Can I retire at age 65 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$68,788$68,176$67,578$66,994$66,425$66,034
2 years$34,054$33,419$32,805$32,209$31,631$31,236
3 years$22,477$21,840$21,227$20,637$20,068$19,682
4 years$16,690$16,055$15,448$14,867$14,313$13,939
5 years$13,218$12,587$11,988$11,420$10,880$10,519
6 years$10,905$10,278$9,688$9,132$8,609$8,261
7 years$9,253$8,632$8,051$7,508$7,002$6,667
8 years$8,015$7,399$6,828$6,298$5,808$5,487
9 years$7,052$6,442$5,881$5,365$4,892$4,584
10 years$6,282$5,678$5,127$4,625$4,168$3,874
11 years$5,653$5,055$4,514$4,025$3,584$3,303
12 years$5,129$4,537$4,006$3,530$3,106$2,838
13 years$4,686$4,100$3,579$3,117$2,709$2,453
14 years$4,306$3,727$3,216$2,767$2,374$2,131
15 years$3,978$3,405$2,903$2,467$2,091$1,859
16 years$3,691$3,124$2,632$2,209$1,848$1,627
17 years$3,437$2,877$2,395$1,985$1,638$1,429
18 years$3,213$2,658$2,187$1,789$1,457$1,259
19 years$3,012$2,464$2,002$1,616$1,298$1,111
20 years$2,831$2,289$1,837$1,464$1,160$982
21 years$2,668$2,133$1,690$1,329$1,038$870
22 years$2,520$1,991$1,557$1,208$930$772
23 years$2,385$1,862$1,438$1,100$835$686
24 years$2,261$1,744$1,330$1,003$751$610
25 years$2,148$1,637$1,232$916$675$543
26 years$2,043$1,539$1,142$838$608$484
27 years$1,946$1,448$1,061$767$549$431
28 years$1,857$1,364$986$703$495$385
29 years$1,773$1,287$918$644$447$344
30 years$1,696$1,216$855$591$404$307
31 years$1,623$1,149$797$543$365$275
32 years$1,555$1,087$744$499$330$246
33 years$1,492$1,030$694$459$299$220
34 years$1,432$976$649$422$271$197
35 years$1,376$926$606$389$245$176
36 years$1,323$879$567$358$222$158
37 years$1,273$834$531$330$201$141
38 years$1,226$793$497$304$182$127
39 years$1,181$754$466$280$165$113
40 years$1,139$717$437$259$150$102
41 years$1,099$683$409$239$136$91
42 years$1,061$650$384$220$124$82
43 years$1,024$620$360$203$112$73
44 years$990$591$338$188$102$66
45 years$957$563$318$173$92$59
46 years$925$537$298$160$84$53
47 years$895$513$280$148$76$47
48 years$867$490$263$137$69$43
49 years$839$467$248$126$63$38
50 years$813$447$233$117$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $833,000, adding $4,124 every year, while hoping to spend $44,040 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: 62/30/8 Blend
64$833,000$833,000$833,000$833,000
65$922,220$878,071$865,159$977,615
66$969,428$874,238$847,284$1,011,306
67$1,019,976$868,742$827,334$1,042,582
68$1,074,156$861,453$805,193$1,075,599
69$1,132,293$852,237$780,739$1,110,524
70$1,194,740$840,949$753,847$1,147,545
71$1,261,885$827,438$724,383$1,186,868
72$1,334,155$811,540$692,208$1,228,722
73$1,412,019$793,086$657,177$1,273,361
74$1,495,992$771,894$619,138$1,321,068
75$1,586,637$747,771$577,934$1,372,155
76$1,684,578$720,515$533,398$1,426,970
77$1,790,495$689,911$485,358$1,485,896
78$1,905,140$655,731$433,632$1,549,360
79$2,029,337$617,735$378,031$1,617,835
80$2,163,994$575,668$318,359$1,691,843
81$2,310,106$529,261$254,410$1,771,966
82$2,468,772$478,230$185,967$1,858,843
83$2,641,198$422,273$112,808$1,953,189
84$2,828,709$361,075$34,697$2,055,788
85$3,032,768$294,297$0$2,167,515
86$3,254,980$221,588$0$2,293,487
87$3,497,113$142,570$0$2,434,049
88$3,761,112$56,850$0$2,587,442
89$4,049,119$0$0$2,754,997
90$4,363,490$0$0$2,950,066
91$4,706,821$0$0$3,183,659
92$5,081,965$0$0$3,438,958
93$5,492,069$0$0$3,718,110
94$5,940,593$0$0$4,023,479
95$6,431,349$0$0$4,357,669
96$6,968,534$0$0$4,723,546
97$7,556,770$0$0$5,124,267
98$8,201,144$0$0$5,563,307
99$8,907,263$0$0$6,044,494
100$9,681,299$0$0$6,572,045