Can I retire at age 65 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$69,201$68,585$67,983$67,396$66,823$65,181
2 years$34,258$33,620$33,002$32,402$31,821$30,177
3 years$22,612$21,971$21,354$20,760$20,188$18,594
4 years$16,790$16,151$15,540$14,957$14,398$12,865
5 years$13,298$12,663$12,060$11,488$10,945$9,478
6 years$10,970$10,340$9,746$9,187$8,661$7,261
7 years$9,308$8,684$8,099$7,553$7,044$5,711
8 years$8,063$7,443$6,869$6,336$5,843$4,577
9 years$7,094$6,481$5,916$5,397$4,921$3,721
10 years$6,320$5,712$5,158$4,652$4,193$3,057
11 years$5,687$5,086$4,541$4,049$3,606$2,533
12 years$5,160$4,564$4,030$3,551$3,125$2,113
13 years$4,714$4,125$3,600$3,135$2,725$1,772
14 years$4,332$3,749$3,235$2,783$2,389$1,493
15 years$4,002$3,425$2,921$2,482$2,103$1,262
16 years$3,713$3,143$2,648$2,223$1,859$1,070
17 years$3,458$2,894$2,410$1,997$1,648$909
18 years$3,232$2,674$2,200$1,800$1,465$775
19 years$3,030$2,479$2,014$1,626$1,306$661
20 years$2,848$2,303$1,848$1,473$1,167$565
21 years$2,684$2,145$1,700$1,337$1,044$483
22 years$2,535$2,003$1,567$1,215$936$414
23 years$2,399$1,873$1,447$1,107$840$355
24 years$2,275$1,755$1,338$1,009$755$305
25 years$2,160$1,647$1,239$922$679$262
26 years$2,055$1,548$1,149$843$612$225
27 years$1,958$1,457$1,067$772$552$193
28 years$1,868$1,373$992$707$498$166
29 years$1,784$1,295$923$648$450$143
30 years$1,706$1,223$860$595$406$123
31 years$1,633$1,156$802$546$367$106
32 years$1,565$1,094$748$502$332$91
33 years$1,501$1,036$698$462$301$78
34 years$1,441$982$653$425$272$68
35 years$1,384$931$610$391$247$58
36 years$1,331$884$571$360$223$50
37 years$1,281$839$534$332$202$43
38 years$1,233$798$500$306$184$37
39 years$1,188$759$469$282$166$32
40 years$1,146$722$439$260$151$28
41 years$1,105$687$412$240$137$24
42 years$1,067$654$386$222$124$21
43 years$1,030$623$363$204$113$18
44 years$996$594$340$189$102$15
45 years$963$567$320$174$93$13
46 years$931$541$300$161$84$11
47 years$901$516$282$149$77$10
48 years$872$492$265$138$70$8
49 years$845$470$249$127$63$7
50 years$818$449$234$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $838,000, adding $3,103 every year, while hoping to spend $28,306 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: 80/6/14 Blend
64$838,000$838,000$838,000$838,000
65$926,677$882,263$869,274$997,977
66$991,080$895,376$868,277$1,058,410
67$1,061,105$908,184$866,298$1,120,748
68$1,137,293$920,640$863,275$1,188,349
69$1,220,242$932,697$859,140$1,261,728
70$1,310,612$944,304$853,826$1,341,452
71$1,409,125$955,406$847,260$1,428,146
72$1,516,579$965,944$839,366$1,522,497
73$1,633,850$975,855$830,065$1,625,263
74$1,761,904$985,073$819,274$1,737,280
75$1,901,804$993,528$806,905$1,859,467
76$2,054,719$1,001,142$792,868$1,992,837
77$2,221,938$1,007,836$777,067$2,138,508
78$2,404,880$1,013,523$759,402$2,297,710
79$2,605,104$1,018,113$739,769$2,471,799
80$2,824,332$1,021,507$718,058$2,662,269
81$3,064,456$1,023,604$694,156$2,870,767
82$3,327,563$1,024,292$667,942$3,099,107
83$3,615,948$1,023,456$639,292$3,349,288
84$3,932,141$1,020,972$608,074$3,623,515
85$4,278,928$1,016,708$574,153$3,924,213
86$4,659,377$1,010,525$537,386$4,254,061
87$5,076,868$1,002,275$497,622$4,616,005
88$5,535,123$991,801$454,707$5,013,297
89$6,038,243$978,937$408,478$5,449,516
90$6,590,745$963,507$358,763$5,928,611
91$7,197,606$945,323$305,386$6,454,929
92$7,864,306$924,188$248,161$7,033,266
93$8,596,885$899,893$186,894$7,668,903
94$9,401,995$872,216$121,383$8,367,663
95$10,286,966$840,922$51,417$9,135,962
96$11,259,871$805,762$0$9,980,871
97$12,329,608$766,474$0$10,913,656
98$13,505,976$722,779$0$11,947,854
99$14,799,775$674,384$0$13,085,279
100$16,222,900$620,978$0$14,336,399