Can I retire at age 65 with 784,000?

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 $784,000?

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$64,742$64,165$63,603$63,053$62,517$61,431
2 years$32,050$31,454$30,875$30,314$29,770$28,679
3 years$21,155$20,555$19,978$19,423$18,887$17,826
4 years$15,708$15,110$14,539$13,993$13,471$12,447
5 years$12,441$11,847$11,283$10,748$10,240$9,257
6 years$10,263$9,674$9,118$8,595$8,103$7,161
7 years$8,709$8,124$7,577$7,067$6,590$5,690
8 years$7,543$6,964$6,426$5,928$5,467$4,608
9 years$6,637$6,063$5,535$5,049$4,604$3,787
10 years$5,913$5,344$4,825$4,353$3,923$3,146
11 years$5,320$4,758$4,248$3,788$3,374$2,637
12 years$4,827$4,270$3,770$3,323$2,924$2,225
13 years$4,410$3,859$3,368$2,933$2,549$1,889
14 years$4,053$3,508$3,027$2,604$2,235$1,610
15 years$3,744$3,204$2,733$2,322$1,968$1,378
16 years$3,473$2,940$2,477$2,079$1,739$1,184
17 years$3,235$2,708$2,254$1,868$1,542$1,019
18 years$3,024$2,502$2,058$1,684$1,371$880
19 years$2,835$2,319$1,884$1,521$1,222$761
20 years$2,665$2,155$1,729$1,378$1,092$659
21 years$2,511$2,007$1,590$1,250$977$572
22 years$2,372$1,874$1,466$1,137$876$497
23 years$2,244$1,752$1,353$1,035$786$432
24 years$2,128$1,642$1,252$944$706$376
25 years$2,021$1,541$1,159$862$636$327
26 years$1,923$1,448$1,075$789$573$285
27 years$1,832$1,363$998$722$516$249
28 years$1,747$1,284$928$661$466$217
29 years$1,669$1,211$864$606$421$190
30 years$1,596$1,144$805$557$380$166
31 years$1,528$1,082$750$511$344$145
32 years$1,464$1,023$700$470$311$126
33 years$1,404$969$653$432$281$110
34 years$1,348$919$610$397$255$97
35 years$1,295$871$571$366$231$84
36 years$1,245$827$534$337$209$74
37 years$1,198$785$500$311$189$65
38 years$1,154$746$468$286$172$57
39 years$1,112$710$438$264$156$49
40 years$1,072$675$411$243$141$43
41 years$1,034$643$385$225$128$38
42 years$998$612$361$207$116$33
43 years$964$583$339$191$106$29
44 years$932$556$318$177$96$25
45 years$901$530$299$163$87$22
46 years$871$506$281$151$79$19
47 years$843$483$264$139$72$17
48 years$816$461$248$129$65$15
49 years$790$440$233$119$59$13
50 years$765$420$219$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $784,000, adding $4,512 every year, while hoping to spend $23,000 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: 46/45/9 Blend
64$784,000$784,000$784,000$784,000
65$868,622$827,070$814,918$906,205
66$932,750$843,125$817,746$948,651
67$1,002,648$859,195$819,898$991,925
68$1,078,880$875,258$821,327$1,038,341
69$1,162,067$891,288$821,983$1,088,198
70$1,252,894$907,257$821,815$1,141,823
71$1,352,113$923,135$820,770$1,199,580
72$1,460,551$938,892$818,788$1,261,868
73$1,579,122$954,492$815,812$1,329,128
74$1,708,830$969,899$811,779$1,401,846
75$1,850,779$985,073$806,622$1,480,558
76$2,006,188$999,972$800,274$1,565,853
77$2,176,398$1,014,549$792,662$1,658,385
78$2,362,885$1,028,756$783,710$1,758,871
79$2,567,275$1,042,541$773,341$1,868,104
80$2,791,360$1,055,848$761,470$1,986,957
81$3,037,111$1,068,617$748,011$2,116,394
82$3,306,701$1,080,784$732,875$2,257,479
83$3,602,523$1,092,281$715,965$2,411,382
84$3,927,213$1,103,036$697,182$2,579,398
85$4,283,674$1,112,970$676,423$2,762,951
86$4,675,105$1,122,001$653,579$2,963,613
87$5,105,028$1,130,042$628,537$3,183,119
88$5,577,325$1,136,998$601,176$3,423,381
89$6,096,271$1,142,769$571,375$3,686,507
90$6,666,576$1,147,251$539,001$3,974,824
91$7,293,430$1,150,329$503,921$4,290,896
92$7,982,549$1,151,884$465,992$4,637,551
93$8,740,232$1,151,789$425,065$5,017,908
94$9,573,417$1,149,909$380,986$5,435,406
95$10,489,750$1,146,099$333,594$5,893,840
96$11,497,655$1,140,208$282,719$6,397,390
97$12,606,411$1,132,073$228,185$6,950,669
98$13,826,243$1,121,524$169,809$7,558,762
99$15,168,420$1,108,378$107,397$8,227,277
100$16,645,353$1,092,442$40,749$8,962,396