Can I retire at age 64 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$69,532$68,912$68,308$67,718$67,142$65,733
2 years$34,422$33,781$33,159$32,557$31,973$30,559
3 years$22,720$22,076$21,456$20,859$20,285$18,912
4 years$16,870$16,228$15,615$15,028$14,467$13,145
5 years$13,361$12,723$12,118$11,543$10,998$9,730
6 years$11,023$10,389$9,793$9,231$8,702$7,490
7 years$9,353$8,725$8,138$7,589$7,077$5,921
8 years$8,101$7,479$6,902$6,367$5,871$4,771
9 years$7,128$6,512$5,944$5,423$4,944$3,899
10 years$6,350$5,740$5,182$4,675$4,213$3,222
11 years$5,714$5,110$4,562$4,068$3,623$2,685
12 years$5,184$4,586$4,049$3,568$3,140$2,253
13 years$4,736$4,145$3,618$3,150$2,738$1,900
14 years$4,353$3,767$3,250$2,797$2,400$1,611
15 years$4,021$3,442$2,935$2,494$2,113$1,370
16 years$3,730$3,158$2,661$2,233$1,868$1,169
17 years$3,474$2,908$2,421$2,006$1,656$1,000
18 years$3,247$2,687$2,210$1,808$1,472$858
19 years$3,044$2,490$2,023$1,634$1,312$737
20 years$2,862$2,314$1,857$1,480$1,172$634
21 years$2,697$2,156$1,708$1,343$1,049$546
22 years$2,547$2,012$1,574$1,221$940$471
23 years$2,411$1,882$1,453$1,112$844$407
24 years$2,286$1,763$1,344$1,014$759$352
25 years$2,171$1,655$1,245$926$683$304
26 years$2,065$1,555$1,155$847$615$263
27 years$1,967$1,464$1,072$775$554$228
28 years$1,877$1,379$997$710$500$197
29 years$1,792$1,301$928$651$452$171
30 years$1,714$1,229$864$598$408$148
31 years$1,641$1,162$806$549$369$129
32 years$1,572$1,099$752$505$334$111
33 years$1,508$1,041$702$464$302$97
34 years$1,448$986$656$427$274$84
35 years$1,391$936$613$393$248$73
36 years$1,337$888$573$362$224$63
37 years$1,287$843$537$333$203$55
38 years$1,239$802$503$307$184$48
39 years$1,194$762$471$283$167$41
40 years$1,151$725$441$261$152$36
41 years$1,111$690$414$241$138$31
42 years$1,072$657$388$223$125$27
43 years$1,035$626$364$205$113$24
44 years$1,000$597$342$190$103$20
45 years$967$569$321$175$93$18
46 years$935$543$302$162$85$15
47 years$905$518$283$150$77$13
48 years$876$495$266$138$70$12
49 years$849$473$250$128$64$10
50 years$822$451$235$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $842,000, adding $6,443 every year, while hoping to spend $50,525 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: 22/49/29 Blend
63$842,000$842,000$842,000$842,000
64$934,530$889,904$876,853$946,420
65$976,094$879,751$852,469$947,362
66$1,020,204$867,407$825,575$943,746
67$1,067,066$852,712$796,034$938,798
68$1,116,907$835,495$763,701$932,442
69$1,169,973$815,575$728,426$924,601
70$1,226,535$792,763$690,053$915,194
71$1,286,888$766,855$648,417$904,142
72$1,351,358$737,638$603,346$891,360
73$1,420,300$704,886$554,661$876,766
74$1,494,103$668,358$502,176$860,274
75$1,573,196$627,802$445,693$841,800
76$1,658,047$582,950$385,009$821,259
77$1,749,172$533,518$319,910$798,565
78$1,847,134$479,207$250,174$773,636
79$1,952,553$419,700$175,567$746,388
80$2,066,112$354,664$95,846$716,743
81$2,188,557$283,744$10,759$684,625
82$2,320,710$206,568$0$649,961
83$2,463,474$122,741$0$637,453
84$2,617,840$31,847$0$627,437
85$2,784,899$0$0$616,616
86$2,965,849$0$0$640,929
87$3,162,009$0$0$686,025
88$3,374,826$0$0$735,083
89$3,605,894$0$0$788,485
90$3,856,967$0$0$846,655
91$4,129,973$0$0$910,057
92$4,427,032$0$0$979,202
93$4,750,480$0$0$1,054,655
94$5,102,883$0$0$1,137,035
95$5,487,069$0$0$1,227,023
96$5,906,148$0$0$1,325,372
97$6,363,545$0$0$1,432,908
98$6,863,027$0$0$1,550,542
99$7,408,744$0$0$1,679,276
100$8,005,263$0$0$1,820,213