Can I retire at age 65 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$70,110$69,485$68,876$68,281$67,700$66,716
2 years$34,708$34,061$33,435$32,827$32,238$31,249
3 years$22,909$22,259$21,635$21,033$20,453$19,489
4 years$17,010$16,363$15,744$15,153$14,587$13,656
5 years$13,472$12,829$12,218$11,639$11,089$10,194
6 years$11,114$10,476$9,874$9,308$8,774$7,916
7 years$9,431$8,797$8,206$7,652$7,136$6,314
8 years$8,168$7,541$6,959$6,419$5,920$5,135
9 years$7,187$6,566$5,994$5,468$4,985$4,237
10 years$6,403$5,787$5,225$4,713$4,248$3,535
11 years$5,761$5,152$4,600$4,102$3,653$2,976
12 years$5,227$4,624$4,083$3,598$3,166$2,523
13 years$4,776$4,179$3,648$3,177$2,761$2,151
14 years$4,389$3,799$3,277$2,820$2,420$1,843
15 years$4,054$3,470$2,959$2,515$2,131$1,585
16 years$3,761$3,184$2,683$2,252$1,883$1,368
17 years$3,503$2,932$2,441$2,023$1,670$1,184
18 years$3,274$2,709$2,229$1,823$1,485$1,027
19 years$3,070$2,511$2,040$1,647$1,323$893
20 years$2,885$2,333$1,872$1,492$1,182$777
21 years$2,719$2,174$1,722$1,354$1,058$678
22 years$2,568$2,029$1,587$1,231$948$592
23 years$2,431$1,898$1,466$1,121$851$518
24 years$2,305$1,778$1,355$1,023$765$453
25 years$2,189$1,668$1,255$934$688$397
26 years$2,082$1,568$1,164$854$620$348
27 years$1,984$1,476$1,081$782$559$305
28 years$1,892$1,391$1,005$716$504$268
29 years$1,807$1,312$935$657$455$235
30 years$1,728$1,239$871$603$412$206
31 years$1,654$1,171$812$554$372$181
32 years$1,585$1,108$758$509$337$159
33 years$1,520$1,049$708$468$305$140
34 years$1,460$995$661$430$276$123
35 years$1,402$943$618$396$250$108
36 years$1,348$895$578$365$226$95
37 years$1,298$850$541$336$205$84
38 years$1,249$808$507$310$186$74
39 years$1,204$769$475$286$169$65
40 years$1,161$731$445$264$153$57
41 years$1,120$696$417$243$139$50
42 years$1,081$663$391$224$126$44
43 years$1,044$632$367$207$114$39
44 years$1,009$602$345$191$104$34
45 years$975$574$324$177$94$30
46 years$943$548$304$163$86$27
47 years$913$523$286$151$78$23
48 years$884$499$268$139$71$21
49 years$856$476$252$129$64$18
50 years$829$455$237$119$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $849,000, adding $6,486 every year, while hoping to spend $26,855 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: 58/32/10 Blend
64$849,000$849,000$849,000$849,000
65$942,288$897,291$884,132$994,328
66$1,009,828$912,685$885,177$1,045,529
67$1,083,357$927,933$885,357$1,097,733
68$1,163,458$943,000$884,614$1,153,984
69$1,250,771$957,847$882,889$1,214,671
70$1,346,002$972,434$880,118$1,280,227
71$1,449,927$986,717$876,236$1,351,125
72$1,563,403$1,000,649$871,172$1,427,889
73$1,687,368$1,014,179$864,855$1,511,096
74$1,822,860$1,027,254$857,208$1,601,383
75$1,971,018$1,039,816$848,151$1,699,451
76$2,133,098$1,051,803$837,600$1,806,073
77$2,310,484$1,063,151$825,469$1,922,102
78$2,504,696$1,073,789$811,666$2,048,478
79$2,717,413$1,083,642$796,094$2,186,238
80$2,950,479$1,092,631$778,654$2,336,525
81$3,205,929$1,100,671$759,239$2,500,600
82$3,486,002$1,107,671$737,742$2,679,851
83$3,793,163$1,113,536$714,045$2,875,812
84$4,130,130$1,118,164$688,030$3,090,172
85$4,499,895$1,121,446$659,571$3,324,794
86$4,905,753$1,123,265$628,535$3,581,732
87$5,351,335$1,123,501$594,787$3,863,253
88$5,840,641$1,122,021$558,181$4,171,852
89$6,378,074$1,118,689$518,568$4,510,285
90$6,968,489$1,113,356$475,792$4,881,587
91$7,617,232$1,105,867$429,688$5,289,107
92$8,330,192$1,096,057$380,085$5,736,536
93$9,113,858$1,083,750$326,804$6,227,944
94$9,975,379$1,068,761$269,659$6,767,818
95$10,922,630$1,050,892$208,455$7,361,107
96$11,964,287$1,029,936$142,988$8,013,265
97$13,109,912$1,005,670$73,045$8,730,307
98$14,370,037$977,861$0$9,518,864
99$15,756,265$946,262$0$10,386,415
100$17,281,385$910,609$0$11,349,180