Can I retire at age 65 with 857,000?

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 $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%12.3%
1 years$70,770$70,140$69,525$68,925$68,338$67,681
2 years$35,035$34,382$33,750$33,137$32,542$31,880
3 years$23,125$22,469$21,838$21,231$20,646$20,000
4 years$17,171$16,517$15,893$15,296$14,725$14,099
5 years$13,599$12,950$12,333$11,749$11,194$10,590
6 years$11,219$10,574$9,967$9,395$8,857$8,277
7 years$9,519$8,880$8,283$7,725$7,203$6,647
8 years$8,245$7,612$7,025$6,480$5,976$5,443
9 years$7,255$6,628$6,050$5,519$5,032$4,523
10 years$6,463$5,842$5,275$4,758$4,288$3,801
11 years$5,816$5,201$4,644$4,141$3,688$3,224
12 years$5,277$4,668$4,121$3,632$3,196$2,754
13 years$4,821$4,218$3,682$3,206$2,787$2,366
14 years$4,430$3,834$3,308$2,846$2,443$2,044
15 years$4,092$3,503$2,987$2,538$2,151$1,772
16 years$3,797$3,214$2,708$2,273$1,901$1,542
17 years$3,536$2,960$2,464$2,042$1,686$1,346
18 years$3,305$2,735$2,250$1,840$1,499$1,178
19 years$3,098$2,535$2,059$1,663$1,336$1,033
20 years$2,913$2,355$1,890$1,506$1,193$907
21 years$2,745$2,194$1,738$1,367$1,068$798
22 years$2,592$2,048$1,602$1,243$957$703
23 years$2,453$1,915$1,479$1,132$859$621
24 years$2,326$1,795$1,368$1,032$772$548
25 years$2,209$1,684$1,267$943$695$485
26 years$2,102$1,583$1,175$862$626$429
27 years$2,002$1,490$1,091$789$564$380
28 years$1,910$1,404$1,015$723$509$336
29 years$1,824$1,324$944$663$460$298
30 years$1,744$1,251$879$608$415$265
31 years$1,670$1,182$820$559$376$235
32 years$1,600$1,119$765$514$340$208
33 years$1,535$1,059$714$472$307$185
34 years$1,473$1,004$667$435$278$164
35 years$1,416$952$624$400$252$146
36 years$1,361$904$584$368$228$130
37 years$1,310$858$546$339$207$115
38 years$1,261$816$512$313$188$103
39 years$1,215$776$479$288$170$91
40 years$1,172$738$449$266$154$81
41 years$1,130$703$421$245$140$72
42 years$1,091$669$395$227$127$64
43 years$1,054$638$371$209$115$57
44 years$1,018$608$348$193$105$51
45 years$984$580$327$178$95$45
46 years$952$553$307$165$86$40
47 years$921$528$288$152$78$36
48 years$892$504$271$141$71$32
49 years$864$481$255$130$65$28
50 years$837$459$239$120$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $857,000, adding $4,215 every year, while hoping to spend $22,017 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: 68/21/11 Blend
64$857,000$857,000$857,000$857,000
65$948,762$903,341$890,057$1,010,785
66$1,022,110$924,179$896,448$1,073,380
67$1,102,201$945,299$902,315$1,138,779
68$1,189,700$966,694$907,618$1,209,727
69$1,285,340$988,352$912,313$1,286,765
70$1,389,924$1,010,261$916,356$1,370,490
71$1,504,341$1,032,409$919,698$1,461,558
72$1,629,567$1,054,780$922,291$1,560,692
73$1,766,677$1,077,358$924,082$1,668,688
74$1,916,855$1,100,126$925,016$1,786,424
75$2,081,406$1,123,063$925,035$1,914,865
76$2,261,765$1,146,150$924,080$2,055,078
77$2,459,515$1,169,361$922,087$2,208,234
78$2,676,398$1,192,671$918,988$2,375,626
79$2,914,331$1,216,053$914,716$2,558,679
80$3,175,430$1,239,477$909,195$2,758,960
81$3,462,022$1,262,909$902,351$2,978,199
82$3,776,671$1,286,314$894,103$3,218,301
83$4,122,202$1,309,654$884,366$3,481,364
84$4,501,727$1,332,888$873,053$3,769,701
85$4,918,674$1,355,970$860,071$4,085,860
86$5,376,819$1,378,853$845,324$4,432,652
87$5,880,323$1,401,486$828,711$4,813,169
88$6,433,770$1,423,812$810,126$5,230,823
89$7,042,207$1,445,772$789,458$5,689,371
90$7,711,200$1,467,302$766,592$6,192,956
91$8,446,876$1,488,334$741,407$6,746,142
92$9,255,990$1,508,794$713,776$7,353,959
93$10,145,979$1,528,604$683,567$8,021,949
94$11,125,044$1,547,680$650,640$8,756,221
95$12,202,214$1,565,932$614,852$9,563,508
96$13,387,441$1,583,264$576,052$10,451,229
97$14,691,691$1,599,575$534,080$11,427,559
98$16,127,044$1,614,755$488,773$12,501,509
99$17,706,813$1,628,687$439,956$13,683,010
100$19,445,664$1,641,250$387,451$14,983,005