Can I retire at age 64 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$68,954$68,339$67,740$67,155$66,584$65,186
2 years$34,135$33,500$32,884$32,286$31,707$30,305
3 years$22,531$21,892$21,278$20,686$20,116$18,754
4 years$16,730$16,093$15,485$14,903$14,347$13,036
5 years$13,250$12,617$12,017$11,447$10,906$9,649
6 years$10,931$10,303$9,711$9,154$8,630$7,428
7 years$9,275$8,652$8,070$7,526$7,018$5,872
8 years$8,034$7,417$6,844$6,314$5,822$4,731
9 years$7,069$6,458$5,895$5,378$4,903$3,867
10 years$6,297$5,692$5,139$4,636$4,178$3,195
11 years$5,666$5,067$4,525$4,034$3,593$2,662
12 years$5,141$4,548$4,015$3,539$3,114$2,234
13 years$4,697$4,110$3,588$3,124$2,715$1,885
14 years$4,317$3,736$3,223$2,773$2,380$1,597
15 years$3,987$3,413$2,910$2,473$2,096$1,359
16 years$3,699$3,131$2,639$2,215$1,852$1,160
17 years$3,446$2,884$2,401$1,990$1,642$992
18 years$3,220$2,665$2,192$1,793$1,460$851
19 years$3,019$2,470$2,007$1,620$1,302$731
20 years$2,838$2,295$1,841$1,467$1,163$629
21 years$2,674$2,138$1,694$1,332$1,040$542
22 years$2,526$1,995$1,561$1,211$933$467
23 years$2,390$1,866$1,441$1,103$837$404
24 years$2,267$1,749$1,333$1,006$752$349
25 years$2,153$1,641$1,235$919$677$302
26 years$2,048$1,542$1,145$840$610$261
27 years$1,951$1,451$1,063$769$550$226
28 years$1,861$1,368$989$704$496$196
29 years$1,778$1,290$920$646$448$170
30 years$1,700$1,218$857$593$405$147
31 years$1,627$1,152$799$544$366$127
32 years$1,559$1,090$745$500$331$111
33 years$1,495$1,032$696$460$300$96
34 years$1,436$978$650$423$271$83
35 years$1,379$928$608$390$246$72
36 years$1,326$881$569$359$223$63
37 years$1,276$836$532$331$202$54
38 years$1,229$795$498$305$183$47
39 years$1,184$756$467$281$166$41
40 years$1,142$719$438$259$150$36
41 years$1,101$685$410$239$136$31
42 years$1,063$652$385$221$124$27
43 years$1,027$621$361$204$112$23
44 years$992$592$339$188$102$20
45 years$959$565$318$174$93$18
46 years$928$539$299$160$84$15
47 years$898$514$281$148$76$13
48 years$869$491$264$137$69$12
49 years$842$469$248$127$63$10
50 years$815$448$233$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $835,000, adding $3,791 every year, while hoping to spend $21,710 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: 38/33/29 Blend
63$835,000$835,000$835,000$835,000
64$924,080$879,825$866,883$951,102
65$995,237$899,838$872,824$991,354
66$1,072,925$920,103$878,237$1,032,571
67$1,157,786$940,610$883,080$1,076,707
68$1,250,528$961,349$887,312$1,124,041
69$1,351,932$982,304$890,887$1,174,882
70$1,462,855$1,003,463$893,757$1,229,570
71$1,584,242$1,024,810$895,875$1,288,481
72$1,717,135$1,046,325$897,186$1,352,029
73$1,862,679$1,067,991$897,638$1,420,671
74$2,022,135$1,089,786$897,172$1,494,911
75$2,196,894$1,111,687$895,729$1,575,304
76$2,388,487$1,133,669$893,245$1,662,464
77$2,598,598$1,155,704$889,655$1,757,069
78$2,829,085$1,177,764$884,888$1,859,863
79$3,081,993$1,199,815$878,873$1,971,672
80$3,359,574$1,221,824$871,533$2,093,404
81$3,664,310$1,243,753$862,789$2,226,060
82$3,998,934$1,265,561$852,556$2,370,747
83$4,366,457$1,287,205$840,748$2,528,684
84$4,770,195$1,308,637$827,273$2,701,216
85$5,213,803$1,329,809$812,035$2,889,828
86$5,701,306$1,350,664$794,933$3,096,156
87$6,237,139$1,371,146$775,863$3,322,006
88$6,826,187$1,391,192$754,714$3,569,369
89$7,473,833$1,410,736$731,372$3,840,443
90$8,186,007$1,429,705$705,716$4,137,649
91$8,969,243$1,448,024$677,621$4,463,660
92$9,830,739$1,465,611$646,955$4,821,423
93$10,778,427$1,482,378$613,581$5,214,187
94$11,821,045$1,498,234$577,354$5,645,537
95$12,968,222$1,513,077$538,125$6,119,425
96$14,230,566$1,526,803$495,738$6,640,211
97$15,619,765$1,539,298$450,027$7,212,700
98$17,148,700$1,550,443$400,822$7,842,194
99$18,831,562$1,560,108$347,943$8,534,538
100$20,683,987$1,568,159$291,205$9,296,176