Can I retire at age 65 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,348$70,713$70,093$69,488$68,897$67,951
2 years$35,321$34,663$34,026$33,407$32,808$31,857
3 years$23,313$22,653$22,017$21,404$20,815$19,888
4 years$17,311$16,652$16,023$15,421$14,845$13,950
5 years$13,710$13,055$12,434$11,845$11,285$10,424
6 years$11,311$10,661$10,049$9,472$8,930$8,103
7 years$9,597$8,953$8,350$7,788$7,262$6,471
8 years$8,313$7,674$7,082$6,533$6,025$5,268
9 years$7,314$6,682$6,100$5,565$5,074$4,352
10 years$6,516$5,890$5,318$4,797$4,323$3,636
11 years$5,863$5,243$4,682$4,175$3,718$3,064
12 years$5,320$4,706$4,155$3,662$3,222$2,601
13 years$4,860$4,253$3,712$3,233$2,810$2,221
14 years$4,467$3,866$3,335$2,870$2,463$1,905
15 years$4,126$3,531$3,011$2,559$2,168$1,641
16 years$3,828$3,240$2,730$2,291$1,916$1,418
17 years$3,565$2,984$2,484$2,059$1,699$1,229
18 years$3,332$2,757$2,268$1,855$1,511$1,068
19 years$3,124$2,555$2,076$1,677$1,347$929
20 years$2,936$2,375$1,905$1,518$1,203$810
21 years$2,767$2,212$1,753$1,378$1,076$708
22 years$2,614$2,065$1,615$1,253$965$619
23 years$2,474$1,931$1,491$1,141$866$542
24 years$2,345$1,809$1,379$1,041$779$475
25 years$2,228$1,698$1,278$951$701$417
26 years$2,119$1,596$1,185$869$631$366
27 years$2,019$1,502$1,100$795$569$321
28 years$1,926$1,415$1,023$729$513$282
29 years$1,839$1,335$952$668$464$248
30 years$1,759$1,261$887$613$419$219
31 years$1,684$1,192$827$563$379$192
32 years$1,613$1,128$771$518$343$169
33 years$1,547$1,068$720$476$310$149
34 years$1,485$1,012$673$438$281$131
35 years$1,427$960$629$403$254$116
36 years$1,372$911$588$371$230$102
37 years$1,320$865$551$342$209$90
38 years$1,271$823$516$315$189$79
39 years$1,225$782$483$291$172$70
40 years$1,181$744$453$268$156$62
41 years$1,140$708$425$247$141$54
42 years$1,100$675$398$228$128$48
43 years$1,062$643$374$211$116$42
44 years$1,027$613$351$195$106$37
45 years$992$584$329$180$96$33
46 years$960$557$309$166$87$29
47 years$929$532$291$153$79$26
48 years$899$508$273$142$72$23
49 years$871$485$257$131$65$20
50 years$844$463$241$121$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $864,000, adding $2,004 every year, while hoping to spend $25,762 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: 76/16/8 Blend
64$864,000$864,000$864,000$864,000
65$954,195$908,403$895,011$1,025,441
66$1,024,112$925,504$897,583$1,089,677
67$1,100,298$942,580$899,378$1,156,574
68$1,183,364$959,602$900,343$1,229,158
69$1,273,983$976,539$900,421$1,307,984
70$1,372,899$993,358$899,554$1,393,663
71$1,480,926$1,010,025$897,681$1,486,866
72$1,598,964$1,026,499$894,737$1,588,335
73$1,728,001$1,042,741$890,654$1,698,887
74$1,869,128$1,058,706$885,361$1,819,420
75$2,023,543$1,074,346$878,785$1,950,924
76$2,192,567$1,089,612$870,846$2,094,491
77$2,377,654$1,104,448$861,465$2,251,324
78$2,580,405$1,118,796$850,554$2,422,745
79$2,802,585$1,132,595$838,026$2,610,215
80$3,046,134$1,145,778$823,785$2,815,341
81$3,313,192$1,158,274$807,735$3,039,896
82$3,606,116$1,170,007$789,772$3,285,830
83$3,927,499$1,180,897$769,789$3,555,296
84$4,280,201$1,190,858$747,674$3,850,663
85$4,667,369$1,199,798$723,309$4,174,543
86$5,092,473$1,207,620$696,571$4,529,814
87$5,559,331$1,214,219$667,332$4,919,649
88$6,072,152$1,219,485$635,458$5,347,541
89$6,635,573$1,223,302$600,807$5,817,344
90$7,254,701$1,225,543$563,234$6,333,301
91$7,935,163$1,226,076$522,584$6,900,089
92$8,683,156$1,224,761$478,697$7,522,865
93$9,505,511$1,221,448$431,407$8,207,308
94$10,409,752$1,215,977$380,538$8,959,679
95$11,404,168$1,208,181$325,906$9,786,878
96$12,497,891$1,197,880$267,323$10,696,507
97$13,700,985$1,184,885$204,587$11,696,947
98$15,024,536$1,168,996$137,491$12,797,432
99$16,480,760$1,149,998$65,819$14,008,140
100$18,083,117$1,127,666$0$15,340,285