Can I retire at age 65 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,228$65,638$65,063$64,501$63,953$62,080
2 years$32,786$32,176$31,584$31,010$30,454$28,582
3 years$21,640$21,027$20,437$19,869$19,321$17,509
4 years$16,069$15,457$14,873$14,314$13,780$12,042
5 years$12,726$12,119$11,542$10,995$10,475$8,815
6 years$10,499$9,896$9,328$8,792$8,289$6,709
7 years$8,909$8,310$7,751$7,229$6,741$5,241
8 years$7,716$7,124$6,574$6,064$5,592$4,171
9 years$6,789$6,202$5,662$5,165$4,710$3,366
10 years$6,048$5,467$4,936$4,452$4,013$2,745
11 years$5,443$4,867$4,346$3,875$3,451$2,257
12 years$4,938$4,368$3,857$3,399$2,991$1,868
13 years$4,511$3,948$3,446$3,001$2,608$1,554
14 years$4,146$3,588$3,096$2,664$2,286$1,298
15 years$3,830$3,278$2,795$2,376$2,013$1,088
16 years$3,553$3,008$2,534$2,127$1,779$915
17 years$3,309$2,770$2,306$1,911$1,577$771
18 years$3,093$2,559$2,105$1,722$1,402$651
19 years$2,900$2,372$1,927$1,556$1,250$550
20 years$2,726$2,204$1,769$1,409$1,117$466
21 years$2,569$2,053$1,627$1,279$999$395
22 years$2,426$1,917$1,499$1,163$896$335
23 years$2,296$1,793$1,384$1,059$804$285
24 years$2,177$1,679$1,280$966$723$242
25 years$2,068$1,576$1,186$882$650$206
26 years$1,967$1,481$1,100$807$586$175
27 years$1,874$1,394$1,021$738$528$149
28 years$1,787$1,314$949$677$477$127
29 years$1,707$1,239$884$620$430$108
30 years$1,633$1,170$823$569$389$92
31 years$1,563$1,106$767$523$351$79
32 years$1,497$1,047$716$481$318$67
33 years$1,436$991$668$442$288$57
34 years$1,379$940$625$407$261$49
35 years$1,325$891$584$374$236$41
36 years$1,274$846$546$345$214$35
37 years$1,226$803$511$318$194$30
38 years$1,180$764$479$293$176$26
39 years$1,137$726$449$270$159$22
40 years$1,096$691$420$249$144$19
41 years$1,058$658$394$230$131$16
42 years$1,021$626$370$212$119$14
43 years$986$597$347$196$108$12
44 years$953$569$326$181$98$10
45 years$921$542$306$167$89$8
46 years$891$517$287$154$81$7
47 years$862$494$270$142$73$6
48 years$835$471$254$132$67$5
49 years$808$450$238$122$60$4
50 years$783$430$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $802,000, adding $6,060 every year, while hoping to spend $34,284 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: 46/29/25 Blend
64$802,000$802,000$802,000$802,000
65$890,055$847,549$835,118$924,359
66$944,363$852,601$826,616$954,198
67$1,003,061$856,751$816,681$982,729
68$1,066,561$859,920$805,228$1,013,005
69$1,135,315$862,021$792,168$1,045,208
70$1,209,821$862,964$777,410$1,079,538
71$1,290,626$862,653$760,856$1,116,219
72$1,378,332$860,984$742,406$1,155,497
73$1,473,599$857,850$721,955$1,197,648
74$1,577,156$853,134$699,390$1,242,978
75$1,689,803$846,715$674,596$1,291,825
76$1,812,421$838,462$647,454$1,344,564
77$1,945,979$828,238$617,834$1,401,613
78$2,091,544$815,897$585,607$1,463,434
79$2,250,289$801,284$550,633$1,530,539
80$2,423,507$784,235$512,767$1,603,496
81$2,612,619$764,577$471,859$1,682,934
82$2,819,191$742,126$427,751$1,769,551
83$3,044,945$716,687$380,278$1,864,117
84$3,291,780$688,056$329,268$1,967,488
85$3,561,785$656,013$274,541$2,080,611
86$3,857,258$620,329$215,909$2,204,531
87$4,180,733$580,759$153,177$2,340,410
88$4,534,998$537,047$86,139$2,489,528
89$4,923,125$488,920$14,582$2,653,306
90$5,348,496$436,089$0$2,833,313
91$5,814,836$378,251$0$3,047,765
92$6,326,248$315,084$0$3,287,322
93$6,887,250$246,248$0$3,550,279
94$7,502,820$171,384$0$3,839,048
95$8,178,439$90,114$0$4,156,292
96$8,920,148$2,037$0$4,504,952
97$9,734,597$0$0$4,888,269
98$10,629,114$0$0$5,339,586
99$11,611,772$0$0$5,836,186
100$12,691,464$0$0$6,381,927