Can I retire at age 64 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$64,907$64,329$63,765$63,214$62,677$61,186
2 years$32,132$31,534$30,954$30,392$29,846$28,353
3 years$21,209$20,608$20,029$19,472$18,936$17,487
4 years$15,748$15,149$14,576$14,029$13,505$12,112
5 years$12,472$11,877$11,312$10,775$10,266$8,932
6 years$10,289$9,698$9,142$8,617$8,123$6,850
7 years$8,731$8,145$7,597$7,085$6,606$5,394
8 years$7,562$6,981$6,443$5,943$5,481$4,328
9 years$6,654$6,079$5,549$5,062$4,616$3,523
10 years$5,928$5,358$4,838$4,364$3,933$2,898
11 years$5,334$4,770$4,259$3,798$3,382$2,404
12 years$4,839$4,281$3,780$3,331$2,931$2,008
13 years$4,421$3,869$3,377$2,941$2,556$1,686
14 years$4,063$3,517$3,034$2,611$2,240$1,422
15 years$3,753$3,213$2,740$2,328$1,973$1,204
16 years$3,482$2,948$2,484$2,085$1,743$1,022
17 years$3,243$2,715$2,260$1,873$1,546$870
18 years$3,031$2,508$2,063$1,688$1,375$742
19 years$2,842$2,325$1,889$1,525$1,225$635
20 years$2,671$2,160$1,733$1,381$1,094$543
21 years$2,517$2,012$1,594$1,254$979$465
22 years$2,378$1,878$1,469$1,140$878$399
23 years$2,250$1,757$1,357$1,038$788$343
24 years$2,134$1,646$1,255$947$708$295
25 years$2,026$1,545$1,162$865$637$253
26 years$1,928$1,452$1,078$791$574$218
27 years$1,836$1,366$1,001$724$518$188
28 years$1,752$1,287$930$663$467$162
29 years$1,673$1,215$866$608$422$139
30 years$1,600$1,147$807$558$381$120
31 years$1,532$1,084$752$512$344$104
32 years$1,468$1,026$702$471$312$89
33 years$1,408$972$655$433$282$77
34 years$1,351$921$612$399$255$66
35 years$1,298$873$572$367$231$57
36 years$1,248$829$535$338$210$49
37 years$1,201$787$501$311$190$43
38 years$1,157$748$469$287$172$37
39 years$1,115$712$440$265$156$32
40 years$1,075$677$412$244$142$27
41 years$1,037$644$386$225$128$24
42 years$1,001$614$362$208$117$20
43 years$966$585$340$192$106$18
44 years$934$557$319$177$96$15
45 years$903$532$300$164$87$13
46 years$873$507$282$151$79$11
47 years$845$484$264$140$72$10
48 years$818$462$249$129$65$8
49 years$792$441$234$119$59$7
50 years$767$421$220$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $786,000, adding $4,535 every year, while hoping to spend $45,242 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: 75/12/13 Blend
63$786,000$786,000$786,000$786,000
64$870,850$829,192$817,009$933,500
65$911,539$821,685$796,242$967,975
66$954,863$812,294$773,262$999,644
67$1,001,041$800,879$747,949$1,033,108
68$1,050,317$787,291$720,174$1,068,532
69$1,102,954$771,373$689,805$1,106,097
70$1,159,244$752,959$656,702$1,146,004
71$1,219,504$731,872$620,719$1,188,474
72$1,284,085$707,925$581,704$1,233,752
73$1,353,369$680,920$539,499$1,282,109
74$1,427,776$650,649$493,936$1,333,843
75$1,507,769$616,891$444,842$1,389,285
76$1,593,853$579,410$392,036$1,448,800
77$1,686,585$537,960$335,328$1,512,792
78$1,786,575$492,279$274,521$1,581,704
79$1,894,496$442,090$209,407$1,656,031
80$2,011,083$387,101$139,771$1,736,316
81$2,137,148$327,004$65,387$1,823,159
82$2,273,581$261,471$0$1,917,224
83$2,421,361$190,157$0$2,021,186
84$2,581,564$112,700$0$2,143,717
85$2,755,375$28,714$0$2,276,670
86$2,944,096$0$0$2,421,068
87$3,149,157$0$0$2,586,255
88$3,372,134$0$0$2,770,025
89$3,614,761$0$0$2,970,019
90$3,878,944$0$0$3,187,813
91$4,166,781$0$0$3,425,139
92$4,480,581$0$0$3,683,905
93$4,822,886$0$0$3,966,212
94$5,196,492$0$0$4,274,371
95$5,604,479$0$0$4,610,925
96$6,050,236$0$0$4,978,676
97$6,537,494$0$0$5,380,707
98$7,070,361$0$0$5,820,412
99$7,653,361$0$0$6,301,530
100$8,291,475$0$0$6,828,175