450
5 years$12,917$12,300$11,715$11,159$10,632$9,163
6 years$10,656$10,044$9,467$8,924$8,413$7,011
7 years$9,042$8,435$7,867$7,337$6,842$5,509
8 years$7,832$7,230$6,672$6,155$5,676$4,410
9 years$6,891$6,295$5,747$5,243$4,780$3,580
10 years$6,139$5,549$5,010$4,519$4,073$2,938
11 years$5,524$4,940$4,411$3,933$3,503$2,431
12 years$5,012$4,434$3,914$3,450$3,035$2,025
13 years$4,579$4,007$3,497$3,046$2,647$1,696
14 years$4,208$3,642$3,142$2,704$2,320$1,427
15 years$3,887$3,327$2,837$2,411$2,043$1,205
16 years$3,606$3,053$2,572$2,159$1,806$1,020
17 years$3,359$2,811$2,341$1,940$1,601$866
18 years$3,139$2,598$2,137$1,748$1,423$736
19 years$2,943$2,408$1,956$1,580$1,269$627
20 years$2,767$2,237$1,795$1,431$1,133$535
21 years$2,607$2,084$1,651$1,298$1,014$457
22 years$2,462$1,945$1,522$1,180$909$391
23 years$2,330$1,819$1,405$1,075$816$335
24 years$2,210$1,705$1,300$981$733$287
25 years$2,099$1,600$1,204$895$660$246
26 years$1,996$1,503$1,116$819$595$211
27 years$1,902$1,415$1,037$749$536$181
28 years$1,814$1,333$964$687$484$155
29 years$1,733$1,258$897$630$437$133
30 years$1,657$1,188$835$578$395$115
31 years$1,586$1,123$779$531$357$98
32 years$1,520$1,063$727$488$323$85
33 years$1,458$1,006$678$449$292$73
34 years$1,399$954$634$413$264$63
35 years$1,345$905$593$380$239$54
36 years$1,293$859$554$350$217$46
37 years$1,244$815$519$322$197$40
38 years$1,198$775$486$297$178$34
39 years$1,154$737$455$274$162$29
40 years$1,113$701$427$253$147$25
41 years$1,074$667$400$233$133$22
42 years$1,036$636$375$215$121$19
43 years$1,001$606$352$199$110$16
44 years$967$577$331$183$99$14
45 years$935$550$310$169$90$12
46 years$904$525$292$156$82$10
47 years$875$501$274$145$74$9
48 years$847$478$257$134$68$8
49 years$820$457$242$123$61$7
50 years$795$436$227$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $814,000, adding $5,575 every year, while hoping to spend $32,481 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: 83/11/6 Blend
64$814,000$814,000$814,000$814,000
65$902,779$859,637$847,020$976,923
66$960,302$867,199$840,835$1,033,738
67$1,022,605$874,044$833,355$1,091,150
68$1,090,140$880,101$824,501$1,153,175
69$1,163,405$885,297$814,193$1,220,254
70$1,242,948$889,552$802,344$1,292,875
71$1,329,372$892,783$788,866$1,371,575
72$1,423,340$894,902$773,665$1,456,942
73$1,525,582$895,813$756,644$1,549,629
74$1,636,900$895,416$737,700$1,650,351
75$1,758,176$893,605$716,726$1,759,897
76$1,890,385$890,266$693,611$1,879,136
77$2,034,593$885,278$668,236$2,009,026
78$2,191,980$878,515$640,480$2,150,621
79$2,363,841$869,841$610,215$2,305,083
80$2,551,603$859,113$577,307$2,473,692
81$2,756,835$846,179$541,616$2,657,859
82$2,981,268$830,877$502,996$2,859,138
83$3,226,805$813,038$461,294$3,079,241
84$3,495,542$792,480$416,350$3,320,055
85$3,789,788$769,012$367,999$3,583,659
86$4,112,085$742,432$316,065$3,872,344
87$4,465,231$712,525$260,367$4,188,635
88$4,852,311$679,065$200,715$4,535,313
89$5,276,719$641,811$136,912$4,915,445
90$5,742,195$600,511$68,749$5,332,409
91$6,252,858$554,895$0$5,789,929
92$6,813,245$504,680$0$6,292,363
93$7,428,352$449,566$0$6,848,692
94$8,103,686$389,237$0$7,459,507
95$8,845,310$323,357$0$8,130,316
96$9,659,903$251,573$0$8,867,189
97$10,554,825$173,511$0$9,676,814
98$11,538,181$88,778$0$10,566,558
99$12,618,902$0$0$11,544,544
100$13,806,828$0$0$12,620,087