Can I retire at age 64 with 822,000?

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 $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%11.6%
1 years$67,880$67,275$66,685$66,110$65,547$65,107
2 years$33,604$32,978$32,372$31,783$31,213$30,769
3 years$22,180$21,552$20,947$20,364$19,803$19,369
4 years$16,469$15,843$15,244$14,671$14,124$13,703
5 years$13,044$12,421$11,830$11,269$10,737$10,330
6 years$10,761$10,143$9,560$9,012$8,495$8,104
7 years$9,131$8,518$7,945$7,409$6,909$6,533
8 years$7,909$7,301$6,738$6,215$5,732$5,371
9 years$6,959$6,357$5,803$5,294$4,827$4,482
10 years$6,199$5,603$5,059$4,564$4,113$3,782
11 years$5,578$4,988$4,454$3,972$3,537$3,222
12 years$5,061$4,477$3,953$3,484$3,065$2,764
13 years$4,624$4,046$3,532$3,076$2,673$2,386
14 years$4,249$3,678$3,173$2,730$2,343$2,070
15 years$3,925$3,360$2,865$2,435$2,063$1,804
16 years$3,642$3,083$2,598$2,180$1,823$1,577
17 years$3,392$2,839$2,364$1,959$1,617$1,383
18 years$3,170$2,623$2,158$1,765$1,437$1,216
19 years$2,972$2,431$1,975$1,595$1,281$1,072
20 years$2,794$2,259$1,813$1,445$1,144$946
21 years$2,633$2,104$1,667$1,311$1,024$837
22 years$2,487$1,964$1,537$1,192$918$742
23 years$2,353$1,837$1,419$1,086$824$658
24 years$2,231$1,721$1,312$990$741$584
25 years$2,119$1,615$1,215$904$666$519
26 years$2,016$1,518$1,127$827$600$462
27 years$1,921$1,429$1,047$757$541$411
28 years$1,832$1,346$973$693$488$366
29 years$1,750$1,270$906$636$441$327
30 years$1,673$1,200$843$584$398$291
31 years$1,602$1,134$786$536$360$260
32 years$1,535$1,073$734$493$326$232
33 years$1,472$1,016$685$453$295$207
34 years$1,413$963$640$417$267$185
35 years$1,358$913$598$384$242$166
36 years$1,306$867$560$353$219$148
37 years$1,256$823$524$326$199$132
38 years$1,210$783$491$300$180$118
39 years$1,166$744$460$277$163$106
40 years$1,124$708$431$255$148$95
41 years$1,084$674$404$235$134$85
42 years$1,047$642$379$217$122$76
43 years$1,011$612$356$201$111$68
44 years$977$583$334$185$100$61
45 years$944$556$313$171$91$54
46 years$913$530$294$158$83$49
47 years$884$506$277$146$75$44
48 years$855$483$260$135$68$39
49 years$828$461$244$125$62$35
50 years$803$441$230$115$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $822,000, adding $3,483 every year, while hoping to spend $44,937 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: 74/10/16 Blend
63$822,000$822,000$822,000$822,000
64$909,437$865,871$853,130$973,223
65$954,387$860,486$833,897$1,010,541
66$1,002,415$853,331$812,514$1,045,550
67$1,053,789$844,272$788,861$1,082,716
68$1,108,801$833,166$762,813$1,122,242
69$1,167,771$819,864$734,239$1,164,353
70$1,231,051$804,204$703,004$1,209,295
71$1,299,027$786,019$668,963$1,257,342
72$1,372,122$765,128$631,968$1,308,796
73$1,450,802$741,343$591,862$1,363,991
74$1,535,577$714,462$548,482$1,423,295
75$1,627,007$684,272$501,658$1,487,116
76$1,725,710$650,550$451,212$1,555,903
77$1,832,362$613,056$396,957$1,630,153
78$1,947,708$571,541$338,700$1,710,414
79$2,072,565$525,737$276,237$1,797,292
80$2,207,832$475,363$209,356$1,891,455
81$2,354,498$420,124$137,837$1,993,643
82$2,513,651$359,703$61,448$2,104,671
83$2,686,485$293,770$0$2,225,440
84$2,874,316$221,975$0$2,360,370
85$3,078,591$143,947$0$2,518,551
86$3,300,902$59,294$0$2,690,738
87$3,542,999$0$0$2,878,315
88$3,806,811$0$0$3,086,374
89$4,094,458$0$0$3,320,377
90$4,408,274$0$0$3,575,703
91$4,750,830$0$0$3,854,447
92$5,124,953$0$0$4,158,914
93$5,533,757$0$0$4,491,643
94$5,980,669$0$0$4,855,430
95$6,469,465$0$0$5,253,350
96$7,004,299$0$0$5,688,791
97$7,589,747$0$0$6,165,486
98$8,230,847$0$0$6,687,540
99$8,933,149$0$0$7,259,480
100$9,702,762$0$0$7,886,286