Can I retire at age 65 with 817,000?

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 $817,000?

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$67,467$66,866$66,280$65,708$65,149$63,445
2 years$33,400$32,778$32,175$31,590$31,023$29,318
3 years$22,045$21,420$20,819$20,240$19,682$18,030
4 years$16,369$15,746$15,151$14,582$14,038$12,450
5 years$12,964$12,345$11,758$11,200$10,671$9,153
6 years$10,695$10,081$9,502$8,957$8,444$6,996
7 years$9,075$8,466$7,896$7,364$6,867$5,490
8 years$7,861$7,257$6,697$6,177$5,697$4,390
9 years$6,916$6,318$5,768$5,262$4,798$3,560
10 years$6,162$5,569$5,029$4,536$4,088$2,918
11 years$5,544$4,958$4,427$3,947$3,516$2,411
12 years$5,030$4,450$3,929$3,462$3,047$2,006
13 years$4,596$4,022$3,510$3,057$2,657$1,678
14 years$4,224$3,656$3,154$2,714$2,329$1,410
15 years$3,901$3,339$2,848$2,420$2,050$1,188
16 years$3,620$3,064$2,582$2,167$1,812$1,005
17 years$3,371$2,822$2,349$1,947$1,607$852
18 years$3,151$2,607$2,145$1,755$1,429$723
19 years$2,954$2,416$1,963$1,585$1,273$615
20 years$2,777$2,245$1,802$1,436$1,137$524
21 years$2,617$2,092$1,657$1,303$1,018$447
22 years$2,471$1,952$1,527$1,185$912$382
23 years$2,339$1,826$1,410$1,079$819$326
24 years$2,218$1,711$1,304$984$736$279
25 years$2,106$1,606$1,208$899$662$239
26 years$2,004$1,509$1,120$822$597$205
27 years$1,909$1,420$1,040$752$538$175
28 years$1,821$1,338$967$689$485$150
29 years$1,739$1,262$900$632$438$129
30 years$1,663$1,192$838$580$396$110
31 years$1,592$1,127$782$533$358$95
32 years$1,525$1,066$729$490$324$81
33 years$1,463$1,010$681$450$293$70
34 years$1,405$957$636$414$265$60
35 years$1,349$908$595$381$240$51
36 years$1,298$862$556$351$218$44
37 years$1,249$818$521$324$197$38
38 years$1,202$778$488$298$179$33
39 years$1,158$740$457$275$162$28
40 years$1,117$704$428$254$147$24
41 years$1,078$670$402$234$134$21
42 years$1,040$638$377$216$121$18
43 years$1,005$608$353$199$110$15
44 years$971$579$332$184$100$13
45 years$938$552$312$170$91$11
46 years$908$527$293$157$82$10
47 years$878$503$275$145$75$8
48 years$850$480$258$134$68$7
49 years$823$459$243$124$62$6
50 years$798$438$228$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $817,000, adding $2,253 every year, while hoping to spend $47,662 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: 64/20/16 Blend
64$817,000$817,000$817,000$817,000
65$902,658$859,357$846,693$956,742
66$944,017$850,753$824,346$984,678
67$987,997$840,131$799,652$1,009,512
68$1,034,816$827,340$772,483$1,035,489
69$1,084,710$812,223$742,704$1,062,720
70$1,137,941$794,612$710,175$1,091,329
71$1,194,792$774,330$674,747$1,121,457
72$1,255,577$751,188$636,268$1,153,260
73$1,320,638$724,988$594,575$1,186,909
74$1,390,351$695,520$549,500$1,222,600
75$1,465,126$662,560$500,868$1,260,546
76$1,545,418$625,874$448,496$1,300,986
77$1,631,720$585,212$392,190$1,344,188
78$1,724,579$540,310$331,752$1,390,445
79$1,824,591$490,891$266,971$1,440,088
80$1,932,414$436,659$197,629$1,493,482
81$2,048,769$377,304$123,499$1,551,032
82$2,174,449$312,497$44,341$1,613,190
83$2,310,324$241,891$0$1,680,456
84$2,457,352$165,119$0$1,760,237
85$2,616,585$81,793$0$1,854,822
86$2,789,180$0$0$1,957,363
87$2,976,410$0$0$2,070,536
88$3,179,673$0$0$2,212,990
89$3,400,508$0$0$2,367,810
90$3,640,609$0$0$2,536,187
91$3,901,838$0$0$2,719,435
92$4,186,243$0$0$2,918,998
93$4,496,079$0$0$3,136,465
94$4,833,829$0$0$3,373,586
95$5,202,222$0$0$3,632,284
96$5,604,264$0$0$3,914,679
97$6,043,264$0$0$4,223,103
98$6,522,865$0$0$4,560,125
99$7,047,075$0$0$4,928,569
100$7,620,309$0$0$5,331,550