Can I retire at age 64 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,632$67,030$66,442$65,868$65,308$64,951
2 years$33,481$32,858$32,253$31,667$31,099$30,739
3 years$22,099$21,473$20,870$20,290$19,731$19,378
4 years$16,409$15,785$15,188$14,618$14,072$13,730
5 years$12,996$12,376$11,787$11,228$10,697$10,367
6 years$10,721$10,106$9,525$8,979$8,464$8,146
7 years$9,097$8,487$7,916$7,382$6,884$6,578
8 years$7,880$7,275$6,713$6,193$5,711$5,417
9 years$6,933$6,334$5,782$5,275$4,809$4,528
10 years$6,177$5,583$5,041$4,547$4,098$3,828
11 years$5,558$4,970$4,438$3,957$3,524$3,267
12 years$5,043$4,461$3,938$3,471$3,054$2,808
13 years$4,607$4,031$3,519$3,064$2,663$2,429
14 years$4,234$3,664$3,162$2,720$2,335$2,111
15 years$3,911$3,348$2,855$2,426$2,055$1,843
16 years$3,628$3,071$2,588$2,172$1,817$1,615
17 years$3,380$2,829$2,355$1,952$1,611$1,419
18 years$3,159$2,614$2,150$1,759$1,432$1,250
19 years$2,961$2,422$1,968$1,589$1,277$1,104
20 years$2,784$2,251$1,806$1,439$1,140$977
21 years$2,623$2,097$1,661$1,306$1,020$866
22 years$2,477$1,957$1,531$1,188$915$769
23 years$2,345$1,831$1,414$1,082$821$684
24 years$2,223$1,715$1,308$987$738$609
25 years$2,112$1,610$1,211$901$664$542
26 years$2,009$1,513$1,123$824$598$484
27 years$1,914$1,424$1,043$754$539$432
28 years$1,825$1,341$970$691$487$386
29 years$1,743$1,266$902$634$439$345
30 years$1,667$1,195$840$581$397$308
31 years$1,596$1,130$783$534$359$276
32 years$1,529$1,069$731$491$325$247
33 years$1,467$1,012$683$451$294$221
34 years$1,408$960$638$415$266$198
35 years$1,353$910$596$382$241$177
36 years$1,301$864$558$352$218$159
37 years$1,252$820$522$324$198$142
38 years$1,205$780$489$299$179$128
39 years$1,161$741$458$276$163$115
40 years$1,120$705$429$254$148$103
41 years$1,080$671$403$235$134$92
42 years$1,043$639$378$216$121$83
43 years$1,007$609$354$200$110$74
44 years$973$581$333$185$100$67
45 years$941$554$312$170$91$60
46 years$910$528$293$157$82$54
47 years$880$504$276$145$75$48
48 years$852$481$259$134$68$43
49 years$825$460$243$124$62$39
50 years$800$439$229$115$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $819,000, adding $3,199 every year, while hoping to spend $27,641 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: 54/30/16 Blend
63$819,000$819,000$819,000$819,000
64$905,838$862,431$849,736$950,717
65$968,823$875,280$848,793$994,544
66$1,037,307$887,833$846,891$1,039,003
67$1,111,821$900,045$843,970$1,086,776
68$1,192,949$911,869$839,965$1,138,187
69$1,281,335$923,257$834,810$1,193,592
70$1,377,689$934,153$828,433$1,253,383
71$1,482,788$944,502$820,761$1,317,995
72$1,597,492$954,242$811,716$1,387,906
73$1,722,744$963,308$801,216$1,463,645
74$1,859,585$971,631$789,178$1,545,794
75$2,009,159$979,137$775,512$1,634,997
76$2,172,726$985,748$760,125$1,731,963
77$2,351,674$991,379$742,919$1,837,477
78$2,547,531$995,943$723,792$1,952,402
79$2,761,979$999,344$702,639$2,077,691
80$2,996,870$1,001,481$679,347$2,214,399
81$3,254,245$1,002,247$653,799$2,363,685
82$3,536,350$1,001,530$625,874$2,526,831
83$3,845,661$999,208$595,443$2,705,251
84$4,184,902$995,153$562,374$2,900,504
85$4,557,076$989,229$526,528$3,114,311
86$4,965,489$981,293$487,758$3,348,570
87$5,413,783$971,191$445,912$3,605,376
88$5,905,971$958,761$400,832$3,887,038
89$6,446,471$943,831$352,351$4,196,106
90$7,040,151$926,219$300,295$4,535,390
91$7,692,376$905,733$244,485$4,907,991
92$8,409,053$882,169$184,729$5,317,330
93$9,196,690$855,309$120,832$5,767,179
94$10,062,459$824,926$52,586$6,261,700
95$11,014,259$790,776$0$6,805,482
96$12,060,794$752,604$0$7,407,042
97$13,211,652$710,139$0$8,078,312
98$14,477,398$663,094$0$8,816,502
99$15,869,673$611,165$0$9,628,442
100$17,401,300$554,033$0$10,521,664