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%12.9%
1 years$69,862$69,240$68,632$68,040$67,461$66,646
2 years$34,585$33,941$33,317$32,711$32,124$31,304
3 years$22,828$22,181$21,558$20,959$20,381$19,581
4 years$16,950$16,305$15,689$15,099$14,536$13,762
5 years$13,425$12,784$12,175$11,598$11,050$10,305
6 years$11,075$10,439$9,839$9,275$8,743$8,028
7 years$9,397$8,766$8,177$7,625$7,111$6,425
8 years$8,140$7,514$6,934$6,397$5,899$5,243
9 years$7,162$6,543$5,973$5,449$4,968$4,342
10 years$6,380$5,767$5,207$4,697$4,233$3,636
11 years$5,741$5,134$4,584$4,088$3,640$3,072
12 years$5,209$4,608$4,068$3,585$3,155$2,614
13 years$4,759$4,164$3,635$3,165$2,751$2,238
14 years$4,373$3,785$3,266$2,810$2,411$1,925
15 years$4,040$3,458$2,949$2,506$2,123$1,662
16 years$3,748$3,173$2,673$2,244$1,877$1,441
17 years$3,491$2,922$2,433$2,016$1,664$1,252
18 years$3,263$2,700$2,221$1,817$1,479$1,091
19 years$3,059$2,502$2,033$1,642$1,319$952
20 years$2,875$2,325$1,866$1,487$1,178$833
21 years$2,710$2,166$1,716$1,349$1,054$730
22 years$2,559$2,022$1,582$1,227$945$640
23 years$2,422$1,891$1,460$1,117$848$562
24 years$2,296$1,772$1,351$1,019$762$494
25 years$2,181$1,663$1,251$931$686$435
26 years$2,075$1,563$1,160$851$618$383
27 years$1,977$1,471$1,077$779$557$338
28 years$1,886$1,386$1,002$714$503$298
29 years$1,801$1,307$932$654$454$263
30 years$1,722$1,235$868$601$410$232
31 years$1,648$1,167$809$552$371$205
32 years$1,580$1,104$755$507$335$181
33 years$1,515$1,046$705$466$304$160
34 years$1,454$991$659$429$275$141
35 years$1,397$940$616$395$249$125
36 years$1,344$892$576$364$226$110
37 years$1,293$847$539$335$204$98
38 years$1,245$805$505$309$185$86
39 years$1,200$766$473$285$168$76
40 years$1,157$729$443$263$152$68
41 years$1,116$694$416$242$138$60
42 years$1,077$661$390$224$125$53
43 years$1,040$629$366$206$114$47
44 years$1,005$600$344$191$103$41
45 years$972$572$323$176$94$37
46 years$940$546$303$163$85$33
47 years$909$521$285$150$77$29
48 years$880$497$268$139$70$25
49 years$853$475$251$128$64$23
50 years$826$454$236$119$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $846,000, adding $3,434 every year, while hoping to spend $59,184 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: 65/27/8 Blend
64$846,000$846,000$846,000$846,000
65$935,834$890,996$877,883$994,987
66$968,318$871,684$844,321$1,015,478
67$1,002,131$849,441$807,651$1,030,531
68$1,037,348$824,063$767,706$1,045,434
69$1,074,046$795,330$724,313$1,060,168
70$1,112,310$763,013$677,289$1,074,715
71$1,152,231$726,867$626,444$1,089,053
72$1,193,909$686,633$571,579$1,103,166
73$1,237,448$642,038$512,487$1,117,033
74$1,282,963$592,793$448,951$1,130,637
75$1,330,579$538,594$380,745$1,143,963
76$1,380,429$479,116$307,631$1,156,996
77$1,432,659$414,019$229,363$1,169,722
78$1,487,427$342,943$145,683$1,182,131
79$1,544,902$265,505$56,322$1,194,217
80$1,605,272$181,305$0$1,205,974
81$1,668,738$89,916$0$1,220,737
82$1,735,518$0$0$1,240,523
83$1,805,852$0$0$1,263,264
84$1,879,999$0$0$1,315,422
85$1,958,243$0$0$1,370,485
86$2,040,891$0$0$1,428,671
87$2,128,282$0$0$1,490,223
88$2,220,781$0$0$1,555,401
89$2,318,792$0$0$1,624,492
90$2,422,751$0$0$1,697,810
91$2,533,138$0$0$1,775,696
92$2,650,478$0$0$1,858,525
93$2,775,344$0$0$1,946,706
94$2,908,364$0$0$2,040,687
95$3,050,224$0$0$2,140,961
96$3,201,678$0$0$2,248,064
97$3,363,551$0$0$2,362,587
98$3,536,747$0$0$2,485,175
99$3,722,258$0$0$2,616,538
100$3,921,170$0$0$2,757,453