Can I retire at age 65 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$67,797$67,194$66,604$66,029$65,468$63,120
2 years$33,563$32,938$32,332$31,745$31,175$28,835
3 years$22,153$21,525$20,921$20,339$19,779$17,520
4 years$16,449$15,823$15,225$14,653$14,106$11,946
5 years$13,028$12,406$11,815$11,255$10,723$8,668
6 years$10,748$10,130$9,549$9,001$8,485$6,535
7 years$9,120$8,507$7,935$7,400$6,901$5,056
8 years$7,899$7,292$6,729$6,208$5,725$3,984
9 years$6,950$6,349$5,796$5,288$4,821$3,182
10 years$6,192$5,597$5,053$4,558$4,108$2,567
11 years$5,571$4,982$4,449$3,967$3,533$2,088
12 years$5,055$4,472$3,948$3,479$3,061$1,708
13 years$4,618$4,041$3,527$3,072$2,670$1,405
14 years$4,244$3,673$3,169$2,727$2,340$1,160
15 years$3,920$3,356$2,862$2,432$2,061$961
16 years$3,637$3,079$2,594$2,177$1,821$798
17 years$3,388$2,835$2,361$1,956$1,615$664
18 years$3,166$2,620$2,155$1,763$1,436$553
19 years$2,968$2,428$1,973$1,593$1,280$462
20 years$2,790$2,256$1,811$1,443$1,143$386
21 years$2,630$2,102$1,665$1,310$1,023$323
22 years$2,484$1,962$1,535$1,191$917$271
23 years$2,350$1,835$1,417$1,084$823$227
24 years$2,229$1,719$1,311$989$740$190
25 years$2,117$1,613$1,214$903$666$160
26 years$2,014$1,516$1,126$826$600$134
27 years$1,918$1,427$1,045$756$541$112
28 years$1,830$1,345$972$693$488$94
29 years$1,748$1,269$904$635$440$79
30 years$1,671$1,198$842$583$398$67
31 years$1,600$1,133$785$535$360$56
32 years$1,533$1,072$733$492$325$47
33 years$1,470$1,015$684$452$295$40
34 years$1,411$962$639$416$267$33
35 years$1,356$912$598$383$242$28
36 years$1,304$866$559$353$219$23
37 years$1,255$822$523$325$198$20
38 years$1,208$782$490$300$180$17
39 years$1,164$743$459$276$163$14
40 years$1,122$707$430$255$148$12
41 years$1,083$673$404$235$134$10
42 years$1,045$641$379$217$122$8
43 years$1,009$611$355$200$111$7
44 years$975$582$333$185$100$6
45 years$943$555$313$171$91$5
46 years$912$530$294$158$83$4
47 years$883$505$276$146$75$3
48 years$854$482$260$135$68$3
49 years$827$461$244$125$62$2
50 years$802$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $821,000, adding $3,180 every year, while hoping to spend $51,089 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: 37/50/13 Blend
64$821,000$821,000$821,000$821,000
65$908,022$864,509$851,784$937,895
66$946,282$852,512$825,960$947,571
67$986,732$838,214$797,559$952,864
68$1,029,542$821,450$766,441$957,463
69$1,074,897$802,042$732,458$961,332
70$1,122,998$779,805$695,457$964,435
71$1,174,068$754,539$655,279$966,737
72$1,228,347$726,035$611,755$968,204
73$1,286,100$694,072$564,710$968,805
74$1,347,616$658,416$513,962$968,509
75$1,413,213$618,818$459,319$967,291
76$1,483,237$575,017$400,583$965,128
77$1,558,068$526,734$337,543$962,001
78$1,638,124$473,676$269,984$957,898
79$1,723,861$415,535$197,677$952,812
80$1,815,781$351,982$120,385$946,743
81$1,914,433$282,672$37,860$939,703
82$2,020,421$207,239$0$931,710
83$2,134,407$125,297$0$929,761
84$2,257,119$36,439$0$932,993
85$2,389,356$0$0$936,249
86$2,531,994$0$0$972,531
87$2,685,996$0$0$1,033,439
88$2,852,423$0$0$1,099,353
89$3,032,438$0$0$1,170,746
90$3,227,320$0$0$1,248,137
91$3,438,476$0$0$1,332,099
92$3,667,451$0$0$1,423,259
93$3,915,947$0$0$1,522,310
94$4,185,833$0$0$1,630,010
95$4,479,167$0$0$1,747,198
96$4,798,213$0$0$1,874,792
97$5,145,459$0$0$2,013,807
98$5,523,646$0$0$2,165,357
99$5,935,789$0$0$2,330,668
100$6,385,205$0$0$2,511,091