Can I retire at age 64 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$67,137$66,539$65,955$65,386$64,830$63,391
2 years$33,236$32,617$32,017$31,435$30,871$29,430
3 years$21,937$21,316$20,717$20,141$19,586$18,186
4 years$16,289$15,669$15,077$14,510$13,969$12,621
5 years$12,901$12,285$11,700$11,145$10,619$9,328
6 years$10,643$10,032$9,456$8,913$8,402$7,169
7 years$9,031$8,424$7,858$7,328$6,833$5,658
8 years$7,822$7,221$6,664$6,147$5,669$4,551
9 years$6,883$6,287$5,740$5,236$4,774$3,713
10 years$6,131$5,542$5,004$4,514$4,068$3,062
11 years$5,517$4,934$4,405$3,928$3,498$2,547
12 years$5,006$4,428$3,910$3,446$3,032$2,132
13 years$4,573$4,002$3,493$3,042$2,644$1,796
14 years$4,203$3,638$3,138$2,700$2,317$1,519
15 years$3,882$3,323$2,834$2,408$2,040$1,289
16 years$3,602$3,049$2,569$2,156$1,803$1,098
17 years$3,355$2,808$2,338$1,937$1,599$937
18 years$3,135$2,595$2,134$1,746$1,422$802
19 years$2,939$2,405$1,954$1,578$1,267$687
20 years$2,763$2,234$1,793$1,429$1,132$590
21 years$2,604$2,081$1,649$1,297$1,013$507
22 years$2,459$1,943$1,520$1,179$908$437
23 years$2,328$1,817$1,403$1,074$815$376
24 years$2,207$1,703$1,298$979$733$324
25 years$2,096$1,598$1,202$894$659$280
26 years$1,994$1,502$1,115$818$594$241
27 years$1,900$1,413$1,035$749$535$209
28 years$1,812$1,332$962$686$483$180
29 years$1,731$1,256$896$629$436$156
30 years$1,655$1,186$834$577$394$135
31 years$1,584$1,122$778$530$356$116
32 years$1,518$1,061$726$487$322$101
33 years$1,456$1,005$678$448$292$87
34 years$1,398$952$633$412$264$75
35 years$1,343$903$592$379$239$65
36 years$1,291$857$554$349$217$57
37 years$1,242$814$518$322$196$49
38 years$1,196$774$485$297$178$42
39 years$1,153$736$455$274$161$37
40 years$1,111$700$426$252$146$32
41 years$1,072$667$400$233$133$28
42 years$1,035$635$375$215$121$24
43 years$1,000$605$352$198$109$21
44 years$966$577$330$183$99$18
45 years$934$550$310$169$90$16
46 years$903$524$291$156$82$13
47 years$874$500$274$144$74$12
48 years$846$478$257$133$68$10
49 years$819$456$242$123$61$9
50 years$794$436$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $813,000, adding $5,237 every year, while hoping to spend $39,730 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: 71/10/19 Blend
63$813,000$813,000$813,000$813,000
64$901,328$858,239$845,637$960,848
65$950,991$858,020$831,694$1,000,934
66$1,004,388$856,459$815,952$1,039,569
67$1,061,858$853,448$798,309$1,080,870
68$1,123,773$848,873$778,658$1,125,093
69$1,190,543$842,612$756,887$1,172,525
70$1,262,615$834,537$732,879$1,223,481
71$1,340,483$824,511$706,513$1,278,308
72$1,424,691$812,390$677,659$1,337,390
73$1,515,832$798,021$646,184$1,401,152
74$1,614,564$781,240$611,948$1,470,061
75$1,721,606$761,878$574,805$1,544,636
76$1,837,751$739,751$534,602$1,625,446
77$1,963,870$714,666$491,179$1,713,122
78$2,100,920$686,421$444,369$1,808,361
79$2,249,957$654,799$393,999$1,911,929
80$2,412,141$619,571$339,885$2,024,675
81$2,588,746$580,498$281,839$2,147,535
82$2,781,178$537,322$219,660$2,281,542
83$2,990,982$489,775$153,143$2,427,836
84$3,219,860$437,571$82,070$2,587,676
85$3,469,682$380,408$6,216$2,762,452
86$3,742,510$317,969$0$2,953,695
87$4,040,612$249,916$0$3,178,248
88$4,366,487$175,894$0$3,425,157
89$4,722,883$95,527$0$3,695,272
90$5,112,829$8,420$0$3,990,920
91$5,539,658$0$0$4,314,665
92$6,007,041$0$0$4,678,780
93$6,519,020$0$0$5,078,693
94$7,080,049$0$0$5,516,963
95$7,695,029$0$0$5,997,423
96$8,369,360$0$0$6,524,299
97$9,108,991$0$0$7,102,243
98$9,920,472$0$0$7,736,380
99$10,811,018$0$0$8,432,355
100$11,788,578$0$0$9,196,386