Can I retire at age 64 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$69,697$69,076$68,470$67,879$67,302$64,966
2 years$34,503$33,861$33,238$32,634$32,048$29,719
3 years$22,774$22,128$21,507$20,909$20,333$18,083
4 years$16,910$16,267$15,652$15,064$14,502$12,349
5 years$13,393$12,753$12,146$11,570$11,024$8,974
6 years$11,049$10,414$9,816$9,253$8,723$6,777
7 years$9,375$8,746$8,157$7,607$7,094$5,252
8 years$8,120$7,497$6,918$6,382$5,885$4,146
9 years$7,145$6,527$5,958$5,436$4,956$3,317
10 years$6,365$5,753$5,195$4,686$4,223$2,682
11 years$5,728$5,122$4,573$4,078$3,632$2,185
12 years$5,197$4,597$4,059$3,577$3,147$1,792
13 years$4,748$4,154$3,626$3,158$2,744$1,476
14 years$4,363$3,776$3,258$2,803$2,406$1,221
15 years$4,030$3,450$2,942$2,500$2,118$1,014
16 years$3,739$3,165$2,667$2,238$1,872$844
17 years$3,483$2,915$2,427$2,011$1,660$704
18 years$3,255$2,693$2,215$1,813$1,476$588
19 years$3,051$2,496$2,028$1,638$1,316$492
20 years$2,868$2,320$1,861$1,483$1,175$412
21 years$2,703$2,161$1,712$1,346$1,052$346
22 years$2,553$2,017$1,578$1,224$943$290
23 years$2,416$1,886$1,457$1,115$846$244
24 years$2,291$1,767$1,347$1,017$760$205
25 years$2,176$1,659$1,248$929$684$172
26 years$2,070$1,559$1,157$849$616$145
27 years$1,972$1,467$1,075$777$556$122
28 years$1,881$1,382$999$712$501$103
29 years$1,797$1,304$930$653$453$86
30 years$1,718$1,232$866$599$409$73
31 years$1,645$1,164$807$550$370$61
32 years$1,576$1,102$753$506$335$52
33 years$1,511$1,043$703$465$303$44
34 years$1,451$989$657$428$274$37
35 years$1,394$938$614$394$248$31
36 years$1,340$890$575$363$225$26
37 years$1,290$845$538$334$204$22
38 years$1,242$803$504$308$185$19
39 years$1,197$764$472$284$168$16
40 years$1,154$727$442$262$152$13
41 years$1,113$692$415$242$138$11
42 years$1,075$659$389$223$125$9
43 years$1,038$628$365$206$114$8
44 years$1,003$599$343$190$103$7
45 years$969$571$322$176$94$6
46 years$938$544$302$162$85$5
47 years$907$520$284$150$77$4
48 years$878$496$267$138$70$3
49 years$851$474$251$128$64$3
50 years$824$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $844,000, adding $2,623 every year, while hoping to spend $37,220 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: 47/34/19 Blend
63$844,000$844,000$844,000$844,000
64$932,794$888,062$874,980$971,491
65$988,337$891,975$864,690$1,002,636
66$1,048,298$894,832$852,808$1,032,467
67$1,113,088$896,543$839,241$1,064,062
68$1,183,160$897,010$823,892$1,097,602
69$1,259,010$896,132$806,660$1,133,287
70$1,341,184$893,797$787,438$1,171,342
71$1,430,284$889,892$766,116$1,212,014
72$1,526,969$884,293$742,577$1,255,578
73$1,631,966$876,870$716,700$1,302,341
74$1,746,074$867,484$688,357$1,352,643
75$1,870,172$855,989$657,415$1,406,859
76$2,005,227$842,229$623,736$1,465,409
77$2,152,302$826,041$587,173$1,528,757
78$2,312,570$807,250$547,576$1,597,417
79$2,487,318$785,671$504,786$1,671,960
80$2,677,964$761,109$458,636$1,753,017
81$2,886,070$733,357$408,955$1,841,291
82$3,113,354$702,196$355,559$1,937,557
83$3,361,708$667,395$298,262$2,042,676
84$3,633,213$628,709$236,865$2,157,600
85$3,930,163$585,878$171,162$2,283,384
86$4,255,083$538,629$100,939$2,421,196
87$4,610,751$486,672$25,970$2,572,329
88$5,000,230$429,701$0$2,738,212
89$5,426,890$367,393$0$2,931,384
90$5,894,443$299,405$0$3,148,971
91$6,406,978$225,378$0$3,387,691
92$6,968,998$144,929$0$3,649,740
93$7,585,462$57,657$0$3,937,543
94$8,261,832$0$0$4,253,777
95$9,004,125$0$0$4,615,191
96$9,818,969$0$0$5,035,707
97$10,713,665$0$0$5,497,533
98$11,696,254$0$0$6,004,833
99$12,775,596$0$0$6,562,194
100$13,961,450$0$0$7,174,669