Can I retire at age 65 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,797$67,194$66,604$66,029$65,468$64,067
2 years$33,563$32,938$32,332$31,745$31,175$29,771
3 years$22,153$21,525$20,921$20,339$19,779$18,415
4 years$16,449$15,823$15,225$14,653$14,106$12,793
5 years$13,028$12,406$11,815$11,255$10,723$9,465
6 years$10,748$10,130$9,549$9,001$8,485$7,282
7 years$9,120$8,507$7,935$7,400$6,901$5,754
8 years$7,899$7,292$6,729$6,208$5,725$4,633
9 years$6,950$6,349$5,796$5,288$4,821$3,784
10 years$6,192$5,597$5,053$4,558$4,108$3,125
11 years$5,571$4,982$4,449$3,967$3,533$2,602
12 years$5,055$4,472$3,948$3,479$3,061$2,182
13 years$4,618$4,041$3,527$3,072$2,670$1,840
14 years$4,244$3,673$3,169$2,727$2,340$1,558
15 years$3,920$3,356$2,862$2,432$2,061$1,325
16 years$3,637$3,079$2,594$2,177$1,821$1,130
17 years$3,388$2,835$2,361$1,956$1,615$966
18 years$3,166$2,620$2,155$1,763$1,436$827
19 years$2,968$2,428$1,973$1,593$1,280$710
20 years$2,790$2,256$1,811$1,443$1,143$611
21 years$2,630$2,102$1,665$1,310$1,023$526
22 years$2,484$1,962$1,535$1,191$917$453
23 years$2,350$1,835$1,417$1,084$823$391
24 years$2,229$1,719$1,311$989$740$338
25 years$2,117$1,613$1,214$903$666$292
26 years$2,014$1,516$1,126$826$600$252
27 years$1,918$1,427$1,045$756$541$218
28 years$1,830$1,345$972$693$488$189
29 years$1,748$1,269$904$635$440$164
30 years$1,671$1,198$842$583$398$142
31 years$1,600$1,133$785$535$360$123
32 years$1,533$1,072$733$492$325$106
33 years$1,470$1,015$684$452$295$92
34 years$1,411$962$639$416$267$80
35 years$1,356$912$598$383$242$69
36 years$1,304$866$559$353$219$60
37 years$1,255$822$523$325$198$52
38 years$1,208$782$490$300$180$45
39 years$1,164$743$459$276$163$39
40 years$1,122$707$430$255$148$34
41 years$1,083$673$404$235$134$30
42 years$1,045$641$379$217$122$26
43 years$1,009$611$355$200$111$22
44 years$975$582$333$185$100$19
45 years$943$555$313$171$91$17
46 years$912$530$294$158$83$15
47 years$883$505$276$146$75$13
48 years$854$482$260$135$68$11
49 years$827$461$244$125$62$10
50 years$802$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $821,000, adding $5,593 every year, while hoping to spend $45,719 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: 32/42/26 Blend
64$821,000$821,000$821,000$821,000
65$910,511$866,998$854,273$932,259
66$954,739$860,836$834,246$943,129
67$1,001,945$852,840$812,016$950,375
68$1,052,386$842,872$787,461$957,270
69$1,106,341$830,785$760,453$963,815
70$1,164,119$816,424$730,859$970,014
71$1,226,054$799,624$698,539$975,876
72$1,292,518$780,212$663,346$981,416
73$1,363,916$758,003$625,129$986,654
74$1,440,692$732,802$583,727$991,618
75$1,523,335$704,402$538,975$996,345
76$1,612,383$672,585$490,698$1,000,882
77$1,708,424$637,120$438,714$1,005,285
78$1,812,106$597,761$382,834$1,009,625
79$1,924,140$554,251$322,858$1,013,984
80$2,045,308$506,316$258,580$1,018,464
81$2,176,470$453,666$189,783$1,023,180
82$2,318,571$395,996$116,242$1,028,272
83$2,472,649$332,984$37,720$1,033,901
84$2,639,847$264,288$0$1,040,252
85$2,821,421$189,548$0$1,060,324
86$3,018,754$108,383$0$1,093,581
87$3,233,365$20,392$0$1,129,906
88$3,466,928$0$0$1,169,700
89$3,721,283$0$0$1,248,008
90$3,998,454$0$0$1,343,726
91$4,300,672$0$0$1,448,212
92$4,630,388$0$0$1,562,329
93$4,990,304$0$0$1,687,028
94$5,383,391$0$0$1,823,354
95$5,812,921$0$0$1,972,460
96$6,282,497$0$0$2,135,613
97$6,796,084$0$0$2,314,209
98$7,358,049$0$0$2,509,786
99$7,973,201$0$0$2,724,037
100$8,646,834$0$0$2,958,826