Can I retire at age 65 with 856,000?

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 $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%15%
1 years$70,688$70,058$69,444$68,844$68,259$66,853
2 years$34,994$34,342$33,711$33,098$32,504$31,094
3 years$23,098$22,443$21,813$21,206$20,622$19,252
4 years$17,151$16,498$15,874$15,278$14,708$13,388
5 years$13,583$12,935$12,319$11,735$11,181$9,915
6 years$11,206$10,562$9,956$9,385$8,847$7,637
7 years$9,508$8,870$8,273$7,716$7,195$6,041
8 years$8,236$7,603$7,016$6,472$5,969$4,870
9 years$7,247$6,620$6,043$5,513$5,027$3,983
10 years$6,456$5,835$5,269$4,752$4,283$3,293
11 years$5,809$5,195$4,638$4,136$3,683$2,746
12 years$5,270$4,663$4,116$3,628$3,192$2,305
13 years$4,815$4,214$3,678$3,203$2,783$1,946
14 years$4,425$3,830$3,304$2,843$2,440$1,651
15 years$4,088$3,499$2,983$2,535$2,148$1,405
16 years$3,792$3,210$2,705$2,270$1,899$1,200
17 years$3,532$2,956$2,461$2,040$1,684$1,027
18 years$3,301$2,732$2,247$1,838$1,497$882
19 years$3,095$2,532$2,057$1,661$1,334$758
20 years$2,909$2,353$1,888$1,504$1,192$653
21 years$2,742$2,191$1,736$1,365$1,066$563
22 years$2,589$2,046$1,600$1,241$956$486
23 years$2,451$1,913$1,478$1,131$858$420
24 years$2,324$1,793$1,367$1,031$771$363
25 years$2,207$1,682$1,266$942$694$314
26 years$2,099$1,581$1,174$861$625$272
27 years$2,000$1,488$1,090$788$564$236
28 years$1,908$1,402$1,013$722$509$204
29 years$1,822$1,323$943$662$459$177
30 years$1,742$1,249$878$608$415$154
31 years$1,668$1,181$819$558$375$133
32 years$1,598$1,117$764$513$339$116
33 years$1,533$1,058$713$472$307$101
34 years$1,472$1,003$667$434$278$87
35 years$1,414$951$623$400$252$76
36 years$1,360$903$583$368$228$66
37 years$1,308$857$546$339$207$57
38 years$1,260$815$511$312$188$50
39 years$1,214$775$479$288$170$43
40 years$1,170$737$449$266$154$38
41 years$1,129$702$421$245$140$33
42 years$1,090$668$395$226$127$28
43 years$1,053$637$370$209$115$25
44 years$1,017$607$348$193$105$21
45 years$983$579$326$178$95$19
46 years$951$552$307$165$86$16
47 years$920$527$288$152$78$14
48 years$891$503$271$140$71$12
49 years$863$480$254$130$65$11
50 years$836$459$239$120$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $856,000, adding $2,344 every year, while hoping to spend $37,562 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: 52/35/13 Blend
64$856,000$856,000$856,000$856,000
65$945,730$900,362$887,094$991,514
66$1,002,229$904,514$876,846$1,027,197
67$1,063,231$907,610$864,996$1,061,793
68$1,129,158$909,560$851,450$1,098,564
69$1,200,469$910,266$836,111$1,137,726
70$1,277,673$909,625$818,876$1,179,519
71$1,361,326$907,527$799,639$1,224,207
72$1,452,041$903,856$778,287$1,272,084
73$1,550,494$898,489$754,704$1,323,475
74$1,657,424$891,295$728,766$1,378,741
75$1,773,647$882,135$700,346$1,438,280
76$1,900,062$870,861$669,310$1,502,536
77$2,037,653$857,319$635,517$1,571,997
78$2,187,509$841,342$598,822$1,647,206
79$2,350,823$822,756$559,070$1,728,763
80$2,528,911$801,375$516,103$1,817,332
81$2,723,220$777,003$469,754$1,913,649
82$2,935,345$749,433$419,846$2,018,526
83$3,167,038$718,443$366,199$2,132,864
84$3,420,231$683,802$308,622$2,257,659
85$3,697,050$645,264$246,916$2,394,011
86$3,999,835$602,567$180,874$2,543,139
87$4,331,163$555,438$110,278$2,706,390
88$4,693,872$503,585$34,903$2,885,251
89$5,091,087$446,700$0$3,081,371
90$5,526,248$384,459$0$3,302,883
91$6,003,146$316,517$0$3,551,062
92$6,525,953$242,514$0$3,823,317
93$7,099,268$162,064$0$4,122,144
94$7,728,152$74,764$0$4,450,293
95$8,418,181$0$0$4,810,804
96$9,175,500$0$0$5,214,662
97$10,006,873$0$0$5,689,709
98$10,919,753$0$0$6,211,420
99$11,922,351$0$0$6,784,498
100$13,023,710$0$0$7,414,126