Can I retire at age 64 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$69,614$68,994$68,389$67,799$67,222$66,410
2 years$34,462$33,821$33,199$32,595$32,010$31,193
3 years$22,747$22,102$21,482$20,884$20,309$19,511
4 years$16,890$16,247$15,633$15,046$14,484$13,713
5 years$13,377$12,738$12,132$11,557$11,011$10,268
6 years$11,036$10,402$9,804$9,242$8,712$7,999
7 years$9,364$8,735$8,148$7,598$7,086$6,402
8 years$8,111$7,488$6,910$6,374$5,878$5,225
9 years$7,137$6,519$5,951$5,429$4,950$4,326
10 years$6,358$5,747$5,189$4,680$4,218$3,623
11 years$5,721$5,116$4,568$4,073$3,628$3,061
12 years$5,190$4,592$4,054$3,573$3,144$2,605
13 years$4,742$4,150$3,622$3,154$2,741$2,230
14 years$4,358$3,772$3,254$2,800$2,403$1,918
15 years$4,025$3,446$2,938$2,497$2,116$1,656
16 years$3,735$3,161$2,664$2,236$1,870$1,435
17 years$3,479$2,911$2,424$2,009$1,658$1,248
18 years$3,251$2,690$2,213$1,810$1,474$1,087
19 years$3,048$2,493$2,026$1,636$1,314$949
20 years$2,865$2,317$1,859$1,482$1,174$830
21 years$2,700$2,158$1,710$1,345$1,050$727
22 years$2,550$2,015$1,576$1,223$941$638
23 years$2,413$1,884$1,455$1,113$845$560
24 years$2,288$1,765$1,346$1,015$760$493
25 years$2,173$1,657$1,247$927$684$433
26 years$2,067$1,557$1,156$848$616$382
27 years$1,970$1,465$1,074$776$555$336
28 years$1,879$1,381$998$711$501$297
29 years$1,795$1,303$929$652$452$262
30 years$1,716$1,230$865$598$409$231
31 years$1,643$1,163$806$550$369$204
32 years$1,574$1,100$752$505$334$180
33 years$1,510$1,042$703$465$302$159
34 years$1,449$988$656$427$274$141
35 years$1,392$937$614$393$248$124
36 years$1,339$889$574$362$225$110
37 years$1,288$844$537$334$204$97
38 years$1,241$803$503$308$185$86
39 years$1,195$763$471$284$167$76
40 years$1,153$726$442$262$152$67
41 years$1,112$691$414$241$138$60
42 years$1,073$658$389$223$125$53
43 years$1,037$627$365$206$113$47
44 years$1,002$598$342$190$103$41
45 years$968$570$321$175$94$37
46 years$937$544$302$162$85$32
47 years$906$519$284$150$77$29
48 years$877$495$267$138$70$25
49 years$850$473$251$128$64$22
50 years$823$452$236$118$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $843,000, adding $6,445 every year, while hoping to spend $48,474 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: 64/28/8 Blend
63$843,000$843,000$843,000$843,000
64$935,634$890,955$877,889$993,616
65$979,493$883,036$855,722$1,025,146
66$1,026,200$873,104$831,188$1,053,275
67$1,075,996$861,010$804,156$1,082,744
68$1,129,143$846,594$774,490$1,113,682
69$1,185,928$829,689$742,048$1,146,229
70$1,246,665$810,117$706,679$1,180,543
71$1,311,700$787,688$668,228$1,216,799
72$1,381,412$762,203$626,533$1,255,193
73$1,456,216$733,451$581,422$1,295,940
74$1,536,568$701,208$532,717$1,339,284
75$1,622,968$665,238$480,233$1,385,491
76$1,715,966$625,289$423,776$1,434,860
77$1,816,164$581,098$363,142$1,487,721
78$1,924,225$532,384$298,120$1,544,442
79$2,040,877$478,852$228,488$1,605,433
80$2,166,920$420,188$154,015$1,671,145
81$2,303,231$356,064$74,461$1,742,082
82$2,450,779$286,128$0$1,818,802
83$2,610,623$210,014$0$1,902,815
84$2,783,932$127,330$0$2,000,758
85$2,971,990$37,666$0$2,107,053
86$3,176,209$0$0$2,222,568
87$3,398,143$0$0$2,366,569
88$3,639,499$0$0$2,535,845
89$3,902,158$0$0$2,720,117
90$4,188,189$0$0$2,920,840
91$4,499,867$0$0$3,139,621
92$4,839,697$0$0$3,378,224
93$5,210,436$0$0$3,638,593
94$5,615,119$0$0$3,922,866
95$6,057,087$0$0$4,233,400
96$6,540,015$0$0$4,572,786
97$7,067,954$0$0$4,943,878
98$7,645,358$0$0$5,349,818
99$8,277,137$0$0$5,794,067
100$8,968,694$0$0$6,280,434