Can I retire at age 65 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$67,963$67,357$66,767$66,190$65,627$65,050
2 years$33,645$33,018$32,411$31,822$31,251$30,670
3 years$22,207$21,578$20,972$20,389$19,827$19,259
4 years$16,489$15,862$15,262$14,689$14,141$13,591
5 years$13,060$12,436$11,844$11,283$10,750$10,219
6 years$10,774$10,155$9,572$9,023$8,506$7,996
7 years$9,142$8,528$7,954$7,418$6,917$6,428
8 years$7,918$7,310$6,746$6,223$5,739$5,269
9 years$6,967$6,365$5,810$5,300$4,833$4,384
10 years$6,207$5,610$5,065$4,569$4,118$3,689
11 years$5,585$4,994$4,460$3,976$3,541$3,132
12 years$5,067$4,483$3,958$3,488$3,069$2,679
13 years$4,629$4,051$3,536$3,079$2,676$2,305
14 years$4,255$3,682$3,177$2,733$2,346$1,993
15 years$3,930$3,364$2,868$2,438$2,066$1,731
16 years$3,646$3,086$2,601$2,183$1,826$1,508
17 years$3,396$2,842$2,367$1,961$1,619$1,318
18 years$3,174$2,626$2,160$1,767$1,439$1,155
19 years$2,976$2,434$1,978$1,597$1,283$1,014
20 years$2,797$2,262$1,815$1,446$1,146$892
21 years$2,636$2,107$1,669$1,313$1,025$786
22 years$2,490$1,967$1,539$1,194$919$694
23 years$2,356$1,839$1,421$1,087$825$613
24 years$2,234$1,723$1,314$991$742$543
25 years$2,122$1,617$1,217$905$667$480
26 years$2,018$1,520$1,129$828$601$426
27 years$1,923$1,431$1,048$758$542$378
28 years$1,834$1,348$974$694$489$335
29 years$1,752$1,272$907$637$442$298
30 years$1,675$1,201$845$584$399$264
31 years$1,604$1,135$787$537$361$235
32 years$1,537$1,074$735$493$326$209
33 years$1,474$1,017$686$454$295$186
34 years$1,415$964$641$417$267$165
35 years$1,359$915$599$384$242$147
36 years$1,307$868$560$354$219$131
37 years$1,258$824$525$326$199$117
38 years$1,211$783$491$300$180$104
39 years$1,167$745$460$277$163$93
40 years$1,125$709$431$256$148$82
41 years$1,085$675$405$236$135$73
42 years$1,048$643$379$218$122$65
43 years$1,012$612$356$201$111$58
44 years$978$584$334$185$101$52
45 years$945$557$314$171$91$46
46 years$914$531$295$158$83$41
47 years$885$507$277$146$75$37
48 years$856$484$260$135$68$33
49 years$829$462$245$125$62$29
50 years$804$441$230$115$56$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $823,000, adding $6,474 every year, while hoping to spend $29,986 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: 60/13/27 Blend
64$823,000$823,000$823,000$823,000
65$913,624$870,005$857,248$961,430
66$974,909$880,730$854,061$1,005,481
67$1,041,440$890,976$849,763$1,049,746
68$1,113,720$900,688$844,283$1,097,412
69$1,192,303$909,805$837,551$1,148,818
70$1,277,799$918,267$829,490$1,204,337
71$1,370,878$926,005$820,021$1,264,381
72$1,472,278$932,950$809,062$1,329,405
73$1,582,809$939,023$796,524$1,399,911
74$1,703,367$944,146$782,319$1,476,454
75$1,834,933$948,232$766,349$1,559,645
76$1,978,590$951,189$748,516$1,650,160
77$2,135,529$952,921$728,714$1,748,744
78$2,307,063$953,324$706,836$1,856,221
79$2,494,636$952,289$682,767$1,973,498
80$2,699,836$949,699$656,387$2,101,577
81$2,924,416$945,430$627,573$2,241,565
82$3,170,302$939,352$596,192$2,394,683
83$3,439,618$931,326$562,110$2,562,276
84$3,734,702$921,203$525,183$2,745,831
85$4,058,127$908,828$485,263$2,946,987
86$4,412,731$894,035$442,194$3,167,554
87$4,801,635$876,649$395,813$3,409,528
88$5,228,280$856,483$345,951$3,675,109
89$5,696,454$833,340$292,430$3,966,728
90$6,210,331$807,012$235,065$4,287,063
91$6,774,508$777,279$173,663$4,639,070
92$7,394,049$743,907$108,022$5,026,010
93$8,074,532$706,648$37,931$5,451,478
94$8,822,103$665,242$0$5,919,441
95$9,643,530$619,412$0$6,444,896
96$10,546,273$568,866$0$7,034,396
97$11,538,547$513,295$0$7,682,394
98$12,629,405$452,372$0$8,394,829
99$13,828,819$385,753$0$9,178,248
100$15,147,776$313,073$0$10,039,865