Can I retire at age 65 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$70,440$69,813$69,200$68,603$68,019$65,842
2 years$34,871$34,222$33,592$32,982$32,390$30,217
3 years$23,017$22,364$21,737$21,132$20,550$18,448
4 years$17,090$16,440$15,819$15,224$14,656$12,643
5 years$13,536$12,889$12,276$11,694$11,141$9,221
6 years$11,167$10,525$9,921$9,352$8,816$6,991
7 years$9,475$8,839$8,244$7,688$7,170$5,440
8 years$8,207$7,577$6,992$6,450$5,948$4,312
9 years$7,221$6,597$6,022$5,494$5,009$3,465
10 years$6,433$5,815$5,250$4,736$4,268$2,813
11 years$5,789$5,177$4,622$4,121$3,671$2,303
12 years$5,252$4,646$4,102$3,615$3,181$1,897
13 years$4,798$4,199$3,665$3,192$2,774$1,570
14 years$4,410$3,817$3,293$2,833$2,431$1,306
15 years$4,073$3,487$2,973$2,527$2,141$1,089
16 years$3,779$3,199$2,696$2,262$1,892$911
17 years$3,520$2,946$2,453$2,033$1,678$764
18 years$3,290$2,722$2,239$1,832$1,492$641
19 years$3,084$2,523$2,050$1,655$1,330$540
20 years$2,899$2,344$1,881$1,499$1,188$454
21 years$2,732$2,184$1,730$1,361$1,063$383
22 years$2,580$2,038$1,595$1,237$953$323
23 years$2,442$1,907$1,472$1,127$855$273
24 years$2,315$1,786$1,362$1,028$769$231
25 years$2,199$1,676$1,261$938$692$195
26 years$2,092$1,575$1,170$858$623$165
27 years$1,993$1,483$1,086$785$562$140
28 years$1,901$1,397$1,010$720$507$118
29 years$1,816$1,318$940$660$458$100
30 years$1,736$1,245$875$606$414$85
31 years$1,662$1,177$816$556$374$72
32 years$1,593$1,113$761$511$338$61
33 years$1,528$1,054$711$470$306$52
34 years$1,466$999$664$432$277$44
35 years$1,409$948$621$398$251$37
36 years$1,355$900$581$367$227$31
37 years$1,304$854$544$338$206$27
38 years$1,255$812$509$311$187$23
39 years$1,210$772$477$287$169$19
40 years$1,166$735$447$265$154$16
41 years$1,125$699$419$244$139$14
42 years$1,086$666$393$225$127$12
43 years$1,049$635$369$208$115$10
44 years$1,013$605$346$192$104$8
45 years$980$577$325$177$95$7
46 years$948$550$306$164$86$6
47 years$917$525$287$151$78$5
48 years$888$501$270$140$71$4
49 years$860$479$254$129$64$4
50 years$833$457$238$120$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $853,000, adding $2,306 every year, while hoping to spend $33,360 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: 57/30/13 Blend
64$853,000$853,000$853,000$853,000
65$942,385$897,176$883,954$992,871
66$1,003,013$905,642$878,072$1,035,752
67$1,068,708$913,406$870,874$1,078,580
68$1,139,950$920,397$862,282$1,124,464
69$1,217,269$926,540$852,213$1,173,704
70$1,301,247$931,758$840,579$1,226,628
71$1,392,526$935,965$827,290$1,283,600
72$1,491,809$939,073$812,250$1,345,022
73$1,599,872$940,987$795,359$1,411,337
74$1,717,569$941,605$776,514$1,483,037
75$1,845,838$940,821$755,604$1,560,662
76$1,985,712$938,519$732,515$1,644,811
77$2,138,329$934,581$707,128$1,736,143
78$2,304,940$928,877$679,319$1,835,388
79$2,486,923$921,271$648,955$1,943,351
80$2,685,795$911,619$615,901$2,060,921
81$2,903,226$899,769$580,013$2,189,080
82$3,141,054$885,557$541,143$2,328,912
83$3,401,305$868,812$499,135$2,481,614
84$3,686,207$849,353$453,824$2,648,507
85$3,998,215$826,986$405,042$2,831,050
86$4,340,032$801,507$352,610$3,030,852
87$4,714,635$772,701$296,343$3,249,691
88$5,125,304$740,339$236,046$3,489,528
89$5,575,648$704,179$171,517$3,752,529
90$6,069,646$663,966$102,545$4,041,083
91$6,611,678$619,428$28,909$4,357,827
92$7,206,570$570,281$0$4,705,672
93$7,859,636$516,221$0$5,094,719
94$8,576,732$456,929$0$5,526,349
95$9,364,308$392,067$0$6,000,493
96$10,229,467$321,279$0$6,521,500
97$11,180,038$244,186$0$7,094,168
98$12,224,643$160,392$0$7,723,789
99$13,372,781$69,476$0$8,416,197
100$14,634,918$0$0$9,177,825