Can I retire at age 65 with 828,000?

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 $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%14.9%
1 years$68,375$67,766$67,172$66,592$66,026$64,693
2 years$33,849$33,219$32,608$32,015$31,441$30,104
3 years$22,342$21,709$21,099$20,513$19,947$18,648
4 years$16,590$15,958$15,355$14,778$14,227$12,975
5 years$13,139$12,512$11,916$11,351$10,815$9,614
6 years$10,839$10,217$9,630$9,078$8,557$7,409
7 years$9,197$8,580$8,003$7,463$6,959$5,864
8 years$7,966$7,355$6,787$6,261$5,774$4,730
9 years$7,010$6,403$5,845$5,333$4,862$3,870
10 years$6,244$5,644$5,096$4,597$4,143$3,202
11 years$5,619$5,025$4,487$4,001$3,563$2,672
12 years$5,098$4,510$3,982$3,509$3,088$2,244
13 years$4,658$4,076$3,557$3,098$2,692$1,896
14 years$4,280$3,705$3,196$2,750$2,360$1,609
15 years$3,954$3,384$2,886$2,453$2,078$1,371
16 years$3,668$3,105$2,617$2,196$1,837$1,171
17 years$3,417$2,860$2,381$1,973$1,628$1,004
18 years$3,193$2,642$2,173$1,778$1,448$862
19 years$2,994$2,449$1,990$1,607$1,291$742
20 years$2,814$2,276$1,826$1,455$1,153$639
21 years$2,652$2,120$1,680$1,321$1,032$551
22 years$2,505$1,979$1,548$1,201$925$476
23 years$2,370$1,851$1,429$1,094$830$412
24 years$2,248$1,734$1,322$997$746$357
25 years$2,135$1,627$1,224$911$671$309
26 years$2,031$1,529$1,136$833$605$268
27 years$1,935$1,439$1,054$762$545$232
28 years$1,845$1,356$980$698$492$201
29 years$1,763$1,279$912$641$444$175
30 years$1,685$1,208$850$588$401$152
31 years$1,613$1,142$792$540$363$132
32 years$1,546$1,081$739$496$328$115
33 years$1,483$1,024$690$456$297$100
34 years$1,423$970$645$420$269$87
35 years$1,368$920$603$386$244$75
36 years$1,315$873$564$356$221$65
37 years$1,265$829$528$328$200$57
38 years$1,218$788$494$302$181$49
39 years$1,174$750$463$279$164$43
40 years$1,132$713$434$257$149$37
41 years$1,092$679$407$237$135$33
42 years$1,054$647$382$219$123$28
43 years$1,018$616$358$202$111$25
44 years$984$587$336$187$101$21
45 years$951$560$316$172$92$19
46 years$920$534$297$159$83$16
47 years$890$510$279$147$76$14
48 years$862$487$262$136$69$12
49 years$834$465$246$126$62$11
50 years$808$444$231$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $828,000, adding $3,452 every year, while hoping to spend $47,694 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: 40/35/25 Blend
64$828,000$828,000$828,000$828,000
65$916,017$872,133$859,299$945,769
66$958,704$864,121$837,339$959,572
67$1,004,148$854,119$813,046$969,760
68$1,052,577$841,977$786,289$979,847
69$1,104,246$827,540$756,936$989,850
70$1,159,431$810,641$724,844$999,796
71$1,218,434$791,104$689,869$1,009,715
72$1,281,590$768,743$651,854$1,019,646
73$1,349,262$743,361$610,641$1,029,636
74$1,421,850$714,750$566,061$1,039,741
75$1,499,794$682,687$517,939$1,050,030
76$1,583,575$646,941$466,092$1,060,580
77$1,673,721$607,263$410,328$1,071,486
78$1,770,815$563,393$350,448$1,082,855
79$1,875,492$515,053$286,243$1,094,814
80$1,988,455$461,953$217,494$1,107,508
81$2,110,471$403,783$143,974$1,121,104
82$2,242,389$340,218$65,447$1,135,794
83$2,385,136$270,912$0$1,151,798
84$2,539,735$195,502$0$1,174,262
85$2,707,310$113,604$0$1,217,523
86$2,889,096$24,810$0$1,264,501
87$3,086,452$0$0$1,315,635
88$3,300,872$0$0$1,398,882
89$3,534,000$0$0$1,499,876
90$3,787,645$0$0$1,609,859
91$4,063,797$0$0$1,729,705
92$4,364,646$0$0$1,860,378
93$4,692,601$0$0$2,002,939
94$5,050,314$0$0$2,158,553
95$5,440,705$0$0$2,328,508
96$5,866,987$0$0$2,514,215
97$6,332,696$0$0$2,717,233
98$6,841,726$0$0$2,939,276
99$7,398,365$0$0$3,182,231
100$8,007,333$0$0$3,448,176