Can I retire at age 64 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$68,954$68,339$67,740$67,155$66,584$65,481
2 years$34,135$33,500$32,884$32,286$31,707$30,599
3 years$22,531$21,892$21,278$20,686$20,116$19,037
4 years$16,730$16,093$15,485$14,903$14,347$13,306
5 years$13,250$12,617$12,017$11,447$10,906$9,906
6 years$10,931$10,303$9,711$9,154$8,630$7,672
7 years$9,275$8,652$8,070$7,526$7,018$6,102
8 years$8,034$7,417$6,844$6,314$5,822$4,948
9 years$7,069$6,458$5,895$5,378$4,903$4,071
10 years$6,297$5,692$5,139$4,636$4,178$3,386
11 years$5,666$5,067$4,525$4,034$3,593$2,842
12 years$5,141$4,548$4,015$3,539$3,114$2,401
13 years$4,697$4,110$3,588$3,124$2,715$2,041
14 years$4,317$3,736$3,223$2,773$2,380$1,742
15 years$3,987$3,413$2,910$2,473$2,096$1,494
16 years$3,699$3,131$2,639$2,215$1,852$1,284
17 years$3,446$2,884$2,401$1,990$1,642$1,108
18 years$3,220$2,665$2,192$1,793$1,460$957
19 years$3,019$2,470$2,007$1,620$1,302$829
20 years$2,838$2,295$1,841$1,467$1,163$719
21 years$2,674$2,138$1,694$1,332$1,040$625
22 years$2,526$1,995$1,561$1,211$933$544
23 years$2,390$1,866$1,441$1,103$837$473
24 years$2,267$1,749$1,333$1,006$752$413
25 years$2,153$1,641$1,235$919$677$360
26 years$2,048$1,542$1,145$840$610$314
27 years$1,951$1,451$1,063$769$550$275
28 years$1,861$1,368$989$704$496$240
29 years$1,778$1,290$920$646$448$210
30 years$1,700$1,218$857$593$405$184
31 years$1,627$1,152$799$544$366$161
32 years$1,559$1,090$745$500$331$141
33 years$1,495$1,032$696$460$300$123
34 years$1,436$978$650$423$271$108
35 years$1,379$928$608$390$246$94
36 years$1,326$881$569$359$223$83
37 years$1,276$836$532$331$202$72
38 years$1,229$795$498$305$183$64
39 years$1,184$756$467$281$166$56
40 years$1,142$719$438$259$150$49
41 years$1,101$685$410$239$136$43
42 years$1,063$652$385$221$124$37
43 years$1,027$621$361$204$112$33
44 years$992$592$339$188$102$29
45 years$959$565$318$174$93$25
46 years$928$539$299$160$84$22
47 years$898$514$281$148$76$19
48 years$869$491$264$137$69$17
49 years$842$469$248$127$63$15
50 years$815$448$233$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $835,000, adding $5,218 every year, while hoping to spend $31,644 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: 54/40/6 Blend
63$835,000$835,000$835,000$835,000
64$925,552$881,297$868,355$974,004
65$986,290$890,812$863,776$1,016,851
66$1,052,162$899,732$857,983$1,059,515
67$1,123,659$907,996$850,902$1,105,173
68$1,201,320$915,535$842,455$1,154,115
69$1,285,739$922,281$832,561$1,206,657
70$1,377,567$928,156$821,135$1,263,151
71$1,477,524$933,080$808,088$1,323,985
72$1,586,399$936,969$793,327$1,389,589
73$1,705,061$939,730$776,753$1,460,434
74$1,834,468$941,267$758,265$1,537,044
75$1,975,672$941,478$737,755$1,619,996
76$2,129,833$940,252$715,112$1,709,927
77$2,298,227$937,475$690,219$1,807,540
78$2,482,257$933,023$662,953$1,913,612
79$2,683,472$926,766$633,186$2,029,001
80$2,903,574$918,564$600,785$2,154,654
81$3,144,436$908,272$565,610$2,291,617
82$3,408,125$895,734$527,514$2,441,043
83$3,696,914$880,785$486,345$2,604,207
84$4,013,305$863,249$441,944$2,782,516
85$4,360,056$842,943$394,143$2,977,523
86$4,740,204$819,669$342,769$3,190,941
87$5,157,093$793,221$287,640$3,424,663
88$5,614,406$763,378$228,565$3,680,777
89$6,116,201$729,909$165,348$3,961,587
90$6,666,946$692,567$97,779$4,269,637
91$7,271,564$651,093$25,645$4,607,734
92$7,935,478$605,211$0$4,978,976
93$8,664,661$554,630$0$5,390,067
94$9,465,693$499,044$0$5,843,459
95$10,345,824$438,127$0$6,341,684
96$11,313,038$371,536$0$6,889,352
97$12,376,135$298,908$0$7,491,545
98$13,544,806$219,859$0$8,153,872
99$14,829,730$133,987$0$8,882,515
100$16,242,673$40,862$0$9,684,299