Can I retire at age 64 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$69,944$69,321$68,714$68,120$67,541$65,379
2 years$34,626$33,981$33,356$32,750$32,162$30,004
3 years$22,855$22,207$21,584$20,983$20,405$18,318
4 years$16,970$16,325$15,707$15,117$14,553$12,554
5 years$13,440$12,799$12,190$11,612$11,063$9,157
6 years$11,088$10,451$9,851$9,286$8,754$6,942
7 years$9,408$8,777$8,186$7,634$7,119$5,401
8 years$8,149$7,523$6,943$6,404$5,906$4,281
9 years$7,170$6,550$5,980$5,455$4,974$3,440
10 years$6,388$5,774$5,213$4,702$4,238$2,793
11 years$5,748$5,140$4,590$4,092$3,645$2,286
12 years$5,215$4,613$4,073$3,590$3,158$1,883
13 years$4,765$4,169$3,639$3,169$2,754$1,559
14 years$4,379$3,790$3,270$2,813$2,414$1,296
15 years$4,045$3,462$2,952$2,509$2,126$1,081
16 years$3,753$3,176$2,677$2,246$1,879$904
17 years$3,495$2,925$2,436$2,018$1,666$758
18 years$3,267$2,703$2,223$1,819$1,481$637
19 years$3,062$2,505$2,035$1,644$1,320$536
20 years$2,879$2,328$1,868$1,489$1,179$451
21 years$2,713$2,168$1,718$1,351$1,055$381
22 years$2,562$2,024$1,584$1,228$946$321
23 years$2,425$1,893$1,462$1,119$849$271
24 years$2,299$1,774$1,352$1,020$763$229
25 years$2,184$1,665$1,252$932$687$194
26 years$2,077$1,564$1,162$852$619$164
27 years$1,979$1,472$1,079$780$558$139
28 years$1,888$1,387$1,003$715$503$118
29 years$1,803$1,309$933$655$454$100
30 years$1,724$1,236$869$601$411$84
31 years$1,650$1,168$810$552$371$71
32 years$1,581$1,106$756$508$336$61
33 years$1,517$1,047$706$467$304$51
34 years$1,456$992$660$429$275$43
35 years$1,399$941$617$395$249$37
36 years$1,345$893$577$364$226$31
37 years$1,294$848$540$335$205$27
38 years$1,246$806$506$309$186$22
39 years$1,201$767$474$285$168$19
40 years$1,158$730$444$263$153$16
41 years$1,117$694$416$243$138$14
42 years$1,078$661$391$224$126$12
43 years$1,041$630$366$207$114$10
44 years$1,006$601$344$191$103$8
45 years$973$573$323$176$94$7
46 years$941$546$303$163$85$6
47 years$911$521$285$150$77$5
48 years$881$498$268$139$70$4
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $847,000, adding $2,481 every year, while hoping to spend $22,612 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: 71/7/22 Blend
63$847,000$847,000$847,000$847,000
64$935,953$891,062$877,934$997,142
65$1,007,361$910,665$883,285$1,057,885
66$1,085,295$930,471$888,059$1,121,464
67$1,170,397$950,465$892,210$1,190,527
68$1,263,372$970,633$895,694$1,265,613
69$1,365,000$990,958$898,463$1,347,319
70$1,476,135$1,011,420$900,467$1,436,303
71$1,597,721$1,032,000$901,653$1,533,289
72$1,730,796$1,052,675$901,966$1,639,075
73$1,876,503$1,073,422$901,348$1,754,541
74$2,036,101$1,094,215$899,737$1,880,655
75$2,210,977$1,115,024$897,071$2,018,486
76$2,402,655$1,135,819$893,283$2,169,211
77$2,612,820$1,156,568$888,301$2,334,127
78$2,843,321$1,177,234$882,053$2,514,664
79$3,096,199$1,197,778$874,461$2,712,398
80$3,373,701$1,218,158$865,445$2,929,065
81$3,678,302$1,238,331$854,921$3,166,580
82$4,012,727$1,258,247$842,799$3,427,050
83$4,379,979$1,277,856$828,986$3,712,802
84$4,783,367$1,297,100$813,387$4,026,397
85$5,226,533$1,315,922$795,899$4,370,659
86$5,713,494$1,334,256$776,416$4,748,700
87$6,248,671$1,352,035$754,827$5,163,951
88$6,836,937$1,369,186$731,015$5,620,192
89$7,483,659$1,385,631$704,858$6,121,590
90$8,194,752$1,401,286$676,231$6,672,736
91$8,976,730$1,416,063$644,998$7,278,693
92$9,836,773$1,429,867$611,022$7,945,037
93$10,782,790$1,442,596$574,157$8,677,918
94$11,823,494$1,454,142$534,250$9,484,110
95$12,968,487$1,464,392$491,144$10,371,082
96$14,228,347$1,473,222$444,673$11,347,064
97$15,614,731$1,480,503$394,662$12,421,127
98$17,140,482$1,486,096$340,931$13,603,269
99$18,819,751$1,489,854$283,292$14,904,509
100$20,668,129$1,491,620$221,546$16,336,988