Can I retire at age 65 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$71,183$70,549$69,930$69,327$68,737$67,185
2 years$35,239$34,583$33,947$33,330$32,732$31,176
3 years$23,259$22,600$21,966$21,355$20,766$19,256
4 years$17,271$16,614$15,986$15,385$14,811$13,357
5 years$13,678$13,025$12,405$11,817$11,259$9,866
6 years$11,284$10,636$10,025$9,450$8,909$7,579
7 years$9,575$8,932$8,331$7,770$7,245$5,978
8 years$8,294$7,657$7,065$6,518$6,011$4,805
9 years$7,297$6,666$6,086$5,552$5,062$3,918
10 years$6,501$5,876$5,305$4,786$4,313$3,229
11 years$5,850$5,231$4,671$4,165$3,709$2,684
12 years$5,307$4,695$4,145$3,653$3,214$2,246
13 years$4,849$4,243$3,704$3,225$2,803$1,890
14 years$4,456$3,857$3,328$2,863$2,457$1,597
15 years$4,116$3,523$3,004$2,553$2,163$1,355
16 years$3,819$3,233$2,724$2,286$1,912$1,153
17 years$3,557$2,977$2,479$2,054$1,695$984
18 years$3,324$2,751$2,263$1,851$1,507$841
19 years$3,117$2,550$2,071$1,673$1,344$720
20 years$2,930$2,369$1,901$1,515$1,200$618
21 years$2,761$2,207$1,749$1,375$1,074$531
22 years$2,608$2,060$1,612$1,250$963$456
23 years$2,468$1,927$1,488$1,138$864$393
24 years$2,340$1,805$1,376$1,038$777$338
25 years$2,222$1,694$1,275$948$699$292
26 years$2,114$1,592$1,182$867$630$252
27 years$2,014$1,498$1,098$794$568$217
28 years$1,921$1,412$1,020$727$512$188
29 years$1,835$1,332$950$667$462$162
30 years$1,755$1,258$885$612$418$140
31 years$1,680$1,189$825$562$378$121
32 years$1,609$1,125$769$517$342$105
33 years$1,544$1,066$718$475$309$90
34 years$1,482$1,010$671$437$280$78
35 years$1,424$958$628$402$254$68
36 years$1,369$909$587$371$230$58
37 years$1,317$863$549$341$208$51
38 years$1,269$821$515$315$189$44
39 years$1,222$780$482$290$171$38
40 years$1,178$742$452$268$155$33
41 years$1,137$707$424$247$141$28
42 years$1,097$673$397$228$128$25
43 years$1,060$641$373$210$116$21
44 years$1,024$611$350$194$105$18
45 years$990$583$329$179$96$16
46 years$958$556$309$166$87$14
47 years$927$531$290$153$79$12
48 years$897$507$273$141$72$10
49 years$869$484$256$131$65$9
50 years$842$462$241$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $862,000, adding $3,097 every year, while hoping to spend $58,202 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: 79/8/13 Blend
64$862,000$862,000$862,000$862,000
65$953,119$907,433$894,072$1,025,757
66$988,410$889,970$862,096$1,056,506
67$1,025,351$869,702$827,100$1,082,436
68$1,064,047$846,428$788,918$1,109,220
69$1,104,615$819,938$747,382$1,136,919
70$1,147,180$790,009$702,314$1,165,599
71$1,191,879$756,406$653,527$1,195,334
72$1,238,859$718,878$600,828$1,226,206
73$1,288,281$677,161$544,015$1,258,306
74$1,340,320$630,977$482,874$1,291,736
75$1,395,167$580,029$417,185$1,326,606
76$1,453,030$524,007$346,717$1,363,040
77$1,514,136$462,579$271,228$1,401,176
78$1,578,730$395,398$190,466$1,441,166
79$1,647,082$322,094$104,169$1,483,177
80$1,719,487$242,280$12,061$1,527,398
81$1,796,266$155,543$0$1,574,035
82$1,877,771$61,449$0$1,635,278
83$1,964,385$0$0$1,701,985
84$2,056,528$0$0$1,776,366
85$2,154,661$0$0$1,861,357
86$2,259,287$0$0$1,951,988
87$2,370,958$0$0$2,048,737
88$2,490,278$0$0$2,152,130
89$2,617,909$0$0$2,262,744
90$2,754,578$0$0$2,381,209
91$2,901,080$0$0$2,508,220
92$3,058,291$0$0$2,644,536
93$3,227,167$0$0$2,790,991
94$3,408,763$0$0$2,948,501
95$3,604,232$0$0$3,118,071
96$3,814,844$0$0$3,300,806
97$4,041,993$0$0$3,497,916
98$4,287,209$0$0$3,710,736
99$4,552,174$0$0$3,940,729
100$4,838,737$0$0$4,189,502