Can I retire at age 64 with 841,000?

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 $841,000?

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$69,449$68,830$68,227$67,638$67,063$65,952
2 years$34,381$33,740$33,120$32,518$31,935$30,818
3 years$22,693$22,050$21,431$20,835$20,261$19,174
4 years$16,850$16,209$15,596$15,010$14,450$13,402
5 years$13,345$12,708$12,103$11,529$10,985$9,977
6 years$11,009$10,377$9,781$9,220$8,692$7,727
7 years$9,342$8,715$8,128$7,580$7,069$6,146
8 years$8,091$7,470$6,893$6,359$5,864$4,984
9 years$7,120$6,504$5,937$5,416$4,939$4,100
10 years$6,343$5,733$5,176$4,669$4,208$3,411
11 years$5,707$5,104$4,557$4,063$3,619$2,862
12 years$5,178$4,581$4,044$3,564$3,136$2,418
13 years$4,731$4,140$3,613$3,147$2,735$2,055
14 years$4,348$3,763$3,247$2,793$2,397$1,755
15 years$4,016$3,437$2,931$2,491$2,111$1,504
16 years$3,726$3,154$2,658$2,230$1,865$1,294
17 years$3,470$2,905$2,418$2,004$1,654$1,116
18 years$3,243$2,684$2,208$1,806$1,471$964
19 years$3,041$2,487$2,021$1,632$1,311$835
20 years$2,858$2,311$1,855$1,478$1,171$725
21 years$2,694$2,153$1,706$1,341$1,048$629
22 years$2,544$2,010$1,572$1,220$939$548
23 years$2,408$1,880$1,452$1,111$843$477
24 years$2,283$1,761$1,343$1,013$758$416
25 years$2,168$1,653$1,244$925$682$363
26 years$2,063$1,553$1,153$846$614$317
27 years$1,965$1,462$1,071$774$554$277
28 years$1,874$1,378$996$709$500$242
29 years$1,790$1,300$926$651$451$211
30 years$1,712$1,227$863$597$408$185
31 years$1,639$1,160$805$548$369$162
32 years$1,570$1,098$751$504$333$142
33 years$1,506$1,040$701$463$302$124
34 years$1,446$985$655$426$273$109
35 years$1,389$935$612$393$247$95
36 years$1,336$887$573$362$224$83
37 years$1,285$842$536$333$203$73
38 years$1,238$801$502$307$184$64
39 years$1,193$761$470$283$167$56
40 years$1,150$724$441$261$152$49
41 years$1,109$689$413$241$137$43
42 years$1,071$657$388$222$125$38
43 years$1,034$626$364$205$113$33
44 years$999$596$342$189$103$29
45 years$966$569$321$175$93$25
46 years$934$543$301$162$85$22
47 years$904$518$283$149$77$20
48 years$875$494$266$138$70$17
49 years$848$472$250$128$63$15
50 years$821$451$235$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $841,000, adding $6,203 every year, while hoping to spend $35,697 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: 38/36/26 Blend
63$841,000$841,000$841,000$841,000
64$933,180$888,607$875,572$961,211
65$990,383$894,168$866,922$987,830
66$1,052,225$898,804$856,786$1,012,832
67$1,119,140$902,434$845,077$1,039,158
68$1,191,607$904,968$831,702$1,066,951
69$1,270,153$906,314$816,566$1,096,369
70$1,355,357$906,371$799,569$1,127,591
71$1,447,854$905,034$780,605$1,160,815
72$1,548,344$902,190$759,565$1,196,263
73$1,657,598$897,720$736,333$1,234,180
74$1,776,463$891,498$710,790$1,274,843
75$1,905,870$883,389$682,809$1,318,555
76$2,046,846$873,252$652,260$1,365,659
77$2,200,518$860,935$619,005$1,416,533
78$2,368,128$846,279$582,899$1,471,598
79$2,551,045$829,114$543,794$1,531,322
80$2,750,772$809,261$501,531$1,596,227
81$2,968,966$786,530$455,948$1,666,889
82$3,207,451$760,720$406,872$1,743,951
83$3,468,234$731,619$354,126$1,828,125
84$3,753,526$699,000$297,521$1,920,202
85$4,065,761$662,627$236,864$2,021,059
86$4,407,620$622,247$171,950$2,131,668
87$4,782,053$577,593$102,566$2,253,108
88$5,192,312$528,384$28,491$2,386,574
89$5,641,975$474,322$0$2,533,391
90$6,134,986$415,093$0$2,709,051
91$6,675,685$350,364$0$2,910,501
92$7,268,857$279,783$0$3,131,698
93$7,919,768$202,980$0$3,374,707
94$8,634,220$119,563$0$3,641,809
95$9,418,606$29,117$0$3,935,523
96$10,279,966$0$0$4,258,633
97$11,226,055$0$0$4,641,465
98$12,265,417$0$0$5,074,832
99$13,407,465$0$0$5,551,141
100$14,662,568$0$0$6,074,731