Can I retire at age 65 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$68,045$67,439$66,848$66,271$65,707$64,328
2 years$33,686$33,058$32,450$31,861$31,289$29,906
3 years$22,234$21,604$20,998$20,414$19,851$18,507
4 years$16,509$15,881$15,281$14,707$14,158$12,864
5 years$13,075$12,451$11,859$11,296$10,763$9,522
6 years$10,787$10,167$9,583$9,034$8,516$7,330
7 years$9,153$8,538$7,964$7,427$6,926$5,795
8 years$7,928$7,319$6,754$6,230$5,746$4,669
9 years$6,976$6,373$5,817$5,307$4,839$3,816
10 years$6,214$5,617$5,072$4,575$4,123$3,153
11 years$5,592$5,001$4,465$3,981$3,546$2,627
12 years$5,073$4,488$3,963$3,492$3,073$2,204
13 years$4,635$4,056$3,540$3,083$2,679$1,860
14 years$4,260$3,687$3,181$2,737$2,349$1,576
15 years$3,935$3,368$2,872$2,441$2,068$1,341
16 years$3,651$3,090$2,604$2,185$1,828$1,144
17 years$3,400$2,846$2,369$1,964$1,621$979
18 years$3,178$2,630$2,163$1,770$1,441$839
19 years$2,979$2,437$1,980$1,599$1,284$721
20 years$2,801$2,265$1,817$1,448$1,147$621
21 years$2,639$2,110$1,671$1,314$1,027$535
22 years$2,493$1,969$1,541$1,195$920$461
23 years$2,359$1,842$1,422$1,088$826$398
24 years$2,237$1,726$1,315$993$742$344
25 years$2,124$1,619$1,218$906$668$298
26 years$2,021$1,522$1,130$829$602$258
27 years$1,925$1,432$1,049$759$543$223
28 years$1,837$1,350$975$695$490$193
29 years$1,754$1,273$908$637$442$167
30 years$1,677$1,202$846$585$399$145
31 years$1,606$1,137$788$537$361$126
32 years$1,539$1,076$735$494$327$109
33 years$1,476$1,019$687$454$296$95
34 years$1,417$965$642$418$268$82
35 years$1,361$916$600$385$242$71
36 years$1,309$869$561$354$220$62
37 years$1,259$825$525$326$199$54
38 years$1,213$784$492$301$180$47
39 years$1,168$746$461$277$164$40
40 years$1,127$710$432$256$148$35
41 years$1,087$676$405$236$135$31
42 years$1,049$643$380$218$122$27
43 years$1,013$613$357$201$111$23
44 years$979$584$335$186$101$20
45 years$946$557$314$171$91$17
46 years$915$532$295$158$83$15
47 years$886$507$277$146$75$13
48 years$857$484$261$135$68$11
49 years$830$462$245$125$62$10
50 years$805$442$230$116$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $824,000, adding $4,137 every year, while hoping to spend $20,175 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: 54/17/29 Blend
64$824,000$824,000$824,000$824,000
65$912,315$868,643$855,871$954,011
66$983,905$889,741$863,077$1,004,417
67$1,062,122$911,196$869,848$1,056,866
68$1,147,618$933,005$876,148$1,113,572
69$1,241,116$955,163$881,940$1,174,951
70$1,343,409$977,665$887,184$1,241,462
71$1,455,370$1,000,503$891,837$1,313,611
72$1,577,961$1,023,672$895,858$1,391,957
73$1,712,242$1,047,161$899,198$1,477,115
74$1,859,380$1,070,961$901,810$1,569,762
75$2,020,659$1,095,060$903,643$1,670,646
76$2,197,495$1,119,447$904,644$1,780,592
77$2,391,446$1,144,106$904,756$1,900,507
78$2,604,229$1,169,023$903,921$2,031,392
79$2,837,734$1,194,179$902,076$2,174,352
80$3,094,046$1,219,556$899,158$2,330,603
81$3,375,457$1,245,133$895,099$2,501,486
82$3,684,495$1,270,886$889,826$2,688,479
83$4,023,945$1,296,791$883,267$2,893,214
84$4,396,873$1,322,819$875,342$3,117,486
85$4,806,658$1,348,941$865,969$3,363,276
86$5,257,022$1,375,124$855,064$3,632,769
87$5,752,066$1,401,333$842,537$3,928,371
88$6,296,307$1,427,529$828,292$4,252,735
89$6,894,724$1,453,671$812,233$4,608,787
90$7,552,799$1,479,714$794,256$4,999,751
91$8,276,574$1,505,610$774,253$5,429,182
92$9,072,706$1,531,306$752,112$5,900,998
93$9,948,528$1,556,747$727,715$6,419,518
94$10,912,123$1,581,872$700,938$6,989,504
95$11,972,393$1,606,617$671,652$7,616,202
96$13,139,148$1,630,912$639,724$8,305,400
97$14,423,198$1,654,684$605,011$9,063,473
98$15,836,452$1,677,851$567,367$9,897,451
99$17,392,034$1,700,330$526,638$10,815,081
100$19,104,404$1,722,028$482,663$11,824,905