Can I retire at age 65 with 859,000?

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 $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%12.5%
1 years$70,935$70,304$69,687$69,085$68,498$67,783
2 years$35,117$34,463$33,829$33,214$32,618$31,898
3 years$23,178$22,522$21,889$21,281$20,694$19,991
4 years$17,211$16,556$15,930$15,331$14,759$14,079
5 years$13,631$12,980$12,362$11,776$11,220$10,564
6 years$11,245$10,599$9,991$9,417$8,878$8,248
7 years$9,542$8,901$8,302$7,743$7,220$6,616
8 years$8,265$7,630$7,041$6,495$5,990$5,411
9 years$7,272$6,643$6,064$5,532$5,044$4,491
10 years$6,478$5,856$5,287$4,769$4,298$3,770
11 years$5,829$5,213$4,655$4,150$3,696$3,193
12 years$5,289$4,679$4,131$3,640$3,203$2,724
13 years$4,832$4,228$3,691$3,214$2,793$2,338
14 years$4,441$3,843$3,316$2,853$2,449$2,017
15 years$4,102$3,511$2,994$2,544$2,156$1,746
16 years$3,806$3,221$2,714$2,278$1,905$1,518
17 years$3,545$2,967$2,470$2,047$1,689$1,323
18 years$3,313$2,741$2,255$1,845$1,502$1,156
19 years$3,106$2,541$2,064$1,667$1,339$1,012
20 years$2,919$2,361$1,894$1,510$1,196$888
21 years$2,751$2,199$1,742$1,370$1,070$780
22 years$2,598$2,053$1,606$1,246$959$686
23 years$2,459$1,920$1,483$1,135$861$605
24 years$2,332$1,799$1,371$1,035$774$533
25 years$2,215$1,688$1,270$945$696$471
26 years$2,107$1,587$1,178$864$627$416
27 years$2,007$1,493$1,094$791$566$368
28 years$1,915$1,407$1,017$725$510$325
29 years$1,829$1,327$946$665$461$288
30 years$1,749$1,254$881$610$416$255
31 years$1,674$1,185$822$560$376$226
32 years$1,604$1,121$767$515$341$200
33 years$1,538$1,062$716$473$308$177
34 years$1,477$1,006$669$436$279$157
35 years$1,419$955$625$401$253$140
36 years$1,364$906$585$369$229$124
37 years$1,313$860$548$340$208$110
38 years$1,264$818$513$314$188$98
39 years$1,218$778$480$289$171$87
40 years$1,174$740$450$267$155$77
41 years$1,133$704$422$246$140$68
42 years$1,094$671$396$227$127$61
43 years$1,056$639$372$210$116$54
44 years$1,021$609$349$194$105$48
45 years$987$581$328$179$95$42
46 years$954$554$308$165$87$38
47 years$923$529$289$153$79$34
48 years$894$505$272$141$71$30
49 years$866$482$255$130$65$26
50 years$839$461$240$120$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $859,000, adding $4,123 every year, while hoping to spend $44,346 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: 54/16/30 Blend
64$859,000$859,000$859,000$859,000
65$950,871$905,344$892,029$994,061
66$1,000,676$902,522$874,729$1,021,614
67$1,054,075$898,075$855,362$1,046,748
68$1,111,387$891,878$833,813$1,073,244
69$1,172,964$883,795$809,961$1,101,251
70$1,239,191$873,685$783,679$1,130,934
71$1,310,490$861,398$754,834$1,162,480
72$1,387,326$846,772$723,287$1,196,094
73$1,470,208$829,640$688,893$1,232,007
74$1,559,699$809,821$651,500$1,270,476
75$1,656,412$787,127$610,949$1,311,786
76$1,761,026$761,355$567,076$1,356,254
77$1,874,283$732,294$519,705$1,404,234
78$1,997,002$699,719$468,657$1,456,119
79$2,130,082$663,391$413,743$1,512,346
80$2,274,511$623,058$354,765$1,573,400
81$2,431,379$578,455$291,516$1,639,820
82$2,601,879$529,299$223,782$1,712,203
83$2,787,330$475,294$151,338$1,791,213
84$2,989,178$416,124$73,949$1,877,587
85$3,209,018$351,457$0$1,972,142
86$3,448,602$280,943$0$2,078,547
87$3,709,860$204,209$0$2,220,482
88$3,994,915$120,865$0$2,375,448
89$4,306,105$30,497$0$2,544,767
90$4,646,004$0$0$2,729,895
91$5,017,444$0$0$2,944,295
92$5,423,543$0$0$3,184,650
93$5,867,735$0$0$3,447,632
94$6,353,801$0$0$3,735,490
95$6,885,905$0$0$4,050,700
96$7,468,629$0$0$4,395,988
97$8,107,022$0$0$4,774,357
98$8,806,644$0$0$5,189,114
99$9,573,618$0$0$5,643,901
100$10,414,687$0$0$6,142,730