Can I retire at age 64 with 841,000?

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 $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%19%
1 years$69,449$68,830$68,227$67,638$67,063$64,632
2 years$34,381$33,740$33,120$32,518$31,935$29,512
3 years$22,693$22,050$21,431$20,835$20,261$17,923
4 years$16,850$16,209$15,596$15,010$14,450$12,215
5 years$13,345$12,708$12,103$11,529$10,985$8,858
6 years$11,009$10,377$9,781$9,220$8,692$6,675
7 years$9,342$8,715$8,128$7,580$7,069$5,161
8 years$8,091$7,470$6,893$6,359$5,864$4,064
9 years$7,120$6,504$5,937$5,416$4,939$3,244
10 years$6,343$5,733$5,176$4,669$4,208$2,616
11 years$5,707$5,104$4,557$4,063$3,619$2,126
12 years$5,178$4,581$4,044$3,564$3,136$1,738
13 years$4,731$4,140$3,613$3,147$2,735$1,428
14 years$4,348$3,763$3,247$2,793$2,397$1,179
15 years$4,016$3,437$2,931$2,491$2,111$975
16 years$3,726$3,154$2,658$2,230$1,865$809
17 years$3,470$2,905$2,418$2,004$1,654$673
18 years$3,243$2,684$2,208$1,806$1,471$561
19 years$3,041$2,487$2,021$1,632$1,311$468
20 years$2,858$2,311$1,855$1,478$1,171$391
21 years$2,694$2,153$1,706$1,341$1,048$327
22 years$2,544$2,010$1,572$1,220$939$273
23 years$2,408$1,880$1,452$1,111$843$229
24 years$2,283$1,761$1,343$1,013$758$192
25 years$2,168$1,653$1,244$925$682$161
26 years$2,063$1,553$1,153$846$614$135
27 years$1,965$1,462$1,071$774$554$113
28 years$1,874$1,378$996$709$500$95
29 years$1,790$1,300$926$651$451$80
30 years$1,712$1,227$863$597$408$67
31 years$1,639$1,160$805$548$369$56
32 years$1,570$1,098$751$504$333$47
33 years$1,506$1,040$701$463$302$40
34 years$1,446$985$655$426$273$33
35 years$1,389$935$612$393$247$28
36 years$1,336$887$573$362$224$23
37 years$1,285$842$536$333$203$20
38 years$1,238$801$502$307$184$17
39 years$1,193$761$470$283$167$14
40 years$1,150$724$441$261$152$12
41 years$1,109$689$413$241$137$10
42 years$1,071$657$388$222$125$8
43 years$1,034$626$364$205$113$7
44 years$999$596$342$189$103$6
45 years$966$569$321$175$93$5
46 years$934$543$301$162$85$4
47 years$904$518$283$149$77$3
48 years$875$494$266$138$70$3
49 years$848$472$250$128$63$2
50 years$821$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $841,000, adding $2,153 every year, while hoping to spend $54,681 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: 71/16/13 Blend
63$841,000$841,000$841,000$841,000
64$929,003$884,430$871,394$992,201
65$965,581$869,587$842,406$1,019,546
66$1,004,057$852,184$810,614$1,042,613
67$1,044,568$832,037$775,866$1,066,419
68$1,087,261$808,954$738,004$1,091,027
69$1,132,297$782,728$696,863$1,116,505
70$1,179,852$753,143$652,268$1,142,931
71$1,230,117$719,967$604,040$1,170,393
72$1,283,302$682,959$551,989$1,198,988
73$1,339,635$641,860$495,916$1,228,825
74$1,399,365$596,398$435,617$1,260,026
75$1,462,765$546,286$370,874$1,292,727
76$1,530,133$491,220$301,464$1,327,080
77$1,601,794$430,877$227,151$1,363,255
78$1,678,106$364,919$147,689$1,401,442
79$1,759,458$292,986$62,823$1,441,850
80$1,846,280$214,699$0$1,484,717
81$1,939,039$129,658$0$1,534,151
82$2,038,249$37,440$0$1,596,148
83$2,144,474$0$0$1,662,348
84$2,258,331$0$0$1,744,144
85$2,380,498$0$0$1,839,011
86$2,511,718$0$0$1,940,938
87$2,652,807$0$0$2,050,564
88$2,804,661$0$0$2,168,589
89$2,968,265$0$0$2,295,782
90$3,144,698$0$0$2,432,988
91$3,335,148$0$0$2,581,134
92$3,540,919$0$0$2,741,240
93$3,763,445$0$0$2,914,428
94$4,004,301$0$0$3,101,928
95$4,265,219$0$0$3,305,096
96$4,548,105$0$0$3,525,419
97$4,855,051$0$0$3,764,537
98$5,188,361$0$0$4,024,250
99$5,550,569$0$0$4,306,540
100$5,944,462$0$0$4,613,584