Can I retire at age 64 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$64,659$64,083$63,522$62,973$62,438$61,378
2 years$32,010$31,413$30,836$30,276$29,732$28,668
3 years$21,128$20,529$19,953$19,398$18,863$17,827
4 years$15,688$15,091$14,520$13,975$13,453$12,454
5 years$12,425$11,832$11,268$10,734$10,227$9,267
6 years$10,250$9,661$9,107$8,584$8,092$7,173
7 years$8,697$8,114$7,568$7,058$6,581$5,702
8 years$7,533$6,955$6,418$5,920$5,460$4,621
9 years$6,629$6,055$5,528$5,043$4,598$3,800
10 years$5,905$5,338$4,819$4,347$3,918$3,159
11 years$5,314$4,752$4,243$3,783$3,369$2,649
12 years$4,821$4,265$3,765$3,318$2,920$2,237
13 years$4,404$3,854$3,364$2,930$2,546$1,900
14 years$4,048$3,503$3,023$2,601$2,232$1,621
15 years$3,739$3,200$2,729$2,319$1,965$1,389
16 years$3,469$2,936$2,474$2,077$1,737$1,193
17 years$3,231$2,704$2,252$1,866$1,540$1,028
18 years$3,020$2,499$2,055$1,682$1,369$888
19 years$2,831$2,316$1,882$1,519$1,220$769
20 years$2,661$2,152$1,727$1,376$1,090$666
21 years$2,508$2,005$1,588$1,249$976$579
22 years$2,369$1,871$1,464$1,136$874$503
23 years$2,242$1,750$1,352$1,034$785$438
24 years$2,125$1,640$1,250$943$706$381
25 years$2,019$1,539$1,158$861$635$332
26 years$1,920$1,446$1,074$788$572$290
27 years$1,829$1,361$997$721$516$253
28 years$1,745$1,283$927$661$465$221
29 years$1,667$1,210$863$606$420$193
30 years$1,594$1,143$803$556$380$169
31 years$1,526$1,080$749$511$343$147
32 years$1,462$1,022$699$469$310$129
33 years$1,402$968$653$431$281$113
34 years$1,346$917$610$397$254$99
35 years$1,293$870$570$365$230$86
36 years$1,244$826$533$337$209$76
37 years$1,197$784$499$310$189$66
38 years$1,152$745$467$286$172$58
39 years$1,110$709$438$264$156$51
40 years$1,070$674$410$243$141$44
41 years$1,033$642$385$224$128$39
42 years$997$611$361$207$116$34
43 years$963$583$339$191$105$30
44 years$930$555$318$176$96$26
45 years$899$529$299$163$87$23
46 years$870$505$280$150$79$20
47 years$842$482$263$139$72$18
48 years$815$460$248$128$65$15
49 years$789$439$233$119$59$14
50 years$764$420$219$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $783,000, adding $4,625 every year, while hoping to spend $49,999 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: 44/26/30 Blend
63$783,000$783,000$783,000$783,000
64$867,637$826,138$814,001$898,079
65$902,937$813,420$788,072$907,610
66$940,162$798,403$759,598$912,849
67$979,456$780,922$728,441$917,591
68$1,020,975$760,801$694,458$921,819
69$1,064,889$737,856$657,498$925,519
70$1,111,386$711,889$617,402$928,679
71$1,160,668$682,692$574,006$931,289
72$1,212,959$650,047$527,138$933,345
73$1,268,501$613,720$476,617$934,846
74$1,327,561$573,465$422,257$935,795
75$1,390,430$529,022$363,860$936,201
76$1,457,427$480,117$301,222$936,081
77$1,528,900$426,458$234,128$935,459
78$1,605,231$367,738$162,356$934,367
79$1,686,841$303,634$85,671$932,848
80$1,774,188$233,801$3,830$930,955
81$1,867,776$157,878$0$928,755
82$1,968,158$75,483$0$953,061
83$2,075,939$0$0$980,286
84$2,191,786$0$0$1,013,354
85$2,316,428$0$0$1,072,234
86$2,450,668$0$0$1,135,719
87$2,595,386$0$0$1,204,234
88$2,751,549$0$0$1,278,247
89$2,920,222$0$0$1,358,271
90$3,102,572$0$0$1,444,872
91$3,299,883$0$0$1,538,670
92$3,513,566$0$0$1,640,347
93$3,745,173$0$0$1,750,654
94$3,996,411$0$0$1,870,418
95$4,269,156$0$0$2,000,544
96$4,565,472$0$0$2,142,033
97$4,887,629$0$0$2,295,983
98$5,238,125$0$0$2,463,603
99$5,619,709$0$0$2,646,223
100$6,035,404$0$0$2,845,307