Can I retire at age 64 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,128$67,521$66,929$66,351$65,787$65,372
2 years$33,727$33,098$32,490$31,899$31,327$30,909
3 years$22,261$21,630$21,023$20,438$19,875$19,466
4 years$16,529$15,900$15,299$14,725$14,175$13,779
5 years$13,091$12,466$11,873$11,310$10,776$10,393
6 years$10,800$10,180$9,595$9,045$8,526$8,158
7 years$9,164$8,549$7,974$7,436$6,934$6,580
8 years$7,938$7,328$6,762$6,238$5,753$5,413
9 years$6,984$6,380$5,824$5,313$4,845$4,519
10 years$6,222$5,624$5,078$4,580$4,128$3,816
11 years$5,599$5,007$4,470$3,986$3,550$3,252
12 years$5,080$4,494$3,967$3,496$3,076$2,792
13 years$4,641$4,061$3,545$3,087$2,683$2,412
14 years$4,265$3,691$3,185$2,740$2,352$2,094
15 years$3,940$3,372$2,875$2,444$2,071$1,825
16 years$3,655$3,094$2,607$2,188$1,830$1,597
17 years$3,404$2,849$2,372$1,966$1,623$1,402
18 years$3,182$2,633$2,166$1,772$1,443$1,233
19 years$2,983$2,440$1,982$1,601$1,286$1,088
20 years$2,804$2,267$1,819$1,450$1,149$961
21 years$2,642$2,112$1,674$1,316$1,028$851
22 years$2,496$1,972$1,542$1,196$921$754
23 years$2,362$1,844$1,424$1,090$827$670
24 years$2,239$1,728$1,317$994$743$595
25 years$2,127$1,621$1,220$908$669$529
26 years$2,023$1,524$1,131$830$603$471
27 years$1,928$1,434$1,051$760$543$420
28 years$1,839$1,351$977$696$490$375
29 years$1,756$1,275$909$638$443$334
30 years$1,679$1,204$847$586$400$298
31 years$1,608$1,138$789$538$362$267
32 years$1,540$1,077$736$494$327$238
33 years$1,477$1,020$688$455$296$213
34 years$1,418$967$642$418$268$190
35 years$1,363$917$601$385$243$170
36 years$1,310$870$562$355$220$152
37 years$1,261$826$526$327$199$136
38 years$1,214$785$492$301$181$122
39 years$1,170$747$461$278$164$109
40 years$1,128$711$432$256$149$98
41 years$1,088$676$406$236$135$88
42 years$1,050$644$380$218$122$79
43 years$1,014$614$357$201$111$70
44 years$980$585$335$186$101$63
45 years$948$558$315$172$92$56
46 years$917$532$295$159$83$51
47 years$887$508$278$147$75$45
48 years$859$485$261$135$69$41
49 years$831$463$245$125$62$36
50 years$805$442$231$116$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $825,000, adding $5,299 every year, while hoping to spend $51,243 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: 57/22/21 Blend
63$825,000$825,000$825,000$825,000
64$914,616$870,891$858,103$961,314
65$953,385$859,042$832,328$981,894
66$994,390$844,896$803,971$998,363
67$1,037,807$828,285$772,893$1,015,191
68$1,083,825$809,032$738,946$1,032,424
69$1,132,651$786,951$701,978$1,050,118
70$1,184,514$761,844$661,826$1,068,334
71$1,239,661$733,501$618,324$1,087,144
72$1,298,365$701,701$571,296$1,106,630
73$1,360,922$666,208$520,559$1,126,884
74$1,427,659$626,776$465,921$1,148,013
75$1,498,933$583,140$407,182$1,170,137
76$1,575,135$535,025$344,133$1,193,392
77$1,656,694$482,136$276,556$1,217,934
78$1,744,080$424,164$204,224$1,243,937
79$1,837,809$360,781$126,899$1,271,597
80$1,938,447$291,641$44,331$1,301,137
81$2,046,616$216,378$0$1,332,807
82$2,162,997$134,607$0$1,376,697
83$2,288,338$45,919$0$1,434,551
84$2,423,464$0$0$1,496,843
85$2,569,276$0$0$1,576,165
86$2,726,767$0$0$1,673,904
87$2,897,029$0$0$1,779,627
88$3,081,259$0$0$1,894,086
89$3,280,775$0$0$2,018,107
90$3,497,028$0$0$2,152,600
91$3,731,608$0$0$2,298,562
92$3,986,270$0$0$2,457,095
93$4,262,938$0$0$2,629,406
94$4,563,735$0$0$2,816,826
95$4,890,990$0$0$3,020,819
96$5,247,272$0$0$3,242,994
97$5,635,401$0$0$3,485,124
98$6,058,487$0$0$3,749,158
99$6,519,948$0$0$4,037,243
100$7,023,549$0$0$4,351,741