Can I retire at age 64 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$66,972$66,375$65,793$65,225$64,670$63,313
2 years$33,154$32,537$31,938$31,358$30,795$29,434
3 years$21,883$21,263$20,666$20,091$19,538$18,215
4 years$16,249$15,631$15,040$14,475$13,935$12,661
5 years$12,869$12,255$11,671$11,118$10,593$9,372
6 years$10,617$10,007$9,432$8,891$8,382$7,214
7 years$9,008$8,404$7,838$7,310$6,817$5,703
8 years$7,803$7,204$6,647$6,132$5,655$4,595
9 years$6,866$6,272$5,725$5,223$4,762$3,756
10 years$6,116$5,528$4,992$4,502$4,058$3,103
11 years$5,504$4,922$4,395$3,918$3,490$2,586
12 years$4,993$4,417$3,900$3,437$3,024$2,170
13 years$4,562$3,992$3,484$3,034$2,637$1,831
14 years$4,193$3,629$3,131$2,694$2,312$1,551
15 years$3,873$3,315$2,827$2,402$2,035$1,320
16 years$3,593$3,041$2,563$2,151$1,799$1,126
17 years$3,347$2,801$2,332$1,933$1,595$964
18 years$3,128$2,588$2,129$1,742$1,418$826
19 years$2,932$2,399$1,949$1,574$1,264$710
20 years$2,756$2,229$1,789$1,425$1,129$611
21 years$2,597$2,076$1,645$1,294$1,010$526
22 years$2,453$1,938$1,516$1,176$906$454
23 years$2,322$1,813$1,400$1,071$813$392
24 years$2,201$1,698$1,295$977$731$339
25 years$2,091$1,594$1,199$892$658$293
26 years$1,989$1,498$1,112$816$592$253
27 years$1,895$1,410$1,033$747$534$219
28 years$1,808$1,328$960$684$482$190
29 years$1,726$1,253$893$627$435$165
30 years$1,651$1,183$832$576$393$143
31 years$1,580$1,119$776$529$355$124
32 years$1,514$1,059$724$486$322$107
33 years$1,452$1,003$676$447$291$93
34 years$1,394$950$632$411$263$81
35 years$1,340$901$590$379$239$70
36 years$1,288$855$552$349$216$61
37 years$1,239$812$517$321$196$53
38 years$1,193$772$484$296$178$46
39 years$1,150$734$454$273$161$40
40 years$1,109$698$425$252$146$35
41 years$1,070$665$399$232$133$30
42 years$1,033$633$374$214$120$26
43 years$997$603$351$198$109$23
44 years$964$575$329$183$99$20
45 years$932$548$309$169$90$17
46 years$901$523$290$156$82$15
47 years$872$499$273$144$74$13
48 years$844$477$256$133$67$11
49 years$817$455$241$123$61$10
50 years$792$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $811,000, adding $4,368 every year, while hoping to spend $27,322 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: 80/6/14 Blend
63$811,000$811,000$811,000$811,000
64$898,228$855,245$842,674$967,231
65$960,776$868,081$841,833$1,026,056
66$1,028,789$880,631$840,049$1,086,630
67$1,102,795$892,851$837,260$1,152,323
68$1,183,375$904,696$833,403$1,223,637
69$1,271,170$916,116$828,412$1,301,123
70$1,366,882$927,059$822,217$1,385,388
71$1,471,288$937,469$814,745$1,477,102
72$1,585,241$947,286$805,920$1,577,002
73$1,709,679$956,446$795,662$1,685,900
74$1,845,636$964,882$783,886$1,804,692
75$1,994,250$972,520$770,505$1,934,362
76$2,156,773$979,284$755,428$2,075,999
77$2,334,587$985,091$738,557$2,230,799
78$2,529,208$989,855$719,792$2,400,080
79$2,742,311$993,481$699,029$2,585,298
80$2,975,737$995,871$676,156$2,788,053
81$3,231,513$996,921$651,059$3,010,111
82$3,511,875$996,517$623,617$3,253,416
83$3,819,283$994,543$593,704$3,520,112
84$4,156,445$990,871$561,189$3,812,562
85$4,526,348$985,369$525,934$4,133,368
86$4,932,277$977,894$487,795$4,485,399
87$5,377,856$968,297$446,622$4,871,816
88$5,867,071$956,418$402,258$5,296,103
89$6,404,318$942,088$354,539$5,762,100
90$6,994,436$925,128$303,294$6,274,038
91$7,642,758$905,349$248,344$6,836,581
92$8,355,158$882,549$189,502$7,454,867
93$9,138,107$856,517$126,573$8,134,560
94$9,998,735$827,027$59,354$8,881,902
95$10,944,895$793,841$0$9,703,772
96$11,985,242$756,707$0$10,609,600
97$13,129,310$715,359$0$11,615,475
98$14,387,602$669,514$0$12,721,763
99$15,771,692$618,874$0$13,938,647
100$17,294,330$563,125$0$15,277,350