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%12.1%
1 years$68,541$67,930$67,334$66,753$66,185$65,603
2 years$33,931$33,299$32,687$32,093$31,517$30,930
3 years$22,396$21,761$21,150$20,562$19,996$19,423
4 years$16,630$15,997$15,392$14,814$14,261$13,706
5 years$13,171$12,542$11,945$11,378$10,841$10,306
6 years$10,865$10,241$9,653$9,099$8,578$8,064
7 years$9,220$8,601$8,022$7,481$6,976$6,482
8 years$7,986$7,372$6,803$6,276$5,788$5,314
9 years$7,026$6,419$5,860$5,346$4,874$4,421
10 years$6,260$5,658$5,109$4,608$4,153$3,720
11 years$5,633$5,037$4,497$4,010$3,572$3,159
12 years$5,110$4,521$3,991$3,518$3,095$2,702
13 years$4,669$4,086$3,566$3,105$2,699$2,325
14 years$4,291$3,714$3,204$2,757$2,366$2,010
15 years$3,963$3,393$2,893$2,458$2,083$1,746
16 years$3,677$3,113$2,623$2,201$1,841$1,521
17 years$3,425$2,867$2,387$1,978$1,632$1,329
18 years$3,201$2,649$2,179$1,782$1,451$1,165
19 years$3,001$2,455$1,995$1,611$1,294$1,023
20 years$2,821$2,281$1,830$1,459$1,156$900
21 years$2,658$2,125$1,684$1,324$1,034$793
22 years$2,511$1,983$1,552$1,204$927$700
23 years$2,376$1,855$1,433$1,096$832$619
24 years$2,253$1,738$1,325$1,000$748$547
25 years$2,140$1,631$1,227$913$673$485
26 years$2,036$1,533$1,138$835$606$429
27 years$1,939$1,443$1,057$764$547$381
28 years$1,850$1,359$983$700$493$338
29 years$1,767$1,283$914$642$445$300
30 years$1,690$1,211$852$589$402$267
31 years$1,617$1,145$794$541$364$237
32 years$1,550$1,083$741$497$329$211
33 years$1,486$1,026$692$457$298$187
34 years$1,427$972$646$421$270$167
35 years$1,371$922$604$387$244$148
36 years$1,318$875$565$357$221$132
37 years$1,268$831$529$329$201$118
38 years$1,221$790$495$303$182$105
39 years$1,177$751$464$279$165$93
40 years$1,135$715$435$258$150$83
41 years$1,095$680$408$238$136$74
42 years$1,057$648$383$219$123$66
43 years$1,021$617$359$203$112$59
44 years$986$589$337$187$101$52
45 years$953$561$317$173$92$47
46 years$922$535$297$160$84$42
47 years$892$511$279$147$76$37
48 years$864$488$262$136$69$33
49 years$836$466$247$126$63$30
50 years$810$445$232$116$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $830,000, adding $6,798 every year, while hoping to spend $23,171 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: 50/23/27 Blend
63$830,000$830,000$830,000$830,000
64$921,672$877,682$864,817$960,423
65$991,029$896,035$869,135$1,006,529
66$1,066,684$914,510$872,820$1,053,756
67$1,149,254$933,090$875,828$1,104,632
68$1,239,420$951,753$878,111$1,159,512
69$1,337,931$970,479$879,618$1,218,791
70$1,445,611$989,244$880,296$1,282,901
71$1,563,367$1,008,021$880,090$1,352,323
72$1,692,199$1,026,782$878,941$1,427,582
73$1,833,207$1,045,498$876,789$1,509,261
74$1,987,602$1,064,136$873,570$1,598,002
75$2,156,719$1,082,660$869,216$1,694,514
76$2,342,027$1,101,033$863,658$1,799,576
77$2,545,145$1,119,214$856,821$1,914,050
78$2,767,853$1,137,159$848,628$2,038,886
79$3,012,115$1,154,822$838,998$2,175,132
80$3,280,094$1,172,150$827,847$2,323,943
81$3,574,169$1,189,092$815,086$2,486,593
82$3,896,965$1,205,588$800,622$2,664,488
83$4,251,370$1,221,576$784,358$2,859,178
84$4,640,567$1,236,991$766,191$3,072,373
85$5,068,063$1,251,761$746,016$3,305,956
86$5,537,719$1,265,811$723,721$3,562,008
87$6,053,790$1,279,060$699,190$3,842,821
88$6,620,964$1,291,421$672,300$4,150,922
89$7,244,405$1,302,803$642,925$4,489,100
90$7,929,802$1,313,109$610,931$4,860,430
91$8,683,424$1,322,233$576,179$5,268,299
92$9,512,175$1,330,064$538,523$5,716,447
93$10,423,665$1,336,486$497,812$6,208,995
94$11,426,276$1,341,371$453,886$6,750,487
95$12,529,245$1,344,586$406,579$7,345,934
96$13,742,747$1,345,990$355,719$8,000,861
97$15,077,996$1,345,432$301,124$8,721,359
98$16,547,345$1,342,751$242,605$9,514,143
99$18,164,406$1,337,778$179,964$10,386,618
100$19,944,178$1,330,332$112,995$11,346,948