Can I retire at age 65 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$67,715$67,112$66,523$65,949$65,388$63,627
2 years$33,522$32,898$32,293$31,706$31,137$29,375
3 years$22,126$21,499$20,896$20,314$19,755$18,047
4 years$16,429$15,804$15,207$14,635$14,089$12,449
5 years$13,012$12,391$11,801$11,241$10,710$9,143
6 years$10,735$10,118$9,537$8,990$8,475$6,981
7 years$9,108$8,497$7,925$7,391$6,892$5,472
8 years$7,889$7,283$6,721$6,200$5,718$4,371
9 years$6,942$6,342$5,789$5,281$4,815$3,540
10 years$6,184$5,590$5,047$4,552$4,103$2,898
11 years$5,565$4,976$4,443$3,962$3,529$2,392
12 years$5,049$4,466$3,943$3,475$3,058$1,987
13 years$4,613$4,036$3,523$3,068$2,666$1,660
14 years$4,239$3,669$3,165$2,723$2,337$1,392
15 years$3,916$3,352$2,858$2,429$2,058$1,172
16 years$3,633$3,075$2,591$2,175$1,819$990
17 years$3,384$2,832$2,358$1,954$1,613$838
18 years$3,162$2,617$2,152$1,761$1,434$710
19 years$2,965$2,425$1,970$1,591$1,278$603
20 years$2,787$2,254$1,808$1,441$1,142$513
21 years$2,626$2,099$1,663$1,308$1,022$437
22 years$2,480$1,960$1,533$1,189$916$373
23 years$2,348$1,833$1,416$1,083$822$318
24 years$2,226$1,717$1,309$988$739$272
25 years$2,114$1,611$1,212$902$665$232
26 years$2,011$1,515$1,125$825$599$198
27 years$1,916$1,425$1,044$755$540$170
28 years$1,828$1,343$971$692$487$145
29 years$1,746$1,267$903$634$440$124
30 years$1,669$1,197$841$582$398$106
31 years$1,598$1,131$784$535$359$91
32 years$1,531$1,070$732$491$325$78
33 years$1,468$1,014$683$452$294$67
34 years$1,410$961$639$416$266$57
35 years$1,354$911$597$383$241$49
36 years$1,302$865$558$352$219$42
37 years$1,253$821$523$325$198$36
38 years$1,207$781$489$299$180$31
39 years$1,163$742$459$276$163$27
40 years$1,121$706$430$255$148$23
41 years$1,082$672$403$235$134$19
42 years$1,044$640$378$217$122$17
43 years$1,008$610$355$200$110$14
44 years$974$581$333$185$100$12
45 years$942$555$313$171$91$11
46 years$911$529$294$158$83$9
47 years$882$505$276$146$75$8
48 years$853$482$259$135$68$7
49 years$826$460$244$124$62$6
50 years$801$440$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $820,000, adding $4,848 every year, while hoping to spend $33,917 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: 56/31/13 Blend
64$820,000$820,000$820,000$820,000
65$908,641$865,181$852,471$956,239
66$965,235$871,487$844,941$995,353
67$1,026,464$876,966$836,022$1,033,810
68$1,092,767$881,540$825,632$1,074,908
69$1,164,623$885,130$813,685$1,118,907
70$1,242,561$887,647$800,089$1,166,091
71$1,327,161$889,001$784,752$1,216,778
72$1,419,063$889,094$767,573$1,271,317
73$1,518,971$887,822$748,449$1,330,093
74$1,627,656$885,076$727,272$1,393,535
75$1,745,970$880,738$703,929$1,462,114
76$1,874,849$874,685$678,301$1,536,352
77$2,015,325$866,785$650,265$1,616,825
78$2,168,529$856,899$619,690$1,704,170
79$2,335,712$844,879$586,442$1,799,092
80$2,518,245$830,569$550,379$1,902,369
81$2,717,642$813,803$511,353$2,014,860
82$2,935,568$794,405$469,210$2,137,515
83$3,173,855$772,190$423,787$2,271,383
84$3,434,521$746,961$374,917$2,417,623
85$3,719,789$718,508$322,423$2,577,514
86$4,032,104$686,612$266,121$2,752,471
87$4,374,162$651,040$205,820$2,944,054
88$4,748,930$611,544$141,318$3,153,988
89$5,159,675$567,864$72,406$3,384,177
90$5,609,996$519,723$0$3,636,721
91$6,103,857$466,831$0$3,914,101
92$6,645,624$408,879$0$4,229,448
93$7,240,105$345,541$0$4,575,570
94$7,892,596$276,473$0$4,955,624
95$8,608,933$201,312$0$5,373,092
96$9,395,541$119,674$0$5,831,815
97$10,259,502$31,153$0$6,336,029
98$11,208,613$0$0$6,890,410
99$12,251,467$0$0$7,522,175
100$13,397,528$0$0$8,228,221