Can I retire at age 64 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$67,715$67,112$66,523$65,949$65,388$64,331
2 years$33,522$32,898$32,293$31,706$31,137$30,075
3 years$22,126$21,499$20,896$20,314$19,755$18,721
4 years$16,429$15,804$15,207$14,635$14,089$13,091
5 years$13,012$12,391$11,801$11,241$10,710$9,752
6 years$10,735$10,118$9,537$8,990$8,475$7,556
7 years$9,108$8,497$7,925$7,391$6,892$6,014
8 years$7,889$7,283$6,721$6,200$5,718$4,879
9 years$6,942$6,342$5,789$5,281$4,815$4,016
10 years$6,184$5,590$5,047$4,552$4,103$3,343
11 years$5,565$4,976$4,443$3,962$3,529$2,807
12 years$5,049$4,466$3,943$3,475$3,058$2,374
13 years$4,613$4,036$3,523$3,068$2,666$2,018
14 years$4,239$3,669$3,165$2,723$2,337$1,725
15 years$3,916$3,352$2,858$2,429$2,058$1,479
16 years$3,633$3,075$2,591$2,175$1,819$1,273
17 years$3,384$2,832$2,358$1,954$1,613$1,099
18 years$3,162$2,617$2,152$1,761$1,434$950
19 years$2,965$2,425$1,970$1,591$1,278$824
20 years$2,787$2,254$1,808$1,441$1,142$715
21 years$2,626$2,099$1,663$1,308$1,022$622
22 years$2,480$1,960$1,533$1,189$916$541
23 years$2,348$1,833$1,416$1,083$822$472
24 years$2,226$1,717$1,309$988$739$412
25 years$2,114$1,611$1,212$902$665$359
26 years$2,011$1,515$1,125$825$599$314
27 years$1,916$1,425$1,044$755$540$274
28 years$1,828$1,343$971$692$487$240
29 years$1,746$1,267$903$634$440$210
30 years$1,669$1,197$841$582$398$184
31 years$1,598$1,131$784$535$359$161
32 years$1,531$1,070$732$491$325$141
33 years$1,468$1,014$683$452$294$124
34 years$1,410$961$639$416$266$108
35 years$1,354$911$597$383$241$95
36 years$1,302$865$558$352$219$83
37 years$1,253$821$523$325$198$73
38 years$1,207$781$489$299$180$64
39 years$1,163$742$459$276$163$56
40 years$1,121$706$430$255$148$49
41 years$1,082$672$403$235$134$43
42 years$1,044$640$378$217$122$38
43 years$1,008$610$355$200$110$33
44 years$974$581$333$185$100$29
45 years$942$555$313$171$91$26
46 years$911$529$294$158$83$23
47 years$882$505$276$146$75$20
48 years$853$482$259$135$68$17
49 years$826$460$244$124$62$15
50 years$801$440$229$115$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $820,000, adding $5,023 every year, while hoping to spend $26,971 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: 47/42/11 Blend
63$820,000$820,000$820,000$820,000
64$908,821$865,361$852,651$948,535
65$972,824$879,067$852,518$990,154
66$1,042,451$892,540$851,477$1,032,100
67$1,118,248$905,742$849,468$1,077,013
68$1,200,814$918,628$846,430$1,125,179
69$1,290,810$931,153$842,298$1,176,912
70$1,388,962$943,269$837,004$1,232,559
71$1,496,070$954,923$830,478$1,292,503
72$1,613,014$966,060$822,644$1,357,168
73$1,740,763$976,618$813,424$1,427,019
74$1,880,385$986,536$802,737$1,502,573
75$2,033,052$995,745$790,498$1,584,398
76$2,200,059$1,004,172$776,615$1,673,121
77$2,382,830$1,011,741$760,996$1,769,436
78$2,582,931$1,018,369$743,542$1,874,107
79$2,802,090$1,023,969$724,150$1,987,978
80$3,042,208$1,028,448$702,714$2,111,982
81$3,305,378$1,031,706$679,120$2,247,146
82$3,593,907$1,033,640$653,251$2,394,605
83$3,910,334$1,034,138$624,983$2,555,611
84$4,257,457$1,033,079$594,189$2,731,547
85$4,638,357$1,030,340$560,734$2,923,938
86$5,056,428$1,025,785$524,477$3,134,466
87$5,515,408$1,019,273$485,272$3,364,990
88$6,019,416$1,010,654$442,965$3,617,558
89$6,572,989$999,768$397,396$3,894,431
90$7,181,122$986,445$348,398$4,198,105
91$7,849,323$970,507$295,795$4,531,332
92$8,583,655$951,763$239,405$4,897,150
93$9,390,800$930,012$179,038$5,298,908
94$10,278,121$905,042$114,495$5,740,303
95$11,253,726$876,625$45,567$6,225,413
96$12,326,551$844,525$0$6,758,735
97$13,506,439$808,487$0$7,348,517
98$14,804,238$768,244$0$8,002,867
99$16,231,896$723,514$0$8,722,497
100$17,802,581$673,998$0$9,514,094