Can I retire at age 65 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$65,155$64,575$64,008$63,456$62,916$62,572
2 years$32,255$31,654$31,072$30,508$29,960$29,613
3 years$21,290$20,686$20,106$19,546$19,008$18,668
4 years$15,808$15,207$14,632$14,082$13,557$13,227
5 years$12,520$11,922$11,355$10,816$10,305$9,987
6 years$10,329$9,735$9,176$8,650$8,154$7,848
7 years$8,764$8,176$7,626$7,112$6,632$6,337
8 years$7,591$7,008$6,467$5,966$5,502$5,219
9 years$6,679$6,102$5,570$5,082$4,633$4,362
10 years$5,950$5,378$4,856$4,380$3,948$3,688
11 years$5,354$4,788$4,275$3,812$3,395$3,147
12 years$4,858$4,298$3,794$3,344$2,942$2,705
13 years$4,438$3,884$3,390$2,952$2,566$2,340
14 years$4,079$3,530$3,046$2,621$2,249$2,034
15 years$3,768$3,225$2,750$2,337$1,980$1,776
16 years$3,496$2,959$2,493$2,093$1,750$1,556
17 years$3,256$2,725$2,269$1,880$1,552$1,367
18 years$3,043$2,518$2,071$1,694$1,380$1,205
19 years$2,853$2,334$1,896$1,531$1,230$1,064
20 years$2,682$2,169$1,740$1,387$1,098$942
21 years$2,527$2,020$1,600$1,258$983$835
22 years$2,387$1,885$1,475$1,144$881$741
23 years$2,259$1,763$1,362$1,042$791$659
24 years$2,142$1,652$1,260$950$711$586
25 years$2,034$1,551$1,167$868$640$522
26 years$1,935$1,457$1,082$794$576$466
27 years$1,843$1,371$1,005$726$520$416
28 years$1,759$1,292$934$666$469$371
29 years$1,680$1,219$869$610$423$332
30 years$1,606$1,151$810$560$382$297
31 years$1,537$1,088$755$514$346$266
32 years$1,473$1,030$704$473$313$238
33 years$1,413$975$658$435$283$213
34 years$1,356$924$614$400$256$191
35 years$1,303$877$574$368$232$171
36 years$1,253$832$537$339$210$153
37 years$1,206$790$503$312$191$137
38 years$1,161$751$471$288$173$123
39 years$1,119$714$441$266$157$110
40 years$1,079$680$414$245$142$99
41 years$1,041$647$388$226$129$89
42 years$1,005$616$364$209$117$80
43 years$970$587$341$193$106$72
44 years$937$560$320$178$96$64
45 years$906$534$301$164$88$58
46 years$877$509$283$152$79$52
47 years$848$486$265$140$72$46
48 years$821$464$249$129$66$42
49 years$795$443$234$120$60$37
50 years$770$423$220$111$54$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $789,000, adding $5,561 every year, while hoping to spend $34,744 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: 41/49/10 Blend
64$789,000$789,000$789,000$789,000
65$875,214$833,397$821,168$908,285
66$927,519$837,266$811,709$935,882
67$983,994$840,161$800,770$961,836
68$1,045,028$841,995$788,263$989,147
69$1,111,049$842,681$774,098$1,017,951
70$1,182,526$842,123$758,180$1,048,401
71$1,259,976$840,218$740,411$1,080,671
72$1,343,965$836,861$720,686$1,114,949
73$1,435,119$831,937$698,899$1,151,448
74$1,534,123$825,324$674,934$1,190,404
75$1,641,734$816,895$648,675$1,232,082
76$1,758,782$806,513$619,996$1,276,773
77$1,886,180$794,035$588,769$1,324,802
78$2,024,935$779,308$554,857$1,376,533
79$2,176,154$762,170$518,120$1,432,368
80$2,341,055$742,449$478,410$1,492,753
81$2,520,977$719,964$435,572$1,558,185
82$2,717,398$694,523$389,444$1,629,216
83$2,931,940$665,922$339,859$1,706,457
84$3,166,394$633,948$286,639$1,790,589
85$3,422,726$598,371$229,602$1,882,364
86$3,703,105$558,953$168,555$1,982,620
87$4,009,917$515,437$103,297$2,092,282
88$4,345,791$467,556$33,620$2,212,378
89$4,713,620$415,025$0$2,344,048
90$5,116,592$357,543$0$2,492,900
91$5,558,215$294,793$0$2,660,097
92$6,042,355$226,440$0$2,843,620
93$6,573,270$152,130$0$3,045,213
94$7,155,647$71,488$0$3,266,800
95$7,794,652$0$0$3,510,512
96$8,495,973$0$0$3,787,267
97$9,265,876$0$0$4,133,506
98$10,111,263$0$0$4,513,800
99$11,039,739$0$0$4,931,582
100$12,059,678$0$0$5,390,634