Can I retire at age 64 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$69,449$68,830$68,227$67,638$67,063$65,388
2 years$34,381$33,740$33,120$32,518$31,935$30,258
3 years$22,693$22,050$21,431$20,835$20,261$18,635
4 years$16,850$16,209$15,596$15,010$14,450$12,887
5 years$13,345$12,708$12,103$11,529$10,985$9,489
6 years$11,009$10,377$9,781$9,220$8,692$7,265
7 years$9,342$8,715$8,128$7,580$7,069$5,711
8 years$8,091$7,470$6,893$6,359$5,864$4,575
9 years$7,120$6,504$5,937$5,416$4,939$3,717
10 years$6,343$5,733$5,176$4,669$4,208$3,052
11 years$5,707$5,104$4,557$4,063$3,619$2,527
12 years$5,178$4,581$4,044$3,564$3,136$2,106
13 years$4,731$4,140$3,613$3,147$2,735$1,765
14 years$4,348$3,763$3,247$2,793$2,397$1,486
15 years$4,016$3,437$2,931$2,491$2,111$1,255
16 years$3,726$3,154$2,658$2,230$1,865$1,064
17 years$3,470$2,905$2,418$2,004$1,654$904
18 years$3,243$2,684$2,208$1,806$1,471$769
19 years$3,041$2,487$2,021$1,632$1,311$656
20 years$2,858$2,311$1,855$1,478$1,171$560
21 years$2,694$2,153$1,706$1,341$1,048$479
22 years$2,544$2,010$1,572$1,220$939$410
23 years$2,408$1,880$1,452$1,111$843$351
24 years$2,283$1,761$1,343$1,013$758$301
25 years$2,168$1,653$1,244$925$682$258
26 years$2,063$1,553$1,153$846$614$222
27 years$1,965$1,462$1,071$774$554$190
28 years$1,874$1,378$996$709$500$164
29 years$1,790$1,300$926$651$451$141
30 years$1,712$1,227$863$597$408$121
31 years$1,639$1,160$805$548$369$104
32 years$1,570$1,098$751$504$333$89
33 years$1,506$1,040$701$463$302$77
34 years$1,446$985$655$426$273$66
35 years$1,389$935$612$393$247$57
36 years$1,336$887$573$362$224$49
37 years$1,285$842$536$333$203$42
38 years$1,238$801$502$307$184$36
39 years$1,193$761$470$283$167$31
40 years$1,150$724$441$261$152$27
41 years$1,109$689$413$241$137$23
42 years$1,071$657$388$222$125$20
43 years$1,034$626$364$205$113$17
44 years$999$596$342$189$103$15
45 years$966$569$321$175$93$13
46 years$934$543$301$162$85$11
47 years$904$518$283$149$77$9
48 years$875$494$266$138$70$8
49 years$848$472$250$128$63$7
50 years$821$451$235$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $841,000, adding $3,717 every year, while hoping to spend $39,579 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: 37/36/27 Blend
63$841,000$841,000$841,000$841,000
64$930,616$886,043$873,008$957,416
65$983,427$887,347$860,142$978,812
66$1,040,298$887,389$845,518$998,021
67$1,101,602$886,065$829,036$1,018,006
68$1,167,748$883,264$810,591$1,038,862
69$1,239,184$878,870$790,072$1,060,698
70$1,316,405$872,759$767,364$1,083,637
71$1,399,954$864,800$742,346$1,107,816
72$1,490,427$854,852$714,892$1,133,391
73$1,588,480$842,770$684,870$1,160,537
74$1,694,834$828,395$652,143$1,189,451
75$1,810,283$811,562$616,565$1,220,352
76$1,935,699$792,095$577,987$1,253,489
77$2,072,041$769,809$536,251$1,289,139
78$2,220,366$744,506$491,192$1,327,612
79$2,381,834$715,978$442,638$1,369,255
80$2,557,725$684,004$390,409$1,414,456
81$2,749,444$648,351$334,319$1,463,648
82$2,958,539$608,773$274,171$1,517,314
83$3,186,715$565,007$209,761$1,575,995
84$3,435,847$516,779$140,874$1,640,290
85$3,707,998$463,797$67,289$1,710,869
86$4,005,443$405,751$0$1,788,478
87$4,330,682$342,318$0$1,877,184
88$4,686,472$273,151$0$1,995,570
89$5,075,845$197,888$0$2,125,330
90$5,502,141$116,145$0$2,267,679
91$5,969,040$27,516$0$2,423,965
92$6,480,591$0$0$2,595,675
93$7,041,256$0$0$2,811,565
94$7,655,947$0$0$3,060,327
95$8,330,076$0$0$3,333,265
96$9,069,602$0$0$3,632,808
97$9,881,091$0$0$3,961,629
98$10,771,773$0$0$4,322,676
99$11,749,613$0$0$4,719,195
100$12,823,386$0$0$5,154,759