Can I retire at age 64 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$68,210$67,603$67,010$66,431$65,866$64,695
2 years$33,767$33,139$32,529$31,938$31,365$30,189
3 years$22,288$21,656$21,048$20,463$19,899$18,755
4 years$16,549$15,920$15,318$14,743$14,192$13,089
5 years$13,107$12,481$11,887$11,324$10,789$9,729
6 years$10,813$10,192$9,607$9,056$8,537$7,522
7 years$9,175$8,559$7,983$7,445$6,943$5,974
8 years$7,947$7,337$6,770$6,246$5,760$4,836
9 years$6,993$6,388$5,831$5,320$4,850$3,971
10 years$6,229$5,631$5,084$4,586$4,133$3,297
11 years$5,605$5,013$4,476$3,991$3,554$2,761
12 years$5,086$4,499$3,972$3,501$3,080$2,329
13 years$4,646$4,066$3,549$3,091$2,686$1,975
14 years$4,270$3,696$3,189$2,743$2,354$1,683
15 years$3,944$3,376$2,879$2,447$2,073$1,440
16 years$3,659$3,098$2,610$2,191$1,832$1,236
17 years$3,408$2,853$2,375$1,968$1,625$1,063
18 years$3,186$2,636$2,168$1,774$1,444$917
19 years$2,986$2,443$1,985$1,603$1,287$793
20 years$2,807$2,270$1,822$1,452$1,150$686
21 years$2,646$2,115$1,676$1,317$1,029$595
22 years$2,499$1,974$1,544$1,198$922$516
23 years$2,365$1,846$1,426$1,091$828$448
24 years$2,242$1,730$1,319$995$744$390
25 years$2,130$1,623$1,221$909$670$339
26 years$2,026$1,526$1,133$831$603$296
27 years$1,930$1,436$1,052$761$544$258
28 years$1,841$1,353$978$697$491$225
29 years$1,758$1,276$910$639$443$196
30 years$1,681$1,205$848$586$400$171
31 years$1,610$1,139$790$539$362$149
32 years$1,542$1,078$737$495$327$130
33 years$1,479$1,021$688$455$296$114
34 years$1,420$968$643$419$268$99
35 years$1,364$918$601$386$243$87
36 years$1,312$871$563$355$220$76
37 years$1,262$827$527$327$200$66
38 years$1,216$786$493$302$181$58
39 years$1,171$748$462$278$164$51
40 years$1,129$711$433$256$149$44
41 years$1,089$677$406$237$135$39
42 years$1,052$645$381$218$123$34
43 years$1,016$615$357$202$111$30
44 years$981$586$335$186$101$26
45 years$949$559$315$172$92$23
46 years$918$533$296$159$83$20
47 years$888$508$278$147$76$17
48 years$860$485$261$136$69$15
49 years$832$464$245$125$62$13
50 years$806$443$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $826,000, adding $4,437 every year, while hoping to spend $35,381 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: 76/6/18 Blend
63$826,000$826,000$826,000$826,000
64$914,829$871,051$858,248$980,275
65$970,496$876,087$849,354$1,029,212
66$1,030,656$880,184$838,976$1,078,027
67$1,095,729$883,259$827,028$1,130,603
68$1,166,177$885,223$813,418$1,187,306
69$1,242,510$885,982$798,050$1,248,538
70$1,325,286$885,435$780,825$1,314,742
71$1,415,121$883,477$761,638$1,386,408
72$1,512,691$879,995$740,380$1,464,074
73$1,618,739$874,869$716,937$1,548,335
74$1,734,084$867,971$691,188$1,639,847
75$1,859,628$859,168$663,010$1,739,331
76$1,996,359$848,317$632,270$1,847,585
77$2,145,369$835,266$598,832$1,965,486
78$2,307,858$819,855$562,554$2,094,004
79$2,485,146$801,915$523,286$2,234,205
80$2,678,687$781,264$480,872$2,387,268
81$2,890,080$757,714$435,149$2,554,489
82$3,121,088$731,062$385,946$2,737,301
83$3,373,650$701,094$333,086$2,937,280
84$3,649,901$667,586$276,383$3,156,168
85$3,952,191$630,299$215,643$3,395,881
86$4,283,111$588,979$150,663$3,658,534
87$4,645,509$543,361$81,231$3,946,459
88$5,042,527$493,161$7,128$4,262,227
89$5,477,620$438,081$0$4,608,671
90$5,954,596$377,806$0$5,002,736
91$6,477,649$312,003$0$5,436,405
92$7,051,398$240,319$0$5,912,155
93$7,680,929$162,384$0$6,434,222
94$8,371,846$77,803$0$7,007,275
95$9,130,323$0$0$7,636,456
96$9,963,157$0$0$8,328,345
97$10,877,838$0$0$9,093,906
98$11,882,619$0$0$9,934,909
99$12,986,586$0$0$10,858,968
100$14,199,755$0$0$11,874,468