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%14.7%
1 years$68,871$68,257$67,659$67,075$66,504$65,215
2 years$34,095$33,460$32,844$32,247$31,669$30,375
3 years$22,504$21,866$21,252$20,661$20,092$18,834
4 years$16,710$16,074$15,466$14,885$14,330$13,117
5 years$13,234$12,602$12,002$11,433$10,893$9,730
6 years$10,918$10,291$9,700$9,143$8,619$7,507
7 years$9,264$8,642$8,061$7,517$7,010$5,948
8 years$8,024$7,408$6,836$6,306$5,815$4,803
9 years$7,060$6,450$5,888$5,371$4,897$3,935
10 years$6,290$5,685$5,133$4,630$4,173$3,259
11 years$5,660$5,061$4,519$4,030$3,589$2,723
12 years$5,135$4,543$4,011$3,535$3,110$2,291
13 years$4,691$4,105$3,583$3,120$2,712$1,938
14 years$4,311$3,732$3,220$2,770$2,377$1,647
15 years$3,982$3,409$2,907$2,470$2,093$1,405
16 years$3,695$3,128$2,635$2,212$1,850$1,202
17 years$3,441$2,880$2,398$1,987$1,640$1,031
18 years$3,216$2,662$2,189$1,791$1,458$887
19 years$3,015$2,467$2,004$1,618$1,300$764
20 years$2,835$2,292$1,839$1,466$1,161$660
21 years$2,671$2,135$1,692$1,330$1,039$570
22 years$2,523$1,993$1,559$1,209$931$493
23 years$2,388$1,864$1,440$1,102$836$427
24 years$2,264$1,746$1,331$1,005$751$370
25 years$2,150$1,639$1,233$918$676$321
26 years$2,045$1,540$1,144$839$609$279
27 years$1,949$1,450$1,062$768$549$242
28 years$1,859$1,366$987$704$496$211
29 years$1,775$1,289$919$645$447$183
30 years$1,698$1,217$856$592$404$159
31 years$1,625$1,151$798$544$366$138
32 years$1,557$1,089$744$500$331$121
33 years$1,494$1,031$695$460$299$105
34 years$1,434$977$649$423$271$91
35 years$1,378$927$607$389$245$80
36 years$1,325$880$568$358$222$69
37 years$1,275$835$532$330$202$60
38 years$1,227$794$498$304$183$53
39 years$1,183$755$466$281$166$46
40 years$1,140$718$437$259$150$40
41 years$1,100$684$410$239$136$35
42 years$1,062$651$385$220$124$30
43 years$1,025$620$361$204$112$26
44 years$991$591$339$188$102$23
45 years$958$564$318$174$93$20
46 years$927$538$299$160$84$17
47 years$897$513$281$148$76$15
48 years$868$490$264$137$69$13
49 years$840$468$248$126$63$12
50 years$814$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $834,000, adding $6,879 every year, while hoping to spend $41,320 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: 64/29/7 Blend
64$834,000$834,000$834,000$834,000
65$926,164$881,962$869,035$983,796
66$976,668$881,214$854,183$1,022,292
67$1,030,939$879,044$837,449$1,058,811
68$1,089,318$875,340$818,726$1,097,620
69$1,152,177$869,980$797,903$1,138,937
70$1,219,928$862,838$774,861$1,183,005
71$1,293,022$853,779$749,481$1,230,093
72$1,371,954$842,658$721,632$1,280,497
73$1,457,270$829,324$691,183$1,334,546
74$1,549,567$813,617$657,993$1,392,602
75$1,649,503$795,364$621,916$1,455,068
76$1,757,802$774,387$582,800$1,522,388
77$1,875,259$750,493$540,485$1,595,052
78$2,002,749$723,481$494,805$1,673,606
79$2,141,234$693,135$445,585$1,758,648
80$2,291,771$659,231$392,644$1,850,845
81$2,455,525$621,527$335,791$1,950,929
82$2,633,777$579,770$274,828$2,059,714
83$2,827,936$533,692$209,549$2,178,097
84$3,039,553$483,011$139,736$2,307,070
85$3,270,335$427,426$65,165$2,447,729
86$3,522,160$366,620$0$2,601,287
87$3,797,096$300,260$0$2,770,158
88$4,097,419$227,993$0$2,960,011
89$4,425,636$149,444$0$3,167,626
90$4,784,504$64,220$0$3,394,830
91$5,177,062$0$0$3,643,637
92$5,606,653$0$0$3,925,240
93$6,076,961$0$0$4,256,024
94$6,592,041$0$0$4,618,357
95$7,156,359$0$0$5,015,386
96$7,774,833$0$0$5,450,581
97$8,452,880$0$0$5,927,759
98$9,196,466$0$0$6,451,127
99$10,012,161$0$0$7,025,320
100$10,907,204$0$0$7,655,439