Can I retire at age 65 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$70,935$70,304$69,687$69,085$68,498$67,502
2 years$35,117$34,463$33,829$33,214$32,618$31,617
3 years$23,178$22,522$21,889$21,281$20,694$19,719
4 years$17,211$16,556$15,930$15,331$14,759$13,817
5 years$13,631$12,980$12,362$11,776$11,220$10,314
6 years$11,245$10,599$9,991$9,417$8,878$8,009
7 years$9,542$8,901$8,302$7,743$7,220$6,388
8 years$8,265$7,630$7,041$6,495$5,990$5,195
9 years$7,272$6,643$6,064$5,532$5,044$4,287
10 years$6,478$5,856$5,287$4,769$4,298$3,577
11 years$5,829$5,213$4,655$4,150$3,696$3,011
12 years$5,289$4,679$4,131$3,640$3,203$2,552
13 years$4,832$4,228$3,691$3,214$2,793$2,176
14 years$4,441$3,843$3,316$2,853$2,449$1,864
15 years$4,102$3,511$2,994$2,544$2,156$1,604
16 years$3,806$3,221$2,714$2,278$1,905$1,384
17 years$3,545$2,967$2,470$2,047$1,689$1,198
18 years$3,313$2,741$2,255$1,845$1,502$1,039
19 years$3,106$2,541$2,064$1,667$1,339$903
20 years$2,919$2,361$1,894$1,510$1,196$786
21 years$2,751$2,199$1,742$1,370$1,070$686
22 years$2,598$2,053$1,606$1,246$959$599
23 years$2,459$1,920$1,483$1,135$861$524
24 years$2,332$1,799$1,371$1,035$774$458
25 years$2,215$1,688$1,270$945$696$401
26 years$2,107$1,587$1,178$864$627$352
27 years$2,007$1,493$1,094$791$566$308
28 years$1,915$1,407$1,017$725$510$271
29 years$1,829$1,327$946$665$461$238
30 years$1,749$1,254$881$610$416$209
31 years$1,674$1,185$822$560$376$183
32 years$1,604$1,121$767$515$341$161
33 years$1,538$1,062$716$473$308$142
34 years$1,477$1,006$669$436$279$125
35 years$1,419$955$625$401$253$110
36 years$1,364$906$585$369$229$96
37 years$1,313$860$548$340$208$85
38 years$1,264$818$513$314$188$75
39 years$1,218$778$480$289$171$66
40 years$1,174$740$450$267$155$58
41 years$1,133$704$422$246$140$51
42 years$1,094$671$396$227$127$45
43 years$1,056$639$372$210$116$40
44 years$1,021$609$349$194$105$35
45 years$987$581$328$179$95$31
46 years$954$554$308$165$87$27
47 years$923$529$289$153$79$24
48 years$894$505$272$141$71$21
49 years$866$482$255$130$65$18
50 years$839$461$240$120$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $859,000, adding $6,543 every year, while hoping to spend $36,038 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: 65/29/6 Blend
64$859,000$859,000$859,000$859,000
65$953,367$907,840$894,526$1,013,983
66$1,012,266$913,980$886,148$1,061,243
67$1,075,966$919,213$876,282$1,107,950
68$1,144,916$923,457$864,840$1,158,024
69$1,219,615$926,623$851,729$1,211,786
70$1,300,607$928,619$836,853$1,269,595
71$1,388,493$929,345$820,112$1,331,843
72$1,483,932$928,697$801,399$1,398,966
73$1,587,652$926,562$780,604$1,471,441
74$1,700,451$922,821$757,613$1,549,799
75$1,823,207$917,349$732,303$1,634,623
76$1,956,887$910,013$704,548$1,726,557
77$2,102,556$900,670$674,217$1,826,312
78$2,261,384$889,170$641,170$1,934,673
79$2,434,660$875,354$605,264$2,052,506
80$2,623,802$859,054$566,348$2,180,766
81$2,830,373$840,090$524,263$2,320,508
82$3,056,090$818,274$478,846$2,472,895
83$3,302,847$793,405$429,922$2,639,211
84$3,572,726$765,271$377,314$2,820,874
85$3,868,023$733,647$320,832$3,019,446
86$4,191,262$698,297$260,281$3,236,653
87$4,545,226$658,968$195,455$3,474,399
88$4,932,977$615,396$126,142$3,734,783
89$5,357,890$567,299$52,116$4,020,123
90$5,823,678$514,381$0$4,332,976
91$6,334,434$456,327$0$4,677,882
92$6,894,665$392,805$0$5,059,905
93$7,509,335$323,466$0$5,479,155
94$8,183,910$247,939$0$5,939,434
95$8,924,413$165,832$0$6,444,938
96$9,737,478$76,733$0$7,000,293
97$10,630,414$0$0$7,610,601
98$11,611,270$0$0$8,287,805
99$12,688,915$0$0$9,058,797
100$13,873,118$0$0$9,906,089