Can I retire at age 64 with 782,000?

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 $782,000?

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%
1 years$64,577$64,002$63,440$62,893$62,358$62,069
2 years$31,969$31,373$30,796$30,237$29,694$29,403
3 years$21,101$20,503$19,927$19,373$18,839$18,554
4 years$15,668$15,072$14,502$13,957$13,436$13,160
5 years$12,409$11,816$11,254$10,720$10,214$9,947
6 years$10,237$9,649$9,095$8,573$8,082$7,824
7 years$8,686$8,103$7,558$7,049$6,573$6,325
8 years$7,524$6,946$6,410$5,913$5,453$5,215
9 years$6,620$6,048$5,521$5,036$4,592$4,364
10 years$5,898$5,331$4,813$4,341$3,913$3,694
11 years$5,307$4,746$4,237$3,778$3,365$3,156
12 years$4,815$4,259$3,761$3,314$2,916$2,716
13 years$4,399$3,849$3,360$2,926$2,543$2,352
14 years$4,043$3,499$3,019$2,597$2,229$2,047
15 years$3,734$3,196$2,726$2,316$1,963$1,790
16 years$3,465$2,933$2,471$2,074$1,735$1,570
17 years$3,227$2,701$2,249$1,863$1,538$1,382
18 years$3,016$2,496$2,053$1,679$1,368$1,219
19 years$2,827$2,313$1,879$1,517$1,219$1,078
20 years$2,658$2,149$1,725$1,374$1,089$956
21 years$2,505$2,002$1,586$1,247$974$848
22 years$2,366$1,869$1,462$1,134$873$754
23 years$2,239$1,748$1,350$1,033$784$672
24 years$2,123$1,638$1,248$942$705$599
25 years$2,016$1,537$1,156$860$634$534
26 years$1,918$1,444$1,072$787$571$477
27 years$1,827$1,359$996$720$515$427
28 years$1,743$1,281$926$660$465$382
29 years$1,665$1,208$861$605$420$342
30 years$1,592$1,141$802$555$379$306
31 years$1,524$1,079$748$510$343$274
32 years$1,460$1,021$698$469$310$246
33 years$1,400$967$652$431$281$220
34 years$1,344$916$609$396$254$198
35 years$1,292$869$569$365$230$178
36 years$1,242$825$533$336$208$159
37 years$1,195$783$498$310$189$143
38 years$1,151$744$467$285$171$129
39 years$1,109$708$437$263$155$115
40 years$1,069$674$410$243$141$104
41 years$1,031$641$384$224$128$93
42 years$996$611$361$207$116$84
43 years$962$582$338$191$105$75
44 years$929$555$318$176$96$68
45 years$898$529$298$163$87$61
46 years$869$504$280$150$79$55
47 years$841$481$263$139$72$49
48 years$814$460$247$128$65$44
49 years$788$439$232$119$59$40
50 years$764$419$219$110$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $782,000, adding $3,957 every year, while hoping to spend $37,055 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: 57/26/17 Blend
63$782,000$782,000$782,000$782,000
64$865,846$824,400$812,279$911,120
65$914,736$825,369$800,064$943,279
66$967,371$825,144$786,198$973,939
67$1,024,093$823,627$770,586$1,006,510
68$1,085,280$820,714$753,130$1,041,184
69$1,151,345$816,295$733,726$1,078,172
70$1,222,743$810,254$712,267$1,117,709
71$1,299,972$802,467$688,638$1,160,056
72$1,383,584$792,802$662,721$1,205,501
73$1,474,181$781,120$634,394$1,254,364
74$1,572,427$767,275$603,525$1,306,998
75$1,679,052$751,109$569,981$1,363,797
76$1,794,859$732,457$533,620$1,425,194
77$1,920,732$711,145$494,293$1,491,672
78$2,057,643$686,987$451,848$1,563,762
79$2,206,659$659,786$406,121$1,642,055
80$2,368,958$629,335$356,946$1,727,203
81$2,545,833$595,415$304,146$1,819,929
82$2,738,711$557,792$247,537$1,921,032
83$2,949,157$516,222$186,928$2,031,396
84$3,178,899$470,445$122,117$2,152,000
85$3,429,835$420,185$52,897$2,283,926
86$3,704,058$365,154$0$2,428,369
87$4,003,870$305,044$0$2,590,457
88$4,331,805$239,531$0$2,778,335
89$4,690,655$168,275$0$2,984,057
90$5,083,493$90,912$0$3,209,455
91$5,513,705$7,061$0$3,456,552
92$5,985,016$0$0$3,727,577
93$6,501,532$0$0$4,048,934
94$7,067,773$0$0$4,403,512
95$7,688,717$0$0$4,792,417
96$8,369,849$0$0$5,219,092
97$9,117,208$0$0$5,687,330
98$9,937,447$0$0$6,201,309
99$10,837,895$0$0$6,765,631
100$11,826,623$0$0$7,385,365