Can I retire at age 65 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,706$68,094$67,497$66,914$66,345$65,625
2 years$34,013$33,379$32,765$32,170$31,593$30,868
3 years$22,450$21,814$21,201$20,612$20,044$19,336
4 years$16,670$16,035$15,429$14,850$14,295$13,611
5 years$13,202$12,572$11,974$11,406$10,867$10,208
6 years$10,892$10,266$9,677$9,121$8,599$7,965
7 years$9,242$8,621$8,041$7,499$6,993$6,385
8 years$8,005$7,390$6,820$6,291$5,801$5,220
9 years$7,043$6,434$5,874$5,358$4,886$4,330
10 years$6,275$5,672$5,121$4,619$4,163$3,633
11 years$5,646$5,049$4,508$4,020$3,580$3,075
12 years$5,123$4,532$4,001$3,526$3,103$2,622
13 years$4,680$4,095$3,575$3,113$2,705$2,249
14 years$4,301$3,723$3,212$2,763$2,372$1,938
15 years$3,973$3,401$2,900$2,464$2,088$1,677
16 years$3,686$3,120$2,629$2,207$1,845$1,456
17 years$3,433$2,873$2,392$1,983$1,636$1,268
18 years$3,209$2,655$2,184$1,787$1,455$1,107
19 years$3,008$2,461$1,999$1,614$1,297$969
20 years$2,828$2,287$1,835$1,462$1,158$849
21 years$2,665$2,130$1,688$1,327$1,037$746
22 years$2,517$1,988$1,555$1,207$929$656
23 years$2,382$1,860$1,436$1,099$834$577
24 years$2,258$1,742$1,328$1,002$750$509
25 years$2,145$1,635$1,230$915$675$449
26 years$2,041$1,537$1,141$837$608$396
27 years$1,944$1,446$1,060$766$548$350
28 years$1,854$1,363$985$702$494$309
29 years$1,771$1,286$917$644$446$273
30 years$1,694$1,214$854$591$403$242
31 years$1,621$1,148$796$542$365$214
32 years$1,553$1,086$743$499$330$190
33 years$1,490$1,028$693$458$299$168
34 years$1,430$975$648$422$270$149
35 years$1,374$925$606$388$245$132
36 years$1,321$878$567$358$222$117
37 years$1,272$833$530$330$201$104
38 years$1,224$792$497$304$182$92
39 years$1,180$753$465$280$165$82
40 years$1,137$717$436$258$150$72
41 years$1,097$682$409$238$136$64
42 years$1,059$650$384$220$123$57
43 years$1,023$619$360$203$112$51
44 years$989$590$338$187$102$45
45 years$956$563$317$173$92$40
46 years$924$537$298$160$84$35
47 years$894$512$280$148$76$31
48 years$866$489$263$137$69$28
49 years$838$467$247$126$63$25
50 years$812$446$232$117$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $832,000, adding $6,137 every year, while hoping to spend $59,575 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: 57/22/21 Blend
64$832,000$832,000$832,000$832,000
65$923,194$879,098$866,202$970,289
66$953,973$858,787$831,833$982,771
67$985,894$835,483$794,315$989,453
68$1,019,012$808,978$753,481$995,432
69$1,053,383$779,050$709,155$1,000,656
70$1,089,068$745,464$661,152$1,005,069
71$1,126,133$707,972$609,280$1,008,612
72$1,164,647$666,311$553,340$1,011,226
73$1,204,685$620,204$493,120$1,012,847
74$1,246,325$569,356$428,402$1,013,411
75$1,289,654$513,458$358,957$1,012,850
76$1,334,762$452,182$284,546$1,011,094
77$1,381,749$385,180$204,920$1,008,070
78$1,430,720$312,086$119,817$1,003,706
79$1,481,790$232,514$28,967$997,923
80$1,535,080$146,055$0$990,644
81$1,590,723$52,277$0$997,021
82$1,648,862$0$0$1,009,656
83$1,709,653$0$0$1,033,966
84$1,773,260$0$0$1,072,662
85$1,839,867$0$0$1,113,203
86$1,909,667$0$0$1,155,709
87$1,982,875$0$0$1,200,313
88$2,059,720$0$0$1,247,158
89$2,140,453$0$0$1,296,401
90$2,225,346$0$0$1,348,210
91$2,314,695$0$0$1,402,771
92$2,408,822$0$0$1,460,284
93$2,508,078$0$0$1,520,967
94$2,612,845$0$0$1,585,060
95$2,723,539$0$0$1,652,823
96$2,840,617$0$0$1,724,538
97$2,964,574$0$0$1,800,518
98$3,095,951$0$0$1,881,100
99$3,235,343$0$0$1,966,654
100$3,383,396$0$0$2,057,586