Can I retire at age 65 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,963$67,357$66,767$66,190$65,627$65,023
2 years$33,645$33,018$32,411$31,822$31,251$30,642
3 years$22,207$21,578$20,972$20,389$19,827$19,233
4 years$16,489$15,862$15,262$14,689$14,141$13,565
5 years$13,060$12,436$11,844$11,283$10,750$10,195
6 years$10,774$10,155$9,572$9,023$8,506$7,972
7 years$9,142$8,528$7,954$7,418$6,917$6,405
8 years$7,918$7,310$6,746$6,223$5,739$5,248
9 years$6,967$6,365$5,810$5,300$4,833$4,364
10 years$6,207$5,610$5,065$4,569$4,118$3,670
11 years$5,585$4,994$4,460$3,976$3,541$3,114
12 years$5,067$4,483$3,958$3,488$3,069$2,662
13 years$4,629$4,051$3,536$3,079$2,676$2,289
14 years$4,255$3,682$3,177$2,733$2,346$1,978
15 years$3,930$3,364$2,868$2,438$2,066$1,716
16 years$3,646$3,086$2,601$2,183$1,826$1,495
17 years$3,396$2,842$2,367$1,961$1,619$1,305
18 years$3,174$2,626$2,160$1,767$1,439$1,143
19 years$2,976$2,434$1,978$1,597$1,283$1,003
20 years$2,797$2,262$1,815$1,446$1,146$882
21 years$2,636$2,107$1,669$1,313$1,025$776
22 years$2,490$1,967$1,539$1,194$919$685
23 years$2,356$1,839$1,421$1,087$825$605
24 years$2,234$1,723$1,314$991$742$534
25 years$2,122$1,617$1,217$905$667$473
26 years$2,018$1,520$1,129$828$601$419
27 years$1,923$1,431$1,048$758$542$371
28 years$1,834$1,348$974$694$489$329
29 years$1,752$1,272$907$637$442$292
30 years$1,675$1,201$845$584$399$259
31 years$1,604$1,135$787$537$361$230
32 years$1,537$1,074$735$493$326$205
33 years$1,474$1,017$686$454$295$182
34 years$1,415$964$641$417$267$162
35 years$1,359$915$599$384$242$144
36 years$1,307$868$560$354$219$128
37 years$1,258$824$525$326$199$114
38 years$1,211$783$491$300$180$101
39 years$1,167$745$460$277$163$90
40 years$1,125$709$431$256$148$80
41 years$1,085$675$405$236$135$71
42 years$1,048$643$379$218$122$64
43 years$1,012$612$356$201$111$57
44 years$978$584$334$185$101$50
45 years$945$557$314$171$91$45
46 years$914$531$295$158$83$40
47 years$885$507$277$146$75$36
48 years$856$484$260$135$68$32
49 years$829$462$245$125$62$28
50 years$804$441$230$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $823,000, adding $5,481 every year, while hoping to spend $43,726 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: 55/33/12 Blend
64$823,000$823,000$823,000$823,000
65$912,600$868,981$856,224$959,699
66$959,161$865,037$838,384$988,323
67$1,009,005$859,434$818,480$1,014,237
68$1,062,423$852,045$796,398$1,041,432
69$1,119,729$842,734$772,016$1,070,038
70$1,181,273$831,359$745,210$1,100,200
71$1,247,434$817,768$715,846$1,132,081
72$1,318,633$801,799$683,788$1,165,861
73$1,395,329$783,282$648,890$1,201,743
74$1,478,027$762,038$611,002$1,239,952
75$1,567,282$737,874$569,967$1,280,739
76$1,663,704$710,589$525,620$1,324,383
77$1,767,962$679,968$477,789$1,371,194
78$1,880,794$645,786$426,294$1,421,519
79$2,003,007$607,802$370,948$1,475,742
80$2,135,494$565,764$311,554$1,534,291
81$2,279,232$519,404$247,908$1,597,642
82$2,435,297$468,438$179,797$1,666,321
83$2,604,874$412,568$106,997$1,740,916
84$2,789,265$351,478$29,275$1,822,078
85$2,989,902$284,833$0$1,910,530
86$3,208,363$212,280$0$2,013,945
87$3,446,381$133,448$0$2,130,788
88$3,705,867$47,941$0$2,258,329
89$3,988,921$0$0$2,397,695
90$4,297,855$0$0$2,566,353
91$4,635,216$0$0$2,769,613
92$5,003,806$0$0$2,991,761
93$5,406,709$0$0$3,234,668
94$5,847,323$0$0$3,500,390
95$6,329,387$0$0$3,791,194
96$6,857,018$0$0$4,109,572
97$7,434,753$0$0$4,458,273
98$8,067,583$0$0$4,840,322
99$8,761,009$0$0$5,259,050
100$9,521,085$0$0$5,718,126