Can I retire at age 64 with 842,000?

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 $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%16%
1 years$69,532$68,912$68,308$67,718$67,142$65,493
2 years$34,422$33,781$33,159$32,557$31,973$30,321
3 years$22,720$22,076$21,456$20,859$20,285$18,682
4 years$16,870$16,228$15,615$15,028$14,467$12,927
5 years$13,361$12,723$12,118$11,543$10,998$9,523
6 years$11,023$10,389$9,793$9,231$8,702$7,295
7 years$9,353$8,725$8,138$7,589$7,077$5,738
8 years$8,101$7,479$6,902$6,367$5,871$4,599
9 years$7,128$6,512$5,944$5,423$4,944$3,738
10 years$6,350$5,740$5,182$4,675$4,213$3,072
11 years$5,714$5,110$4,562$4,068$3,623$2,545
12 years$5,184$4,586$4,049$3,568$3,140$2,123
13 years$4,736$4,145$3,618$3,150$2,738$1,780
14 years$4,353$3,767$3,250$2,797$2,400$1,500
15 years$4,021$3,442$2,935$2,494$2,113$1,268
16 years$3,730$3,158$2,661$2,233$1,868$1,075
17 years$3,474$2,908$2,421$2,006$1,656$914
18 years$3,247$2,687$2,210$1,808$1,472$778
19 years$3,044$2,490$2,023$1,634$1,312$664
20 years$2,862$2,314$1,857$1,480$1,172$568
21 years$2,697$2,156$1,708$1,343$1,049$486
22 years$2,547$2,012$1,574$1,221$940$416
23 years$2,411$1,882$1,453$1,112$844$357
24 years$2,286$1,763$1,344$1,014$759$306
25 years$2,171$1,655$1,245$926$683$263
26 years$2,065$1,555$1,155$847$615$226
27 years$1,967$1,464$1,072$775$554$194
28 years$1,877$1,379$997$710$500$167
29 years$1,792$1,301$928$651$452$144
30 years$1,714$1,229$864$598$408$123
31 years$1,641$1,162$806$549$369$106
32 years$1,572$1,099$752$505$334$92
33 years$1,508$1,041$702$464$302$79
34 years$1,448$986$656$427$274$68
35 years$1,391$936$613$393$248$58
36 years$1,337$888$573$362$224$50
37 years$1,287$843$537$333$203$43
38 years$1,239$802$503$307$184$37
39 years$1,194$762$471$283$167$32
40 years$1,151$725$441$261$152$28
41 years$1,111$690$414$241$138$24
42 years$1,072$657$388$223$125$21
43 years$1,035$626$364$205$113$18
44 years$1,000$597$342$190$103$15
45 years$967$569$321$175$93$13
46 years$935$543$302$162$85$11
47 years$905$518$283$150$77$10
48 years$876$495$266$138$70$8
49 years$849$473$250$128$64$7
50 years$822$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 $842,000, adding $5,458 every year, while hoping to spend $37,347 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: 35/42/23 Blend
63$842,000$842,000$842,000$842,000
64$933,514$888,888$875,837$959,513
65$988,995$892,707$865,441$983,026
66$1,048,884$895,461$853,444$1,004,567
67$1,113,591$897,058$839,755$1,027,057
68$1,183,565$897,403$824,275$1,050,604
69$1,259,304$896,390$806,903$1,075,328
70$1,341,350$893,911$787,532$1,101,367
71$1,430,304$889,848$766,050$1,128,874
72$1,526,823$884,079$742,341$1,158,020
73$1,631,632$876,472$716,282$1,188,999
74$1,745,528$866,888$687,747$1,222,025
75$1,869,385$855,179$656,600$1,257,341
76$2,004,170$841,190$622,703$1,295,216
77$2,150,942$824,755$585,911$1,335,952
78$2,310,868$805,699$546,069$1,379,885
79$2,485,234$783,835$503,020$1,427,392
80$2,675,453$758,968$456,596$1,478,892
81$2,883,081$730,889$406,623$1,534,852
82$3,109,831$699,379$352,921$1,595,793
83$3,357,589$664,203$295,299$1,662,294
84$3,628,431$625,117$233,559$1,735,001
85$3,924,642$581,859$167,495$1,814,632
86$4,248,739$534,154$96,889$1,901,984
87$4,603,493$481,710$21,518$1,997,944
88$4,991,956$424,220$0$2,103,499
89$5,417,487$361,359$0$2,234,201
90$5,883,788$292,783$0$2,383,382
91$6,394,933$218,128$0$2,547,167
92$6,955,412$137,012$0$2,727,119
93$7,570,168$49,029$0$2,924,964
94$8,244,646$0$0$3,142,615
95$8,984,844$0$0$3,403,560
96$9,797,368$0$0$3,715,001
97$10,689,496$0$0$4,057,083
98$11,669,244$0$0$4,432,898
99$12,745,443$0$0$4,845,848
100$13,927,821$0$0$5,299,684