Can I retire at age 65 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,385$66,784$66,199$65,627$65,069$63,367
2 years$33,359$32,737$32,135$31,551$30,985$29,283
3 years$22,018$21,394$20,794$20,215$19,658$18,008
4 years$16,349$15,727$15,132$14,564$14,020$12,435
5 years$12,949$12,330$11,743$11,187$10,658$9,142
6 years$10,682$10,069$9,490$8,946$8,433$6,988
7 years$9,064$8,456$7,887$7,355$6,859$5,484
8 years$7,851$7,248$6,688$6,170$5,690$4,385
9 years$6,908$6,311$5,761$5,255$4,792$3,556
10 years$6,154$5,563$5,022$4,530$4,083$2,914
11 years$5,538$4,952$4,422$3,943$3,511$2,409
12 years$5,024$4,445$3,924$3,458$3,043$2,004
13 years$4,590$4,017$3,506$3,053$2,653$1,676
14 years$4,218$3,651$3,150$2,710$2,326$1,408
15 years$3,897$3,335$2,844$2,417$2,048$1,187
16 years$3,615$3,060$2,579$2,164$1,810$1,003
17 years$3,367$2,818$2,346$1,944$1,605$850
18 years$3,147$2,604$2,142$1,752$1,427$722
19 years$2,950$2,413$1,961$1,583$1,272$615
20 years$2,773$2,243$1,800$1,434$1,136$524
21 years$2,613$2,089$1,655$1,302$1,017$447
22 years$2,468$1,950$1,526$1,183$911$381
23 years$2,336$1,824$1,409$1,078$818$326
24 years$2,215$1,709$1,303$983$735$279
25 years$2,104$1,604$1,207$898$662$239
26 years$2,001$1,507$1,119$821$596$204
27 years$1,907$1,418$1,039$751$537$175
28 years$1,819$1,337$966$688$485$150
29 years$1,737$1,261$899$631$438$129
30 years$1,661$1,191$837$579$396$110
31 years$1,590$1,126$781$532$358$95
32 years$1,524$1,065$728$489$324$81
33 years$1,461$1,009$680$450$293$70
34 years$1,403$956$635$414$265$60
35 years$1,348$907$594$381$240$51
36 years$1,296$861$556$351$218$44
37 years$1,247$817$520$323$197$38
38 years$1,201$777$487$298$179$32
39 years$1,157$739$456$275$162$28
40 years$1,116$703$428$253$147$24
41 years$1,076$669$401$234$133$21
42 years$1,039$637$376$216$121$18
43 years$1,003$607$353$199$110$15
44 years$970$579$331$184$100$13
45 years$937$552$311$170$91$11
46 years$907$526$292$157$82$10
47 years$877$502$275$145$75$8
48 years$849$480$258$134$68$7
49 years$822$458$243$124$62$6
50 years$797$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $816,000, adding $6,864 every year, while hoping to spend $23,885 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: 67/8/25 Blend
64$816,000$816,000$816,000$816,000
65$906,312$863,064$850,416$960,750
66$973,343$879,941$853,492$1,015,073
67$1,046,410$896,844$855,870$1,071,118
68$1,126,104$913,750$857,502$1,131,867
69$1,213,075$930,632$858,336$1,197,782
70$1,308,038$947,463$858,321$1,269,377
71$1,411,782$964,212$857,398$1,347,215
72$1,525,173$980,848$855,510$1,431,919
73$1,649,165$997,334$852,594$1,524,176
74$1,784,810$1,013,633$848,586$1,624,740
75$1,933,264$1,029,705$843,418$1,734,446
76$2,095,803$1,045,506$837,018$1,854,213
77$2,273,829$1,060,990$829,312$1,985,053
78$2,468,888$1,076,107$820,222$2,128,084
79$2,682,681$1,090,803$809,667$2,284,535
80$2,917,083$1,105,021$797,559$2,455,765
81$3,174,159$1,118,700$783,810$2,643,270
82$3,456,181$1,131,775$768,326$2,848,697
83$3,765,655$1,144,175$751,008$3,073,866
84$4,105,339$1,155,826$731,754$3,320,781
85$4,478,271$1,166,650$710,456$3,591,650
86$4,887,800$1,176,561$687,001$3,888,909
87$5,337,612$1,185,469$661,272$4,215,243
88$5,831,769$1,193,278$633,145$4,573,611
89$6,374,747$1,199,885$602,493$4,967,276
90$6,971,474$1,205,183$569,180$5,399,833
91$7,627,383$1,209,056$533,066$5,875,246
92$8,348,456$1,211,379$494,004$6,397,886
93$9,141,286$1,212,024$451,840$6,972,569
94$10,013,135$1,210,851$406,415$7,604,603
95$10,972,005$1,207,713$357,559$8,299,843
96$12,026,711$1,202,453$305,100$9,064,738
97$13,186,968$1,194,906$248,853$9,906,400
98$14,463,478$1,184,895$188,628$10,832,666
99$15,868,032$1,172,233$124,226$11,852,176
100$17,413,622$1,156,724$55,439$12,974,452