Can I retire at age 65 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$70,192$69,567$68,957$68,362$67,780$66,061
2 years$34,749$34,101$33,474$32,866$32,276$30,556
3 years$22,936$22,286$21,660$21,058$20,477$18,809
4 years$17,030$16,382$15,763$15,171$14,605$13,001
5 years$13,488$12,844$12,233$11,653$11,102$9,568
6 years$11,127$10,488$9,886$9,319$8,785$7,322
7 years$9,442$8,808$8,215$7,661$7,144$5,752
8 years$8,178$7,550$6,967$6,427$5,927$4,605
9 years$7,196$6,574$6,001$5,474$4,991$3,739
10 years$6,410$5,794$5,232$4,719$4,253$3,068
11 years$5,768$5,158$4,606$4,107$3,658$2,539
12 years$5,234$4,630$4,088$3,602$3,170$2,115
13 years$4,781$4,184$3,652$3,180$2,764$1,771
14 years$4,394$3,803$3,281$2,823$2,423$1,490
15 years$4,059$3,474$2,963$2,518$2,133$1,258
16 years$3,766$3,188$2,686$2,254$1,885$1,065
17 years$3,507$2,936$2,444$2,026$1,672$904
18 years$3,278$2,713$2,231$1,825$1,486$769
19 years$3,073$2,514$2,043$1,649$1,325$655
20 years$2,889$2,336$1,875$1,494$1,183$559
21 years$2,722$2,176$1,724$1,356$1,059$478
22 years$2,571$2,031$1,589$1,233$949$409
23 years$2,433$1,900$1,467$1,123$852$350
24 years$2,307$1,780$1,357$1,024$766$300
25 years$2,191$1,670$1,257$935$689$257
26 years$2,085$1,570$1,166$855$621$220
27 years$1,986$1,478$1,082$783$560$189
28 years$1,894$1,392$1,006$717$505$162
29 years$1,809$1,313$936$658$456$139
30 years$1,730$1,240$872$603$412$120
31 years$1,656$1,173$813$554$373$103
32 years$1,587$1,109$759$509$337$88
33 years$1,522$1,051$708$468$305$76
34 years$1,461$996$662$431$276$65
35 years$1,404$945$619$397$250$56
36 years$1,350$897$579$365$227$48
37 years$1,299$851$542$337$205$42
38 years$1,251$809$507$310$186$36
39 years$1,205$769$475$286$169$31
40 years$1,162$732$446$264$153$26
41 years$1,121$697$418$243$139$23
42 years$1,082$664$392$225$126$20
43 years$1,045$632$368$207$114$17
44 years$1,010$603$345$192$104$14
45 years$976$575$324$177$94$12
46 years$944$548$304$163$86$11
47 years$914$523$286$151$78$9
48 years$885$500$269$139$71$8
49 years$857$477$253$129$64$7
50 years$830$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $850,000, adding $2,764 every year, while hoping to spend $43,364 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: 87/8/5 Blend
64$850,000$850,000$850,000$850,000
65$939,551$894,501$881,326$1,021,125
66$989,246$892,193$864,712$1,072,339
67$1,042,557$888,318$846,087$1,122,300
68$1,099,806$882,754$825,339$1,175,790
69$1,161,349$875,371$802,350$1,233,131
70$1,227,573$866,031$776,996$1,294,680
71$1,298,908$854,588$749,147$1,360,827
72$1,375,821$840,888$718,668$1,432,002
73$1,458,828$824,765$685,418$1,508,678
74$1,548,497$806,047$649,247$1,591,377
75$1,645,449$784,548$610,002$1,680,673
76$1,750,369$760,075$567,522$1,777,196
77$1,864,009$732,421$521,636$1,881,642
78$1,987,196$701,368$472,169$1,994,777
79$2,120,839$666,684$418,936$2,117,444
80$2,265,939$628,126$361,744$2,250,571
81$2,423,595$585,435$300,393$2,395,181
82$2,595,019$538,338$234,673$2,552,401
83$2,781,540$486,545$164,364$2,723,472
84$2,984,623$429,753$89,237$2,909,761
85$3,205,882$367,638$9,053$3,112,773
86$3,447,089$299,859$0$3,334,169
87$3,710,196$226,056$0$3,579,859
88$3,997,353$145,850$0$3,848,556
89$4,310,924$58,838$0$4,142,010
90$4,653,514$0$0$4,462,682
91$5,027,988$0$0$4,816,400
92$5,437,503$0$0$5,208,888
93$5,885,534$0$0$5,638,298
94$6,375,905$0$0$6,108,299
95$6,912,831$0$0$6,622,928
96$7,500,951$0$0$7,186,635
97$8,145,374$0$0$7,804,317
98$8,851,727$0$0$8,481,369
99$9,626,207$0$0$9,223,732
100$10,475,639$0$0$10,037,949