Can I retire at age 65 with 840,000?

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 $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%14.2%
1 years$69,366$68,749$68,146$67,557$66,983$65,819
2 years$34,340$33,700$33,080$32,479$31,897$30,728
3 years$22,666$22,023$21,405$20,810$20,236$19,099
4 years$16,830$16,190$15,578$14,992$14,433$13,336
5 years$13,329$12,693$12,089$11,516$10,972$9,918
6 years$10,996$10,365$9,770$9,209$8,681$7,672
7 years$9,331$8,704$8,119$7,571$7,060$6,096
8 years$8,082$7,461$6,885$6,351$5,857$4,938
9 years$7,111$6,496$5,930$5,410$4,933$4,057
10 years$6,335$5,726$5,170$4,663$4,203$3,371
11 years$5,700$5,098$4,552$4,059$3,615$2,825
12 years$5,172$4,575$4,039$3,560$3,132$2,384
13 years$4,725$4,135$3,609$3,143$2,731$2,023
14 years$4,342$3,758$3,243$2,790$2,394$1,725
15 years$4,011$3,433$2,928$2,488$2,108$1,477
16 years$3,722$3,150$2,654$2,228$1,863$1,268
17 years$3,466$2,901$2,415$2,002$1,652$1,092
18 years$3,240$2,681$2,205$1,804$1,469$943
19 years$3,037$2,484$2,019$1,630$1,309$815
20 years$2,855$2,309$1,853$1,476$1,169$706
21 years$2,690$2,150$1,704$1,340$1,047$613
22 years$2,541$2,007$1,570$1,218$938$532
23 years$2,405$1,877$1,450$1,109$842$463
24 years$2,280$1,759$1,341$1,012$757$403
25 years$2,166$1,651$1,242$924$681$351
26 years$2,060$1,551$1,152$845$613$306
27 years$1,963$1,460$1,070$773$553$267
28 years$1,872$1,376$994$709$499$233
29 years$1,788$1,298$925$650$451$203
30 years$1,710$1,226$862$596$407$177
31 years$1,637$1,159$804$548$368$155
32 years$1,568$1,096$750$503$333$135
33 years$1,504$1,038$700$463$301$118
34 years$1,444$984$654$426$273$103
35 years$1,387$933$612$392$247$90
36 years$1,334$886$572$361$224$79
37 years$1,284$841$535$333$203$69
38 years$1,236$800$501$307$184$61
39 years$1,191$760$470$283$167$53
40 years$1,148$723$440$261$151$46
41 years$1,108$689$413$241$137$41
42 years$1,069$656$387$222$125$36
43 years$1,033$625$363$205$113$31
44 years$998$596$341$189$103$27
45 years$965$568$320$175$93$24
46 years$933$542$301$161$85$21
47 years$903$517$283$149$77$18
48 years$874$494$266$138$70$16
49 years$847$471$250$127$63$14
50 years$820$450$235$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $840,000, adding $4,116 every year, while hoping to spend $33,663 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: 82/11/7 Blend
64$840,000$840,000$840,000$840,000
65$929,926$885,406$872,386$1,005,210
66$988,961$892,973$865,793$1,062,613
67$1,052,889$899,784$857,852$1,120,696
68$1,122,175$905,764$848,481$1,183,424
69$1,197,327$910,837$837,595$1,251,242
70$1,278,907$914,920$825,107$1,324,641
71$1,367,530$917,926$810,923$1,404,162
72$1,463,876$919,761$794,946$1,490,400
73$1,568,689$920,328$777,075$1,584,011
74$1,682,792$919,521$757,204$1,685,716
75$1,807,087$917,228$735,221$1,796,312
76$1,942,570$913,331$711,010$1,916,674
77$2,090,332$907,705$684,449$2,047,768
78$2,251,580$900,216$655,412$2,190,658
79$2,427,638$890,724$623,765$2,346,515
80$2,619,965$879,077$589,369$2,516,632
81$2,830,168$865,118$552,080$2,702,431
82$3,060,015$848,679$511,744$2,905,479
83$3,311,453$829,581$468,205$3,127,504
84$3,586,627$807,636$421,295$3,370,411
85$3,887,896$782,644$370,842$3,636,296
86$4,217,862$754,393$316,665$3,927,473
87$4,579,385$722,660$258,575$4,246,487
88$4,975,620$687,209$196,375$4,596,148
89$5,410,039$647,787$129,859$4,979,550
90$5,886,467$604,132$58,813$5,400,102
91$6,409,114$555,963$0$5,861,562
92$6,982,622$502,984$0$6,369,343
93$7,612,101$444,881$0$6,931,509
94$8,303,181$381,325$0$7,548,711
95$9,062,061$311,966$0$8,226,514
96$9,895,574$236,435$0$8,971,047
97$10,811,245$154,343$0$9,789,065
98$11,817,363$65,277$0$10,688,013
99$12,923,061$0$0$11,676,092
100$14,138,401$0$0$12,766,118