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%14.8%
1 years$67,385$66,784$66,199$65,627$65,069$63,781
2 years$33,359$32,737$32,135$31,551$30,985$29,693
3 years$22,018$21,394$20,794$20,215$19,658$18,402
4 years$16,349$15,727$15,132$14,564$14,020$12,810
5 years$12,949$12,330$11,743$11,187$10,658$9,497
6 years$10,682$10,069$9,490$8,946$8,433$7,323
7 years$9,064$8,456$7,887$7,355$6,859$5,799
8 years$7,851$7,248$6,688$6,170$5,690$4,681
9 years$6,908$6,311$5,761$5,255$4,792$3,832
10 years$6,154$5,563$5,022$4,530$4,083$3,172
11 years$5,538$4,952$4,422$3,943$3,511$2,648
12 years$5,024$4,445$3,924$3,458$3,043$2,227
13 years$4,590$4,017$3,506$3,053$2,653$1,882
14 years$4,218$3,651$3,150$2,710$2,326$1,598
15 years$3,897$3,335$2,844$2,417$2,048$1,363
16 years$3,615$3,060$2,579$2,164$1,810$1,165
17 years$3,367$2,818$2,346$1,944$1,605$999
18 years$3,147$2,604$2,142$1,752$1,427$859
19 years$2,950$2,413$1,961$1,583$1,272$739
20 years$2,773$2,243$1,800$1,434$1,136$638
21 years$2,613$2,089$1,655$1,302$1,017$551
22 years$2,468$1,950$1,526$1,183$911$476
23 years$2,336$1,824$1,409$1,078$818$412
24 years$2,215$1,709$1,303$983$735$357
25 years$2,104$1,604$1,207$898$662$309
26 years$2,001$1,507$1,119$821$596$268
27 years$1,907$1,418$1,039$751$537$233
28 years$1,819$1,337$966$688$485$202
29 years$1,737$1,261$899$631$438$176
30 years$1,661$1,191$837$579$396$153
31 years$1,590$1,126$781$532$358$133
32 years$1,524$1,065$728$489$324$115
33 years$1,461$1,009$680$450$293$100
34 years$1,403$956$635$414$265$87
35 years$1,348$907$594$381$240$76
36 years$1,296$861$556$351$218$66
37 years$1,247$817$520$323$197$58
38 years$1,201$777$487$298$179$50
39 years$1,157$739$456$275$162$44
40 years$1,116$703$428$253$147$38
41 years$1,076$669$401$234$133$33
42 years$1,039$637$376$216$121$29
43 years$1,003$607$353$199$110$25
44 years$970$579$331$184$100$22
45 years$937$552$311$170$91$19
46 years$907$526$292$157$82$17
47 years$877$502$275$145$75$14
48 years$849$480$258$134$68$13
49 years$822$458$243$124$62$11
50 years$797$437$228$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $816,000, adding $5,696 every year, while hoping to spend $42,001 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: 37/49/14 Blend
64$816,000$816,000$816,000$816,000
65$905,107$861,859$849,211$934,535
66$952,740$859,402$832,971$953,703
67$1,003,823$855,416$814,779$969,944
68$1,058,664$849,783$794,526$986,576
69$1,117,602$842,376$772,096$1,003,654
70$1,181,006$833,061$747,370$1,021,243
71$1,249,283$821,696$720,222$1,039,419
72$1,322,882$808,131$690,521$1,058,267
73$1,402,291$792,205$658,130$1,077,885
74$1,488,052$773,750$622,904$1,098,387
75$1,580,756$752,586$584,693$1,119,899
76$1,681,055$728,525$543,342$1,142,567
77$1,789,664$701,365$498,686$1,166,557
78$1,907,372$670,894$450,555$1,192,056
79$2,035,044$636,887$398,768$1,219,276
80$2,173,631$599,107$343,140$1,248,456
81$2,324,182$557,304$283,475$1,279,865
82$2,487,846$511,210$219,569$1,313,808
83$2,665,893$460,545$151,211$1,350,625
84$2,859,715$405,013$78,178$1,390,702
85$3,070,847$344,300$238$1,434,468
86$3,300,977$278,074$0$1,482,407
87$3,551,963$205,986$0$1,547,449
88$3,825,849$127,665$0$1,618,654
89$4,124,887$42,722$0$1,696,704
90$4,451,553$0$0$1,782,397
91$4,808,577$0$0$1,903,179
92$5,198,960$0$0$2,060,544
93$5,626,009$0$0$2,232,801
94$6,093,365$0$0$2,421,435
95$6,605,037$0$0$2,628,077
96$7,165,439$0$0$2,854,526
97$7,779,433$0$0$3,102,762
98$8,452,372$0$0$3,374,966
99$9,190,153$0$0$3,673,539
100$9,999,271$0$0$4,001,129