Can I retire at age 64 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,880$67,275$66,685$66,110$65,547$64,944
2 years$33,604$32,978$32,372$31,783$31,213$30,605
3 years$22,180$21,552$20,947$20,364$19,803$19,209
4 years$16,469$15,843$15,244$14,671$14,124$13,549
5 years$13,044$12,421$11,830$11,269$10,737$10,182
6 years$10,761$10,143$9,560$9,012$8,495$7,962
7 years$9,131$8,518$7,945$7,409$6,909$6,398
8 years$7,909$7,301$6,738$6,215$5,732$5,242
9 years$6,959$6,357$5,803$5,294$4,827$4,358
10 years$6,199$5,603$5,059$4,564$4,113$3,665
11 years$5,578$4,988$4,454$3,972$3,537$3,110
12 years$5,061$4,477$3,953$3,484$3,065$2,659
13 years$4,624$4,046$3,532$3,076$2,673$2,286
14 years$4,249$3,678$3,173$2,730$2,343$1,975
15 years$3,925$3,360$2,865$2,435$2,063$1,714
16 years$3,642$3,083$2,598$2,180$1,823$1,493
17 years$3,392$2,839$2,364$1,959$1,617$1,304
18 years$3,170$2,623$2,158$1,765$1,437$1,142
19 years$2,972$2,431$1,975$1,595$1,281$1,002
20 years$2,794$2,259$1,813$1,445$1,144$881
21 years$2,633$2,104$1,667$1,311$1,024$776
22 years$2,487$1,964$1,537$1,192$918$684
23 years$2,353$1,837$1,419$1,086$824$604
24 years$2,231$1,721$1,312$990$741$534
25 years$2,119$1,615$1,215$904$666$472
26 years$2,016$1,518$1,127$827$600$418
27 years$1,921$1,429$1,047$757$541$371
28 years$1,832$1,346$973$693$488$329
29 years$1,750$1,270$906$636$441$292
30 years$1,673$1,200$843$584$398$259
31 years$1,602$1,134$786$536$360$230
32 years$1,535$1,073$734$493$326$204
33 years$1,472$1,016$685$453$295$182
34 years$1,413$963$640$417$267$161
35 years$1,358$913$598$384$242$144
36 years$1,306$867$560$353$219$128
37 years$1,256$823$524$326$199$114
38 years$1,210$783$491$300$180$101
39 years$1,166$744$460$277$163$90
40 years$1,124$708$431$255$148$80
41 years$1,084$674$404$235$134$71
42 years$1,047$642$379$217$122$63
43 years$1,011$612$356$201$111$57
44 years$977$583$334$185$100$50
45 years$944$556$313$171$91$45
46 years$913$530$294$158$83$40
47 years$884$506$277$146$75$36
48 years$855$483$260$135$68$32
49 years$828$461$244$125$62$28
50 years$803$441$230$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $822,000, adding $4,235 every year, while hoping to spend $36,068 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: 88/7/5 Blend
63$822,000$822,000$822,000$822,000
64$910,212$866,646$853,905$990,037
65$964,678$870,736$844,135$1,046,706
66$1,023,490$873,817$832,829$1,103,496
67$1,087,054$875,802$819,897$1,164,734
68$1,155,816$876,599$805,245$1,230,839
69$1,230,264$876,107$788,776$1,302,275
70$1,310,938$874,223$770,387$1,379,550
71$1,398,429$870,835$749,970$1,463,226
72$1,493,388$865,825$727,413$1,553,917
73$1,596,530$859,068$702,598$1,652,305
74$1,708,644$850,430$675,403$1,759,136
75$1,830,596$839,771$645,699$1,875,233
76$1,963,338$826,941$613,351$2,001,504
77$2,107,919$811,782$578,219$2,138,946
78$2,265,494$794,126$540,157$2,288,659
79$2,437,332$773,796$499,010$2,451,854
80$2,624,832$750,604$454,619$2,629,863
81$2,829,532$724,351$406,816$2,824,158
82$3,053,126$694,825$355,425$3,036,355
83$3,297,478$661,805$300,265$3,268,237
84$3,564,641$625,054$241,145$3,521,768
85$3,856,876$584,324$177,865$3,799,112
86$4,176,671$539,349$110,217$4,102,651
87$4,526,767$489,853$37,985$4,435,013
88$4,910,181$435,539$0$4,799,090
89$5,330,236$376,097$0$5,200,155
90$5,790,592$311,198$0$5,641,935
91$6,295,279$240,494$0$6,126,282
92$6,848,737$163,617$0$6,657,475
93$7,455,855$80,181$0$7,240,228
94$8,122,019$0$0$7,879,732
95$8,853,159$0$0$8,582,497
96$9,655,811$0$0$9,360,784
97$10,537,171$0$0$10,215,396
98$11,505,169$0$0$11,154,023
99$12,568,538$0$0$12,185,135
100$13,736,902$0$0$13,318,062