Can I retire at age 64 with 812,000?

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 $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%11.6%
1 years$67,054$66,457$65,874$65,305$64,750$64,315
2 years$33,195$32,577$31,978$31,397$30,833$30,395
3 years$21,910$21,289$20,692$20,116$19,562$19,133
4 years$16,269$15,650$15,058$14,493$13,952$13,536
5 years$12,885$12,270$11,686$11,132$10,606$10,205
6 years$10,630$10,019$9,444$8,902$8,392$8,006
7 years$9,020$8,414$7,848$7,319$6,825$6,454
8 years$7,812$7,212$6,656$6,140$5,662$5,306
9 years$6,874$6,280$5,733$5,230$4,768$4,427
10 years$6,124$5,535$4,998$4,508$4,063$3,736
11 years$5,510$4,928$4,400$3,923$3,494$3,182
12 years$5,000$4,423$3,905$3,441$3,028$2,731
13 years$4,568$3,997$3,489$3,038$2,640$2,357
14 years$4,198$3,633$3,135$2,697$2,315$2,045
15 years$3,877$3,319$2,830$2,405$2,038$1,782
16 years$3,597$3,045$2,566$2,154$1,801$1,558
17 years$3,351$2,804$2,335$1,935$1,597$1,366
18 years$3,132$2,591$2,131$1,744$1,420$1,201
19 years$2,936$2,402$1,951$1,576$1,266$1,059
20 years$2,760$2,232$1,791$1,427$1,131$935
21 years$2,601$2,079$1,647$1,295$1,012$827
22 years$2,456$1,940$1,518$1,178$907$733
23 years$2,325$1,815$1,402$1,072$814$650
24 years$2,204$1,700$1,296$978$732$577
25 years$2,093$1,596$1,201$893$658$513
26 years$1,991$1,500$1,114$817$593$456
27 years$1,897$1,411$1,034$748$535$406
28 years$1,810$1,330$961$685$482$362
29 years$1,729$1,255$895$628$436$323
30 years$1,653$1,185$833$576$394$288
31 years$1,582$1,120$777$529$356$257
32 years$1,516$1,060$725$487$322$229
33 years$1,454$1,004$677$447$291$205
34 years$1,396$951$632$412$264$183
35 years$1,341$902$591$379$239$164
36 years$1,290$856$553$349$216$146
37 years$1,241$813$518$322$196$131
38 years$1,195$773$485$296$178$117
39 years$1,151$735$454$273$161$105
40 years$1,110$699$426$252$146$94
41 years$1,071$666$399$233$133$84
42 years$1,034$634$374$215$120$75
43 years$998$604$351$198$109$67
44 years$965$576$330$183$99$60
45 years$933$549$310$169$90$54
46 years$902$524$291$156$82$48
47 years$873$500$273$144$74$43
48 years$845$477$257$133$67$39
49 years$818$456$241$123$61$35
50 years$793$435$227$114$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $812,000, adding $5,980 every year, while hoping to spend $44,854 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: 38/41/21 Blend
63$812,000$812,000$812,000$812,000
64$900,992$857,956$845,370$929,367
65$945,169$852,272$825,966$944,761
66$992,349$844,806$804,408$956,727
67$1,042,790$835,423$780,578$968,744
68$1,096,777$823,981$754,349$980,843
69$1,154,621$810,328$725,592$993,061
70$1,216,662$794,305$694,170$1,005,443
71$1,283,277$775,740$659,939$1,018,041
72$1,354,875$754,456$622,752$1,030,917
73$1,431,909$730,261$582,450$1,044,146
74$1,514,873$702,953$538,872$1,057,812
75$1,604,313$672,320$491,846$1,072,016
76$1,700,825$638,136$441,196$1,086,871
77$1,805,067$600,163$386,734$1,102,510
78$1,917,760$558,147$328,266$1,119,086
79$2,039,699$511,823$265,590$1,136,771
80$2,171,754$460,909$198,493$1,155,763
81$2,314,886$405,106$126,755$1,176,288
82$2,470,147$344,099$50,145$1,198,603
83$2,638,698$277,556$0$1,222,997
84$2,821,815$205,126$0$1,256,882
85$3,020,899$126,436$0$1,305,997
86$3,237,494$41,095$0$1,359,572
87$3,473,299$0$0$1,418,138
88$3,730,181$0$0$1,505,441
89$4,010,198$0$0$1,620,918
90$4,315,611$0$0$1,746,974
91$4,648,913$0$0$1,884,650
92$5,012,845$0$0$2,035,093
93$5,410,424$0$0$2,199,564
94$5,844,974$0$0$2,379,454
95$6,320,153$0$0$2,576,292
96$6,839,988$0$0$2,791,763
97$7,408,914$0$0$3,027,721
98$8,031,815$0$0$3,286,210
99$8,714,069$0$0$3,569,479
100$9,461,597$0$0$3,880,005