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%
1 years$68,458$67,848$67,253$66,673$66,106$65,827
2 years$33,890$33,259$32,647$32,054$31,479$31,198
3 years$22,369$21,735$21,125$20,537$19,971$19,696
4 years$16,610$15,978$15,374$14,796$14,244$13,977
5 years$13,155$12,527$11,930$11,365$10,828$10,570
6 years$10,852$10,229$9,642$9,089$8,568$8,319
7 years$9,208$8,590$8,012$7,472$6,968$6,729
8 years$7,976$7,363$6,795$6,268$5,781$5,551
9 years$7,018$6,411$5,853$5,339$4,868$4,648
10 years$6,252$5,651$5,102$4,602$4,148$3,937
11 years$5,626$5,031$4,492$4,005$3,567$3,365
12 years$5,104$4,515$3,987$3,513$3,091$2,898
13 years$4,663$4,081$3,562$3,102$2,696$2,511
14 years$4,286$3,709$3,200$2,753$2,363$2,187
15 years$3,959$3,388$2,889$2,456$2,081$1,913
16 years$3,673$3,109$2,620$2,199$1,839$1,680
17 years$3,421$2,863$2,384$1,975$1,630$1,479
18 years$3,197$2,646$2,176$1,780$1,450$1,306
19 years$2,997$2,452$1,992$1,609$1,292$1,156
20 years$2,818$2,278$1,828$1,457$1,154$1,025
21 years$2,655$2,122$1,682$1,322$1,033$911
22 years$2,508$1,981$1,550$1,202$926$811
23 years$2,373$1,853$1,431$1,095$831$722
24 years$2,250$1,736$1,323$999$747$644
25 years$2,137$1,629$1,226$912$672$575
26 years$2,033$1,531$1,137$834$605$514
27 years$1,937$1,441$1,056$763$546$460
28 years$1,848$1,358$981$699$493$412
29 years$1,765$1,281$913$641$445$369
30 years$1,687$1,210$851$589$402$331
31 years$1,615$1,144$793$541$363$297
32 years$1,548$1,082$740$497$329$266
33 years$1,485$1,025$691$457$297$239
34 years$1,425$971$646$420$269$215
35 years$1,369$921$604$387$244$193
36 years$1,317$874$565$356$221$173
37 years$1,267$830$528$328$200$156
38 years$1,220$789$495$303$182$140
39 years$1,176$750$464$279$165$126
40 years$1,133$714$435$257$149$113
41 years$1,093$680$407$237$136$102
42 years$1,055$647$382$219$123$92
43 years$1,019$617$359$202$112$82
44 years$985$588$337$187$101$74
45 years$952$561$316$173$92$67
46 years$921$535$297$159$83$60
47 years$891$510$279$147$76$54
48 years$863$487$262$136$69$49
49 years$835$465$246$126$63$44
50 years$809$444$232$116$57$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $829,000, adding $6,125 every year, while hoping to spend $57,971 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: 51/43/6 Blend
64$829,000$829,000$829,000$829,000
65$919,876$875,939$863,089$965,144
66$952,023$857,179$830,322$977,824
67$985,505$835,557$794,514$984,815
68$1,020,399$810,872$755,503$991,022
69$1,056,785$782,910$713,117$996,385
70$1,094,749$751,445$667,179$1,000,841
71$1,134,387$716,238$617,503$1,004,322
72$1,175,798$677,038$563,893$1,006,760
73$1,219,093$633,577$506,147$1,008,084
74$1,264,391$585,572$444,053$1,008,219
75$1,311,818$532,725$377,388$1,007,090
76$1,361,515$474,719$305,922$1,004,617
77$1,413,631$411,222$229,412$1,000,721
78$1,468,330$341,881$147,606$995,317
79$1,525,790$266,323$60,241$988,323
80$1,586,203$184,155$0$979,652
81$1,649,778$94,962$0$971,328
82$1,716,744$0$0$965,406
83$1,787,350$0$0$958,757
84$1,861,866$0$0$999,194
85$1,940,586$0$0$1,041,949
86$2,023,834$0$0$1,087,202
87$2,111,960$0$0$1,135,148
88$2,205,348$0$0$1,186,002
89$2,304,418$0$0$1,239,998
90$2,409,628$0$0$1,297,391
91$2,521,479$0$0$1,358,463
92$2,640,520$0$0$1,423,519
93$2,767,352$0$0$1,492,895
94$2,902,632$0$0$1,566,959
95$3,047,081$0$0$1,646,114
96$3,201,487$0$0$1,730,801
97$3,366,716$0$0$1,821,505
98$3,543,716$0$0$1,918,758
99$3,733,529$0$0$2,023,141
100$3,937,296$0$0$2,135,294