Can I retire at age 65 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$70,853$70,222$69,606$69,005$68,418$66,791
2 years$35,076$34,422$33,789$33,175$32,580$30,951
3 years$23,151$22,495$21,864$21,256$20,670$19,089
4 years$17,191$16,537$15,911$15,314$14,742$13,221
5 years$13,615$12,965$12,348$11,762$11,207$9,751
6 years$11,232$10,587$9,979$9,406$8,867$7,478
7 years$9,531$8,891$8,293$7,734$7,212$5,888
8 years$8,255$7,621$7,033$6,487$5,983$4,725
9 years$7,264$6,635$6,057$5,526$5,038$3,845
10 years$6,471$5,849$5,281$4,763$4,293$3,163
11 years$5,823$5,207$4,649$4,146$3,692$2,624
12 years$5,283$4,673$4,126$3,636$3,199$2,192
13 years$4,826$4,223$3,686$3,210$2,790$1,841
14 years$4,436$3,839$3,312$2,850$2,446$1,553
15 years$4,097$3,507$2,990$2,541$2,153$1,314
16 years$3,801$3,218$2,711$2,276$1,903$1,116
17 years$3,541$2,963$2,467$2,045$1,687$950
18 years$3,309$2,738$2,252$1,843$1,500$811
19 years$3,102$2,538$2,062$1,665$1,337$693
20 years$2,916$2,358$1,892$1,508$1,195$593
21 years$2,748$2,197$1,740$1,369$1,069$508
22 years$2,595$2,050$1,604$1,244$958$436
23 years$2,456$1,918$1,481$1,133$860$374
24 years$2,329$1,797$1,370$1,034$773$322
25 years$2,212$1,686$1,269$944$696$277
26 years$2,104$1,585$1,177$863$627$238
27 years$2,005$1,491$1,093$790$565$205
28 years$1,912$1,405$1,016$724$510$176
29 years$1,826$1,326$945$664$460$152
30 years$1,747$1,252$880$609$416$131
31 years$1,672$1,184$821$559$376$113
32 years$1,602$1,120$766$514$340$97
33 years$1,537$1,061$715$473$308$84
34 years$1,475$1,005$668$435$279$72
35 years$1,417$953$625$400$252$63
36 years$1,363$905$584$369$229$54
37 years$1,311$859$547$340$207$47
38 years$1,263$817$512$313$188$40
39 years$1,217$777$480$289$170$35
40 years$1,173$739$450$266$155$30
41 years$1,132$703$422$246$140$26
42 years$1,092$670$396$227$127$22
43 years$1,055$638$371$209$115$19
44 years$1,019$608$348$193$105$17
45 years$986$580$327$179$95$14
46 years$953$553$307$165$86$12
47 years$922$528$289$152$78$11
48 years$893$504$271$141$71$9
49 years$865$482$255$130$65$8
50 years$838$460$240$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $858,000, adding $5,090 every year, while hoping to spend $47,377 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: 34/36/30 Blend
64$858,000$858,000$858,000$858,000
65$950,766$905,292$891,993$974,343
66$997,336$899,243$871,466$986,614
67$1,047,067$891,309$848,664$995,280
68$1,100,234$881,349$823,460$1,003,727
69$1,157,134$869,211$795,721$1,011,968
70$1,218,094$854,735$765,311$1,020,022
71$1,283,476$837,753$732,085$1,027,916
72$1,353,672$818,085$695,891$1,035,683
73$1,429,115$795,539$656,572$1,043,365
74$1,510,281$769,917$613,964$1,051,012
75$1,597,690$741,004$567,892$1,058,686
76$1,691,916$708,575$518,178$1,066,462
77$1,793,588$672,391$464,634$1,074,426
78$1,903,397$632,202$407,062$1,082,681
79$2,022,103$587,739$345,258$1,091,348
80$2,150,541$538,721$279,007$1,100,567
81$2,289,627$484,850$208,085$1,110,499
82$2,440,372$425,810$132,259$1,121,333
83$2,603,886$361,270$51,285$1,133,282
84$2,781,387$290,877$0$1,146,591
85$2,974,218$214,260$0$1,172,786
86$3,183,856$131,026$0$1,219,192
87$3,411,924$40,761$0$1,269,826
88$3,660,209$0$0$1,325,191
89$3,930,678$0$0$1,408,418
90$4,225,494$0$0$1,516,854
91$4,547,040$0$0$1,635,240
92$4,897,935$0$0$1,764,558
93$5,281,064$0$0$1,905,885
94$5,699,605$0$0$2,060,409
95$6,157,052$0$0$2,229,440
96$6,657,256$0$0$2,414,415
97$7,204,455$0$0$2,616,922
98$7,803,315$0$0$2,838,706
99$8,458,974$0$0$3,081,690
100$9,177,093$0$0$3,347,991