Can I retire at age 65 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$68,623$68,012$67,416$66,833$66,265$65,519
2 years$33,972$33,339$32,726$32,131$31,555$30,803
3 years$22,423$21,788$21,176$20,587$20,020$19,286
4 years$16,650$16,016$15,411$14,832$14,278$13,569
5 years$13,187$12,557$11,959$11,392$10,854$10,171
6 years$10,879$10,254$9,665$9,110$8,588$7,932
7 years$9,231$8,611$8,032$7,490$6,985$6,356
8 years$7,995$7,381$6,811$6,283$5,794$5,192
9 years$7,035$6,427$5,867$5,352$4,880$4,305
10 years$6,267$5,665$5,115$4,613$4,158$3,609
11 years$5,639$5,043$4,503$4,015$3,576$3,053
12 years$5,117$4,526$3,996$3,522$3,099$2,602
13 years$4,674$4,090$3,570$3,109$2,702$2,230
14 years$4,296$3,718$3,208$2,760$2,369$1,921
15 years$3,968$3,397$2,896$2,461$2,086$1,661
16 years$3,682$3,116$2,626$2,204$1,843$1,441
17 years$3,429$2,870$2,390$1,980$1,634$1,254
18 years$3,205$2,652$2,181$1,785$1,453$1,094
19 years$3,004$2,458$1,997$1,613$1,295$957
20 years$2,824$2,284$1,833$1,460$1,157$838
21 years$2,662$2,127$1,686$1,325$1,035$735
22 years$2,514$1,986$1,554$1,205$928$646
23 years$2,379$1,857$1,435$1,098$833$568
24 years$2,256$1,740$1,327$1,001$749$500
25 years$2,142$1,633$1,229$914$674$441
26 years$2,038$1,535$1,140$836$607$389
27 years$1,942$1,444$1,058$765$547$343
28 years$1,852$1,361$984$701$494$303
29 years$1,769$1,284$915$643$446$268
30 years$1,692$1,213$853$590$403$237
31 years$1,619$1,146$795$542$364$210
32 years$1,552$1,085$742$498$329$185
33 years$1,488$1,027$693$458$298$164
34 years$1,429$974$647$421$270$145
35 years$1,373$923$605$388$244$129
36 years$1,320$876$566$357$222$114
37 years$1,270$832$530$329$201$101
38 years$1,223$791$496$303$182$89
39 years$1,178$752$465$280$165$79
40 years$1,136$716$436$258$150$70
41 years$1,096$681$408$238$136$62
42 years$1,058$649$383$220$123$55
43 years$1,022$618$360$203$112$49
44 years$987$589$337$187$102$43
45 years$955$562$317$173$92$39
46 years$923$536$298$160$84$34
47 years$893$512$280$148$76$30
48 years$865$488$263$136$69$27
49 years$837$466$247$126$63$24
50 years$811$445$232$116$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $831,000, adding $6,204 every year, while hoping to spend $39,084 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: 41/33/26 Blend
64$831,000$831,000$831,000$831,000
65$922,161$878,118$865,238$952,700
66$974,637$879,561$852,638$976,724
67$1,031,155$879,765$838,307$998,567
68$1,092,086$878,627$822,144$1,021,450
69$1,157,839$876,040$804,046$1,045,493
70$1,228,861$871,888$783,904$1,070,828
71$1,305,645$866,050$761,604$1,097,606
72$1,388,730$858,396$737,027$1,125,995
73$1,478,712$848,790$710,050$1,156,181
74$1,576,246$837,085$680,541$1,188,376
75$1,682,048$823,127$648,364$1,222,814
76$1,796,911$806,755$613,379$1,259,758
77$1,921,704$787,793$575,434$1,299,501
78$2,057,382$766,060$534,377$1,342,370
79$2,205,000$741,362$490,043$1,388,731
80$2,365,714$713,493$442,263$1,438,989
81$2,540,799$682,236$390,861$1,493,598
82$2,731,657$647,362$335,651$1,553,063
83$2,939,830$608,627$276,440$1,617,944
84$3,167,018$565,775$213,026$1,688,866
85$3,415,090$518,534$145,198$1,766,523
86$3,686,104$466,616$72,737$1,851,687
87$3,982,325$409,720$0$1,945,214
88$4,306,249$347,522$0$2,049,331
89$4,660,621$279,686$0$2,185,437
90$5,048,466$205,852$0$2,334,574
91$5,473,114$125,642$0$2,498,115
92$5,938,231$38,659$0$2,677,579
93$6,447,856$0$0$2,874,643
94$7,006,437$0$0$3,111,323
95$7,618,871$0$0$3,386,322
96$8,290,554$0$0$3,688,037
97$9,027,427$0$0$4,019,150
98$9,836,035$0$0$4,382,617
99$10,723,587$0$0$4,781,694
100$11,698,024$0$0$5,219,965