Can I retire at age 64 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,192$69,567$68,957$68,362$67,780$67,325
2 years$34,749$34,101$33,474$32,866$32,276$31,817
3 years$22,936$22,286$21,660$21,058$20,477$20,028
4 years$17,030$16,382$15,763$15,171$14,605$14,170
5 years$13,488$12,844$12,233$11,653$11,102$10,682
6 years$11,127$10,488$9,886$9,319$8,785$8,380
7 years$9,442$8,808$8,215$7,661$7,144$6,756
8 years$8,178$7,550$6,967$6,427$5,927$5,554
9 years$7,196$6,574$6,001$5,474$4,991$4,634
10 years$6,410$5,794$5,232$4,719$4,253$3,911
11 years$5,768$5,158$4,606$4,107$3,658$3,331
12 years$5,234$4,630$4,088$3,602$3,170$2,858
13 years$4,781$4,184$3,652$3,180$2,764$2,467
14 years$4,394$3,803$3,281$2,823$2,423$2,141
15 years$4,059$3,474$2,963$2,518$2,133$1,865
16 years$3,766$3,188$2,686$2,254$1,885$1,631
17 years$3,507$2,936$2,444$2,026$1,672$1,430
18 years$3,278$2,713$2,231$1,825$1,486$1,258
19 years$3,073$2,514$2,043$1,649$1,325$1,108
20 years$2,889$2,336$1,875$1,494$1,183$979
21 years$2,722$2,176$1,724$1,356$1,059$866
22 years$2,571$2,031$1,589$1,233$949$767
23 years$2,433$1,900$1,467$1,123$852$680
24 years$2,307$1,780$1,357$1,024$766$604
25 years$2,191$1,670$1,257$935$689$537
26 years$2,085$1,570$1,166$855$621$478
27 years$1,986$1,478$1,082$783$560$425
28 years$1,894$1,392$1,006$717$505$379
29 years$1,809$1,313$936$658$456$338
30 years$1,730$1,240$872$603$412$301
31 years$1,656$1,173$813$554$373$269
32 years$1,587$1,109$759$509$337$240
33 years$1,522$1,051$708$468$305$215
34 years$1,461$996$662$431$276$192
35 years$1,404$945$619$397$250$171
36 years$1,350$897$579$365$227$153
37 years$1,299$851$542$337$205$137
38 years$1,251$809$507$310$186$123
39 years$1,205$769$475$286$169$110
40 years$1,162$732$446$264$153$98
41 years$1,121$697$418$243$139$88
42 years$1,082$664$392$225$126$79
43 years$1,045$632$368$207$114$70
44 years$1,010$603$345$192$104$63
45 years$976$575$324$177$94$56
46 years$944$548$304$163$86$50
47 years$914$523$286$151$78$45
48 years$885$500$269$139$71$40
49 years$857$477$253$129$64$36
50 years$830$456$238$119$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $850,000, adding $4,533 every year, while hoping to spend $44,313 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: 38/47/15 Blend
63$850,000$850,000$850,000$850,000
64$941,376$896,326$883,151$972,724
65$990,247$893,097$865,588$992,338
66$1,042,619$888,225$845,951$1,008,922
67$1,098,800$881,582$824,124$1,025,892
68$1,159,132$873,034$799,987$1,043,305
69$1,223,987$862,436$773,410$1,061,228
70$1,293,776$849,638$744,262$1,079,737
71$1,368,950$834,479$712,403$1,098,919
72$1,450,002$816,787$677,688$1,118,876
73$1,537,476$796,384$639,964$1,139,723
74$1,631,969$773,078$599,074$1,161,590
75$1,734,137$746,666$554,850$1,184,627
76$1,844,702$716,934$507,120$1,209,005
77$1,964,454$683,657$455,701$1,234,914
78$2,094,267$646,594$400,405$1,262,573
79$2,235,097$605,493$341,034$1,292,228
80$2,388,000$560,085$277,382$1,324,155
81$2,554,134$510,087$209,232$1,358,668
82$2,734,774$455,200$136,360$1,396,118
83$2,931,323$395,107$58,530$1,436,899
84$3,145,325$329,474$0$1,481,457
85$3,378,477$257,947$0$1,534,213
86$3,632,650$180,154$0$1,602,053
87$3,909,899$95,701$0$1,676,264
88$4,212,489$4,171$0$1,757,591
89$4,542,913$0$0$1,846,859
90$4,903,914$0$0$1,994,058
91$5,298,512$0$0$2,157,425
92$5,730,032$0$0$2,336,195
93$6,202,136$0$0$2,531,899
94$6,718,856$0$0$2,746,223
95$7,284,630$0$0$2,981,025
96$7,904,347$0$0$3,238,349
97$8,583,391$0$0$3,520,447
98$9,327,691$0$0$3,829,802
99$10,143,776$0$0$4,169,143
100$11,038,839$0$0$4,541,482