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%12.1%
1 years$68,871$68,257$67,659$67,075$66,504$65,920
2 years$34,095$33,460$32,844$32,247$31,669$31,079
3 years$22,504$21,866$21,252$20,661$20,092$19,516
4 years$16,710$16,074$15,466$14,885$14,330$13,772
5 years$13,234$12,602$12,002$11,433$10,893$10,356
6 years$10,918$10,291$9,700$9,143$8,619$8,103
7 years$9,264$8,642$8,061$7,517$7,010$6,514
8 years$8,024$7,408$6,836$6,306$5,815$5,340
9 years$7,060$6,450$5,888$5,371$4,897$4,443
10 years$6,290$5,685$5,133$4,630$4,173$3,738
11 years$5,660$5,061$4,519$4,030$3,589$3,174
12 years$5,135$4,543$4,011$3,535$3,110$2,715
13 years$4,691$4,105$3,583$3,120$2,712$2,336
14 years$4,311$3,732$3,220$2,770$2,377$2,020
15 years$3,982$3,409$2,907$2,470$2,093$1,754
16 years$3,695$3,128$2,635$2,212$1,850$1,528
17 years$3,441$2,880$2,398$1,987$1,640$1,336
18 years$3,216$2,662$2,189$1,791$1,458$1,170
19 years$3,015$2,467$2,004$1,618$1,300$1,028
20 years$2,835$2,292$1,839$1,466$1,161$904
21 years$2,671$2,135$1,692$1,330$1,039$797
22 years$2,523$1,993$1,559$1,209$931$703
23 years$2,388$1,864$1,440$1,102$836$622
24 years$2,264$1,746$1,331$1,005$751$550
25 years$2,150$1,639$1,233$918$676$487
26 years$2,045$1,540$1,144$839$609$431
27 years$1,949$1,450$1,062$768$549$383
28 years$1,859$1,366$987$704$496$340
29 years$1,775$1,289$919$645$447$302
30 years$1,698$1,217$856$592$404$268
31 years$1,625$1,151$798$544$366$238
32 years$1,557$1,089$744$500$331$212
33 years$1,494$1,031$695$460$299$188
34 years$1,434$977$649$423$271$168
35 years$1,378$927$607$389$245$149
36 years$1,325$880$568$358$222$133
37 years$1,275$835$532$330$202$118
38 years$1,227$794$498$304$183$105
39 years$1,183$755$466$281$166$94
40 years$1,140$718$437$259$150$84
41 years$1,100$684$410$239$136$74
42 years$1,062$651$385$220$124$66
43 years$1,025$620$361$204$112$59
44 years$991$591$339$188$102$53
45 years$958$564$318$174$93$47
46 years$927$538$299$160$84$42
47 years$897$513$281$148$76$37
48 years$868$490$264$137$69$33
49 years$840$468$248$126$63$30
50 years$814$447$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $834,000, adding $5,538 every year, while hoping to spend $55,979 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: 77/15/8 Blend
64$834,000$834,000$834,000$834,000
65$924,780$880,578$867,651$994,504
66$959,547$864,166$837,157$1,024,682
67$995,983$845,072$803,764$1,050,000
68$1,034,201$823,108$767,317$1,076,132
69$1,074,320$798,072$727,654$1,103,132
70$1,116,473$769,749$684,602$1,131,067
71$1,160,801$737,915$637,984$1,160,006
72$1,207,460$702,330$587,614$1,190,028
73$1,256,618$662,741$533,296$1,221,220
74$1,308,459$618,881$474,827$1,253,681
75$1,363,184$570,468$411,996$1,287,517
76$1,421,010$517,202$344,579$1,322,849
77$1,482,176$458,768$272,345$1,359,810
78$1,546,942$394,832$195,053$1,398,549
79$1,615,592$325,040$112,449$1,439,231
80$1,688,436$249,021$24,270$1,482,039
81$1,765,814$166,381$0$1,527,176
82$1,848,097$76,704$0$1,580,830
83$1,935,692$0$0$1,639,889
84$2,029,042$0$0$1,705,958
85$2,128,635$0$0$1,789,970
86$2,235,005$0$0$1,879,717
87$2,348,736$0$0$1,975,693
88$2,470,468$0$0$2,078,443
89$2,600,906$0$0$2,188,563
90$2,740,819$0$0$2,306,705
91$2,891,054$0$0$2,433,587
92$3,052,539$0$0$2,569,996
93$3,226,294$0$0$2,716,798
94$3,413,436$0$0$2,874,939
95$3,615,197$0$0$3,045,464
96$3,832,925$0$0$3,229,516
97$4,068,104$0$0$3,428,354
98$4,322,364$0$0$3,643,361
99$4,597,497$0$0$3,876,056
100$4,895,473$0$0$4,128,109