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%11.1%
1 years$69,366$68,749$68,146$67,557$66,983$66,672
2 years$34,340$33,700$33,080$32,479$31,897$31,583
3 years$22,666$22,023$21,405$20,810$20,236$19,930
4 years$16,830$16,190$15,578$14,992$14,433$14,136
5 years$13,329$12,693$12,089$11,516$10,972$10,684
6 years$10,996$10,365$9,770$9,209$8,681$8,405
7 years$9,331$8,704$8,119$7,571$7,060$6,794
8 years$8,082$7,461$6,885$6,351$5,857$5,601
9 years$7,111$6,496$5,930$5,410$4,933$4,687
10 years$6,335$5,726$5,170$4,663$4,203$3,968
11 years$5,700$5,098$4,552$4,059$3,615$3,390
12 years$5,172$4,575$4,039$3,560$3,132$2,918
13 years$4,725$4,135$3,609$3,143$2,731$2,527
14 years$4,342$3,758$3,243$2,790$2,394$2,199
15 years$4,011$3,433$2,928$2,488$2,108$1,922
16 years$3,722$3,150$2,654$2,228$1,863$1,687
17 years$3,466$2,901$2,415$2,002$1,652$1,484
18 years$3,240$2,681$2,205$1,804$1,469$1,310
19 years$3,037$2,484$2,019$1,630$1,309$1,158
20 years$2,855$2,309$1,853$1,476$1,169$1,027
21 years$2,690$2,150$1,704$1,340$1,047$911
22 years$2,541$2,007$1,570$1,218$938$810
23 years$2,405$1,877$1,450$1,109$842$722
24 years$2,280$1,759$1,341$1,012$757$643
25 years$2,166$1,651$1,242$924$681$574
26 years$2,060$1,551$1,152$845$613$513
27 years$1,963$1,460$1,070$773$553$458
28 years$1,872$1,376$994$709$499$410
29 years$1,788$1,298$925$650$451$367
30 years$1,710$1,226$862$596$407$329
31 years$1,637$1,159$804$548$368$294
32 years$1,568$1,096$750$503$333$264
33 years$1,504$1,038$700$463$301$237
34 years$1,444$984$654$426$273$212
35 years$1,387$933$612$392$247$191
36 years$1,334$886$572$361$224$171
37 years$1,284$841$535$333$203$154
38 years$1,236$800$501$307$184$138
39 years$1,191$760$470$283$167$124
40 years$1,148$723$440$261$151$111
41 years$1,108$689$413$241$137$100
42 years$1,069$656$387$222$125$90
43 years$1,033$625$363$205$113$81
44 years$998$596$341$189$103$73
45 years$965$568$320$175$93$65
46 years$933$542$301$161$85$59
47 years$903$517$283$149$77$53
48 years$874$494$266$138$70$48
49 years$847$471$250$127$63$43
50 years$820$450$235$118$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $840,000, adding $5,909 every year, while hoping to spend $56,879 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: 68/21/11 Blend
64$840,000$840,000$840,000$840,000
65$931,775$887,255$874,235$992,568
66$966,297$870,212$843,003$1,016,684
67$1,002,435$850,427$808,819$1,035,678
68$1,040,291$827,706$771,523$1,054,965
69$1,079,981$801,844$730,949$1,074,566
70$1,121,627$772,622$686,923$1,094,506
71$1,165,363$739,811$639,265$1,114,813
72$1,211,334$703,165$587,784$1,135,522
73$1,259,697$662,428$532,282$1,156,671
74$1,310,625$617,325$472,552$1,178,306
75$1,364,304$567,570$408,379$1,200,479
76$1,420,939$512,856$339,535$1,223,249
77$1,480,751$452,862$265,785$1,246,686
78$1,543,982$387,247$186,884$1,270,868
79$1,610,897$315,651$102,573$1,295,885
80$1,681,784$237,694$12,585$1,321,839
81$1,756,959$152,974$0$1,348,847
82$1,836,766$61,067$0$1,386,834
83$1,921,582$0$0$1,428,369
84$2,011,820$0$0$1,481,069
85$2,107,930$0$0$1,552,255
86$2,210,407$0$0$1,628,186
87$2,319,792$0$0$1,709,266
88$2,436,678$0$0$1,795,939
89$2,561,715$0$0$1,888,691
90$2,695,615$0$0$1,988,056
91$2,839,160$0$0$2,094,617
92$2,993,207$0$0$2,209,016
93$3,158,697$0$0$2,331,957
94$3,336,663$0$0$2,464,214
95$3,528,238$0$0$2,606,635
96$3,734,669$0$0$2,760,151
97$3,957,321$0$0$2,925,786
98$4,197,698$0$0$3,104,665
99$4,457,450$0$0$3,298,024
100$4,738,392$0$0$3,507,221