Can I retire at age 65 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$67,880$67,275$66,685$66,110$65,547$64,728
2 years$33,604$32,978$32,372$31,783$31,213$30,389
3 years$22,180$21,552$20,947$20,364$19,803$18,999
4 years$16,469$15,843$15,244$14,671$14,124$13,347
5 years$13,044$12,421$11,830$11,269$10,737$9,989
6 years$10,761$10,143$9,560$9,012$8,495$7,777
7 years$9,131$8,518$7,945$7,409$6,909$6,221
8 years$7,909$7,301$6,738$6,215$5,732$5,074
9 years$6,959$6,357$5,803$5,294$4,827$4,199
10 years$6,199$5,603$5,059$4,564$4,113$3,514
11 years$5,578$4,988$4,454$3,972$3,537$2,967
12 years$5,061$4,477$3,953$3,484$3,065$2,524
13 years$4,624$4,046$3,532$3,076$2,673$2,159
14 years$4,249$3,678$3,173$2,730$2,343$1,856
15 years$3,925$3,360$2,865$2,435$2,063$1,601
16 years$3,642$3,083$2,598$2,180$1,823$1,387
17 years$3,392$2,839$2,364$1,959$1,617$1,204
18 years$3,170$2,623$2,158$1,765$1,437$1,049
19 years$2,972$2,431$1,975$1,595$1,281$915
20 years$2,794$2,259$1,813$1,445$1,144$800
21 years$2,633$2,104$1,667$1,311$1,024$700
22 years$2,487$1,964$1,537$1,192$918$614
23 years$2,353$1,837$1,419$1,086$824$538
24 years$2,231$1,721$1,312$990$741$473
25 years$2,119$1,615$1,215$904$666$416
26 years$2,016$1,518$1,127$827$600$366
27 years$1,921$1,429$1,047$757$541$322
28 years$1,832$1,346$973$693$488$284
29 years$1,750$1,270$906$636$441$250
30 years$1,673$1,200$843$584$398$221
31 years$1,602$1,134$786$536$360$195
32 years$1,535$1,073$734$493$326$172
33 years$1,472$1,016$685$453$295$152
34 years$1,413$963$640$417$267$134
35 years$1,358$913$598$384$242$118
36 years$1,306$867$560$353$219$105
37 years$1,256$823$524$326$199$92
38 years$1,210$783$491$300$180$82
39 years$1,166$744$460$277$163$72
40 years$1,124$708$431$255$148$64
41 years$1,084$674$404$235$134$56
42 years$1,047$642$379$217$122$50
43 years$1,011$612$356$201$111$44
44 years$977$583$334$185$100$39
45 years$944$556$313$171$91$35
46 years$913$530$294$158$83$31
47 years$884$506$277$146$75$27
48 years$855$483$260$135$68$24
49 years$828$461$244$125$62$21
50 years$803$441$230$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $822,000, adding $4,302 every year, while hoping to spend $45,777 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: 49/37/14 Blend
64$822,000$822,000$822,000$822,000
65$910,282$866,716$853,975$951,171
66$954,424$860,478$833,876$973,547
67$1,001,534$852,401$811,571$992,735
68$1,051,868$842,345$786,935$1,012,561
69$1,105,703$830,165$759,842$1,033,102
70$1,163,345$815,703$730,157$1,054,442
71$1,225,130$798,796$697,741$1,076,679
72$1,291,425$779,269$662,447$1,099,922
73$1,362,634$756,938$624,123$1,124,295
74$1,439,201$731,605$582,609$1,149,939
75$1,521,610$703,065$537,738$1,177,013
76$1,610,398$671,099$489,335$1,205,693
77$1,706,150$635,474$437,219$1,236,182
78$1,809,510$595,945$381,199$1,268,703
79$1,921,187$552,253$321,076$1,303,512
80$2,041,959$504,124$256,643$1,340,890
81$2,172,681$451,269$187,683$1,381,157
82$2,314,294$393,380$113,969$1,424,669
83$2,467,831$330,135$35,267$1,471,825
84$2,634,430$261,192$0$1,523,070
85$2,815,340$186,189$0$1,586,181
86$3,011,938$104,745$0$1,660,530
87$3,225,735$16,458$0$1,741,504
88$3,458,398$0$0$1,829,838
89$3,711,756$0$0$1,958,549
90$3,987,826$0$0$2,106,181
91$4,288,826$0$0$2,267,229
92$4,617,196$0$0$2,443,010
93$4,975,623$0$0$2,634,972
94$5,367,065$0$0$2,844,713
95$5,794,779$0$0$3,073,988
96$6,262,347$0$0$3,324,730
97$6,773,718$0$0$3,599,071
98$7,333,235$0$0$3,899,353
99$7,945,684$0$0$4,228,159
100$8,616,334$0$0$4,588,332