Can I retire at age 64 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$67,797$67,194$66,604$66,029$65,468$63,195
2 years$33,563$32,938$32,332$31,745$31,175$28,909
3 years$22,153$21,525$20,921$20,339$19,779$17,590
4 years$16,449$15,823$15,225$14,653$14,106$12,012
5 years$13,028$12,406$11,815$11,255$10,723$8,729
6 years$10,748$10,130$9,549$9,001$8,485$6,593
7 years$9,120$8,507$7,935$7,400$6,901$5,109
8 years$7,899$7,292$6,729$6,208$5,725$4,033
9 years$6,950$6,349$5,796$5,288$4,821$3,227
10 years$6,192$5,597$5,053$4,558$4,108$2,609
11 years$5,571$4,982$4,449$3,967$3,533$2,125
12 years$5,055$4,472$3,948$3,479$3,061$1,743
13 years$4,618$4,041$3,527$3,072$2,670$1,436
14 years$4,244$3,673$3,169$2,727$2,340$1,188
15 years$3,920$3,356$2,862$2,432$2,061$986
16 years$3,637$3,079$2,594$2,177$1,821$821
17 years$3,388$2,835$2,361$1,956$1,615$684
18 years$3,166$2,620$2,155$1,763$1,436$572
19 years$2,968$2,428$1,973$1,593$1,280$479
20 years$2,790$2,256$1,811$1,443$1,143$401
21 years$2,630$2,102$1,665$1,310$1,023$336
22 years$2,484$1,962$1,535$1,191$917$282
23 years$2,350$1,835$1,417$1,084$823$237
24 years$2,229$1,719$1,311$989$740$199
25 years$2,117$1,613$1,214$903$666$168
26 years$2,014$1,516$1,126$826$600$141
27 years$1,918$1,427$1,045$756$541$119
28 years$1,830$1,345$972$693$488$100
29 years$1,748$1,269$904$635$440$84
30 years$1,671$1,198$842$583$398$71
31 years$1,600$1,133$785$535$360$60
32 years$1,533$1,072$733$492$325$50
33 years$1,470$1,015$684$452$295$42
34 years$1,411$962$639$416$267$36
35 years$1,356$912$598$383$242$30
36 years$1,304$866$559$353$219$25
37 years$1,255$822$523$325$198$21
38 years$1,208$782$490$300$180$18
39 years$1,164$743$459$276$163$15
40 years$1,122$707$430$255$148$13
41 years$1,083$673$404$235$134$11
42 years$1,045$641$379$217$122$9
43 years$1,009$611$355$200$111$8
44 years$975$582$333$185$100$6
45 years$943$555$313$171$91$5
46 years$912$530$294$158$83$5
47 years$883$505$276$146$75$4
48 years$854$482$260$135$68$3
49 years$827$461$244$125$62$3
50 years$802$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $821,000, adding $2,814 every year, while hoping to spend $29,791 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: 74/20/6 Blend
63$821,000$821,000$821,000$821,000
64$907,645$864,132$851,406$974,003
65$968,527$874,777$848,231$1,028,708
66$1,034,621$884,945$843,951$1,084,561
67$1,106,426$894,581$838,497$1,144,891
68$1,184,494$903,628$831,799$1,210,129
69$1,269,428$912,022$823,780$1,280,750
70$1,361,896$919,696$814,362$1,357,280
71$1,462,629$926,581$803,463$1,440,297
72$1,572,434$932,601$790,996$1,530,435
73$1,692,199$937,675$776,871$1,628,398
74$1,822,900$941,718$760,993$1,734,957
75$1,965,612$944,639$743,263$1,850,965
76$2,121,520$946,341$723,578$1,977,361
77$2,291,926$946,723$701,829$2,115,177
78$2,478,265$945,675$677,903$2,265,556
79$2,682,116$943,081$651,680$2,429,752
80$2,905,219$938,818$623,038$2,609,152
81$3,149,488$932,757$591,847$2,805,282
82$3,417,032$924,759$557,970$3,019,823
83$3,710,174$914,677$521,268$3,254,632
84$4,031,472$902,357$481,590$3,511,751
85$4,383,743$887,632$438,784$3,793,434
86$4,770,088$870,330$392,687$4,102,164
87$5,193,926$850,265$343,130$4,440,680
88$5,659,019$827,241$289,938$4,811,998
89$6,169,515$801,051$232,927$5,219,445
90$6,729,979$771,477$171,903$5,666,687
91$7,345,443$738,285$106,668$6,157,765
92$8,021,447$701,230$37,011$6,697,135
93$8,764,097$660,053$0$7,289,707
94$9,580,119$614,479$0$7,943,282
95$10,476,919$564,217$0$8,664,123
96$11,462,662$508,961$0$9,456,448
97$12,546,340$448,385$0$10,327,522
98$13,737,858$382,148$0$11,285,353
99$15,048,133$309,887$0$12,338,766
100$16,489,190$231,218$0$13,497,487