Can I retire at age 65 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$68,541$67,930$67,334$66,753$66,185$64,041
2 years$33,931$33,299$32,687$32,093$31,517$29,377
3 years$22,396$21,761$21,150$20,562$19,996$17,927
4 years$16,630$15,997$15,392$14,814$14,261$12,279
5 years$13,171$12,542$11,945$11,378$10,841$8,952
6 years$10,865$10,241$9,653$9,099$8,578$6,783
7 years$9,220$8,601$8,022$7,481$6,976$5,275
8 years$7,986$7,372$6,803$6,276$5,788$4,178
9 years$7,026$6,419$5,860$5,346$4,874$3,355
10 years$6,260$5,658$5,109$4,608$4,153$2,723
11 years$5,633$5,037$4,497$4,010$3,572$2,227
12 years$5,110$4,521$3,991$3,518$3,095$1,833
13 years$4,669$4,086$3,566$3,105$2,699$1,517
14 years$4,291$3,714$3,204$2,757$2,366$1,260
15 years$3,963$3,393$2,893$2,458$2,083$1,050
16 years$3,677$3,113$2,623$2,201$1,841$878
17 years$3,425$2,867$2,387$1,978$1,632$736
18 years$3,201$2,649$2,179$1,782$1,451$617
19 years$3,001$2,455$1,995$1,611$1,294$519
20 years$2,821$2,281$1,830$1,459$1,156$437
21 years$2,658$2,125$1,684$1,324$1,034$368
22 years$2,511$1,983$1,552$1,204$927$310
23 years$2,376$1,855$1,433$1,096$832$262
24 years$2,253$1,738$1,325$1,000$748$221
25 years$2,140$1,631$1,227$913$673$187
26 years$2,036$1,533$1,138$835$606$158
27 years$1,939$1,443$1,057$764$547$134
28 years$1,850$1,359$983$700$493$113
29 years$1,767$1,283$914$642$445$96
30 years$1,690$1,211$852$589$402$81
31 years$1,617$1,145$794$541$364$69
32 years$1,550$1,083$741$497$329$58
33 years$1,486$1,026$692$457$298$49
34 years$1,427$972$646$421$270$42
35 years$1,371$922$604$387$244$35
36 years$1,318$875$565$357$221$30
37 years$1,268$831$529$329$201$25
38 years$1,221$790$495$303$182$21
39 years$1,177$751$464$279$165$18
40 years$1,135$715$435$258$150$15
41 years$1,095$680$408$238$136$13
42 years$1,057$648$383$219$123$11
43 years$1,021$617$359$203$112$9
44 years$986$589$337$187$101$8
45 years$953$561$317$173$92$7
46 years$922$535$297$160$84$6
47 years$892$511$279$147$76$5
48 years$864$488$262$136$69$4
49 years$836$466$247$126$63$3
50 years$810$445$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $830,000, adding $3,600 every year, while hoping to spend $46,378 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: 51/28/21 Blend
64$830,000$830,000$830,000$830,000
65$918,373$874,383$861,518$959,678
66$962,702$867,882$841,033$982,097
67$1,009,997$859,508$818,308$1,001,399
68$1,060,513$849,121$793,218$1,021,410
69$1,114,528$836,570$765,633$1,042,215
70$1,172,346$821,699$735,418$1,063,908
71$1,234,303$804,339$702,432$1,086,599
72$1,300,763$784,313$666,525$1,110,408
73$1,372,131$761,434$627,543$1,135,474
74$1,448,846$735,502$585,324$1,161,950
75$1,531,395$706,308$539,698$1,190,012
76$1,620,308$673,628$490,489$1,219,854
77$1,716,171$637,228$437,512$1,251,696
78$1,819,626$596,857$380,574$1,285,783
79$1,931,377$552,253$319,473$1,322,392
80$2,052,202$503,137$253,999$1,361,830
81$2,182,950$449,215$183,933$1,404,443
82$2,324,560$390,176$109,043$1,450,617
83$2,478,062$325,690$29,092$1,500,780
84$2,644,586$255,412$0$1,555,415
85$2,825,380$178,973$0$1,627,655
86$3,021,813$95,986$0$1,713,275
87$3,235,391$6,043$0$1,806,476
88$3,467,773$0$0$1,908,061
89$3,720,783$0$0$2,047,048
90$3,996,427$0$0$2,200,577
91$4,296,916$0$0$2,368,024
92$4,624,679$0$0$2,550,755
93$4,982,392$0$0$2,750,272
94$5,373,001$0$0$2,968,230
95$5,799,748$0$0$3,206,447
96$6,266,202$0$0$3,466,930
97$6,776,293$0$0$3,751,886
98$7,334,348$0$0$4,063,743
99$7,945,131$0$0$4,405,179
100$8,613,888$0$0$4,779,139