Can I retire at age 65 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$68,871$68,257$67,659$67,075$66,504$65,162
2 years$34,095$33,460$32,844$32,247$31,669$30,322
3 years$22,504$21,866$21,252$20,661$20,092$18,783
4 years$16,710$16,074$15,466$14,885$14,330$13,069
5 years$13,234$12,602$12,002$11,433$10,893$9,684
6 years$10,918$10,291$9,700$9,143$8,619$7,463
7 years$9,264$8,642$8,061$7,517$7,010$5,906
8 years$8,024$7,408$6,836$6,306$5,815$4,764
9 years$7,060$6,450$5,888$5,371$4,897$3,899
10 years$6,290$5,685$5,133$4,630$4,173$3,225
11 years$5,660$5,061$4,519$4,030$3,589$2,691
12 years$5,135$4,543$4,011$3,535$3,110$2,261
13 years$4,691$4,105$3,583$3,120$2,712$1,910
14 years$4,311$3,732$3,220$2,770$2,377$1,621
15 years$3,982$3,409$2,907$2,470$2,093$1,381
16 years$3,695$3,128$2,635$2,212$1,850$1,180
17 years$3,441$2,880$2,398$1,987$1,640$1,011
18 years$3,216$2,662$2,189$1,791$1,458$868
19 years$3,015$2,467$2,004$1,618$1,300$747
20 years$2,835$2,292$1,839$1,466$1,161$644
21 years$2,671$2,135$1,692$1,330$1,039$555
22 years$2,523$1,993$1,559$1,209$931$480
23 years$2,388$1,864$1,440$1,102$836$415
24 years$2,264$1,746$1,331$1,005$751$359
25 years$2,150$1,639$1,233$918$676$311
26 years$2,045$1,540$1,144$839$609$270
27 years$1,949$1,450$1,062$768$549$234
28 years$1,859$1,366$987$704$496$203
29 years$1,775$1,289$919$645$447$176
30 years$1,698$1,217$856$592$404$153
31 years$1,625$1,151$798$544$366$133
32 years$1,557$1,089$744$500$331$115
33 years$1,494$1,031$695$460$299$100
34 years$1,434$977$649$423$271$87
35 years$1,378$927$607$389$245$76
36 years$1,325$880$568$358$222$66
37 years$1,275$835$532$330$202$57
38 years$1,227$794$498$304$183$50
39 years$1,183$755$466$281$166$43
40 years$1,140$718$437$259$150$38
41 years$1,100$684$410$239$136$33
42 years$1,062$651$385$220$124$29
43 years$1,025$620$361$204$112$25
44 years$991$591$339$188$102$22
45 years$958$564$318$174$93$19
46 years$927$538$299$160$84$16
47 years$897$513$281$148$76$14
48 years$868$490$264$137$69$12
49 years$840$468$248$126$63$11
50 years$814$447$233$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $834,000, adding $5,558 every year, while hoping to spend $43,237 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: 73/15/12 Blend
64$834,000$834,000$834,000$834,000
65$924,801$880,599$867,672$989,644
66$973,127$877,745$850,735$1,030,412
67$1,024,933$873,301$831,782$1,069,162
68$1,080,528$867,145$810,699$1,110,431
69$1,140,253$859,146$787,368$1,154,457
70$1,204,478$849,164$761,665$1,201,502
71$1,273,615$837,052$733,460$1,251,857
72$1,348,111$822,655$702,618$1,305,841
73$1,428,460$805,807$668,997$1,363,808
74$1,515,204$786,333$632,450$1,426,147
75$1,608,939$764,047$592,821$1,493,291
76$1,710,319$738,754$549,949$1,565,715
77$1,820,064$710,245$503,665$1,643,944
78$1,938,965$678,301$453,792$1,728,558
79$2,067,891$642,690$400,145$1,820,198
80$2,207,798$603,164$342,533$1,919,570
81$2,359,740$559,465$280,754$2,027,454
82$2,524,871$511,317$214,597$2,144,714
83$2,704,466$458,430$143,844$2,272,298
84$2,899,925$400,496$68,266$2,411,258
85$3,112,788$337,191$0$2,562,753
86$3,344,750$268,171$0$2,729,648
87$3,597,678$193,075$0$2,921,199
88$3,873,625$111,520$0$3,130,248
89$4,174,852$23,102$0$3,358,551
90$4,503,847$0$0$3,608,042
91$4,863,349$0$0$3,892,837
92$5,256,373$0$0$4,208,394
93$5,686,240$0$0$4,553,570
94$6,156,606$0$0$4,931,306
95$6,671,496$0$0$5,344,839
96$7,235,342$0$0$5,797,734
97$7,853,026$0$0$6,293,918
98$8,529,924$0$0$6,837,714
99$9,271,956$0$0$7,433,885
100$10,085,643$0$0$8,087,675