Can I retire at age 65 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$69,614$68,994$68,389$67,799$67,222$65,385
2 years$34,462$33,821$33,199$32,595$32,010$30,173
3 years$22,747$22,102$21,482$20,884$20,309$18,528
4 years$16,890$16,247$15,633$15,046$14,484$12,775
5 years$13,377$12,738$12,132$11,557$11,011$9,377
6 years$11,036$10,402$9,804$9,242$8,712$7,156
7 years$9,364$8,735$8,148$7,598$7,086$5,606
8 years$8,111$7,488$6,910$6,374$5,878$4,475
9 years$7,137$6,519$5,951$5,429$4,950$3,622
10 years$6,358$5,747$5,189$4,680$4,218$2,963
11 years$5,721$5,116$4,568$4,073$3,628$2,444
12 years$5,190$4,592$4,054$3,573$3,144$2,029
13 years$4,742$4,150$3,622$3,154$2,741$1,694
14 years$4,358$3,772$3,254$2,800$2,403$1,420
15 years$4,025$3,446$2,938$2,497$2,116$1,195
16 years$3,735$3,161$2,664$2,236$1,870$1,008
17 years$3,479$2,911$2,424$2,009$1,658$852
18 years$3,251$2,690$2,213$1,810$1,474$722
19 years$3,048$2,493$2,026$1,636$1,314$613
20 years$2,865$2,317$1,859$1,482$1,174$521
21 years$2,700$2,158$1,710$1,345$1,050$444
22 years$2,550$2,015$1,576$1,223$941$378
23 years$2,413$1,884$1,455$1,113$845$322
24 years$2,288$1,765$1,346$1,015$760$275
25 years$2,173$1,657$1,247$927$684$235
26 years$2,067$1,557$1,156$848$616$201
27 years$1,970$1,465$1,074$776$555$171
28 years$1,879$1,381$998$711$501$147
29 years$1,795$1,303$929$652$452$125
30 years$1,716$1,230$865$598$409$107
31 years$1,643$1,163$806$550$369$92
32 years$1,574$1,100$752$505$334$79
33 years$1,510$1,042$703$465$302$67
34 years$1,449$988$656$427$274$58
35 years$1,392$937$614$393$248$49
36 years$1,339$889$574$362$225$42
37 years$1,288$844$537$334$204$36
38 years$1,241$803$503$308$185$31
39 years$1,195$763$471$284$167$27
40 years$1,153$726$442$262$152$23
41 years$1,112$691$414$241$138$19
42 years$1,073$658$389$223$125$17
43 years$1,037$627$365$206$113$14
44 years$1,002$598$342$190$103$12
45 years$968$570$321$175$94$10
46 years$937$544$302$162$85$9
47 years$906$519$284$150$77$8
48 years$877$495$267$138$70$7
49 years$850$473$251$128$64$6
50 years$823$452$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $843,000, adding $5,087 every year, while hoping to spend $20,669 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: 37/38/25 Blend
64$843,000$843,000$843,000$843,000
65$934,233$889,554$876,488$961,641
66$1,007,533$911,151$883,858$1,003,805
67$1,087,617$933,113$890,783$1,047,047
68$1,175,155$955,436$897,226$1,093,349
69$1,270,885$978,117$903,147$1,143,001
70$1,375,619$1,001,148$908,506$1,196,319
71$1,490,252$1,024,524$913,260$1,253,657
72$1,615,768$1,048,236$917,365$1,315,400
73$1,753,253$1,072,276$920,773$1,381,975
74$1,903,900$1,096,633$923,434$1,453,853
75$2,069,025$1,121,295$925,297$1,531,550
76$2,250,077$1,146,250$926,306$1,615,640
77$2,448,652$1,171,484$926,404$1,706,753
78$2,666,508$1,196,979$925,532$1,805,582
79$2,905,579$1,222,719$923,625$1,912,893
80$3,167,999$1,248,683$920,617$2,029,532
81$3,456,117$1,274,850$916,439$2,156,430
82$3,772,519$1,301,197$911,019$2,294,613
83$4,120,057$1,327,696$904,278$2,445,213
84$4,501,870$1,354,320$896,139$2,609,479
85$4,921,417$1,381,038$886,516$2,788,788
86$5,382,509$1,407,817$875,322$2,984,657
87$5,889,345$1,434,619$862,464$3,198,759
88$6,446,549$1,461,406$847,848$3,432,941
89$7,059,217$1,488,135$831,371$3,689,236
90$7,732,963$1,514,761$812,928$3,969,890
91$8,473,974$1,541,232$792,410$4,277,374
92$9,289,064$1,567,497$769,700$4,614,418
93$10,185,741$1,593,497$744,677$4,984,028
94$11,172,278$1,619,170$717,216$5,389,522
95$12,257,792$1,644,451$687,184$5,834,554
96$13,452,325$1,669,267$654,443$6,323,156
97$14,766,944$1,693,543$618,849$6,859,773
98$16,213,843$1,717,197$580,251$7,449,304
99$17,806,456$1,740,141$538,490$8,097,153
100$19,559,588$1,762,281$493,403$8,809,276