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%11.9%
1 years$69,779$69,158$68,551$67,959$67,381$66,845
2 years$34,544$33,901$33,277$32,673$32,086$31,545
3 years$22,801$22,155$21,533$20,934$20,357$19,828
4 years$16,930$16,286$15,670$15,082$14,519$14,007
5 years$13,409$12,768$12,161$11,584$11,037$10,543
6 years$11,062$10,426$9,828$9,264$8,733$8,258
7 years$9,386$8,756$8,167$7,616$7,102$6,646
8 years$8,130$7,506$6,926$6,389$5,892$5,455
9 years$7,153$6,535$5,965$5,442$4,962$4,543
10 years$6,373$5,760$5,201$4,691$4,228$3,828
11 years$5,734$5,128$4,579$4,083$3,636$3,254
12 years$5,203$4,603$4,064$3,581$3,151$2,787
13 years$4,753$4,159$3,630$3,162$2,748$2,401
14 years$4,368$3,781$3,262$2,807$2,409$2,079
15 years$4,035$3,454$2,945$2,503$2,121$1,808
16 years$3,744$3,169$2,670$2,241$1,874$1,577
17 years$3,487$2,918$2,430$2,014$1,662$1,380
18 years$3,259$2,697$2,218$1,815$1,478$1,211
19 years$3,055$2,499$2,031$1,640$1,317$1,065
20 years$2,872$2,322$1,864$1,485$1,176$939
21 years$2,706$2,163$1,714$1,348$1,053$828
22 years$2,556$2,019$1,580$1,225$944$732
23 years$2,419$1,889$1,459$1,116$847$648
24 years$2,294$1,770$1,349$1,018$761$574
25 years$2,179$1,661$1,249$930$685$509
26 years$2,072$1,561$1,159$850$617$452
27 years$1,974$1,469$1,076$778$556$401
28 years$1,883$1,384$1,000$713$502$357
29 years$1,799$1,306$931$654$453$317
30 years$1,720$1,233$867$600$410$282
31 years$1,647$1,166$808$551$370$251
32 years$1,578$1,103$754$506$335$224
33 years$1,513$1,045$704$466$303$200
34 years$1,453$990$658$428$274$178
35 years$1,396$939$615$394$249$159
36 years$1,342$891$575$363$225$141
37 years$1,291$846$539$335$204$126
38 years$1,244$804$504$308$185$113
39 years$1,198$765$473$284$168$100
40 years$1,155$728$443$262$152$90
41 years$1,115$693$415$242$138$80
42 years$1,076$660$390$223$125$71
43 years$1,039$629$366$206$114$64
44 years$1,004$599$343$190$103$57
45 years$971$571$322$176$94$51
46 years$939$545$303$162$85$45
47 years$908$520$284$150$77$41
48 years$879$497$267$139$70$36
49 years$852$474$251$128$64$32
50 years$825$453$236$118$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $845,000, adding $6,243 every year, while hoping to spend $44,005 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: 47/29/24 Blend
63$845,000$845,000$845,000$845,000
64$937,630$892,845$879,747$975,009
65$986,447$889,773$862,398$998,794
66$1,038,769$885,076$842,992$1,019,755
67$1,094,906$878,628$821,415$1,041,623
68$1,155,200$870,294$797,546$1,064,507
69$1,220,025$859,933$771,259$1,088,524
70$1,289,793$847,395$742,421$1,113,809
71$1,364,955$832,521$710,896$1,140,515
72$1,446,007$815,141$676,537$1,168,810
73$1,533,494$795,077$639,195$1,198,886
74$1,628,014$772,139$598,712$1,230,955
75$1,730,225$746,128$554,923$1,265,257
76$1,840,851$716,832$507,656$1,302,059
77$1,960,687$684,025$456,731$1,341,661
78$2,090,605$647,471$401,960$1,384,396
79$2,231,568$606,918$343,147$1,430,637
80$2,384,633$562,102$280,087$1,480,800
81$2,550,962$512,741$212,566$1,535,349
82$2,731,834$458,539$140,361$1,594,801
83$2,928,655$399,182$63,238$1,659,732
84$3,142,976$334,339$0$1,730,782
85$3,376,498$263,661$0$1,813,548
86$3,631,097$186,776$0$1,921,538
87$3,908,836$103,296$0$2,039,492
88$4,211,987$12,807$0$2,168,459
89$4,543,050$0$0$2,309,602
90$4,904,776$0$0$2,491,371
91$5,300,195$0$0$2,694,631
92$5,732,645$0$0$2,917,021
93$6,205,796$0$0$3,160,443
94$6,723,695$0$0$3,426,989
95$7,290,793$0$0$3,718,964
96$7,911,996$0$0$4,038,907
97$8,592,705$0$0$4,389,614
98$9,338,866$0$0$4,774,163
99$10,157,032$0$0$5,195,945
100$11,054,417$0$0$5,658,696