Can I retire at age 64 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$69,366$68,749$68,146$67,557$66,983$66,311
2 years$34,340$33,700$33,080$32,479$31,897$31,220
3 years$22,666$22,023$21,405$20,810$20,236$19,576
4 years$16,830$16,190$15,578$14,992$14,433$13,793
5 years$13,329$12,693$12,089$11,516$10,972$10,355
6 years$10,996$10,365$9,770$9,209$8,681$8,089
7 years$9,331$8,704$8,119$7,571$7,060$6,492
8 years$8,082$7,461$6,885$6,351$5,857$5,313
9 years$7,111$6,496$5,930$5,410$4,933$4,412
10 years$6,335$5,726$5,170$4,663$4,203$3,706
11 years$5,700$5,098$4,552$4,059$3,615$3,141
12 years$5,172$4,575$4,039$3,560$3,132$2,682
13 years$4,725$4,135$3,609$3,143$2,731$2,303
14 years$4,342$3,758$3,243$2,790$2,394$1,987
15 years$4,011$3,433$2,928$2,488$2,108$1,722
16 years$3,722$3,150$2,654$2,228$1,863$1,498
17 years$3,466$2,901$2,415$2,002$1,652$1,306
18 years$3,240$2,681$2,205$1,804$1,469$1,142
19 years$3,037$2,484$2,019$1,630$1,309$1,001
20 years$2,855$2,309$1,853$1,476$1,169$879
21 years$2,690$2,150$1,704$1,340$1,047$773
22 years$2,541$2,007$1,570$1,218$938$680
23 years$2,405$1,877$1,450$1,109$842$600
24 years$2,280$1,759$1,341$1,012$757$529
25 years$2,166$1,651$1,242$924$681$468
26 years$2,060$1,551$1,152$845$613$413
27 years$1,963$1,460$1,070$773$553$366
28 years$1,872$1,376$994$709$499$324
29 years$1,788$1,298$925$650$451$287
30 years$1,710$1,226$862$596$407$254
31 years$1,637$1,159$804$548$368$225
32 years$1,568$1,096$750$503$333$200
33 years$1,504$1,038$700$463$301$177
34 years$1,444$984$654$426$273$157
35 years$1,387$933$612$392$247$140
36 years$1,334$886$572$361$224$124
37 years$1,284$841$535$333$203$110
38 years$1,236$800$501$307$184$98
39 years$1,191$760$470$283$167$87
40 years$1,148$723$440$261$151$77
41 years$1,108$689$413$241$137$69
42 years$1,069$656$387$222$125$61
43 years$1,033$625$363$205$113$54
44 years$998$596$341$189$103$48
45 years$965$568$320$175$93$43
46 years$933$542$301$161$85$38
47 years$903$517$283$149$77$34
48 years$874$494$266$138$70$30
49 years$847$471$250$127$63$27
50 years$820$450$235$118$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $840,000, adding $4,170 every year, while hoping to spend $35,671 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: 29/47/24 Blend
63$840,000$840,000$840,000$840,000
64$929,981$885,461$872,441$949,902
65$986,886$890,895$863,714$971,165
66$1,048,399$895,400$853,500$990,583
67$1,114,953$898,892$841,710$1,010,724
68$1,187,024$901,283$828,252$1,031,675
69$1,265,134$902,480$813,032$1,053,531
70$1,349,857$902,381$795,949$1,076,404
71$1,441,827$900,882$776,897$1,100,415
72$1,541,737$897,869$755,767$1,125,705
73$1,650,353$893,223$732,443$1,152,431
74$1,768,515$886,817$706,807$1,180,769
75$1,897,149$878,517$678,730$1,210,917
76$2,037,274$868,180$648,083$1,243,099
77$2,190,010$855,654$614,728$1,277,563
78$2,356,590$840,781$578,521$1,314,590
79$2,538,372$823,389$539,311$1,354,493
80$2,736,851$803,299$496,943$1,397,620
81$2,953,670$780,322$451,251$1,444,365
82$3,190,641$754,255$402,065$1,495,164
83$3,449,758$724,885$349,206$1,550,504
84$3,733,216$691,986$292,486$1,610,929
85$4,043,431$655,321$231,711$1,677,046
86$4,383,065$614,635$166,678$1,749,531
87$4,755,049$569,663$97,172$1,829,136
88$5,162,609$520,122$22,973$1,916,699
89$5,609,301$465,714$0$2,013,149
90$6,099,039$406,123$0$2,133,919
91$6,636,134$341,017$0$2,272,978
92$7,225,335$270,042$0$2,425,780
93$7,871,873$192,827$0$2,593,814
94$8,581,508$108,980$0$2,778,726
95$9,360,587$18,086$0$2,982,340
96$10,216,101$0$0$3,206,673
97$11,155,751$0$0$3,495,485
98$12,188,020$0$0$3,823,183
99$13,322,252$0$0$4,183,397
100$14,568,745$0$0$4,579,416