Can I retire at age 64 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,797$67,194$66,604$66,029$65,468$64,067
2 years$33,563$32,938$32,332$31,745$31,175$29,771
3 years$22,153$21,525$20,921$20,339$19,779$18,415
4 years$16,449$15,823$15,225$14,653$14,106$12,793
5 years$13,028$12,406$11,815$11,255$10,723$9,465
6 years$10,748$10,130$9,549$9,001$8,485$7,282
7 years$9,120$8,507$7,935$7,400$6,901$5,754
8 years$7,899$7,292$6,729$6,208$5,725$4,633
9 years$6,950$6,349$5,796$5,288$4,821$3,784
10 years$6,192$5,597$5,053$4,558$4,108$3,125
11 years$5,571$4,982$4,449$3,967$3,533$2,602
12 years$5,055$4,472$3,948$3,479$3,061$2,182
13 years$4,618$4,041$3,527$3,072$2,670$1,840
14 years$4,244$3,673$3,169$2,727$2,340$1,558
15 years$3,920$3,356$2,862$2,432$2,061$1,325
16 years$3,637$3,079$2,594$2,177$1,821$1,130
17 years$3,388$2,835$2,361$1,956$1,615$966
18 years$3,166$2,620$2,155$1,763$1,436$827
19 years$2,968$2,428$1,973$1,593$1,280$710
20 years$2,790$2,256$1,811$1,443$1,143$611
21 years$2,630$2,102$1,665$1,310$1,023$526
22 years$2,484$1,962$1,535$1,191$917$453
23 years$2,350$1,835$1,417$1,084$823$391
24 years$2,229$1,719$1,311$989$740$338
25 years$2,117$1,613$1,214$903$666$292
26 years$2,014$1,516$1,126$826$600$252
27 years$1,918$1,427$1,045$756$541$218
28 years$1,830$1,345$972$693$488$189
29 years$1,748$1,269$904$635$440$164
30 years$1,671$1,198$842$583$398$142
31 years$1,600$1,133$785$535$360$123
32 years$1,533$1,072$733$492$325$106
33 years$1,470$1,015$684$452$295$92
34 years$1,411$962$639$416$267$80
35 years$1,356$912$598$383$242$69
36 years$1,304$866$559$353$219$60
37 years$1,255$822$523$325$198$52
38 years$1,208$782$490$300$180$45
39 years$1,164$743$459$276$163$39
40 years$1,122$707$430$255$148$34
41 years$1,083$673$404$235$134$30
42 years$1,045$641$379$217$122$26
43 years$1,009$611$355$200$111$22
44 years$975$582$333$185$100$19
45 years$943$555$313$171$91$17
46 years$912$530$294$158$83$15
47 years$883$505$276$146$75$13
48 years$854$482$260$135$68$11
49 years$827$461$244$125$62$10
50 years$802$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $821,000, adding $2,793 every year, while hoping to spend $58,116 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: 37/48/15 Blend
63$821,000$821,000$821,000$821,000
64$907,623$864,110$851,384$936,966
65$938,366$844,616$818,071$938,811
66$970,296$822,220$781,693$935,043
67$1,003,474$796,717$742,088$929,723
68$1,037,964$767,891$699,084$922,742
69$1,073,835$735,516$652,501$913,986
70$1,111,159$699,349$602,153$903,335
71$1,150,015$659,135$547,843$890,661
72$1,190,489$614,605$489,368$875,833
73$1,232,671$565,473$426,514$858,709
74$1,276,659$511,437$359,058$839,145
75$1,322,559$452,178$286,767$816,986
76$1,370,484$387,360$209,398$792,072
77$1,420,559$316,625$126,698$764,234
78$1,472,915$239,599$38,402$733,296
79$1,527,696$155,883$0$699,075
80$1,585,058$65,058$0$670,312
81$1,645,170$0$0$645,012
82$1,708,213$0$0$634,459
83$1,774,387$0$0$659,487
84$1,843,907$0$0$685,817
85$1,917,006$0$0$713,543
86$1,993,940$0$0$742,766
87$2,074,985$0$0$773,599
88$2,160,443$0$0$806,161
89$2,250,643$0$0$840,585
90$2,345,942$0$0$877,014
91$2,446,734$0$0$915,606
92$2,553,443$0$0$956,532
93$2,666,536$0$0$999,979
94$2,786,523$0$0$1,046,154
95$2,913,961$0$0$1,095,280
96$3,049,459$0$0$1,147,603
97$3,193,684$0$0$1,203,391
98$3,347,364$0$0$1,262,941
99$3,511,299$0$0$1,326,574
100$3,686,365$0$0$1,394,643