Can I retire at age 65 with 854,000?

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 $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%14.2%
1 years$70,523$69,894$69,281$68,683$68,099$66,916
2 years$34,912$34,262$33,632$33,021$32,428$31,240
3 years$23,044$22,391$21,762$21,157$20,574$19,418
4 years$17,110$16,459$15,837$15,242$14,673$13,558
5 years$13,551$12,904$12,290$11,708$11,154$10,083
6 years$11,180$10,537$9,932$9,363$8,826$7,800
7 years$9,486$8,849$8,254$7,697$7,178$6,198
8 years$8,217$7,585$7,000$6,457$5,955$5,020
9 years$7,230$6,605$6,029$5,500$5,015$4,125
10 years$6,441$5,822$5,256$4,741$4,273$3,427
11 years$5,795$5,183$4,628$4,126$3,675$2,872
12 years$5,258$4,652$4,107$3,619$3,185$2,424
13 years$4,804$4,204$3,669$3,195$2,777$2,057
14 years$4,415$3,821$3,297$2,836$2,434$1,754
15 years$4,078$3,491$2,977$2,530$2,143$1,502
16 years$3,784$3,203$2,699$2,265$1,894$1,290
17 years$3,524$2,949$2,456$2,035$1,680$1,110
18 years$3,294$2,725$2,242$1,834$1,493$958
19 years$3,088$2,526$2,052$1,657$1,331$829
20 years$2,902$2,347$1,883$1,501$1,189$718
21 years$2,735$2,186$1,732$1,362$1,064$623
22 years$2,583$2,041$1,597$1,239$954$541
23 years$2,445$1,909$1,474$1,128$856$470
24 years$2,318$1,788$1,363$1,029$770$409
25 years$2,202$1,678$1,263$940$692$357
26 years$2,094$1,577$1,171$859$624$311
27 years$1,995$1,484$1,088$786$562$271
28 years$1,903$1,399$1,011$720$507$237
29 years$1,818$1,320$941$661$458$206
30 years$1,738$1,246$876$606$414$180
31 years$1,664$1,178$817$557$374$158
32 years$1,595$1,115$762$512$339$138
33 years$1,529$1,056$712$471$306$120
34 years$1,468$1,001$665$433$277$105
35 years$1,411$949$622$399$251$92
36 years$1,356$901$582$367$228$80
37 years$1,305$855$544$338$206$70
38 years$1,257$813$510$312$187$62
39 years$1,211$773$478$287$170$54
40 years$1,168$736$448$265$154$47
41 years$1,126$700$420$245$140$41
42 years$1,087$667$394$226$127$36
43 years$1,050$635$369$208$115$32
44 years$1,015$606$347$192$104$28
45 years$981$577$326$178$95$24
46 years$949$551$306$164$86$21
47 years$918$526$287$152$78$19
48 years$889$502$270$140$71$16
49 years$861$479$254$130$64$14
50 years$834$458$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $854,000, adding $4,442 every year, while hoping to spend $37,831 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: 56/15/29 Blend
64$854,000$854,000$854,000$854,000
65$945,690$900,428$887,191$990,851
66$1,001,898$904,297$876,660$1,026,317
67$1,062,572$907,088$864,508$1,060,651
68$1,128,127$908,707$850,642$1,097,302
69$1,199,019$909,057$834,961$1,136,506
70$1,275,751$908,033$817,364$1,178,527
71$1,358,873$905,523$797,742$1,223,654
72$1,448,994$901,409$775,982$1,272,210
73$1,546,780$895,566$751,966$1,324,552
74$1,652,965$887,862$725,570$1,381,074
75$1,768,355$878,155$696,664$1,442,213
76$1,893,839$866,297$665,114$1,508,454
77$2,030,394$852,128$630,779$1,580,333
78$2,179,093$835,482$593,509$1,658,441
79$2,341,120$816,180$553,152$1,743,435
80$2,517,777$794,035$509,544$1,836,040
81$2,710,495$768,848$462,519$1,937,058
82$2,920,851$740,407$411,899$2,047,376
83$3,150,582$708,491$357,501$2,167,976
84$3,401,596$672,862$299,133$2,299,941
85$3,675,998$633,271$236,593$2,444,471
86$3,976,104$589,455$169,672$2,602,890
87$4,304,462$541,134$98,152$2,776,662
88$4,663,881$488,014$21,804$2,967,406
89$5,057,453$429,782$0$3,176,909
90$5,488,581$366,109$0$3,425,611
91$5,961,015$296,648$0$3,705,627
92$6,478,884$221,029$0$4,012,695
93$7,046,736$138,865$0$4,349,559
94$7,669,580$49,746$0$4,719,245
95$8,352,932$0$0$5,125,088
96$9,102,869$0$0$5,578,485
97$9,926,085$0$0$6,085,277
98$10,829,952$0$0$6,641,802
99$11,822,594$0$0$7,253,071
100$12,912,956$0$0$7,924,605