Can I retire at age 64 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$67,385$66,784$66,199$65,627$65,069$62,561
2 years$33,359$32,737$32,135$31,551$30,985$28,489
3 years$22,018$21,394$20,794$20,215$19,658$17,252
4 years$16,349$15,727$15,132$14,564$14,020$11,722
5 years$12,949$12,330$11,743$11,187$10,658$8,473
6 years$10,682$10,069$9,490$8,946$8,433$6,364
7 years$9,064$8,456$7,887$7,355$6,859$4,904
8 years$7,851$7,248$6,688$6,170$5,690$3,848
9 years$6,908$6,311$5,761$5,255$4,792$3,060
10 years$6,154$5,563$5,022$4,530$4,083$2,458
11 years$5,538$4,952$4,422$3,943$3,511$1,990
12 years$5,024$4,445$3,924$3,458$3,043$1,621
13 years$4,590$4,017$3,506$3,053$2,653$1,326
14 years$4,218$3,651$3,150$2,710$2,326$1,090
15 years$3,897$3,335$2,844$2,417$2,048$898
16 years$3,615$3,060$2,579$2,164$1,810$742
17 years$3,367$2,818$2,346$1,944$1,605$614
18 years$3,147$2,604$2,142$1,752$1,427$509
19 years$2,950$2,413$1,961$1,583$1,272$423
20 years$2,773$2,243$1,800$1,434$1,136$352
21 years$2,613$2,089$1,655$1,302$1,017$293
22 years$2,468$1,950$1,526$1,183$911$244
23 years$2,336$1,824$1,409$1,078$818$203
24 years$2,215$1,709$1,303$983$735$169
25 years$2,104$1,604$1,207$898$662$141
26 years$2,001$1,507$1,119$821$596$118
27 years$1,907$1,418$1,039$751$537$98
28 years$1,819$1,337$966$688$485$82
29 years$1,737$1,261$899$631$438$69
30 years$1,661$1,191$837$579$396$57
31 years$1,590$1,126$781$532$358$48
32 years$1,524$1,065$728$489$324$40
33 years$1,461$1,009$680$450$293$33
34 years$1,403$956$635$414$265$28
35 years$1,348$907$594$381$240$23
36 years$1,296$861$556$351$218$20
37 years$1,247$817$520$323$197$16
38 years$1,201$777$487$298$179$14
39 years$1,157$739$456$275$162$11
40 years$1,116$703$428$253$147$10
41 years$1,076$669$401$234$133$8
42 years$1,039$637$376$216$121$7
43 years$1,003$607$353$199$110$6
44 years$970$579$331$184$100$5
45 years$937$552$311$170$91$4
46 years$907$526$292$157$82$3
47 years$877$502$275$145$75$3
48 years$849$480$258$134$68$2
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $816,000, adding $6,978 every year, while hoping to spend $27,971 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: 53/36/11 Blend
63$816,000$816,000$816,000$816,000
64$906,430$863,182$850,534$951,532
65$969,125$875,717$849,266$995,525
66$1,037,277$887,929$847,018$1,039,757
67$1,111,414$899,772$843,727$1,087,228
68$1,192,115$911,198$839,329$1,138,253
69$1,280,019$922,155$833,755$1,193,176
70$1,375,828$932,587$826,933$1,252,378
71$1,480,315$942,436$818,788$1,316,281
72$1,594,330$951,638$809,240$1,385,347
73$1,718,810$960,127$798,208$1,460,090
74$1,854,786$967,830$785,605$1,541,075
75$2,003,391$974,671$771,340$1,628,925
76$2,165,876$980,569$755,319$1,724,328
77$2,343,616$985,438$737,443$1,828,044
78$2,538,125$989,185$717,607$1,940,912
79$2,751,072$991,712$695,705$2,063,856
80$2,984,291$992,916$671,621$2,197,896
81$3,239,806$992,686$645,238$2,344,158
82$3,519,844$990,906$616,431$2,503,886
83$3,826,857$987,449$585,070$2,678,449
84$4,163,548$982,185$551,021$2,869,361
85$4,532,891$974,973$514,141$3,078,291
86$4,938,163$965,665$474,283$3,307,079
87$5,382,976$954,102$431,291$3,557,758
88$5,871,304$940,118$385,005$3,832,568
89$6,407,529$923,536$335,254$4,133,982
90$6,996,476$904,168$281,864$4,464,727
91$7,643,459$881,815$224,649$4,827,811
92$8,354,335$856,267$163,418$5,226,555
93$9,135,555$827,301$97,970$5,664,618
94$9,994,225$794,682$28,095$6,146,040
95$10,938,174$758,161$0$6,675,273
96$11,976,030$717,472$0$7,262,685
97$13,117,295$672,339$0$7,912,114
98$14,372,440$622,464$0$8,626,262
99$15,753,001$567,537$0$9,411,750
100$17,271,688$507,227$0$10,275,876