Can I retire at age 65 with 814,000?

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 $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%11.1%
1 years$67,219$66,621$66,036$65,466$64,910$64,609
2 years$33,277$32,657$32,057$31,474$30,909$30,606
3 years$21,964$21,342$20,743$20,166$19,610$19,313
4 years$16,309$15,688$15,095$14,528$13,986$13,698
5 years$12,917$12,300$11,715$11,159$10,632$10,354
6 years$10,656$10,044$9,467$8,924$8,413$8,144
7 years$9,042$8,435$7,867$7,337$6,842$6,584
8 years$7,832$7,230$6,672$6,155$5,676$5,428
9 years$6,891$6,295$5,747$5,243$4,780$4,542
10 years$6,139$5,549$5,010$4,519$4,073$3,845
11 years$5,524$4,940$4,411$3,933$3,503$3,285
12 years$5,012$4,434$3,914$3,450$3,035$2,827
13 years$4,579$4,007$3,497$3,046$2,647$2,448
14 years$4,208$3,642$3,142$2,704$2,320$2,131
15 years$3,887$3,327$2,837$2,411$2,043$1,863
16 years$3,606$3,053$2,572$2,159$1,806$1,634
17 years$3,359$2,811$2,341$1,940$1,601$1,438
18 years$3,139$2,598$2,137$1,748$1,423$1,269
19 years$2,943$2,408$1,956$1,580$1,269$1,123
20 years$2,767$2,237$1,795$1,431$1,133$995
21 years$2,607$2,084$1,651$1,298$1,014$883
22 years$2,462$1,945$1,522$1,180$909$785
23 years$2,330$1,819$1,405$1,075$816$699
24 years$2,210$1,705$1,300$981$733$623
25 years$2,099$1,600$1,204$895$660$556
26 years$1,996$1,503$1,116$819$595$497
27 years$1,902$1,415$1,037$749$536$444
28 years$1,814$1,333$964$687$484$397
29 years$1,733$1,258$897$630$437$356
30 years$1,657$1,188$835$578$395$318
31 years$1,586$1,123$779$531$357$285
32 years$1,520$1,063$727$488$323$256
33 years$1,458$1,006$678$449$292$229
34 years$1,399$954$634$413$264$206
35 years$1,345$905$593$380$239$185
36 years$1,293$859$554$350$217$166
37 years$1,244$815$519$322$197$149
38 years$1,198$775$486$297$178$134
39 years$1,154$737$455$274$162$120
40 years$1,113$701$427$253$147$108
41 years$1,074$667$400$233$133$97
42 years$1,036$636$375$215$121$87
43 years$1,001$606$352$199$110$78
44 years$967$577$331$183$99$71
45 years$935$550$310$169$90$63
46 years$904$525$292$156$82$57
47 years$875$501$274$145$74$51
48 years$847$478$257$134$68$46
49 years$820$457$242$123$61$42
50 years$795$436$227$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $814,000, adding $5,076 every year, while hoping to spend $59,687 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: 49/36/15 Blend
64$814,000$814,000$814,000$814,000
65$902,264$859,122$846,505$942,492
66$930,788$837,712$811,356$949,355
67$960,222$813,253$773,030$950,215
68$990,594$785,532$731,356$949,836
69$1,021,936$754,324$686,157$948,123
70$1,054,279$719,392$637,249$944,973
71$1,087,656$680,483$584,438$940,280
72$1,122,102$637,332$527,522$933,930
73$1,157,651$589,656$466,289$925,805
74$1,194,342$537,159$400,519$915,777
75$1,232,211$479,526$329,983$903,712
76$1,271,298$416,424$254,439$889,469
77$1,311,644$347,503$173,636$872,899
78$1,353,291$272,390$87,313$853,845
79$1,396,284$190,695$0$832,139
80$1,440,669$102,002$0$808,376
81$1,486,492$5,876$0$796,564
82$1,533,804$0$0$782,567
83$1,582,657$0$0$805,107
84$1,633,103$0$0$830,787
85$1,685,198$0$0$857,310
86$1,739,001$0$0$884,703
87$1,794,572$0$0$913,000
88$1,851,975$0$0$942,231
89$1,911,275$0$0$972,431
90$1,972,541$0$0$1,003,635
91$2,035,844$0$0$1,035,881
92$2,101,262$0$0$1,069,207
93$2,168,871$0$0$1,103,653
94$2,238,755$0$0$1,139,263
95$2,311,000$0$0$1,176,081
96$2,385,696$0$0$1,214,153
97$2,462,939$0$0$1,253,529
98$2,542,829$0$0$1,294,261
99$2,625,470$0$0$1,336,403
100$2,710,974$0$0$1,380,013