Can I retire at age 64 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,128$67,521$66,929$66,351$65,787$64,353
2 years$33,727$33,098$32,490$31,899$31,327$29,890
3 years$22,261$21,630$21,023$20,438$19,875$18,480
4 years$16,529$15,900$15,299$14,725$14,175$12,832
5 years$13,091$12,466$11,873$11,310$10,776$9,488
6 years$10,800$10,180$9,595$9,045$8,526$7,296
7 years$9,164$8,549$7,974$7,436$6,934$5,761
8 years$7,938$7,328$6,762$6,238$5,753$4,637
9 years$6,984$6,380$5,824$5,313$4,845$3,785
10 years$6,222$5,624$5,078$4,580$4,128$3,123
11 years$5,599$5,007$4,470$3,986$3,550$2,600
12 years$5,080$4,494$3,967$3,496$3,076$2,178
13 years$4,641$4,061$3,545$3,087$2,683$1,835
14 years$4,265$3,691$3,185$2,740$2,352$1,553
15 years$3,940$3,372$2,875$2,444$2,071$1,320
16 years$3,655$3,094$2,607$2,188$1,830$1,124
17 years$3,404$2,849$2,372$1,966$1,623$961
18 years$3,182$2,633$2,166$1,772$1,443$823
19 years$2,983$2,440$1,982$1,601$1,286$706
20 years$2,804$2,267$1,819$1,450$1,149$606
21 years$2,642$2,112$1,674$1,316$1,028$522
22 years$2,496$1,972$1,542$1,196$921$449
23 years$2,362$1,844$1,424$1,090$827$387
24 years$2,239$1,728$1,317$994$743$334
25 years$2,127$1,621$1,220$908$669$288
26 years$2,023$1,524$1,131$830$603$249
27 years$1,928$1,434$1,051$760$543$215
28 years$1,839$1,351$977$696$490$186
29 years$1,756$1,275$909$638$443$161
30 years$1,679$1,204$847$586$400$139
31 years$1,608$1,138$789$538$362$121
32 years$1,540$1,077$736$494$327$105
33 years$1,477$1,020$688$455$296$91
34 years$1,418$967$642$418$268$78
35 years$1,363$917$601$385$243$68
36 years$1,310$870$562$355$220$59
37 years$1,261$826$526$327$199$51
38 years$1,214$785$492$301$181$44
39 years$1,170$747$461$278$164$38
40 years$1,128$711$432$256$149$33
41 years$1,088$676$406$236$135$29
42 years$1,050$644$380$218$122$25
43 years$1,014$614$357$201$111$22
44 years$980$585$335$186$101$19
45 years$948$558$315$172$92$16
46 years$917$532$295$159$83$14
47 years$887$508$278$147$75$12
48 years$859$485$261$135$69$11
49 years$831$463$245$125$62$9
50 years$805$442$231$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $825,000, adding $6,420 every year, while hoping to spend $37,318 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: 55/39/6 Blend
63$825,000$825,000$825,000$825,000
64$915,772$872,047$859,260$964,584
65$969,475$875,071$848,339$1,001,271
66$1,027,405$876,993$835,801$1,036,487
67$1,089,953$877,719$821,554$1,073,911
68$1,157,550$877,149$805,498$1,113,756
69$1,230,670$875,179$787,532$1,156,260
70$1,309,832$871,697$767,548$1,201,685
71$1,395,608$866,583$745,434$1,250,323
72$1,488,627$859,712$721,072$1,302,497
73$1,589,579$850,951$694,341$1,358,562
74$1,699,226$840,157$665,111$1,418,914
75$1,818,403$827,181$633,248$1,483,991
76$1,948,031$811,863$598,613$1,554,275
77$2,089,121$794,036$561,058$1,630,304
78$2,242,788$773,520$520,430$1,712,669
79$2,410,257$750,127$476,569$1,802,027
80$2,592,878$723,658$429,308$1,899,103
81$2,792,134$693,899$378,472$2,004,699
82$3,009,659$660,629$323,879$2,119,703
83$3,247,254$623,608$265,338$2,245,097
84$3,506,897$582,588$202,650$2,381,966
85$3,790,769$537,304$135,608$2,531,512
86$4,101,270$487,474$63,993$2,695,060
87$4,441,044$432,805$0$2,874,077
88$4,812,999$372,981$0$3,070,982
89$5,220,342$307,674$0$3,291,193
90$5,666,601$236,535$0$3,532,607
91$6,155,663$159,193$0$3,797,427
92$6,691,807$75,260$0$4,088,089
93$7,279,749$0$0$4,407,282
94$7,924,680$0$0$4,764,703
95$8,632,319$0$0$5,192,392
96$9,408,967$0$0$5,661,869
97$10,261,561$0$0$6,177,337
98$11,197,746$0$0$6,743,430
99$12,225,940$0$0$7,365,248
100$13,355,421$0$0$8,048,411