Can I retire at age 64 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$64,494$63,920$63,359$62,812$62,278$60,921
2 years$31,928$31,333$30,757$30,198$29,656$28,296
3 years$21,074$20,477$19,902$19,348$18,815$17,494
4 years$15,648$15,052$14,483$13,939$13,419$12,147
5 years$12,393$11,801$11,240$10,707$10,201$8,982
6 years$10,224$9,637$9,083$8,562$8,072$6,907
7 years$8,675$8,093$7,548$7,040$6,564$5,454
8 years$7,514$6,937$6,402$5,905$5,446$4,390
9 years$6,612$6,040$5,514$5,030$4,586$3,583
10 years$5,890$5,324$4,807$4,336$3,908$2,957
11 years$5,300$4,740$4,232$3,774$3,361$2,461
12 years$4,809$4,254$3,756$3,310$2,912$2,062
13 years$4,393$3,844$3,356$2,922$2,540$1,737
14 years$4,037$3,494$3,015$2,594$2,226$1,471
15 years$3,729$3,192$2,722$2,313$1,960$1,249
16 years$3,460$2,929$2,468$2,071$1,732$1,065
17 years$3,223$2,697$2,246$1,861$1,536$909
18 years$3,012$2,492$2,050$1,677$1,366$779
19 years$2,824$2,310$1,877$1,516$1,217$668
20 years$2,654$2,147$1,722$1,373$1,087$574
21 years$2,501$1,999$1,584$1,246$973$494
22 years$2,363$1,866$1,460$1,133$872$425
23 years$2,236$1,746$1,348$1,032$783$367
24 years$2,120$1,636$1,247$941$704$316
25 years$2,014$1,535$1,155$859$633$273
26 years$1,915$1,443$1,071$786$570$236
27 years$1,825$1,358$995$719$514$204
28 years$1,741$1,279$925$659$464$176
29 years$1,663$1,207$860$604$419$153
30 years$1,590$1,140$801$554$379$132
31 years$1,522$1,077$747$509$342$114
32 years$1,458$1,019$697$468$310$99
33 years$1,399$965$651$430$280$86
34 years$1,343$915$608$396$254$74
35 years$1,290$868$569$365$230$64
36 years$1,240$824$532$336$208$56
37 years$1,194$782$498$309$189$48
38 years$1,149$744$466$285$171$42
39 years$1,107$707$437$263$155$36
40 years$1,068$673$409$242$141$31
41 years$1,030$640$384$224$128$27
42 years$994$610$360$206$116$24
43 years$960$581$338$191$105$20
44 years$928$554$317$176$95$18
45 years$897$528$298$163$87$15
46 years$868$504$280$150$79$13
47 years$840$481$263$139$71$12
48 years$813$459$247$128$65$10
49 years$787$438$232$118$59$9
50 years$763$419$218$109$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $781,000, adding $3,286 every year, while hoping to spend $25,545 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: 61/9/30 Blend
63$781,000$781,000$781,000$781,000
64$864,052$822,659$810,553$909,552
65$925,005$835,789$810,527$954,102
66$991,320$848,707$809,644$999,691
67$1,063,515$861,375$807,848$1,048,929
68$1,142,164$873,752$805,081$1,102,179
69$1,227,895$885,796$801,281$1,159,840
70$1,321,402$897,462$796,386$1,222,355
71$1,423,446$908,699$790,326$1,290,210
72$1,534,868$919,455$783,032$1,363,943
73$1,656,591$929,675$774,430$1,444,147
74$1,789,632$939,298$764,442$1,531,476
75$1,935,112$948,261$752,989$1,626,652
76$2,094,263$956,495$739,984$1,730,472
77$2,268,444$963,929$725,339$1,843,813
78$2,459,148$970,485$708,961$1,967,645
79$2,668,024$976,081$690,753$2,103,036
80$2,896,882$980,630$670,614$2,251,166
81$3,147,722$984,038$648,437$2,413,335
82$3,422,740$986,206$624,110$2,590,978
83$3,724,360$987,031$597,518$2,785,678
84$4,055,249$986,399$568,539$2,999,178
85$4,418,345$984,194$537,046$3,233,404
86$4,816,885$980,288$502,906$3,490,479
87$5,254,434$974,549$465,980$3,772,743
88$5,734,918$966,834$426,123$4,082,778
89$6,262,666$956,995$383,183$4,423,432
90$6,842,441$944,871$337,003$4,797,844
91$7,479,494$930,293$287,417$5,209,476
92$8,179,609$913,084$234,252$5,662,146
93$8,949,158$893,054$177,328$6,160,063
94$9,795,160$870,002$116,457$6,707,870
95$10,725,351$843,716$51,442$7,310,685
96$11,748,249$813,971$0$7,974,150
97$12,873,244$780,530$0$8,710,230
98$14,110,679$743,139$0$9,537,989
99$15,471,950$701,535$0$10,448,579
100$16,969,613$655,434$0$11,450,412