Can I retire at age 65 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$70,523$69,894$69,281$68,683$68,099$65,761
2 years$34,912$34,262$33,632$33,021$32,428$30,097
3 years$23,044$22,391$21,762$21,157$20,574$18,322
4 years$17,110$16,459$15,837$15,242$14,673$12,518
5 years$13,551$12,904$12,290$11,708$11,154$9,102
6 years$11,180$10,537$9,932$9,363$8,826$6,878
7 years$9,486$8,849$8,254$7,697$7,178$5,333
8 years$8,217$7,585$7,000$6,457$5,955$4,212
9 years$7,230$6,605$6,029$5,500$5,015$3,372
10 years$6,441$5,822$5,256$4,741$4,273$2,728
11 years$5,795$5,183$4,628$4,126$3,675$2,224
12 years$5,258$4,652$4,107$3,619$3,185$1,825
13 years$4,804$4,204$3,669$3,195$2,777$1,505
14 years$4,415$3,821$3,297$2,836$2,434$1,246
15 years$4,078$3,491$2,977$2,530$2,143$1,035
16 years$3,784$3,203$2,699$2,265$1,894$862
17 years$3,524$2,949$2,456$2,035$1,680$719
18 years$3,294$2,725$2,242$1,834$1,493$601
19 years$3,088$2,526$2,052$1,657$1,331$504
20 years$2,902$2,347$1,883$1,501$1,189$422
21 years$2,735$2,186$1,732$1,362$1,064$354
22 years$2,583$2,041$1,597$1,239$954$298
23 years$2,445$1,909$1,474$1,128$856$250
24 years$2,318$1,788$1,363$1,029$770$211
25 years$2,202$1,678$1,263$940$692$177
26 years$2,094$1,577$1,171$859$624$149
27 years$1,995$1,484$1,088$786$562$126
28 years$1,903$1,399$1,011$720$507$106
29 years$1,818$1,320$941$661$458$89
30 years$1,738$1,246$876$606$414$75
31 years$1,664$1,178$817$557$374$63
32 years$1,595$1,115$762$512$339$53
33 years$1,529$1,056$712$471$306$45
34 years$1,468$1,001$665$433$277$38
35 years$1,411$949$622$399$251$32
36 years$1,356$901$582$367$228$27
37 years$1,305$855$544$338$206$23
38 years$1,257$813$510$312$187$19
39 years$1,211$773$478$287$170$16
40 years$1,168$736$448$265$154$14
41 years$1,126$700$420$245$140$12
42 years$1,087$667$394$226$127$10
43 years$1,050$635$369$208$115$8
44 years$1,015$606$347$192$104$7
45 years$981$577$326$178$95$6
46 years$949$551$306$164$86$5
47 years$918$526$287$152$78$4
48 years$889$502$270$140$71$4
49 years$861$479$254$130$64$3
50 years$834$458$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $854,000, adding $5,335 every year, while hoping to spend $47,110 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: 75/12/13 Blend
64$854,000$854,000$854,000$854,000
65$946,611$901,349$888,112$1,014,681
66$993,041$895,390$867,739$1,054,393
67$1,042,627$887,561$845,105$1,091,486
68$1,095,643$877,719$820,084$1,130,844
69$1,152,386$865,715$792,544$1,172,677
70$1,213,185$851,390$762,349$1,217,217
71$1,278,397$834,576$729,355$1,264,721
72$1,348,417$815,094$693,412$1,315,471
73$1,423,677$792,755$654,363$1,369,780
74$1,504,652$767,360$612,045$1,427,994
75$1,591,863$738,697$566,285$1,490,493
76$1,685,883$706,542$516,904$1,557,699
77$1,787,339$670,659$463,717$1,630,076
78$1,896,922$630,797$406,526$1,708,138
79$2,015,393$586,690$345,129$1,792,451
80$2,143,584$538,059$279,313$1,883,642
81$2,282,414$484,608$208,854$1,982,401
82$2,432,890$426,024$133,520$2,089,492
83$2,596,121$361,975$53,069$2,205,756
84$2,773,327$292,113$0$2,332,123
85$2,965,848$216,069$0$2,474,169
86$3,175,160$133,452$0$2,636,631
87$3,402,886$43,851$0$2,813,427
88$3,650,812$0$0$3,005,981
89$3,920,902$0$0$3,222,878
90$4,215,320$0$0$3,465,655
91$4,536,444$0$0$3,730,487
92$4,886,894$0$0$4,019,540
93$5,269,554$0$0$4,335,195
94$5,687,598$0$0$4,680,075
95$6,144,519$0$0$5,057,067
96$6,644,165$0$0$5,469,351
97$7,190,771$0$0$5,920,427
98$7,789,002$0$0$6,414,148
99$8,443,992$0$0$6,954,758
100$9,161,397$0$0$7,546,931