Can I retire at age 65 with 862,000?

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 $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%14.2%
1 years$71,183$70,549$69,930$69,327$68,737$67,543
2 years$35,239$34,583$33,947$33,330$32,732$31,533
3 years$23,259$22,600$21,966$21,355$20,766$19,599
4 years$17,271$16,614$15,986$15,385$14,811$13,685
5 years$13,678$13,025$12,405$11,817$11,259$10,178
6 years$11,284$10,636$10,025$9,450$8,909$7,873
7 years$9,575$8,932$8,331$7,770$7,245$6,256
8 years$8,294$7,657$7,065$6,518$6,011$5,067
9 years$7,297$6,666$6,086$5,552$5,062$4,163
10 years$6,501$5,876$5,305$4,786$4,313$3,459
11 years$5,850$5,231$4,671$4,165$3,709$2,899
12 years$5,307$4,695$4,145$3,653$3,214$2,447
13 years$4,849$4,243$3,704$3,225$2,803$2,076
14 years$4,456$3,857$3,328$2,863$2,457$1,771
15 years$4,116$3,523$3,004$2,553$2,163$1,516
16 years$3,819$3,233$2,724$2,286$1,912$1,302
17 years$3,557$2,977$2,479$2,054$1,695$1,121
18 years$3,324$2,751$2,263$1,851$1,507$967
19 years$3,117$2,550$2,071$1,673$1,344$837
20 years$2,930$2,369$1,901$1,515$1,200$725
21 years$2,761$2,207$1,749$1,375$1,074$629
22 years$2,608$2,060$1,612$1,250$963$546
23 years$2,468$1,927$1,488$1,138$864$475
24 years$2,340$1,805$1,376$1,038$777$413
25 years$2,222$1,694$1,275$948$699$360
26 years$2,114$1,592$1,182$867$630$314
27 years$2,014$1,498$1,098$794$568$274
28 years$1,921$1,412$1,020$727$512$239
29 years$1,835$1,332$950$667$462$208
30 years$1,755$1,258$885$612$418$182
31 years$1,680$1,189$825$562$378$159
32 years$1,609$1,125$769$517$342$139
33 years$1,544$1,066$718$475$309$121
34 years$1,482$1,010$671$437$280$106
35 years$1,424$958$628$402$254$93
36 years$1,369$909$587$371$230$81
37 years$1,317$863$549$341$208$71
38 years$1,269$821$515$315$189$62
39 years$1,222$780$482$290$171$54
40 years$1,178$742$452$268$155$48
41 years$1,137$707$424$247$141$42
42 years$1,097$673$397$228$128$36
43 years$1,060$641$373$210$116$32
44 years$1,024$611$350$194$105$28
45 years$990$583$329$179$96$24
46 years$958$556$309$166$87$21
47 years$927$531$290$153$79$19
48 years$897$507$273$141$72$16
49 years$869$484$256$131$65$14
50 years$842$462$241$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $862,000, adding $4,602 every year, while hoping to spend $44,704 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: 51/28/21 Blend
64$862,000$862,000$862,000$862,000
65$954,671$908,985$895,624$997,568
66$1,004,483$905,961$878,063$1,024,670
67$1,057,877$901,290$858,415$1,049,151
68$1,115,172$894,844$836,563$1,074,829
69$1,176,717$886,489$812,385$1,101,833
70$1,242,895$876,080$785,753$1,130,309
71$1,314,127$863,465$756,533$1,160,419
72$1,390,875$848,482$724,584$1,192,345
73$1,473,647$830,960$689,760$1,226,291
74$1,563,000$810,718$651,908$1,262,484
75$1,659,546$787,563$610,867$1,301,177
76$1,763,960$761,294$566,471$1,342,652
77$1,876,981$731,694$518,545$1,387,225
78$1,999,422$698,537$466,906$1,435,247
79$2,132,179$661,581$411,363$1,487,107
80$2,276,234$620,571$351,716$1,543,242
81$2,432,671$575,240$287,759$1,604,135
82$2,602,677$525,301$219,274$1,670,324
83$2,787,564$470,454$146,033$1,742,408
84$2,988,771$410,382$67,800$1,821,051
85$3,207,882$344,747$0$1,906,992
86$3,446,642$273,195$0$2,004,566
87$3,706,969$195,352$0$2,127,609
88$3,990,976$110,820$0$2,261,983
89$4,300,987$19,182$0$2,408,872
90$4,639,562$0$0$2,569,584
91$5,009,518$0$0$2,770,215
92$5,413,955$0$0$2,996,092
93$5,856,290$0$0$3,243,223
94$6,340,281$0$0$3,513,719
95$6,870,068$0$0$3,809,907
96$7,450,211$0$0$4,134,346
97$8,085,730$0$0$4,489,856
98$8,782,153$0$0$4,879,543
99$9,545,568$0$0$5,306,827
100$10,382,683$0$0$5,775,476