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%14.4%
1 years$71,183$70,549$69,930$69,327$68,737$67,487
2 years$35,239$34,583$33,947$33,330$32,732$31,477
3 years$23,259$22,600$21,966$21,355$20,766$19,546
4 years$17,271$16,614$15,986$15,385$14,811$13,634
5 years$13,678$13,025$12,405$11,817$11,259$10,129
6 years$11,284$10,636$10,025$9,450$8,909$7,827
7 years$9,575$8,932$8,331$7,770$7,245$6,212
8 years$8,294$7,657$7,065$6,518$6,011$5,026
9 years$7,297$6,666$6,086$5,552$5,062$4,125
10 years$6,501$5,876$5,305$4,786$4,313$3,423
11 years$5,850$5,231$4,671$4,165$3,709$2,865
12 years$5,307$4,695$4,145$3,653$3,214$2,415
13 years$4,849$4,243$3,704$3,225$2,803$2,047
14 years$4,456$3,857$3,328$2,863$2,457$1,743
15 years$4,116$3,523$3,004$2,553$2,163$1,490
16 years$3,819$3,233$2,724$2,286$1,912$1,278
17 years$3,557$2,977$2,479$2,054$1,695$1,099
18 years$3,324$2,751$2,263$1,851$1,507$947
19 years$3,117$2,550$2,071$1,673$1,344$818
20 years$2,930$2,369$1,901$1,515$1,200$707
21 years$2,761$2,207$1,749$1,375$1,074$613
22 years$2,608$2,060$1,612$1,250$963$531
23 years$2,468$1,927$1,488$1,138$864$461
24 years$2,340$1,805$1,376$1,038$777$401
25 years$2,222$1,694$1,275$948$699$349
26 years$2,114$1,592$1,182$867$630$303
27 years$2,014$1,498$1,098$794$568$264
28 years$1,921$1,412$1,020$727$512$230
29 years$1,835$1,332$950$667$462$200
30 years$1,755$1,258$885$612$418$175
31 years$1,680$1,189$825$562$378$152
32 years$1,609$1,125$769$517$342$133
33 years$1,544$1,066$718$475$309$116
34 years$1,482$1,010$671$437$280$101
35 years$1,424$958$628$402$254$88
36 years$1,369$909$587$371$230$77
37 years$1,317$863$549$341$208$67
38 years$1,269$821$515$315$189$59
39 years$1,222$780$482$290$171$51
40 years$1,178$742$452$268$155$45
41 years$1,137$707$424$247$141$39
42 years$1,097$673$397$228$128$34
43 years$1,060$641$373$210$116$30
44 years$1,024$611$350$194$105$26
45 years$990$583$329$179$96$23
46 years$958$556$309$166$87$20
47 years$927$531$290$153$79$17
48 years$897$507$273$141$72$15
49 years$869$484$256$131$65$13
50 years$842$462$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $862,000, adding $4,596 every year, while hoping to spend $52,456 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: 56/24/20 Blend
64$862,000$862,000$862,000$862,000
65$954,665$908,979$895,618$1,002,753
66$996,228$897,706$869,808$1,024,806
67$1,040,272$884,123$841,376$1,042,823
68$1,086,996$868,060$810,178$1,061,302
69$1,136,614$849,340$776,064$1,080,299
70$1,189,364$827,773$738,877$1,099,882
71$1,245,505$803,160$698,455$1,120,126
72$1,305,318$775,287$654,625$1,141,116
73$1,369,115$743,930$607,210$1,162,952
74$1,437,235$708,853$556,021$1,185,743
75$1,510,050$669,804$500,865$1,209,617
76$1,587,968$626,517$441,537$1,234,716
77$1,671,436$578,711$377,824$1,261,202
78$1,760,945$526,091$309,503$1,289,258
79$1,857,033$468,341$236,343$1,319,087
80$1,960,291$405,130$158,101$1,350,922
81$2,071,367$336,108$74,524$1,385,022
82$2,190,974$260,904$0$1,421,679
83$2,319,892$179,128$0$1,464,350
84$2,458,982$90,366$0$1,527,448
85$2,609,186$0$0$1,595,524
86$2,771,542$0$0$1,670,638
87$2,947,189$0$0$1,777,782
88$3,137,380$0$0$1,893,862
89$3,343,492$0$0$2,019,726
90$3,567,040$0$0$2,156,308
91$3,809,689$0$0$2,304,634
92$4,073,270$0$0$2,465,834
93$4,359,800$0$0$2,641,149
94$4,671,493$0$0$2,831,946
95$5,010,789$0$0$3,039,729
96$5,380,372$0$0$3,266,151
97$5,783,194$0$0$3,513,034
98$6,222,507$0$0$3,782,382
99$6,701,886$0$0$4,076,400
100$7,225,269$0$0$4,397,517