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%11.1%
1 years$68,375$67,766$67,172$66,592$66,026$65,720
2 years$33,849$33,219$32,608$32,015$31,441$31,132
3 years$22,342$21,709$21,099$20,513$19,947$19,645
4 years$16,590$15,958$15,355$14,778$14,227$13,934
5 years$13,139$12,512$11,916$11,351$10,815$10,532
6 years$10,839$10,217$9,630$9,078$8,557$8,285
7 years$9,197$8,580$8,003$7,463$6,959$6,697
8 years$7,966$7,355$6,787$6,261$5,774$5,521
9 years$7,010$6,403$5,845$5,333$4,862$4,620
10 years$6,244$5,644$5,096$4,597$4,143$3,911
11 years$5,619$5,025$4,487$4,001$3,563$3,341
12 years$5,098$4,510$3,982$3,509$3,088$2,876
13 years$4,658$4,076$3,557$3,098$2,692$2,491
14 years$4,280$3,705$3,196$2,750$2,360$2,168
15 years$3,954$3,384$2,886$2,453$2,078$1,895
16 years$3,668$3,105$2,617$2,196$1,837$1,662
17 years$3,417$2,860$2,381$1,973$1,628$1,463
18 years$3,193$2,642$2,173$1,778$1,448$1,291
19 years$2,994$2,449$1,990$1,607$1,291$1,142
20 years$2,814$2,276$1,826$1,455$1,153$1,012
21 years$2,652$2,120$1,680$1,321$1,032$898
22 years$2,505$1,979$1,548$1,201$925$799
23 years$2,370$1,851$1,429$1,094$830$711
24 years$2,248$1,734$1,322$997$746$634
25 years$2,135$1,627$1,224$911$671$566
26 years$2,031$1,529$1,136$833$605$505
27 years$1,935$1,439$1,054$762$545$452
28 years$1,845$1,356$980$698$492$404
29 years$1,763$1,279$912$641$444$362
30 years$1,685$1,208$850$588$401$324
31 years$1,613$1,142$792$540$363$290
32 years$1,546$1,081$739$496$328$260
33 years$1,483$1,024$690$456$297$233
34 years$1,423$970$645$420$269$209
35 years$1,368$920$603$386$244$188
36 years$1,315$873$564$356$221$169
37 years$1,265$829$528$328$200$152
38 years$1,218$788$494$302$181$136
39 years$1,174$750$463$279$164$122
40 years$1,132$713$434$257$149$110
41 years$1,092$679$407$237$135$99
42 years$1,054$647$382$219$123$89
43 years$1,018$616$358$202$111$80
44 years$984$587$336$187$101$72
45 years$951$560$316$172$92$65
46 years$920$534$297$159$83$58
47 years$890$510$279$147$76$52
48 years$862$487$262$136$69$47
49 years$834$465$246$126$62$42
50 years$808$444$231$116$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $828,000, adding $5,379 every year, while hoping to spend $23,515 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: 37/43/20 Blend
63$828,000$828,000$828,000$828,000
64$918,004$874,120$861,286$946,261
65$986,621$891,933$865,120$985,068
66$1,061,449$909,829$868,293$1,024,359
67$1,143,095$927,790$870,760$1,066,314
68$1,232,232$945,792$872,471$1,111,188
69$1,329,595$963,812$873,375$1,159,258
70$1,435,997$981,822$873,416$1,210,833
71$1,552,332$999,794$872,539$1,266,253
72$1,679,584$1,017,698$870,683$1,325,893
73$1,818,836$1,035,500$867,785$1,390,167
74$1,971,281$1,053,164$863,780$1,459,531
75$2,138,235$1,070,652$858,600$1,534,490
76$2,321,143$1,087,921$852,171$1,615,600
77$2,521,598$1,104,929$844,418$1,703,476
78$2,741,357$1,121,626$835,262$1,798,795
79$2,982,352$1,137,962$824,619$1,902,304
80$3,246,712$1,153,882$812,404$2,014,830
81$3,536,781$1,169,327$798,524$2,137,283
82$3,855,143$1,184,235$782,885$2,270,668
83$4,204,643$1,198,537$765,387$2,416,095
84$4,588,414$1,212,163$745,925$2,574,788
85$5,009,910$1,225,036$724,390$2,748,097
86$5,472,932$1,237,074$700,669$2,937,512
87$5,981,671$1,248,191$674,641$3,144,679
88$6,540,742$1,258,293$646,182$3,371,411
89$7,155,230$1,267,281$615,161$3,619,710
90$7,830,736$1,275,051$581,442$3,891,785
91$8,573,433$1,281,491$544,883$4,190,072
92$9,390,120$1,286,481$505,333$4,517,259
93$10,288,288$1,289,894$462,637$4,876,312
94$11,276,191$1,291,597$416,633$5,270,502
95$12,362,923$1,291,445$367,151$5,703,436
96$13,558,503$1,289,288$314,013$6,179,097
97$14,873,971$1,284,964$257,033$6,701,872
98$16,321,491$1,278,302$196,018$7,276,606
99$17,914,464$1,269,120$130,766$7,908,640
100$19,667,659$1,257,226$61,066$8,603,863