Can I retire at age 65 with 835,000?

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 $835,000?

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 years$68,954$68,339$67,740$67,155$66,584$65,213
2 years$34,135$33,500$32,884$32,286$31,707$30,332
3 years$22,531$21,892$21,278$20,686$20,116$18,780
4 years$16,730$16,093$15,485$14,903$14,347$13,060
5 years$13,250$12,617$12,017$11,447$10,906$9,672
6 years$10,931$10,303$9,711$9,154$8,630$7,450
7 years$9,275$8,652$8,070$7,526$7,018$5,893
8 years$8,034$7,417$6,844$6,314$5,822$4,751
9 years$7,069$6,458$5,895$5,378$4,903$3,885
10 years$6,297$5,692$5,139$4,636$4,178$3,212
11 years$5,666$5,067$4,525$4,034$3,593$2,678
12 years$5,141$4,548$4,015$3,539$3,114$2,249
13 years$4,697$4,110$3,588$3,124$2,715$1,898
14 years$4,317$3,736$3,223$2,773$2,380$1,610
15 years$3,987$3,413$2,910$2,473$2,096$1,371
16 years$3,699$3,131$2,639$2,215$1,852$1,170
17 years$3,446$2,884$2,401$1,990$1,642$1,002
18 years$3,220$2,665$2,192$1,793$1,460$860
19 years$3,019$2,470$2,007$1,620$1,302$739
20 years$2,838$2,295$1,841$1,467$1,163$637
21 years$2,674$2,138$1,694$1,332$1,040$549
22 years$2,526$1,995$1,561$1,211$933$474
23 years$2,390$1,866$1,441$1,103$837$409
24 years$2,267$1,749$1,333$1,006$752$354
25 years$2,153$1,641$1,235$919$677$306
26 years$2,048$1,542$1,145$840$610$265
27 years$1,951$1,451$1,063$769$550$230
28 years$1,861$1,368$989$704$496$199
29 years$1,778$1,290$920$646$448$173
30 years$1,700$1,218$857$593$405$150
31 years$1,627$1,152$799$544$366$130
32 years$1,559$1,090$745$500$331$113
33 years$1,495$1,032$696$460$300$98
34 years$1,436$978$650$423$271$85
35 years$1,379$928$608$390$246$74
36 years$1,326$881$569$359$223$64
37 years$1,276$836$532$331$202$56
38 years$1,229$795$498$305$183$49
39 years$1,184$756$467$281$166$42
40 years$1,142$719$438$259$150$37
41 years$1,101$685$410$239$136$32
42 years$1,063$652$385$221$124$28
43 years$1,027$621$361$204$112$24
44 years$992$592$339$188$102$21
45 years$959$565$318$174$93$18
46 years$928$539$299$160$84$16
47 years$898$514$281$148$76$14
48 years$869$491$264$137$69$12
49 years$842$469$248$127$63$10
50 years$815$448$233$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $835,000, adding $3,138 every year, while hoping to spend $27,947 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: 73/21/6 Blend
64$835,000$835,000$835,000$835,000
65$923,407$879,152$866,209$989,945
66$987,859$892,495$865,492$1,047,550
67$1,057,949$905,555$863,814$1,106,788
68$1,134,221$918,289$861,113$1,170,868
69$1,217,277$930,650$857,326$1,240,258
70$1,307,776$942,589$852,383$1,315,474
71$1,406,446$954,053$846,215$1,397,084
72$1,514,087$964,985$838,746$1,485,717
73$1,631,578$975,324$829,899$1,582,061
74$1,759,890$985,006$819,592$1,686,877
75$1,900,090$993,961$807,739$1,801,004
76$2,053,351$1,002,118$794,250$1,925,365
77$2,220,968$1,009,397$779,033$2,060,976
78$2,404,364$1,015,715$761,988$2,208,961
79$2,605,108$1,020,983$743,013$2,370,553
80$2,824,926$1,025,108$722,001$2,547,115
81$3,065,719$1,027,990$698,839$2,740,147
82$3,329,582$1,029,520$673,409$2,951,304
83$3,618,820$1,029,588$645,589$3,182,408
84$3,935,974$1,028,072$615,250$3,435,467
85$4,283,840$1,024,844$582,258$3,712,697
86$4,665,500$1,019,770$546,472$4,016,537
87$5,084,348$1,012,705$507,746$4,349,677
88$5,544,122$1,003,498$465,926$4,715,081
89$6,048,939$991,987$420,852$5,116,016
90$6,603,337$978,000$372,356$5,556,084
91$7,212,311$961,356$320,264$6,039,254
92$7,881,367$941,862$264,392$6,569,900
93$8,616,568$919,316$204,552$7,152,845
94$9,424,597$893,500$140,542$7,793,403
95$10,312,811$864,188$72,157$8,497,432
96$11,289,322$831,137$0$9,271,389
97$12,363,061$794,091$0$10,122,443
98$13,543,872$752,780$0$11,063,319
99$14,842,599$706,918$0$12,098,052
100$16,271,190$656,203$0$13,236,189