Can I retire at age 64 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$64,412$63,838$63,278$62,732$62,198$60,744
2 years$31,887$31,293$30,718$30,160$29,618$28,161
3 years$21,047$20,450$19,876$19,323$18,791$17,377
4 years$15,628$15,033$14,465$13,921$13,402$12,042
5 years$12,377$11,786$11,225$10,693$10,188$8,885
6 years$10,211$9,624$9,072$8,551$8,061$6,818
7 years$8,664$8,082$7,539$7,031$6,556$5,371
8 years$7,505$6,928$6,393$5,898$5,439$4,313
9 years$6,603$6,032$5,507$5,024$4,580$3,512
10 years$5,882$5,317$4,801$4,330$3,903$2,891
11 years$5,293$4,734$4,227$3,769$3,356$2,400
12 years$4,803$4,249$3,751$3,306$2,909$2,006
13 years$4,388$3,839$3,351$2,918$2,536$1,686
14 years$4,032$3,490$3,011$2,591$2,223$1,423
15 years$3,725$3,188$2,719$2,310$1,958$1,205
16 years$3,456$2,925$2,465$2,069$1,730$1,024
17 years$3,219$2,694$2,243$1,859$1,534$872
18 years$3,008$2,489$2,047$1,675$1,364$745
19 years$2,820$2,307$1,874$1,514$1,216$637
20 years$2,651$2,144$1,720$1,371$1,086$546
21 years$2,498$1,997$1,582$1,244$972$468
22 years$2,359$1,864$1,458$1,131$871$402
23 years$2,233$1,743$1,346$1,030$782$345
24 years$2,117$1,633$1,245$940$703$297
25 years$2,011$1,533$1,153$858$632$256
26 years$1,913$1,441$1,070$785$570$220
27 years$1,822$1,356$993$718$514$190
28 years$1,738$1,278$923$658$463$163
29 years$1,660$1,205$859$603$418$141
30 years$1,588$1,138$800$554$378$122
31 years$1,520$1,076$746$509$342$105
32 years$1,456$1,018$696$467$309$91
33 years$1,397$964$650$430$280$78
34 years$1,341$914$607$395$253$67
35 years$1,288$867$568$364$229$58
36 years$1,239$823$531$335$208$50
37 years$1,192$781$497$309$188$43
38 years$1,148$743$466$285$171$38
39 years$1,106$706$436$263$155$32
40 years$1,066$672$409$242$141$28
41 years$1,029$639$383$223$127$24
42 years$993$609$360$206$116$21
43 years$959$580$337$190$105$18
44 years$927$553$317$176$95$16
45 years$896$527$297$162$87$13
46 years$867$503$279$150$79$12
47 years$839$480$262$139$71$10
48 years$812$458$247$128$65$9
49 years$786$438$232$118$59$8
50 years$762$418$218$109$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $780,000, adding $2,602 every year, while hoping to spend $33,728 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: 26/45/29 Blend
63$780,000$780,000$780,000$780,000
64$862,244$820,904$808,814$876,815
65$914,307$825,242$800,023$893,393
66$970,549$828,662$789,807$908,126
67$1,031,362$831,084$778,083$923,248
68$1,097,176$832,421$764,763$938,814
69$1,168,461$832,584$749,756$954,890
70$1,245,739$831,474$732,967$971,550
71$1,329,578$828,991$714,296$988,880
72$1,420,607$825,024$693,637$1,006,977
73$1,519,517$819,458$670,882$1,025,951
74$1,627,067$812,170$645,916$1,045,928
75$1,744,093$803,032$618,618$1,067,050
76$1,871,514$791,903$588,866$1,089,478
77$2,010,341$778,640$556,526$1,113,394
78$2,161,689$763,087$521,463$1,139,003
79$2,326,783$745,079$483,533$1,166,536
80$2,506,971$724,445$442,588$1,196,252
81$2,703,739$700,999$398,471$1,228,445
82$2,918,720$674,547$351,019$1,263,441
83$3,153,714$644,885$300,063$1,301,609
84$3,410,702$611,793$245,424$1,343,359
85$3,691,864$575,042$186,917$1,389,153
86$3,999,604$534,388$124,348$1,439,505
87$4,336,564$489,574$57,515$1,494,992
88$4,705,658$440,328$0$1,556,256
89$5,110,093$386,362$0$1,628,288
90$5,553,401$327,371$0$1,726,883
91$6,039,471$263,036$0$1,835,190
92$6,572,589$193,016$0$1,954,275
93$7,157,473$116,954$0$2,085,320
94$7,799,321$34,471$0$2,229,636
95$8,503,859$0$0$2,388,674
96$9,277,394$0$0$2,591,193
97$10,126,873$0$0$2,832,476
98$11,059,949$0$0$3,097,645
99$12,085,053$0$0$3,389,113
100$13,211,472$0$0$3,709,540