Can I retire at age 65 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,650$65,066$64,495$63,938$63,394$61,243
2 years$32,500$31,895$31,308$30,740$30,188$28,041
3 years$21,452$20,844$20,259$19,695$19,152$17,079
4 years$15,928$15,322$14,743$14,189$13,660$11,675
5 years$12,615$12,013$11,441$10,899$10,384$8,493
6 years$10,407$9,809$9,246$8,716$8,216$6,421
7 years$8,831$8,238$7,684$7,166$6,682$4,982
8 years$7,649$7,061$6,516$6,011$5,543$3,937
9 years$6,730$6,148$5,613$5,120$4,668$3,154
10 years$5,996$5,419$4,893$4,414$3,978$2,553
11 years$5,395$4,825$4,308$3,841$3,421$2,083
12 years$4,895$4,330$3,823$3,369$2,965$1,710
13 years$4,472$3,913$3,416$2,975$2,585$1,411
14 years$4,110$3,557$3,069$2,640$2,266$1,169
15 years$3,796$3,249$2,771$2,355$1,995$972
16 years$3,522$2,981$2,512$2,108$1,763$810
17 years$3,281$2,746$2,286$1,894$1,564$676
18 years$3,066$2,537$2,087$1,707$1,390$566
19 years$2,874$2,351$1,910$1,543$1,239$474
20 years$2,702$2,185$1,753$1,397$1,107$398
21 years$2,546$2,035$1,613$1,268$990$334
22 years$2,405$1,900$1,486$1,153$888$281
23 years$2,276$1,777$1,372$1,050$797$236
24 years$2,158$1,665$1,269$958$716$199
25 years$2,050$1,562$1,176$875$645$168
26 years$1,950$1,468$1,090$800$581$141
27 years$1,857$1,382$1,012$732$523$119
28 years$1,772$1,302$941$671$472$100
29 years$1,692$1,228$876$615$427$85
30 years$1,618$1,160$816$564$385$71
31 years$1,549$1,097$761$518$348$60
32 years$1,484$1,038$710$476$315$51
33 years$1,424$983$663$438$285$43
34 years$1,367$931$619$403$258$36
35 years$1,313$883$579$371$234$31
36 years$1,263$838$541$342$212$26
37 years$1,215$796$507$315$192$22
38 years$1,170$757$475$290$174$18
39 years$1,127$720$445$268$158$16
40 years$1,087$685$417$247$143$13
41 years$1,049$652$391$228$130$11
42 years$1,012$621$367$210$118$9
43 years$978$591$344$194$107$8
44 years$945$564$323$179$97$7
45 years$913$538$303$165$88$6
46 years$883$513$285$153$80$5
47 years$855$489$268$141$73$4
48 years$827$467$251$130$66$3
49 years$801$446$236$121$60$3
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $795,000, adding $4,912 every year, while hoping to spend $46,300 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: 28/49/23 Blend
64$795,000$795,000$795,000$795,000
65$881,157$839,022$826,699$899,360
66$921,772$830,871$805,131$905,851
67$964,978$820,769$781,288$908,416
68$1,010,990$808,571$755,046$910,203
69$1,060,045$794,125$726,274$911,173
70$1,112,400$777,268$694,834$911,293
71$1,168,339$757,828$660,585$910,525
72$1,228,171$735,623$623,376$908,838
73$1,292,237$710,461$583,052$906,200
74$1,360,910$682,138$539,449$902,583
75$1,434,599$650,439$492,396$897,962
76$1,513,752$615,135$441,716$892,316
77$1,598,863$575,985$387,222$885,628
78$1,690,473$532,733$328,719$877,889
79$1,789,175$485,112$266,006$869,095
80$1,895,623$432,834$198,869$859,250
81$2,010,533$375,599$127,087$848,369
82$2,134,692$313,089$50,430$836,476
83$2,268,968$244,967$0$823,608
84$2,414,310$170,877$0$817,517
85$2,571,765$90,446$0$824,277
86$2,742,483$3,276$0$831,652
87$2,927,729$0$0$839,814
88$3,128,894$0$0$898,061
89$3,347,507$0$0$963,394
90$3,585,252$0$0$1,034,563
91$3,843,981$0$0$1,112,137
92$4,125,730$0$0$1,196,744
93$4,432,743$0$0$1,289,073
94$4,767,485$0$0$1,389,882
95$5,132,673$0$0$1,500,008
96$5,531,296$0$0$1,620,369
97$5,966,644$0$0$1,751,980
98$6,442,339$0$0$1,895,954
99$6,962,368$0$0$2,053,519
100$7,531,122$0$0$2,226,028