Can I retire at age 65 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,458$67,848$67,253$66,673$66,106$65,634
2 years$33,890$33,259$32,647$32,054$31,479$31,003
3 years$22,369$21,735$21,125$20,537$19,971$19,507
4 years$16,610$15,978$15,374$14,796$14,244$13,793
5 years$13,155$12,527$11,930$11,365$10,828$10,393
6 years$10,852$10,229$9,642$9,089$8,568$8,149
7 years$9,208$8,590$8,012$7,472$6,968$6,566
8 years$7,976$7,363$6,795$6,268$5,781$5,395
9 years$7,018$6,411$5,853$5,339$4,868$4,499
10 years$6,252$5,651$5,102$4,602$4,148$3,795
11 years$5,626$5,031$4,492$4,005$3,567$3,230
12 years$5,104$4,515$3,987$3,513$3,091$2,770
13 years$4,663$4,081$3,562$3,102$2,696$2,389
14 years$4,286$3,709$3,200$2,753$2,363$2,072
15 years$3,959$3,388$2,889$2,456$2,081$1,804
16 years$3,673$3,109$2,620$2,199$1,839$1,576
17 years$3,421$2,863$2,384$1,975$1,630$1,381
18 years$3,197$2,646$2,176$1,780$1,450$1,214
19 years$2,997$2,452$1,992$1,609$1,292$1,069
20 years$2,818$2,278$1,828$1,457$1,154$943
21 years$2,655$2,122$1,682$1,322$1,033$834
22 years$2,508$1,981$1,550$1,202$926$738
23 years$2,373$1,853$1,431$1,095$831$654
24 years$2,250$1,736$1,323$999$747$580
25 years$2,137$1,629$1,226$912$672$515
26 years$2,033$1,531$1,137$834$605$458
27 years$1,937$1,441$1,056$763$546$408
28 years$1,848$1,358$981$699$493$363
29 years$1,765$1,281$913$641$445$323
30 years$1,687$1,210$851$589$402$288
31 years$1,615$1,144$793$541$363$257
32 years$1,548$1,082$740$497$329$229
33 years$1,485$1,025$691$457$297$205
34 years$1,425$971$646$420$269$183
35 years$1,369$921$604$387$244$163
36 years$1,317$874$565$356$221$146
37 years$1,267$830$528$328$200$130
38 years$1,220$789$495$303$182$116
39 years$1,176$750$464$279$165$104
40 years$1,133$714$435$257$149$93
41 years$1,093$680$407$237$136$83
42 years$1,055$647$382$219$123$74
43 years$1,019$617$359$202$112$66
44 years$985$588$337$187$101$59
45 years$952$561$316$173$92$53
46 years$921$535$297$159$83$48
47 years$891$510$279$147$76$43
48 years$863$487$262$136$69$38
49 years$835$465$246$126$63$34
50 years$809$444$232$116$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $829,000, adding $3,078 every year, while hoping to spend $41,873 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: 55/26/19 Blend
64$829,000$829,000$829,000$829,000
65$916,733$872,796$859,946$962,303
66$965,687$871,010$844,202$991,985
67$1,018,231$867,734$826,527$1,019,573
68$1,074,687$862,849$806,812$1,048,696
69$1,135,409$856,232$784,943$1,079,513
70$1,200,783$847,751$760,802$1,112,198
71$1,271,237$837,265$734,263$1,146,949
72$1,347,239$824,626$705,196$1,183,982
73$1,429,302$809,678$673,465$1,223,540
74$1,517,993$792,253$638,928$1,265,891
75$1,613,930$772,176$601,434$1,311,337
76$1,717,799$749,260$560,830$1,360,207
77$1,830,348$723,308$516,951$1,412,873
78$1,952,403$694,109$469,629$1,469,743
79$2,084,872$661,444$418,685$1,531,273
80$2,228,752$625,078$363,934$1,597,967
81$2,385,141$584,764$305,183$1,670,385
82$2,555,248$540,239$242,228$1,749,149
83$2,740,400$491,228$174,860$1,834,947
84$2,942,060$437,437$102,857$1,928,542
85$3,161,837$378,558$25,989$2,030,781
86$3,401,501$314,264$0$2,142,599
87$3,663,001$244,211$0$2,276,397
88$3,948,483$168,032$0$2,428,325
89$4,260,307$85,345$0$2,594,433
90$4,601,073$0$0$2,776,186
91$4,973,643$0$0$2,976,419
92$5,381,168$0$0$3,222,220
93$5,827,117$0$0$3,491,271
94$6,315,311$0$0$3,785,888
95$6,849,956$0$0$4,108,619
96$7,435,685$0$0$4,462,271
97$8,077,599$0$0$4,849,934
98$8,781,319$0$0$5,275,013
99$9,553,032$0$0$5,741,256
100$10,399,554$0$0$6,252,795