Can I retire at age 64 with 816,000?

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 $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%16.9%
1 years$67,385$66,784$66,199$65,627$65,069$63,240
2 years$33,359$32,737$32,135$31,551$30,985$29,156
3 years$22,018$21,394$20,794$20,215$19,658$17,887
4 years$16,349$15,727$15,132$14,564$14,020$12,320
5 years$12,949$12,330$11,743$11,187$10,658$9,034
6 years$10,682$10,069$9,490$8,946$8,433$6,886
7 years$9,064$8,456$7,887$7,355$6,859$5,389
8 years$7,851$7,248$6,688$6,170$5,690$4,296
9 years$6,908$6,311$5,761$5,255$4,792$3,473
10 years$6,154$5,563$5,022$4,530$4,083$2,838
11 years$5,538$4,952$4,422$3,943$3,511$2,338
12 years$5,024$4,445$3,924$3,458$3,043$1,939
13 years$4,590$4,017$3,506$3,053$2,653$1,616
14 years$4,218$3,651$3,150$2,710$2,326$1,353
15 years$3,897$3,335$2,844$2,417$2,048$1,136
16 years$3,615$3,060$2,579$2,164$1,810$957
17 years$3,367$2,818$2,346$1,944$1,605$809
18 years$3,147$2,604$2,142$1,752$1,427$684
19 years$2,950$2,413$1,961$1,583$1,272$580
20 years$2,773$2,243$1,800$1,434$1,136$492
21 years$2,613$2,089$1,655$1,302$1,017$418
22 years$2,468$1,950$1,526$1,183$911$356
23 years$2,336$1,824$1,409$1,078$818$303
24 years$2,215$1,709$1,303$983$735$258
25 years$2,104$1,604$1,207$898$662$220
26 years$2,001$1,507$1,119$821$596$188
27 years$1,907$1,418$1,039$751$537$160
28 years$1,819$1,337$966$688$485$137
29 years$1,737$1,261$899$631$438$117
30 years$1,661$1,191$837$579$396$100
31 years$1,590$1,126$781$532$358$85
32 years$1,524$1,065$728$489$324$73
33 years$1,461$1,009$680$450$293$62
34 years$1,403$956$635$414$265$53
35 years$1,348$907$594$381$240$45
36 years$1,296$861$556$351$218$39
37 years$1,247$817$520$323$197$33
38 years$1,201$777$487$298$179$28
39 years$1,157$739$456$275$162$24
40 years$1,116$703$428$253$147$21
41 years$1,076$669$401$234$133$18
42 years$1,039$637$376$216$121$15
43 years$1,003$607$353$199$110$13
44 years$970$579$331$184$100$11
45 years$937$552$311$170$91$9
46 years$907$526$292$157$82$8
47 years$877$502$275$145$75$7
48 years$849$480$258$134$68$6
49 years$822$458$243$124$62$5
50 years$797$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $816,000, adding $2,544 every year, while hoping to spend $32,618 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: 70/11/19 Blend
63$816,000$816,000$816,000$816,000
64$901,856$858,608$845,960$960,665
65$959,140$865,975$839,595$1,007,558
66$1,021,174$872,609$831,922$1,054,761
67$1,088,408$878,441$822,866$1,105,613
68$1,161,336$883,395$812,342$1,160,472
69$1,240,503$887,392$800,267$1,219,731
70$1,326,507$890,347$786,549$1,283,826
71$1,420,008$892,171$771,095$1,353,234
72$1,521,728$892,767$753,806$1,428,485
73$1,632,466$892,034$734,580$1,510,161
74$1,753,098$889,865$713,309$1,598,906
75$1,884,590$886,143$689,880$1,695,428
76$2,028,002$880,749$664,176$1,800,511
77$2,184,505$873,552$636,073$1,915,016
78$2,355,386$864,417$605,442$2,039,896
79$2,542,060$853,198$572,149$2,176,200
80$2,746,087$839,742$536,053$2,325,086
81$2,969,184$823,886$497,007$2,487,831
82$3,213,241$805,457$454,857$2,665,843
83$3,480,340$784,272$409,443$2,860,675
84$3,772,773$760,140$360,598$3,074,040
85$4,093,063$732,854$308,145$3,307,828
86$4,443,990$702,198$251,902$3,564,120
87$4,828,614$667,943$191,678$3,845,215
88$5,250,307$629,847$127,274$4,153,647
89$5,712,783$587,654$58,482$4,492,209
90$6,220,129$541,091$0$4,863,981
91$6,776,851$489,873$0$5,275,389
92$7,387,910$433,697$0$5,740,001
93$8,058,771$372,243$0$6,250,126
94$8,795,455$305,172$0$6,810,370
95$9,604,593$232,127$0$7,425,806
96$10,493,492$152,732$0$8,102,027
97$11,470,199$66,586$0$8,845,195
98$12,543,581$0$0$9,662,100
99$13,723,405$0$0$10,563,462
100$15,020,434$0$0$11,563,272