Can I retire at age 64 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$64,825$64,247$63,684$63,134$62,597$61,892
2 years$32,091$31,494$30,914$30,353$29,808$29,098
3 years$21,182$20,581$20,004$19,447$18,911$18,219
4 years$15,728$15,130$14,558$14,011$13,488$12,818
5 years$12,457$11,862$11,297$10,762$10,253$9,608
6 years$10,276$9,686$9,130$8,606$8,113$7,493
7 years$8,720$8,134$7,587$7,076$6,598$6,004
8 years$7,553$6,973$6,434$5,936$5,474$4,905
9 years$6,646$6,071$5,542$5,056$4,610$4,066
10 years$5,920$5,351$4,832$4,358$3,928$3,409
11 years$5,327$4,764$4,254$3,793$3,378$2,884
12 years$4,833$4,276$3,775$3,327$2,927$2,458
13 years$4,416$3,864$3,373$2,937$2,553$2,106
14 years$4,058$3,512$3,030$2,607$2,238$1,814
15 years$3,749$3,209$2,736$2,325$1,970$1,569
16 years$3,478$2,944$2,481$2,082$1,741$1,362
17 years$3,239$2,711$2,257$1,871$1,544$1,185
18 years$3,027$2,505$2,061$1,686$1,373$1,034
19 years$2,838$2,322$1,886$1,523$1,224$904
20 years$2,668$2,158$1,731$1,380$1,093$792
21 years$2,514$2,010$1,592$1,252$978$695
22 years$2,375$1,876$1,468$1,138$877$610
23 years$2,247$1,755$1,355$1,037$787$537
24 years$2,131$1,644$1,253$946$707$473
25 years$2,024$1,543$1,161$864$636$417
26 years$1,925$1,450$1,077$790$573$368
27 years$1,834$1,365$1,000$723$517$324
28 years$1,750$1,286$929$662$466$286
29 years$1,671$1,213$865$607$421$253
30 years$1,598$1,146$806$557$381$224
31 years$1,530$1,083$751$512$344$198
32 years$1,466$1,025$701$470$311$175
33 years$1,406$970$654$433$282$155
34 years$1,350$920$611$398$255$137
35 years$1,297$872$571$366$231$122
36 years$1,247$828$535$337$209$108
37 years$1,200$786$500$311$190$95
38 years$1,155$747$469$287$172$85
39 years$1,113$711$439$264$156$75
40 years$1,073$676$411$244$141$66
41 years$1,035$644$386$225$128$59
42 years$999$613$362$208$116$52
43 years$965$584$340$192$106$46
44 years$933$557$319$177$96$41
45 years$902$531$299$163$87$36
46 years$872$506$281$151$79$32
47 years$844$483$264$139$72$29
48 years$817$461$248$129$65$25
49 years$791$441$233$119$59$23
50 years$766$421$219$110$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $785,000, adding $3,729 every year, while hoping to spend $29,756 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: 45/31/24 Blend
63$785,000$785,000$785,000$785,000
64$868,916$827,311$815,144$901,851
65$925,886$836,190$810,791$934,365
66$987,669$844,505$805,295$966,413
67$1,054,725$852,200$798,586$1,000,575
68$1,127,559$859,211$790,592$1,037,064
69$1,206,729$865,470$781,235$1,076,114
70$1,292,844$870,907$770,435$1,117,986
71$1,386,579$875,446$758,110$1,162,969
72$1,488,673$879,007$744,170$1,211,380
73$1,599,942$881,502$728,523$1,263,575
74$1,721,282$882,842$711,075$1,319,944
75$1,853,681$882,929$691,724$1,380,919
76$1,998,224$881,660$670,364$1,446,982
77$2,156,108$878,926$646,886$1,518,661
78$2,328,649$874,612$621,175$1,596,544
79$2,517,296$868,593$593,110$1,681,279
80$2,723,647$860,740$562,565$1,773,584
81$2,949,457$850,914$529,409$1,874,254
82$3,196,661$838,969$493,504$1,984,165
83$3,467,391$824,749$454,707$2,104,289
84$3,763,992$808,089$412,867$2,235,699
85$4,089,048$788,815$367,827$2,379,579
86$4,445,406$766,742$319,424$2,537,242
87$4,836,200$741,674$267,487$2,710,134
88$5,264,882$713,405$211,837$2,899,858
89$5,735,254$681,716$152,288$3,108,180
90$6,251,504$646,375$88,644$3,337,055
91$6,818,246$607,136$20,703$3,588,640
92$7,440,563$563,741$0$3,865,319
93$8,124,052$515,916$0$4,182,989
94$8,874,880$463,371$0$4,537,813
95$9,699,841$405,799$0$4,927,750
96$10,606,419$342,878$0$5,356,409
97$11,602,860$274,265$0$5,827,765
98$12,698,247$199,599$0$6,346,206
99$13,902,589$118,500$0$6,916,569
100$15,226,910$30,564$0$7,544,192