Can I retire at age 65 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$69,697$69,076$68,470$67,879$67,302$66,906
2 years$34,503$33,861$33,238$32,634$32,048$31,649
3 years$22,774$22,128$21,507$20,909$20,333$19,942
4 years$16,910$16,267$15,652$15,064$14,502$14,123
5 years$13,393$12,753$12,146$11,570$11,024$10,658
6 years$11,049$10,414$9,816$9,253$8,723$8,370
7 years$9,375$8,746$8,157$7,607$7,094$6,755
8 years$8,120$7,497$6,918$6,382$5,885$5,560
9 years$7,145$6,527$5,958$5,436$4,956$4,645
10 years$6,365$5,753$5,195$4,686$4,223$3,925
11 years$5,728$5,122$4,573$4,078$3,632$3,347
12 years$5,197$4,597$4,059$3,577$3,147$2,875
13 years$4,748$4,154$3,626$3,158$2,744$2,485
14 years$4,363$3,776$3,258$2,803$2,406$2,159
15 years$4,030$3,450$2,942$2,500$2,118$1,883
16 years$3,739$3,165$2,667$2,238$1,872$1,649
17 years$3,483$2,915$2,427$2,011$1,660$1,448
18 years$3,255$2,693$2,215$1,813$1,476$1,275
19 years$3,051$2,496$2,028$1,638$1,316$1,125
20 years$2,868$2,320$1,861$1,483$1,175$995
21 years$2,703$2,161$1,712$1,346$1,052$882
22 years$2,553$2,017$1,578$1,224$943$782
23 years$2,416$1,886$1,457$1,115$846$695
24 years$2,291$1,767$1,347$1,017$760$618
25 years$2,176$1,659$1,248$929$684$550
26 years$2,070$1,559$1,157$849$616$490
27 years$1,972$1,467$1,075$777$556$437
28 years$1,881$1,382$999$712$501$390
29 years$1,797$1,304$930$653$453$348
30 years$1,718$1,232$866$599$409$311
31 years$1,645$1,164$807$550$370$278
32 years$1,576$1,102$753$506$335$249
33 years$1,511$1,043$703$465$303$223
34 years$1,451$989$657$428$274$199
35 years$1,394$938$614$394$248$178
36 years$1,340$890$575$363$225$160
37 years$1,290$845$538$334$204$143
38 years$1,242$803$504$308$185$128
39 years$1,197$764$472$284$168$115
40 years$1,154$727$442$262$152$103
41 years$1,113$692$415$242$138$92
42 years$1,075$659$389$223$125$83
43 years$1,038$628$365$206$114$74
44 years$1,003$599$343$190$103$67
45 years$969$571$322$176$94$60
46 years$938$544$302$162$85$54
47 years$907$520$284$150$77$48
48 years$878$496$267$138$70$43
49 years$851$474$251$128$64$39
50 years$824$452$236$118$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $844,000, adding $3,334 every year, while hoping to spend $57,002 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: 51/44/5 Blend
64$844,000$844,000$844,000$844,000
65$933,527$888,795$875,713$979,887
66$968,097$871,696$844,400$994,629
67$1,004,283$851,849$810,127$1,004,178
68$1,042,189$829,059$772,735$1,013,179
69$1,081,929$803,119$732,059$1,021,592
70$1,123,625$773,812$687,922$1,029,376
71$1,167,412$740,906$640,145$1,036,491
72$1,213,434$704,156$588,535$1,042,895
73$1,261,849$663,305$532,896$1,048,547
74$1,312,829$618,078$473,019$1,053,409
75$1,366,560$568,186$408,688$1,057,439
76$1,423,246$513,324$339,676$1,060,599
77$1,483,109$453,169$265,747$1,062,854
78$1,546,391$387,379$186,655$1,064,169
79$1,613,355$315,594$102,140$1,064,512
80$1,684,291$237,431$11,936$1,063,857
81$1,759,514$152,490$0$1,062,180
82$1,839,366$60,344$0$1,063,962
83$1,924,226$0$0$1,065,666
84$2,014,505$0$0$1,085,769
85$2,110,653$0$0$1,138,344
86$2,213,165$0$0$1,194,450
87$2,322,580$0$0$1,254,387
88$2,439,491$0$0$1,318,489
89$2,564,548$0$0$1,387,118
90$2,698,461$0$0$1,460,672
91$2,842,012$0$0$1,539,589
92$2,996,057$0$0$1,624,349
93$3,161,536$0$0$1,715,477
94$3,339,480$0$0$1,813,552
95$3,531,021$0$0$1,919,208
96$3,737,403$0$0$2,033,142
97$3,959,992$0$0$2,156,120
98$4,200,288$0$0$2,288,982
99$4,459,941$0$0$2,432,655
100$4,740,761$0$0$2,588,153