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%11.2%
1 years$67,797$67,194$66,604$66,029$65,468$65,137
2 years$33,563$32,938$32,332$31,745$31,175$30,841
3 years$22,153$21,525$20,921$20,339$19,779$19,452
4 years$16,449$15,823$15,225$14,653$14,106$13,790
5 years$13,028$12,406$11,815$11,255$10,723$10,418
6 years$10,748$10,130$9,549$9,001$8,485$8,190
7 years$9,120$8,507$7,935$7,400$6,901$6,617
8 years$7,899$7,292$6,729$6,208$5,725$5,453
9 years$6,950$6,349$5,796$5,288$4,821$4,560
10 years$6,192$5,597$5,053$4,558$4,108$3,858
11 years$5,571$4,982$4,449$3,967$3,533$3,294
12 years$5,055$4,472$3,948$3,479$3,061$2,833
13 years$4,618$4,041$3,527$3,072$2,670$2,452
14 years$4,244$3,673$3,169$2,727$2,340$2,133
15 years$3,920$3,356$2,862$2,432$2,061$1,863
16 years$3,637$3,079$2,594$2,177$1,821$1,633
17 years$3,388$2,835$2,361$1,956$1,615$1,437
18 years$3,166$2,620$2,155$1,763$1,436$1,267
19 years$2,968$2,428$1,973$1,593$1,280$1,120
20 years$2,790$2,256$1,811$1,443$1,143$992
21 years$2,630$2,102$1,665$1,310$1,023$880
22 years$2,484$1,962$1,535$1,191$917$782
23 years$2,350$1,835$1,417$1,084$823$695
24 years$2,229$1,719$1,311$989$740$619
25 years$2,117$1,613$1,214$903$666$552
26 years$2,014$1,516$1,126$826$600$493
27 years$1,918$1,427$1,045$756$541$440
28 years$1,830$1,345$972$693$488$393
29 years$1,748$1,269$904$635$440$352
30 years$1,671$1,198$842$583$398$315
31 years$1,600$1,133$785$535$360$282
32 years$1,533$1,072$733$492$325$253
33 years$1,470$1,015$684$452$295$226
34 years$1,411$962$639$416$267$203
35 years$1,356$912$598$383$242$182
36 years$1,304$866$559$353$219$163
37 years$1,255$822$523$325$198$146
38 years$1,208$782$490$300$180$131
39 years$1,164$743$459$276$163$118
40 years$1,122$707$430$255$148$106
41 years$1,083$673$404$235$134$95
42 years$1,045$641$379$217$122$85
43 years$1,009$611$355$200$111$77
44 years$975$582$333$185$100$69
45 years$943$555$313$171$91$62
46 years$912$530$294$158$83$56
47 years$883$505$276$146$75$50
48 years$854$482$260$135$68$45
49 years$827$461$244$125$62$40
50 years$802$440$229$115$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $821,000, adding $6,040 every year, while hoping to spend $54,337 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: 49/32/19 Blend
64$821,000$821,000$821,000$821,000
65$910,972$867,459$854,734$950,487
66$946,077$852,151$825,553$963,187
67$982,942$834,271$793,574$970,942
68$1,021,688$813,636$758,645$978,214
69$1,062,449$790,053$720,608$984,978
70$1,105,368$763,315$679,298$991,211
71$1,150,604$733,206$634,543$996,890
72$1,198,327$699,494$586,161$1,001,996
73$1,248,724$661,937$533,966$1,006,511
74$1,301,999$620,278$477,759$1,010,420
75$1,358,375$574,242$417,335$1,013,712
76$1,418,092$523,544$352,479$1,016,378
77$1,481,418$467,878$282,967$1,018,415
78$1,548,642$406,923$208,566$1,019,828
79$1,620,080$340,338$129,029$1,020,624
80$1,696,079$267,766$44,103$1,020,821
81$1,777,018$188,826$0$1,020,443
82$1,863,314$103,118$0$1,028,960
83$1,955,421$10,220$0$1,047,139
84$2,053,836$0$0$1,066,150
85$2,159,108$0$0$1,117,932
86$2,271,835$0$0$1,177,292
87$2,392,673$0$0$1,240,984
88$2,522,344$0$0$1,309,397
89$2,661,638$0$0$1,382,956
90$2,811,423$0$0$1,462,127
91$2,972,654$0$0$1,547,425
92$3,146,375$0$0$1,639,412
93$3,333,737$0$0$1,738,707
94$3,536,002$0$0$1,845,991
95$3,754,559$0$0$1,962,011
96$3,990,932$0$0$2,087,588
97$4,246,797$0$0$2,223,626
98$4,523,997$0$0$2,371,117
99$4,824,558$0$0$2,531,154
100$5,150,709$0$0$2,704,938