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%13.2%
1 years$68,541$67,930$67,334$66,753$66,185$65,304
2 years$33,931$33,299$32,687$32,093$31,517$30,630
3 years$22,396$21,761$21,150$20,562$19,996$19,132
4 years$16,630$15,997$15,392$14,814$14,261$13,426
5 years$13,171$12,542$11,945$11,378$10,841$10,037
6 years$10,865$10,241$9,653$9,099$8,578$7,807
7 years$9,220$8,601$8,022$7,481$6,976$6,238
8 years$7,986$7,372$6,803$6,276$5,788$5,082
9 years$7,026$6,419$5,860$5,346$4,874$4,200
10 years$6,260$5,658$5,109$4,608$4,153$3,511
11 years$5,633$5,037$4,497$4,010$3,572$2,961
12 years$5,110$4,521$3,991$3,518$3,095$2,515
13 years$4,669$4,086$3,566$3,105$2,699$2,149
14 years$4,291$3,714$3,204$2,757$2,366$1,844
15 years$3,963$3,393$2,893$2,458$2,083$1,590
16 years$3,677$3,113$2,623$2,201$1,841$1,375
17 years$3,425$2,867$2,387$1,978$1,632$1,192
18 years$3,201$2,649$2,179$1,782$1,451$1,037
19 years$3,001$2,455$1,995$1,611$1,294$903
20 years$2,821$2,281$1,830$1,459$1,156$788
21 years$2,658$2,125$1,684$1,324$1,034$689
22 years$2,511$1,983$1,552$1,204$927$603
23 years$2,376$1,855$1,433$1,096$832$528
24 years$2,253$1,738$1,325$1,000$748$463
25 years$2,140$1,631$1,227$913$673$407
26 years$2,036$1,533$1,138$835$606$357
27 years$1,939$1,443$1,057$764$547$314
28 years$1,850$1,359$983$700$493$276
29 years$1,767$1,283$914$642$445$243
30 years$1,690$1,211$852$589$402$214
31 years$1,617$1,145$794$541$364$189
32 years$1,550$1,083$741$497$329$166
33 years$1,486$1,026$692$457$298$147
34 years$1,427$972$646$421$270$129
35 years$1,371$922$604$387$244$114
36 years$1,318$875$565$357$221$100
37 years$1,268$831$529$329$201$89
38 years$1,221$790$495$303$182$78
39 years$1,177$751$464$279$165$69
40 years$1,135$715$435$258$150$61
41 years$1,095$680$408$238$136$54
42 years$1,057$648$383$219$123$47
43 years$1,021$617$359$203$112$42
44 years$986$589$337$187$101$37
45 years$953$561$317$173$92$33
46 years$922$535$297$160$84$29
47 years$892$511$279$147$76$25
48 years$864$488$262$136$69$22
49 years$836$466$247$126$63$20
50 years$810$445$232$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $830,000, adding $5,551 every year, while hoping to spend $48,538 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: 79/6/15 Blend
63$830,000$830,000$830,000$830,000
64$920,386$876,396$863,531$989,792
65$962,621$867,695$840,815$1,027,572
66$1,007,538$856,941$815,712$1,062,251
67$1,055,358$843,983$788,089$1,098,932
68$1,106,324$828,658$757,810$1,137,798
69$1,160,704$810,797$724,732$1,179,046
70$1,218,789$790,219$688,703$1,222,896
71$1,280,899$766,734$649,568$1,269,591
72$1,347,385$740,138$607,163$1,319,398
73$1,418,631$710,217$561,316$1,372,611
74$1,495,059$676,746$511,848$1,429,557
75$1,577,133$639,483$458,572$1,490,595
76$1,665,359$598,177$401,293$1,556,120
77$1,760,297$552,559$339,807$1,626,570
78$1,862,557$502,344$273,901$1,702,428
79$1,972,814$447,235$203,353$1,784,225
80$2,091,806$386,914$127,930$1,872,550
81$2,220,344$321,047$47,390$1,968,051
82$2,359,321$249,281$0$2,071,444
83$2,509,718$171,242$0$2,189,688
84$2,672,612$86,535$0$2,325,980
85$2,849,189$0$0$2,473,732
86$3,040,752$0$0$2,634,398
87$3,248,734$0$0$2,815,059
88$3,474,712$0$0$3,011,375
89$3,720,419$0$0$3,224,853
90$3,987,764$0$0$3,457,155
91$4,278,846$0$0$3,710,108
92$4,595,975$0$0$3,985,723
93$4,941,693$0$0$4,286,211
94$5,318,797$0$0$4,614,008
95$5,730,367$0$0$4,971,795
96$6,179,792$0$0$5,362,522
97$6,670,803$0$0$5,789,436
98$7,207,509$0$0$6,256,114
99$7,794,432$0$0$6,766,491
100$8,436,552$0$0$7,324,903