Can I retire at age 64 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$70,110$69,485$68,876$68,281$67,700$66,827
2 years$34,708$34,061$33,435$32,827$32,238$31,359
3 years$22,909$22,259$21,635$21,033$20,453$19,596
4 years$17,010$16,363$15,744$15,153$14,587$13,759
5 years$13,472$12,829$12,218$11,639$11,089$10,292
6 years$11,114$10,476$9,874$9,308$8,774$8,009
7 years$9,431$8,797$8,206$7,652$7,136$6,403
8 years$8,168$7,541$6,959$6,419$5,920$5,219
9 years$7,187$6,566$5,994$5,468$4,985$4,317
10 years$6,403$5,787$5,225$4,713$4,248$3,610
11 years$5,761$5,152$4,600$4,102$3,653$3,047
12 years$5,227$4,624$4,083$3,598$3,166$2,589
13 years$4,776$4,179$3,648$3,177$2,761$2,214
14 years$4,389$3,799$3,277$2,820$2,420$1,902
15 years$4,054$3,470$2,959$2,515$2,131$1,640
16 years$3,761$3,184$2,683$2,252$1,883$1,419
17 years$3,503$2,932$2,441$2,023$1,670$1,232
18 years$3,274$2,709$2,229$1,823$1,485$1,072
19 years$3,070$2,511$2,040$1,647$1,323$934
20 years$2,885$2,333$1,872$1,492$1,182$816
21 years$2,719$2,174$1,722$1,354$1,058$714
22 years$2,568$2,029$1,587$1,231$948$625
23 years$2,431$1,898$1,466$1,121$851$548
24 years$2,305$1,778$1,355$1,023$765$481
25 years$2,189$1,668$1,255$934$688$423
26 years$2,082$1,568$1,164$854$620$372
27 years$1,984$1,476$1,081$782$559$327
28 years$1,892$1,391$1,005$716$504$288
29 years$1,807$1,312$935$657$455$254
30 years$1,728$1,239$871$603$412$224
31 years$1,654$1,171$812$554$372$197
32 years$1,585$1,108$758$509$337$174
33 years$1,520$1,049$708$468$305$153
34 years$1,460$995$661$430$276$135
35 years$1,402$943$618$396$250$119
36 years$1,348$895$578$365$226$105
37 years$1,298$850$541$336$205$93
38 years$1,249$808$507$310$186$82
39 years$1,204$769$475$286$169$73
40 years$1,161$731$445$264$153$64
41 years$1,120$696$417$243$139$57
42 years$1,081$663$391$224$126$50
43 years$1,044$632$367$207$114$44
44 years$1,009$602$345$191$104$39
45 years$975$574$324$177$94$35
46 years$943$548$304$163$86$31
47 years$913$523$286$151$78$27
48 years$884$499$268$139$71$24
49 years$856$476$252$129$64$21
50 years$829$455$237$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $849,000, adding $2,662 every year, while hoping to spend $43,692 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: 65/24/11 Blend
63$849,000$849,000$849,000$849,000
64$938,344$893,347$880,187$996,884
65$987,567$890,633$863,186$1,033,551
66$1,040,346$886,322$844,150$1,068,228
67$1,096,999$880,289$822,966$1,105,004
68$1,157,872$872,402$799,515$1,144,083
69$1,223,347$862,521$773,670$1,185,689
70$1,293,842$850,499$745,303$1,230,068
71$1,369,819$836,178$714,274$1,277,497
72$1,451,780$819,391$680,443$1,328,278
73$1,540,283$799,962$643,659$1,382,748
74$1,635,936$777,704$603,765$1,441,278
75$1,739,409$752,420$560,600$1,504,282
76$1,851,441$723,900$513,991$1,572,214
77$1,972,839$691,922$463,761$1,645,579
78$2,104,496$656,254$409,725$1,724,936
79$2,247,390$616,646$351,686$1,810,900
80$2,402,599$572,836$289,442$1,904,155
81$2,571,307$524,548$222,782$2,005,456
82$2,754,818$471,489$151,483$2,115,638
83$2,954,566$413,349$75,314$2,235,624
84$3,172,130$349,801$0$2,366,435
85$3,409,245$280,499$0$2,509,900
86$3,667,823$205,078$0$2,676,044
87$3,949,967$123,154$0$2,857,429
88$4,257,993$34,317$0$3,055,610
89$4,594,449$0$0$3,272,304
90$4,962,141$0$0$3,525,745
91$5,364,158$0$0$3,812,807
92$5,803,901$0$0$4,126,864
93$6,285,114$0$0$4,470,598
94$6,811,922$0$0$4,846,960
95$7,388,864$0$0$5,259,202
96$8,020,941$0$0$5,710,906
97$8,713,660$0$0$6,206,014
98$9,473,086$0$0$6,748,870
99$10,305,899$0$0$7,344,258
100$11,219,454$0$0$7,997,445