Can I retire at age 64 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$70,110$69,485$68,876$68,281$67,700$66,910
2 years$34,708$34,061$33,435$32,827$32,238$31,443
3 years$22,909$22,259$21,635$21,033$20,453$19,677
4 years$17,010$16,363$15,744$15,153$14,587$13,837
5 years$13,472$12,829$12,218$11,639$11,089$10,366
6 years$11,114$10,476$9,874$9,308$8,774$8,080
7 years$9,431$8,797$8,206$7,652$7,136$6,471
8 years$8,168$7,541$6,959$6,419$5,920$5,283
9 years$7,187$6,566$5,994$5,468$4,985$4,377
10 years$6,403$5,787$5,225$4,713$4,248$3,668
11 years$5,761$5,152$4,600$4,102$3,653$3,101
12 years$5,227$4,624$4,083$3,598$3,166$2,641
13 years$4,776$4,179$3,648$3,177$2,761$2,262
14 years$4,389$3,799$3,277$2,820$2,420$1,947
15 years$4,054$3,470$2,959$2,515$2,131$1,683
16 years$3,761$3,184$2,683$2,252$1,883$1,459
17 years$3,503$2,932$2,441$2,023$1,670$1,269
18 years$3,274$2,709$2,229$1,823$1,485$1,106
19 years$3,070$2,511$2,040$1,647$1,323$967
20 years$2,885$2,333$1,872$1,492$1,182$846
21 years$2,719$2,174$1,722$1,354$1,058$742
22 years$2,568$2,029$1,587$1,231$948$651
23 years$2,431$1,898$1,466$1,121$851$572
24 years$2,305$1,778$1,355$1,023$765$504
25 years$2,189$1,668$1,255$934$688$444
26 years$2,082$1,568$1,164$854$620$391
27 years$1,984$1,476$1,081$782$559$345
28 years$1,892$1,391$1,005$716$504$304
29 years$1,807$1,312$935$657$455$269
30 years$1,728$1,239$871$603$412$237
31 years$1,654$1,171$812$554$372$210
32 years$1,585$1,108$758$509$337$185
33 years$1,520$1,049$708$468$305$164
34 years$1,460$995$661$430$276$145
35 years$1,402$943$618$396$250$128
36 years$1,348$895$578$365$226$114
37 years$1,298$850$541$336$205$101
38 years$1,249$808$507$310$186$89
39 years$1,204$769$475$286$169$79
40 years$1,161$731$445$264$153$70
41 years$1,120$696$417$243$139$62
42 years$1,081$663$391$224$126$55
43 years$1,044$632$367$207$114$49
44 years$1,009$602$345$191$104$43
45 years$975$574$324$177$94$38
46 years$943$548$304$163$86$34
47 years$913$523$286$151$78$30
48 years$884$499$268$139$71$26
49 years$856$476$252$129$64$23
50 years$829$455$237$119$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $849,000, adding $4,368 every year, while hoping to spend $51,151 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: 72/12/16 Blend
63$849,000$849,000$849,000$849,000
64$940,104$895,107$881,947$1,004,049
65$981,570$884,543$857,068$1,036,496
66$1,025,551$871,747$829,641$1,065,392
67$1,072,251$856,555$799,527$1,095,703
68$1,121,889$838,795$766,580$1,127,559
69$1,174,709$818,284$730,648$1,161,104
70$1,230,976$794,826$691,571$1,196,498
71$1,290,980$768,217$649,184$1,233,919
72$1,355,040$738,240$603,311$1,273,562
73$1,423,504$704,663$553,772$1,315,646
74$1,496,754$667,244$500,375$1,360,412
75$1,575,209$625,725$442,924$1,408,126
76$1,659,328$579,834$381,211$1,459,086
77$1,749,617$529,283$315,018$1,513,620
78$1,846,628$473,767$244,121$1,572,091
79$1,950,968$412,966$168,283$1,634,902
80$2,063,304$346,539$87,258$1,702,498
81$2,184,369$274,127$789$1,775,373
82$2,314,966$195,351$0$1,854,073
83$2,455,980$109,811$0$1,954,822
84$2,608,381$17,082$0$2,063,829
85$2,773,237$0$0$2,181,749
86$2,951,720$0$0$2,320,450
87$3,145,120$0$0$2,473,222
88$3,354,855$0$0$2,638,934
89$3,582,485$0$0$2,818,822
90$3,829,724$0$0$3,014,246
91$4,098,459$0$0$3,226,702
92$4,390,765$0$0$3,457,836
93$4,708,925$0$0$3,709,460
94$5,055,453$0$0$3,983,565
95$5,433,112$0$0$4,282,344
96$5,844,946$0$0$4,608,211
97$6,294,303$0$0$4,963,823
98$6,784,869$0$0$5,352,102
99$7,320,702$0$0$5,776,268
100$7,906,269$0$0$6,239,864