Can I retire at age 64 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$69,532$68,912$68,308$67,718$67,142$66,635
2 years$34,422$33,781$33,159$32,557$31,973$31,461
3 years$22,720$22,076$21,456$20,859$20,285$19,785
4 years$16,870$16,228$15,615$15,028$14,467$13,983
5 years$13,361$12,723$12,118$11,543$10,998$10,531
6 years$11,023$10,389$9,793$9,231$8,702$8,253
7 years$9,353$8,725$8,138$7,589$7,077$6,646
8 years$8,101$7,479$6,902$6,367$5,871$5,457
9 years$7,128$6,512$5,944$5,423$4,944$4,548
10 years$6,350$5,740$5,182$4,675$4,213$3,834
11 years$5,714$5,110$4,562$4,068$3,623$3,262
12 years$5,184$4,586$4,049$3,568$3,140$2,795
13 years$4,736$4,145$3,618$3,150$2,738$2,410
14 years$4,353$3,767$3,250$2,797$2,400$2,088
15 years$4,021$3,442$2,935$2,494$2,113$1,816
16 years$3,730$3,158$2,661$2,233$1,868$1,586
17 years$3,474$2,908$2,421$2,006$1,656$1,389
18 years$3,247$2,687$2,210$1,808$1,472$1,220
19 years$3,044$2,490$2,023$1,634$1,312$1,073
20 years$2,862$2,314$1,857$1,480$1,172$946
21 years$2,697$2,156$1,708$1,343$1,049$836
22 years$2,547$2,012$1,574$1,221$940$739
23 years$2,411$1,882$1,453$1,112$844$655
24 years$2,286$1,763$1,344$1,014$759$581
25 years$2,171$1,655$1,245$926$683$515
26 years$2,065$1,555$1,155$847$615$458
27 years$1,967$1,464$1,072$775$554$407
28 years$1,877$1,379$997$710$500$362
29 years$1,792$1,301$928$651$452$322
30 years$1,714$1,229$864$598$408$287
31 years$1,641$1,162$806$549$369$256
32 years$1,572$1,099$752$505$334$228
33 years$1,508$1,041$702$464$302$203
34 years$1,448$986$656$427$274$181
35 years$1,391$936$613$393$248$162
36 years$1,337$888$573$362$224$144
37 years$1,287$843$537$333$203$129
38 years$1,239$802$503$307$184$115
39 years$1,194$762$471$283$167$103
40 years$1,151$725$441$261$152$92
41 years$1,111$690$414$241$138$82
42 years$1,072$657$388$223$125$73
43 years$1,035$626$364$205$113$65
44 years$1,000$597$342$190$103$59
45 years$967$569$321$175$93$52
46 years$935$543$302$162$85$47
47 years$905$518$283$150$77$42
48 years$876$495$266$138$70$37
49 years$849$473$250$128$64$33
50 years$822$451$235$118$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $842,000, adding $5,826 every year, while hoping to spend $28,323 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: 60/35/5 Blend
63$842,000$842,000$842,000$842,000
64$933,894$889,268$876,217$988,783
65$999,015$902,706$875,434$1,039,627
66$1,069,830$915,854$873,677$1,091,262
67$1,146,889$928,667$870,881$1,146,852
68$1,230,798$941,098$866,982$1,206,775
69$1,322,223$953,096$861,910$1,271,452
70$1,421,900$964,607$855,593$1,341,344
71$1,530,634$975,574$847,957$1,416,961
72$1,649,317$985,935$838,921$1,498,862
73$1,778,926$995,624$828,403$1,587,667
74$1,920,538$1,004,571$816,316$1,684,059
75$2,075,339$1,012,702$802,570$1,788,789
76$2,244,636$1,019,937$787,068$1,902,687
77$2,429,866$1,026,191$769,712$2,026,667
78$2,632,612$1,031,374$750,397$2,161,738
79$2,854,618$1,035,391$729,015$2,309,012
80$3,097,803$1,038,139$705,451$2,469,714
81$3,364,281$1,039,510$679,586$2,645,197
82$3,656,381$1,039,389$651,295$2,836,952
83$3,976,667$1,037,654$620,448$3,046,623
84$4,327,962$1,034,174$586,909$3,276,022
85$4,713,379$1,028,814$550,535$3,527,148
86$5,136,343$1,021,425$511,177$3,802,207
87$5,600,629$1,011,854$468,681$4,103,628
88$6,110,394$999,935$422,882$4,434,093
89$6,670,218$985,495$373,612$4,796,556
90$7,285,145$968,350$320,693$5,194,276
91$7,960,734$948,303$263,941$5,630,847
92$8,703,107$925,148$203,160$6,110,232
93$9,519,009$898,665$138,151$6,636,799
94$10,415,870$868,622$68,702$7,215,366
95$11,401,878$834,774$0$7,851,244
96$12,486,052$796,860$0$8,550,579
97$13,678,329$754,606$0$9,323,469
98$14,989,657$707,720$0$10,173,378
99$16,432,099$655,895$0$11,108,168
100$18,018,945$598,806$0$12,136,508