Can I retire at age 64 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$70,027$69,403$68,795$68,201$67,621$65,482
2 years$34,667$34,021$33,395$32,789$32,200$30,065
3 years$22,882$22,233$21,609$21,008$20,429$18,365
4 years$16,990$16,344$15,726$15,135$14,570$12,592
5 years$13,456$12,814$12,204$11,625$11,076$9,189
6 years$11,101$10,463$9,863$9,297$8,764$6,970
7 years$9,419$8,787$8,196$7,643$7,128$5,427
8 years$8,159$7,532$6,951$6,412$5,913$4,304
9 years$7,179$6,558$5,987$5,461$4,980$3,461
10 years$6,395$5,781$5,219$4,708$4,243$2,811
11 years$5,755$5,146$4,595$4,097$3,649$2,303
12 years$5,221$4,619$4,078$3,594$3,162$1,898
13 years$4,770$4,174$3,643$3,173$2,757$1,573
14 years$4,384$3,794$3,274$2,816$2,417$1,308
15 years$4,049$3,466$2,956$2,512$2,128$1,092
16 years$3,757$3,180$2,680$2,249$1,881$914
17 years$3,499$2,929$2,438$2,021$1,668$767
18 years$3,270$2,706$2,226$1,821$1,483$645
19 years$3,066$2,508$2,038$1,646$1,322$543
20 years$2,882$2,331$1,870$1,490$1,181$457
21 years$2,716$2,171$1,720$1,353$1,057$386
22 years$2,565$2,026$1,585$1,230$947$326
23 years$2,428$1,895$1,464$1,120$850$276
24 years$2,302$1,776$1,354$1,022$764$233
25 years$2,186$1,667$1,254$933$688$197
26 years$2,080$1,566$1,163$853$619$167
27 years$1,981$1,474$1,080$781$558$142
28 years$1,890$1,389$1,004$715$504$120
29 years$1,805$1,310$934$656$455$102
30 years$1,726$1,237$870$602$411$86
31 years$1,652$1,170$811$553$372$73
32 years$1,583$1,107$757$508$336$62
33 years$1,519$1,048$707$467$304$53
34 years$1,458$993$660$430$275$45
35 years$1,401$942$617$396$250$38
36 years$1,347$894$578$365$226$32
37 years$1,296$849$541$336$205$27
38 years$1,248$807$506$310$186$23
39 years$1,202$768$474$285$168$20
40 years$1,159$730$445$263$153$17
41 years$1,118$695$417$243$139$14
42 years$1,080$662$391$224$126$12
43 years$1,043$631$367$207$114$10
44 years$1,008$601$344$191$104$9
45 years$974$573$323$176$94$7
46 years$942$547$304$163$85$6
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$4
50 years$828$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $848,000, adding $5,809 every year, while hoping to spend $48,830 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: 78/12/10 Blend
63$848,000$848,000$848,000$848,000
64$940,488$895,544$882,400$1,011,801
65$984,463$887,471$860,006$1,051,415
66$1,031,287$877,366$835,225$1,087,975
67$1,081,199$865,077$807,925$1,126,658
68$1,134,460$850,445$777,970$1,167,657
69$1,191,358$833,300$745,215$1,211,180
70$1,252,207$813,462$709,510$1,257,461
71$1,317,352$790,741$670,698$1,306,754
72$1,387,170$764,935$628,614$1,359,344
73$1,462,075$735,832$583,087$1,415,542
74$1,542,524$703,205$533,938$1,475,692
75$1,629,015$666,815$480,979$1,540,175
76$1,722,097$626,411$424,013$1,609,409
77$1,822,371$581,726$362,838$1,683,857
78$1,930,498$532,476$297,238$1,764,030
79$2,047,205$478,363$226,992$1,850,493
80$2,173,290$419,073$151,866$1,943,867
81$2,309,630$354,271$71,618$2,044,840
82$2,457,188$283,606$0$2,154,169
83$2,617,024$206,706$0$2,274,187
84$2,790,303$123,178$0$2,412,575
85$2,978,307$32,606$0$2,562,731
86$3,182,444$0$0$2,725,812
87$3,404,264$0$0$2,911,733
88$3,645,471$0$0$3,118,611
89$3,907,942$0$0$3,343,751
90$4,193,740$0$0$3,588,928
91$4,505,136$0$0$3,856,092
92$4,844,628$0$0$4,147,392
93$5,214,968$0$0$4,465,190
94$5,619,182$0$0$4,812,089
95$6,060,604$0$0$5,190,952
96$6,542,900$0$0$5,604,932
97$7,070,111$0$0$6,057,500
98$7,646,682$0$0$6,552,477
99$8,277,508$0$0$7,094,071
100$8,967,982$0$0$7,686,914