Can I retire at age 64 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$67,632$67,030$66,442$65,868$65,308$64,200
2 years$33,481$32,858$32,253$31,667$31,099$29,986
3 years$22,099$21,473$20,870$20,290$19,731$18,647
4 years$16,409$15,785$15,188$14,618$14,072$13,027
5 years$12,996$12,376$11,787$11,228$10,697$9,693
6 years$10,721$10,106$9,525$8,979$8,464$7,503
7 years$9,097$8,487$7,916$7,382$6,884$5,965
8 years$7,880$7,275$6,713$6,193$5,711$4,834
9 years$6,933$6,334$5,782$5,275$4,809$3,974
10 years$6,177$5,583$5,041$4,547$4,098$3,304
11 years$5,558$4,970$4,438$3,957$3,524$2,771
12 years$5,043$4,461$3,938$3,471$3,054$2,340
13 years$4,607$4,031$3,519$3,064$2,663$1,987
14 years$4,234$3,664$3,162$2,720$2,335$1,696
15 years$3,911$3,348$2,855$2,426$2,055$1,452
16 years$3,628$3,071$2,588$2,172$1,817$1,248
17 years$3,380$2,829$2,355$1,952$1,611$1,076
18 years$3,159$2,614$2,150$1,759$1,432$929
19 years$2,961$2,422$1,968$1,589$1,277$804
20 years$2,784$2,251$1,806$1,439$1,140$697
21 years$2,623$2,097$1,661$1,306$1,020$605
22 years$2,477$1,957$1,531$1,188$915$526
23 years$2,345$1,831$1,414$1,082$821$458
24 years$2,223$1,715$1,308$987$738$399
25 years$2,112$1,610$1,211$901$664$348
26 years$2,009$1,513$1,123$824$598$303
27 years$1,914$1,424$1,043$754$539$265
28 years$1,825$1,341$970$691$487$231
29 years$1,743$1,266$902$634$439$202
30 years$1,667$1,195$840$581$397$176
31 years$1,596$1,130$783$534$359$154
32 years$1,529$1,069$731$491$325$135
33 years$1,467$1,012$683$451$294$118
34 years$1,408$960$638$415$266$103
35 years$1,353$910$596$382$241$90
36 years$1,301$864$558$352$218$79
37 years$1,252$820$522$324$198$69
38 years$1,205$780$489$299$179$61
39 years$1,161$741$458$276$163$53
40 years$1,120$705$429$254$148$47
41 years$1,080$671$403$235$134$41
42 years$1,043$639$378$216$121$36
43 years$1,007$609$354$200$110$31
44 years$973$581$333$185$100$27
45 years$941$554$312$170$91$24
46 years$910$528$293$157$82$21
47 years$880$504$276$145$75$18
48 years$852$481$259$134$68$16
49 years$825$460$243$124$62$14
50 years$800$439$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $819,000, adding $3,040 every year, while hoping to spend $57,448 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: 63/28/9 Blend
63$819,000$819,000$819,000$819,000
64$905,674$862,267$849,572$960,807
65$936,928$843,394$816,909$979,129
66$969,445$821,670$781,226$992,160
67$1,003,293$796,896$742,361$1,004,929
68$1,038,545$768,860$700,146$1,017,407
69$1,075,279$737,337$654,403$1,029,567
70$1,113,580$702,089$604,948$1,041,382
71$1,153,539$662,866$551,588$1,052,822
72$1,195,256$619,401$494,122$1,063,861
73$1,238,835$571,415$432,338$1,074,468
74$1,284,391$518,610$366,017$1,084,617
75$1,332,049$460,671$294,928$1,094,280
76$1,381,942$397,269$218,833$1,103,431
77$1,434,217$328,051$137,480$1,112,045
78$1,489,030$252,648$50,608$1,120,098
79$1,546,552$170,669$0$1,127,569
80$1,606,969$81,701$0$1,138,482
81$1,670,483$0$0$1,154,227
82$1,737,312$0$0$1,174,484
83$1,807,696$0$0$1,222,352
84$1,881,895$0$0$1,272,836
85$1,960,191$0$0$1,326,132
86$2,042,892$0$0$1,382,454
87$2,130,337$0$0$1,442,034
88$2,222,891$0$0$1,505,126
89$2,320,957$0$0$1,572,008
90$2,424,972$0$0$1,642,982
91$2,535,416$0$0$1,718,381
92$2,652,813$0$0$1,798,567
93$2,777,736$0$0$1,883,936
94$2,910,812$0$0$1,974,923
95$3,052,730$0$0$2,072,003
96$3,204,241$0$0$2,175,699
97$3,366,171$0$0$2,286,580
98$3,539,423$0$0$2,405,274
99$3,724,988$0$0$2,532,467
100$3,923,955$0$0$2,668,911