Can I retire at age 64 with 815,000?

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 $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%15.8%
1 years$67,302$66,702$66,118$65,547$64,989$63,444
2 years$33,318$32,697$32,096$31,513$30,947$29,399
3 years$21,991$21,368$20,768$20,191$19,634$18,132
4 years$16,329$15,708$15,114$14,546$14,003$12,559
5 years$12,933$12,315$11,729$11,173$10,645$9,262
6 years$10,669$10,056$9,479$8,935$8,423$7,103
7 years$9,053$8,445$7,877$7,346$6,850$5,593
8 years$7,841$7,239$6,680$6,162$5,683$4,488
9 years$6,899$6,303$5,754$5,249$4,786$3,653
10 years$6,146$5,556$5,016$4,525$4,078$3,005
11 years$5,531$4,946$4,416$3,938$3,507$2,493
12 years$5,018$4,439$3,919$3,454$3,039$2,082
13 years$4,584$4,012$3,502$3,049$2,650$1,748
14 years$4,213$3,647$3,146$2,707$2,323$1,475
15 years$3,892$3,331$2,841$2,414$2,045$1,249
16 years$3,611$3,056$2,575$2,162$1,808$1,060
17 years$3,363$2,815$2,344$1,942$1,603$902
18 years$3,143$2,601$2,139$1,750$1,425$770
19 years$2,947$2,411$1,958$1,581$1,270$658
20 years$2,770$2,240$1,797$1,432$1,135$563
21 years$2,610$2,086$1,653$1,300$1,015$483
22 years$2,465$1,948$1,524$1,182$910$414
23 years$2,333$1,822$1,407$1,076$817$356
24 years$2,212$1,707$1,301$982$734$306
25 years$2,101$1,602$1,205$897$661$263
26 years$1,999$1,505$1,118$820$595$226
27 years$1,904$1,417$1,038$750$537$195
28 years$1,816$1,335$965$688$484$168
29 years$1,735$1,259$898$630$437$144
30 years$1,659$1,189$836$579$395$124
31 years$1,588$1,124$780$531$357$107
32 years$1,522$1,064$727$488$323$93
33 years$1,460$1,007$679$449$292$80
34 years$1,401$955$635$413$265$69
35 years$1,346$906$593$380$240$59
36 years$1,294$860$555$350$217$51
37 years$1,246$816$520$323$197$44
38 years$1,199$776$487$298$179$38
39 years$1,156$738$456$274$162$33
40 years$1,114$702$427$253$147$28
41 years$1,075$668$401$233$133$25
42 years$1,038$636$376$215$121$21
43 years$1,002$606$353$199$110$18
44 years$968$578$331$184$100$16
45 years$936$551$311$170$90$14
46 years$905$526$292$157$82$12
47 years$876$502$274$145$75$10
48 years$848$479$258$134$68$9
49 years$821$457$242$124$61$8
50 years$796$437$228$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $815,000, adding $6,425 every year, while hoping to spend $51,150 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: 64/23/13 Blend
63$815,000$815,000$815,000$815,000
64$904,757$861,562$848,930$959,498
65$942,619$849,356$822,946$984,705
66$982,629$834,837$794,377$1,005,720
67$1,024,951$817,838$763,083$1,027,406
68$1,069,767$798,182$728,916$1,049,828
69$1,117,271$775,681$691,723$1,073,059
70$1,167,681$750,138$651,344$1,097,181
71$1,221,230$721,340$607,610$1,122,286
72$1,278,177$689,067$560,346$1,148,480
73$1,338,802$653,082$509,369$1,175,879
74$1,403,413$613,137$454,486$1,204,614
75$1,472,349$568,969$395,499$1,234,835
76$1,545,979$520,298$332,198$1,266,706
77$1,624,707$466,831$264,366$1,300,413
78$1,708,979$408,257$191,773$1,336,164
79$1,799,280$344,248$114,183$1,374,191
80$1,896,146$274,455$31,348$1,414,755
81$2,000,162$198,513$0$1,458,144
82$2,111,972$116,033$0$1,512,599
83$2,232,283$26,608$0$1,575,720
84$2,361,869$0$0$1,643,599
85$2,501,582$0$0$1,734,491
86$2,652,358$0$0$1,839,891
87$2,815,226$0$0$1,953,789
88$2,991,314$0$0$2,076,981
89$3,181,865$0$0$2,210,341
90$3,388,243$0$0$2,354,832
91$3,611,949$0$0$2,511,511
92$3,854,634$0$0$2,681,540
93$4,118,111$0$0$2,866,198
94$4,404,379$0$0$3,066,892
95$4,715,631$0$0$3,285,171
96$5,054,284$0$0$3,522,735
97$5,422,996$0$0$3,781,459
98$5,824,692$0$0$4,063,404
99$6,262,590$0$0$4,370,838
100$6,740,233$0$0$4,706,260