Can I retire at age 64 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$67,963$67,357$66,767$66,190$65,627$64,067
2 years$33,645$33,018$32,411$31,822$31,251$29,688
3 years$22,207$21,578$20,972$20,389$19,827$18,310
4 years$16,489$15,862$15,262$14,689$14,141$12,682
5 years$13,060$12,436$11,844$11,283$10,750$9,353
6 years$10,774$10,155$9,572$9,023$8,506$7,172
7 years$9,142$8,528$7,954$7,418$6,917$5,648
8 years$7,918$7,310$6,746$6,223$5,739$4,532
9 years$6,967$6,365$5,810$5,300$4,833$3,688
10 years$6,207$5,610$5,065$4,569$4,118$3,034
11 years$5,585$4,994$4,460$3,976$3,541$2,517
12 years$5,067$4,483$3,958$3,488$3,069$2,103
13 years$4,629$4,051$3,536$3,079$2,676$1,766
14 years$4,255$3,682$3,177$2,733$2,346$1,489
15 years$3,930$3,364$2,868$2,438$2,066$1,261
16 years$3,646$3,086$2,601$2,183$1,826$1,071
17 years$3,396$2,842$2,367$1,961$1,619$911
18 years$3,174$2,626$2,160$1,767$1,439$777
19 years$2,976$2,434$1,978$1,597$1,283$664
20 years$2,797$2,262$1,815$1,446$1,146$569
21 years$2,636$2,107$1,669$1,313$1,025$487
22 years$2,490$1,967$1,539$1,194$919$418
23 years$2,356$1,839$1,421$1,087$825$359
24 years$2,234$1,723$1,314$991$742$309
25 years$2,122$1,617$1,217$905$667$265
26 years$2,018$1,520$1,129$828$601$228
27 years$1,923$1,431$1,048$758$542$197
28 years$1,834$1,348$974$694$489$169
29 years$1,752$1,272$907$637$442$146
30 years$1,675$1,201$845$584$399$126
31 years$1,604$1,135$787$537$361$108
32 years$1,537$1,074$735$493$326$93
33 years$1,474$1,017$686$454$295$81
34 years$1,415$964$641$417$267$70
35 years$1,359$915$599$384$242$60
36 years$1,307$868$560$354$219$52
37 years$1,258$824$525$326$199$45
38 years$1,211$783$491$300$180$39
39 years$1,167$745$460$277$163$33
40 years$1,125$709$431$256$148$29
41 years$1,085$675$405$236$135$25
42 years$1,048$643$379$218$122$21
43 years$1,012$612$356$201$111$18
44 years$978$584$334$185$101$16
45 years$945$557$314$171$91$14
46 years$914$531$295$158$83$12
47 years$885$507$277$146$75$10
48 years$856$484$260$135$68$9
49 years$829$462$245$125$62$8
50 years$804$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $823,000, adding $4,991 every year, while hoping to spend $43,505 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: 36/49/15 Blend
63$823,000$823,000$823,000$823,000
64$912,094$868,475$855,719$940,570
65$958,839$864,742$838,096$957,846
66$1,008,893$859,367$818,425$971,987
67$1,062,549$852,225$796,592$986,317
68$1,120,127$843,181$772,475$1,000,874
69$1,181,977$832,094$745,950$1,015,705
70$1,248,485$818,813$716,886$1,030,867
71$1,320,074$803,179$685,145$1,046,423
72$1,397,209$785,022$650,585$1,062,449
73$1,480,401$764,164$613,056$1,079,032
74$1,570,209$740,415$572,400$1,096,274
75$1,667,250$713,575$528,455$1,114,290
76$1,772,200$683,432$481,050$1,133,214
77$1,885,805$649,760$430,005$1,153,197
78$2,008,882$612,323$375,135$1,174,414
79$2,142,331$570,870$316,245$1,197,063
80$2,287,140$525,134$253,131$1,221,367
81$2,444,398$474,836$185,581$1,247,581
82$2,615,302$419,678$113,372$1,275,993
83$2,801,167$359,346$36,275$1,306,930
84$3,003,443$293,511$0$1,340,756
85$3,223,722$221,821$0$1,385,249
86$3,463,758$143,907$0$1,440,186
87$3,725,482$59,378$0$1,500,319
88$4,011,016$0$0$1,566,278
89$4,322,699$0$0$1,656,117
90$4,663,105$0$0$1,789,311
91$5,035,065$0$0$1,934,966
92$5,441,700$0$0$2,094,316
93$5,886,443$0$0$2,268,722
94$6,373,076$0$0$2,459,682
95$6,905,760$0$0$2,668,847
96$7,489,081$0$0$2,898,031
97$8,128,087$0$0$3,149,237
98$8,828,338$0$0$3,424,668
99$9,595,957$0$0$3,726,750
100$10,437,688$0$0$4,058,156