Can I retire at age 65 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$70,192$69,567$68,957$68,362$67,780$66,657
2 years$34,749$34,101$33,474$32,866$32,276$31,148
3 years$22,936$22,286$21,660$21,058$20,477$19,379
4 years$17,030$16,382$15,763$15,171$14,605$13,545
5 years$13,488$12,844$12,233$11,653$11,102$10,084
6 years$11,127$10,488$9,886$9,319$8,785$7,809
7 years$9,442$8,808$8,215$7,661$7,144$6,212
8 years$8,178$7,550$6,967$6,427$5,927$5,037
9 years$7,196$6,574$6,001$5,474$4,991$4,144
10 years$6,410$5,794$5,232$4,719$4,253$3,447
11 years$5,768$5,158$4,606$4,107$3,658$2,893
12 years$5,234$4,630$4,088$3,602$3,170$2,444
13 years$4,781$4,184$3,652$3,180$2,764$2,077
14 years$4,394$3,803$3,281$2,823$2,423$1,774
15 years$4,059$3,474$2,963$2,518$2,133$1,520
16 years$3,766$3,188$2,686$2,254$1,885$1,308
17 years$3,507$2,936$2,444$2,026$1,672$1,128
18 years$3,278$2,713$2,231$1,825$1,486$975
19 years$3,073$2,514$2,043$1,649$1,325$844
20 years$2,889$2,336$1,875$1,494$1,183$732
21 years$2,722$2,176$1,724$1,356$1,059$636
22 years$2,571$2,031$1,589$1,233$949$553
23 years$2,433$1,900$1,467$1,123$852$482
24 years$2,307$1,780$1,357$1,024$766$420
25 years$2,191$1,670$1,257$935$689$367
26 years$2,085$1,570$1,166$855$621$320
27 years$1,986$1,478$1,082$783$560$279
28 years$1,894$1,392$1,006$717$505$244
29 years$1,809$1,313$936$658$456$214
30 years$1,730$1,240$872$603$412$187
31 years$1,656$1,173$813$554$373$163
32 years$1,587$1,109$759$509$337$143
33 years$1,522$1,051$708$468$305$125
34 years$1,461$996$662$431$276$110
35 years$1,404$945$619$397$250$96
36 years$1,350$897$579$365$227$84
37 years$1,299$851$542$337$205$74
38 years$1,251$809$507$310$186$65
39 years$1,205$769$475$286$169$57
40 years$1,162$732$446$264$153$50
41 years$1,121$697$418$243$139$44
42 years$1,082$664$392$225$126$38
43 years$1,045$632$368$207$114$33
44 years$1,010$603$345$192$104$29
45 years$976$575$324$177$94$26
46 years$944$548$304$163$86$23
47 years$914$523$286$151$78$20
48 years$885$500$269$139$71$17
49 years$857$477$253$129$64$15
50 years$830$456$238$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $850,000, adding $2,050 every year, while hoping to spend $33,429 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: 51/28/21 Blend
64$850,000$850,000$850,000$850,000
65$938,815$893,765$880,590$981,114
66$999,005$901,991$874,521$1,018,784
67$1,064,215$909,500$867,129$1,056,116
68$1,134,921$916,221$858,334$1,096,003
69$1,211,647$922,079$848,051$1,138,701
70$1,294,969$926,995$836,195$1,184,489
71$1,385,521$930,884$822,673$1,233,681
72$1,484,001$933,654$807,390$1,286,621
73$1,591,177$935,211$790,245$1,343,691
74$1,707,893$935,452$771,134$1,405,311
75$1,835,078$934,269$749,947$1,471,951
76$1,973,754$931,547$726,569$1,544,124
77$2,125,048$927,163$700,880$1,622,402
78$2,290,198$920,989$672,754$1,707,417
79$2,470,568$912,887$642,060$1,799,865
80$2,667,658$902,711$608,662$1,900,518
81$2,883,122$890,307$572,415$2,010,229
82$3,118,779$875,511$533,170$2,129,940
83$3,376,634$858,150$490,770$2,260,691
84$3,658,891$838,039$445,051$2,403,634
85$3,967,980$814,986$395,843$2,560,040
86$4,306,577$788,783$342,966$2,731,312
87$4,677,627$759,212$286,235$2,919,003
88$5,084,375$726,044$225,454$3,124,827
89$5,530,395$689,034$160,421$3,350,675
90$6,019,623$647,924$90,922$3,598,639
91$6,556,393$602,441$16,737$3,871,026
92$7,145,481$552,297$0$4,170,386
93$7,792,147$497,186$0$4,513,522
94$8,502,184$436,786$0$4,894,463
95$9,281,975$370,757$0$5,312,941
96$10,138,551$298,738$0$5,772,803
97$11,079,656$220,349$0$6,278,289
98$12,113,824$135,189$0$6,834,076
99$13,250,454$42,834$0$7,445,322
100$14,499,903$0$0$8,117,716