Can I retire at age 64 with 820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$67,715$67,112$66,523$65,949$65,388$64,491
2 years$33,522$32,898$32,293$31,706$31,137$30,235
3 years$22,126$21,499$20,896$20,314$19,755$18,875
4 years$16,429$15,804$15,207$14,635$14,089$13,239
5 years$13,012$12,391$11,801$11,241$10,710$9,893
6 years$10,735$10,118$9,537$8,990$8,475$7,690
7 years$9,108$8,497$7,925$7,391$6,892$6,141
8 years$7,889$7,283$6,721$6,200$5,718$5,000
9 years$6,942$6,342$5,789$5,281$4,815$4,130
10 years$6,184$5,590$5,047$4,552$4,103$3,451
11 years$5,565$4,976$4,443$3,962$3,529$2,908
12 years$5,049$4,466$3,943$3,475$3,058$2,469
13 years$4,613$4,036$3,523$3,068$2,666$2,108
14 years$4,239$3,669$3,165$2,723$2,337$1,808
15 years$3,916$3,352$2,858$2,429$2,058$1,557
16 years$3,633$3,075$2,591$2,175$1,819$1,346
17 years$3,384$2,832$2,358$1,954$1,613$1,166
18 years$3,162$2,617$2,152$1,761$1,434$1,013
19 years$2,965$2,425$1,970$1,591$1,278$882
20 years$2,787$2,254$1,808$1,441$1,142$769
21 years$2,626$2,099$1,663$1,308$1,022$672
22 years$2,480$1,960$1,533$1,189$916$588
23 years$2,348$1,833$1,416$1,083$822$514
24 years$2,226$1,717$1,309$988$739$451
25 years$2,114$1,611$1,212$902$665$396
26 years$2,011$1,515$1,125$825$599$347
27 years$1,916$1,425$1,044$755$540$305
28 years$1,828$1,343$971$692$487$268
29 years$1,746$1,267$903$634$440$236
30 years$1,669$1,197$841$582$398$207
31 years$1,598$1,131$784$535$359$183
32 years$1,531$1,070$732$491$325$161
33 years$1,468$1,014$683$452$294$142
34 years$1,410$961$639$416$266$125
35 years$1,354$911$597$383$241$110
36 years$1,302$865$558$352$219$97
37 years$1,253$821$523$325$198$85
38 years$1,207$781$489$299$180$75
39 years$1,163$742$459$276$163$66
40 years$1,121$706$430$255$148$58
41 years$1,082$672$403$235$134$52
42 years$1,044$640$378$217$122$45
43 years$1,008$610$355$200$110$40
44 years$974$581$333$185$100$35
45 years$942$555$313$171$91$31
46 years$911$529$294$158$83$28
47 years$882$505$276$146$75$24
48 years$853$482$259$135$68$21
49 years$826$460$244$124$62$19
50 years$801$440$229$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $820,000, adding $6,329 every year, while hoping to spend $22,052 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: 69/10/21 Blend
63$820,000$820,000$820,000$820,000
64$910,168$866,708$853,998$967,802
65$979,542$885,714$859,144$1,026,132
66$1,055,253$904,912$863,723$1,086,769
67$1,137,925$924,288$867,693$1,152,588
68$1,228,242$943,827$871,010$1,224,097
69$1,326,961$963,512$873,627$1,301,861
70$1,434,912$983,325$875,494$1,386,497
71$1,553,011$1,003,246$876,562$1,478,690
72$1,682,266$1,023,253$876,774$1,579,191
73$1,823,786$1,043,322$876,076$1,688,829
74$1,978,795$1,063,427$874,406$1,808,519
75$2,148,637$1,083,540$871,704$1,939,268
76$2,334,795$1,103,631$867,904$2,082,185
77$2,538,902$1,123,667$862,936$2,238,493
78$2,762,756$1,143,612$856,730$2,409,540
79$3,008,336$1,163,429$849,210$2,596,812
80$3,277,825$1,183,075$840,297$2,801,947
81$3,573,625$1,202,507$829,909$3,026,747
82$3,898,382$1,221,678$817,958$3,273,204
83$4,255,013$1,240,536$804,355$3,543,507
84$4,646,728$1,259,026$789,005$3,840,074
85$5,077,065$1,277,089$771,808$4,165,566
86$5,549,923$1,294,664$752,661$4,522,919
87$6,069,595$1,311,682$731,454$4,915,366
88$6,640,811$1,328,071$708,075$5,346,473
89$7,268,782$1,343,756$682,405$5,820,168
90$7,959,251$1,358,653$654,318$6,340,782
91$8,718,543$1,372,675$623,686$6,913,087
92$9,553,628$1,385,729$590,373$7,542,344
93$10,472,183$1,397,716$554,236$8,234,350
94$11,482,670$1,408,528$515,127$8,995,495
95$12,594,410$1,418,053$472,891$9,832,822
96$13,817,673$1,426,171$427,366$10,754,092
97$15,163,776$1,432,754$378,383$11,767,860
98$16,645,187$1,437,665$325,765$12,883,555
99$18,275,646$1,440,760$269,328$14,111,569
100$20,070,290$1,441,885$208,879$15,463,353