Can I retire at age 65 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$69,449$68,830$68,227$67,638$67,063$66,390
2 years$34,381$33,740$33,120$32,518$31,935$31,257
3 years$22,693$22,050$21,431$20,835$20,261$19,599
4 years$16,850$16,209$15,596$15,010$14,450$13,810
5 years$13,345$12,708$12,103$11,529$10,985$10,368
6 years$11,009$10,377$9,781$9,220$8,692$8,099
7 years$9,342$8,715$8,128$7,580$7,069$6,500
8 years$8,091$7,470$6,893$6,359$5,864$5,319
9 years$7,120$6,504$5,937$5,416$4,939$4,418
10 years$6,343$5,733$5,176$4,669$4,208$3,711
11 years$5,707$5,104$4,557$4,063$3,619$3,145
12 years$5,178$4,581$4,044$3,564$3,136$2,685
13 years$4,731$4,140$3,613$3,147$2,735$2,306
14 years$4,348$3,763$3,247$2,793$2,397$1,990
15 years$4,016$3,437$2,931$2,491$2,111$1,724
16 years$3,726$3,154$2,658$2,230$1,865$1,499
17 years$3,470$2,905$2,418$2,004$1,654$1,308
18 years$3,243$2,684$2,208$1,806$1,471$1,143
19 years$3,041$2,487$2,021$1,632$1,311$1,002
20 years$2,858$2,311$1,855$1,478$1,171$880
21 years$2,694$2,153$1,706$1,341$1,048$773
22 years$2,544$2,010$1,572$1,220$939$681
23 years$2,408$1,880$1,452$1,111$843$600
24 years$2,283$1,761$1,343$1,013$758$530
25 years$2,168$1,653$1,244$925$682$468
26 years$2,063$1,553$1,153$846$614$414
27 years$1,965$1,462$1,071$774$554$366
28 years$1,874$1,378$996$709$500$324
29 years$1,790$1,300$926$651$451$287
30 years$1,712$1,227$863$597$408$255
31 years$1,639$1,160$805$548$369$226
32 years$1,570$1,098$751$504$333$200
33 years$1,506$1,040$701$463$302$178
34 years$1,446$985$655$426$273$158
35 years$1,389$935$612$393$247$140
36 years$1,336$887$573$362$224$124
37 years$1,285$842$536$333$203$110
38 years$1,238$801$502$307$184$98
39 years$1,193$761$470$283$167$87
40 years$1,150$724$441$261$152$77
41 years$1,109$689$413$241$137$69
42 years$1,071$657$388$222$125$61
43 years$1,034$626$364$205$113$54
44 years$999$596$342$189$103$48
45 years$966$569$321$175$93$43
46 years$934$543$301$162$85$38
47 years$904$518$283$149$77$34
48 years$875$494$266$138$70$30
49 years$848$472$250$128$63$27
50 years$821$451$235$118$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $841,000, adding $6,065 every year, while hoping to spend $55,887 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: 37/44/19 Blend
64$841,000$841,000$841,000$841,000
65$933,038$888,465$875,430$962,010
66$968,745$872,536$845,293$967,615
67$1,006,220$853,954$812,274$967,957
68$1,045,586$832,530$776,217$967,166
69$1,086,974$808,062$736,958$965,170
70$1,130,528$780,340$694,329$961,898
71$1,176,405$749,139$648,152$957,274
72$1,224,773$714,222$598,240$951,222
73$1,275,819$675,337$544,400$943,663
74$1,329,744$632,220$486,428$934,519
75$1,386,768$584,590$424,115$923,708
76$1,447,134$532,150$357,237$911,147
77$1,511,102$474,586$285,566$896,754
78$1,578,960$411,567$208,858$880,445
79$1,651,023$342,742$126,863$862,139
80$1,727,632$267,741$39,318$841,752
81$1,809,164$186,174$0$819,203
82$1,896,030$97,627$0$805,383
83$1,988,679$1,666$0$798,465
84$2,087,605$0$0$790,459
85$2,193,348$0$0$830,830
86$2,306,501$0$0$874,967
87$2,427,712$0$0$922,327
88$2,557,694$0$0$973,198
89$2,697,228$0$0$1,027,897
90$2,847,172$0$0$1,086,771
91$3,008,468$0$0$1,150,202
92$3,182,148$0$0$1,218,610
93$3,369,349$0$0$1,292,455
94$3,571,317$0$0$1,372,242
95$3,789,422$0$0$1,458,528
96$4,025,169$0$0$1,551,925
97$4,280,213$0$0$1,653,104
98$4,556,372$0$0$1,762,803
99$4,855,646$0$0$1,881,837
100$5,180,234$0$0$2,011,097