Can I retire at age 64 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,458$67,848$67,253$66,673$66,106$65,280
2 years$33,890$33,259$32,647$32,054$31,479$30,648
3 years$22,369$21,735$21,125$20,537$19,971$19,161
4 years$16,610$15,978$15,374$14,796$14,244$13,460
5 years$13,155$12,527$11,930$11,365$10,828$10,074
6 years$10,852$10,229$9,642$9,089$8,568$7,844
7 years$9,208$8,590$8,012$7,472$6,968$6,274
8 years$7,976$7,363$6,795$6,268$5,781$5,117
9 years$7,018$6,411$5,853$5,339$4,868$4,235
10 years$6,252$5,651$5,102$4,602$4,148$3,544
11 years$5,626$5,031$4,492$4,005$3,567$2,993
12 years$5,104$4,515$3,987$3,513$3,091$2,545
13 years$4,663$4,081$3,562$3,102$2,696$2,177
14 years$4,286$3,709$3,200$2,753$2,363$1,871
15 years$3,959$3,388$2,889$2,456$2,081$1,615
16 years$3,673$3,109$2,620$2,199$1,839$1,399
17 years$3,421$2,863$2,384$1,975$1,630$1,215
18 years$3,197$2,646$2,176$1,780$1,450$1,058
19 years$2,997$2,452$1,992$1,609$1,292$923
20 years$2,818$2,278$1,828$1,457$1,154$806
21 years$2,655$2,122$1,682$1,322$1,033$706
22 years$2,508$1,981$1,550$1,202$926$619
23 years$2,373$1,853$1,431$1,095$831$543
24 years$2,250$1,736$1,323$999$747$477
25 years$2,137$1,629$1,226$912$672$419
26 years$2,033$1,531$1,137$834$605$369
27 years$1,937$1,441$1,056$763$546$325
28 years$1,848$1,358$981$699$493$286
29 years$1,765$1,281$913$641$445$252
30 years$1,687$1,210$851$589$402$223
31 years$1,615$1,144$793$541$363$196
32 years$1,548$1,082$740$497$329$173
33 years$1,485$1,025$691$457$297$153
34 years$1,425$971$646$420$269$135
35 years$1,369$921$604$387$244$119
36 years$1,317$874$565$356$221$106
37 years$1,267$830$528$328$200$93
38 years$1,220$789$495$303$182$82
39 years$1,176$750$464$279$165$73
40 years$1,133$714$435$257$149$64
41 years$1,093$680$407$237$136$57
42 years$1,055$647$382$219$123$50
43 years$1,019$617$359$202$112$45
44 years$985$588$337$187$101$39
45 years$952$561$316$173$92$35
46 years$921$535$297$159$83$31
47 years$891$510$279$147$76$27
48 years$863$487$262$136$69$24
49 years$835$465$246$126$63$21
50 years$809$444$232$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $829,000, adding $6,038 every year, while hoping to spend $50,166 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: 57/15/28 Blend
63$829,000$829,000$829,000$829,000
64$919,786$875,849$863,000$964,838
65$960,228$865,390$838,534$985,978
66$1,003,114$852,736$811,567$1,003,247
67$1,048,640$837,728$781,963$1,021,045
68$1,097,020$820,196$749,578$1,039,439
69$1,148,490$799,960$714,262$1,058,503
70$1,203,306$776,828$675,861$1,078,326
71$1,261,751$750,600$634,209$1,099,004
72$1,324,131$721,061$589,137$1,120,648
73$1,390,785$687,986$540,466$1,143,384
74$1,462,083$651,135$488,009$1,167,352
75$1,538,431$610,256$431,573$1,192,712
76$1,620,273$565,081$370,953$1,219,641
77$1,708,099$515,327$305,938$1,248,342
78$1,802,443$460,697$236,305$1,279,040
79$1,903,894$400,873$161,823$1,311,987
80$2,013,098$335,522$82,250$1,347,467
81$2,130,763$264,291$0$1,385,796
82$2,257,668$186,809$0$1,428,127
83$2,394,669$102,682$0$1,500,335
84$2,542,706$11,493$0$1,578,344
85$2,702,811$0$0$1,662,734
86$2,876,121$0$0$1,768,537
87$3,063,884$0$0$1,885,279
88$3,267,472$0$0$2,011,924
89$3,488,394$0$0$2,149,418
90$3,728,312$0$0$2,298,804
91$3,989,050$0$0$2,461,226
92$4,272,618$0$0$2,637,946
93$4,581,225$0$0$2,830,350
94$4,917,303$0$0$3,039,964
95$5,283,529$0$0$3,268,468
96$5,682,846$0$0$3,517,710
97$6,118,496$0$0$3,789,724
98$6,594,046$0$0$4,086,749
99$7,113,423$0$0$4,411,251
100$7,680,951$0$0$4,765,943