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%14.5%
1 years$69,036$68,421$67,821$67,236$66,664$65,425
2 years$34,176$33,540$32,923$32,325$31,745$30,501
3 years$22,558$21,919$21,303$20,711$20,140$18,931
4 years$16,750$16,113$15,503$14,921$14,364$13,198
5 years$13,266$12,632$12,031$11,461$10,919$9,800
6 years$10,944$10,315$9,723$9,165$8,640$7,569
7 years$9,286$8,663$8,080$7,535$7,027$6,004
8 years$8,043$7,426$6,852$6,321$5,829$4,854
9 years$7,077$6,465$5,902$5,384$4,909$3,982
10 years$6,305$5,699$5,145$4,641$4,183$3,302
11 years$5,673$5,073$4,530$4,039$3,597$2,762
12 years$5,147$4,554$4,020$3,543$3,117$2,326
13 years$4,703$4,115$3,592$3,128$2,718$1,971
14 years$4,322$3,741$3,227$2,777$2,383$1,677
15 years$3,992$3,417$2,914$2,476$2,098$1,433
16 years$3,704$3,135$2,642$2,217$1,854$1,228
17 years$3,450$2,887$2,404$1,992$1,644$1,055
18 years$3,224$2,668$2,194$1,795$1,462$909
19 years$3,023$2,473$2,009$1,622$1,303$784
20 years$2,841$2,298$1,844$1,469$1,164$678
21 years$2,678$2,140$1,696$1,333$1,042$586
22 years$2,529$1,998$1,563$1,212$934$508
23 years$2,393$1,869$1,443$1,104$838$441
24 years$2,269$1,751$1,335$1,007$753$383
25 years$2,155$1,643$1,236$920$678$333
26 years$2,050$1,544$1,146$841$611$289
27 years$1,953$1,453$1,065$770$550$252
28 years$1,863$1,369$990$705$497$219
29 years$1,780$1,292$921$647$449$191
30 years$1,702$1,220$858$594$405$166
31 years$1,629$1,153$800$545$366$145
32 years$1,561$1,091$746$501$331$126
33 years$1,497$1,033$697$461$300$110
34 years$1,437$979$651$424$272$96
35 years$1,381$929$609$390$246$84
36 years$1,328$882$569$359$223$73
37 years$1,278$837$533$331$202$64
38 years$1,230$796$499$305$183$56
39 years$1,185$757$468$281$166$49
40 years$1,143$720$438$260$151$42
41 years$1,103$685$411$239$137$37
42 years$1,064$653$385$221$124$32
43 years$1,028$622$362$204$113$28
44 years$993$593$340$188$102$25
45 years$960$565$319$174$93$21
46 years$929$539$299$161$84$19
47 years$899$515$281$148$76$16
48 years$870$491$264$137$69$14
49 years$843$469$248$127$63$12
50 years$816$448$234$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $836,000, adding $6,394 every year, while hoping to spend $35,993 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: 55/26/19 Blend
63$836,000$836,000$836,000$836,000
64$927,867$883,559$870,601$973,822
65$984,214$888,558$861,470$1,010,920
66$1,045,101$892,594$850,827$1,046,925
67$1,110,954$895,584$838,583$1,085,344
68$1,182,241$897,438$824,645$1,126,416
69$1,259,475$898,058$808,916$1,170,407
70$1,343,222$897,342$791,295$1,217,613
71$1,434,101$895,183$771,674$1,268,360
72$1,532,798$891,466$749,943$1,323,008
73$1,640,063$886,067$725,986$1,381,957
74$1,756,722$878,857$699,680$1,445,649
75$1,883,687$869,700$670,897$1,514,572
76$2,021,956$858,449$639,506$1,589,269
77$2,172,632$844,949$605,366$1,670,335
78$2,336,927$829,039$568,333$1,758,435
79$2,516,175$810,543$528,253$1,854,298
80$2,711,844$789,278$484,968$1,958,733
81$2,925,550$765,051$438,313$2,072,636
82$3,159,073$737,655$388,113$2,196,993
83$3,414,371$706,873$334,188$2,332,899
84$3,693,602$672,474$276,347$2,481,559
85$3,999,139$634,215$214,395$2,644,309
86$4,333,598$591,839$148,124$2,822,622
87$4,699,858$545,072$77,319$3,018,128
88$5,101,090$493,627$1,756$3,232,625
89$5,540,786$437,199$0$3,468,101
90$6,022,791$375,467$0$3,742,744
91$6,551,342$308,091$0$4,044,405
92$7,131,102$234,711$0$4,375,457
93$7,767,212$154,949$0$4,738,910
94$8,465,330$68,404$0$5,138,087
95$9,231,690$0$0$5,576,649
96$10,073,161$0$0$6,065,889
97$10,997,306$0$0$6,624,770
98$12,012,460$0$0$7,238,773
99$13,127,802$0$0$7,913,460
100$14,353,446$0$0$8,654,959