Can I retire at age 64 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$68,210$67,603$67,010$66,431$65,866$63,631
2 years$33,767$33,139$32,529$31,938$31,365$29,135
3 years$22,288$21,656$21,048$20,463$19,899$17,745
4 years$16,549$15,920$15,318$14,743$14,192$12,130
5 years$13,107$12,481$11,887$11,324$10,789$8,824
6 years$10,813$10,192$9,607$9,056$8,537$6,672
7 years$9,175$8,559$7,983$7,445$6,943$5,176
8 years$7,947$7,337$6,770$6,246$5,760$4,091
9 years$6,993$6,388$5,831$5,320$4,850$3,277
10 years$6,229$5,631$5,084$4,586$4,133$2,652
11 years$5,605$5,013$4,476$3,991$3,554$2,164
12 years$5,086$4,499$3,972$3,501$3,080$1,777
13 years$4,646$4,066$3,549$3,091$2,686$1,466
14 years$4,270$3,696$3,189$2,743$2,354$1,215
15 years$3,944$3,376$2,879$2,447$2,073$1,010
16 years$3,659$3,098$2,610$2,191$1,832$841
17 years$3,408$2,853$2,375$1,968$1,625$703
18 years$3,186$2,636$2,168$1,774$1,444$588
19 years$2,986$2,443$1,985$1,603$1,287$493
20 years$2,807$2,270$1,822$1,452$1,150$414
21 years$2,646$2,115$1,676$1,317$1,029$347
22 years$2,499$1,974$1,544$1,198$922$292
23 years$2,365$1,846$1,426$1,091$828$246
24 years$2,242$1,730$1,319$995$744$207
25 years$2,130$1,623$1,221$909$670$174
26 years$2,026$1,526$1,133$831$603$147
27 years$1,930$1,436$1,052$761$544$124
28 years$1,841$1,353$978$697$491$104
29 years$1,758$1,276$910$639$443$88
30 years$1,681$1,205$848$586$400$74
31 years$1,610$1,139$790$539$362$63
32 years$1,542$1,078$737$495$327$53
33 years$1,479$1,021$688$455$296$45
34 years$1,420$968$643$419$268$38
35 years$1,364$918$601$386$243$32
36 years$1,312$871$563$355$220$27
37 years$1,262$827$527$327$200$23
38 years$1,216$786$493$302$181$19
39 years$1,171$748$462$278$164$16
40 years$1,129$711$433$256$149$14
41 years$1,089$677$406$237$135$12
42 years$1,052$645$381$218$123$10
43 years$1,016$615$357$202$111$8
44 years$981$586$335$186$101$7
45 years$949$559$315$172$92$6
46 years$918$533$296$159$83$5
47 years$888$508$278$147$76$4
48 years$860$485$261$136$69$4
49 years$832$464$245$125$62$3
50 years$806$443$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $826,000, adding $6,560 every year, while hoping to spend $30,436 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: 25/48/27 Blend
63$826,000$826,000$826,000$826,000
64$917,019$873,241$860,438$932,041
65$978,171$883,646$856,879$955,407
66$1,044,541$893,541$852,180$977,423
67$1,116,628$902,868$846,272$1,000,392
68$1,194,982$911,567$839,081$1,024,415
69$1,280,210$919,573$830,530$1,049,605
70$1,372,975$926,817$820,537$1,076,088
71$1,474,012$933,224$809,018$1,104,004
72$1,584,126$938,716$795,884$1,133,513
73$1,704,203$943,210$781,043$1,164,789
74$1,835,222$946,617$764,398$1,198,031
75$1,978,255$948,842$745,846$1,233,459
76$2,134,488$949,786$725,282$1,271,319
77$2,305,221$949,341$702,594$1,311,884
78$2,491,888$947,393$677,666$1,355,460
79$2,696,070$943,824$650,377$1,402,389
80$2,919,502$938,506$620,598$1,453,048
81$3,164,101$931,302$588,198$1,507,861
82$3,431,974$922,070$553,037$1,567,297
83$3,725,441$910,657$514,969$1,631,879
84$4,047,059$896,902$473,844$1,702,186
85$4,399,643$880,635$429,502$1,778,865
86$4,786,294$861,673$381,777$1,862,633
87$5,210,427$839,826$330,498$1,954,286
88$5,675,803$814,890$275,482$2,054,706
89$6,186,566$786,650$216,541$2,164,876
90$6,747,279$754,880$153,479$2,285,883
91$7,362,970$719,338$86,089$2,418,933
92$8,039,177$679,769$14,157$2,565,365
93$8,782,000$635,905$0$2,726,661
94$9,598,160$587,460$0$2,922,500
95$10,495,061$534,135$0$3,142,192
96$11,480,859$475,609$0$3,383,739
97$12,564,541$411,548$0$3,649,448
98$13,756,007$341,597$0$3,941,866
99$15,066,163$265,378$0$4,263,810
100$16,507,027$182,497$0$4,618,388