Can I retire at age 65 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$66,311$65,720$65,144$64,582$64,032$62,459
2 years$32,827$32,216$31,623$31,049$30,492$28,916
3 years$21,667$21,053$20,462$19,893$19,345$17,817
4 years$16,089$15,476$14,891$14,332$13,797$12,328
5 years$12,742$12,134$11,556$11,008$10,488$9,082
6 years$10,512$9,908$9,339$8,803$8,299$6,957
7 years$8,920$8,321$7,761$7,238$6,749$5,472
8 years$7,726$7,132$6,582$6,072$5,599$4,386
9 years$6,798$6,210$5,669$5,172$4,715$3,565
10 years$6,056$5,474$4,942$4,458$4,018$2,929
11 years$5,449$4,873$4,351$3,880$3,455$2,427
12 years$4,944$4,374$3,862$3,403$2,994$2,025
13 years$4,517$3,953$3,450$3,004$2,611$1,698
14 years$4,151$3,593$3,100$2,667$2,289$1,430
15 years$3,834$3,282$2,799$2,379$2,015$1,209
16 years$3,558$3,011$2,538$2,130$1,781$1,025
17 years$3,314$2,773$2,309$1,914$1,579$871
18 years$3,097$2,563$2,108$1,724$1,404$742
19 years$2,903$2,375$1,930$1,558$1,252$633
20 years$2,729$2,207$1,771$1,411$1,118$541
21 years$2,572$2,056$1,629$1,281$1,000$463
22 years$2,429$1,919$1,501$1,165$897$397
23 years$2,299$1,795$1,386$1,061$805$340
24 years$2,180$1,682$1,282$967$724$292
25 years$2,070$1,578$1,187$883$651$251
26 years$1,969$1,483$1,101$808$586$215
27 years$1,876$1,396$1,023$739$529$185
28 years$1,790$1,315$951$677$477$159
29 years$1,709$1,241$885$621$431$137
30 years$1,635$1,172$824$570$389$118
31 years$1,565$1,108$768$524$352$101
32 years$1,499$1,048$717$481$318$87
33 years$1,438$993$669$442$288$75
34 years$1,381$941$625$407$261$65
35 years$1,326$892$585$375$236$56
36 years$1,275$847$547$345$214$48
37 years$1,227$804$512$318$194$41
38 years$1,182$764$479$293$176$36
39 years$1,139$727$449$270$160$31
40 years$1,098$692$421$249$145$26
41 years$1,059$658$395$230$131$23
42 years$1,022$627$370$212$119$20
43 years$987$597$347$196$108$17
44 years$954$569$326$181$98$15
45 years$922$543$306$167$89$13
46 years$892$518$288$154$81$11
47 years$863$494$270$143$73$9
48 years$836$472$254$132$67$8
49 years$809$451$239$122$61$7
50 years$784$430$224$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $803,000, adding $2,318 every year, while hoping to spend $52,394 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: 59/17/24 Blend
64$803,000$803,000$803,000$803,000
65$887,297$844,738$832,292$933,803
66$922,055$830,383$804,426$951,381
67$958,601$813,569$773,872$964,700
68$997,064$794,120$740,482$978,097
69$1,037,582$771,849$704,106$991,589
70$1,080,306$746,560$664,584$1,005,202
71$1,125,399$718,044$621,750$1,018,963
72$1,173,042$686,080$575,430$1,032,907
73$1,223,428$650,434$525,443$1,047,074
74$1,276,773$610,860$471,600$1,061,512
75$1,333,308$567,096$413,703$1,076,277
76$1,393,288$518,867$351,545$1,091,434
77$1,456,991$465,879$284,910$1,107,058
78$1,524,723$407,826$213,572$1,123,238
79$1,596,815$344,379$137,297$1,140,072
80$1,673,632$275,196$55,839$1,157,676
81$1,755,575$199,913$0$1,176,181
82$1,843,079$118,144$0$1,203,699
83$1,936,624$29,484$0$1,248,215
84$2,036,735$0$0$1,295,679
85$2,143,989$0$0$1,358,825
86$2,259,018$0$0$1,432,506
87$2,382,514$0$0$1,511,659
88$2,515,239$0$0$1,596,776
89$2,658,027$0$0$1,688,398
90$2,811,796$0$0$1,787,122
91$2,977,553$0$0$1,893,601
92$3,156,404$0$0$2,008,553
93$3,349,566$0$0$2,132,767
94$3,558,372$0$0$2,267,109
95$3,784,292$0$0$2,412,534
96$4,028,940$0$0$2,570,089
97$4,294,089$0$0$2,740,926
98$4,581,690$0$0$2,926,312
99$4,893,889$0$0$3,127,640
100$5,233,046$0$0$3,346,444