Can I retire at age 65 with 817,000?

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 $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%12%
1 years$67,467$66,866$66,280$65,708$65,149$64,603
2 years$33,400$32,778$32,175$31,590$31,023$30,473
3 years$22,045$21,420$20,819$20,240$19,682$19,145
4 years$16,369$15,746$15,151$14,582$14,038$13,517
5 years$12,964$12,345$11,758$11,200$10,671$10,169
6 years$10,695$10,081$9,502$8,957$8,444$7,961
7 years$9,075$8,466$7,896$7,364$6,867$6,403
8 years$7,861$7,257$6,697$6,177$5,697$5,252
9 years$6,916$6,318$5,768$5,262$4,798$4,372
10 years$6,162$5,569$5,029$4,536$4,088$3,681
11 years$5,544$4,958$4,427$3,947$3,516$3,128
12 years$5,030$4,450$3,929$3,462$3,047$2,677
13 years$4,596$4,022$3,510$3,057$2,657$2,305
14 years$4,224$3,656$3,154$2,714$2,329$1,994
15 years$3,901$3,339$2,848$2,420$2,050$1,733
16 years$3,620$3,064$2,582$2,167$1,812$1,511
17 years$3,371$2,822$2,349$1,947$1,607$1,322
18 years$3,151$2,607$2,145$1,755$1,429$1,159
19 years$2,954$2,416$1,963$1,585$1,273$1,018
20 years$2,777$2,245$1,802$1,436$1,137$897
21 years$2,617$2,092$1,657$1,303$1,018$791
22 years$2,471$1,952$1,527$1,185$912$698
23 years$2,339$1,826$1,410$1,079$819$618
24 years$2,218$1,711$1,304$984$736$547
25 years$2,106$1,606$1,208$899$662$485
26 years$2,004$1,509$1,120$822$597$430
27 years$1,909$1,420$1,040$752$538$381
28 years$1,821$1,338$967$689$485$339
29 years$1,739$1,262$900$632$438$301
30 years$1,663$1,192$838$580$396$268
31 years$1,592$1,127$782$533$358$238
32 years$1,525$1,066$729$490$324$212
33 years$1,463$1,010$681$450$293$189
34 years$1,405$957$636$414$265$168
35 years$1,349$908$595$381$240$150
36 years$1,298$862$556$351$218$133
37 years$1,249$818$521$324$197$119
38 years$1,202$778$488$298$179$106
39 years$1,158$740$457$275$162$94
40 years$1,117$704$428$254$147$84
41 years$1,078$670$402$234$134$75
42 years$1,040$638$377$216$121$67
43 years$1,005$608$353$199$110$60
44 years$971$579$332$184$100$53
45 years$938$552$312$170$91$48
46 years$908$527$293$157$82$42
47 years$878$503$275$145$75$38
48 years$850$480$258$134$68$34
49 years$823$459$243$124$62$30
50 years$798$438$228$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $817,000, adding $6,424 every year, while hoping to spend $32,797 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: 39/34/27 Blend
64$817,000$817,000$817,000$817,000
65$906,960$863,659$850,996$934,858
66$964,575$871,083$844,608$963,204
67$1,026,966$877,771$836,908$990,327
68$1,094,588$883,653$827,815$1,019,025
69$1,167,938$888,654$817,249$1,049,461
70$1,247,562$892,693$805,122$1,081,817
71$1,334,065$895,686$791,344$1,116,299
72$1,428,106$897,541$775,822$1,153,130
73$1,530,416$898,164$758,455$1,192,564
74$1,641,796$897,452$739,141$1,234,879
75$1,763,128$895,296$717,771$1,280,385
76$1,895,383$891,581$694,231$1,329,427
77$2,039,629$886,185$668,405$1,382,388
78$2,197,041$878,978$640,167$1,439,692
79$2,368,915$869,824$609,388$1,501,810
80$2,556,675$858,576$575,933$1,569,267
81$2,761,890$845,080$539,661$1,642,640
82$2,986,286$829,172$500,423$1,722,573
83$3,231,765$810,680$458,065$1,809,777
84$3,500,421$789,419$412,426$1,905,044
85$3,794,558$765,195$363,337$2,009,246
86$4,116,716$737,802$310,622$2,123,353
87$4,469,691$707,024$254,096$2,248,438
88$4,856,560$672,629$193,570$2,385,688
89$5,280,715$634,373$128,840$2,536,417
90$5,745,891$592,001$59,699$2,702,081
91$6,256,201$545,238$0$2,884,290
92$6,816,175$493,796$0$3,088,882
93$7,430,805$437,373$0$3,332,388
94$8,105,588$375,644$0$3,599,838
95$8,846,579$308,272$0$3,893,712
96$9,660,449$234,897$0$4,216,750
97$10,554,547$155,139$0$4,571,974
98$11,536,968$68,597$0$4,962,719
99$12,616,630$0$0$5,392,667
100$13,803,359$0$0$5,875,290