Can I retire at age 64 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,779$69,158$68,551$67,959$67,381$66,184
2 years$34,544$33,901$33,277$32,673$32,086$30,884
3 years$22,801$22,155$21,533$20,934$20,357$19,187
4 years$16,930$16,286$15,670$15,082$14,519$13,390
5 years$13,409$12,768$12,161$11,584$11,037$9,953
6 years$11,062$10,426$9,828$9,264$8,733$7,695
7 years$9,386$8,756$8,167$7,616$7,102$6,111
8 years$8,130$7,506$6,926$6,389$5,892$4,947
9 years$7,153$6,535$5,965$5,442$4,962$4,062
10 years$6,373$5,760$5,201$4,691$4,228$3,373
11 years$5,734$5,128$4,579$4,083$3,636$2,825
12 years$5,203$4,603$4,064$3,581$3,151$2,383
13 years$4,753$4,159$3,630$3,162$2,748$2,021
14 years$4,368$3,781$3,262$2,807$2,409$1,722
15 years$4,035$3,454$2,945$2,503$2,121$1,473
16 years$3,744$3,169$2,670$2,241$1,874$1,264
17 years$3,487$2,918$2,430$2,014$1,662$1,088
18 years$3,259$2,697$2,218$1,815$1,478$938
19 years$3,055$2,499$2,031$1,640$1,317$811
20 years$2,872$2,322$1,864$1,485$1,176$702
21 years$2,706$2,163$1,714$1,348$1,053$608
22 years$2,556$2,019$1,580$1,225$944$528
23 years$2,419$1,889$1,459$1,116$847$459
24 years$2,294$1,770$1,349$1,018$761$399
25 years$2,179$1,661$1,249$930$685$347
26 years$2,072$1,561$1,159$850$617$302
27 years$1,974$1,469$1,076$778$556$263
28 years$1,883$1,384$1,000$713$502$230
29 years$1,799$1,306$931$654$453$200
30 years$1,720$1,233$867$600$410$175
31 years$1,647$1,166$808$551$370$153
32 years$1,578$1,103$754$506$335$133
33 years$1,513$1,045$704$466$303$116
34 years$1,453$990$658$428$274$102
35 years$1,396$939$615$394$249$89
36 years$1,342$891$575$363$225$78
37 years$1,291$846$539$335$204$68
38 years$1,244$804$504$308$185$59
39 years$1,198$765$473$284$168$52
40 years$1,155$728$443$262$152$45
41 years$1,115$693$415$242$138$40
42 years$1,076$660$390$223$125$35
43 years$1,039$629$366$206$114$30
44 years$1,004$599$343$190$103$27
45 years$971$571$322$176$94$23
46 years$939$545$303$162$85$20
47 years$908$520$284$150$77$18
48 years$879$497$267$139$70$16
49 years$852$474$251$128$64$14
50 years$825$453$236$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $845,000, adding $3,121 every year, while hoping to spend $23,570 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: 65/8/27 Blend
63$845,000$845,000$845,000$845,000
64$934,409$889,624$876,527$988,310
65$1,004,641$908,138$880,812$1,043,609
66$1,081,246$926,768$884,451$1,101,123
67$1,164,850$945,497$887,397$1,163,467
68$1,256,141$964,302$889,601$1,231,118
69$1,355,877$983,162$891,012$1,304,604
70$1,464,891$1,002,053$891,576$1,384,505
71$1,584,103$1,020,946$891,237$1,471,460
72$1,714,522$1,039,813$889,934$1,566,175
73$1,857,263$1,058,623$887,607$1,669,427
74$2,013,551$1,077,343$884,188$1,782,073
75$2,184,736$1,095,936$879,612$1,905,059
76$2,372,305$1,114,362$873,804$2,039,426
77$2,577,894$1,132,580$866,691$2,186,322
78$2,803,308$1,150,545$858,194$2,347,013
79$3,050,531$1,168,208$848,229$2,522,894
80$3,321,752$1,185,517$836,711$2,715,505
81$3,619,379$1,202,416$823,550$2,926,540
82$3,946,067$1,218,845$808,650$3,157,871
83$4,304,738$1,234,741$791,912$3,411,557
84$4,698,614$1,250,036$773,234$3,689,871
85$5,131,241$1,264,656$752,505$3,995,317
86$5,606,527$1,278,523$729,613$4,330,656
87$6,128,776$1,291,555$704,439$4,698,933
88$6,702,733$1,303,662$676,859$5,103,502
89$7,333,620$1,314,751$646,743$5,548,061
90$8,027,196$1,324,720$613,955$6,036,688
91$8,789,801$1,333,462$578,353$6,573,877
92$9,628,422$1,340,863$539,790$7,164,582
93$10,550,757$1,346,802$498,109$7,814,263
94$11,565,288$1,351,149$453,150$8,528,940
95$12,681,360$1,353,767$404,742$9,315,248
96$13,909,267$1,354,511$352,710$10,180,500
97$15,260,356$1,353,225$296,869$11,132,758
98$16,747,124$1,349,744$237,026$12,180,908
99$18,383,344$1,343,895$172,979$13,334,744
100$20,184,190$1,335,492$104,520$14,605,062