Can I retire at age 64 with 824,000?

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 $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%12.4%
1 years$68,045$67,439$66,848$66,271$65,707$65,048
2 years$33,686$33,058$32,450$31,861$31,289$30,625
3 years$22,234$21,604$20,998$20,414$19,851$19,203
4 years$16,509$15,881$15,281$14,707$14,158$13,531
5 years$13,075$12,451$11,859$11,296$10,763$10,158
6 years$10,787$10,167$9,583$9,034$8,516$7,935
7 years$9,153$8,538$7,964$7,427$6,926$6,368
8 years$7,928$7,319$6,754$6,230$5,746$5,212
9 years$6,976$6,373$5,817$5,307$4,839$4,328
10 years$6,214$5,617$5,072$4,575$4,123$3,636
11 years$5,592$5,001$4,465$3,981$3,546$3,081
12 years$5,073$4,488$3,963$3,492$3,073$2,631
13 years$4,635$4,056$3,540$3,083$2,679$2,259
14 years$4,260$3,687$3,181$2,737$2,349$1,950
15 years$3,935$3,368$2,872$2,441$2,068$1,689
16 years$3,651$3,090$2,604$2,185$1,828$1,469
17 years$3,400$2,846$2,369$1,964$1,621$1,281
18 years$3,178$2,630$2,163$1,770$1,441$1,120
19 years$2,979$2,437$1,980$1,599$1,284$982
20 years$2,801$2,265$1,817$1,448$1,147$862
21 years$2,639$2,110$1,671$1,314$1,027$758
22 years$2,493$1,969$1,541$1,195$920$667
23 years$2,359$1,842$1,422$1,088$826$588
24 years$2,237$1,726$1,315$993$742$519
25 years$2,124$1,619$1,218$906$668$459
26 years$2,021$1,522$1,130$829$602$406
27 years$1,925$1,432$1,049$759$543$359
28 years$1,837$1,350$975$695$490$318
29 years$1,754$1,273$908$637$442$281
30 years$1,677$1,202$846$585$399$249
31 years$1,606$1,137$788$537$361$221
32 years$1,539$1,076$735$494$327$196
33 years$1,476$1,019$687$454$296$174
34 years$1,417$965$642$418$268$154
35 years$1,361$916$600$385$242$137
36 years$1,309$869$561$354$220$122
37 years$1,259$825$525$326$199$108
38 years$1,213$784$492$301$180$96
39 years$1,168$746$461$277$164$85
40 years$1,127$710$432$256$148$76
41 years$1,087$676$405$236$135$67
42 years$1,049$643$380$218$122$60
43 years$1,013$613$357$201$111$53
44 years$979$584$335$186$101$47
45 years$946$557$314$171$91$42
46 years$915$532$295$158$83$37
47 years$886$507$277$146$75$33
48 years$857$484$261$135$68$30
49 years$830$462$245$125$62$26
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 $2,585 every year, while hoping to spend $32,225 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: 53/27/20 Blend
63$824,000$824,000$824,000$824,000
64$910,714$867,042$854,270$953,865
65$969,320$875,240$848,601$991,978
66$1,032,824$882,760$841,662$1,029,843
67$1,101,690$889,534$833,377$1,070,354
68$1,176,432$895,491$823,664$1,113,773
69$1,257,613$900,554$812,441$1,160,389
70$1,345,851$904,643$799,620$1,210,523
71$1,441,828$907,670$785,107$1,264,531
72$1,546,294$909,546$768,808$1,322,803
73$1,660,073$910,171$750,620$1,385,774
74$1,784,074$909,442$730,439$1,453,923
75$1,919,295$907,251$708,154$1,527,779
76$2,066,835$903,479$683,650$1,607,927
77$2,227,906$898,003$656,806$1,695,015
78$2,403,839$890,691$627,496$1,789,757
79$2,596,101$881,405$595,587$1,892,943
80$2,806,306$869,997$560,942$2,005,447
81$3,036,232$856,310$523,417$2,128,232
82$3,287,837$840,178$482,860$2,262,363
83$3,563,276$821,426$439,115$2,409,018
84$3,864,921$799,868$392,017$2,569,496
85$4,195,388$775,306$341,394$2,745,232
86$4,557,554$747,532$287,068$2,937,811
87$4,954,590$716,326$228,849$3,148,985
88$5,389,986$681,454$166,544$3,380,685
89$5,867,588$642,670$99,947$3,635,046
90$6,391,633$599,711$28,846$3,914,424
91$6,966,785$552,302$0$4,221,419
92$7,598,183$500,151$0$4,568,940
93$8,291,488$442,949$0$4,957,340
94$9,052,937$380,371$0$5,384,006
95$9,889,399$312,071$0$5,852,853
96$10,808,442$237,687$0$6,368,198
97$11,818,402$156,832$0$6,934,800
98$12,928,464$69,102$0$7,557,908
99$14,148,747$0$0$8,243,311
100$15,490,398$0$0$9,005,096