Can I retire at age 64 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$66,972$66,375$65,793$65,225$64,670$62,675
2 years$33,154$32,537$31,938$31,358$30,795$28,803
3 years$21,883$21,263$20,666$20,091$19,538$17,611
4 years$16,249$15,631$15,040$14,475$13,935$12,087
5 years$12,869$12,255$11,671$11,118$10,593$8,830
6 years$10,617$10,007$9,432$8,891$8,382$6,705
7 years$9,008$8,404$7,838$7,310$6,817$5,226
8 years$7,803$7,204$6,647$6,132$5,655$4,150
9 years$6,866$6,272$5,725$5,223$4,762$3,341
10 years$6,116$5,528$4,992$4,502$4,058$2,718
11 years$5,504$4,922$4,395$3,918$3,490$2,229
12 years$4,993$4,417$3,900$3,437$3,024$1,840
13 years$4,562$3,992$3,484$3,034$2,637$1,526
14 years$4,193$3,629$3,131$2,694$2,312$1,271
15 years$3,873$3,315$2,827$2,402$2,035$1,063
16 years$3,593$3,041$2,563$2,151$1,799$891
17 years$3,347$2,801$2,332$1,933$1,595$749
18 years$3,128$2,588$2,129$1,742$1,418$630
19 years$2,932$2,399$1,949$1,574$1,264$531
20 years$2,756$2,229$1,789$1,425$1,129$449
21 years$2,597$2,076$1,645$1,294$1,010$379
22 years$2,453$1,938$1,516$1,176$906$321
23 years$2,322$1,813$1,400$1,071$813$272
24 years$2,201$1,698$1,295$977$731$230
25 years$2,091$1,594$1,199$892$658$195
26 years$1,989$1,498$1,112$816$592$165
27 years$1,895$1,410$1,033$747$534$140
28 years$1,808$1,328$960$684$482$119
29 years$1,726$1,253$893$627$435$101
30 years$1,651$1,183$832$576$393$86
31 years$1,580$1,119$776$529$355$73
32 years$1,514$1,059$724$486$322$62
33 years$1,452$1,003$676$447$291$53
34 years$1,394$950$632$411$263$45
35 years$1,340$901$590$379$239$38
36 years$1,288$855$552$349$216$32
37 years$1,239$812$517$321$196$27
38 years$1,193$772$484$296$178$23
39 years$1,150$734$454$273$161$20
40 years$1,109$698$425$252$146$17
41 years$1,070$665$399$232$133$14
42 years$1,033$633$374$214$120$12
43 years$997$603$351$198$109$10
44 years$964$575$329$183$99$9
45 years$932$548$309$169$90$7
46 years$901$523$290$156$82$6
47 years$872$499$273$144$74$5
48 years$844$477$256$133$67$5
49 years$817$455$241$123$61$4
50 years$792$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $811,000, adding $4,394 every year, while hoping to spend $45,835 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: 61/9/30 Blend
63$811,000$811,000$811,000$811,000
64$898,254$855,271$842,701$945,503
65$941,108$848,412$822,163$971,382
66$986,797$839,680$799,401$994,331
67$1,035,561$828,935$774,293$1,018,433
68$1,087,665$816,029$746,708$1,043,813
69$1,143,398$800,805$716,513$1,070,607
70$1,203,076$783,097$683,568$1,098,971
71$1,267,047$762,726$647,725$1,129,075
72$1,335,694$739,507$608,831$1,161,111
73$1,409,433$713,241$566,726$1,195,292
74$1,488,725$683,720$521,241$1,231,855
75$1,574,074$650,721$472,202$1,271,064
76$1,666,034$614,011$419,425$1,313,213
77$1,765,213$573,341$362,719$1,358,627
78$1,872,279$528,449$301,885$1,407,670
79$1,987,967$479,059$236,713$1,460,745
80$2,113,084$424,877$166,987$1,518,299
81$2,248,516$365,594$92,479$1,580,829
82$2,395,240$300,883$12,952$1,648,886
83$2,554,326$230,398$0$1,723,082
84$2,726,955$153,775$0$1,827,115
85$2,914,423$70,628$0$1,944,639
86$3,118,155$0$0$2,072,421
87$3,339,723$0$0$2,213,403
88$3,580,850$0$0$2,374,497
89$3,843,438$0$0$2,549,986
90$4,129,576$0$0$2,741,274
91$4,441,564$0$0$2,949,905
92$4,781,934$0$0$3,177,581
93$5,153,473$0$0$3,426,174
94$5,559,249$0$0$3,697,744
95$6,002,637$0$0$3,994,561
96$6,487,355$0$0$4,319,121
97$7,017,497$0$0$4,674,177
98$7,597,569$0$0$5,062,754
99$8,232,534$0$0$5,488,189
100$8,927,855$0$0$5,954,152