Can I retire at age 65 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$69,862$69,240$68,632$68,040$67,461$66,536
2 years$34,585$33,941$33,317$32,711$32,124$31,193
3 years$22,828$22,181$21,558$20,959$20,381$19,474
4 years$16,950$16,305$15,689$15,099$14,536$13,659
5 years$13,425$12,784$12,175$11,598$11,050$10,206
6 years$11,075$10,439$9,839$9,275$8,743$7,934
7 years$9,397$8,766$8,177$7,625$7,111$6,336
8 years$8,140$7,514$6,934$6,397$5,899$5,159
9 years$7,162$6,543$5,973$5,449$4,968$4,261
10 years$6,380$5,767$5,207$4,697$4,233$3,560
11 years$5,741$5,134$4,584$4,088$3,640$3,000
12 years$5,209$4,608$4,068$3,585$3,155$2,547
13 years$4,759$4,164$3,635$3,165$2,751$2,174
14 years$4,373$3,785$3,266$2,810$2,411$1,865
15 years$4,040$3,458$2,949$2,506$2,123$1,607
16 years$3,748$3,173$2,673$2,244$1,877$1,388
17 years$3,491$2,922$2,433$2,016$1,664$1,203
18 years$3,263$2,700$2,221$1,817$1,479$1,045
19 years$3,059$2,502$2,033$1,642$1,319$910
20 years$2,875$2,325$1,866$1,487$1,178$794
21 years$2,710$2,166$1,716$1,349$1,054$693
22 years$2,559$2,022$1,582$1,227$945$606
23 years$2,422$1,891$1,460$1,117$848$531
24 years$2,296$1,772$1,351$1,019$762$465
25 years$2,181$1,663$1,251$931$686$408
26 years$2,075$1,563$1,160$851$618$358
27 years$1,977$1,471$1,077$779$557$315
28 years$1,886$1,386$1,002$714$503$277
29 years$1,801$1,307$932$654$454$243
30 years$1,722$1,235$868$601$410$214
31 years$1,648$1,167$809$552$371$188
32 years$1,580$1,104$755$507$335$166
33 years$1,515$1,046$705$466$304$146
34 years$1,454$991$659$429$275$129
35 years$1,397$940$616$395$249$113
36 years$1,344$892$576$364$226$100
37 years$1,293$847$539$335$204$88
38 years$1,245$805$505$309$185$78
39 years$1,200$766$473$285$168$68
40 years$1,157$729$443$263$152$60
41 years$1,116$694$416$242$138$53
42 years$1,077$661$390$224$125$47
43 years$1,040$629$366$206$114$41
44 years$1,005$600$344$191$103$37
45 years$972$572$323$176$94$32
46 years$940$546$303$163$85$28
47 years$909$521$285$150$77$25
48 years$880$497$268$139$70$22
49 years$853$475$251$128$64$20
50 years$826$454$236$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $846,000, adding $4,980 every year, while hoping to spend $22,579 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: 55/32/13 Blend
64$846,000$846,000$846,000$846,000
65$937,429$892,591$879,478$985,572
66$1,009,023$912,304$884,916$1,038,533
67$1,087,162$932,226$889,781$1,093,292
68$1,172,492$952,344$894,027$1,152,393
69$1,265,720$972,643$897,610$1,216,255
70$1,367,626$993,105$900,484$1,285,339
71$1,479,070$1,013,714$902,596$1,360,152
72$1,600,998$1,034,448$903,896$1,441,254
73$1,734,451$1,055,287$904,327$1,529,263
74$1,880,576$1,076,207$903,833$1,624,857
75$2,040,636$1,097,182$902,353$1,728,785
76$2,216,021$1,118,185$899,822$1,841,872
77$2,408,264$1,139,185$896,175$1,965,029
78$2,619,051$1,160,149$891,341$2,099,256
79$2,850,241$1,181,043$885,247$2,245,658
80$3,103,879$1,201,828$877,817$2,405,453
81$3,382,220$1,222,463$868,969$2,579,983
82$3,687,747$1,242,904$858,620$2,770,726
83$4,023,195$1,263,104$846,682$2,979,312
84$4,391,576$1,283,012$833,061$3,207,538
85$4,796,210$1,302,572$817,661$3,457,384
86$5,240,752$1,321,727$800,382$3,731,034
87$5,729,231$1,340,413$781,116$4,030,892
88$6,266,083$1,358,563$759,754$4,359,611
89$6,856,196$1,376,106$736,179$4,720,114
90$7,504,957$1,392,964$710,269$5,115,623
91$8,218,298$1,409,055$681,899$5,549,690
92$9,002,757$1,424,291$650,935$6,026,230
93$9,865,535$1,438,579$617,239$6,549,558
94$10,814,569$1,451,818$580,665$7,124,431
95$11,858,601$1,463,903$541,064$7,756,092
96$13,007,264$1,474,720$498,275$8,450,320
97$14,271,171$1,484,148$452,134$9,213,486
98$15,662,018$1,492,059$402,468$10,052,612
99$17,192,690$1,498,316$349,096$10,975,437
100$18,877,385$1,502,773$291,831$11,990,493