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%11.2%
1 years$68,788$68,176$67,578$66,994$66,425$66,089
2 years$34,054$33,419$32,805$32,209$31,631$31,292
3 years$22,477$21,840$21,227$20,637$20,068$19,737
4 years$16,690$16,055$15,448$14,867$14,313$13,991
5 years$13,218$12,587$11,988$11,420$10,880$10,570
6 years$10,905$10,278$9,688$9,132$8,609$8,310
7 years$9,253$8,632$8,051$7,508$7,002$6,714
8 years$8,015$7,399$6,828$6,298$5,808$5,532
9 years$7,052$6,442$5,881$5,365$4,892$4,627
10 years$6,282$5,678$5,127$4,625$4,168$3,914
11 years$5,653$5,055$4,514$4,025$3,584$3,342
12 years$5,129$4,537$4,006$3,530$3,106$2,875
13 years$4,686$4,100$3,579$3,117$2,709$2,488
14 years$4,306$3,727$3,216$2,767$2,374$2,164
15 years$3,978$3,405$2,903$2,467$2,091$1,890
16 years$3,691$3,124$2,632$2,209$1,848$1,657
17 years$3,437$2,877$2,395$1,985$1,638$1,458
18 years$3,213$2,658$2,187$1,789$1,457$1,285
19 years$3,012$2,464$2,002$1,616$1,298$1,136
20 years$2,831$2,289$1,837$1,464$1,160$1,006
21 years$2,668$2,133$1,690$1,329$1,038$892
22 years$2,520$1,991$1,557$1,208$930$793
23 years$2,385$1,862$1,438$1,100$835$705
24 years$2,261$1,744$1,330$1,003$751$628
25 years$2,148$1,637$1,232$916$675$560
26 years$2,043$1,539$1,142$838$608$500
27 years$1,946$1,448$1,061$767$549$447
28 years$1,857$1,364$986$703$495$399
29 years$1,773$1,287$918$644$447$357
30 years$1,696$1,216$855$591$404$320
31 years$1,623$1,149$797$543$365$286
32 years$1,555$1,087$744$499$330$256
33 years$1,492$1,030$694$459$299$230
34 years$1,432$976$649$422$271$206
35 years$1,376$926$606$389$245$185
36 years$1,323$879$567$358$222$166
37 years$1,273$834$531$330$201$149
38 years$1,226$793$497$304$182$133
39 years$1,181$754$466$280$165$120
40 years$1,139$717$437$259$150$108
41 years$1,099$683$409$239$136$97
42 years$1,061$650$384$220$124$87
43 years$1,024$620$360$203$112$78
44 years$990$591$338$188$102$70
45 years$957$563$318$173$92$63
46 years$925$537$298$160$84$56
47 years$895$513$280$148$76$51
48 years$867$490$263$137$69$46
49 years$839$467$248$126$63$41
50 years$813$447$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $833,000, adding $4,428 every year, while hoping to spend $44,967 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: 54/19/27 Blend
63$833,000$833,000$833,000$833,000
64$922,533$878,384$865,473$965,223
65$968,787$873,581$846,622$990,378
66$1,018,252$867,035$825,632$1,012,763
67$1,071,208$858,613$802,384$1,036,224
68$1,127,961$848,175$776,755$1,060,882
69$1,188,849$835,572$748,612$1,086,872
70$1,254,242$820,645$717,821$1,114,344
71$1,324,544$803,227$684,238$1,143,466
72$1,400,203$783,140$647,714$1,174,427
73$1,481,706$760,196$608,095$1,207,437
74$1,569,590$734,196$565,217$1,242,730
75$1,664,447$704,930$518,910$1,280,569
76$1,766,924$672,175$468,997$1,321,245
77$1,877,734$635,695$415,292$1,365,085
78$1,997,659$595,241$357,601$1,412,449
79$2,127,562$550,549$295,722$1,463,743
80$2,268,388$501,341$229,443$1,519,414
81$2,421,178$447,321$158,544$1,579,962
82$2,587,078$388,180$82,795$1,645,943
83$2,767,346$323,586$1,955$1,717,972
84$2,963,368$253,194$0$1,796,735
85$3,176,667$176,636$0$1,907,284
86$3,408,920$93,525$0$2,028,352
87$3,661,972$3,450$0$2,160,391
88$3,937,854$0$0$2,304,523
89$4,238,800$0$0$2,481,643
90$4,567,270$0$0$2,675,825
91$4,925,971$0$0$2,887,956
92$5,317,885$0$0$3,119,809
93$5,746,292$0$0$3,373,336
94$6,214,805$0$0$3,650,684
95$6,727,401$0$0$3,954,220
96$7,288,461$0$0$4,286,548
97$7,902,808$0$0$4,650,537
98$8,575,752$0$0$5,049,346
99$9,313,142$0$0$5,486,454
100$10,121,419$0$0$5,965,692