Can I retire at age 65 with 865,000?

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 $865,000?

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$71,431$70,795$70,174$69,568$68,976$67,418
2 years$35,362$34,703$34,065$33,446$32,846$31,285
3 years$23,340$22,679$22,042$21,429$20,839$19,323
4 years$17,331$16,671$16,041$15,439$14,862$13,404
5 years$13,726$13,071$12,449$11,858$11,298$9,901
6 years$11,324$10,673$10,060$9,483$8,940$7,605
7 years$9,608$8,963$8,360$7,797$7,270$5,999
8 years$8,322$7,683$7,090$6,540$6,032$4,822
9 years$7,323$6,690$6,107$5,571$5,079$3,932
10 years$6,524$5,897$5,324$4,802$4,328$3,240
11 years$5,870$5,249$4,687$4,179$3,722$2,693
12 years$5,326$4,712$4,160$3,666$3,226$2,254
13 years$4,866$4,258$3,716$3,236$2,813$1,897
14 years$4,472$3,870$3,339$2,873$2,466$1,603
15 years$4,131$3,536$3,015$2,562$2,171$1,360
16 years$3,832$3,244$2,733$2,294$1,919$1,157
17 years$3,569$2,987$2,487$2,061$1,701$987
18 years$3,336$2,761$2,271$1,858$1,513$844
19 years$3,127$2,558$2,079$1,679$1,348$723
20 years$2,940$2,377$1,908$1,520$1,204$620
21 years$2,770$2,214$1,755$1,380$1,078$533
22 years$2,617$2,067$1,617$1,254$966$458
23 years$2,476$1,933$1,493$1,142$867$394
24 years$2,348$1,811$1,381$1,042$779$340
25 years$2,230$1,700$1,279$952$701$293
26 years$2,121$1,598$1,186$870$632$253
27 years$2,021$1,504$1,102$796$570$218
28 years$1,928$1,417$1,024$730$514$188
29 years$1,841$1,337$953$669$464$163
30 years$1,761$1,262$888$614$419$140
31 years$1,686$1,193$828$564$379$121
32 years$1,615$1,129$772$518$343$105
33 years$1,549$1,069$721$477$310$91
34 years$1,487$1,013$674$439$281$78
35 years$1,429$961$630$404$255$68
36 years$1,374$912$589$372$231$59
37 years$1,322$866$551$343$209$51
38 years$1,273$823$516$316$189$44
39 years$1,227$783$484$291$172$38
40 years$1,183$745$453$269$156$33
41 years$1,141$709$425$248$141$28
42 years$1,101$675$399$229$128$25
43 years$1,064$644$374$211$116$21
44 years$1,028$613$351$195$106$18
45 years$994$585$330$180$96$16
46 years$961$558$310$166$87$14
47 years$930$533$291$154$79$12
48 years$900$508$274$142$72$10
49 years$872$485$257$131$65$9
50 years$845$464$242$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $865,000, adding $3,215 every year, while hoping to spend $53,456 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: 44/29/27 Blend
64$865,000$865,000$865,000$865,000
65$956,546$910,701$897,294$991,014
66$997,237$898,449$870,476$1,003,635
67$1,040,287$883,804$840,969$1,011,942
68$1,085,880$866,594$808,625$1,019,914
69$1,134,217$846,635$773,291$1,027,550
70$1,185,518$823,731$734,807$1,034,853
71$1,240,024$797,676$693,006$1,041,829
72$1,297,997$768,253$647,712$1,048,492
73$1,359,725$735,230$598,743$1,054,859
74$1,425,523$698,363$545,908$1,060,956
75$1,495,737$657,393$489,006$1,066,816
76$1,570,744$612,047$427,830$1,072,481
77$1,650,959$562,036$362,161$1,078,004
78$1,736,835$507,055$291,772$1,083,448
79$1,828,872$446,780$216,426$1,088,890
80$1,927,615$380,870$135,874$1,094,424
81$2,033,664$308,965$49,858$1,100,157
82$2,147,677$230,684$0$1,106,217
83$2,270,376$145,624$0$1,124,836
84$2,402,556$53,361$0$1,160,220
85$2,545,087$0$0$1,198,275
86$2,698,926$0$0$1,254,176
87$2,865,126$0$0$1,333,047
88$3,044,841$0$0$1,418,417
89$3,239,343$0$0$1,510,902
90$3,450,028$0$0$1,611,175
91$3,678,431$0$0$1,719,980
92$3,926,241$0$0$1,838,135
93$4,195,315$0$0$1,966,536
94$4,487,695$0$0$2,106,173
95$4,805,629$0$0$2,258,134
96$5,151,587$0$0$2,423,613
97$5,528,291$0$0$2,603,929
98$5,938,732$0$0$2,800,530
99$6,386,205$0$0$3,015,011
100$6,874,335$0$0$3,249,127