Can I retire at age 64 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$69,614$68,994$68,389$67,799$67,222$66,911
2 years$34,462$33,821$33,199$32,595$32,010$31,696
3 years$22,747$22,102$21,482$20,884$20,309$20,001
4 years$16,890$16,247$15,633$15,046$14,484$14,186
5 years$13,377$12,738$12,132$11,557$11,011$10,723
6 years$11,036$10,402$9,804$9,242$8,712$8,435
7 years$9,364$8,735$8,148$7,598$7,086$6,818
8 years$8,111$7,488$6,910$6,374$5,878$5,621
9 years$7,137$6,519$5,951$5,429$4,950$4,704
10 years$6,358$5,747$5,189$4,680$4,218$3,982
11 years$5,721$5,116$4,568$4,073$3,628$3,402
12 years$5,190$4,592$4,054$3,573$3,144$2,928
13 years$4,742$4,150$3,622$3,154$2,741$2,536
14 years$4,358$3,772$3,254$2,800$2,403$2,207
15 years$4,025$3,446$2,938$2,497$2,116$1,929
16 years$3,735$3,161$2,664$2,236$1,870$1,693
17 years$3,479$2,911$2,424$2,009$1,658$1,490
18 years$3,251$2,690$2,213$1,810$1,474$1,314
19 years$3,048$2,493$2,026$1,636$1,314$1,163
20 years$2,865$2,317$1,859$1,482$1,174$1,030
21 years$2,700$2,158$1,710$1,345$1,050$915
22 years$2,550$2,015$1,576$1,223$941$813
23 years$2,413$1,884$1,455$1,113$845$724
24 years$2,288$1,765$1,346$1,015$760$645
25 years$2,173$1,657$1,247$927$684$576
26 years$2,067$1,557$1,156$848$616$514
27 years$1,970$1,465$1,074$776$555$460
28 years$1,879$1,381$998$711$501$411
29 years$1,795$1,303$929$652$452$368
30 years$1,716$1,230$865$598$409$330
31 years$1,643$1,163$806$550$369$296
32 years$1,574$1,100$752$505$334$265
33 years$1,510$1,042$703$465$302$238
34 years$1,449$988$656$427$274$213
35 years$1,392$937$614$393$248$191
36 years$1,339$889$574$362$225$172
37 years$1,288$844$537$334$204$154
38 years$1,241$803$503$308$185$139
39 years$1,195$763$471$284$167$125
40 years$1,153$726$442$262$152$112
41 years$1,112$691$414$241$138$101
42 years$1,073$658$389$223$125$90
43 years$1,037$627$365$206$113$81
44 years$1,002$598$342$190$103$73
45 years$968$570$321$175$94$66
46 years$937$544$302$162$85$59
47 years$906$519$284$150$77$53
48 years$877$495$267$138$70$48
49 years$850$473$251$128$64$43
50 years$823$452$236$118$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $843,000, adding $2,035 every year, while hoping to spend $57,746 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: 57/14/29 Blend
63$843,000$843,000$843,000$843,000
64$931,085$886,406$873,340$976,626
65$964,614$868,399$841,155$990,143
66$999,628$847,574$805,957$998,674
67$1,036,218$823,732$767,584$1,006,804
68$1,074,479$796,662$725,865$1,014,512
69$1,114,520$766,142$680,625$1,021,781
70$1,156,453$731,936$631,679$1,028,591
71$1,200,404$693,793$578,833$1,034,927
72$1,246,507$651,450$521,885$1,040,773
73$1,294,907$604,628$460,625$1,046,118
74$1,345,764$553,031$394,832$1,050,952
75$1,399,249$496,347$324,276$1,055,268
76$1,455,551$434,246$248,718$1,059,065
77$1,514,873$366,381$167,906$1,062,344
78$1,577,439$292,381$81,579$1,065,112
79$1,643,489$211,860$0$1,067,384
80$1,713,289$124,405$0$1,072,442
81$1,787,126$29,583$0$1,104,204
82$1,865,317$0$0$1,137,528
83$1,948,203$0$0$1,183,815
84$2,036,162$0$0$1,237,808
85$2,129,603$0$0$1,295,205
86$2,228,977$0$0$1,356,287
87$2,334,774$0$0$1,421,363
88$2,447,534$0$0$1,490,768
89$2,567,846$0$0$1,564,872
90$2,696,355$0$0$1,644,078
91$2,833,770$0$0$1,728,832
92$2,980,867$0$0$1,819,617
93$3,138,496$0$0$1,916,967
94$3,307,591$0$0$2,021,467
95$3,489,176$0$0$2,133,759
96$3,684,375$0$0$2,254,547
97$3,894,423$0$0$2,384,604
98$4,120,674$0$0$2,524,779
99$4,364,617$0$0$2,676,007
100$4,627,886$0$0$2,839,311