Can I retire at age 64 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$68,541$67,930$67,334$66,753$66,185$63,685
2 years$33,931$33,299$32,687$32,093$31,517$29,027
3 years$22,396$21,761$21,150$20,562$19,996$17,594
4 years$16,630$15,997$15,392$14,814$14,261$11,967
5 years$13,171$12,542$11,945$11,378$10,841$8,660
6 years$10,865$10,241$9,653$9,099$8,578$6,511
7 years$9,220$8,601$8,022$7,481$6,976$5,023
8 years$7,986$7,372$6,803$6,276$5,788$3,946
9 years$7,026$6,419$5,860$5,346$4,874$3,142
10 years$6,260$5,658$5,109$4,608$4,153$2,527
11 years$5,633$5,037$4,497$4,010$3,572$2,048
12 years$5,110$4,521$3,991$3,518$3,095$1,671
13 years$4,669$4,086$3,566$3,105$2,699$1,369
14 years$4,291$3,714$3,204$2,757$2,366$1,126
15 years$3,963$3,393$2,893$2,458$2,083$930
16 years$3,677$3,113$2,623$2,201$1,841$769
17 years$3,425$2,867$2,387$1,978$1,632$638
18 years$3,201$2,649$2,179$1,782$1,451$530
19 years$3,001$2,455$1,995$1,611$1,294$441
20 years$2,821$2,281$1,830$1,459$1,156$367
21 years$2,658$2,125$1,684$1,324$1,034$306
22 years$2,511$1,983$1,552$1,204$927$255
23 years$2,376$1,855$1,433$1,096$832$213
24 years$2,253$1,738$1,325$1,000$748$178
25 years$2,140$1,631$1,227$913$673$149
26 years$2,036$1,533$1,138$835$606$124
27 years$1,939$1,443$1,057$764$547$104
28 years$1,850$1,359$983$700$493$87
29 years$1,767$1,283$914$642$445$73
30 years$1,690$1,211$852$589$402$61
31 years$1,617$1,145$794$541$364$51
32 years$1,550$1,083$741$497$329$43
33 years$1,486$1,026$692$457$298$36
34 years$1,427$972$646$421$270$30
35 years$1,371$922$604$387$244$25
36 years$1,318$875$565$357$221$21
37 years$1,268$831$529$329$201$18
38 years$1,221$790$495$303$182$15
39 years$1,177$751$464$279$165$12
40 years$1,135$715$435$258$150$10
41 years$1,095$680$408$238$136$9
42 years$1,057$648$383$219$123$7
43 years$1,021$617$359$203$112$6
44 years$986$589$337$187$101$5
45 years$953$561$317$173$92$4
46 years$922$535$297$160$84$4
47 years$892$511$279$147$76$3
48 years$864$488$262$136$69$2
49 years$836$466$247$126$63$2
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $830,000, adding $5,450 every year, while hoping to spend $47,177 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: 61/30/9 Blend
63$830,000$830,000$830,000$830,000
64$920,282$876,292$863,427$974,263
65$963,954$869,034$842,156$1,003,820
66$1,010,501$859,840$818,591$1,030,150
67$1,060,164$848,564$792,605$1,057,699
68$1,113,210$835,053$764,067$1,086,586
69$1,169,931$819,144$732,837$1,116,943
70$1,230,649$800,667$698,772$1,148,918
71$1,295,713$779,437$661,718$1,182,676
72$1,365,508$755,263$621,519$1,218,399
73$1,440,459$727,939$578,009$1,256,294
74$1,521,028$697,251$531,014$1,296,587
75$1,607,725$662,968$480,355$1,339,532
76$1,701,108$624,849$425,843$1,385,413
77$1,801,793$582,638$367,280$1,434,542
78$1,910,454$536,065$304,462$1,487,270
79$2,027,832$484,844$237,173$1,543,984
80$2,154,741$428,672$165,189$1,605,117
81$2,292,077$367,229$88,275$1,671,149
82$2,440,825$300,179$6,188$1,742,611
83$2,602,065$227,165$0$1,820,097
84$2,776,990$147,809$0$1,912,080
85$2,966,906$61,715$0$2,012,614
86$3,173,253$0$0$2,121,940
87$3,397,615$0$0$2,251,393
88$3,641,734$0$0$2,414,469
89$3,907,526$0$0$2,592,082
90$4,197,100$0$0$2,785,649
91$4,512,778$0$0$2,996,728
92$4,857,113$0$0$3,227,037
93$5,232,918$0$0$3,478,463
94$5,643,286$0$0$3,753,085
95$6,091,626$0$0$4,053,194
96$6,581,687$0$0$4,381,309
97$7,117,598$0$0$4,740,204
98$7,703,907$0$0$5,132,934
99$8,345,619$0$0$5,562,864
100$9,048,247$0$0$6,033,697