Can I retire at age 65 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$67,385$66,784$66,199$65,627$65,069$62,537
2 years$33,359$32,737$32,135$31,551$30,985$28,465
3 years$22,018$21,394$20,794$20,215$19,658$17,229
4 years$16,349$15,727$15,132$14,564$14,020$11,700
5 years$12,949$12,330$11,743$11,187$10,658$8,453
6 years$10,682$10,069$9,490$8,946$8,433$6,346
7 years$9,064$8,456$7,887$7,355$6,859$4,887
8 years$7,851$7,248$6,688$6,170$5,690$3,832
9 years$6,908$6,311$5,761$5,255$4,792$3,046
10 years$6,154$5,563$5,022$4,530$4,083$2,445
11 years$5,538$4,952$4,422$3,943$3,511$1,978
12 years$5,024$4,445$3,924$3,458$3,043$1,610
13 years$4,590$4,017$3,506$3,053$2,653$1,317
14 years$4,218$3,651$3,150$2,710$2,326$1,081
15 years$3,897$3,335$2,844$2,417$2,048$890
16 years$3,615$3,060$2,579$2,164$1,810$735
17 years$3,367$2,818$2,346$1,944$1,605$608
18 years$3,147$2,604$2,142$1,752$1,427$504
19 years$2,950$2,413$1,961$1,583$1,272$418
20 years$2,773$2,243$1,800$1,434$1,136$347
21 years$2,613$2,089$1,655$1,302$1,017$289
22 years$2,468$1,950$1,526$1,183$911$240
23 years$2,336$1,824$1,409$1,078$818$200
24 years$2,215$1,709$1,303$983$735$167
25 years$2,104$1,604$1,207$898$662$139
26 years$2,001$1,507$1,119$821$596$116
27 years$1,907$1,418$1,039$751$537$97
28 years$1,819$1,337$966$688$485$81
29 years$1,737$1,261$899$631$438$67
30 years$1,661$1,191$837$579$396$56
31 years$1,590$1,126$781$532$358$47
32 years$1,524$1,065$728$489$324$39
33 years$1,461$1,009$680$450$293$33
34 years$1,403$956$635$414$265$27
35 years$1,348$907$594$381$240$23
36 years$1,296$861$556$351$218$19
37 years$1,247$817$520$323$197$16
38 years$1,201$777$487$298$179$13
39 years$1,157$739$456$275$162$11
40 years$1,116$703$428$253$147$9
41 years$1,076$669$401$234$133$8
42 years$1,039$637$376$216$121$6
43 years$1,003$607$353$199$110$5
44 years$970$579$331$184$100$5
45 years$937$552$311$170$91$4
46 years$907$526$292$157$82$3
47 years$877$502$275$145$75$3
48 years$849$480$258$134$68$2
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $816,000, adding $3,569 every year, while hoping to spend $28,422 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: 52/23/25 Blend
64$816,000$816,000$816,000$816,000
65$902,913$859,665$847,017$943,398
66$964,770$871,548$845,152$983,694
67$1,031,983$883,061$842,271$1,024,313
68$1,105,069$894,155$838,311$1,067,919
69$1,184,597$904,779$833,205$1,114,809
70$1,271,191$914,878$826,882$1,165,310
71$1,365,539$924,394$819,270$1,219,782
72$1,468,398$933,263$810,289$1,278,625
73$1,580,601$941,420$799,861$1,342,279
74$1,703,066$948,793$787,899$1,411,231
75$1,836,801$955,306$774,317$1,486,017
76$1,982,918$960,879$759,019$1,567,232
77$2,142,640$965,427$741,911$1,655,530
78$2,317,314$968,857$722,889$1,751,635
79$2,508,422$971,073$701,848$1,856,346
80$2,717,597$971,972$678,677$1,970,546
81$2,946,638$971,445$653,258$2,095,208
82$3,197,525$969,375$625,472$2,231,407
83$3,472,437$965,639$595,190$2,380,331
84$3,773,776$960,106$562,279$2,543,290
85$4,104,187$952,637$526,601$2,721,729
86$4,466,583$943,085$488,011$2,917,246
87$4,864,172$931,294$446,357$3,131,602
88$5,300,488$917,097$401,480$3,366,741
89$5,779,424$900,321$353,216$3,624,809
90$6,305,267$880,778$301,390$3,908,174
91$6,882,740$858,273$245,823$4,219,448
92$7,517,048$832,597$186,327$4,561,515
93$8,213,921$803,528$122,703$4,937,554
94$8,979,675$770,835$54,747$5,351,076
95$9,821,266$734,270$0$5,805,951
96$10,746,357$693,571$0$6,311,192
97$11,763,392$648,463$0$6,882,662
98$12,881,673$598,653$0$7,511,002
99$14,111,449$543,832$0$8,202,009
100$15,464,012$483,674$0$8,962,075