Can I retire at age 64 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$69,119$68,503$67,902$67,316$66,744$66,351
2 years$34,217$33,580$32,962$32,363$31,783$31,386
3 years$22,585$21,945$21,329$20,736$20,164$19,777
4 years$16,770$16,132$15,522$14,939$14,381$14,006
5 years$13,282$12,648$12,046$11,474$10,932$10,570
6 years$10,957$10,328$9,735$9,176$8,650$8,301
7 years$9,297$8,673$8,090$7,544$7,035$6,699
8 years$8,053$7,434$6,861$6,329$5,836$5,514
9 years$7,086$6,473$5,909$5,391$4,915$4,606
10 years$6,312$5,706$5,152$4,647$4,188$3,892
11 years$5,680$5,079$4,535$4,044$3,602$3,319
12 years$5,153$4,559$4,025$3,547$3,121$2,851
13 years$4,708$4,120$3,596$3,132$2,722$2,464
14 years$4,327$3,745$3,231$2,780$2,386$2,141
15 years$3,997$3,421$2,917$2,479$2,101$1,868
16 years$3,708$3,139$2,645$2,220$1,857$1,635
17 years$3,454$2,891$2,407$1,995$1,646$1,436
18 years$3,228$2,671$2,197$1,797$1,464$1,265
19 years$3,026$2,476$2,011$1,624$1,305$1,116
20 years$2,845$2,300$1,846$1,471$1,165$987
21 years$2,681$2,143$1,698$1,335$1,043$874
22 years$2,532$2,000$1,565$1,214$935$776
23 years$2,396$1,871$1,445$1,105$839$689
24 years$2,272$1,753$1,336$1,008$754$613
25 years$2,158$1,645$1,238$921$679$546
26 years$2,053$1,546$1,148$842$611$486
27 years$1,956$1,455$1,066$771$551$434
28 years$1,865$1,371$991$706$497$387
29 years$1,782$1,293$922$647$449$346
30 years$1,704$1,221$859$594$406$309
31 years$1,631$1,155$801$546$367$276
32 years$1,563$1,093$747$502$332$247
33 years$1,499$1,035$698$461$300$221
34 years$1,439$981$652$424$272$198
35 years$1,383$930$609$391$246$177
36 years$1,329$883$570$360$223$158
37 years$1,279$838$534$331$202$142
38 years$1,232$797$500$306$183$127
39 years$1,187$758$468$282$166$114
40 years$1,144$721$439$260$151$102
41 years$1,104$686$411$240$137$92
42 years$1,066$654$386$221$124$82
43 years$1,029$623$362$204$113$74
44 years$994$594$340$189$102$66
45 years$961$566$319$174$93$59
46 years$930$540$300$161$84$53
47 years$900$515$282$149$77$48
48 years$871$492$265$137$70$43
49 years$844$470$249$127$63$38
50 years$817$449$234$117$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $837,000, adding $5,176 every year, while hoping to spend $44,933 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: 41/42/17 Blend
63$837,000$837,000$837,000$837,000
64$927,713$883,352$870,379$960,904
65$974,531$878,828$851,728$980,407
66$1,024,619$872,576$830,946$996,734
67$1,078,263$864,465$807,915$1,013,457
68$1,135,775$854,353$782,510$1,030,633
69$1,197,502$842,094$754,602$1,048,330
70$1,263,819$827,529$724,053$1,066,625
71$1,335,142$810,491$690,723$1,085,608
72$1,411,927$790,805$654,462$1,105,380
73$1,494,672$768,283$615,115$1,126,058
74$1,583,927$742,728$572,520$1,147,773
75$1,680,295$713,929$526,507$1,170,678
76$1,784,439$681,666$476,899$1,194,941
77$1,897,088$645,703$423,511$1,220,758
78$2,019,042$605,794$366,149$1,248,347
79$2,151,181$561,675$304,612$1,277,954
80$2,294,474$513,069$238,689$1,309,858
81$2,449,985$459,684$168,160$1,344,372
82$2,618,884$401,209$92,794$1,381,848
83$2,802,460$337,318$12,352$1,422,682
84$3,002,128$267,664$0$1,467,318
85$3,219,448$191,882$0$1,529,585
86$3,456,134$109,586$0$1,599,965
87$3,714,074$20,370$0$1,676,890
88$3,995,344$0$0$1,761,107
89$4,302,230$0$0$1,888,665
90$4,637,248$0$0$2,038,296
91$5,003,169$0$0$2,201,833
92$5,403,040$0$0$2,380,654
93$5,840,219$0$0$2,576,273
94$6,318,401$0$0$2,790,358
95$6,841,657$0$0$3,024,746
96$7,414,465$0$0$3,281,459
97$8,041,762$0$0$3,562,725
98$8,728,979$0$0$3,870,996
99$9,482,102$0$0$4,208,975
100$10,307,721$0$0$4,579,637