Can I retire at age 65 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,366$68,749$68,146$67,557$66,983$64,969
2 years$34,340$33,700$33,080$32,479$31,897$29,884
3 years$22,666$22,023$21,405$20,810$20,236$18,289
4 years$16,830$16,190$15,578$14,992$14,433$12,566
5 years$13,329$12,693$12,089$11,516$10,972$9,189
6 years$10,996$10,365$9,770$9,209$8,681$6,986
7 years$9,331$8,704$8,119$7,571$7,060$5,451
8 years$8,082$7,461$6,885$6,351$5,857$4,333
9 years$7,111$6,496$5,930$5,410$4,933$3,493
10 years$6,335$5,726$5,170$4,663$4,203$2,845
11 years$5,700$5,098$4,552$4,059$3,615$2,336
12 years$5,172$4,575$4,039$3,560$3,132$1,931
13 years$4,725$4,135$3,609$3,143$2,731$1,604
14 years$4,342$3,758$3,243$2,790$2,394$1,338
15 years$4,011$3,433$2,928$2,488$2,108$1,120
16 years$3,722$3,150$2,654$2,228$1,863$940
17 years$3,466$2,901$2,415$2,002$1,652$791
18 years$3,240$2,681$2,205$1,804$1,469$667
19 years$3,037$2,484$2,019$1,630$1,309$563
20 years$2,855$2,309$1,853$1,476$1,169$476
21 years$2,690$2,150$1,704$1,340$1,047$403
22 years$2,541$2,007$1,570$1,218$938$342
23 years$2,405$1,877$1,450$1,109$842$290
24 years$2,280$1,759$1,341$1,012$757$246
25 years$2,166$1,651$1,242$924$681$209
26 years$2,060$1,551$1,152$845$613$177
27 years$1,963$1,460$1,070$773$553$151
28 years$1,872$1,376$994$709$499$128
29 years$1,788$1,298$925$650$451$109
30 years$1,710$1,226$862$596$407$93
31 years$1,637$1,159$804$548$368$79
32 years$1,568$1,096$750$503$333$67
33 years$1,504$1,038$700$463$301$57
34 years$1,444$984$654$426$273$49
35 years$1,387$933$612$392$247$41
36 years$1,334$886$572$361$224$35
37 years$1,284$841$535$333$203$30
38 years$1,236$800$501$307$184$26
39 years$1,191$760$470$283$167$22
40 years$1,148$723$440$261$151$19
41 years$1,108$689$413$241$137$16
42 years$1,069$656$387$222$125$13
43 years$1,033$625$363$205$113$11
44 years$998$596$341$189$103$10
45 years$965$568$320$175$93$8
46 years$933$542$301$161$85$7
47 years$903$517$283$149$77$6
48 years$874$494$266$138$70$5
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $840,000, adding $2,327 every year, while hoping to spend $44,559 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: 36/40/24 Blend
64$840,000$840,000$840,000$840,000
65$928,080$883,560$870,540$954,704
66$975,334$879,444$852,293$970,403
67$1,025,914$873,633$831,941$983,079
68$1,080,113$865,997$809,367$995,877
69$1,138,251$856,397$784,447$1,008,835
70$1,200,681$844,689$757,054$1,021,999
71$1,267,787$830,715$727,052$1,035,426
72$1,339,994$814,313$694,301$1,049,178
73$1,417,768$795,309$658,654$1,063,332
74$1,501,619$773,518$619,958$1,077,975
75$1,592,109$748,744$578,051$1,093,208
76$1,689,854$720,783$532,766$1,109,148
77$1,795,533$689,416$483,928$1,125,928
78$1,909,891$654,410$431,353$1,143,702
79$2,033,746$615,523$374,849$1,162,645
80$2,167,999$572,495$314,218$1,182,957
81$2,313,641$525,053$249,251$1,204,863
82$2,471,761$472,909$179,728$1,228,621
83$2,643,555$415,756$105,424$1,254,522
84$2,830,343$353,273$26,101$1,282,894
85$3,033,573$285,118$0$1,314,107
86$3,254,840$210,932$0$1,363,574
87$3,495,899$130,333$0$1,424,878
88$3,758,682$42,920$0$1,491,925
89$4,045,314$0$0$1,565,379
90$4,358,135$0$0$1,668,751
91$4,699,720$0$0$1,802,368
92$5,072,904$0$0$1,948,461
93$5,480,807$0$0$2,108,267
94$5,926,867$0$0$2,283,146
95$6,414,865$0$0$2,474,598
96$6,948,969$0$0$2,684,273
97$7,533,764$0$0$2,913,988
98$8,174,302$0$0$3,165,746
99$8,876,147$0$0$3,441,751
100$9,645,423$0$0$3,744,432