Can I retire at age 64 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$68,375$67,766$67,172$66,592$66,026$63,810
2 years$33,849$33,219$32,608$32,015$31,441$29,231
3 years$22,342$21,709$21,099$20,513$19,947$17,812
4 years$16,590$15,958$15,355$14,778$14,227$12,182
5 years$13,139$12,512$11,916$11,351$10,815$8,867
6 years$10,839$10,217$9,630$9,078$8,557$6,707
7 years$9,197$8,580$8,003$7,463$6,959$5,207
8 years$7,966$7,355$6,787$6,261$5,774$4,118
9 years$7,010$6,403$5,845$5,333$4,862$3,301
10 years$6,244$5,644$5,096$4,597$4,143$2,673
11 years$5,619$5,025$4,487$4,001$3,563$2,182
12 years$5,098$4,510$3,982$3,509$3,088$1,793
13 years$4,658$4,076$3,557$3,098$2,692$1,480
14 years$4,280$3,705$3,196$2,750$2,360$1,227
15 years$3,954$3,384$2,886$2,453$2,078$1,021
16 years$3,668$3,105$2,617$2,196$1,837$851
17 years$3,417$2,860$2,381$1,973$1,628$712
18 years$3,193$2,642$2,173$1,778$1,448$596
19 years$2,994$2,449$1,990$1,607$1,291$500
20 years$2,814$2,276$1,826$1,455$1,153$420
21 years$2,652$2,120$1,680$1,321$1,032$353
22 years$2,505$1,979$1,548$1,201$925$297
23 years$2,370$1,851$1,429$1,094$830$250
24 years$2,248$1,734$1,322$997$746$211
25 years$2,135$1,627$1,224$911$671$178
26 years$2,031$1,529$1,136$833$605$150
27 years$1,935$1,439$1,054$762$545$126
28 years$1,845$1,356$980$698$492$107
29 years$1,763$1,279$912$641$444$90
30 years$1,685$1,208$850$588$401$76
31 years$1,613$1,142$792$540$363$64
32 years$1,546$1,081$739$496$328$54
33 years$1,483$1,024$690$456$297$46
34 years$1,423$970$645$420$269$39
35 years$1,368$920$603$386$244$33
36 years$1,315$873$564$356$221$28
37 years$1,265$829$528$328$200$23
38 years$1,218$788$494$302$181$20
39 years$1,174$750$463$279$164$17
40 years$1,132$713$434$257$149$14
41 years$1,092$679$407$237$135$12
42 years$1,054$647$382$219$123$10
43 years$1,018$616$358$202$111$8
44 years$984$587$336$187$101$7
45 years$951$560$316$172$92$6
46 years$920$534$297$159$83$5
47 years$890$510$279$147$76$4
48 years$862$487$262$136$69$4
49 years$834$465$246$126$62$3
50 years$808$444$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $828,000, adding $4,696 every year, while hoping to spend $51,503 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: 54/18/28 Blend
63$828,000$828,000$828,000$828,000
64$917,300$873,416$860,582$959,465
65$956,066$861,415$834,613$977,124
66$997,059$847,099$806,047$990,675
67$1,040,454$830,301$774,744$1,004,399
68$1,086,438$810,844$740,556$1,018,331
69$1,135,218$788,539$703,328$1,032,513
70$1,187,020$763,186$662,899$1,046,996
71$1,242,089$734,576$619,100$1,061,837
72$1,300,697$702,485$571,754$1,077,105
73$1,363,138$666,676$520,677$1,092,878
74$1,429,735$626,900$465,677$1,109,244
75$1,500,844$582,894$406,553$1,126,308
76$1,576,851$534,377$343,094$1,144,187
77$1,658,184$481,056$275,081$1,163,014
78$1,745,308$422,616$202,286$1,182,943
79$1,838,735$358,731$124,468$1,204,148
80$1,939,027$289,050$41,379$1,226,823
81$2,046,800$213,205$0$1,251,192
82$2,162,731$130,810$0$1,291,634
83$2,287,562$41,452$0$1,348,414
84$2,422,110$0$0$1,409,560
85$2,567,269$0$0$1,486,471
86$2,724,025$0$0$1,578,454
87$2,893,460$0$0$1,677,940
88$3,076,761$0$0$1,785,637
89$3,275,237$0$0$1,902,319
90$3,490,324$0$0$2,028,841
91$3,723,601$0$0$2,166,142
92$3,976,806$0$0$2,315,254
93$4,251,851$0$0$2,477,313
94$4,550,836$0$0$2,653,567
95$4,876,075$0$0$2,845,392
96$5,230,111$0$0$3,054,300
97$5,615,744$0$0$3,281,954
98$6,036,055$0$0$3,530,187
99$6,494,434$0$0$3,801,015
100$6,994,613$0$0$4,096,655