Can I retire at age 64 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$67,137$66,539$65,955$65,386$64,830$63,211
2 years$33,236$32,617$32,017$31,435$30,871$29,251
3 years$21,937$21,316$20,717$20,141$19,586$18,014
4 years$16,289$15,669$15,077$14,510$13,969$12,458
5 years$12,901$12,285$11,700$11,145$10,619$9,173
6 years$10,643$10,032$9,456$8,913$8,402$7,023
7 years$9,031$8,424$7,858$7,328$6,833$5,521
8 years$7,822$7,221$6,664$6,147$5,669$4,423
9 years$6,883$6,287$5,740$5,236$4,774$3,593
10 years$6,131$5,542$5,004$4,514$4,068$2,950
11 years$5,517$4,934$4,405$3,928$3,498$2,443
12 years$5,006$4,428$3,910$3,446$3,032$2,036
13 years$4,573$4,002$3,493$3,042$2,644$1,707
14 years$4,203$3,638$3,138$2,700$2,317$1,437
15 years$3,882$3,323$2,834$2,408$2,040$1,214
16 years$3,602$3,049$2,569$2,156$1,803$1,028
17 years$3,355$2,808$2,338$1,937$1,599$873
18 years$3,135$2,595$2,134$1,746$1,422$743
19 years$2,939$2,405$1,954$1,578$1,267$634
20 years$2,763$2,234$1,793$1,429$1,132$541
21 years$2,604$2,081$1,649$1,297$1,013$463
22 years$2,459$1,943$1,520$1,179$908$396
23 years$2,328$1,817$1,403$1,074$815$339
24 years$2,207$1,703$1,298$979$733$291
25 years$2,096$1,598$1,202$894$659$250
26 years$1,994$1,502$1,115$818$594$214
27 years$1,900$1,413$1,035$749$535$184
28 years$1,812$1,332$962$686$483$158
29 years$1,731$1,256$896$629$436$136
30 years$1,655$1,186$834$577$394$117
31 years$1,584$1,122$778$530$356$100
32 years$1,518$1,061$726$487$322$86
33 years$1,456$1,005$678$448$292$74
34 years$1,398$952$633$412$264$64
35 years$1,343$903$592$379$239$55
36 years$1,291$857$554$349$217$47
37 years$1,242$814$518$322$196$41
38 years$1,196$774$485$297$178$35
39 years$1,153$736$455$274$161$30
40 years$1,111$700$426$252$146$26
41 years$1,072$667$400$233$133$22
42 years$1,035$635$375$215$121$19
43 years$1,000$605$352$198$109$17
44 years$966$577$330$183$99$14
45 years$934$550$310$169$90$12
46 years$903$524$291$156$82$11
47 years$874$500$274$144$74$9
48 years$846$478$257$133$68$8
49 years$819$456$242$123$61$7
50 years$794$436$227$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $813,000, adding $5,545 every year, while hoping to spend $32,620 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: 70/25/5 Blend
63$813,000$813,000$813,000$813,000
64$901,646$858,557$845,955$963,913
65$958,906$865,919$839,587$1,013,134
66$1,020,914$872,548$831,913$1,062,402
67$1,088,119$878,374$822,853$1,115,400
68$1,161,015$883,323$812,327$1,172,486
69$1,240,147$887,314$800,249$1,234,053
70$1,326,113$890,263$786,528$1,300,537
71$1,419,570$892,080$771,070$1,372,417
72$1,521,244$892,669$753,779$1,450,221
73$1,631,929$891,929$734,549$1,534,532
74$1,752,504$889,751$713,274$1,625,992
75$1,883,932$886,021$689,841$1,725,310
76$2,027,274$880,618$664,132$1,833,266
77$2,183,700$873,412$636,024$1,950,722
78$2,354,495$864,267$605,389$2,078,627
79$2,541,075$853,037$572,091$2,218,028
80$2,744,998$839,570$535,989$2,370,081
81$2,967,980$823,701$496,938$2,536,059
82$3,211,911$805,260$454,782$2,717,366
83$3,478,871$784,062$409,362$2,915,551
84$3,771,150$759,915$360,510$3,132,321
85$4,091,270$732,614$308,050$3,369,559
86$4,442,010$701,943$251,800$3,629,343
87$4,826,429$667,671$191,569$3,913,962
88$5,247,895$629,558$127,157$4,225,942
89$5,710,120$587,345$58,356$4,568,067
90$6,217,190$540,763$0$4,943,408
91$6,773,607$489,524$0$5,356,154
92$7,384,330$433,326$0$5,812,610
93$8,054,821$371,849$0$6,313,790
94$8,791,097$304,753$0$6,864,245
95$9,599,786$231,683$0$7,468,995
96$10,488,188$152,260$0$8,133,573
97$11,464,348$66,086$0$8,864,080
98$12,537,128$0$0$9,667,241
99$13,716,288$0$0$10,557,970
100$15,012,584$0$0$11,557,215