Can I retire at age 64 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,550$66,948$66,361$65,788$65,228$64,467
2 years$33,440$32,818$32,214$31,629$31,061$30,295
3 years$22,072$21,447$20,845$20,265$19,706$18,959
4 years$16,389$15,766$15,170$14,600$14,055$13,332
5 years$12,980$12,360$11,772$11,214$10,684$9,988
6 years$10,708$10,093$9,514$8,968$8,454$7,785
7 years$9,086$8,476$7,906$7,373$6,875$6,234
8 years$7,870$7,266$6,705$6,185$5,704$5,090
9 years$6,925$6,326$5,775$5,268$4,803$4,218
10 years$6,169$5,576$5,035$4,541$4,093$3,534
11 years$5,551$4,964$4,432$3,952$3,520$2,988
12 years$5,036$4,456$3,934$3,467$3,050$2,544
13 years$4,601$4,027$3,514$3,061$2,660$2,179
14 years$4,229$3,660$3,158$2,717$2,332$1,876
15 years$3,906$3,343$2,851$2,423$2,053$1,621
16 years$3,624$3,068$2,585$2,169$1,814$1,406
17 years$3,375$2,825$2,352$1,949$1,609$1,223
18 years$3,155$2,611$2,147$1,757$1,430$1,066
19 years$2,957$2,419$1,966$1,587$1,275$931
20 years$2,780$2,248$1,804$1,438$1,139$815
21 years$2,620$2,094$1,659$1,305$1,019$715
22 years$2,474$1,955$1,529$1,186$914$627
23 years$2,342$1,828$1,412$1,080$820$551
24 years$2,220$1,713$1,306$985$737$485
25 years$2,109$1,608$1,210$900$663$427
26 years$2,006$1,511$1,122$823$597$377
27 years$1,911$1,422$1,042$753$539$332
28 years$1,823$1,340$968$690$486$293
29 years$1,741$1,264$901$633$439$259
30 years$1,665$1,194$839$581$397$229
31 years$1,594$1,128$783$533$359$202
32 years$1,527$1,068$730$490$324$179
33 years$1,465$1,011$682$451$293$158
34 years$1,406$958$637$415$266$140
35 years$1,351$909$596$382$241$124
36 years$1,299$863$557$352$218$109
37 years$1,250$819$521$324$198$97
38 years$1,204$779$488$299$179$86
39 years$1,160$741$457$275$162$76
40 years$1,118$705$429$254$147$67
41 years$1,079$671$402$234$134$60
42 years$1,041$639$377$216$121$53
43 years$1,006$609$354$200$110$47
44 years$972$580$332$184$100$41
45 years$940$553$312$170$91$37
46 years$909$528$293$157$82$33
47 years$879$504$275$145$75$29
48 years$851$481$259$134$68$26
49 years$824$459$243$124$62$23
50 years$799$439$229$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $818,000, adding $4,760 every year, while hoping to spend $48,347 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: 35/38/27 Blend
63$818,000$818,000$818,000$818,000
64$906,346$862,992$850,313$930,548
65$947,352$853,838$827,358$939,880
66$990,921$842,615$802,013$945,241
67$1,037,262$829,170$774,148$950,086
68$1,086,606$813,343$743,625$954,401
69$1,139,205$794,961$710,301$958,175
70$1,195,335$773,845$674,027$961,401
71$1,255,297$749,802$634,645$964,075
72$1,319,424$722,628$591,992$966,198
73$1,388,078$692,110$545,897$967,778
74$1,461,659$658,020$496,181$968,828
75$1,540,602$620,118$442,658$969,368
76$1,625,389$578,148$385,131$969,428
77$1,716,544$531,843$323,399$969,046
78$1,814,646$480,918$257,247$968,274
79$1,920,330$425,073$186,455$967,175
80$2,034,292$363,990$110,789$965,825
81$2,157,297$297,333$30,009$964,320
82$2,290,188$224,749$0$962,772
83$2,433,888$145,863$0$977,505
84$2,589,414$60,279$0$1,002,765
85$2,757,883$0$0$1,030,162
86$2,940,522$0$0$1,073,550
87$3,138,683$0$0$1,148,071
88$3,353,850$0$0$1,229,092
89$3,587,657$0$0$1,317,240
90$3,841,902$0$0$1,413,207
91$4,118,561$0$0$1,517,753
92$4,419,811$0$0$1,631,715
93$4,748,044$0$0$1,756,015
94$5,105,895$0$0$1,891,666
95$5,496,264$0$0$2,039,785
96$5,922,342$0$0$2,201,599
97$6,387,642$0$0$2,378,462
98$6,896,031$0$0$2,571,862
99$7,451,767$0$0$2,783,439
100$8,059,536$0$0$3,014,998