Can I retire at age 65 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$70,027$69,403$68,795$68,201$67,621$65,879
2 years$34,667$34,021$33,395$32,789$32,200$30,457
3 years$22,882$22,233$21,609$21,008$20,429$18,739
4 years$16,990$16,344$15,726$15,135$14,570$12,946
5 years$13,456$12,814$12,204$11,625$11,076$9,523
6 years$11,101$10,463$9,863$9,297$8,764$7,283
7 years$9,419$8,787$8,196$7,643$7,128$5,719
8 years$8,159$7,532$6,951$6,412$5,913$4,576
9 years$7,179$6,558$5,987$5,461$4,980$3,713
10 years$6,395$5,781$5,219$4,708$4,243$3,045
11 years$5,755$5,146$4,595$4,097$3,649$2,518
12 years$5,221$4,619$4,078$3,594$3,162$2,096
13 years$4,770$4,174$3,643$3,173$2,757$1,754
14 years$4,384$3,794$3,274$2,816$2,417$1,475
15 years$4,049$3,466$2,956$2,512$2,128$1,244
16 years$3,757$3,180$2,680$2,249$1,881$1,053
17 years$3,499$2,929$2,438$2,021$1,668$893
18 years$3,270$2,706$2,226$1,821$1,483$759
19 years$3,066$2,508$2,038$1,646$1,322$646
20 years$2,882$2,331$1,870$1,490$1,181$551
21 years$2,716$2,171$1,720$1,353$1,057$470
22 years$2,565$2,026$1,585$1,230$947$402
23 years$2,428$1,895$1,464$1,120$850$344
24 years$2,302$1,776$1,354$1,022$764$294
25 years$2,186$1,667$1,254$933$688$252
26 years$2,080$1,566$1,163$853$619$216
27 years$1,981$1,474$1,080$781$558$185
28 years$1,890$1,389$1,004$715$504$159
29 years$1,805$1,310$934$656$455$136
30 years$1,726$1,237$870$602$411$117
31 years$1,652$1,170$811$553$372$100
32 years$1,583$1,107$757$508$336$86
33 years$1,519$1,048$707$467$304$74
34 years$1,458$993$660$430$275$64
35 years$1,401$942$617$396$250$55
36 years$1,347$894$578$365$226$47
37 years$1,296$849$541$336$205$40
38 years$1,248$807$506$310$186$35
39 years$1,202$768$474$285$168$30
40 years$1,159$730$445$263$153$26
41 years$1,118$695$417$243$139$22
42 years$1,080$662$391$224$126$19
43 years$1,043$631$367$207$114$16
44 years$1,008$601$344$191$104$14
45 years$974$573$323$176$94$12
46 years$942$547$304$163$85$10
47 years$912$522$285$151$78$9
48 years$882$498$268$139$70$8
49 years$855$476$252$129$64$7
50 years$828$455$237$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $848,000, adding $2,300 every year, while hoping to spend $52,267 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: 44/44/12 Blend
64$848,000$848,000$848,000$848,000
65$936,868$891,924$878,780$974,765
66$976,817$880,017$852,608$989,479
67$1,019,089$865,774$823,807$999,953
68$1,063,866$849,027$792,234$1,010,146
69$1,111,346$829,595$757,740$1,020,053
70$1,161,746$807,288$720,167$1,029,671
71$1,215,305$781,906$679,353$1,039,002
72$1,272,280$753,233$635,125$1,048,054
73$1,332,957$721,046$587,306$1,056,836
74$1,397,647$685,105$535,709$1,065,368
75$1,466,689$645,158$480,138$1,073,674
76$1,540,458$600,938$420,390$1,081,786
77$1,619,364$552,162$356,251$1,089,747
78$1,703,853$498,532$287,499$1,097,607
79$1,794,418$439,733$213,903$1,105,433
80$1,891,600$375,431$135,220$1,113,302
81$1,995,990$305,274$51,197$1,121,307
82$2,108,238$228,889$0$1,129,559
83$2,229,059$145,885$0$1,143,114
84$2,359,235$55,845$0$1,164,516
85$2,499,627$0$0$1,187,418
86$2,651,182$0$0$1,232,238
87$2,814,938$0$0$1,309,962
88$2,992,038$0$0$1,394,103
89$3,183,735$0$0$1,485,269
90$3,391,411$0$0$1,584,125
91$3,616,582$0$0$1,691,406
92$3,860,917$0$0$1,807,920
93$4,126,251$0$0$1,934,554
94$4,414,602$0$0$2,072,285
95$4,728,189$0$0$2,222,187
96$5,069,457$0$0$2,385,442
97$5,441,092$0$0$2,563,353
98$5,846,052$0$0$2,757,350
99$6,287,592$0$0$2,969,009
100$6,769,295$0$0$3,200,066