Can I retire at age 65 with 841,000?

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 $841,000?

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$69,449$68,830$68,227$67,638$67,063$66,668
2 years$34,381$33,740$33,120$32,518$31,935$31,536
3 years$22,693$22,050$21,431$20,835$20,261$19,871
4 years$16,850$16,209$15,596$15,010$14,450$14,072
5 years$13,345$12,708$12,103$11,529$10,985$10,620
6 years$11,009$10,377$9,781$9,220$8,692$8,341
7 years$9,342$8,715$8,128$7,580$7,069$6,731
8 years$8,091$7,470$6,893$6,359$5,864$5,540
9 years$7,120$6,504$5,937$5,416$4,939$4,628
10 years$6,343$5,733$5,176$4,669$4,208$3,911
11 years$5,707$5,104$4,557$4,063$3,619$3,335
12 years$5,178$4,581$4,044$3,564$3,136$2,865
13 years$4,731$4,140$3,613$3,147$2,735$2,476
14 years$4,348$3,763$3,247$2,793$2,397$2,151
15 years$4,016$3,437$2,931$2,491$2,111$1,877
16 years$3,726$3,154$2,658$2,230$1,865$1,643
17 years$3,470$2,905$2,418$2,004$1,654$1,443
18 years$3,243$2,684$2,208$1,806$1,471$1,271
19 years$3,041$2,487$2,021$1,632$1,311$1,121
20 years$2,858$2,311$1,855$1,478$1,171$992
21 years$2,694$2,153$1,706$1,341$1,048$878
22 years$2,544$2,010$1,572$1,220$939$779
23 years$2,408$1,880$1,452$1,111$843$692
24 years$2,283$1,761$1,343$1,013$758$616
25 years$2,168$1,653$1,244$925$682$548
26 years$2,063$1,553$1,153$846$614$488
27 years$1,965$1,462$1,071$774$554$436
28 years$1,874$1,378$996$709$500$389
29 years$1,790$1,300$926$651$451$347
30 years$1,712$1,227$863$597$408$310
31 years$1,639$1,160$805$548$369$277
32 years$1,570$1,098$751$504$333$248
33 years$1,506$1,040$701$463$302$222
34 years$1,446$985$655$426$273$199
35 years$1,389$935$612$393$247$178
36 years$1,336$887$573$362$224$159
37 years$1,285$842$536$333$203$143
38 years$1,238$801$502$307$184$128
39 years$1,193$761$470$283$167$114
40 years$1,150$724$441$261$152$103
41 years$1,109$689$413$241$137$92
42 years$1,071$657$388$222$125$82
43 years$1,034$626$364$205$113$74
44 years$999$596$342$189$103$66
45 years$966$569$321$175$93$59
46 years$934$543$301$162$85$53
47 years$904$518$283$149$77$48
48 years$875$494$266$138$70$43
49 years$848$472$250$128$63$39
50 years$821$451$235$118$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $841,000, adding $4,459 every year, while hoping to spend $57,339 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: 44/39/17 Blend
64$841,000$841,000$841,000$841,000
65$931,381$886,808$873,773$967,607
66$965,374$869,254$842,036$975,904
67$1,000,912$848,917$807,314$978,849
68$1,038,093$825,602$769,447$980,824
69$1,077,021$799,099$728,266$981,764
70$1,117,811$769,189$683,597$981,605
71$1,160,586$735,637$635,256$980,278
72$1,205,480$698,198$583,051$977,713
73$1,252,639$656,609$526,783$973,840
74$1,302,219$610,594$466,241$968,585
75$1,354,394$559,862$401,209$961,875
76$1,409,351$504,103$331,458$953,632
77$1,467,292$442,992$256,749$943,782
78$1,528,440$376,183$176,835$932,248
79$1,593,038$303,312$91,455$918,951
80$1,661,348$223,995$339$903,815
81$1,733,659$137,824$0$886,765
82$1,810,285$44,371$0$885,301
83$1,891,571$0$0$882,983
84$1,977,892$0$0$904,119
85$2,069,660$0$0$946,885
86$2,167,323$0$0$992,456
87$2,271,375$0$0$1,041,067
88$2,382,354$0$0$1,092,980
89$2,500,851$0$0$1,148,478
90$2,627,513$0$0$1,207,874
91$2,763,048$0$0$1,271,509
92$2,908,236$0$0$1,339,758
93$3,063,928$0$0$1,413,033
94$3,231,061$0$0$1,491,785
95$3,410,662$0$0$1,576,511
96$3,603,859$0$0$1,667,755
97$3,811,888$0$0$1,766,114
98$4,036,111$0$0$1,872,246
99$4,278,019$0$0$1,986,872
100$4,539,255$0$0$2,110,785