Can I retire at age 64 with 778,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $778,000?

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 years$64,247$63,674$63,116$62,571$62,039$61,777
2 years$31,805$31,213$30,639$30,082$29,542$29,278
3 years$20,993$20,398$19,825$19,274$18,743$18,485
4 years$15,588$14,995$14,428$13,886$13,368$13,117
5 years$12,346$11,756$11,197$10,666$10,162$9,920
6 years$10,185$9,600$9,048$8,529$8,041$7,807
7 years$8,642$8,062$7,519$7,012$6,539$6,315
8 years$7,485$6,910$6,377$5,883$5,425$5,209
9 years$6,586$6,017$5,492$5,011$4,569$4,362
10 years$5,867$5,303$4,788$4,319$3,893$3,694
11 years$5,280$4,721$4,216$3,759$3,348$3,158
12 years$4,790$4,238$3,741$3,297$2,901$2,720
13 years$4,376$3,830$3,343$2,911$2,530$2,357
14 years$4,022$3,481$3,003$2,584$2,218$2,053
15 years$3,715$3,180$2,712$2,304$1,953$1,796
16 years$3,447$2,918$2,458$2,063$1,726$1,576
17 years$3,210$2,687$2,237$1,854$1,530$1,388
18 years$3,000$2,483$2,042$1,671$1,361$1,226
19 years$2,813$2,301$1,870$1,510$1,213$1,085
20 years$2,644$2,138$1,716$1,367$1,083$962
21 years$2,492$1,992$1,578$1,241$969$855
22 years$2,353$1,859$1,455$1,128$869$761
23 years$2,227$1,739$1,343$1,028$780$678
24 years$2,112$1,629$1,242$937$701$605
25 years$2,006$1,529$1,150$856$631$540
26 years$1,908$1,437$1,067$783$568$483
27 years$1,818$1,352$991$716$512$432
28 years$1,734$1,274$921$656$462$387
29 years$1,656$1,202$857$602$417$346
30 years$1,584$1,135$798$552$377$310
31 years$1,516$1,073$744$507$341$278
32 years$1,453$1,016$694$466$308$250
33 years$1,393$962$648$429$279$224
34 years$1,338$911$606$394$253$201
35 years$1,285$865$566$363$229$181
36 years$1,236$821$530$334$207$163
37 years$1,189$779$496$308$188$146
38 years$1,145$741$464$284$170$131
39 years$1,103$704$435$262$155$118
40 years$1,064$670$408$242$140$106
41 years$1,026$638$382$223$127$96
42 years$991$607$359$206$115$86
43 years$957$579$337$190$105$77
44 years$924$552$316$175$95$70
45 years$894$526$297$162$86$63
46 years$864$502$279$150$78$56
47 years$836$479$262$138$71$51
48 years$810$457$246$128$65$46
49 years$784$437$231$118$59$41
50 years$760$417$217$109$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $778,000, adding $6,975 every year, while hoping to spend $49,467 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: 62/24/14 Blend
63$778,000$778,000$778,000$778,000
64$864,551$823,317$811,258$914,781
65$900,102$811,027$785,802$937,062
66$937,622$796,477$757,836$955,120
67$977,259$779,503$727,223$973,635
68$1,019,175$759,934$693,821$992,654
69$1,063,547$737,587$657,479$1,012,232
70$1,110,568$712,268$618,044$1,032,427
71$1,160,448$683,772$575,351$1,053,311
72$1,213,420$651,882$529,231$1,074,961
73$1,269,735$616,371$479,507$1,097,466
74$1,329,669$576,994$425,991$1,120,928
75$1,393,525$533,496$368,491$1,145,461
76$1,461,633$485,606$306,805$1,171,193
77$1,534,356$433,038$240,719$1,198,270
78$1,612,091$375,488$170,015$1,226,855
79$1,695,275$312,636$94,460$1,257,131
80$1,784,383$244,146$13,815$1,289,306
81$1,879,941$169,660$0$1,323,611
82$1,982,523$88,801$0$1,371,099
83$2,092,759$1,171$0$1,424,172
84$2,211,341$0$0$1,481,132
85$2,339,030$0$0$1,567,119
86$2,476,661$0$0$1,660,177
87$2,625,150$0$0$1,760,623
88$2,785,505$0$0$1,869,145
89$2,958,833$0$0$1,986,498
90$3,146,350$0$0$2,113,511
91$3,349,394$0$0$2,251,099
92$3,569,435$0$0$2,400,263
93$3,808,090$0$0$2,562,109
94$4,067,136$0$0$2,737,848
95$4,348,530$0$0$2,928,817
96$4,654,423$0$0$3,136,483
97$4,987,180$0$0$3,362,463
98$5,349,406$0$0$3,608,533
99$5,743,965$0$0$3,876,650
100$6,174,010$0$0$4,168,967