Can I retire at age 64 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$70,357$69,731$69,119$68,522$67,940$66,324
2 years$34,830$34,182$33,553$32,943$32,352$30,734
3 years$22,990$22,338$21,711$21,107$20,526$18,955
4 years$17,070$16,421$15,800$15,207$14,639$13,129
5 years$13,520$12,874$12,262$11,680$11,128$9,682
6 years$11,153$10,513$9,909$9,341$8,805$7,425
7 years$9,464$8,829$8,235$7,679$7,161$5,847
8 years$8,197$7,568$6,984$6,442$5,941$4,692
9 years$7,213$6,589$6,015$5,487$5,003$3,818
10 years$6,425$5,808$5,244$4,730$4,263$3,141
11 years$5,782$5,170$4,617$4,117$3,666$2,606
12 years$5,246$4,641$4,097$3,611$3,177$2,177
13 years$4,793$4,194$3,661$3,188$2,770$1,828
14 years$4,405$3,812$3,289$2,830$2,429$1,542
15 years$4,068$3,482$2,970$2,524$2,138$1,305
16 years$3,775$3,195$2,692$2,260$1,890$1,108
17 years$3,516$2,943$2,450$2,030$1,676$943
18 years$3,286$2,719$2,236$1,830$1,490$805
19 years$3,080$2,520$2,047$1,653$1,328$688
20 years$2,896$2,342$1,879$1,497$1,186$589
21 years$2,729$2,181$1,728$1,359$1,062$505
22 years$2,577$2,036$1,593$1,236$951$433
23 years$2,439$1,904$1,471$1,125$854$372
24 years$2,313$1,784$1,360$1,026$768$319
25 years$2,197$1,674$1,260$937$691$275
26 years$2,090$1,574$1,168$857$622$236
27 years$1,991$1,481$1,085$784$561$203
28 years$1,899$1,396$1,009$719$506$175
29 years$1,814$1,317$939$659$457$151
30 years$1,734$1,243$874$605$413$130
31 years$1,660$1,175$815$556$373$112
32 years$1,591$1,112$760$511$338$97
33 years$1,526$1,053$710$469$306$83
34 years$1,465$998$663$432$277$72
35 years$1,407$947$620$398$251$62
36 years$1,353$899$580$366$227$54
37 years$1,302$853$543$337$206$46
38 years$1,254$811$509$311$187$40
39 years$1,208$771$476$287$169$34
40 years$1,165$734$447$265$154$30
41 years$1,124$699$419$244$139$26
42 years$1,085$665$393$225$126$22
43 years$1,048$634$369$208$115$19
44 years$1,012$604$346$192$104$17
45 years$979$576$325$177$95$14
46 years$947$550$305$164$86$12
47 years$916$525$287$151$78$11
48 years$887$501$269$140$71$9
49 years$859$478$253$129$64$8
50 years$832$457$238$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $852,000, adding $6,090 every year, while hoping to spend $42,597 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: 73/14/13 Blend
63$852,000$852,000$852,000$852,000
64$945,186$900,030$886,824$1,011,154
65$996,272$898,808$871,210$1,054,394
66$1,051,141$896,099$853,645$1,095,899
67$1,110,134$891,785$834,018$1,140,212
68$1,173,626$885,740$812,216$1,187,602
69$1,242,027$877,833$788,116$1,238,362
70$1,315,788$867,921$761,592$1,292,820
71$1,395,406$855,857$732,513$1,351,333
72$1,481,425$841,482$700,740$1,414,300
73$1,574,444$824,628$666,129$1,482,157
74$1,675,122$805,119$628,529$1,555,388
75$1,784,181$782,767$587,782$1,634,526
76$1,902,418$757,373$543,722$1,720,161
77$2,030,707$728,726$496,179$1,812,941
78$2,170,010$696,604$444,972$1,913,585
79$2,321,385$660,772$389,912$2,022,883
80$2,485,996$620,980$330,805$2,141,710
81$2,665,124$576,965$267,443$2,271,029
82$2,860,179$528,448$199,615$2,411,905
83$3,072,710$475,135$127,095$2,565,512
84$3,304,424$416,714$49,650$2,733,146
85$3,557,200$352,858$0$2,916,237
86$3,833,104$283,217$0$3,120,940
87$4,134,412$207,426$0$3,352,067
88$4,463,629$125,097$0$3,604,680
89$4,823,512$35,820$0$3,880,939
90$5,217,098$0$0$4,183,222
91$5,647,730$0$0$4,523,524
92$6,119,089$0$0$4,902,088
93$6,635,228$0$0$5,316,656
94$7,200,611$0$0$5,770,819
95$7,820,154$0$0$6,268,530
96$8,499,270$0$0$6,814,144
97$9,243,922$0$0$7,412,456
98$10,060,677$0$0$8,068,749
99$10,956,767$0$0$8,788,842
100$11,940,161$0$0$9,579,141