Can I retire at age 65 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$68,788$68,176$67,578$66,994$66,425$65,758
2 years$34,054$33,419$32,805$32,209$31,631$30,960
3 years$22,477$21,840$21,227$20,637$20,068$19,413
4 years$16,690$16,055$15,448$14,867$14,313$13,679
5 years$13,218$12,587$11,988$11,420$10,880$10,269
6 years$10,905$10,278$9,688$9,132$8,609$8,022
7 years$9,253$8,632$8,051$7,508$7,002$6,438
8 years$8,015$7,399$6,828$6,298$5,808$5,269
9 years$7,052$6,442$5,881$5,365$4,892$4,376
10 years$6,282$5,678$5,127$4,625$4,168$3,675
11 years$5,653$5,055$4,514$4,025$3,584$3,115
12 years$5,129$4,537$4,006$3,530$3,106$2,659
13 years$4,686$4,100$3,579$3,117$2,709$2,284
14 years$4,306$3,727$3,216$2,767$2,374$1,971
15 years$3,978$3,405$2,903$2,467$2,091$1,708
16 years$3,691$3,124$2,632$2,209$1,848$1,485
17 years$3,437$2,877$2,395$1,985$1,638$1,295
18 years$3,213$2,658$2,187$1,789$1,457$1,133
19 years$3,012$2,464$2,002$1,616$1,298$992
20 years$2,831$2,289$1,837$1,464$1,160$871
21 years$2,668$2,133$1,690$1,329$1,038$766
22 years$2,520$1,991$1,557$1,208$930$675
23 years$2,385$1,862$1,438$1,100$835$595
24 years$2,261$1,744$1,330$1,003$751$525
25 years$2,148$1,637$1,232$916$675$464
26 years$2,043$1,539$1,142$838$608$410
27 years$1,946$1,448$1,061$767$549$363
28 years$1,857$1,364$986$703$495$321
29 years$1,773$1,287$918$644$447$284
30 years$1,696$1,216$855$591$404$252
31 years$1,623$1,149$797$543$365$224
32 years$1,555$1,087$744$499$330$198
33 years$1,492$1,030$694$459$299$176
34 years$1,432$976$649$422$271$156
35 years$1,376$926$606$389$245$139
36 years$1,323$879$567$358$222$123
37 years$1,273$834$531$330$201$109
38 years$1,226$793$497$304$182$97
39 years$1,181$754$466$280$165$86
40 years$1,139$717$437$259$150$77
41 years$1,099$683$409$239$136$68
42 years$1,061$650$384$220$124$61
43 years$1,024$620$360$203$112$54
44 years$990$591$338$188$102$48
45 years$957$563$318$173$92$43
46 years$925$537$298$160$84$38
47 years$895$513$280$148$76$34
48 years$867$490$263$137$69$30
49 years$839$467$248$126$63$27
50 years$813$447$233$117$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $833,000, adding $2,396 every year, while hoping to spend $50,068 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: 55/29/16 Blend
64$833,000$833,000$833,000$833,000
65$920,437$876,288$863,377$967,034
66$961,050$865,955$839,028$988,697
67$1,004,127$853,436$812,186$1,006,686
68$1,049,867$838,574$782,713$1,025,146
69$1,098,487$821,198$750,467$1,044,131
70$1,150,225$801,128$715,300$1,063,708
71$1,205,340$778,176$677,055$1,083,950
72$1,264,117$752,139$635,569$1,104,943
73$1,326,869$722,805$590,671$1,126,782
74$1,393,936$689,949$542,185$1,149,576
75$1,465,693$653,332$489,924$1,173,450
76$1,542,551$612,703$433,694$1,198,543
77$1,624,961$567,795$373,292$1,225,015
78$1,713,415$518,325$308,507$1,253,044
79$1,808,458$463,998$239,116$1,282,832
80$1,910,684$404,496$164,889$1,314,606
81$2,020,746$339,489$85,585$1,348,621
82$2,139,362$268,624$953$1,385,164
83$2,267,321$191,531$0$1,424,557
84$2,405,489$107,817$0$1,482,416
85$2,554,817$17,069$0$1,545,054
86$2,716,352$0$0$1,612,809
87$2,891,243$0$0$1,712,135
88$3,080,755$0$0$1,825,730
89$3,286,276$0$0$1,948,989
90$3,509,336$0$0$2,082,837
91$3,751,616$0$0$2,228,291
92$4,014,965$0$0$2,386,472
93$4,301,417$0$0$2,558,610
94$4,613,210$0$0$2,746,061
95$4,952,808$0$0$2,950,315
96$5,322,919$0$0$3,173,015
97$5,726,526$0$0$3,415,965
98$6,166,913$0$0$3,681,155
99$6,647,692$0$0$3,970,772
100$7,172,841$0$0$4,287,225