Can I retire at age 64 with 813,000?

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 $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%14.4%
1 years$67,137$66,539$65,955$65,386$64,830$63,651
2 years$33,236$32,617$32,017$31,435$30,871$29,688
3 years$21,937$21,316$20,717$20,141$19,586$18,435
4 years$16,289$15,669$15,077$14,510$13,969$12,859
5 years$12,901$12,285$11,700$11,145$10,619$9,553
6 years$10,643$10,032$9,456$8,913$8,402$7,382
7 years$9,031$8,424$7,858$7,328$6,833$5,859
8 years$7,822$7,221$6,664$6,147$5,669$4,740
9 years$6,883$6,287$5,740$5,236$4,774$3,890
10 years$6,131$5,542$5,004$4,514$4,068$3,228
11 years$5,517$4,934$4,405$3,928$3,498$2,702
12 years$5,006$4,428$3,910$3,446$3,032$2,277
13 years$4,573$4,002$3,493$3,042$2,644$1,930
14 years$4,203$3,638$3,138$2,700$2,317$1,644
15 years$3,882$3,323$2,834$2,408$2,040$1,405
16 years$3,602$3,049$2,569$2,156$1,803$1,205
17 years$3,355$2,808$2,338$1,937$1,599$1,036
18 years$3,135$2,595$2,134$1,746$1,422$893
19 years$2,939$2,405$1,954$1,578$1,267$771
20 years$2,763$2,234$1,793$1,429$1,132$667
21 years$2,604$2,081$1,649$1,297$1,013$578
22 years$2,459$1,943$1,520$1,179$908$501
23 years$2,328$1,817$1,403$1,074$815$435
24 years$2,207$1,703$1,298$979$733$378
25 years$2,096$1,598$1,202$894$659$329
26 years$1,994$1,502$1,115$818$594$286
27 years$1,900$1,413$1,035$749$535$249
28 years$1,812$1,332$962$686$483$217
29 years$1,731$1,256$896$629$436$189
30 years$1,655$1,186$834$577$394$165
31 years$1,584$1,122$778$530$356$144
32 years$1,518$1,061$726$487$322$125
33 years$1,456$1,005$678$448$292$109
34 years$1,398$952$633$412$264$96
35 years$1,343$903$592$379$239$83
36 years$1,291$857$554$349$217$73
37 years$1,242$814$518$322$196$64
38 years$1,196$774$485$297$178$56
39 years$1,153$736$455$274$161$49
40 years$1,111$700$426$252$146$42
41 years$1,072$667$400$233$133$37
42 years$1,035$635$375$215$121$32
43 years$1,000$605$352$198$109$28
44 years$966$577$330$183$99$25
45 years$934$550$310$169$90$22
46 years$903$524$291$156$82$19
47 years$874$500$274$144$74$16
48 years$846$478$257$133$68$14
49 years$819$456$242$123$61$13
50 years$794$436$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $813,000, adding $5,923 every year, while hoping to spend $41,804 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: 53/27/20 Blend
63$813,000$813,000$813,000$813,000
64$902,036$858,947$846,345$944,610
65$949,564$856,556$830,219$972,102
66$1,000,539$852,647$812,151$997,136
67$1,055,269$847,101$792,032$1,023,479
68$1,114,090$839,793$769,749$1,051,269
69$1,177,373$830,589$745,182$1,080,659
70$1,245,525$819,348$718,205$1,111,821
71$1,318,993$805,919$688,689$1,144,948
72$1,398,266$790,146$656,496$1,180,251
73$1,483,885$771,858$621,484$1,217,970
74$1,576,441$750,879$583,504$1,258,368
75$1,676,585$727,019$542,399$1,301,742
76$1,785,034$700,080$498,006$1,348,418
77$1,902,574$669,851$450,155$1,398,761
78$2,030,070$636,107$398,669$1,453,177
79$2,168,473$598,612$343,361$1,512,117
80$2,318,831$557,118$284,037$1,576,080
81$2,482,295$511,360$220,495$1,645,623
82$2,660,130$461,057$152,523$1,721,363
83$2,853,731$405,917$79,900$1,803,985
84$3,064,630$345,626$2,396$1,894,247
85$3,294,516$279,855$0$1,992,994
86$3,545,245$208,255$0$2,118,298
87$3,818,860$130,461$0$2,255,715
88$4,117,613$46,082$0$2,405,938
89$4,443,978$0$0$2,570,297
90$4,800,684$0$0$2,763,716
91$5,190,732$0$0$2,990,262
92$5,617,426$0$0$3,238,172
93$6,084,406$0$0$3,509,570
94$6,595,679$0$0$3,806,795
95$7,155,658$0$0$4,132,424
96$7,769,203$0$0$4,489,293
97$8,441,664$0$0$4,880,527
98$9,178,936$0$0$5,309,566
99$9,987,512$0$0$5,780,200
100$10,874,540$0$0$6,296,605