Can I retire at age 64 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$67,302$66,702$66,118$65,547$64,989$63,213
2 years$33,318$32,697$32,096$31,513$30,947$29,171
3 years$21,991$21,368$20,768$20,191$19,634$17,913
4 years$16,329$15,708$15,114$14,546$14,003$12,351
5 years$12,933$12,315$11,729$11,173$10,645$9,065
6 years$10,669$10,056$9,479$8,935$8,423$6,918
7 years$9,053$8,445$7,877$7,346$6,850$5,420
8 years$7,841$7,239$6,680$6,162$5,683$4,326
9 years$6,899$6,303$5,754$5,249$4,786$3,502
10 years$6,146$5,556$5,016$4,525$4,078$2,865
11 years$5,531$4,946$4,416$3,938$3,507$2,363
12 years$5,018$4,439$3,919$3,454$3,039$1,962
13 years$4,584$4,012$3,502$3,049$2,650$1,638
14 years$4,213$3,647$3,146$2,707$2,323$1,373
15 years$3,892$3,331$2,841$2,414$2,045$1,155
16 years$3,611$3,056$2,575$2,162$1,808$974
17 years$3,363$2,815$2,344$1,942$1,603$824
18 years$3,143$2,601$2,139$1,750$1,425$698
19 years$2,947$2,411$1,958$1,581$1,270$593
20 years$2,770$2,240$1,797$1,432$1,135$504
21 years$2,610$2,086$1,653$1,300$1,015$429
22 years$2,465$1,948$1,524$1,182$910$365
23 years$2,333$1,822$1,407$1,076$817$312
24 years$2,212$1,707$1,301$982$734$266
25 years$2,101$1,602$1,205$897$661$227
26 years$1,999$1,505$1,118$820$595$194
27 years$1,904$1,417$1,038$750$537$166
28 years$1,816$1,335$965$688$484$142
29 years$1,735$1,259$898$630$437$121
30 years$1,659$1,189$836$579$395$104
31 years$1,588$1,124$780$531$357$89
32 years$1,522$1,064$727$488$323$76
33 years$1,460$1,007$679$449$292$65
34 years$1,401$955$635$413$265$56
35 years$1,346$906$593$380$240$48
36 years$1,294$860$555$350$217$41
37 years$1,246$816$520$323$197$35
38 years$1,199$776$487$298$179$30
39 years$1,156$738$456$274$162$26
40 years$1,114$702$427$253$147$22
41 years$1,075$668$401$233$133$19
42 years$1,038$636$376$215$121$16
43 years$1,002$606$353$199$110$14
44 years$968$578$331$184$100$12
45 years$936$551$311$170$90$10
46 years$905$526$292$157$82$9
47 years$876$502$274$145$75$7
48 years$848$479$258$134$68$6
49 years$821$457$242$124$61$5
50 years$796$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $815,000, adding $4,728 every year, while hoping to spend $47,008 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: 27/45/28 Blend
63$815,000$815,000$815,000$815,000
64$903,007$859,812$847,179$919,424
65$945,097$851,927$825,544$925,202
66$989,906$842,079$801,608$927,052
67$1,037,659$830,124$775,245$928,084
68$1,088,608$815,907$746,323$928,261
69$1,143,023$799,265$714,702$927,547
70$1,201,206$780,023$680,239$925,908
71$1,263,483$757,998$642,781$923,310
72$1,330,215$732,997$602,171$919,724
73$1,401,796$704,813$558,243$915,121
74$1,478,659$673,228$510,824$909,479
75$1,561,279$638,014$459,733$902,777
76$1,650,179$598,925$404,783$895,002
77$1,745,930$555,705$345,776$886,145
78$1,849,161$508,082$282,507$876,205
79$1,960,565$455,766$214,759$865,191
80$2,080,899$398,456$142,311$853,120
81$2,210,999$335,828$64,926$840,021
82$2,351,781$267,544$0$825,936
83$2,504,254$193,245$0$816,197
84$2,669,525$112,551$0$826,646
85$2,848,814$25,064$0$838,039
86$3,043,461$0$0$850,574
87$3,254,940$0$0$898,964
88$3,484,873$0$0$965,188
89$3,735,043$0$0$1,037,365
90$4,007,415$0$0$1,116,077
91$4,304,148$0$0$1,201,964
92$4,627,618$0$0$1,295,730
93$4,980,443$0$0$1,398,153
94$5,365,501$0$0$1,510,086
95$5,785,962$0$0$1,632,469
96$6,245,316$0$0$1,766,339
97$6,747,403$0$0$1,912,835
98$7,296,452$0$0$2,073,214
99$7,897,120$0$0$2,248,857
100$8,554,533$0$0$2,441,287