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%17.1%
1 years$67,880$67,275$66,685$66,110$65,547$63,653
2 years$33,604$32,978$32,372$31,783$31,213$29,320
3 years$22,180$21,552$20,947$20,364$19,803$17,970
4 years$16,469$15,843$15,244$14,671$14,124$12,365
5 years$13,044$12,421$11,830$11,269$10,737$9,057
6 years$10,761$10,143$9,560$9,012$8,495$6,896
7 years$9,131$8,518$7,945$7,409$6,909$5,390
8 years$7,909$7,301$6,738$6,215$5,732$4,293
9 years$6,959$6,357$5,803$5,294$4,827$3,466
10 years$6,199$5,603$5,059$4,564$4,113$2,829
11 years$5,578$4,988$4,454$3,972$3,537$2,327
12 years$5,061$4,477$3,953$3,484$3,065$1,927
13 years$4,624$4,046$3,532$3,076$2,673$1,604
14 years$4,249$3,678$3,173$2,730$2,343$1,341
15 years$3,925$3,360$2,865$2,435$2,063$1,125
16 years$3,642$3,083$2,598$2,180$1,823$946
17 years$3,392$2,839$2,364$1,959$1,617$798
18 years$3,170$2,623$2,158$1,765$1,437$674
19 years$2,972$2,431$1,975$1,595$1,281$571
20 years$2,794$2,259$1,813$1,445$1,144$484
21 years$2,633$2,104$1,667$1,311$1,024$410
22 years$2,487$1,964$1,537$1,192$918$349
23 years$2,353$1,837$1,419$1,086$824$296
24 years$2,231$1,721$1,312$990$741$252
25 years$2,119$1,615$1,215$904$666$214
26 years$2,016$1,518$1,127$827$600$183
27 years$1,921$1,429$1,047$757$541$156
28 years$1,832$1,346$973$693$488$133
29 years$1,750$1,270$906$636$441$113
30 years$1,673$1,200$843$584$398$96
31 years$1,602$1,134$786$536$360$82
32 years$1,535$1,073$734$493$326$70
33 years$1,472$1,016$685$453$295$60
34 years$1,413$963$640$417$267$51
35 years$1,358$913$598$384$242$44
36 years$1,306$867$560$353$219$37
37 years$1,256$823$524$326$199$32
38 years$1,210$783$491$300$180$27
39 years$1,166$744$460$277$163$23
40 years$1,124$708$431$255$148$20
41 years$1,084$674$404$235$134$17
42 years$1,047$642$379$217$122$14
43 years$1,011$612$356$201$111$12
44 years$977$583$334$185$100$10
45 years$944$556$313$171$91$9
46 years$913$530$294$158$83$8
47 years$884$506$277$146$75$7
48 years$855$483$260$135$68$6
49 years$828$461$244$125$62$5
50 years$803$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $822,000, adding $6,618 every year, while hoping to spend $41,536 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: 69/26/5 Blend
63$822,000$822,000$822,000$822,000
64$912,670$869,104$856,363$974,690
65$961,569$867,497$840,858$1,014,958
66$1,014,063$864,418$823,440$1,053,251
67$1,070,475$859,752$804,003$1,093,991
68$1,131,160$853,377$782,434$1,137,407
69$1,196,508$845,161$758,615$1,183,754
70$1,266,944$834,967$732,421$1,233,312
71$1,342,940$822,648$703,725$1,286,392
72$1,425,010$808,048$672,390$1,343,338
73$1,513,722$791,003$638,276$1,404,528
74$1,609,698$771,339$601,235$1,470,380
75$1,713,624$748,871$561,112$1,541,358
76$1,826,252$723,404$517,748$1,617,972
77$1,948,409$694,730$470,972$1,700,787
78$2,081,007$662,632$420,610$1,790,426
79$2,225,047$626,878$366,477$1,887,579
80$2,381,629$587,223$308,382$1,993,005
81$2,551,966$543,408$246,124$2,107,547
82$2,737,392$495,159$179,493$2,232,132
83$2,939,371$442,188$108,272$2,367,785
84$3,159,520$384,188$32,232$2,515,640
85$3,399,615$320,837$0$2,676,947
86$3,661,610$251,793$0$2,855,697
87$3,947,659$176,695$0$3,052,809
88$4,260,131$95,164$0$3,268,261
89$4,601,634$6,796$0$3,503,925
90$4,975,040$0$0$3,761,871
91$5,383,511$0$0$4,069,795
92$5,830,527$0$0$4,408,951
93$6,319,923$0$0$4,780,307
94$6,855,920$0$0$5,187,073
95$7,443,167$0$0$5,632,784
96$8,086,783$0$0$6,121,331
97$8,792,406$0$0$6,657,000
98$9,566,248$0$0$7,244,514
99$10,415,147$0$0$7,889,072
100$11,346,639$0$0$8,596,402