Can I retire at age 65 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$70,275$69,649$69,038$68,442$67,860$66,354
2 years$34,789$34,142$33,514$32,905$32,314$30,805
3 years$22,963$22,312$21,686$21,082$20,501$19,036
4 years$17,050$16,402$15,782$15,189$14,622$13,211
5 years$13,504$12,859$12,247$11,666$11,115$9,764
6 years$11,140$10,500$9,897$9,330$8,795$7,504
7 years$9,453$8,818$8,225$7,670$7,153$5,922
8 years$8,188$7,559$6,975$6,435$5,934$4,763
9 years$7,204$6,581$6,008$5,481$4,997$3,886
10 years$6,418$5,801$5,238$4,725$4,258$3,205
11 years$5,775$5,164$4,611$4,112$3,662$2,666
12 years$5,240$4,635$4,092$3,607$3,173$2,232
13 years$4,787$4,189$3,656$3,184$2,767$1,879
14 years$4,399$3,808$3,285$2,826$2,426$1,590
15 years$4,064$3,478$2,966$2,521$2,136$1,350
16 years$3,770$3,191$2,689$2,257$1,888$1,149
17 years$3,512$2,939$2,447$2,028$1,674$981
18 years$3,282$2,716$2,234$1,828$1,488$839
19 years$3,077$2,517$2,045$1,651$1,326$719
20 years$2,892$2,339$1,877$1,496$1,185$618
21 years$2,726$2,179$1,726$1,357$1,060$531
22 years$2,574$2,034$1,591$1,234$950$457
23 years$2,436$1,902$1,469$1,124$853$394
24 years$2,310$1,782$1,359$1,025$767$339
25 years$2,194$1,672$1,258$936$690$293
26 years$2,087$1,572$1,167$856$622$253
27 years$1,988$1,479$1,084$784$560$218
28 years$1,897$1,394$1,007$718$506$189
29 years$1,812$1,315$938$658$457$163
30 years$1,732$1,242$873$604$413$141
31 years$1,658$1,174$814$555$373$122
32 years$1,589$1,111$760$510$337$106
33 years$1,524$1,052$709$469$305$91
34 years$1,463$997$663$431$276$79
35 years$1,406$946$620$397$250$68
36 years$1,352$898$580$366$227$59
37 years$1,301$852$542$337$206$51
38 years$1,252$810$508$311$186$44
39 years$1,207$770$476$286$169$38
40 years$1,163$733$446$264$153$33
41 years$1,122$698$418$244$139$29
42 years$1,083$664$392$225$126$25
43 years$1,046$633$368$208$115$22
44 years$1,011$603$346$192$104$19
45 years$977$575$325$177$94$16
46 years$945$549$305$164$86$14
47 years$915$524$286$151$78$12
48 years$886$500$269$140$71$11
49 years$858$478$253$129$64$9
50 years$831$456$238$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $851,000, adding $4,103 every year, while hoping to spend $51,754 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: 62/21/17 Blend
64$851,000$851,000$851,000$851,000
65$942,034$896,931$883,741$996,154
66$983,056$885,815$858,280$1,021,957
67$1,026,527$872,420$830,232$1,043,917
68$1,072,643$856,578$799,455$1,066,671
69$1,121,618$838,116$765,802$1,090,298
70$1,173,684$816,844$729,117$1,114,891
71$1,229,097$792,567$689,240$1,140,553
72$1,288,137$765,075$646,002$1,167,399
73$1,351,109$734,146$599,225$1,195,558
74$1,418,350$699,546$548,727$1,225,176
75$1,490,226$661,029$494,313$1,256,415
76$1,567,140$618,330$435,784$1,289,459
77$1,649,534$571,174$372,929$1,324,510
78$1,737,893$519,268$305,528$1,361,797
79$1,832,747$462,302$233,353$1,401,575
80$1,934,681$399,948$156,164$1,444,128
81$2,044,335$331,862$73,711$1,489,774
82$2,162,411$257,677$0$1,538,868
83$2,289,681$177,008$0$1,594,395
84$2,426,995$89,447$0$1,668,640
85$2,575,283$0$0$1,748,763
86$2,735,570$0$0$1,836,617
87$2,908,980$0$0$1,954,076
88$3,096,751$0$0$2,081,315
89$3,300,244$0$0$2,219,262
90$3,520,952$0$0$2,368,938
91$3,760,522$0$0$2,531,465
92$4,020,761$0$0$2,708,078
93$4,303,660$0$0$2,900,135
94$4,611,407$0$0$3,109,131
95$4,946,411$0$0$3,336,709
96$5,311,321$0$0$3,584,680
97$5,709,054$0$0$3,855,034
98$6,142,819$0$0$4,149,962
99$6,616,148$0$0$4,471,877
100$7,132,930$0$0$4,823,434