Can I retire at age 64 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$69,862$69,240$68,632$68,040$67,461$66,952
2 years$34,585$33,941$33,317$32,711$32,124$31,611
3 years$22,828$22,181$21,558$20,959$20,381$19,879
4 years$16,950$16,305$15,689$15,099$14,536$14,050
5 years$13,425$12,784$12,175$11,598$11,050$10,581
6 years$11,075$10,439$9,839$9,275$8,743$8,292
7 years$9,397$8,766$8,177$7,625$7,111$6,677
8 years$8,140$7,514$6,934$6,397$5,899$5,483
9 years$7,162$6,543$5,973$5,449$4,968$4,570
10 years$6,380$5,767$5,207$4,697$4,233$3,852
11 years$5,741$5,134$4,584$4,088$3,640$3,277
12 years$5,209$4,608$4,068$3,585$3,155$2,808
13 years$4,759$4,164$3,635$3,165$2,751$2,421
14 years$4,373$3,785$3,266$2,810$2,411$2,098
15 years$4,040$3,458$2,949$2,506$2,123$1,825
16 years$3,748$3,173$2,673$2,244$1,877$1,594
17 years$3,491$2,922$2,433$2,016$1,664$1,396
18 years$3,263$2,700$2,221$1,817$1,479$1,226
19 years$3,059$2,502$2,033$1,642$1,319$1,079
20 years$2,875$2,325$1,866$1,487$1,178$951
21 years$2,710$2,166$1,716$1,349$1,054$840
22 years$2,559$2,022$1,582$1,227$945$743
23 years$2,422$1,891$1,460$1,117$848$658
24 years$2,296$1,772$1,351$1,019$762$583
25 years$2,181$1,663$1,251$931$686$518
26 years$2,075$1,563$1,160$851$618$460
27 years$1,977$1,471$1,077$779$557$409
28 years$1,886$1,386$1,002$714$503$364
29 years$1,801$1,307$932$654$454$324
30 years$1,722$1,235$868$601$410$288
31 years$1,648$1,167$809$552$371$257
32 years$1,580$1,104$755$507$335$229
33 years$1,515$1,046$705$466$304$204
34 years$1,454$991$659$429$275$182
35 years$1,397$940$616$395$249$163
36 years$1,344$892$576$364$226$145
37 years$1,293$847$539$335$204$130
38 years$1,245$805$505$309$185$116
39 years$1,200$766$473$285$168$103
40 years$1,157$729$443$263$152$92
41 years$1,116$694$416$242$138$82
42 years$1,077$661$390$224$125$74
43 years$1,040$629$366$206$114$66
44 years$1,005$600$344$191$103$59
45 years$972$572$323$176$94$53
46 years$940$546$303$163$85$47
47 years$909$521$285$150$77$42
48 years$880$497$268$139$70$38
49 years$853$475$251$128$64$34
50 years$826$454$236$119$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $846,000, adding $3,788 every year, while hoping to spend $51,692 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: 73/11/16 Blend
63$846,000$846,000$846,000$846,000
64$936,199$891,361$878,248$1,000,883
65$976,692$880,038$852,670$1,032,941
66$1,019,582$866,428$824,502$1,061,364
67$1,065,060$850,363$793,603$1,091,138
68$1,113,333$831,668$759,826$1,122,387
69$1,164,629$810,156$723,016$1,155,245
70$1,219,195$785,628$683,011$1,189,863
71$1,277,305$757,875$639,644$1,226,408
72$1,339,254$726,675$592,736$1,265,065
73$1,405,370$691,794$542,105$1,306,039
74$1,476,009$652,984$487,557$1,349,556
75$1,551,564$609,981$428,891$1,395,869
76$1,632,462$562,509$365,898$1,445,255
77$1,719,175$510,274$298,357$1,498,024
78$1,812,219$452,965$226,041$1,554,517
79$1,912,161$390,256$148,708$1,615,114
80$2,019,622$321,800$66,111$1,680,232
81$2,135,286$247,230$0$1,750,338
82$2,259,901$166,161$0$1,829,705
83$2,394,293$78,184$0$1,927,430
84$2,539,364$0$0$2,032,893
85$2,696,110$0$0$2,148,915
86$2,865,622$0$0$2,284,650
87$3,049,101$0$0$2,431,602
88$3,247,868$0$0$2,590,832
89$3,463,373$0$0$2,763,506
90$3,697,213$0$0$2,950,908
91$3,951,142$0$0$3,154,448
92$4,227,092$0$0$3,375,680
93$4,527,187$0$0$3,616,311
94$4,853,762$0$0$3,878,221
95$5,209,389$0$0$4,163,476
96$5,596,898$0$0$4,474,352
97$6,019,400$0$0$4,813,353
98$6,480,325$0$0$5,183,234
99$6,983,442$0$0$5,587,029
100$7,532,904$0$0$6,028,076