Can I retire at age 64 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$64,329$63,756$63,197$62,651$62,119$61,241
2 years$31,846$31,253$30,678$30,121$29,580$28,698
3 years$21,020$20,424$19,851$19,299$18,767$17,907
4 years$15,608$15,014$14,446$13,904$13,385$12,554
5 years$12,361$11,771$11,211$10,679$10,175$9,376
6 years$10,198$9,612$9,060$8,540$8,051$7,284
7 years$8,653$8,072$7,529$7,021$6,548$5,814
8 years$7,495$6,919$6,385$5,890$5,432$4,731
9 years$6,595$6,025$5,500$5,017$4,574$3,906
10 years$5,875$5,310$4,795$4,325$3,898$3,261
11 years$5,286$4,727$4,221$3,764$3,352$2,747
12 years$4,796$4,243$3,746$3,301$2,905$2,330
13 years$4,382$3,835$3,347$2,915$2,533$1,988
14 years$4,027$3,485$3,007$2,587$2,221$1,704
15 years$3,720$3,184$2,715$2,307$1,955$1,467
16 years$3,451$2,921$2,462$2,066$1,728$1,267
17 years$3,215$2,690$2,240$1,856$1,532$1,097
18 years$3,004$2,486$2,045$1,673$1,362$952
19 years$2,816$2,304$1,872$1,512$1,214$828
20 years$2,648$2,141$1,718$1,369$1,085$722
21 years$2,495$1,994$1,580$1,243$971$630
22 years$2,356$1,862$1,456$1,130$870$551
23 years$2,230$1,741$1,345$1,029$781$482
24 years$2,115$1,631$1,244$938$702$422
25 years$2,008$1,531$1,152$857$632$370
26 years$1,911$1,439$1,068$784$569$324
27 years$1,820$1,354$992$717$513$285
28 years$1,736$1,276$922$657$463$250
29 years$1,658$1,204$858$603$418$220
30 years$1,586$1,137$799$553$378$193
31 years$1,518$1,075$745$508$341$170
32 years$1,455$1,017$695$467$309$149
33 years$1,395$963$649$429$279$131
34 years$1,339$913$607$395$253$116
35 years$1,287$866$567$364$229$102
36 years$1,237$822$531$335$208$90
37 years$1,191$780$497$309$188$79
38 years$1,146$742$465$284$171$70
39 years$1,105$705$436$262$155$61
40 years$1,065$671$408$242$140$54
41 years$1,027$639$383$223$127$48
42 years$992$608$359$206$116$42
43 years$958$580$337$190$105$37
44 years$926$552$316$176$95$33
45 years$895$527$297$162$86$29
46 years$865$503$279$150$78$25
47 years$837$480$262$138$71$22
48 years$811$458$246$128$65$20
49 years$785$437$232$118$59$17
50 years$761$418$218$109$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $779,000, adding $4,340 every year, while hoping to spend $46,553 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: 75/17/8 Blend
63$779,000$779,000$779,000$779,000
64$862,935$821,648$809,573$926,284
65$901,422$812,376$787,162$959,313
66$942,275$801,091$762,440$989,158
67$985,685$787,642$735,280$1,020,534
68$1,031,863$771,875$705,550$1,053,575
69$1,081,039$753,623$673,111$1,088,432
70$1,133,464$732,710$637,820$1,125,269
71$1,189,415$708,950$599,524$1,164,269
72$1,249,194$682,147$558,067$1,205,632
73$1,313,131$652,091$513,281$1,249,584
74$1,381,590$618,564$464,996$1,296,369
75$1,454,970$581,331$413,031$1,346,261
76$1,533,707$540,145$357,197$1,399,563
77$1,618,280$494,748$297,298$1,456,606
78$1,709,216$444,862$233,129$1,517,761
79$1,807,092$390,196$164,475$1,583,435
80$1,912,543$330,443$91,113$1,654,080
81$2,026,266$265,278$12,808$1,730,194
82$2,149,025$194,358$0$1,812,329
83$2,281,663$117,318$0$1,907,134
84$2,425,102$33,777$0$2,010,802
85$2,580,361$0$0$2,123,007
86$2,748,554$0$0$2,255,197
87$2,930,910$0$0$2,405,395
88$3,128,780$0$0$2,568,399
89$3,343,648$0$0$2,745,435
90$3,577,149$0$0$2,937,853
91$3,831,078$0$0$3,147,138
92$4,107,414$0$0$3,374,924
93$4,408,332$0$0$3,623,006
94$4,736,225$0$0$3,893,365
95$5,093,727$0$0$4,188,175
96$5,483,739$0$0$4,509,833
97$5,909,451$0$0$4,860,976
98$6,374,376$0$0$5,244,507
99$6,882,382$0$0$5,663,621
100$7,437,726$0$0$6,121,835