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 years$68,871$68,257$67,659$67,075$66,504$65,947
2 years$34,095$33,460$32,844$32,247$31,669$31,107
3 years$22,504$21,866$21,252$20,661$20,092$19,543
4 years$16,710$16,074$15,466$14,885$14,330$13,798
5 years$13,234$12,602$12,002$11,433$10,893$10,381
6 years$10,918$10,291$9,700$9,143$8,619$8,126
7 years$9,264$8,642$8,061$7,517$7,010$6,537
8 years$8,024$7,408$6,836$6,306$5,815$5,362
9 years$7,060$6,450$5,888$5,371$4,897$4,463
10 years$6,290$5,685$5,133$4,630$4,173$3,758
11 years$5,660$5,061$4,519$4,030$3,589$3,193
12 years$5,135$4,543$4,011$3,535$3,110$2,733
13 years$4,691$4,105$3,583$3,120$2,712$2,353
14 years$4,311$3,732$3,220$2,770$2,377$2,036
15 years$3,982$3,409$2,907$2,470$2,093$1,769
16 years$3,695$3,128$2,635$2,212$1,850$1,543
17 years$3,441$2,880$2,398$1,987$1,640$1,349
18 years$3,216$2,662$2,189$1,791$1,458$1,183
19 years$3,015$2,467$2,004$1,618$1,300$1,040
20 years$2,835$2,292$1,839$1,466$1,161$915
21 years$2,671$2,135$1,692$1,330$1,039$807
22 years$2,523$1,993$1,559$1,209$931$713
23 years$2,388$1,864$1,440$1,102$836$630
24 years$2,264$1,746$1,331$1,005$751$558
25 years$2,150$1,639$1,233$918$676$495
26 years$2,045$1,540$1,144$839$609$439
27 years$1,949$1,450$1,062$768$549$389
28 years$1,859$1,366$987$704$496$346
29 years$1,775$1,289$919$645$447$307
30 years$1,698$1,217$856$592$404$273
31 years$1,625$1,151$798$544$366$243
32 years$1,557$1,089$744$500$331$216
33 years$1,494$1,031$695$460$299$193
34 years$1,434$977$649$423$271$172
35 years$1,378$927$607$389$245$153
36 years$1,325$880$568$358$222$136
37 years$1,275$835$532$330$202$121
38 years$1,227$794$498$304$183$108
39 years$1,183$755$466$281$166$96
40 years$1,140$718$437$259$150$86
41 years$1,100$684$410$239$136$77
42 years$1,062$651$385$220$124$68
43 years$1,025$620$361$204$112$61
44 years$991$591$339$188$102$54
45 years$958$564$318$174$93$49
46 years$927$538$299$160$84$43
47 years$897$513$281$148$76$39
48 years$868$490$264$137$69$34
49 years$840$468$248$126$63$31
50 years$814$447$233$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $834,000, adding $4,550 every year, while hoping to spend $49,827 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: 44/33/23 Blend
64$834,000$834,000$834,000$834,000
65$923,761$879,559$866,632$958,071
66$964,969$869,642$842,649$972,885
67$1,008,711$857,569$816,192$983,741
68$1,055,191$843,182$787,126$994,508
69$1,104,636$826,313$755,310$1,005,202
70$1,157,291$806,784$720,595$1,015,847
71$1,213,426$784,408$682,827$1,026,473
72$1,273,337$758,986$641,843$1,037,114
73$1,337,347$730,306$597,475$1,047,815
74$1,405,812$698,146$549,545$1,058,629
75$1,479,119$662,270$497,870$1,069,618
76$1,557,697$622,429$442,256$1,080,859
77$1,642,012$578,358$382,501$1,092,438
78$1,732,578$529,778$318,396$1,104,458
79$1,829,959$476,395$249,720$1,117,039
80$1,934,773$417,897$176,244$1,130,317
81$2,047,701$353,955$97,729$1,144,453
82$2,169,488$284,220$13,925$1,159,627
83$2,300,954$208,325$0$1,176,048
84$2,443,001$125,883$0$1,212,485
85$2,596,617$36,481$0$1,255,530
86$2,762,892$0$0$1,302,138
87$2,943,022$0$0$1,374,633
88$3,138,323$0$0$1,467,680
89$3,350,239$0$0$1,568,732
90$3,580,364$0$0$1,678,559
91$3,830,445$0$0$1,798,008
92$4,102,409$0$0$1,928,010
93$4,398,373$0$0$2,069,590
94$4,720,666$0$0$2,223,876
95$5,071,854$0$0$2,392,110
96$5,454,758$0$0$2,575,658
97$5,872,484$0$0$2,776,024
98$6,328,451$0$0$2,994,863
99$6,826,420$0$0$3,233,998
100$7,370,535$0$0$3,495,434