Can I retire at age 64 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,036$68,421$67,821$67,236$66,664$65,479
2 years$34,176$33,540$32,923$32,325$31,745$30,555
3 years$22,558$21,919$21,303$20,711$20,140$18,982
4 years$16,750$16,113$15,503$14,921$14,364$13,247
5 years$13,266$12,632$12,031$11,461$10,919$9,847
6 years$10,944$10,315$9,723$9,165$8,640$7,613
7 years$9,286$8,663$8,080$7,535$7,027$6,046
8 years$8,043$7,426$6,852$6,321$5,829$4,894
9 years$7,077$6,465$5,902$5,384$4,909$4,019
10 years$6,305$5,699$5,145$4,641$4,183$3,337
11 years$5,673$5,073$4,530$4,039$3,597$2,795
12 years$5,147$4,554$4,020$3,543$3,117$2,357
13 years$4,703$4,115$3,592$3,128$2,718$1,999
14 years$4,322$3,741$3,227$2,777$2,383$1,704
15 years$3,992$3,417$2,914$2,476$2,098$1,457
16 years$3,704$3,135$2,642$2,217$1,854$1,251
17 years$3,450$2,887$2,404$1,992$1,644$1,076
18 years$3,224$2,668$2,194$1,795$1,462$928
19 years$3,023$2,473$2,009$1,622$1,303$802
20 years$2,841$2,298$1,844$1,469$1,164$694
21 years$2,678$2,140$1,696$1,333$1,042$602
22 years$2,529$1,998$1,563$1,212$934$522
23 years$2,393$1,869$1,443$1,104$838$454
24 years$2,269$1,751$1,335$1,007$753$395
25 years$2,155$1,643$1,236$920$678$343
26 years$2,050$1,544$1,146$841$611$299
27 years$1,953$1,453$1,065$770$550$261
28 years$1,863$1,369$990$705$497$227
29 years$1,780$1,292$921$647$449$198
30 years$1,702$1,220$858$594$405$173
31 years$1,629$1,153$800$545$366$151
32 years$1,561$1,091$746$501$331$132
33 years$1,497$1,033$697$461$300$115
34 years$1,437$979$651$424$272$101
35 years$1,381$929$609$390$246$88
36 years$1,328$882$569$359$223$77
37 years$1,278$837$533$331$202$67
38 years$1,230$796$499$305$183$59
39 years$1,185$757$468$281$166$51
40 years$1,143$720$438$260$151$45
41 years$1,103$685$411$239$137$39
42 years$1,064$653$385$221$124$34
43 years$1,028$622$362$204$113$30
44 years$993$593$340$188$102$26
45 years$960$565$319$174$93$23
46 years$929$539$299$161$84$20
47 years$899$515$281$148$76$18
48 years$870$491$264$137$69$15
49 years$843$469$248$127$63$13
50 years$816$448$234$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $836,000, adding $5,329 every year, while hoping to spend $31,197 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: 32/46/22 Blend
63$836,000$836,000$836,000$836,000
64$926,769$882,461$869,503$949,993
65$988,106$892,508$865,438$977,967
66$1,054,654$902,002$860,191$1,004,888
67$1,126,911$910,883$853,690$1,033,244
68$1,205,426$919,086$845,859$1,063,179
69$1,290,802$926,544$836,617$1,094,855
70$1,383,702$933,183$825,883$1,128,452
71$1,484,858$938,927$813,568$1,164,172
72$1,595,072$943,693$799,581$1,202,236
73$1,715,228$947,393$783,826$1,242,892
74$1,846,301$949,934$766,203$1,286,417
75$1,989,360$951,218$746,608$1,333,116
76$2,145,586$951,139$724,930$1,383,330
77$2,316,277$949,585$701,056$1,437,436
78$2,502,860$946,438$674,865$1,495,854
79$2,706,911$941,572$646,232$1,559,050
80$2,930,160$934,854$615,025$1,627,540
81$3,174,516$926,141$581,108$1,701,898
82$3,442,079$915,284$544,337$1,782,760
83$3,735,162$902,124$504,563$1,870,829
84$4,056,312$886,492$461,629$1,966,889
85$4,408,334$868,208$415,373$2,071,804
86$4,794,318$847,085$365,622$2,186,535
87$5,217,668$822,921$312,199$2,312,143
88$5,682,130$795,504$254,918$2,449,807
89$6,191,834$764,610$193,584$2,600,829
90$6,751,326$730,002$127,995$2,766,653
91$7,365,617$691,427$57,938$2,948,876
92$8,040,223$648,620$0$3,149,264
93$8,781,223$601,300$0$3,373,724
94$9,595,314$549,170$0$3,635,239
95$10,489,871$491,915$0$3,922,645
96$11,473,023$429,203$0$4,238,645
97$12,553,721$360,683$0$4,586,229
98$13,741,829$285,986$0$4,968,694
99$15,048,215$204,718$0$5,389,683
100$16,484,851$116,468$0$5,853,219