Can I retire at age 65 with 846,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$69,862$69,240$68,632$68,040$67,461$66,591
2 years$34,585$33,941$33,317$32,711$32,124$31,249
3 years$22,828$22,181$21,558$20,959$20,381$19,527
4 years$16,950$16,305$15,689$15,099$14,536$13,711
5 years$13,425$12,784$12,175$11,598$11,050$10,256
6 years$11,075$10,439$9,839$9,275$8,743$7,981
7 years$9,397$8,766$8,177$7,625$7,111$6,380
8 years$8,140$7,514$6,934$6,397$5,899$5,201
9 years$7,162$6,543$5,973$5,449$4,968$4,301
10 years$6,380$5,767$5,207$4,697$4,233$3,598
11 years$5,741$5,134$4,584$4,088$3,640$3,036
12 years$5,209$4,608$4,068$3,585$3,155$2,580
13 years$4,759$4,164$3,635$3,165$2,751$2,206
14 years$4,373$3,785$3,266$2,810$2,411$1,895
15 years$4,040$3,458$2,949$2,506$2,123$1,634
16 years$3,748$3,173$2,673$2,244$1,877$1,414
17 years$3,491$2,922$2,433$2,016$1,664$1,227
18 years$3,263$2,700$2,221$1,817$1,479$1,068
19 years$3,059$2,502$2,033$1,642$1,319$931
20 years$2,875$2,325$1,866$1,487$1,178$813
21 years$2,710$2,166$1,716$1,349$1,054$711
22 years$2,559$2,022$1,582$1,227$945$623
23 years$2,422$1,891$1,460$1,117$848$546
24 years$2,296$1,772$1,351$1,019$762$480
25 years$2,181$1,663$1,251$931$686$421
26 years$2,075$1,563$1,160$851$618$370
27 years$1,977$1,471$1,077$779$557$326
28 years$1,886$1,386$1,002$714$503$287
29 years$1,801$1,307$932$654$454$253
30 years$1,722$1,235$868$601$410$223
31 years$1,648$1,167$809$552$371$196
32 years$1,580$1,104$755$507$335$173
33 years$1,515$1,046$705$466$304$153
34 years$1,454$991$659$429$275$135
35 years$1,397$940$616$395$249$119
36 years$1,344$892$576$364$226$105
37 years$1,293$847$539$335$204$93
38 years$1,245$805$505$309$185$82
39 years$1,200$766$473$285$168$72
40 years$1,157$729$443$263$152$64
41 years$1,116$694$416$242$138$56
42 years$1,077$661$390$224$125$50
43 years$1,040$629$366$206$114$44
44 years$1,005$600$344$191$103$39
45 years$972$572$323$176$94$34
46 years$940$546$303$163$85$30
47 years$909$521$285$150$77$27
48 years$880$497$268$139$70$24
49 years$853$475$251$128$64$21
50 years$826$454$236$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $846,000, adding $4,457 every year, while hoping to spend $59,769 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: 38/37/25 Blend
64$846,000$846,000$846,000$846,000
65$936,889$892,051$878,938$965,359
66$968,858$872,168$844,789$966,657
67$1,002,085$849,307$807,493$962,192
68$1,036,634$823,260$766,880$956,192
69$1,072,576$793,805$722,776$948,554
70$1,109,986$760,709$674,996$939,172
71$1,148,944$723,722$623,347$927,934
72$1,189,536$682,585$567,629$914,722
73$1,231,855$637,018$507,632$899,414
74$1,276,002$586,730$443,135$881,881
75$1,322,085$531,410$373,911$861,989
76$1,370,221$470,732$299,720$839,599
77$1,420,534$404,349$220,311$814,564
78$1,473,162$331,895$135,425$786,732
79$1,528,251$252,985$44,788$755,945
80$1,585,962$167,210$0$722,039
81$1,646,466$74,140$0$698,695
82$1,709,952$0$0$685,533
83$1,776,624$0$0$681,354
84$1,846,702$0$0$708,727
85$1,920,427$0$0$737,566
86$1,998,061$0$0$767,977
87$2,079,889$0$0$800,078
88$2,166,222$0$0$833,997
89$2,257,397$0$0$869,874
90$2,353,783$0$0$907,861
91$2,455,785$0$0$948,124
92$2,563,840$0$0$990,845
93$2,678,431$0$0$1,036,223
94$2,800,082$0$0$1,084,476
95$2,929,368$0$0$1,135,841
96$3,066,916$0$0$1,190,579
97$3,213,415$0$0$1,248,974
98$3,369,618$0$0$1,311,341
99$3,536,350$0$0$1,378,020
100$3,714,513$0$0$1,449,387