Can I retire at age 64 with 851,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$70,275$69,649$69,038$68,442$67,860$67,012
2 years$34,789$34,142$33,514$32,905$32,314$31,461
3 years$22,963$22,312$21,686$21,082$20,501$19,669
4 years$17,050$16,402$15,782$15,189$14,622$13,817
5 years$13,504$12,859$12,247$11,666$11,115$10,341
6 years$11,140$10,500$9,897$9,330$8,795$8,052
7 years$9,453$8,818$8,225$7,670$7,153$6,441
8 years$8,188$7,559$6,975$6,435$5,934$5,253
9 years$7,204$6,581$6,008$5,481$4,997$4,347
10 years$6,418$5,801$5,238$4,725$4,258$3,638
11 years$5,775$5,164$4,611$4,112$3,662$3,072
12 years$5,240$4,635$4,092$3,607$3,173$2,613
13 years$4,787$4,189$3,656$3,184$2,767$2,235
14 years$4,399$3,808$3,285$2,826$2,426$1,921
15 years$4,064$3,478$2,966$2,521$2,136$1,658
16 years$3,770$3,191$2,689$2,257$1,888$1,436
17 years$3,512$2,939$2,447$2,028$1,674$1,247
18 years$3,282$2,716$2,234$1,828$1,488$1,086
19 years$3,077$2,517$2,045$1,651$1,326$947
20 years$2,892$2,339$1,877$1,496$1,185$828
21 years$2,726$2,179$1,726$1,357$1,060$725
22 years$2,574$2,034$1,591$1,234$950$635
23 years$2,436$1,902$1,469$1,124$853$557
24 years$2,310$1,782$1,359$1,025$767$490
25 years$2,194$1,672$1,258$936$690$431
26 years$2,087$1,572$1,167$856$622$379
27 years$1,988$1,479$1,084$784$560$334
28 years$1,897$1,394$1,007$718$506$294
29 years$1,812$1,315$938$658$457$259
30 years$1,732$1,242$873$604$413$229
31 years$1,658$1,174$814$555$373$202
32 years$1,589$1,111$760$510$337$178
33 years$1,524$1,052$709$469$305$157
34 years$1,463$997$663$431$276$139
35 years$1,406$946$620$397$250$123
36 years$1,352$898$580$366$227$108
37 years$1,301$852$542$337$206$96
38 years$1,252$810$508$311$186$85
39 years$1,207$770$476$286$169$75
40 years$1,163$733$446$264$153$66
41 years$1,122$698$418$244$139$58
42 years$1,083$664$392$225$126$52
43 years$1,046$633$368$208$115$46
44 years$1,011$603$346$192$104$40
45 years$977$575$325$177$94$36
46 years$945$549$305$164$86$32
47 years$915$524$286$151$78$28
48 years$886$500$269$140$71$25
49 years$858$478$253$129$64$22
50 years$831$456$238$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $851,000, adding $6,281 every year, while hoping to spend $51,504 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: 66/22/12 Blend
63$851,000$851,000$851,000$851,000
64$944,281$899,178$885,987$1,003,655
65$985,798$888,438$860,868$1,033,289
66$1,029,823$875,445$833,181$1,059,019
67$1,076,558$860,035$802,786$1,085,831
68$1,126,224$842,034$769,536$1,113,827
69$1,179,061$821,256$733,278$1,143,120
70$1,235,333$797,505$693,851$1,173,837
71$1,295,329$770,575$651,087$1,206,121
72$1,359,366$740,246$604,811$1,240,128
73$1,427,790$706,287$554,841$1,276,036
74$1,500,980$668,451$500,984$1,314,039
75$1,579,354$626,479$443,041$1,354,357
76$1,663,368$580,096$380,803$1,397,233
77$1,753,524$529,013$314,052$1,442,937
78$1,850,371$472,923$242,560$1,491,770
79$1,954,513$411,500$166,090$1,544,068
80$2,066,613$344,403$84,394$1,600,203
81$2,187,398$271,269$0$1,660,588
82$2,317,669$191,717$0$1,726,041
83$2,458,302$105,342$0$1,808,270
84$2,610,263$11,718$0$1,897,061
85$2,774,612$0$0$1,993,082
86$2,952,515$0$0$2,118,762
87$3,145,253$0$0$2,258,042
88$3,354,235$0$0$2,409,108
89$3,581,011$0$0$2,573,086
90$3,827,284$0$0$2,751,214
91$4,094,929$0$0$2,944,856
92$4,386,007$0$0$3,155,508
93$4,702,788$0$0$3,384,822
94$5,047,766$0$0$3,634,610
95$5,423,689$0$0$3,906,869
96$5,833,579$0$0$4,203,796
97$6,280,763$0$0$4,527,811
98$6,768,903$0$0$4,881,575
99$7,302,029$0$0$5,268,019
100$7,884,580$0$0$5,690,368