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%12.7%
1 years$67,715$67,112$66,523$65,949$65,388$64,651
2 years$33,522$32,898$32,293$31,706$31,137$30,396
3 years$22,126$21,499$20,896$20,314$19,755$19,031
4 years$16,429$15,804$15,207$14,635$14,089$13,389
5 years$13,012$12,391$11,801$11,241$10,710$10,036
6 years$10,735$10,118$9,537$8,990$8,475$7,827
7 years$9,108$8,497$7,925$7,391$6,892$6,271
8 years$7,889$7,283$6,721$6,200$5,718$5,124
9 years$6,942$6,342$5,789$5,281$4,815$4,248
10 years$6,184$5,590$5,047$4,552$4,103$3,561
11 years$5,565$4,976$4,443$3,962$3,529$3,013
12 years$5,049$4,466$3,943$3,475$3,058$2,567
13 years$4,613$4,036$3,523$3,068$2,666$2,200
14 years$4,239$3,669$3,165$2,723$2,337$1,895
15 years$3,916$3,352$2,858$2,429$2,058$1,639
16 years$3,633$3,075$2,591$2,175$1,819$1,422
17 years$3,384$2,832$2,358$1,954$1,613$1,238
18 years$3,162$2,617$2,152$1,761$1,434$1,080
19 years$2,965$2,425$1,970$1,591$1,278$944
20 years$2,787$2,254$1,808$1,441$1,142$827
21 years$2,626$2,099$1,663$1,308$1,022$726
22 years$2,480$1,960$1,533$1,189$916$638
23 years$2,348$1,833$1,416$1,083$822$561
24 years$2,226$1,717$1,309$988$739$494
25 years$2,114$1,611$1,212$902$665$435
26 years$2,011$1,515$1,125$825$599$384
27 years$1,916$1,425$1,044$755$540$339
28 years$1,828$1,343$971$692$487$299
29 years$1,746$1,267$903$634$440$264
30 years$1,669$1,197$841$582$398$234
31 years$1,598$1,131$784$535$359$207
32 years$1,531$1,070$732$491$325$183
33 years$1,468$1,014$683$452$294$162
34 years$1,410$961$639$416$266$143
35 years$1,354$911$597$383$241$127
36 years$1,302$865$558$352$219$112
37 years$1,253$821$523$325$198$100
38 years$1,207$781$489$299$180$88
39 years$1,163$742$459$276$163$78
40 years$1,121$706$430$255$148$69
41 years$1,082$672$403$235$134$61
42 years$1,044$640$378$217$122$55
43 years$1,008$610$355$200$110$48
44 years$974$581$333$185$100$43
45 years$942$555$313$171$91$38
46 years$911$529$294$158$83$34
47 years$882$505$276$146$75$30
48 years$853$482$259$135$68$27
49 years$826$460$244$124$62$24
50 years$801$440$229$115$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $820,000, adding $3,834 every year, while hoping to spend $29,103 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: 42/34/24 Blend
63$820,000$820,000$820,000$820,000
64$907,595$864,135$851,425$939,194
65$969,204$875,512$848,982$973,519
66$1,036,122$886,471$845,482$1,007,598
67$1,108,860$896,962$840,859$1,043,927
68$1,187,979$906,928$835,043$1,082,728
69$1,274,097$916,312$827,962$1,124,250
70$1,367,896$925,052$819,539$1,168,766
71$1,470,122$933,081$809,695$1,216,580
72$1,581,601$940,328$798,346$1,268,026
73$1,703,239$946,719$785,406$1,323,477
74$1,836,034$952,173$770,781$1,383,342
75$1,981,085$956,605$754,378$1,448,076
76$2,139,601$959,923$736,094$1,518,182
77$2,312,913$962,033$715,826$1,594,215
78$2,502,488$962,830$693,464$1,676,791
79$2,709,940$962,207$668,894$1,766,590
80$2,937,046$960,047$641,994$1,864,363
81$3,185,764$956,229$612,640$1,970,942
82$3,458,249$950,621$580,700$2,087,245
83$3,756,875$943,086$546,038$2,214,287
84$4,084,256$933,477$508,510$2,353,192
85$4,443,271$921,638$467,967$2,505,198
86$4,837,093$907,406$424,251$2,671,678
87$5,269,213$890,606$377,200$2,854,145
88$5,743,480$871,053$326,644$3,054,271
89$6,264,131$848,551$272,403$3,273,904
90$6,835,836$822,893$214,291$3,515,085
91$7,463,736$793,860$152,115$3,780,069
92$8,153,498$761,220$85,672$4,071,343
93$8,911,362$724,727$14,749$4,391,658
94$9,744,203$684,121$0$4,744,047
95$10,659,597$639,128$0$5,147,467
96$11,665,887$589,457$0$5,595,056
97$12,772,268$534,801$0$6,087,180
98$13,988,869$474,835$0$6,628,409
99$15,326,848$409,216$0$7,223,786
100$16,798,501$337,583$0$7,878,871