Can I retire at age 64 with 846,000?

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 $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%13.7%
1 years$69,862$69,240$68,632$68,040$67,461$66,426
2 years$34,585$33,941$33,317$32,711$32,124$31,084
3 years$22,828$22,181$21,558$20,959$20,381$19,367
4 years$16,950$16,305$15,689$15,099$14,536$13,557
5 years$13,425$12,784$12,175$11,598$11,050$10,109
6 years$11,075$10,439$9,839$9,275$8,743$7,841
7 years$9,397$8,766$8,177$7,625$7,111$6,248
8 years$8,140$7,514$6,934$6,397$5,899$5,075
9 years$7,162$6,543$5,973$5,449$4,968$4,183
10 years$6,380$5,767$5,207$4,697$4,233$3,486
11 years$5,741$5,134$4,584$4,088$3,640$2,930
12 years$5,209$4,608$4,068$3,585$3,155$2,481
13 years$4,759$4,164$3,635$3,165$2,751$2,113
14 years$4,373$3,785$3,266$2,810$2,411$1,808
15 years$4,040$3,458$2,949$2,506$2,123$1,553
16 years$3,748$3,173$2,673$2,244$1,877$1,338
17 years$3,491$2,922$2,433$2,016$1,664$1,156
18 years$3,263$2,700$2,221$1,817$1,479$1,002
19 years$3,059$2,502$2,033$1,642$1,319$869
20 years$2,875$2,325$1,866$1,487$1,178$756
21 years$2,710$2,166$1,716$1,349$1,054$658
22 years$2,559$2,022$1,582$1,227$945$574
23 years$2,422$1,891$1,460$1,117$848$501
24 years$2,296$1,772$1,351$1,019$762$438
25 years$2,181$1,663$1,251$931$686$383
26 years$2,075$1,563$1,160$851$618$335
27 years$1,977$1,471$1,077$779$557$293
28 years$1,886$1,386$1,002$714$503$257
29 years$1,801$1,307$932$654$454$225
30 years$1,722$1,235$868$601$410$198
31 years$1,648$1,167$809$552$371$173
32 years$1,580$1,104$755$507$335$152
33 years$1,515$1,046$705$466$304$133
34 years$1,454$991$659$429$275$117
35 years$1,397$940$616$395$249$103
36 years$1,344$892$576$364$226$90
37 years$1,293$847$539$335$204$79
38 years$1,245$805$505$309$185$70
39 years$1,200$766$473$285$168$61
40 years$1,157$729$443$263$152$54
41 years$1,116$694$416$242$138$47
42 years$1,077$661$390$224$125$42
43 years$1,040$629$366$206$114$37
44 years$1,005$600$344$191$103$32
45 years$972$572$323$176$94$28
46 years$940$546$303$163$85$25
47 years$909$521$285$150$77$22
48 years$880$497$268$139$70$19
49 years$853$475$251$128$64$17
50 years$826$454$236$119$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $846,000, adding $4,165 every year, while hoping to spend $53,606 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: 44/49/7 Blend
63$846,000$846,000$846,000$846,000
64$936,588$891,750$878,637$975,760
65$975,084$878,410$851,035$989,941
66$1,015,709$862,619$820,712$999,457
67$1,058,625$844,201$787,519$1,008,530
68$1,104,007$822,969$751,303$1,017,137
69$1,152,046$798,724$711,902$1,025,259
70$1,202,952$771,258$669,148$1,032,876
71$1,256,951$740,348$622,862$1,039,972
72$1,314,294$705,760$572,862$1,046,534
73$1,375,254$667,244$518,955$1,052,554
74$1,440,129$624,538$460,940$1,058,027
75$1,509,247$577,365$398,605$1,062,952
76$1,582,964$525,430$331,733$1,067,338
77$1,661,674$468,423$260,093$1,071,198
78$1,745,805$406,016$183,447$1,074,555
79$1,835,829$337,863$101,544$1,077,440
80$1,932,262$263,596$14,124$1,079,898
81$2,035,670$182,830$0$1,081,984
82$2,146,674$95,155$0$1,089,683
83$2,265,957$140$0$1,098,678
84$2,394,267$0$0$1,108,044
85$2,532,426$0$0$1,173,291
86$2,681,337$0$0$1,243,774
87$2,841,990$0$0$1,319,896
88$3,015,475$0$0$1,402,185
89$3,202,989$0$0$1,491,218
90$3,405,848$0$0$1,587,632
91$3,625,497$0$0$1,692,126
92$3,863,527$0$0$1,805,469
93$4,121,684$0$0$1,928,506
94$4,401,892$0$0$2,062,168
95$4,706,265$0$0$2,207,477
96$5,037,128$0$0$2,365,559
97$5,397,041$0$0$2,537,653
98$5,788,817$0$0$2,725,121
99$6,215,555$0$0$2,929,462
100$6,680,663$0$0$3,152,327