Can I retire at age 65 with 821,000?

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 $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%17.2%
1 years$67,797$67,194$66,604$66,029$65,468$63,550
2 years$33,563$32,938$32,332$31,745$31,175$29,259
3 years$22,153$21,525$20,921$20,339$19,779$17,924
4 years$16,449$15,823$15,225$14,653$14,106$12,327
5 years$13,028$12,406$11,815$11,255$10,723$9,024
6 years$10,748$10,130$9,549$9,001$8,485$6,868
7 years$9,120$8,507$7,935$7,400$6,901$5,365
8 years$7,899$7,292$6,729$6,208$5,725$4,270
9 years$6,950$6,349$5,796$5,288$4,821$3,446
10 years$6,192$5,597$5,053$4,558$4,108$2,810
11 years$5,571$4,982$4,449$3,967$3,533$2,311
12 years$5,055$4,472$3,948$3,479$3,061$1,912
13 years$4,618$4,041$3,527$3,072$2,670$1,591
14 years$4,244$3,673$3,169$2,727$2,340$1,329
15 years$3,920$3,356$2,862$2,432$2,061$1,114
16 years$3,637$3,079$2,594$2,177$1,821$936
17 years$3,388$2,835$2,361$1,956$1,615$789
18 years$3,166$2,620$2,155$1,763$1,436$666
19 years$2,968$2,428$1,973$1,593$1,280$563
20 years$2,790$2,256$1,811$1,443$1,143$477
21 years$2,630$2,102$1,665$1,310$1,023$405
22 years$2,484$1,962$1,535$1,191$917$343
23 years$2,350$1,835$1,417$1,084$823$292
24 years$2,229$1,719$1,311$989$740$248
25 years$2,117$1,613$1,214$903$666$211
26 years$2,014$1,516$1,126$826$600$179
27 years$1,918$1,427$1,045$756$541$153
28 years$1,830$1,345$972$693$488$130
29 years$1,748$1,269$904$635$440$111
30 years$1,671$1,198$842$583$398$94
31 years$1,600$1,133$785$535$360$80
32 years$1,533$1,072$733$492$325$68
33 years$1,470$1,015$684$452$295$58
34 years$1,411$962$639$416$267$50
35 years$1,356$912$598$383$242$42
36 years$1,304$866$559$353$219$36
37 years$1,255$822$523$325$198$31
38 years$1,208$782$490$300$180$26
39 years$1,164$743$459$276$163$22
40 years$1,122$707$430$255$148$19
41 years$1,083$673$404$235$134$16
42 years$1,045$641$379$217$122$14
43 years$1,009$611$355$200$111$12
44 years$975$582$333$185$100$10
45 years$943$555$313$171$91$9
46 years$912$530$294$158$83$7
47 years$883$505$276$146$75$6
48 years$854$482$260$135$68$5
49 years$827$461$244$125$62$5
50 years$802$440$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $821,000, adding $6,031 every year, while hoping to spend $47,891 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: 52/29/19 Blend
64$821,000$821,000$821,000$821,000
65$910,963$867,450$854,724$953,285
66$952,926$858,999$832,402$974,586
67$997,563$848,530$807,727$992,253
68$1,045,098$835,891$780,569$1,010,437
69$1,095,774$820,926$750,794$1,029,203
70$1,149,857$803,465$718,260$1,048,624
71$1,207,640$783,332$682,819$1,068,785
72$1,269,442$760,338$644,316$1,089,782
73$1,335,614$734,284$602,590$1,111,725
74$1,406,542$704,959$557,471$1,134,735
75$1,482,647$672,140$508,785$1,158,954
76$1,564,393$635,590$456,345$1,184,538
77$1,652,288$595,062$399,960$1,211,665
78$1,746,891$550,289$339,428$1,240,536
79$1,848,815$500,994$274,540$1,271,376
80$1,958,732$446,881$205,075$1,304,438
81$2,077,384$387,639$130,806$1,340,007
82$2,205,582$322,939$51,493$1,378,400
83$2,344,220$252,431$0$1,419,977
84$2,494,279$175,749$0$1,471,855
85$2,656,839$92,505$0$1,539,341
86$2,833,088$2,288$0$1,612,538
87$3,024,328$0$0$1,692,063
88$3,231,997$0$0$1,809,021
89$3,457,672$0$0$1,936,986
90$3,703,091$0$0$2,076,222
91$3,970,164$0$0$2,227,822
92$4,260,992$0$0$2,392,991
93$4,577,890$0$0$2,573,051
94$4,923,404$0$0$2,769,461
95$5,300,334$0$0$2,983,824
96$5,711,767$0$0$3,217,907
97$6,161,095$0$0$3,473,652
98$6,652,057$0$0$3,753,200
99$7,188,766$0$0$4,058,907
100$7,775,753$0$0$4,393,367