Can I retire at age 64 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$67,715$67,112$66,523$65,949$65,388$63,704
2 years$33,522$32,898$32,293$31,706$31,137$29,452
3 years$22,126$21,499$20,896$20,314$19,755$18,120
4 years$16,429$15,804$15,207$14,635$14,089$12,519
5 years$13,012$12,391$11,801$11,241$10,710$9,208
6 years$10,735$10,118$9,537$8,990$8,475$7,042
7 years$9,108$8,497$7,925$7,391$6,892$5,530
8 years$7,889$7,283$6,721$6,200$5,718$4,425
9 years$6,942$6,342$5,789$5,281$4,815$3,590
10 years$6,184$5,590$5,047$4,552$4,103$2,944
11 years$5,565$4,976$4,443$3,962$3,529$2,435
12 years$5,049$4,466$3,943$3,475$3,058$2,027
13 years$4,613$4,036$3,523$3,068$2,666$1,696
14 years$4,239$3,669$3,165$2,723$2,337$1,426
15 years$3,916$3,352$2,858$2,429$2,058$1,203
16 years$3,633$3,075$2,591$2,175$1,819$1,018
17 years$3,384$2,832$2,358$1,954$1,613$863
18 years$3,162$2,617$2,152$1,761$1,434$734
19 years$2,965$2,425$1,970$1,591$1,278$625
20 years$2,787$2,254$1,808$1,441$1,142$533
21 years$2,626$2,099$1,663$1,308$1,022$455
22 years$2,480$1,960$1,533$1,189$916$389
23 years$2,348$1,833$1,416$1,083$822$332
24 years$2,226$1,717$1,309$988$739$285
25 years$2,114$1,611$1,212$902$665$244
26 years$2,011$1,515$1,125$825$599$209
27 years$1,916$1,425$1,044$755$540$179
28 years$1,828$1,343$971$692$487$154
29 years$1,746$1,267$903$634$440$132
30 years$1,669$1,197$841$582$398$113
31 years$1,598$1,131$784$535$359$97
32 years$1,531$1,070$732$491$325$83
33 years$1,468$1,014$683$452$294$72
34 years$1,410$961$639$416$266$62
35 years$1,354$911$597$383$241$53
36 years$1,302$865$558$352$219$45
37 years$1,253$821$523$325$198$39
38 years$1,207$781$489$299$180$34
39 years$1,163$742$459$276$163$29
40 years$1,121$706$430$255$148$25
41 years$1,082$672$403$235$134$21
42 years$1,044$640$378$217$122$18
43 years$1,008$610$355$200$110$16
44 years$974$581$333$185$100$14
45 years$942$555$313$171$91$12
46 years$911$529$294$158$83$10
47 years$882$505$276$146$75$9
48 years$853$482$259$135$68$7
49 years$826$460$244$124$62$6
50 years$801$440$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $820,000, adding $4,186 every year, while hoping to spend $46,771 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: 56/32/12 Blend
63$820,000$820,000$820,000$820,000
64$907,958$864,498$851,788$955,821
65$950,806$857,094$830,559$981,299
66$996,456$847,760$807,051$1,003,543
67$1,045,146$836,352$781,139$1,026,672
68$1,097,135$822,717$752,690$1,050,778
69$1,152,706$806,693$721,569$1,075,965
70$1,212,170$788,110$687,630$1,102,351
71$1,275,870$766,785$650,724$1,130,067
72$1,344,178$742,528$610,693$1,159,259
73$1,417,507$715,134$567,373$1,190,093
74$1,496,306$684,389$520,594$1,222,754
75$1,581,070$650,065$470,174$1,257,448
76$1,672,343$611,921$415,929$1,294,407
77$1,770,720$569,704$357,661$1,333,889
78$1,876,858$523,144$295,167$1,376,183
79$1,991,476$471,956$228,233$1,421,613
80$2,115,365$415,840$156,637$1,470,537
81$2,249,394$354,479$80,147$1,523,356
82$2,394,520$287,536$0$1,580,519
83$2,551,792$214,657$0$1,642,713
84$2,722,367$135,467$0$1,721,267
85$2,907,515$49,571$0$1,806,558
86$3,108,633$0$0$1,899,310
87$3,327,258$0$0$2,015,621
88$3,565,082$0$0$2,161,200
89$3,823,965$0$0$2,319,737
90$4,105,955$0$0$2,492,494
91$4,413,303$0$0$2,680,862
92$4,748,490$0$0$2,886,368
93$5,114,244$0$0$3,110,696
94$5,513,570$0$0$3,355,698
95$5,949,774$0$0$3,623,412
96$6,426,496$0$0$3,916,085
97$6,947,743$0$0$4,236,188
98$7,517,929$0$0$4,586,441
99$8,141,911$0$0$4,969,843
100$8,825,040$0$0$5,389,693