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%
1 years$67,302$66,702$66,118$65,547$64,989$63,392
2 years$33,318$32,697$32,096$31,513$30,947$29,348
3 years$21,991$21,368$20,768$20,191$19,634$18,083
4 years$16,329$15,708$15,114$14,546$14,003$12,512
5 years$12,933$12,315$11,729$11,173$10,645$9,218
6 years$10,669$10,056$9,479$8,935$8,423$7,061
7 years$9,053$8,445$7,877$7,346$6,850$5,554
8 years$7,841$7,239$6,680$6,162$5,683$4,452
9 years$6,899$6,303$5,754$5,249$4,786$3,619
10 years$6,146$5,556$5,016$4,525$4,078$2,973
11 years$5,531$4,946$4,416$3,938$3,507$2,463
12 years$5,018$4,439$3,919$3,454$3,039$2,055
13 years$4,584$4,012$3,502$3,049$2,650$1,723
14 years$4,213$3,647$3,146$2,707$2,323$1,452
15 years$3,892$3,331$2,841$2,414$2,045$1,227
16 years$3,611$3,056$2,575$2,162$1,808$1,040
17 years$3,363$2,815$2,344$1,942$1,603$884
18 years$3,143$2,601$2,139$1,750$1,425$753
19 years$2,947$2,411$1,958$1,581$1,270$643
20 years$2,770$2,240$1,797$1,432$1,135$549
21 years$2,610$2,086$1,653$1,300$1,015$470
22 years$2,465$1,948$1,524$1,182$910$403
23 years$2,333$1,822$1,407$1,076$817$345
24 years$2,212$1,707$1,301$982$734$296
25 years$2,101$1,602$1,205$897$661$254
26 years$1,999$1,505$1,118$820$595$219
27 years$1,904$1,417$1,038$750$537$188
28 years$1,816$1,335$965$688$484$162
29 years$1,735$1,259$898$630$437$139
30 years$1,659$1,189$836$579$395$120
31 years$1,588$1,124$780$531$357$103
32 years$1,522$1,064$727$488$323$89
33 years$1,460$1,007$679$449$292$76
34 years$1,401$955$635$413$265$66
35 years$1,346$906$593$380$240$57
36 years$1,294$860$555$350$217$49
37 years$1,246$816$520$323$197$42
38 years$1,199$776$487$298$179$36
39 years$1,156$738$456$274$162$31
40 years$1,114$702$427$253$147$27
41 years$1,075$668$401$233$133$23
42 years$1,038$636$376$215$121$20
43 years$1,002$606$353$199$110$17
44 years$968$578$331$184$100$15
45 years$936$551$311$170$90$13
46 years$905$526$292$157$82$11
47 years$876$502$274$145$75$9
48 years$848$479$258$134$68$8
49 years$821$457$242$124$61$7
50 years$796$437$228$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $815,000, adding $4,557 every year, while hoping to spend $31,783 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: 63/12/25 Blend
63$815,000$815,000$815,000$815,000
64$902,831$859,636$847,003$953,485
65$961,102$867,941$841,561$996,605
66$1,024,253$875,588$834,871$1,039,765
67$1,092,746$882,511$826,858$1,086,205
68$1,167,091$888,639$817,444$1,136,248
69$1,247,851$893,899$806,545$1,190,254
70$1,335,643$898,211$794,075$1,248,620
71$1,431,145$901,490$779,943$1,311,782
72$1,535,106$903,647$764,055$1,380,225
73$1,648,347$904,586$746,311$1,454,481
74$1,771,773$904,206$726,607$1,535,140
75$1,906,381$902,398$704,835$1,622,850
76$2,053,266$899,050$680,881$1,718,330
77$2,213,635$894,039$654,627$1,822,371
78$2,388,816$887,238$625,947$1,935,847
79$2,580,271$878,509$594,712$2,059,723
80$2,789,610$867,707$560,787$2,195,063
81$3,018,606$854,680$524,029$2,343,042
82$3,269,210$839,266$484,290$2,504,955
83$3,543,570$821,291$441,415$2,682,234
84$3,844,054$800,573$395,241$2,876,456
85$4,173,267$776,921$345,601$3,089,363
86$4,534,078$750,128$292,317$3,322,875
87$4,929,650$719,980$235,205$3,579,114
88$5,363,462$686,247$174,072$3,860,416
89$5,839,349$648,687$108,718$4,169,362
90$6,361,534$607,044$38,931$4,508,797
91$6,934,669$561,048$0$4,881,861
92$7,563,878$510,412$0$5,301,497
93$8,254,805$454,834$0$5,773,741
94$9,013,669$393,994$0$6,292,474
95$9,847,317$327,554$0$6,862,409
96$10,763,297$255,158$0$7,488,738
97$11,769,921$176,428$0$8,177,185
98$12,876,347$90,967$0$8,934,058
99$14,092,664$0$0$9,766,307
100$15,429,988$0$0$10,681,810