Can I retire at age 65 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$69,119$68,503$67,902$67,316$66,744$65,964
2 years$34,217$33,580$32,962$32,363$31,783$30,998
3 years$22,585$21,945$21,329$20,736$20,164$19,399
4 years$16,770$16,132$15,522$14,939$14,381$13,641
5 years$13,282$12,648$12,046$11,474$10,932$10,220
6 years$10,957$10,328$9,735$9,176$8,650$7,966
7 years$9,297$8,673$8,090$7,544$7,035$6,379
8 years$8,053$7,434$6,861$6,329$5,836$5,209
9 years$7,086$6,473$5,909$5,391$4,915$4,316
10 years$6,312$5,706$5,152$4,647$4,188$3,616
11 years$5,680$5,079$4,535$4,044$3,602$3,057
12 years$5,153$4,559$4,025$3,547$3,121$2,603
13 years$4,708$4,120$3,596$3,132$2,722$2,230
14 years$4,327$3,745$3,231$2,780$2,386$1,919
15 years$3,997$3,421$2,917$2,479$2,101$1,659
16 years$3,708$3,139$2,645$2,220$1,857$1,438
17 years$3,454$2,891$2,407$1,995$1,646$1,251
18 years$3,228$2,671$2,197$1,797$1,464$1,091
19 years$3,026$2,476$2,011$1,624$1,305$953
20 years$2,845$2,300$1,846$1,471$1,165$834
21 years$2,681$2,143$1,698$1,335$1,043$731
22 years$2,532$2,000$1,565$1,214$935$642
23 years$2,396$1,871$1,445$1,105$839$564
24 years$2,272$1,753$1,336$1,008$754$496
25 years$2,158$1,645$1,238$921$679$437
26 years$2,053$1,546$1,148$842$611$385
27 years$1,956$1,455$1,066$771$551$340
28 years$1,865$1,371$991$706$497$300
29 years$1,782$1,293$922$647$449$265
30 years$1,704$1,221$859$594$406$234
31 years$1,631$1,155$801$546$367$207
32 years$1,563$1,093$747$502$332$183
33 years$1,499$1,035$698$461$300$162
34 years$1,439$981$652$424$272$143
35 years$1,383$930$609$391$246$127
36 years$1,329$883$570$360$223$112
37 years$1,279$838$534$331$202$99
38 years$1,232$797$500$306$183$88
39 years$1,187$758$468$282$166$78
40 years$1,144$721$439$260$151$69
41 years$1,104$686$411$240$137$61
42 years$1,066$654$386$221$124$54
43 years$1,029$623$362$204$113$48
44 years$994$594$340$189$102$42
45 years$961$566$319$174$93$38
46 years$930$540$300$161$84$33
47 years$900$515$282$149$77$29
48 years$871$492$265$137$70$26
49 years$844$470$249$127$63$23
50 years$817$449$234$117$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $837,000, adding $6,171 every year, while hoping to spend $40,059 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: 48/27/25 Blend
64$837,000$837,000$837,000$837,000
65$928,739$884,378$871,405$966,449
66$980,848$885,090$857,974$994,201
67$1,036,930$884,495$842,752$1,019,858
68$1,097,347$882,485$825,634$1,046,922
69$1,162,498$878,948$806,514$1,075,543
70$1,232,820$873,765$785,280$1,105,891
71$1,308,796$866,807$761,815$1,138,153
72$1,390,953$857,941$735,996$1,172,539
73$1,479,874$847,023$707,695$1,209,284
74$1,576,196$833,902$676,778$1,248,648
75$1,680,622$818,418$643,104$1,290,920
76$1,793,924$800,399$606,527$1,336,424
77$1,916,953$779,667$566,894$1,385,519
78$2,050,643$756,031$524,045$1,438,603
79$2,196,020$729,289$477,813$1,496,119
80$2,354,217$699,227$428,022$1,558,562
81$2,526,477$665,619$374,491$1,626,477
82$2,714,170$628,226$317,029$1,700,472
83$2,918,802$586,797$255,436$1,781,222
84$3,142,032$541,062$189,506$1,869,474
85$3,385,686$490,740$119,020$1,966,058
86$3,651,771$435,532$43,753$2,071,894
87$3,942,501$375,122$0$2,188,001
88$4,260,310$309,177$0$2,325,265
89$4,607,879$237,344$0$2,488,271
90$4,988,161$159,252$0$2,666,792
91$5,404,405$74,507$0$2,862,435
92$5,860,190$0$0$3,076,976
93$6,359,459$0$0$3,317,516
94$6,906,551$0$0$3,605,444
95$7,506,247$0$0$3,921,152
96$8,163,811$0$0$4,267,423
97$8,885,043$0$0$4,647,322
98$9,676,329$0$0$5,064,227
99$10,544,704$0$0$5,521,857
100$11,497,918$0$0$6,024,308