Can I retire at age 65 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$70,688$70,058$69,444$68,844$68,259$66,963
2 years$34,994$34,342$33,711$33,098$32,504$31,203
3 years$23,098$22,443$21,813$21,206$20,622$19,357
4 years$17,151$16,498$15,874$15,278$14,708$13,489
5 years$13,583$12,935$12,319$11,735$11,181$10,011
6 years$11,206$10,562$9,956$9,385$8,847$7,727
7 years$9,508$8,870$8,273$7,716$7,195$6,126
8 years$8,236$7,603$7,016$6,472$5,969$4,950
9 years$7,247$6,620$6,043$5,513$5,027$4,058
10 years$6,456$5,835$5,269$4,752$4,283$3,363
11 years$5,809$5,195$4,638$4,136$3,683$2,811
12 years$5,270$4,663$4,116$3,628$3,192$2,367
13 years$4,815$4,214$3,678$3,203$2,783$2,003
14 years$4,425$3,830$3,304$2,843$2,440$1,704
15 years$4,088$3,499$2,983$2,535$2,148$1,454
16 years$3,792$3,210$2,705$2,270$1,899$1,245
17 years$3,532$2,956$2,461$2,040$1,684$1,069
18 years$3,301$2,732$2,247$1,838$1,497$920
19 years$3,095$2,532$2,057$1,661$1,334$794
20 years$2,909$2,353$1,888$1,504$1,192$685
21 years$2,742$2,191$1,736$1,365$1,066$593
22 years$2,589$2,046$1,600$1,241$956$513
23 years$2,451$1,913$1,478$1,131$858$445
24 years$2,324$1,793$1,367$1,031$771$386
25 years$2,207$1,682$1,266$942$694$335
26 years$2,099$1,581$1,174$861$625$291
27 years$2,000$1,488$1,090$788$564$253
28 years$1,908$1,402$1,013$722$509$220
29 years$1,822$1,323$943$662$459$192
30 years$1,742$1,249$878$608$415$167
31 years$1,668$1,181$819$558$375$145
32 years$1,598$1,117$764$513$339$126
33 years$1,533$1,058$713$472$307$110
34 years$1,472$1,003$667$434$278$96
35 years$1,414$951$623$400$252$84
36 years$1,360$903$583$368$228$73
37 years$1,308$857$546$339$207$64
38 years$1,260$815$511$312$188$55
39 years$1,214$775$479$288$170$48
40 years$1,170$737$449$266$154$42
41 years$1,129$702$421$245$140$37
42 years$1,090$668$395$226$127$32
43 years$1,053$637$370$209$115$28
44 years$1,017$607$348$193$105$24
45 years$983$579$326$178$95$21
46 years$951$552$307$165$86$19
47 years$920$527$288$152$78$16
48 years$891$503$271$140$71$14
49 years$863$480$254$130$65$12
50 years$836$459$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $856,000, adding $5,967 every year, while hoping to spend $34,774 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: 66/24/10 Blend
64$856,000$856,000$856,000$856,000
65$949,467$904,099$890,831$1,009,742
66$1,009,313$911,401$883,675$1,057,926
67$1,074,099$917,894$875,113$1,105,891
68$1,144,290$923,504$865,062$1,157,415
69$1,220,400$928,149$853,435$1,212,842
70$1,302,995$931,742$840,139$1,272,551
71$1,392,695$934,192$825,078$1,336,960
72$1,490,183$935,401$808,152$1,406,533
73$1,596,212$935,265$789,254$1,481,778
74$1,711,607$933,675$768,276$1,563,258
75$1,837,279$930,513$745,101$1,651,593
76$1,974,228$925,655$719,609$1,747,469
77$2,123,557$918,970$691,674$1,851,640
78$2,286,479$910,318$661,164$1,964,940
79$2,464,327$899,552$627,940$2,088,288
80$2,658,572$886,513$591,860$2,222,698
81$2,870,831$871,036$552,771$2,369,290
82$3,102,884$852,946$510,517$2,529,298
83$3,356,692$832,054$464,934$2,704,085
84$3,634,414$808,164$415,848$2,895,153
85$3,938,427$781,067$363,082$3,104,160
86$4,271,348$750,541$306,447$3,332,935
87$4,636,060$716,352$245,747$3,583,496
88$5,035,737$678,252$180,779$3,858,067
89$5,473,876$635,980$111,329$4,159,104
90$5,954,326$589,258$37,173$4,489,314
91$6,481,329$537,793$0$4,851,685
92$7,059,555$481,275$0$5,253,988
93$7,694,150$419,378$0$5,699,904
94$8,390,781$351,756$0$6,189,497
95$9,155,692$278,042$0$6,727,215
96$9,995,758$197,851$0$7,317,963
97$10,918,555$110,777$0$7,967,148
98$11,932,430$16,387$0$8,680,732
99$13,046,576$0$0$9,465,287
100$14,271,121$0$0$10,350,711