Can I retire at age 64 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$67,467$66,866$66,280$65,708$65,149$64,043
2 years$33,400$32,778$32,175$31,590$31,023$29,913
3 years$22,045$21,420$20,819$20,240$19,682$18,602
4 years$16,369$15,746$15,151$14,582$14,038$12,995
5 years$12,964$12,345$11,758$11,200$10,671$9,669
6 years$10,695$10,081$9,502$8,957$8,444$7,484
7 years$9,075$8,466$7,896$7,364$6,867$5,950
8 years$7,861$7,257$6,697$6,177$5,697$4,822
9 years$6,916$6,318$5,768$5,262$4,798$3,965
10 years$6,162$5,569$5,029$4,536$4,088$3,296
11 years$5,544$4,958$4,427$3,947$3,516$2,764
12 years$5,030$4,450$3,929$3,462$3,047$2,334
13 years$4,596$4,022$3,510$3,057$2,657$1,982
14 years$4,224$3,656$3,154$2,714$2,329$1,691
15 years$3,901$3,339$2,848$2,420$2,050$1,449
16 years$3,620$3,064$2,582$2,167$1,812$1,245
17 years$3,371$2,822$2,349$1,947$1,607$1,073
18 years$3,151$2,607$2,145$1,755$1,429$927
19 years$2,954$2,416$1,963$1,585$1,273$802
20 years$2,777$2,245$1,802$1,436$1,137$695
21 years$2,617$2,092$1,657$1,303$1,018$604
22 years$2,471$1,952$1,527$1,185$912$525
23 years$2,339$1,826$1,410$1,079$819$457
24 years$2,218$1,711$1,304$984$736$398
25 years$2,106$1,606$1,208$899$662$347
26 years$2,004$1,509$1,120$822$597$302
27 years$1,909$1,420$1,040$752$538$264
28 years$1,821$1,338$967$689$485$230
29 years$1,739$1,262$900$632$438$201
30 years$1,663$1,192$838$580$396$176
31 years$1,592$1,127$782$533$358$154
32 years$1,525$1,066$729$490$324$135
33 years$1,463$1,010$681$450$293$118
34 years$1,405$957$636$414$265$103
35 years$1,349$908$595$381$240$90
36 years$1,298$862$556$351$218$79
37 years$1,249$818$521$324$197$69
38 years$1,202$778$488$298$179$60
39 years$1,158$740$457$275$162$53
40 years$1,117$704$428$254$147$46
41 years$1,078$670$402$234$134$41
42 years$1,040$638$377$216$121$36
43 years$1,005$608$353$199$110$31
44 years$971$579$332$184$100$27
45 years$938$552$312$170$91$24
46 years$908$527$293$157$82$21
47 years$878$503$275$145$75$18
48 years$850$480$258$134$68$16
49 years$823$459$243$124$62$14
50 years$798$438$228$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $817,000, adding $2,294 every year, while hoping to spend $42,716 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: 58/36/6 Blend
63$817,000$817,000$817,000$817,000
64$902,700$859,399$846,736$953,833
65$949,326$856,060$829,652$985,083
66$999,276$851,126$810,564$1,014,075
67$1,052,845$844,473$789,360$1,044,602
68$1,110,354$835,971$765,922$1,076,816
69$1,172,157$825,482$740,128$1,110,881
70$1,238,644$812,857$711,850$1,146,984
71$1,310,241$797,942$680,952$1,185,329
72$1,387,416$780,572$647,294$1,226,145
73$1,470,684$760,571$610,730$1,269,686
74$1,560,611$737,756$571,106$1,316,236
75$1,657,817$711,931$528,263$1,366,106
76$1,762,987$682,887$482,032$1,419,645
77$1,876,870$650,407$432,238$1,477,240
78$2,000,292$614,258$378,699$1,539,319
79$2,134,160$574,196$321,224$1,606,357
80$2,279,473$529,960$259,614$1,678,884
81$2,437,328$481,277$193,660$1,757,484
82$2,608,932$427,856$123,145$1,842,806
83$2,795,615$369,393$47,842$1,935,569
84$2,998,838$305,563$0$2,036,572
85$3,220,208$236,025$0$2,148,780
86$3,461,496$160,417$0$2,274,494
87$3,724,650$78,358$0$2,411,749
88$4,011,812$0$0$2,561,762
89$4,325,344$0$0$2,730,064
90$4,667,842$0$0$2,947,888
91$5,042,166$0$0$3,186,019
92$5,451,465$0$0$3,446,469
93$5,899,205$0$0$3,731,453
94$6,389,202$0$0$4,043,409
95$6,925,660$0$0$4,385,021
96$7,513,206$0$0$4,759,248
97$8,156,938$0$0$5,169,344
98$8,862,468$0$0$5,618,897
99$9,635,978$0$0$6,111,856
100$10,484,277$0$0$6,652,572