Can I retire at age 65 with 834,000?

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 $834,000?

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$68,871$68,257$67,659$67,075$66,504$65,188
2 years$34,095$33,460$32,844$32,247$31,669$30,348
3 years$22,504$21,866$21,252$20,661$20,092$18,808
4 years$16,710$16,074$15,466$14,885$14,330$13,093
5 years$13,234$12,602$12,002$11,433$10,893$9,707
6 years$10,918$10,291$9,700$9,143$8,619$7,485
7 years$9,264$8,642$8,061$7,517$7,010$5,927
8 years$8,024$7,408$6,836$6,306$5,815$4,784
9 years$7,060$6,450$5,888$5,371$4,897$3,917
10 years$6,290$5,685$5,133$4,630$4,173$3,242
11 years$5,660$5,061$4,519$4,030$3,589$2,707
12 years$5,135$4,543$4,011$3,535$3,110$2,276
13 years$4,691$4,105$3,583$3,120$2,712$1,924
14 years$4,311$3,732$3,220$2,770$2,377$1,634
15 years$3,982$3,409$2,907$2,470$2,093$1,393
16 years$3,695$3,128$2,635$2,212$1,850$1,191
17 years$3,441$2,880$2,398$1,987$1,640$1,021
18 years$3,216$2,662$2,189$1,791$1,458$878
19 years$3,015$2,467$2,004$1,618$1,300$756
20 years$2,835$2,292$1,839$1,466$1,161$652
21 years$2,671$2,135$1,692$1,330$1,039$563
22 years$2,523$1,993$1,559$1,209$931$486
23 years$2,388$1,864$1,440$1,102$836$421
24 years$2,264$1,746$1,331$1,005$751$365
25 years$2,150$1,639$1,233$918$676$316
26 years$2,045$1,540$1,144$839$609$274
27 years$1,949$1,450$1,062$768$549$238
28 years$1,859$1,366$987$704$496$207
29 years$1,775$1,289$919$645$447$180
30 years$1,698$1,217$856$592$404$156
31 years$1,625$1,151$798$544$366$136
32 years$1,557$1,089$744$500$331$118
33 years$1,494$1,031$695$460$299$103
34 years$1,434$977$649$423$271$89
35 years$1,378$927$607$389$245$78
36 years$1,325$880$568$358$222$68
37 years$1,275$835$532$330$202$59
38 years$1,227$794$498$304$183$51
39 years$1,183$755$466$281$166$45
40 years$1,140$718$437$259$150$39
41 years$1,100$684$410$239$136$34
42 years$1,062$651$385$220$124$29
43 years$1,025$620$361$204$112$26
44 years$991$591$339$188$102$22
45 years$958$564$318$174$93$19
46 years$927$538$299$160$84$17
47 years$897$513$281$148$76$15
48 years$868$490$264$137$69$13
49 years$840$468$248$126$63$11
50 years$814$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $834,000, adding $3,916 every year, while hoping to spend $24,690 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: 60/27/13 Blend
64$834,000$834,000$834,000$834,000
65$923,107$878,905$865,978$975,321
66$990,994$895,702$868,719$1,027,721
67$1,064,978$912,494$870,723$1,081,730
68$1,145,655$929,255$871,941$1,140,052
69$1,233,680$945,957$872,320$1,203,105
70$1,329,776$962,569$871,803$1,271,350
71$1,434,737$979,058$870,332$1,345,297
72$1,549,437$995,389$867,845$1,425,504
73$1,674,840$1,011,524$864,279$1,512,590
74$1,812,006$1,027,421$859,564$1,607,234
75$1,962,102$1,043,036$853,631$1,710,187
76$2,126,415$1,058,323$846,406$1,822,275
77$2,306,358$1,073,230$837,810$1,944,410
78$2,503,493$1,087,704$827,762$2,077,596
79$2,719,534$1,101,686$816,177$2,222,941
80$2,956,373$1,115,115$802,965$2,381,665
81$3,216,092$1,127,925$788,034$2,555,114
82$3,500,984$1,140,045$771,284$2,744,771
83$3,813,577$1,151,399$752,614$2,952,272
84$4,156,652$1,161,908$731,917$3,179,419
85$4,533,274$1,171,485$709,080$3,428,200
86$4,946,821$1,180,040$683,987$3,700,806
87$5,401,010$1,187,476$656,514$3,999,652
88$5,899,939$1,193,689$626,533$4,327,401
89$6,448,122$1,198,569$593,912$4,686,988
90$7,050,531$1,201,999$558,508$5,081,649
91$7,712,644$1,203,856$520,177$5,514,951
92$8,440,495$1,204,006$478,764$5,990,826
93$9,240,734$1,202,311$434,111$6,513,611
94$10,120,686$1,198,621$386,051$7,088,083
95$11,088,420$1,192,778$334,408$7,719,511
96$12,152,830$1,184,614$279,001$8,413,702
97$13,323,711$1,173,953$219,640$9,177,059
98$14,611,857$1,160,604$156,126$10,016,638
99$16,029,162$1,144,369$88,251$10,940,218
100$17,588,729$1,125,036$15,801$11,956,376