Can I retire at age 65 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$68,375$67,766$67,172$66,592$66,026$63,810
2 years$33,849$33,219$32,608$32,015$31,441$29,231
3 years$22,342$21,709$21,099$20,513$19,947$17,812
4 years$16,590$15,958$15,355$14,778$14,227$12,182
5 years$13,139$12,512$11,916$11,351$10,815$8,867
6 years$10,839$10,217$9,630$9,078$8,557$6,707
7 years$9,197$8,580$8,003$7,463$6,959$5,207
8 years$7,966$7,355$6,787$6,261$5,774$4,118
9 years$7,010$6,403$5,845$5,333$4,862$3,301
10 years$6,244$5,644$5,096$4,597$4,143$2,673
11 years$5,619$5,025$4,487$4,001$3,563$2,182
12 years$5,098$4,510$3,982$3,509$3,088$1,793
13 years$4,658$4,076$3,557$3,098$2,692$1,480
14 years$4,280$3,705$3,196$2,750$2,360$1,227
15 years$3,954$3,384$2,886$2,453$2,078$1,021
16 years$3,668$3,105$2,617$2,196$1,837$851
17 years$3,417$2,860$2,381$1,973$1,628$712
18 years$3,193$2,642$2,173$1,778$1,448$596
19 years$2,994$2,449$1,990$1,607$1,291$500
20 years$2,814$2,276$1,826$1,455$1,153$420
21 years$2,652$2,120$1,680$1,321$1,032$353
22 years$2,505$1,979$1,548$1,201$925$297
23 years$2,370$1,851$1,429$1,094$830$250
24 years$2,248$1,734$1,322$997$746$211
25 years$2,135$1,627$1,224$911$671$178
26 years$2,031$1,529$1,136$833$605$150
27 years$1,935$1,439$1,054$762$545$126
28 years$1,845$1,356$980$698$492$107
29 years$1,763$1,279$912$641$444$90
30 years$1,685$1,208$850$588$401$76
31 years$1,613$1,142$792$540$363$64
32 years$1,546$1,081$739$496$328$54
33 years$1,483$1,024$690$456$297$46
34 years$1,423$970$645$420$269$39
35 years$1,368$920$603$386$244$33
36 years$1,315$873$564$356$221$28
37 years$1,265$829$528$328$200$23
38 years$1,218$788$494$302$181$20
39 years$1,174$750$463$279$164$17
40 years$1,132$713$434$257$149$14
41 years$1,092$679$407$237$135$12
42 years$1,054$647$382$219$123$10
43 years$1,018$616$358$202$111$8
44 years$984$587$336$187$101$7
45 years$951$560$316$172$92$6
46 years$920$534$297$159$83$5
47 years$890$510$279$147$76$4
48 years$862$487$262$136$69$4
49 years$834$465$246$126$62$3
50 years$808$444$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $828,000, adding $5,298 every year, while hoping to spend $48,490 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: 47/26/27 Blend
64$828,000$828,000$828,000$828,000
65$917,921$874,037$861,203$953,746
66$959,956$865,272$838,460$970,759
67$1,004,653$854,452$813,330$984,060
68$1,052,233$841,425$785,682$997,552
69$1,102,937$826,032$755,379$1,011,280
70$1,157,030$808,100$722,277$1,025,293
71$1,214,799$787,449$686,226$1,039,651
72$1,276,564$763,890$647,070$1,054,421
73$1,342,671$737,218$604,644$1,069,684
74$1,413,502$707,219$558,778$1,085,531
75$1,489,474$673,669$509,292$1,102,066
76$1,571,047$636,325$456,000$1,119,410
77$1,658,725$594,936$398,707$1,137,700
78$1,753,060$549,233$337,209$1,157,093
79$1,854,659$498,932$271,292$1,177,767
80$1,964,189$443,735$200,735$1,199,924
81$2,082,382$383,324$125,306$1,223,791
82$2,210,043$317,364$44,762$1,249,627
83$2,348,056$245,504$0$1,277,723
84$2,497,393$167,369$0$1,320,275
85$2,659,123$82,565$0$1,380,317
86$2,834,418$0$0$1,445,435
87$3,024,573$0$0$1,518,844
88$3,231,005$0$0$1,624,261
89$3,455,279$0$0$1,738,872
90$3,699,112$0$0$1,863,564
91$3,964,394$0$0$1,999,315
92$4,253,207$0$0$2,147,201
93$4,567,839$0$0$2,308,407
94$4,910,808$0$0$2,484,235
95$5,284,887$0$0$2,676,118
96$5,693,128$0$0$2,885,637
97$6,138,888$0$0$3,114,527
98$6,625,865$0$0$3,364,703
99$7,158,130$0$0$3,638,271
100$7,740,163$0$0$3,937,548