Can I retire at age 65 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$67,632$67,030$66,442$65,868$65,308$64,924
2 years$33,481$32,858$32,253$31,667$31,099$30,711
3 years$22,099$21,473$20,870$20,290$19,731$19,351
4 years$16,409$15,785$15,188$14,618$14,072$13,704
5 years$12,996$12,376$11,787$11,228$10,697$10,342
6 years$10,721$10,106$9,525$8,979$8,464$8,122
7 years$9,097$8,487$7,916$7,382$6,884$6,555
8 years$7,880$7,275$6,713$6,193$5,711$5,395
9 years$6,933$6,334$5,782$5,275$4,809$4,507
10 years$6,177$5,583$5,041$4,547$4,098$3,808
11 years$5,558$4,970$4,438$3,957$3,524$3,248
12 years$5,043$4,461$3,938$3,471$3,054$2,790
13 years$4,607$4,031$3,519$3,064$2,663$2,411
14 years$4,234$3,664$3,162$2,720$2,335$2,095
15 years$3,911$3,348$2,855$2,426$2,055$1,828
16 years$3,628$3,071$2,588$2,172$1,817$1,600
17 years$3,380$2,829$2,355$1,952$1,611$1,405
18 years$3,159$2,614$2,150$1,759$1,432$1,237
19 years$2,961$2,422$1,968$1,589$1,277$1,092
20 years$2,784$2,251$1,806$1,439$1,140$966
21 years$2,623$2,097$1,661$1,306$1,020$856
22 years$2,477$1,957$1,531$1,188$915$759
23 years$2,345$1,831$1,414$1,082$821$674
24 years$2,223$1,715$1,308$987$738$600
25 years$2,112$1,610$1,211$901$664$534
26 years$2,009$1,513$1,123$824$598$476
27 years$1,914$1,424$1,043$754$539$424
28 years$1,825$1,341$970$691$487$379
29 years$1,743$1,266$902$634$439$338
30 years$1,667$1,195$840$581$397$302
31 years$1,596$1,130$783$534$359$270
32 years$1,529$1,069$731$491$325$242
33 years$1,467$1,012$683$451$294$216
34 years$1,408$960$638$415$266$193
35 years$1,353$910$596$382$241$173
36 years$1,301$864$558$352$218$155
37 years$1,252$820$522$324$198$139
38 years$1,205$780$489$299$179$124
39 years$1,161$741$458$276$163$112
40 years$1,120$705$429$254$148$100
41 years$1,080$671$403$235$134$90
42 years$1,043$639$378$216$121$80
43 years$1,007$609$354$200$110$72
44 years$973$581$333$185$100$65
45 years$941$554$312$170$91$58
46 years$910$528$293$157$82$52
47 years$880$504$276$145$75$47
48 years$852$481$259$134$68$42
49 years$825$460$243$124$62$38
50 years$800$439$229$115$56$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $819,000, adding $3,262 every year, while hoping to spend $56,713 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: 61/13/26 Blend
64$819,000$819,000$819,000$819,000
65$905,903$862,496$849,801$954,674
66$937,963$844,416$817,927$970,120
67$971,392$823,549$783,085$980,531
68$1,006,270$799,700$745,115$990,673
69$1,042,684$772,659$703,850$1,000,531
70$1,080,725$742,207$659,117$1,010,092
71$1,120,495$708,111$610,733$1,019,341
72$1,162,102$670,125$558,509$1,028,269
73$1,205,663$627,988$502,246$1,036,864
74$1,251,306$581,424$441,737$1,045,119
75$1,299,169$530,143$376,764$1,053,029
76$1,349,400$473,837$307,102$1,060,593
77$1,402,164$412,179$232,514$1,067,811
78$1,457,635$344,827$152,754$1,074,690
79$1,516,007$271,417$67,565$1,081,239
80$1,577,488$191,564$0$1,087,476
81$1,642,306$104,865$0$1,099,900
82$1,710,709$10,891$0$1,132,487
83$1,782,966$0$0$1,166,593
84$1,859,374$0$0$1,215,342
85$1,940,253$0$0$1,268,622
86$2,025,956$0$0$1,325,110
87$2,116,865$0$0$1,385,063
88$2,213,402$0$0$1,448,762
89$2,316,025$0$0$1,516,514
90$2,425,237$0$0$1,588,657
91$2,541,587$0$0$1,665,558
92$2,665,677$0$0$1,747,621
93$2,798,167$0$0$1,835,288
94$2,939,780$0$0$1,929,044
95$3,091,307$0$0$2,029,419
96$3,253,618$0$0$2,136,996
97$3,427,666$0$0$2,252,415
98$3,614,494$0$0$2,376,375
99$3,815,251$0$0$2,509,647
100$4,031,196$0$0$2,653,076