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%18.9%
1 years$67,137$66,539$65,955$65,386$64,830$62,505
2 years$33,236$32,617$32,017$31,435$30,871$28,554
3 years$21,937$21,316$20,717$20,141$19,586$17,349
4 years$16,289$15,669$15,077$14,510$13,969$11,830
5 years$12,901$12,285$11,700$11,145$10,619$8,583
6 years$10,643$10,032$9,456$8,913$8,402$6,471
7 years$9,031$8,424$7,858$7,328$6,833$5,007
8 years$7,822$7,221$6,664$6,147$5,669$3,945
9 years$6,883$6,287$5,740$5,236$4,774$3,151
10 years$6,131$5,542$5,004$4,514$4,068$2,542
11 years$5,517$4,934$4,405$3,928$3,498$2,067
12 years$5,006$4,428$3,910$3,446$3,032$1,692
13 years$4,573$4,002$3,493$3,042$2,644$1,391
14 years$4,203$3,638$3,138$2,700$2,317$1,148
15 years$3,882$3,323$2,834$2,408$2,040$951
16 years$3,602$3,049$2,569$2,156$1,803$790
17 years$3,355$2,808$2,338$1,937$1,599$657
18 years$3,135$2,595$2,134$1,746$1,422$548
19 years$2,939$2,405$1,954$1,578$1,267$458
20 years$2,763$2,234$1,793$1,429$1,132$382
21 years$2,604$2,081$1,649$1,297$1,013$320
22 years$2,459$1,943$1,520$1,179$908$268
23 years$2,328$1,817$1,403$1,074$815$225
24 years$2,207$1,703$1,298$979$733$188
25 years$2,096$1,598$1,202$894$659$158
26 years$1,994$1,502$1,115$818$594$133
27 years$1,900$1,413$1,035$749$535$111
28 years$1,812$1,332$962$686$483$93
29 years$1,731$1,256$896$629$436$79
30 years$1,655$1,186$834$577$394$66
31 years$1,584$1,122$778$530$356$55
32 years$1,518$1,061$726$487$322$47
33 years$1,456$1,005$678$448$292$39
34 years$1,398$952$633$412$264$33
35 years$1,343$903$592$379$239$28
36 years$1,291$857$554$349$217$23
37 years$1,242$814$518$322$196$20
38 years$1,196$774$485$297$178$16
39 years$1,153$736$455$274$161$14
40 years$1,111$700$426$252$146$12
41 years$1,072$667$400$233$133$10
42 years$1,035$635$375$215$121$8
43 years$1,000$605$352$198$109$7
44 years$966$577$330$183$99$6
45 years$934$550$310$169$90$5
46 years$903$524$291$156$82$4
47 years$874$500$274$144$74$3
48 years$846$478$257$133$68$3
49 years$819$456$242$123$61$2
50 years$794$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $813,000, adding $3,665 every year, while hoping to spend $52,901 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: 44/50/6 Blend
63$813,000$813,000$813,000$813,000
64$899,706$856,617$844,016$937,613
65$935,190$842,305$816,004$949,863
66$972,520$825,519$785,281$957,381
67$1,011,829$806,081$751,700$964,294
68$1,053,261$783,805$715,107$970,565
69$1,096,973$758,491$675,343$976,156
70$1,143,137$729,929$632,239$981,030
71$1,191,939$697,897$585,621$985,149
72$1,243,583$662,161$535,305$988,479
73$1,298,292$622,470$481,102$990,984
74$1,356,308$578,562$422,809$992,633
75$1,417,899$530,159$360,221$993,396
76$1,483,354$476,966$293,117$993,245
77$1,552,992$418,673$221,272$992,159
78$1,627,160$354,951$144,448$990,120
79$1,706,240$285,453$62,397$987,114
80$1,790,649$209,813$0$983,136
81$1,880,844$127,643$0$979,800
82$1,977,328$38,534$0$979,872
83$2,080,648$0$0$979,396
84$2,191,409$0$0$1,010,304
85$2,310,271$0$0$1,066,291
86$2,437,961$0$0$1,126,507
87$2,575,274$0$0$1,191,335
88$2,723,085$0$0$1,261,199
89$2,882,354$0$0$1,336,562
90$3,054,137$0$0$1,417,933
91$3,239,592$0$0$1,505,873
92$3,439,992$0$0$1,600,998
93$3,656,736$0$0$1,703,983
94$3,891,363$0$0$1,815,572
95$4,145,564$0$0$1,936,584
96$4,421,198$0$0$2,067,918
97$4,720,309$0$0$2,210,562
98$5,045,146$0$0$2,365,605
99$5,398,183$0$0$2,534,244
100$5,782,140$0$0$2,717,795