Can I retire at age 64 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$68,045$67,439$66,848$66,271$65,707$65,403
2 years$33,686$33,058$32,450$31,861$31,289$30,982
3 years$22,234$21,604$20,998$20,414$19,851$19,550
4 years$16,509$15,881$15,281$14,707$14,158$13,866
5 years$13,075$12,451$11,859$11,296$10,763$10,481
6 years$10,787$10,167$9,583$9,034$8,516$8,245
7 years$9,153$8,538$7,964$7,427$6,926$6,665
8 years$7,928$7,319$6,754$6,230$5,746$5,495
9 years$6,976$6,373$5,817$5,307$4,839$4,598
10 years$6,214$5,617$5,072$4,575$4,123$3,892
11 years$5,592$5,001$4,465$3,981$3,546$3,325
12 years$5,073$4,488$3,963$3,492$3,073$2,862
13 years$4,635$4,056$3,540$3,083$2,679$2,479
14 years$4,260$3,687$3,181$2,737$2,349$2,157
15 years$3,935$3,368$2,872$2,441$2,068$1,886
16 years$3,651$3,090$2,604$2,185$1,828$1,654
17 years$3,400$2,846$2,369$1,964$1,621$1,456
18 years$3,178$2,630$2,163$1,770$1,441$1,285
19 years$2,979$2,437$1,980$1,599$1,284$1,136
20 years$2,801$2,265$1,817$1,448$1,147$1,007
21 years$2,639$2,110$1,671$1,314$1,027$894
22 years$2,493$1,969$1,541$1,195$920$795
23 years$2,359$1,842$1,422$1,088$826$708
24 years$2,237$1,726$1,315$993$742$631
25 years$2,124$1,619$1,218$906$668$563
26 years$2,021$1,522$1,130$829$602$503
27 years$1,925$1,432$1,049$759$543$449
28 years$1,837$1,350$975$695$490$402
29 years$1,754$1,273$908$637$442$360
30 years$1,677$1,202$846$585$399$322
31 years$1,606$1,137$788$537$361$289
32 years$1,539$1,076$735$494$327$259
33 years$1,476$1,019$687$454$296$232
34 years$1,417$965$642$418$268$208
35 years$1,361$916$600$385$242$187
36 years$1,309$869$561$354$220$168
37 years$1,259$825$525$326$199$151
38 years$1,213$784$492$301$180$135
39 years$1,168$746$461$277$164$122
40 years$1,127$710$432$256$148$109
41 years$1,087$676$405$236$135$98
42 years$1,049$643$380$218$122$88
43 years$1,013$613$357$201$111$79
44 years$979$584$335$186$101$71
45 years$946$557$314$171$91$64
46 years$915$532$295$158$83$58
47 years$886$507$277$146$75$52
48 years$857$484$261$135$68$47
49 years$830$462$245$125$62$42
50 years$805$442$230$116$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $824,000, adding $3,314 every year, while hoping to spend $50,653 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: 66/22/12 Blend
63$824,000$824,000$824,000$824,000
64$911,466$867,794$855,022$968,956
65$950,542$856,422$829,771$996,327
66$991,905$842,795$801,977$1,019,959
67$1,035,736$826,748$771,499$1,044,499
68$1,082,231$808,109$738,195$1,070,032
69$1,131,606$786,694$701,912$1,096,655
70$1,184,095$762,307$662,491$1,124,472
71$1,239,956$734,743$619,768$1,153,603
72$1,299,470$703,784$573,568$1,184,182
73$1,362,944$669,198$523,711$1,216,357
74$1,430,717$630,742$470,009$1,250,293
75$1,503,159$588,157$412,263$1,286,176
76$1,580,675$541,170$350,267$1,324,213
77$1,663,710$489,493$283,807$1,364,634
78$1,752,751$432,821$212,657$1,407,695
79$1,848,334$370,831$136,583$1,453,682
80$1,951,045$303,183$55,340$1,502,913
81$2,061,529$229,517$0$1,555,744
82$2,180,495$149,453$0$1,616,582
83$2,308,719$62,589$0$1,689,675
84$2,447,054$0$0$1,768,452
85$2,596,440$0$0$1,861,116
86$2,757,906$0$0$1,977,693
87$2,932,586$0$0$2,103,853
88$3,121,724$0$0$2,240,501
89$3,326,689$0$0$2,388,632
90$3,548,988$0$0$2,549,340
91$3,790,275$0$0$2,723,827
92$4,052,370$0$0$2,913,418
93$4,337,277$0$0$3,119,567
94$4,647,199$0$0$3,343,876
95$4,984,560$0$0$3,588,108
96$5,352,027$0$0$3,854,200
97$5,752,536$0$0$4,144,287
98$6,189,316$0$0$4,460,717
99$6,665,924$0$0$4,806,075
100$7,186,272$0$0$5,183,206