Can I retire at age 64 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$66,889$66,293$65,712$65,145$64,591$63,390
2 years$33,113$32,497$31,899$31,319$30,757$29,553
3 years$21,856$21,237$20,641$20,067$19,514$18,342
4 years$16,229$15,611$15,021$14,457$13,917$12,788
5 years$12,853$12,240$11,657$11,104$10,580$9,495
6 years$10,604$9,994$9,421$8,880$8,371$7,333
7 years$8,997$8,393$7,829$7,301$6,808$5,817
8 years$7,793$7,195$6,639$6,125$5,648$4,703
9 years$6,857$6,264$5,718$5,217$4,756$3,858
10 years$6,109$5,522$4,985$4,497$4,053$3,199
11 years$5,497$4,916$4,389$3,914$3,486$2,676
12 years$4,987$4,412$3,895$3,433$3,020$2,254
13 years$4,556$3,987$3,480$3,031$2,634$1,909
14 years$4,187$3,624$3,127$2,690$2,309$1,625
15 years$3,868$3,311$2,823$2,399$2,033$1,388
16 years$3,589$3,038$2,560$2,148$1,797$1,189
17 years$3,342$2,797$2,329$1,930$1,593$1,022
18 years$3,124$2,585$2,126$1,739$1,416$880
19 years$2,929$2,396$1,946$1,572$1,263$760
20 years$2,753$2,226$1,786$1,424$1,128$657
21 years$2,594$2,074$1,643$1,292$1,009$568
22 years$2,450$1,936$1,514$1,175$905$492
23 years$2,319$1,810$1,398$1,070$812$427
24 years$2,199$1,696$1,293$976$730$371
25 years$2,088$1,592$1,198$891$657$322
26 years$1,987$1,496$1,111$815$592$280
27 years$1,892$1,408$1,031$746$533$244
28 years$1,805$1,327$959$683$481$212
29 years$1,724$1,252$892$627$435$185
30 years$1,649$1,182$831$575$393$161
31 years$1,578$1,117$775$528$355$140
32 years$1,512$1,057$723$485$321$122
33 years$1,451$1,001$675$446$291$107
34 years$1,393$949$631$411$263$93
35 years$1,338$900$590$378$238$81
36 years$1,286$854$552$348$216$71
37 years$1,238$811$516$321$196$62
38 years$1,192$771$484$296$177$54
39 years$1,149$733$453$273$161$47
40 years$1,107$698$425$251$146$41
41 years$1,068$664$398$232$132$36
42 years$1,031$632$373$214$120$31
43 years$996$603$350$198$109$27
44 years$962$574$329$183$99$24
45 years$930$548$309$169$90$21
46 years$900$523$290$156$82$18
47 years$871$499$273$144$74$16
48 years$843$476$256$133$67$14
49 years$816$455$241$123$61$12
50 years$791$434$226$114$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $810,000, adding $2,741 every year, while hoping to spend $28,091 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: 53/23/24 Blend
63$810,000$810,000$810,000$810,000
64$895,447$852,517$839,962$936,819
65$956,894$864,402$838,212$977,541
66$1,023,667$875,928$835,462$1,018,708
67$1,096,280$887,047$831,649$1,062,927
68$1,175,298$897,709$826,707$1,110,498
69$1,261,342$907,861$820,565$1,161,754
70$1,355,097$917,444$813,152$1,217,064
71$1,457,315$926,397$804,391$1,276,834
72$1,568,826$934,655$794,202$1,341,511
73$1,690,541$942,148$782,503$1,411,591
74$1,823,464$948,801$769,205$1,487,622
75$1,968,700$954,535$754,216$1,570,206
76$2,127,467$959,267$737,442$1,660,011
77$2,301,104$962,907$718,782$1,757,772
78$2,491,086$965,358$698,130$1,864,302
79$2,699,037$966,521$675,378$1,980,498
80$2,926,746$966,288$650,410$2,107,351
81$3,176,182$964,543$623,106$2,245,953
82$3,449,514$961,167$593,342$2,397,512
83$3,749,130$956,031$560,985$2,563,358
84$4,077,663$948,997$525,899$2,744,961
85$4,438,008$939,921$487,940$2,943,944
86$4,833,357$928,651$446,959$3,162,096
87$5,267,227$915,022$402,799$3,401,393
88$5,743,489$898,862$355,297$3,664,014
89$6,266,408$879,989$304,283$3,952,364
90$6,840,682$858,210$249,577$4,269,096
91$7,471,489$833,319$190,995$4,617,139
92$8,164,529$805,100$128,342$4,999,722
93$8,926,084$773,323$61,414$5,420,408
94$9,763,074$737,746$0$5,883,127
95$10,683,123$698,110$0$6,394,780
96$11,694,629$654,145$0$6,974,537
97$12,806,847$605,564$0$7,611,987
98$14,029,971$552,062$0$8,313,013
99$15,375,233$493,319$0$9,084,096
100$16,855,010$428,994$0$9,932,383