Can I retire at age 65 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$69,614$68,994$68,389$67,799$67,222$64,734
2 years$34,462$33,821$33,199$32,595$32,010$29,532
3 years$22,747$22,102$21,482$20,884$20,309$17,918
4 years$16,890$16,247$15,633$15,046$14,484$12,199
5 years$13,377$12,738$12,132$11,557$11,011$8,837
6 years$11,036$10,402$9,804$9,242$8,712$6,652
7 years$9,364$8,735$8,148$7,598$7,086$5,137
8 years$8,111$7,488$6,910$6,374$5,878$4,041
9 years$7,137$6,519$5,951$5,429$4,950$3,221
10 years$6,358$5,747$5,189$4,680$4,218$2,594
11 years$5,721$5,116$4,568$4,073$3,628$2,106
12 years$5,190$4,592$4,054$3,573$3,144$1,719
13 years$4,742$4,150$3,622$3,154$2,741$1,411
14 years$4,358$3,772$3,254$2,800$2,403$1,163
15 years$4,025$3,446$2,938$2,497$2,116$961
16 years$3,735$3,161$2,664$2,236$1,870$796
17 years$3,479$2,911$2,424$2,009$1,658$661
18 years$3,251$2,690$2,213$1,810$1,474$550
19 years$3,048$2,493$2,026$1,636$1,314$458
20 years$2,865$2,317$1,859$1,482$1,174$382
21 years$2,700$2,158$1,710$1,345$1,050$319
22 years$2,550$2,015$1,576$1,223$941$266
23 years$2,413$1,884$1,455$1,113$845$223
24 years$2,288$1,765$1,346$1,015$760$186
25 years$2,173$1,657$1,247$927$684$156
26 years$2,067$1,557$1,156$848$616$131
27 years$1,970$1,465$1,074$776$555$109
28 years$1,879$1,381$998$711$501$92
29 years$1,795$1,303$929$652$452$77
30 years$1,716$1,230$865$598$409$64
31 years$1,643$1,163$806$550$369$54
32 years$1,574$1,100$752$505$334$45
33 years$1,510$1,042$703$465$302$38
34 years$1,449$988$656$427$274$32
35 years$1,392$937$614$393$248$27
36 years$1,339$889$574$362$225$22
37 years$1,288$844$537$334$204$19
38 years$1,241$803$503$308$185$16
39 years$1,195$763$471$284$167$13
40 years$1,153$726$442$262$152$11
41 years$1,112$691$414$241$138$9
42 years$1,073$658$389$223$125$8
43 years$1,037$627$365$206$113$7
44 years$1,002$598$342$190$103$5
45 years$968$570$321$175$94$5
46 years$937$544$302$162$85$4
47 years$906$519$284$150$77$3
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$2
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $843,000, adding $5,100 every year, while hoping to spend $44,307 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: 61/33/6 Blend
64$843,000$843,000$843,000$843,000
65$934,247$889,568$876,501$989,890
66$982,398$886,014$858,722$1,024,138
67$1,033,975$880,802$838,862$1,055,893
68$1,089,281$873,802$816,804$1,089,403
69$1,148,649$864,879$792,428$1,124,838
70$1,212,442$853,889$765,606$1,162,385
71$1,281,061$840,680$736,204$1,202,251
72$1,354,945$825,089$704,082$1,244,668
73$1,434,577$806,946$669,096$1,289,892
74$1,520,486$786,068$631,093$1,338,206
75$1,613,255$762,265$589,914$1,389,927
76$1,713,523$735,332$545,392$1,445,402
77$1,821,993$705,054$497,354$1,505,021
78$1,939,439$671,204$445,617$1,569,212
79$2,066,709$633,541$389,993$1,638,452
80$2,204,739$591,810$330,284$1,713,268
81$2,354,555$545,741$266,281$1,794,246
82$2,517,288$495,051$197,770$1,882,033
83$2,694,181$439,438$124,524$1,977,346
84$2,886,601$378,583$46,309$2,080,981
85$3,096,052$312,152$0$2,193,817
86$3,324,191$239,789$0$2,319,207
87$3,572,838$161,118$0$2,459,171
88$3,844,000$75,745$0$2,611,949
89$4,139,881$0$0$2,778,882
90$4,462,912$0$0$2,967,531
91$4,815,767$0$0$3,203,702
92$5,201,388$0$0$3,461,868
93$5,623,017$0$0$3,744,205
94$6,084,220$0$0$4,053,111
95$6,588,928$0$0$4,391,225
96$7,141,466$0$0$4,761,456
97$7,746,597$0$0$5,167,003
98$8,409,568$0$0$5,611,392
99$9,136,155$0$0$6,098,505
100$9,932,722$0$0$6,632,619