Can I retire at age 64 with 812,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,054$66,457$65,874$65,305$64,750$64,396
2 years$33,195$32,577$31,978$31,397$30,833$30,476
3 years$21,910$21,289$20,692$20,116$19,562$19,213
4 years$16,269$15,650$15,058$14,493$13,952$13,613
5 years$12,885$12,270$11,686$11,132$10,606$10,279
6 years$10,630$10,019$9,444$8,902$8,392$8,077
7 years$9,020$8,414$7,848$7,319$6,825$6,522
8 years$7,812$7,212$6,656$6,140$5,662$5,371
9 years$6,874$6,280$5,733$5,230$4,768$4,489
10 years$6,124$5,535$4,998$4,508$4,063$3,796
11 years$5,510$4,928$4,400$3,923$3,494$3,239
12 years$5,000$4,423$3,905$3,441$3,028$2,784
13 years$4,568$3,997$3,489$3,038$2,640$2,408
14 years$4,198$3,633$3,135$2,697$2,315$2,093
15 years$3,877$3,319$2,830$2,405$2,038$1,827
16 years$3,597$3,045$2,566$2,154$1,801$1,601
17 years$3,351$2,804$2,335$1,935$1,597$1,407
18 years$3,132$2,591$2,131$1,744$1,420$1,240
19 years$2,936$2,402$1,951$1,576$1,266$1,095
20 years$2,760$2,232$1,791$1,427$1,131$969
21 years$2,601$2,079$1,647$1,295$1,012$859
22 years$2,456$1,940$1,518$1,178$907$763
23 years$2,325$1,815$1,402$1,072$814$678
24 years$2,204$1,700$1,296$978$732$603
25 years$2,093$1,596$1,201$893$658$538
26 years$1,991$1,500$1,114$817$593$479
27 years$1,897$1,411$1,034$748$535$428
28 years$1,810$1,330$961$685$482$382
29 years$1,729$1,255$895$628$436$342
30 years$1,653$1,185$833$576$394$305
31 years$1,582$1,120$777$529$356$273
32 years$1,516$1,060$725$487$322$245
33 years$1,454$1,004$677$447$291$219
34 years$1,396$951$632$412$264$196
35 years$1,341$902$591$379$239$176
36 years$1,290$856$553$349$216$158
37 years$1,241$813$518$322$196$141
38 years$1,195$773$485$296$178$127
39 years$1,151$735$454$273$161$114
40 years$1,110$699$426$252$146$102
41 years$1,071$666$399$233$133$91
42 years$1,034$634$374$215$120$82
43 years$998$604$351$198$109$74
44 years$965$576$330$183$99$66
45 years$933$549$310$169$90$59
46 years$902$524$291$156$82$53
47 years$873$500$273$144$74$48
48 years$845$477$257$133$67$43
49 years$818$456$241$123$61$39
50 years$793$435$227$114$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $812,000, adding $6,582 every year, while hoping to spend $39,862 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: 60/35/5 Blend
63$812,000$812,000$812,000$812,000
64$901,613$858,577$845,991$954,547
65$951,165$858,235$831,919$990,395
66$1,004,435$856,539$816,040$1,024,281
67$1,061,760$853,383$798,250$1,060,216
68$1,123,512$848,650$778,443$1,098,399
69$1,190,095$842,219$756,506$1,139,046
70$1,261,957$833,961$732,322$1,182,401
71$1,339,590$823,738$705,767$1,228,731
72$1,423,531$811,404$676,714$1,278,332
73$1,514,375$796,807$645,027$1,331,534
74$1,612,773$779,781$610,567$1,388,700
75$1,719,441$760,156$573,186$1,450,233
76$1,835,167$737,747$532,731$1,516,579
77$1,960,818$712,360$489,042$1,588,232
78$2,097,347$683,792$441,950$1,665,738
79$2,245,803$651,824$391,282$1,749,701
80$2,407,339$616,227$336,854$1,840,792
81$2,583,224$576,759$278,475$1,939,750
82$2,774,855$533,162$215,946$2,047,394
83$2,983,769$485,166$149,059$2,164,631
84$3,211,657$432,483$77,596$2,292,462
85$3,460,381$374,810$1,331$2,431,995
86$3,731,991$311,826$0$2,584,457
87$4,028,743$243,195$0$2,755,473
88$4,353,120$168,557$0$2,942,622
89$4,707,857$87,535$0$3,147,505
90$5,095,965$0$0$3,371,964
91$5,520,760$0$0$3,618,142
92$5,985,890$0$0$3,924,673
93$6,495,378$0$0$4,260,500
94$7,053,650$0$0$4,628,551
95$7,665,581$0$0$5,032,047
96$8,336,541$0$0$5,474,538
97$9,072,446$0$0$5,959,934
98$9,879,808$0$0$6,492,541
99$10,765,803$0$0$7,077,102
100$11,738,335$0$0$7,718,841