Can I retire at age 64 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$68,788$68,176$67,578$66,994$66,425$65,676
2 years$34,054$33,419$32,805$32,209$31,631$30,877
3 years$22,477$21,840$21,227$20,637$20,068$19,333
4 years$16,690$16,055$15,448$14,867$14,313$13,602
5 years$13,218$12,587$11,988$11,420$10,880$10,195
6 years$10,905$10,278$9,688$9,132$8,609$7,951
7 years$9,253$8,632$8,051$7,508$7,002$6,371
8 years$8,015$7,399$6,828$6,298$5,808$5,205
9 years$7,052$6,442$5,881$5,365$4,892$4,315
10 years$6,282$5,678$5,127$4,625$4,168$3,618
11 years$5,653$5,055$4,514$4,025$3,584$3,061
12 years$5,129$4,537$4,006$3,530$3,106$2,608
13 years$4,686$4,100$3,579$3,117$2,709$2,235
14 years$4,306$3,727$3,216$2,767$2,374$1,925
15 years$3,978$3,405$2,903$2,467$2,091$1,665
16 years$3,691$3,124$2,632$2,209$1,848$1,445
17 years$3,437$2,877$2,395$1,985$1,638$1,257
18 years$3,213$2,658$2,187$1,789$1,457$1,097
19 years$3,012$2,464$2,002$1,616$1,298$959
20 years$2,831$2,289$1,837$1,464$1,160$840
21 years$2,668$2,133$1,690$1,329$1,038$737
22 years$2,520$1,991$1,557$1,208$930$648
23 years$2,385$1,862$1,438$1,100$835$570
24 years$2,261$1,744$1,330$1,003$751$502
25 years$2,148$1,637$1,232$916$675$442
26 years$2,043$1,539$1,142$838$608$390
27 years$1,946$1,448$1,061$767$549$344
28 years$1,857$1,364$986$703$495$304
29 years$1,773$1,287$918$644$447$269
30 years$1,696$1,216$855$591$404$238
31 years$1,623$1,149$797$543$365$210
32 years$1,555$1,087$744$499$330$186
33 years$1,492$1,030$694$459$299$165
34 years$1,432$976$649$422$271$146
35 years$1,376$926$606$389$245$129
36 years$1,323$879$567$358$222$114
37 years$1,273$834$531$330$201$101
38 years$1,226$793$497$304$182$90
39 years$1,181$754$466$280$165$79
40 years$1,139$717$437$259$150$70
41 years$1,099$683$409$239$136$62
42 years$1,061$650$384$220$124$55
43 years$1,024$620$360$203$112$49
44 years$990$591$338$188$102$44
45 years$957$563$318$173$92$39
46 years$925$537$298$160$84$34
47 years$895$513$280$148$76$30
48 years$867$490$263$137$69$27
49 years$839$467$248$126$63$24
50 years$813$447$233$117$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $833,000, adding $5,354 every year, while hoping to spend $52,181 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: 37/44/19 Blend
63$833,000$833,000$833,000$833,000
64$923,489$879,340$866,428$952,185
65$962,164$866,907$839,933$961,022
66$1,003,036$852,116$810,802$965,255
67$1,046,273$834,797$778,891$968,742
68$1,092,059$814,768$744,050$971,447
69$1,140,595$791,839$706,122$973,332
70$1,192,103$765,806$664,944$974,362
71$1,246,822$736,455$620,344$974,503
72$1,305,016$703,559$572,144$973,721
73$1,366,973$666,879$520,156$971,987
74$1,433,008$626,159$464,185$969,274
75$1,503,466$581,133$404,027$965,559
76$1,578,727$531,516$339,469$960,824
77$1,659,204$477,007$270,288$955,056
78$1,745,352$417,290$196,252$948,247
79$1,837,670$352,029$117,119$940,400
80$1,936,705$280,871$32,635$931,525
81$2,043,057$203,441$0$921,640
82$2,157,384$119,345$0$922,442
83$2,280,409$28,165$0$930,132
84$2,412,926$0$0$938,207
85$2,555,807$0$0$980,962
86$2,710,011$0$0$1,041,911
87$2,876,588$0$0$1,107,844
88$3,056,697$0$0$1,179,233
89$3,251,608$0$0$1,256,592
90$3,462,717$0$0$1,340,489
91$3,691,563$0$0$1,431,550
92$3,939,834$0$0$1,530,460
93$4,209,388$0$0$1,637,975
94$4,502,269$0$0$1,754,925
95$4,820,725$0$0$1,882,226
96$5,167,228$0$0$2,020,884
97$5,544,501$0$0$2,172,004
98$5,955,538$0$0$2,336,805
99$6,403,634$0$0$2,516,630
100$6,892,415$0$0$2,712,952