Can I retire at age 65 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$66,724$66,130$65,550$64,984$64,431$63,918
2 years$33,032$32,416$31,820$31,242$30,681$30,164
3 years$21,802$21,185$20,590$20,017$19,466$18,960
4 years$16,189$15,573$14,984$14,421$13,883$13,393
5 years$12,822$12,209$11,628$11,077$10,554$10,081
6 years$10,577$9,970$9,397$8,858$8,351$7,896
7 years$8,975$8,373$7,809$7,283$6,791$6,355
8 years$7,774$7,177$6,623$6,109$5,634$5,216
9 years$6,840$6,249$5,704$5,204$4,745$4,344
10 years$6,094$5,508$4,973$4,486$4,043$3,660
11 years$5,483$4,903$4,378$3,904$3,477$3,112
12 years$4,975$4,401$3,886$3,424$3,013$2,665
13 years$4,545$3,977$3,472$3,023$2,627$2,296
14 years$4,177$3,615$3,119$2,684$2,303$1,988
15 years$3,858$3,303$2,816$2,393$2,028$1,728
16 years$3,580$3,030$2,553$2,143$1,792$1,508
17 years$3,334$2,791$2,323$1,925$1,589$1,320
18 years$3,116$2,579$2,121$1,735$1,413$1,158
19 years$2,921$2,390$1,942$1,568$1,259$1,019
20 years$2,746$2,221$1,782$1,420$1,125$897
21 years$2,588$2,069$1,639$1,289$1,007$792
22 years$2,444$1,931$1,511$1,172$902$700
23 years$2,313$1,806$1,395$1,067$810$620
24 years$2,193$1,692$1,290$973$728$549
25 years$2,083$1,588$1,195$889$655$487
26 years$1,982$1,492$1,108$813$590$432
27 years$1,888$1,404$1,029$744$532$384
28 years$1,801$1,323$957$682$480$341
29 years$1,720$1,249$890$625$433$303
30 years$1,645$1,179$829$574$392$270
31 years$1,574$1,115$773$527$354$240
32 years$1,509$1,055$721$484$320$214
33 years$1,447$999$673$445$290$191
34 years$1,389$947$629$410$262$170
35 years$1,335$898$588$377$238$152
36 years$1,283$852$550$347$215$135
37 years$1,235$809$515$320$195$121
38 years$1,189$769$482$295$177$108
39 years$1,146$731$452$272$160$96
40 years$1,105$696$424$251$146$86
41 years$1,066$662$397$231$132$76
42 years$1,029$631$373$214$120$68
43 years$994$601$350$197$109$61
44 years$960$573$328$182$99$54
45 years$928$546$308$168$90$49
46 years$898$521$289$155$81$43
47 years$869$497$272$143$74$39
48 years$841$475$255$133$67$35
49 years$814$453$240$123$61$31
50 years$789$433$226$113$55$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $808,000, adding $5,894 every year, while hoping to spend $35,129 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: 39/36/25 Blend
64$808,000$808,000$808,000$808,000
65$896,496$853,672$841,148$924,608
66$950,561$858,125$831,949$950,008
67$1,008,964$861,618$821,265$973,745
68$1,072,110$864,069$809,009$998,722
69$1,140,443$865,387$795,089$1,025,074
70$1,214,455$865,477$779,411$1,052,951
71$1,294,683$864,239$761,874$1,082,521
72$1,381,719$861,565$742,376$1,113,970
73$1,476,214$857,342$720,806$1,147,508
74$1,578,886$851,449$697,050$1,183,367
75$1,690,521$843,759$670,990$1,221,807
76$1,811,986$834,135$642,500$1,263,117
77$1,944,235$822,434$611,450$1,307,620
78$2,088,318$808,504$577,705$1,355,673
79$2,245,388$792,183$541,120$1,407,675
80$2,416,718$773,300$501,548$1,464,070
81$2,603,706$751,675$458,833$1,525,350
82$2,807,892$727,115$412,811$1,592,063
83$3,030,972$699,418$363,315$1,664,817
84$3,274,810$668,369$310,165$1,744,287
85$3,541,462$633,740$253,177$1,831,223
86$3,833,191$595,293$192,158$1,926,457
87$4,152,486$552,772$126,906$2,030,911
88$4,502,092$505,910$57,209$2,145,608
89$4,885,028$454,422$0$2,271,682
90$5,304,620$398,009$0$2,414,971
91$5,764,533$336,352$0$2,588,872
92$6,268,800$269,118$0$2,779,713
93$6,821,865$195,953$0$2,989,271
94$7,428,623$116,482$0$3,219,509
95$8,094,465$30,312$0$3,472,592
96$8,825,328$0$0$3,750,916
97$9,627,754$0$0$4,082,073
98$10,508,948$0$0$4,459,036
99$11,476,847$0$0$4,873,209
100$12,540,196$0$0$5,328,347