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%12.7%
1 years$69,697$69,076$68,470$67,879$67,302$66,544
2 years$34,503$33,861$33,238$32,634$32,048$31,285
3 years$22,774$22,128$21,507$20,909$20,333$19,588
4 years$16,910$16,267$15,652$15,064$14,502$13,781
5 years$13,393$12,753$12,146$11,570$11,024$10,330
6 years$11,049$10,414$9,816$9,253$8,723$8,056
7 years$9,375$8,746$8,157$7,607$7,094$6,455
8 years$8,120$7,497$6,918$6,382$5,885$5,274
9 years$7,145$6,527$5,958$5,436$4,956$4,372
10 years$6,365$5,753$5,195$4,686$4,223$3,666
11 years$5,728$5,122$4,573$4,078$3,632$3,101
12 years$5,197$4,597$4,059$3,577$3,147$2,642
13 years$4,748$4,154$3,626$3,158$2,744$2,265
14 years$4,363$3,776$3,258$2,803$2,406$1,951
15 years$4,030$3,450$2,942$2,500$2,118$1,687
16 years$3,739$3,165$2,667$2,238$1,872$1,464
17 years$3,483$2,915$2,427$2,011$1,660$1,274
18 years$3,255$2,693$2,215$1,813$1,476$1,112
19 years$3,051$2,496$2,028$1,638$1,316$972
20 years$2,868$2,320$1,861$1,483$1,175$851
21 years$2,703$2,161$1,712$1,346$1,052$747
22 years$2,553$2,017$1,578$1,224$943$656
23 years$2,416$1,886$1,457$1,115$846$577
24 years$2,291$1,767$1,347$1,017$760$508
25 years$2,176$1,659$1,248$929$684$448
26 years$2,070$1,559$1,157$849$616$395
27 years$1,972$1,467$1,075$777$556$349
28 years$1,881$1,382$999$712$501$308
29 years$1,797$1,304$930$653$453$272
30 years$1,718$1,232$866$599$409$241
31 years$1,645$1,164$807$550$370$213
32 years$1,576$1,102$753$506$335$188
33 years$1,511$1,043$703$465$303$167
34 years$1,451$989$657$428$274$148
35 years$1,394$938$614$394$248$131
36 years$1,340$890$575$363$225$116
37 years$1,290$845$538$334$204$103
38 years$1,242$803$504$308$185$91
39 years$1,197$764$472$284$168$81
40 years$1,154$727$442$262$152$71
41 years$1,113$692$415$242$138$63
42 years$1,075$659$389$223$125$56
43 years$1,038$628$365$206$114$50
44 years$1,003$599$343$190$103$44
45 years$969$571$322$176$94$39
46 years$938$544$302$162$85$35
47 years$907$520$284$150$77$31
48 years$878$496$267$138$70$27
49 years$851$474$251$128$64$24
50 years$824$452$236$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $844,000, adding $3,362 every year, while hoping to spend $59,297 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: 41/34/25 Blend
64$844,000$844,000$844,000$844,000
65$933,556$888,824$875,742$964,845
66$965,687$869,285$841,988$968,122
67$999,108$846,801$805,115$965,810
68$1,033,888$821,165$764,958$962,142
69$1,070,101$792,159$721,340$957,030
70$1,107,827$759,550$674,081$950,380
71$1,147,151$723,093$622,988$942,094
72$1,188,165$682,530$567,863$932,070
73$1,230,969$637,584$508,497$920,201
74$1,275,669$587,968$444,673$906,376
75$1,322,382$533,373$376,164$890,479
76$1,371,232$473,475$302,733$872,390
77$1,422,355$407,933$224,132$851,985
78$1,475,898$336,383$140,102$829,133
79$1,532,018$258,444$50,374$803,701
80$1,590,887$173,712$0$775,549
81$1,652,694$81,761$0$756,640
82$1,717,641$0$0$749,847
83$1,785,947$0$0$748,330
84$1,857,854$0$0$778,973
85$1,933,622$0$0$811,303
86$2,013,536$0$0$845,446
87$2,097,905$0$0$881,540
88$2,187,069$0$0$919,736
89$2,281,395$0$0$960,199
90$2,381,287$0$0$1,003,109
91$2,487,184$0$0$1,048,662
92$2,599,567$0$0$1,097,073
93$2,718,962$0$0$1,148,578
94$2,845,944$0$0$1,203,434
95$2,981,142$0$0$1,261,923
96$3,125,245$0$0$1,324,354
97$3,279,008$0$0$1,391,065
98$3,443,256$0$0$1,462,426
99$3,618,896$0$0$1,538,844
100$3,806,920$0$0$1,620,766