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%14.9%
1 years$67,467$66,866$66,280$65,708$65,149$63,833
2 years$33,400$32,778$32,175$31,590$31,023$29,704
3 years$22,045$21,420$20,819$20,240$19,682$18,400
4 years$16,369$15,746$15,151$14,582$14,038$12,802
5 years$12,964$12,345$11,758$11,200$10,671$9,486
6 years$10,695$10,081$9,502$8,957$8,444$7,311
7 years$9,075$8,466$7,896$7,364$6,867$5,786
8 years$7,861$7,257$6,697$6,177$5,697$4,667
9 years$6,916$6,318$5,768$5,262$4,798$3,819
10 years$6,162$5,569$5,029$4,536$4,088$3,159
11 years$5,544$4,958$4,427$3,947$3,516$2,636
12 years$5,030$4,450$3,929$3,462$3,047$2,215
13 years$4,596$4,022$3,510$3,057$2,657$1,871
14 years$4,224$3,656$3,154$2,714$2,329$1,588
15 years$3,901$3,339$2,848$2,420$2,050$1,353
16 years$3,620$3,064$2,582$2,167$1,812$1,156
17 years$3,371$2,822$2,349$1,947$1,607$990
18 years$3,151$2,607$2,145$1,755$1,429$850
19 years$2,954$2,416$1,963$1,585$1,273$732
20 years$2,777$2,245$1,802$1,436$1,137$631
21 years$2,617$2,092$1,657$1,303$1,018$544
22 years$2,471$1,952$1,527$1,185$912$470
23 years$2,339$1,826$1,410$1,079$819$406
24 years$2,218$1,711$1,304$984$736$352
25 years$2,106$1,606$1,208$899$662$305
26 years$2,004$1,509$1,120$822$597$264
27 years$1,909$1,420$1,040$752$538$229
28 years$1,821$1,338$967$689$485$199
29 years$1,739$1,262$900$632$438$172
30 years$1,663$1,192$838$580$396$150
31 years$1,592$1,127$782$533$358$130
32 years$1,525$1,066$729$490$324$113
33 years$1,463$1,010$681$450$293$98
34 years$1,405$957$636$414$265$85
35 years$1,349$908$595$381$240$74
36 years$1,298$862$556$351$218$65
37 years$1,249$818$521$324$197$56
38 years$1,202$778$488$298$179$49
39 years$1,158$740$457$275$162$42
40 years$1,117$704$428$254$147$37
41 years$1,078$670$402$234$134$32
42 years$1,040$638$377$216$121$28
43 years$1,005$608$353$199$110$24
44 years$971$579$332$184$100$21
45 years$938$552$312$170$91$18
46 years$908$527$293$157$82$16
47 years$878$503$275$145$75$14
48 years$850$480$258$134$68$12
49 years$823$459$243$124$62$11
50 years$798$438$228$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $817,000, adding $5,429 every year, while hoping to spend $27,105 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: 74/9/17 Blend
63$817,000$817,000$817,000$817,000
64$905,934$862,633$849,970$969,068
65$969,500$876,063$849,604$1,025,056
66$1,038,641$889,242$848,318$1,082,535
67$1,113,897$902,129$846,051$1,144,804
68$1,195,863$914,682$842,743$1,212,332
69$1,285,192$926,853$838,326$1,285,637
70$1,382,605$938,592$832,733$1,365,288
71$1,488,893$949,845$825,891$1,451,915
72$1,604,928$960,555$817,727$1,546,210
73$1,731,670$970,662$808,160$1,648,935
74$1,870,175$980,099$797,108$1,760,932
75$2,021,607$988,798$784,485$1,883,128
76$2,187,246$996,684$770,200$2,016,544
77$2,368,502$1,003,679$754,159$2,162,307
78$2,566,929$1,009,698$736,263$2,321,656
79$2,784,235$1,014,653$716,408$2,495,961
80$3,022,305$1,018,449$694,485$2,686,729
81$3,283,211$1,020,984$670,381$2,895,620
82$3,569,237$1,022,151$643,977$3,124,468
83$3,882,899$1,021,836$615,150$3,375,290
84$4,226,966$1,019,918$583,770$3,650,312
85$4,604,491$1,016,268$549,700$3,951,985
86$5,018,834$1,010,750$512,800$4,283,015
87$5,473,698$1,003,220$472,922$4,646,379
88$5,973,161$993,523$429,910$5,045,362
89$6,521,715$981,497$383,604$5,483,584
90$7,124,309$966,970$333,834$5,965,035
91$7,786,395$949,758$280,424$6,494,113
92$8,513,979$929,668$223,190$7,075,665
93$9,313,678$906,495$161,940$7,715,035
94$10,192,782$880,021$96,473$8,418,110
95$11,159,321$850,017$26,580$9,191,381
96$12,222,143$816,240$0$10,042,004
97$13,390,998$778,431$0$10,986,571
98$14,676,624$736,319$0$12,030,778
99$16,090,857$689,616$0$13,179,419
100$17,646,733$638,016$0$14,443,099