Can I retire at age 65 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$67,632$67,030$66,442$65,868$65,308$64,734
2 years$33,481$32,858$32,253$31,667$31,099$30,521
3 years$22,099$21,473$20,870$20,290$19,731$19,165
4 years$16,409$15,785$15,188$14,618$14,072$13,525
5 years$12,996$12,376$11,787$11,228$10,697$10,170
6 years$10,721$10,106$9,525$8,979$8,464$7,957
7 years$9,097$8,487$7,916$7,382$6,884$6,397
8 years$7,880$7,275$6,713$6,193$5,711$5,244
9 years$6,933$6,334$5,782$5,275$4,809$4,363
10 years$6,177$5,583$5,041$4,547$4,098$3,671
11 years$5,558$4,970$4,438$3,957$3,524$3,117
12 years$5,043$4,461$3,938$3,471$3,054$2,666
13 years$4,607$4,031$3,519$3,064$2,663$2,294
14 years$4,234$3,664$3,162$2,720$2,335$1,984
15 years$3,911$3,348$2,855$2,426$2,055$1,723
16 years$3,628$3,071$2,588$2,172$1,817$1,501
17 years$3,380$2,829$2,355$1,952$1,611$1,312
18 years$3,159$2,614$2,150$1,759$1,432$1,149
19 years$2,961$2,422$1,968$1,589$1,277$1,009
20 years$2,784$2,251$1,806$1,439$1,140$888
21 years$2,623$2,097$1,661$1,306$1,020$783
22 years$2,477$1,957$1,531$1,188$915$691
23 years$2,345$1,831$1,414$1,082$821$610
24 years$2,223$1,715$1,308$987$738$540
25 years$2,112$1,610$1,211$901$664$478
26 years$2,009$1,513$1,123$824$598$424
27 years$1,914$1,424$1,043$754$539$376
28 years$1,825$1,341$970$691$487$333
29 years$1,743$1,266$902$634$439$296
30 years$1,667$1,195$840$581$397$263
31 years$1,596$1,130$783$534$359$234
32 years$1,529$1,069$731$491$325$208
33 years$1,467$1,012$683$451$294$185
34 years$1,408$960$638$415$266$165
35 years$1,353$910$596$382$241$146
36 years$1,301$864$558$352$218$130
37 years$1,252$820$522$324$198$116
38 years$1,205$780$489$299$179$103
39 years$1,161$741$458$276$163$92
40 years$1,120$705$429$254$148$82
41 years$1,080$671$403$235$134$73
42 years$1,043$639$378$216$121$65
43 years$1,007$609$354$200$110$58
44 years$973$581$333$185$100$52
45 years$941$554$312$170$91$46
46 years$910$528$293$157$82$41
47 years$880$504$276$145$75$37
48 years$852$481$259$134$68$33
49 years$825$460$243$124$62$29
50 years$800$439$229$115$56$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $819,000, adding $4,627 every year, while hoping to spend $33,598 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: 55/40/5 Blend
64$819,000$819,000$819,000$819,000
65$907,311$863,904$851,209$956,032
66$964,108$870,487$843,977$995,981
67$1,025,573$876,267$835,376$1,035,303
68$1,092,146$881,168$825,325$1,077,280
69$1,164,311$885,112$813,740$1,122,168
70$1,242,602$888,013$800,531$1,170,250
71$1,327,603$889,781$785,604$1,221,838
72$1,419,959$890,321$768,863$1,277,278
73$1,520,379$889,531$750,204$1,336,952
74$1,629,643$887,303$729,521$1,401,282
75$1,748,608$883,523$706,702$1,470,733
76$1,878,220$878,069$681,630$1,545,822
77$2,019,516$870,812$654,182$1,627,117
78$2,173,641$861,616$624,231$1,715,248
79$2,341,852$850,336$591,643$1,810,910
80$2,525,536$836,817$556,278$1,914,872
81$2,726,218$820,898$517,990$2,027,981
82$2,945,575$802,405$476,627$2,151,175
83$3,185,458$781,157$432,028$2,285,491
84$3,447,901$756,960$384,027$2,432,072
85$3,735,145$729,609$332,450$2,592,181
86$4,049,658$698,888$277,115$2,767,215
87$4,394,158$664,568$217,833$2,958,714
88$4,771,637$626,407$154,405$3,168,381
89$5,185,391$584,148$86,624$3,398,095
90$5,639,049$537,520$14,275$3,649,931
91$6,136,611$486,237$0$3,926,182
92$6,682,478$429,996$0$4,232,734
93$7,281,502$368,476$0$4,570,054
94$7,939,025$301,341$0$4,940,475
95$8,660,932$228,233$0$5,347,416
96$9,453,705$148,775$0$5,794,646
97$10,324,486$62,568$0$6,286,327
98$11,281,141$0$0$6,827,051
99$12,332,337$0$0$7,435,444
100$13,487,622$0$0$8,134,428