Can I retire at age 64 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$67,963$67,357$66,767$66,190$65,627$63,450
2 years$33,645$33,018$32,411$31,822$31,251$29,079
3 years$22,207$21,578$20,972$20,389$19,827$17,728
4 years$16,489$15,862$15,262$14,689$14,141$12,131
5 years$13,060$12,436$11,844$11,283$10,750$8,834
6 years$10,774$10,155$9,572$9,023$8,506$6,686
7 years$9,142$8,528$7,954$7,418$6,917$5,194
8 years$7,918$7,310$6,746$6,223$5,739$4,109
9 years$6,967$6,365$5,810$5,300$4,833$3,296
10 years$6,207$5,610$5,065$4,569$4,118$2,671
11 years$5,585$4,994$4,460$3,976$3,541$2,182
12 years$5,067$4,483$3,958$3,488$3,069$1,794
13 years$4,629$4,051$3,536$3,079$2,676$1,482
14 years$4,255$3,682$3,177$2,733$2,346$1,230
15 years$3,930$3,364$2,868$2,438$2,066$1,024
16 years$3,646$3,086$2,601$2,183$1,826$854
17 years$3,396$2,842$2,367$1,961$1,619$715
18 years$3,174$2,626$2,160$1,767$1,439$599
19 years$2,976$2,434$1,978$1,597$1,283$503
20 years$2,797$2,262$1,815$1,446$1,146$422
21 years$2,636$2,107$1,669$1,313$1,025$355
22 years$2,490$1,967$1,539$1,194$919$299
23 years$2,356$1,839$1,421$1,087$825$252
24 years$2,234$1,723$1,314$991$742$213
25 years$2,122$1,617$1,217$905$667$179
26 years$2,018$1,520$1,129$828$601$151
27 years$1,923$1,431$1,048$758$542$128
28 years$1,834$1,348$974$694$489$108
29 years$1,752$1,272$907$637$442$91
30 years$1,675$1,201$845$584$399$77
31 years$1,604$1,135$787$537$361$65
32 years$1,537$1,074$735$493$326$55
33 years$1,474$1,017$686$454$295$47
34 years$1,415$964$641$417$267$39
35 years$1,359$915$599$384$242$33
36 years$1,307$868$560$354$219$28
37 years$1,258$824$525$326$199$24
38 years$1,211$783$491$300$180$20
39 years$1,167$745$460$277$163$17
40 years$1,125$709$431$256$148$14
41 years$1,085$675$405$236$135$12
42 years$1,048$643$379$218$122$10
43 years$1,012$612$356$201$111$9
44 years$978$584$334$185$101$7
45 years$945$557$314$171$91$6
46 years$914$531$295$158$83$5
47 years$885$507$277$146$75$4
48 years$856$484$260$135$68$4
49 years$829$462$245$125$62$3
50 years$804$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $823,000, adding $3,337 every year, while hoping to spend $53,395 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: 74/12/14 Blend
63$823,000$823,000$823,000$823,000
64$910,388$866,769$854,013$974,783
65$946,436$852,429$825,810$1,003,478
66$984,371$835,597$794,873$1,027,973
67$1,024,329$816,093$761,054$1,053,368
68$1,066,459$793,730$724,198$1,079,741
69$1,110,923$768,308$684,143$1,107,173
70$1,157,895$739,613$640,720$1,135,758
71$1,207,569$707,423$593,753$1,165,598
72$1,260,155$671,500$543,057$1,196,808
73$1,315,880$631,593$488,439$1,229,516
74$1,374,996$587,437$429,698$1,263,864
75$1,437,776$538,752$366,624$1,300,009
76$1,504,519$485,241$298,996$1,338,125
77$1,575,553$426,591$226,585$1,378,409
78$1,651,236$362,470$149,152$1,421,075
79$1,731,960$292,530$66,447$1,466,364
80$1,818,156$216,399$0$1,514,542
81$1,910,294$133,689$0$1,569,163
82$2,008,891$43,986$0$1,638,103
83$2,114,512$0$0$1,711,830
84$2,227,779$0$0$1,797,812
85$2,349,374$0$0$1,896,375
86$2,480,044$0$0$2,002,320
87$2,620,609$0$0$2,116,315
88$2,771,972$0$0$2,239,094
89$2,935,121$0$0$2,371,466
90$3,111,145$0$0$2,514,314
91$3,301,237$0$0$2,668,614
92$3,506,711$0$0$2,835,434
93$3,729,008$0$0$3,015,950
94$3,969,715$0$0$3,211,455
95$4,230,575$0$0$3,423,369
96$4,513,505$0$0$3,653,256
97$4,820,614$0$0$3,902,833
98$5,154,219$0$0$4,173,991
99$5,516,873$0$0$4,468,808
100$5,911,380$0$0$4,789,573