Can I retire at age 64 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$68,045$67,439$66,848$66,271$65,707$65,021
2 years$33,686$33,058$32,450$31,861$31,289$30,598
3 years$22,234$21,604$20,998$20,414$19,851$19,177
4 years$16,509$15,881$15,281$14,707$14,158$13,505
5 years$13,075$12,451$11,859$11,296$10,763$10,134
6 years$10,787$10,167$9,583$9,034$8,516$7,912
7 years$9,153$8,538$7,964$7,427$6,926$6,346
8 years$7,928$7,319$6,754$6,230$5,746$5,191
9 years$6,976$6,373$5,817$5,307$4,839$4,308
10 years$6,214$5,617$5,072$4,575$4,123$3,617
11 years$5,592$5,001$4,465$3,981$3,546$3,063
12 years$5,073$4,488$3,963$3,492$3,073$2,613
13 years$4,635$4,056$3,540$3,083$2,679$2,243
14 years$4,260$3,687$3,181$2,737$2,349$1,934
15 years$3,935$3,368$2,872$2,441$2,068$1,675
16 years$3,651$3,090$2,604$2,185$1,828$1,456
17 years$3,400$2,846$2,369$1,964$1,621$1,269
18 years$3,178$2,630$2,163$1,770$1,441$1,109
19 years$2,979$2,437$1,980$1,599$1,284$971
20 years$2,801$2,265$1,817$1,448$1,147$851
21 years$2,639$2,110$1,671$1,314$1,027$748
22 years$2,493$1,969$1,541$1,195$920$658
23 years$2,359$1,842$1,422$1,088$826$580
24 years$2,237$1,726$1,315$993$742$511
25 years$2,124$1,619$1,218$906$668$451
26 years$2,021$1,522$1,130$829$602$399
27 years$1,925$1,432$1,049$759$543$353
28 years$1,837$1,350$975$695$490$312
29 years$1,754$1,273$908$637$442$276
30 years$1,677$1,202$846$585$399$244
31 years$1,606$1,137$788$537$361$217
32 years$1,539$1,076$735$494$327$192
33 years$1,476$1,019$687$454$296$170
34 years$1,417$965$642$418$268$151
35 years$1,361$916$600$385$242$134
36 years$1,309$869$561$354$220$119
37 years$1,259$825$525$326$199$105
38 years$1,213$784$492$301$180$94
39 years$1,168$746$461$277$164$83
40 years$1,127$710$432$256$148$74
41 years$1,087$676$405$236$135$65
42 years$1,049$643$380$218$122$58
43 years$1,013$613$357$201$111$52
44 years$979$584$335$186$101$46
45 years$946$557$314$171$91$41
46 years$915$532$295$158$83$36
47 years$886$507$277$146$75$32
48 years$857$484$261$135$68$29
49 years$830$462$245$125$62$25
50 years$805$442$230$116$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $824,000, adding $4,518 every year, while hoping to spend $33,022 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: 59/31/10 Blend
63$824,000$824,000$824,000$824,000
64$912,708$869,036$856,264$964,155
65$970,669$876,484$849,814$1,006,728
66$1,033,436$883,190$842,041$1,049,002
67$1,101,463$889,083$832,866$1,094,289
68$1,175,251$894,086$822,206$1,142,883
69$1,255,351$898,121$809,974$1,195,106
70$1,342,368$901,100$796,079$1,251,314
71$1,436,968$902,933$780,427$1,311,901
72$1,539,884$903,522$762,917$1,377,302
73$1,651,923$902,766$743,445$1,447,998
74$1,773,972$900,553$721,903$1,524,517
75$1,907,006$896,770$698,176$1,607,446
76$2,052,101$891,291$672,144$1,697,430
77$2,210,438$883,988$643,684$1,795,184
78$2,383,320$874,720$612,665$1,901,496
79$2,572,180$863,343$578,951$2,017,235
80$2,778,595$849,699$542,398$2,143,361
81$3,004,302$833,625$502,858$2,280,937
82$3,251,213$814,945$460,177$2,431,131
83$3,521,434$793,474$414,190$2,595,236
84$3,817,283$769,017$364,728$2,774,678
85$4,141,314$741,367$311,614$2,971,033
86$4,496,338$710,304$254,663$3,186,037
87$4,885,451$675,596$193,682$3,421,609
88$5,312,065$636,998$128,468$3,679,865
89$5,779,934$594,250$58,810$3,963,142
90$6,293,197$547,077$0$4,274,017
91$6,856,409$495,190$0$4,616,992
92$7,474,589$438,281$0$5,000,354
93$8,153,268$376,027$0$5,421,309
94$8,898,533$308,085$0$5,883,707
95$9,717,096$234,093$0$6,391,792
96$10,616,346$153,670$0$6,950,244
97$11,604,424$66,411$0$7,564,226
98$12,690,301$0$0$8,239,430
99$13,883,857$0$0$8,991,725
100$15,195,978$0$0$9,843,729