Can I retire at age 65 with 816,000?

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 $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%14.1%
1 years$67,385$66,784$66,199$65,627$65,069$63,965
2 years$33,359$32,737$32,135$31,551$30,985$29,876
3 years$22,018$21,394$20,794$20,215$19,658$18,579
4 years$16,349$15,727$15,132$14,564$14,020$12,979
5 years$12,949$12,330$11,743$11,187$10,658$9,658
6 years$10,682$10,069$9,490$8,946$8,433$7,475
7 years$9,064$8,456$7,887$7,355$6,859$5,943
8 years$7,851$7,248$6,688$6,170$5,690$4,816
9 years$6,908$6,311$5,761$5,255$4,792$3,960
10 years$6,154$5,563$5,022$4,530$4,083$3,292
11 years$5,538$4,952$4,422$3,943$3,511$2,760
12 years$5,024$4,445$3,924$3,458$3,043$2,331
13 years$4,590$4,017$3,506$3,053$2,653$1,980
14 years$4,218$3,651$3,150$2,710$2,326$1,689
15 years$3,897$3,335$2,844$2,417$2,048$1,447
16 years$3,615$3,060$2,579$2,164$1,810$1,244
17 years$3,367$2,818$2,346$1,944$1,605$1,072
18 years$3,147$2,604$2,142$1,752$1,427$926
19 years$2,950$2,413$1,961$1,583$1,272$801
20 years$2,773$2,243$1,800$1,434$1,136$694
21 years$2,613$2,089$1,655$1,302$1,017$603
22 years$2,468$1,950$1,526$1,183$911$524
23 years$2,336$1,824$1,409$1,078$818$456
24 years$2,215$1,709$1,303$983$735$397
25 years$2,104$1,604$1,207$898$662$346
26 years$2,001$1,507$1,119$821$596$302
27 years$1,907$1,418$1,039$751$537$264
28 years$1,819$1,337$966$688$485$230
29 years$1,737$1,261$899$631$438$201
30 years$1,661$1,191$837$579$396$176
31 years$1,590$1,126$781$532$358$154
32 years$1,524$1,065$728$489$324$134
33 years$1,461$1,009$680$450$293$118
34 years$1,403$956$635$414$265$103
35 years$1,348$907$594$381$240$90
36 years$1,296$861$556$351$218$79
37 years$1,247$817$520$323$197$69
38 years$1,201$777$487$298$179$60
39 years$1,157$739$456$275$162$53
40 years$1,116$703$428$253$147$46
41 years$1,076$669$401$234$133$41
42 years$1,039$637$376$216$121$36
43 years$1,003$607$353$199$110$31
44 years$970$579$331$184$100$27
45 years$937$552$311$170$91$24
46 years$907$526$292$157$82$21
47 years$877$502$275$145$75$18
48 years$849$480$258$134$68$16
49 years$822$458$243$124$62$14
50 years$797$437$228$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $816,000, adding $3,482 every year, while hoping to spend $20,294 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: 61/23/16 Blend
64$816,000$816,000$816,000$816,000
65$902,824$859,576$846,928$954,051
66$973,319$880,102$853,707$1,009,498
67$1,050,325$900,954$860,033$1,067,394
68$1,134,483$922,127$865,870$1,130,096
69$1,226,503$943,613$871,179$1,198,072
70$1,327,161$965,405$875,919$1,271,837
71$1,437,317$987,496$880,047$1,351,959
72$1,557,915$1,009,874$883,520$1,439,063
73$1,689,994$1,032,530$886,290$1,533,838
74$1,834,700$1,055,450$888,307$1,637,043
75$1,993,294$1,078,622$889,521$1,749,513
76$2,167,166$1,102,031$889,875$1,872,171
77$2,357,846$1,125,659$889,315$2,006,031
78$2,567,018$1,149,488$887,778$2,152,211
79$2,796,538$1,173,497$885,204$2,311,944
80$3,048,452$1,197,666$881,525$2,486,589
81$3,325,011$1,221,968$876,673$2,677,641
82$3,628,696$1,246,379$870,575$2,886,751
83$3,962,240$1,270,868$863,156$3,115,735
84$4,328,653$1,295,405$854,336$3,366,598
85$4,731,251$1,319,955$844,032$3,641,545
86$5,173,688$1,344,482$832,157$3,943,011
87$5,659,989$1,368,947$818,619$4,273,676
88$6,194,588$1,393,306$803,323$4,636,495
89$6,782,370$1,417,512$786,169$5,034,724
90$7,428,719$1,441,517$767,052$5,471,952
91$8,139,562$1,465,266$745,863$5,952,134
92$8,921,436$1,488,701$722,487$6,479,630
93$9,781,536$1,511,762$696,805$7,059,244
94$10,727,796$1,534,381$668,691$7,696,271
95$11,768,953$1,556,488$638,014$8,396,547
96$12,914,637$1,578,006$604,637$9,166,503
97$14,175,455$1,598,854$568,418$10,013,227
98$15,563,098$1,618,944$529,207$10,944,532
99$17,090,446$1,638,184$486,847$11,969,027
100$18,771,690$1,656,474$441,175$13,096,203