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%15.7%
1 years$70,027$69,403$68,795$68,201$67,621$66,040
2 years$34,667$34,021$33,395$32,789$32,200$30,616
3 years$22,882$22,233$21,609$21,008$20,429$18,892
4 years$16,990$16,344$15,726$15,135$14,570$13,092
5 years$13,456$12,814$12,204$11,625$11,076$9,660
6 years$11,101$10,463$9,863$9,297$8,764$7,412
7 years$9,419$8,787$8,196$7,643$7,128$5,840
8 years$8,159$7,532$6,951$6,412$5,913$4,689
9 years$7,179$6,558$5,987$5,461$4,980$3,818
10 years$6,395$5,781$5,219$4,708$4,243$3,143
11 years$5,755$5,146$4,595$4,097$3,649$2,609
12 years$5,221$4,619$4,078$3,594$3,162$2,181
13 years$4,770$4,174$3,643$3,173$2,757$1,833
14 years$4,384$3,794$3,274$2,816$2,417$1,547
15 years$4,049$3,466$2,956$2,512$2,128$1,310
16 years$3,757$3,180$2,680$2,249$1,881$1,113
17 years$3,499$2,929$2,438$2,021$1,668$949
18 years$3,270$2,706$2,226$1,821$1,483$810
19 years$3,066$2,508$2,038$1,646$1,322$693
20 years$2,882$2,331$1,870$1,490$1,181$593
21 years$2,716$2,171$1,720$1,353$1,057$509
22 years$2,565$2,026$1,585$1,230$947$437
23 years$2,428$1,895$1,464$1,120$850$375
24 years$2,302$1,776$1,354$1,022$764$323
25 years$2,186$1,667$1,254$933$688$278
26 years$2,080$1,566$1,163$853$619$239
27 years$1,981$1,474$1,080$781$558$206
28 years$1,890$1,389$1,004$715$504$178
29 years$1,805$1,310$934$656$455$153
30 years$1,726$1,237$870$602$411$132
31 years$1,652$1,170$811$553$372$114
32 years$1,583$1,107$757$508$336$98
33 years$1,519$1,048$707$467$304$85
34 years$1,458$993$660$430$275$73
35 years$1,401$942$617$396$250$63
36 years$1,347$894$578$365$226$55
37 years$1,296$849$541$336$205$47
38 years$1,248$807$506$310$186$41
39 years$1,202$768$474$285$168$35
40 years$1,159$730$445$263$153$30
41 years$1,118$695$417$243$139$26
42 years$1,080$662$391$224$126$23
43 years$1,043$631$367$207$114$20
44 years$1,008$601$344$191$104$17
45 years$974$573$323$176$94$15
46 years$942$547$304$163$85$13
47 years$912$522$285$151$78$11
48 years$882$498$268$139$70$9
49 years$855$476$252$129$64$8
50 years$828$455$237$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $848,000, adding $2,576 every year, while hoping to spend $45,386 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: 56/16/28 Blend
63$848,000$848,000$848,000$848,000
64$937,153$892,209$879,065$982,271
65$984,452$887,637$860,223$1,009,028
66$1,035,055$881,320$839,229$1,033,233
67$1,089,250$873,124$815,963$1,058,686
68$1,147,355$862,908$790,299$1,085,523
69$1,209,716$850,522$762,105$1,113,894
70$1,276,717$835,807$731,245$1,143,969
71$1,348,775$818,595$697,575$1,175,937
72$1,426,351$798,706$660,945$1,210,009
73$1,509,950$775,954$621,197$1,246,419
74$1,600,126$750,137$578,169$1,285,429
75$1,697,489$721,044$531,688$1,327,330
76$1,802,709$688,452$481,576$1,372,445
77$1,916,522$652,122$427,645$1,421,137
78$2,039,737$611,806$369,701$1,473,805
79$2,173,243$567,238$307,539$1,530,894
80$2,318,019$518,137$240,946$1,592,901
81$2,475,139$464,209$169,701$1,660,375
82$2,645,788$405,139$93,570$1,733,927
83$2,831,265$340,598$12,311$1,814,233
84$3,033,003$270,236$0$1,902,046
85$3,252,576$193,684$0$2,020,428
86$3,491,716$110,552$0$2,153,446
87$3,752,332$20,430$0$2,298,523
88$4,036,520$0$0$2,456,882
89$4,346,592$0$0$2,643,448
90$4,685,089$0$0$2,851,115
91$5,054,810$0$0$3,078,012
92$5,458,835$0$0$3,326,040
93$5,900,556$0$0$3,597,290
94$6,383,708$0$0$3,894,064
95$6,912,403$0$0$4,218,901
96$7,491,167$0$0$4,574,591
97$8,124,986$0$0$4,964,210
98$8,819,352$0$0$5,391,146
99$9,580,309$0$0$5,859,127
100$10,414,518$0$0$6,372,262