Can I retire at age 65 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$70,770$70,140$69,525$68,925$68,338$68,022
2 years$35,035$34,382$33,750$33,137$32,542$32,223
3 years$23,125$22,469$21,838$21,231$20,646$20,333
4 years$17,171$16,517$15,893$15,296$14,725$14,422
5 years$13,599$12,950$12,333$11,749$11,194$10,901
6 years$11,219$10,574$9,967$9,395$8,857$8,575
7 years$9,519$8,880$8,283$7,725$7,203$6,932
8 years$8,245$7,612$7,025$6,480$5,976$5,715
9 years$7,255$6,628$6,050$5,519$5,032$4,782
10 years$6,463$5,842$5,275$4,758$4,288$4,048
11 years$5,816$5,201$4,644$4,141$3,688$3,459
12 years$5,277$4,668$4,121$3,632$3,196$2,977
13 years$4,821$4,218$3,682$3,206$2,787$2,578
14 years$4,430$3,834$3,308$2,846$2,443$2,244
15 years$4,092$3,503$2,987$2,538$2,151$1,961
16 years$3,797$3,214$2,708$2,273$1,901$1,721
17 years$3,536$2,960$2,464$2,042$1,686$1,514
18 years$3,305$2,735$2,250$1,840$1,499$1,336
19 years$3,098$2,535$2,059$1,663$1,336$1,182
20 years$2,913$2,355$1,890$1,506$1,193$1,047
21 years$2,745$2,194$1,738$1,367$1,068$930
22 years$2,592$2,048$1,602$1,243$957$827
23 years$2,453$1,915$1,479$1,132$859$736
24 years$2,326$1,795$1,368$1,032$772$656
25 years$2,209$1,684$1,267$943$695$586
26 years$2,102$1,583$1,175$862$626$523
27 years$2,002$1,490$1,091$789$564$468
28 years$1,910$1,404$1,015$723$509$418
29 years$1,824$1,324$944$663$460$374
30 years$1,744$1,251$879$608$415$335
31 years$1,670$1,182$820$559$376$300
32 years$1,600$1,119$765$514$340$269
33 years$1,535$1,059$714$472$307$242
34 years$1,473$1,004$667$435$278$217
35 years$1,416$952$624$400$252$195
36 years$1,361$904$584$368$228$175
37 years$1,310$858$546$339$207$157
38 years$1,261$816$512$313$188$141
39 years$1,215$776$479$288$170$127
40 years$1,172$738$449$266$154$114
41 years$1,130$703$421$245$140$102
42 years$1,091$669$395$227$127$92
43 years$1,054$638$371$209$115$83
44 years$1,018$608$348$193$105$74
45 years$984$580$327$178$95$67
46 years$952$553$307$165$86$60
47 years$921$528$288$152$78$54
48 years$892$504$271$141$71$49
49 years$864$481$255$130$65$44
50 years$837$459$239$120$59$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $857,000, adding $3,310 every year, while hoping to spend $25,973 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: 81/10/9 Blend
64$857,000$857,000$857,000$857,000
65$947,828$902,407$889,124$1,023,106
66$1,016,872$918,990$891,274$1,089,486
67$1,092,087$935,515$892,626$1,158,563
68$1,174,076$951,952$893,126$1,233,600
69$1,263,502$968,268$892,716$1,315,181
70$1,361,095$984,428$891,337$1,403,947
71$1,467,656$1,000,394$888,926$1,500,605
72$1,584,069$1,016,126$885,418$1,605,935
73$1,711,309$1,031,581$880,744$1,720,792
74$1,850,445$1,046,711$874,832$1,846,123
75$2,002,658$1,061,467$867,606$1,982,968
76$2,169,245$1,075,795$858,987$2,132,473
77$2,351,638$1,089,639$848,892$2,295,901
78$2,551,409$1,102,936$837,235$2,474,642
79$2,770,295$1,115,622$823,924$2,670,231
80$3,010,204$1,127,626$808,865$2,884,355
81$3,273,240$1,138,875$791,957$3,118,876
82$3,561,720$1,149,289$773,097$3,375,842
83$3,878,195$1,158,784$752,175$3,657,513
84$4,225,475$1,167,269$729,077$3,966,378
85$4,606,657$1,174,648$703,684$4,305,178
86$5,025,150$1,180,820$675,872$4,676,936
87$5,484,711$1,185,675$645,509$5,084,980
88$5,989,477$1,189,099$612,459$5,532,981
89$6,544,007$1,190,968$576,580$6,024,980
90$7,153,322$1,191,152$537,722$6,565,433
91$7,822,956$1,189,513$495,730$7,159,250
92$8,559,001$1,185,904$450,441$7,811,839
93$9,368,174$1,180,168$401,686$8,529,162
94$10,257,871$1,172,139$349,286$9,317,790
95$11,236,243$1,161,643$293,056$10,184,960
96$12,312,269$1,148,493$232,802$11,138,652
97$13,495,842$1,132,491$168,323$12,187,657
98$14,797,863$1,113,428$99,407$13,341,664
99$16,230,342$1,091,083$25,834$14,611,348
100$17,806,511$1,065,220$0$16,008,476