Can I retire at age 64 with 832,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$68,706$68,094$67,497$66,914$66,345$65,570
2 years$34,013$33,379$32,765$32,170$31,593$30,813
3 years$22,450$21,814$21,201$20,612$20,044$19,283
4 years$16,670$16,035$15,429$14,850$14,295$13,560
5 years$13,202$12,572$11,974$11,406$10,867$10,159
6 years$10,892$10,266$9,677$9,121$8,599$7,918
7 years$9,242$8,621$8,041$7,499$6,993$6,341
8 years$8,005$7,390$6,820$6,291$5,801$5,178
9 years$7,043$6,434$5,874$5,358$4,886$4,290
10 years$6,275$5,672$5,121$4,619$4,163$3,594
11 years$5,646$5,049$4,508$4,020$3,580$3,039
12 years$5,123$4,532$4,001$3,526$3,103$2,588
13 years$4,680$4,095$3,575$3,113$2,705$2,217
14 years$4,301$3,723$3,212$2,763$2,372$1,908
15 years$3,973$3,401$2,900$2,464$2,088$1,649
16 years$3,686$3,120$2,629$2,207$1,845$1,430
17 years$3,433$2,873$2,392$1,983$1,636$1,244
18 years$3,209$2,655$2,184$1,787$1,455$1,084
19 years$3,008$2,461$1,999$1,614$1,297$947
20 years$2,828$2,287$1,835$1,462$1,158$829
21 years$2,665$2,130$1,688$1,327$1,037$727
22 years$2,517$1,988$1,555$1,207$929$638
23 years$2,382$1,860$1,436$1,099$834$561
24 years$2,258$1,742$1,328$1,002$750$494
25 years$2,145$1,635$1,230$915$675$435
26 years$2,041$1,537$1,141$837$608$383
27 years$1,944$1,446$1,060$766$548$338
28 years$1,854$1,363$985$702$494$298
29 years$1,771$1,286$917$644$446$263
30 years$1,694$1,214$854$591$403$233
31 years$1,621$1,148$796$542$365$206
32 years$1,553$1,086$743$499$330$182
33 years$1,490$1,028$693$458$299$161
34 years$1,430$975$648$422$270$142
35 years$1,374$925$606$388$245$126
36 years$1,321$878$567$358$222$111
37 years$1,272$833$530$330$201$99
38 years$1,224$792$497$304$182$87
39 years$1,180$753$465$280$165$77
40 years$1,137$717$436$258$150$68
41 years$1,097$682$409$238$136$61
42 years$1,059$650$384$220$123$54
43 years$1,023$619$360$203$112$48
44 years$989$590$338$187$102$42
45 years$956$563$317$173$92$37
46 years$924$537$298$160$84$33
47 years$894$512$280$148$76$29
48 years$866$489$263$137$69$26
49 years$838$467$247$126$63$23
50 years$812$446$232$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $832,000, adding $4,995 every year, while hoping to spend $55,390 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: 50/39/11 Blend
63$832,000$832,000$832,000$832,000
64$922,016$877,920$865,024$965,157
65$957,127$862,004$835,068$979,315
66$993,964$843,451$802,252$988,428
67$1,032,642$822,074$766,421$997,063
68$1,073,290$797,675$727,415$1,005,189
69$1,116,047$770,042$685,065$1,012,779
70$1,161,064$738,954$639,195$1,019,805
71$1,208,504$704,175$589,620$1,026,240
72$1,258,548$665,455$536,148$1,032,060
73$1,311,389$622,532$478,578$1,037,240
74$1,367,240$575,126$416,701$1,041,761
75$1,426,335$522,943$350,296$1,045,606
76$1,488,925$465,672$279,135$1,048,760
77$1,555,289$402,983$202,979$1,051,214
78$1,625,728$334,529$121,579$1,052,966
79$1,700,574$259,942$34,673$1,054,017
80$1,780,188$178,835$0$1,054,377
81$1,864,967$90,797$0$1,060,881
82$1,955,344$0$0$1,071,528
83$2,051,794$0$0$1,084,294
84$2,154,838$0$0$1,139,614
85$2,265,045$0$0$1,198,836
86$2,383,042$0$0$1,262,302
87$2,509,514$0$0$1,330,389
88$2,645,213$0$0$1,403,510
89$2,790,965$0$0$1,482,119
90$2,947,675$0$0$1,566,712
91$3,116,339$0$0$1,657,836
92$3,298,049$0$0$1,756,091
93$3,494,005$0$0$1,862,136
94$3,705,524$0$0$1,976,697
95$3,934,054$0$0$2,100,568
96$4,181,187$0$0$2,234,625
97$4,448,672$0$0$2,379,829
98$4,738,433$0$0$2,537,239
99$5,052,583$0$0$2,708,016
100$5,393,448$0$0$2,893,440