Can I retire at age 64 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$70,192$69,567$68,957$68,362$67,780$66,249
2 years$34,749$34,101$33,474$32,866$32,276$30,742
3 years$22,936$22,286$21,660$21,058$20,477$18,988
4 years$17,030$16,382$15,763$15,171$14,605$13,171
5 years$13,488$12,844$12,233$11,653$11,102$9,729
6 years$11,127$10,488$9,886$9,319$8,785$7,473
7 years$9,442$8,808$8,215$7,661$7,144$5,895
8 years$8,178$7,550$6,967$6,427$5,927$4,739
9 years$7,196$6,574$6,001$5,474$4,991$3,863
10 years$6,410$5,794$5,232$4,719$4,253$3,184
11 years$5,768$5,158$4,606$4,107$3,658$2,647
12 years$5,234$4,630$4,088$3,602$3,170$2,215
13 years$4,781$4,184$3,652$3,180$2,764$1,864
14 years$4,394$3,803$3,281$2,823$2,423$1,575
15 years$4,059$3,474$2,963$2,518$2,133$1,336
16 years$3,766$3,188$2,686$2,254$1,885$1,137
17 years$3,507$2,936$2,444$2,026$1,672$970
18 years$3,278$2,713$2,231$1,825$1,486$829
19 years$3,073$2,514$2,043$1,649$1,325$710
20 years$2,889$2,336$1,875$1,494$1,183$609
21 years$2,722$2,176$1,724$1,356$1,059$523
22 years$2,571$2,031$1,589$1,233$949$450
23 years$2,433$1,900$1,467$1,123$852$387
24 years$2,307$1,780$1,357$1,024$766$334
25 years$2,191$1,670$1,257$935$689$288
26 years$2,085$1,570$1,166$855$621$248
27 years$1,986$1,478$1,082$783$560$214
28 years$1,894$1,392$1,006$717$505$185
29 years$1,809$1,313$936$658$456$160
30 years$1,730$1,240$872$603$412$138
31 years$1,656$1,173$813$554$373$119
32 years$1,587$1,109$759$509$337$103
33 years$1,522$1,051$708$468$305$89
34 years$1,461$996$662$431$276$77
35 years$1,404$945$619$397$250$67
36 years$1,350$897$579$365$227$58
37 years$1,299$851$542$337$205$50
38 years$1,251$809$507$310$186$43
39 years$1,205$769$475$286$169$37
40 years$1,162$732$446$264$153$32
41 years$1,121$697$418$243$139$28
42 years$1,082$664$392$225$126$24
43 years$1,045$632$368$207$114$21
44 years$1,010$603$345$192$104$18
45 years$976$575$324$177$94$16
46 years$944$548$304$163$86$14
47 years$914$523$286$151$78$12
48 years$885$500$269$139$71$10
49 years$857$477$253$129$64$9
50 years$830$456$238$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $850,000, adding $3,619 every year, while hoping to spend $29,700 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: 41/50/9 Blend
63$850,000$850,000$850,000$850,000
64$940,433$895,383$882,208$976,335
65$1,004,757$907,656$880,161$1,014,094
66$1,074,646$919,535$877,051$1,051,682
67$1,150,637$930,970$872,809$1,091,690
68$1,233,320$941,905$867,366$1,134,351
69$1,323,344$952,284$860,649$1,179,920
70$1,421,424$962,045$852,579$1,228,682
71$1,528,346$971,122$843,077$1,280,948
72$1,644,974$979,444$832,058$1,337,067
73$1,772,262$986,937$819,432$1,397,420
74$1,911,258$993,522$805,108$1,462,431
75$2,063,115$999,114$788,988$1,532,567
76$2,229,104$1,003,622$770,971$1,608,347
77$2,410,625$1,006,951$750,950$1,690,343
78$2,609,216$1,008,999$728,814$1,779,185
79$2,826,573$1,009,657$704,446$1,875,574
80$3,064,564$1,008,811$677,726$1,980,280
81$3,325,246$1,006,339$648,526$2,094,158
82$3,610,881$1,002,110$616,712$2,218,151
83$3,923,966$995,988$582,146$2,353,299
84$4,267,245$987,826$544,683$2,500,755
85$4,643,744$977,470$504,170$2,661,789
86$5,056,795$964,755$460,449$2,837,806
87$5,510,069$949,508$413,354$3,030,359
88$6,007,606$931,545$362,713$3,241,161
89$6,553,862$910,670$308,343$3,472,105
90$7,153,740$886,676$250,056$3,725,281
91$7,812,643$859,346$187,656$4,002,998
92$8,536,526$828,447$120,935$4,307,805
93$9,331,945$793,734$49,680$4,642,516
94$10,206,125$754,949$0$5,010,238
95$11,167,024$711,815$0$5,416,934
96$12,223,411$664,045$0$5,869,116
97$13,384,945$611,330$0$6,366,210
98$14,662,271$553,346$0$6,912,855
99$16,067,114$489,752$0$7,514,170
100$17,612,394$420,183$0$8,175,802