Can I retire at age 64 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$68,706$68,094$67,497$66,914$66,345$63,763
2 years$34,013$33,379$32,765$32,170$31,593$29,023
3 years$22,450$21,814$21,201$20,612$20,044$17,566
4 years$16,670$16,035$15,429$14,850$14,295$11,930
5 years$13,202$12,572$11,974$11,406$10,867$8,619
6 years$10,892$10,266$9,677$9,121$8,599$6,470
7 years$9,242$8,621$8,041$7,499$6,993$4,983
8 years$8,005$7,390$6,820$6,291$5,801$3,908
9 years$7,043$6,434$5,874$5,358$4,886$3,106
10 years$6,275$5,672$5,121$4,619$4,163$2,493
11 years$5,646$5,049$4,508$4,020$3,580$2,017
12 years$5,123$4,532$4,001$3,526$3,103$1,642
13 years$4,680$4,095$3,575$3,113$2,705$1,342
14 years$4,301$3,723$3,212$2,763$2,372$1,102
15 years$3,973$3,401$2,900$2,464$2,088$908
16 years$3,686$3,120$2,629$2,207$1,845$749
17 years$3,433$2,873$2,392$1,983$1,636$620
18 years$3,209$2,655$2,184$1,787$1,455$514
19 years$3,008$2,461$1,999$1,614$1,297$426
20 years$2,828$2,287$1,835$1,462$1,158$354
21 years$2,665$2,130$1,688$1,327$1,037$295
22 years$2,517$1,988$1,555$1,207$929$245
23 years$2,382$1,860$1,436$1,099$834$204
24 years$2,258$1,742$1,328$1,002$750$170
25 years$2,145$1,635$1,230$915$675$142
26 years$2,041$1,537$1,141$837$608$118
27 years$1,944$1,446$1,060$766$548$99
28 years$1,854$1,363$985$702$494$82
29 years$1,771$1,286$917$644$446$69
30 years$1,694$1,214$854$591$403$57
31 years$1,621$1,148$796$542$365$48
32 years$1,553$1,086$743$499$330$40
33 years$1,490$1,028$693$458$299$33
34 years$1,430$975$648$422$270$28
35 years$1,374$925$606$388$245$23
36 years$1,321$878$567$358$222$19
37 years$1,272$833$530$330$201$16
38 years$1,224$792$497$304$182$14
39 years$1,180$753$465$280$165$11
40 years$1,137$717$436$258$150$9
41 years$1,097$682$409$238$136$8
42 years$1,059$650$384$220$123$7
43 years$1,023$619$360$203$112$6
44 years$989$590$338$187$102$5
45 years$956$563$317$173$92$4
46 years$924$537$298$160$84$3
47 years$894$512$280$148$76$3
48 years$866$489$263$137$69$2
49 years$838$467$247$126$63$2
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $832,000, adding $6,690 every year, while hoping to spend $36,621 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: 54/25/21 Blend
63$832,000$832,000$832,000$832,000
64$923,765$879,669$866,773$968,014
65$979,024$883,808$856,845$1,003,239
66$1,038,693$886,923$845,358$1,037,162
67$1,103,182$888,924$832,219$1,073,305
68$1,172,942$889,718$817,335$1,111,893
69$1,248,472$889,203$800,605$1,153,174
70$1,330,315$887,273$781,925$1,197,420
71$1,419,074$883,816$761,185$1,244,937
72$1,515,408$878,711$738,273$1,296,062
73$1,620,042$871,831$713,068$1,351,167
74$1,733,776$863,041$685,446$1,410,664
75$1,857,489$852,197$655,276$1,475,012
76$1,992,147$839,149$622,421$1,544,716
77$2,138,813$823,734$586,740$1,620,336
78$2,298,658$805,784$548,082$1,702,492
79$2,472,971$785,117$506,292$1,791,869
80$2,663,169$761,542$461,208$1,889,226
81$2,870,813$734,859$412,659$1,995,401
82$3,097,620$704,851$360,468$2,111,323
83$3,345,483$671,294$304,449$2,238,017
84$3,616,482$633,947$244,408$2,376,617
85$3,912,911$592,558$180,143$2,528,379
86$4,237,293$546,859$111,443$2,694,687
87$4,592,408$496,566$38,087$2,877,074
88$4,981,316$441,381$0$3,077,232
89$5,407,389$380,986$0$3,306,040
90$5,874,336$315,049$0$3,566,251
91$6,386,248$243,216$0$3,851,661
92$6,947,626$165,114$0$4,164,851
93$7,563,428$80,349$0$4,508,669
94$8,239,117$0$0$4,886,255
95$8,980,710$0$0$5,304,236
96$9,794,833$0$0$5,787,444
97$10,688,786$0$0$6,318,118
98$11,670,611$0$0$6,901,041
99$12,749,167$0$0$7,541,485
100$13,934,212$0$0$8,245,256