Can I retire at age 65 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$71,348$70,713$70,093$69,488$68,897$67,755
2 years$35,321$34,663$34,026$33,407$32,808$31,661
3 years$23,313$22,653$22,017$21,404$20,815$19,699
4 years$17,311$16,652$16,023$15,421$14,845$13,768
5 years$13,710$13,055$12,434$11,845$11,285$10,250
6 years$11,311$10,661$10,049$9,472$8,930$7,938
7 years$9,597$8,953$8,350$7,788$7,262$6,314
8 years$8,313$7,674$7,082$6,533$6,025$5,120
9 years$7,314$6,682$6,100$5,565$5,074$4,212
10 years$6,516$5,890$5,318$4,797$4,323$3,504
11 years$5,863$5,243$4,682$4,175$3,718$2,940
12 years$5,320$4,706$4,155$3,662$3,222$2,485
13 years$4,860$4,253$3,712$3,233$2,810$2,112
14 years$4,467$3,866$3,335$2,870$2,463$1,803
15 years$4,126$3,531$3,011$2,559$2,168$1,545
16 years$3,828$3,240$2,730$2,291$1,916$1,329
17 years$3,565$2,984$2,484$2,059$1,699$1,146
18 years$3,332$2,757$2,268$1,855$1,511$991
19 years$3,124$2,555$2,076$1,677$1,347$858
20 years$2,936$2,375$1,905$1,518$1,203$744
21 years$2,767$2,212$1,753$1,378$1,076$647
22 years$2,614$2,065$1,615$1,253$965$563
23 years$2,474$1,931$1,491$1,141$866$490
24 years$2,345$1,809$1,379$1,041$779$427
25 years$2,228$1,698$1,278$951$701$373
26 years$2,119$1,596$1,185$869$631$325
27 years$2,019$1,502$1,100$795$569$284
28 years$1,926$1,415$1,023$729$513$248
29 years$1,839$1,335$952$668$464$217
30 years$1,759$1,261$887$613$419$190
31 years$1,684$1,192$827$563$379$166
32 years$1,613$1,128$771$518$343$145
33 years$1,547$1,068$720$476$310$127
34 years$1,485$1,012$673$438$281$112
35 years$1,427$960$629$403$254$98
36 years$1,372$911$588$371$230$86
37 years$1,320$865$551$342$209$75
38 years$1,271$823$516$315$189$66
39 years$1,225$782$483$291$172$58
40 years$1,181$744$453$268$156$50
41 years$1,140$708$425$247$141$44
42 years$1,100$675$398$228$128$39
43 years$1,062$643$374$211$116$34
44 years$1,027$613$351$195$106$30
45 years$992$584$329$180$96$26
46 years$960$557$309$166$87$23
47 years$929$532$291$153$79$20
48 years$899$508$273$142$72$18
49 years$871$485$257$131$65$15
50 years$844$463$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $864,000, adding $4,798 every year, while hoping to spend $45,900 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: 69/10/21 Blend
64$864,000$864,000$864,000$864,000
65$957,077$911,285$897,893$1,017,803
66$1,005,862$907,101$879,135$1,054,815
67$1,058,084$901,173$858,211$1,089,487
68$1,114,046$893,368$834,998$1,126,314
69$1,174,080$883,544$809,372$1,165,504
70$1,238,548$871,550$781,198$1,207,291
71$1,307,851$857,227$750,339$1,251,931
72$1,382,426$840,405$716,649$1,299,708
73$1,462,755$820,906$679,979$1,350,936
74$1,549,366$798,541$640,168$1,405,965
75$1,642,839$773,108$597,052$1,465,177
76$1,743,814$744,395$550,458$1,528,999
77$1,852,990$712,177$500,205$1,597,900
78$1,971,138$676,217$446,105$1,672,402
79$2,099,105$636,263$387,961$1,753,079
80$2,237,823$592,048$325,566$1,840,567
81$2,388,315$543,293$258,707$1,935,568
82$2,551,707$489,699$187,158$2,038,859
83$2,729,239$430,951$110,685$2,151,299
84$2,922,272$366,719$29,044$2,273,835
85$3,132,307$296,651$0$2,407,517
86$3,360,992$220,377$0$2,566,514
87$3,610,142$137,504$0$2,746,884
88$3,881,755$47,620$0$2,943,587
89$4,178,028$0$0$3,158,248
90$4,501,383$0$0$3,398,127
91$4,854,481$0$0$3,665,840
92$5,240,254$0$0$3,958,374
93$5,661,932$0$0$4,278,183
94$6,123,066$0$0$4,627,969
95$6,627,569$0$0$5,010,705
96$7,179,751$0$0$5,429,666
97$7,784,354$0$0$5,888,460
98$8,446,603$0$0$6,391,057
99$9,172,251$0$0$6,941,831
100$9,967,635$0$0$7,545,599