Can I retire at age 64 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,375$67,766$67,172$66,592$66,026$65,445
2 years$33,849$33,219$32,608$32,015$31,441$30,856
3 years$22,342$21,709$21,099$20,513$19,947$19,376
4 years$16,590$15,958$15,355$14,778$14,227$13,673
5 years$13,139$12,512$11,916$11,351$10,815$10,281
6 years$10,839$10,217$9,630$9,078$8,557$8,044
7 years$9,197$8,580$8,003$7,463$6,959$6,467
8 years$7,966$7,355$6,787$6,261$5,774$5,302
9 years$7,010$6,403$5,845$5,333$4,862$4,411
10 years$6,244$5,644$5,096$4,597$4,143$3,711
11 years$5,619$5,025$4,487$4,001$3,563$3,151
12 years$5,098$4,510$3,982$3,509$3,088$2,695
13 years$4,658$4,076$3,557$3,098$2,692$2,319
14 years$4,280$3,705$3,196$2,750$2,360$2,006
15 years$3,954$3,384$2,886$2,453$2,078$1,741
16 years$3,668$3,105$2,617$2,196$1,837$1,517
17 years$3,417$2,860$2,381$1,973$1,628$1,326
18 years$3,193$2,642$2,173$1,778$1,448$1,162
19 years$2,994$2,449$1,990$1,607$1,291$1,020
20 years$2,814$2,276$1,826$1,455$1,153$898
21 years$2,652$2,120$1,680$1,321$1,032$791
22 years$2,505$1,979$1,548$1,201$925$698
23 years$2,370$1,851$1,429$1,094$830$617
24 years$2,248$1,734$1,322$997$746$546
25 years$2,135$1,627$1,224$911$671$483
26 years$2,031$1,529$1,136$833$605$428
27 years$1,935$1,439$1,054$762$545$380
28 years$1,845$1,356$980$698$492$337
29 years$1,763$1,279$912$641$444$299
30 years$1,685$1,208$850$588$401$266
31 years$1,613$1,142$792$540$363$236
32 years$1,546$1,081$739$496$328$210
33 years$1,483$1,024$690$456$297$187
34 years$1,423$970$645$420$269$166
35 years$1,368$920$603$386$244$148
36 years$1,315$873$564$356$221$132
37 years$1,265$829$528$328$200$117
38 years$1,218$788$494$302$181$105
39 years$1,174$750$463$279$164$93
40 years$1,132$713$434$257$149$83
41 years$1,092$679$407$237$135$74
42 years$1,054$647$382$219$123$66
43 years$1,018$616$358$202$111$59
44 years$984$587$336$187$101$52
45 years$951$560$316$172$92$47
46 years$920$534$297$159$83$42
47 years$890$510$279$147$76$37
48 years$862$487$262$136$69$33
49 years$834$465$246$126$62$29
50 years$808$444$231$116$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $828,000, adding $5,194 every year, while hoping to spend $24,799 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: 46/44/10 Blend
63$828,000$828,000$828,000$828,000
64$917,814$873,930$861,096$957,238
65$985,045$890,366$863,556$1,001,440
66$1,058,302$906,777$865,268$1,046,387
67$1,138,174$923,135$866,180$1,094,582
68$1,225,309$939,410$866,239$1,146,334
69$1,320,420$955,570$865,387$1,201,983
70$1,424,291$971,581$863,565$1,261,907
71$1,537,786$987,406$860,712$1,326,519
72$1,661,857$1,003,005$856,762$1,396,277
73$1,797,550$1,018,336$851,648$1,471,684
74$1,946,018$1,033,353$845,296$1,553,297
75$2,108,532$1,048,007$837,633$1,641,729
76$2,286,488$1,062,245$828,580$1,737,656
77$2,481,427$1,076,012$818,055$1,841,825
78$2,695,044$1,089,248$805,971$1,955,059
79$2,929,206$1,101,889$792,239$2,078,265
80$3,185,970$1,113,866$776,763$2,212,444
81$3,467,600$1,125,106$759,445$2,358,701
82$3,776,590$1,135,532$740,183$2,518,254
83$4,115,690$1,145,060$718,866$2,692,447
84$4,487,925$1,153,603$695,383$2,882,761
85$4,896,630$1,161,067$669,615$3,090,831
86$5,345,478$1,167,350$641,438$3,318,460
87$5,838,514$1,172,347$610,723$3,567,636
88$6,380,194$1,175,945$577,335$3,840,553
89$6,975,431$1,178,022$541,132$4,139,629
90$7,629,631$1,178,452$501,967$4,467,533
91$8,348,756$1,177,098$459,685$4,827,206
92$9,139,369$1,173,817$414,125$5,221,894
93$10,008,705$1,168,454$365,118$5,655,176
94$10,964,733$1,160,848$312,489$6,130,998
95$12,016,232$1,150,826$256,054$6,653,712
96$13,172,876$1,138,205$195,621$7,228,119
97$14,445,325$1,122,792$130,989$7,859,511
98$15,845,321$1,104,382$61,950$8,553,725
99$17,385,803$1,082,756$0$9,317,198
100$19,081,029$1,057,685$0$10,158,278