Can I retire at age 65 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$69,944$69,321$68,714$68,120$67,541$67,031
2 years$34,626$33,981$33,356$32,750$32,162$31,648
3 years$22,855$22,207$21,584$20,983$20,405$19,903
4 years$16,970$16,325$15,707$15,117$14,553$14,066
5 years$13,440$12,799$12,190$11,612$11,063$10,593
6 years$11,088$10,451$9,851$9,286$8,754$8,302
7 years$9,408$8,777$8,186$7,634$7,119$6,685
8 years$8,149$7,523$6,943$6,404$5,906$5,490
9 years$7,170$6,550$5,980$5,455$4,974$4,575
10 years$6,388$5,774$5,213$4,702$4,238$3,857
11 years$5,748$5,140$4,590$4,092$3,645$3,281
12 years$5,215$4,613$4,073$3,590$3,158$2,812
13 years$4,765$4,169$3,639$3,169$2,754$2,424
14 years$4,379$3,790$3,270$2,813$2,414$2,100
15 years$4,045$3,462$2,952$2,509$2,126$1,827
16 years$3,753$3,176$2,677$2,246$1,879$1,595
17 years$3,495$2,925$2,436$2,018$1,666$1,397
18 years$3,267$2,703$2,223$1,819$1,481$1,227
19 years$3,062$2,505$2,035$1,644$1,320$1,080
20 years$2,879$2,328$1,868$1,489$1,179$952
21 years$2,713$2,168$1,718$1,351$1,055$841
22 years$2,562$2,024$1,584$1,228$946$744
23 years$2,425$1,893$1,462$1,119$849$659
24 years$2,299$1,774$1,352$1,020$763$584
25 years$2,184$1,665$1,252$932$687$518
26 years$2,077$1,564$1,162$852$619$461
27 years$1,979$1,472$1,079$780$558$409
28 years$1,888$1,387$1,003$715$503$364
29 years$1,803$1,309$933$655$454$324
30 years$1,724$1,236$869$601$411$289
31 years$1,650$1,168$810$552$371$257
32 years$1,581$1,106$756$508$336$229
33 years$1,517$1,047$706$467$304$204
34 years$1,456$992$660$429$275$182
35 years$1,399$941$617$395$249$163
36 years$1,345$893$577$364$226$145
37 years$1,294$848$540$335$205$130
38 years$1,246$806$506$309$186$116
39 years$1,201$767$474$285$168$103
40 years$1,158$730$444$263$153$92
41 years$1,117$694$416$243$138$83
42 years$1,078$661$391$224$126$74
43 years$1,041$630$366$207$114$66
44 years$1,006$601$344$191$103$59
45 years$973$573$323$176$94$53
46 years$941$546$303$163$85$47
47 years$911$521$285$150$77$42
48 years$881$498$268$139$70$38
49 years$854$475$252$128$64$34
50 years$827$454$237$119$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $847,000, adding $4,102 every year, while hoping to spend $38,928 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: 29/48/23 Blend
64$847,000$847,000$847,000$847,000
65$937,625$892,734$879,606$957,985
66$991,844$895,059$867,653$976,418
67$1,050,288$896,193$853,996$992,499
68$1,113,348$896,037$838,535$1,008,980
69$1,181,452$894,485$821,168$1,025,919
70$1,255,070$891,425$801,788$1,043,386
71$1,334,720$886,738$780,281$1,061,458
72$1,420,972$880,298$756,530$1,080,226
73$1,514,449$871,971$730,412$1,099,794
74$1,615,840$861,615$701,798$1,120,279
75$1,725,901$849,079$670,553$1,141,815
76$1,845,463$834,204$636,537$1,164,554
77$1,975,441$816,821$599,602$1,188,668
78$2,116,842$796,751$559,595$1,214,353
79$2,270,773$773,805$516,354$1,241,829
80$2,438,452$747,782$469,713$1,271,345
81$2,621,221$718,470$419,494$1,303,180
82$2,820,554$685,643$365,516$1,337,649
83$3,038,076$649,066$307,587$1,375,108
84$3,275,575$608,485$245,506$1,415,952
85$3,535,019$563,636$179,066$1,460,628
86$3,818,574$514,238$108,048$1,509,635
87$4,128,626$459,992$32,225$1,563,532
88$4,467,801$400,587$0$1,622,944
89$4,838,990$335,689$0$1,700,518
90$5,245,378$264,949$0$1,794,301
91$5,690,471$187,996$0$1,897,311
92$6,178,130$104,439$0$2,010,583
93$6,712,609$13,866$0$2,135,269
94$7,298,590$0$0$2,272,646
95$7,941,232$0$0$2,468,582
96$8,646,216$0$0$2,691,699
97$9,419,800$0$0$2,936,670
98$10,268,878$0$0$3,205,697
99$11,201,042$0$0$3,501,203
100$12,224,656$0$0$3,825,859