Can I retire at age 64 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$67,880$67,275$66,685$66,110$65,547$63,398
2 years$33,604$32,978$32,372$31,783$31,213$29,069
3 years$22,180$21,552$20,947$20,364$19,803$17,730
4 years$16,469$15,843$15,244$14,671$14,124$12,138
5 years$13,044$12,421$11,830$11,269$10,737$8,844
6 years$10,761$10,143$9,560$9,012$8,495$6,698
7 years$9,131$8,518$7,945$7,409$6,909$5,206
8 years$7,909$7,301$6,738$6,215$5,732$4,121
9 years$6,959$6,357$5,803$5,294$4,827$3,308
10 years$6,199$5,603$5,059$4,564$4,113$2,682
11 years$5,578$4,988$4,454$3,972$3,537$2,193
12 years$5,061$4,477$3,953$3,484$3,065$1,804
13 years$4,624$4,046$3,532$3,076$2,673$1,491
14 years$4,249$3,678$3,173$2,730$2,343$1,238
15 years$3,925$3,360$2,865$2,435$2,063$1,031
16 years$3,642$3,083$2,598$2,180$1,823$861
17 years$3,392$2,839$2,364$1,959$1,617$721
18 years$3,170$2,623$2,158$1,765$1,437$605
19 years$2,972$2,431$1,975$1,595$1,281$508
20 years$2,794$2,259$1,813$1,445$1,144$427
21 years$2,633$2,104$1,667$1,311$1,024$360
22 years$2,487$1,964$1,537$1,192$918$303
23 years$2,353$1,837$1,419$1,086$824$256
24 years$2,231$1,721$1,312$990$741$216
25 years$2,119$1,615$1,215$904$666$182
26 years$2,016$1,518$1,127$827$600$154
27 years$1,921$1,429$1,047$757$541$130
28 years$1,832$1,346$973$693$488$110
29 years$1,750$1,270$906$636$441$93
30 years$1,673$1,200$843$584$398$79
31 years$1,602$1,134$786$536$360$66
32 years$1,535$1,073$734$493$326$56
33 years$1,472$1,016$685$453$295$48
34 years$1,413$963$640$417$267$40
35 years$1,358$913$598$384$242$34
36 years$1,306$867$560$353$219$29
37 years$1,256$823$524$326$199$24
38 years$1,210$783$491$300$180$21
39 years$1,166$744$460$277$163$17
40 years$1,124$708$431$255$148$15
41 years$1,084$674$404$235$134$13
42 years$1,047$642$379$217$122$11
43 years$1,011$612$356$201$111$9
44 years$977$583$334$185$100$8
45 years$944$556$313$171$91$6
46 years$913$530$294$158$83$5
47 years$884$506$277$146$75$5
48 years$855$483$260$135$68$4
49 years$828$461$244$125$62$3
50 years$803$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $822,000, adding $2,748 every year, while hoping to spend $38,478 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: 70/15/15 Blend
63$822,000$822,000$822,000$822,000
64$908,679$865,113$852,372$968,982
65$960,423$866,563$839,986$1,010,873
66$1,016,157$866,794$825,895$1,051,826
67$1,076,245$865,707$810,003$1,095,654
68$1,141,089$863,195$792,205$1,142,636
69$1,211,133$859,143$772,397$1,193,078
70$1,286,861$853,434$750,464$1,247,318
71$1,368,807$845,939$726,291$1,305,731
72$1,457,558$836,523$699,755$1,368,728
73$1,553,760$825,043$670,728$1,436,766
74$1,658,121$811,348$639,075$1,510,347
75$1,771,423$795,277$604,657$1,590,026
76$1,894,523$776,660$567,328$1,676,416
77$2,028,365$755,317$526,934$1,770,194
78$2,173,987$731,058$483,316$1,872,105
79$2,332,534$703,679$436,306$1,982,973
80$2,505,261$672,968$385,731$2,103,709
81$2,693,552$638,699$331,409$2,235,316
82$2,898,932$600,632$273,148$2,378,901
83$3,123,075$558,515$210,750$2,535,688
84$3,367,827$512,080$144,009$2,707,025
85$3,635,219$461,046$72,707$2,894,402
86$3,927,487$405,113$0$3,099,462
87$4,247,092$343,965$0$3,324,559
88$4,596,746$277,270$0$3,583,606
89$4,979,433$204,675$0$3,867,200
90$5,398,439$125,808$0$4,177,818
91$5,857,384$40,277$0$4,518,190
92$6,360,253$0$0$4,891,325
93$6,911,435$0$0$5,309,178
94$7,515,764$0$0$5,774,654
95$8,178,564$0$0$6,285,214
96$8,905,701$0$0$6,845,380
97$9,703,632$0$0$7,460,133
98$10,579,473$0$0$8,134,961
99$11,541,061$0$0$8,875,910
100$12,597,029$0$0$9,689,638