Can I retire at age 65 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$68,458$67,848$67,253$66,673$66,106$64,797
2 years$33,890$33,259$32,647$32,054$31,479$30,166
3 years$22,369$21,735$21,125$20,537$19,971$18,696
4 years$16,610$15,978$15,374$14,796$14,244$13,015
5 years$13,155$12,527$11,930$11,365$10,828$9,649
6 years$10,852$10,229$9,642$9,089$8,568$7,440
7 years$9,208$8,590$8,012$7,472$6,968$5,891
8 years$7,976$7,363$6,795$6,268$5,781$4,755
9 years$7,018$6,411$5,853$5,339$4,868$3,893
10 years$6,252$5,651$5,102$4,602$4,148$3,223
11 years$5,626$5,031$4,492$4,005$3,567$2,691
12 years$5,104$4,515$3,987$3,513$3,091$2,262
13 years$4,663$4,081$3,562$3,102$2,696$1,912
14 years$4,286$3,709$3,200$2,753$2,363$1,624
15 years$3,959$3,388$2,889$2,456$2,081$1,384
16 years$3,673$3,109$2,620$2,199$1,839$1,184
17 years$3,421$2,863$2,384$1,975$1,630$1,015
18 years$3,197$2,646$2,176$1,780$1,450$872
19 years$2,997$2,452$1,992$1,609$1,292$751
20 years$2,818$2,278$1,828$1,457$1,154$648
21 years$2,655$2,122$1,682$1,322$1,033$559
22 years$2,508$1,981$1,550$1,202$926$484
23 years$2,373$1,853$1,431$1,095$831$419
24 years$2,250$1,736$1,323$999$747$363
25 years$2,137$1,629$1,226$912$672$314
26 years$2,033$1,531$1,137$834$605$273
27 years$1,937$1,441$1,056$763$546$237
28 years$1,848$1,358$981$699$493$205
29 years$1,765$1,281$913$641$445$178
30 years$1,687$1,210$851$589$402$155
31 years$1,615$1,144$793$541$363$135
32 years$1,548$1,082$740$497$329$117
33 years$1,485$1,025$691$457$297$102
34 years$1,425$971$646$420$269$89
35 years$1,369$921$604$387$244$77
36 years$1,317$874$565$356$221$67
37 years$1,267$830$528$328$200$58
38 years$1,220$789$495$303$182$51
39 years$1,176$750$464$279$165$44
40 years$1,133$714$435$257$149$39
41 years$1,093$680$407$237$136$34
42 years$1,055$647$382$219$123$29
43 years$1,019$617$359$202$112$25
44 years$985$588$337$187$101$22
45 years$952$561$316$173$92$19
46 years$921$535$297$159$83$17
47 years$891$510$279$147$76$15
48 years$863$487$262$136$69$13
49 years$835$465$246$126$63$11
50 years$809$444$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $829,000, adding $4,795 every year, while hoping to spend $46,525 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: 70/8/22 Blend
64$829,000$829,000$829,000$829,000
65$918,504$874,567$861,718$977,447
66$962,689$867,919$841,083$1,010,785
67$1,009,822$859,385$818,198$1,041,352
68$1,060,154$848,825$792,937$1,073,681
69$1,113,960$836,088$765,171$1,107,943
70$1,171,544$821,016$734,764$1,144,326
71$1,233,236$803,440$701,573$1,183,039
72$1,299,399$783,182$665,449$1,224,315
73$1,370,433$760,053$626,237$1,268,409
74$1,446,775$733,853$583,774$1,315,606
75$1,528,905$704,372$537,889$1,366,219
76$1,617,351$671,384$488,406$1,420,598
77$1,712,693$634,653$435,140$1,479,127
78$1,815,566$593,929$377,895$1,542,231
79$1,926,669$548,948$316,471$1,610,382
80$2,046,772$499,429$250,655$1,684,102
81$2,176,718$445,076$180,227$1,763,967
82$2,317,435$385,577$104,956$1,850,614
83$2,469,944$320,601$24,603$1,944,749
84$2,635,368$249,799$0$2,047,151
85$2,814,939$172,803$0$2,173,035
86$3,010,016$89,224$0$2,316,097
87$3,222,091$0$0$2,471,671
88$3,452,807$0$0$2,641,107
89$3,703,971$0$0$2,834,150
90$3,977,572$0$0$3,044,478
91$4,275,797$0$0$3,273,778
92$4,601,056$0$0$3,523,909
93$4,955,998$0$0$3,796,913
94$5,343,542$0$0$4,095,041
95$5,766,900$0$0$4,420,770
96$6,229,607$0$0$4,776,826
97$6,735,556$0$0$5,166,211
98$7,289,034$0$0$5,592,232
99$7,894,760$0$0$6,058,527
100$8,557,930$0$0$6,569,105