Can I retire at age 65 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$69,119$68,503$67,902$67,316$66,744$66,157
2 years$34,217$33,580$32,962$32,363$31,783$31,191
3 years$22,585$21,945$21,329$20,736$20,164$19,587
4 years$16,770$16,132$15,522$14,939$14,381$13,822
5 years$13,282$12,648$12,046$11,474$10,932$10,393
6 years$10,957$10,328$9,735$9,176$8,650$8,132
7 years$9,297$8,673$8,090$7,544$7,035$6,537
8 years$8,053$7,434$6,861$6,329$5,836$5,359
9 years$7,086$6,473$5,909$5,391$4,915$4,458
10 years$6,312$5,706$5,152$4,647$4,188$3,752
11 years$5,680$5,079$4,535$4,044$3,602$3,186
12 years$5,153$4,559$4,025$3,547$3,121$2,725
13 years$4,708$4,120$3,596$3,132$2,722$2,344
14 years$4,327$3,745$3,231$2,780$2,386$2,027
15 years$3,997$3,421$2,917$2,479$2,101$1,760
16 years$3,708$3,139$2,645$2,220$1,857$1,534
17 years$3,454$2,891$2,407$1,995$1,646$1,341
18 years$3,228$2,671$2,197$1,797$1,464$1,175
19 years$3,026$2,476$2,011$1,624$1,305$1,032
20 years$2,845$2,300$1,846$1,471$1,165$908
21 years$2,681$2,143$1,698$1,335$1,043$800
22 years$2,532$2,000$1,565$1,214$935$706
23 years$2,396$1,871$1,445$1,105$839$624
24 years$2,272$1,753$1,336$1,008$754$552
25 years$2,158$1,645$1,238$921$679$489
26 years$2,053$1,546$1,148$842$611$433
27 years$1,956$1,455$1,066$771$551$384
28 years$1,865$1,371$991$706$497$341
29 years$1,782$1,293$922$647$449$303
30 years$1,704$1,221$859$594$406$269
31 years$1,631$1,155$801$546$367$239
32 years$1,563$1,093$747$502$332$212
33 years$1,499$1,035$698$461$300$189
34 years$1,439$981$652$424$272$168
35 years$1,383$930$609$391$246$150
36 years$1,329$883$570$360$223$133
37 years$1,279$838$534$331$202$119
38 years$1,232$797$500$306$183$106
39 years$1,187$758$468$282$166$94
40 years$1,144$721$439$260$151$84
41 years$1,104$686$411$240$137$75
42 years$1,066$654$386$221$124$67
43 years$1,029$623$362$204$113$59
44 years$994$594$340$189$102$53
45 years$961$566$319$174$93$47
46 years$930$540$300$161$84$42
47 years$900$515$282$149$77$37
48 years$871$492$265$137$70$33
49 years$844$470$249$127$63$30
50 years$817$449$234$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $837,000, adding $5,293 every year, while hoping to spend $26,288 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: 39/38/23 Blend
64$837,000$837,000$837,000$837,000
65$927,834$883,473$870,499$957,495
66$994,503$898,793$871,691$994,748
67$1,067,091$913,982$872,041$1,032,141
68$1,146,174$929,007$871,494$1,072,049
69$1,232,386$943,831$869,992$1,114,715
70$1,326,425$958,414$867,472$1,160,409
71$1,429,058$972,715$863,870$1,209,429
72$1,541,131$986,687$859,119$1,262,104
73$1,663,574$1,000,282$853,148$1,318,798
74$1,797,412$1,013,449$845,881$1,379,913
75$1,943,772$1,026,133$837,242$1,445,892
76$2,103,896$1,038,272$827,149$1,517,228
77$2,279,152$1,049,806$815,517$1,594,461
78$2,471,044$1,060,665$802,255$1,678,190
79$2,681,231$1,070,778$787,271$1,769,078
80$2,911,538$1,080,067$770,466$1,867,855
81$3,163,976$1,088,452$751,739$1,975,329
82$3,440,761$1,095,845$730,981$2,092,391
83$3,744,330$1,102,153$708,080$2,220,025
84$4,077,370$1,107,277$682,919$2,359,320
85$4,442,841$1,111,113$655,376$2,511,475
86$4,844,001$1,113,548$625,322$2,677,818
87$5,284,442$1,114,465$592,623$2,859,811
88$5,768,118$1,113,736$557,138$3,059,072
89$6,299,385$1,111,228$518,722$3,277,384
90$6,883,044$1,106,800$477,220$3,516,717
91$7,524,381$1,100,300$432,474$3,779,246
92$8,229,221$1,091,568$384,315$4,067,371
93$9,003,982$1,080,435$332,570$4,383,740
94$9,855,733$1,066,721$277,056$4,731,277
95$10,792,263$1,050,236$217,582$5,113,209
96$11,822,153$1,030,776$153,951$5,533,096
97$12,954,858$1,008,130$85,953$5,994,867
98$14,200,794$982,069$13,374$6,502,857
99$15,571,439$952,354$0$7,061,850
100$17,079,438$918,732$0$7,692,849