Can I retire at age 65 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,853$70,222$69,606$69,005$68,418$67,174
2 years$35,076$34,422$33,789$33,175$32,580$31,331
3 years$23,151$22,495$21,864$21,256$20,670$19,455
4 years$17,191$16,537$15,911$15,314$14,742$13,571
5 years$13,615$12,965$12,348$11,762$11,207$10,082
6 years$11,232$10,587$9,979$9,406$8,867$7,791
7 years$9,531$8,891$8,293$7,734$7,212$6,183
8 years$8,255$7,621$7,033$6,487$5,983$5,002
9 years$7,264$6,635$6,057$5,526$5,038$4,106
10 years$6,471$5,849$5,281$4,763$4,293$3,407
11 years$5,823$5,207$4,649$4,146$3,692$2,852
12 years$5,283$4,673$4,126$3,636$3,199$2,403
13 years$4,826$4,223$3,686$3,210$2,790$2,037
14 years$4,436$3,839$3,312$2,850$2,446$1,735
15 years$4,097$3,507$2,990$2,541$2,153$1,483
16 years$3,801$3,218$2,711$2,276$1,903$1,272
17 years$3,541$2,963$2,467$2,045$1,687$1,094
18 years$3,309$2,738$2,252$1,843$1,500$942
19 years$3,102$2,538$2,062$1,665$1,337$814
20 years$2,916$2,358$1,892$1,508$1,195$704
21 years$2,748$2,197$1,740$1,369$1,069$610
22 years$2,595$2,050$1,604$1,244$958$529
23 years$2,456$1,918$1,481$1,133$860$459
24 years$2,329$1,797$1,370$1,034$773$399
25 years$2,212$1,686$1,269$944$696$347
26 years$2,104$1,585$1,177$863$627$302
27 years$2,005$1,491$1,093$790$565$263
28 years$1,912$1,405$1,016$724$510$229
29 years$1,826$1,326$945$664$460$200
30 years$1,747$1,252$880$609$416$174
31 years$1,672$1,184$821$559$376$152
32 years$1,602$1,120$766$514$340$132
33 years$1,537$1,061$715$473$308$116
34 years$1,475$1,005$668$435$279$101
35 years$1,417$953$625$400$252$88
36 years$1,363$905$584$369$229$77
37 years$1,311$859$547$340$207$67
38 years$1,263$817$512$313$188$59
39 years$1,217$777$480$289$170$51
40 years$1,173$739$450$266$155$45
41 years$1,132$703$422$246$140$39
42 years$1,092$670$396$227$127$34
43 years$1,055$638$371$209$115$30
44 years$1,019$608$348$193$105$26
45 years$986$580$327$179$95$23
46 years$953$553$307$165$86$20
47 years$922$528$289$152$78$17
48 years$893$504$271$141$71$15
49 years$865$482$255$130$65$13
50 years$838$460$240$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $858,000, adding $2,443 every year, while hoping to spend $21,169 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: 69/7/24 Blend
64$858,000$858,000$858,000$858,000
65$948,036$902,562$889,263$1,007,509
66$1,022,212$924,264$896,530$1,069,357
67$1,103,244$946,320$903,330$1,134,337
68$1,191,810$968,724$909,627$1,204,948
69$1,288,655$991,472$915,379$1,281,745
70$1,394,599$1,014,555$920,546$1,365,344
71$1,510,547$1,037,967$925,083$1,456,418
72$1,637,492$1,061,697$928,943$1,555,712
73$1,776,532$1,085,735$932,077$1,664,048
74$1,928,871$1,110,070$934,435$1,782,328
75$2,095,841$1,134,688$935,963$1,911,549
76$2,278,903$1,159,574$936,604$2,052,809
77$2,479,670$1,184,712$936,300$2,207,317
78$2,699,917$1,210,084$934,987$2,376,408
79$2,941,600$1,235,669$932,600$2,561,550
80$3,206,873$1,261,447$929,072$2,764,363
81$3,498,108$1,287,392$924,330$2,986,631
82$3,817,920$1,313,479$918,300$3,230,322
83$4,169,187$1,339,679$910,903$3,497,603
84$4,555,082$1,365,960$902,055$3,790,863
85$4,979,098$1,392,290$891,671$4,112,736
86$5,445,084$1,418,630$879,661$4,466,122
87$5,957,282$1,444,942$865,928$4,854,221
88$6,520,363$1,471,183$850,375$5,280,557
89$7,139,474$1,497,305$832,897$5,749,015
90$7,820,287$1,523,260$813,386$6,263,876
91$8,569,050$1,548,993$791,728$6,829,860
92$9,392,645$1,574,446$767,803$7,452,166
93$10,298,659$1,599,557$741,488$8,136,528
94$11,295,446$1,624,260$712,652$8,889,260
95$12,392,215$1,648,482$681,160$9,717,327
96$13,599,111$1,672,148$646,868$10,628,401
97$14,927,311$1,695,173$609,629$11,630,939
98$16,389,131$1,717,472$569,286$12,734,261
99$17,998,143$1,738,949$525,678$13,948,639
100$19,769,300$1,759,504$478,635$15,285,394