Can I retire at age 64 with 786,000?

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 $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%16.5%
1 years$64,907$64,329$63,765$63,214$62,677$61,013
2 years$32,132$31,534$30,954$30,392$29,846$28,182
3 years$21,209$20,608$20,029$19,472$18,936$17,322
4 years$15,748$15,149$14,576$14,029$13,505$11,955
5 years$12,472$11,877$11,312$10,775$10,266$8,785
6 years$10,289$9,698$9,142$8,617$8,123$6,711
7 years$8,731$8,145$7,597$7,085$6,606$5,264
8 years$7,562$6,981$6,443$5,943$5,481$4,207
9 years$6,654$6,079$5,549$5,062$4,616$3,409
10 years$5,928$5,358$4,838$4,364$3,933$2,792
11 years$5,334$4,770$4,259$3,798$3,382$2,306
12 years$4,839$4,281$3,780$3,331$2,931$1,917
13 years$4,421$3,869$3,377$2,941$2,556$1,603
14 years$4,063$3,517$3,034$2,611$2,240$1,345
15 years$3,753$3,213$2,740$2,328$1,973$1,133
16 years$3,482$2,948$2,484$2,085$1,743$958
17 years$3,243$2,715$2,260$1,873$1,546$811
18 years$3,031$2,508$2,063$1,688$1,375$688
19 years$2,842$2,325$1,889$1,525$1,225$585
20 years$2,671$2,160$1,733$1,381$1,094$498
21 years$2,517$2,012$1,594$1,254$979$425
22 years$2,378$1,878$1,469$1,140$878$362
23 years$2,250$1,757$1,357$1,038$788$309
24 years$2,134$1,646$1,255$947$708$264
25 years$2,026$1,545$1,162$865$637$226
26 years$1,928$1,452$1,078$791$574$194
27 years$1,836$1,366$1,001$724$518$166
28 years$1,752$1,287$930$663$467$142
29 years$1,673$1,215$866$608$422$122
30 years$1,600$1,147$807$558$381$104
31 years$1,532$1,084$752$512$344$89
32 years$1,468$1,026$702$471$312$77
33 years$1,408$972$655$433$282$66
34 years$1,351$921$612$399$255$56
35 years$1,298$873$572$367$231$48
36 years$1,248$829$535$338$210$41
37 years$1,201$787$501$311$190$36
38 years$1,157$748$469$287$172$30
39 years$1,115$712$440$265$156$26
40 years$1,075$677$412$244$142$22
41 years$1,037$644$386$225$128$19
42 years$1,001$614$362$208$117$17
43 years$966$585$340$192$106$14
44 years$934$557$319$177$96$12
45 years$903$532$300$164$87$10
46 years$873$507$282$151$79$9
47 years$845$484$264$140$72$8
48 years$818$462$249$129$65$7
49 years$792$441$234$119$59$6
50 years$767$421$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $786,000, adding $3,472 every year, while hoping to spend $24,454 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: 58/36/6 Blend
63$786,000$786,000$786,000$786,000
64$869,753$828,095$815,912$918,946
65$932,449$842,653$817,227$966,931
66$1,000,721$857,105$817,765$1,016,122
67$1,075,110$871,419$817,476$1,069,124
68$1,156,216$885,563$816,306$1,126,300
69$1,244,694$899,500$814,197$1,188,056
70$1,341,270$913,192$811,089$1,254,834
71$1,446,739$926,598$806,920$1,327,125
72$1,561,979$939,674$801,625$1,405,469
73$1,687,955$952,372$795,133$1,490,461
74$1,825,730$964,642$787,374$1,582,757
75$1,976,475$976,430$778,271$1,683,079
76$2,141,478$987,677$767,746$1,792,225
77$2,322,158$998,323$755,715$1,911,074
78$2,520,079$1,008,302$742,092$2,040,595
79$2,736,961$1,017,543$726,786$2,181,854
80$2,974,700$1,025,971$709,703$2,336,031
81$3,235,383$1,033,507$690,741$2,504,422
82$3,521,310$1,040,067$669,799$2,688,460
83$3,835,012$1,045,559$646,766$2,889,721
84$4,179,280$1,049,888$621,529$3,109,946
85$4,557,186$1,052,952$593,970$3,351,053
86$4,972,114$1,054,642$563,963$3,615,156
87$5,427,793$1,054,842$531,379$3,904,587
88$5,928,330$1,053,431$496,082$4,221,916
89$6,478,248$1,050,279$457,930$4,569,977
90$7,082,534$1,045,246$416,774$4,951,896
91$7,746,676$1,038,187$372,460$5,371,116
92$8,476,726$1,028,947$324,826$5,831,435
93$9,279,347$1,017,360$273,703$6,337,042
94$10,161,882$1,003,253$218,914$6,892,552
95$11,132,421$986,439$160,274$7,503,055
96$12,199,877$966,724$97,593$8,174,162
97$13,374,070$943,899$30,667$8,912,058
98$14,665,819$917,744$0$9,723,564
99$16,087,046$888,027$0$10,618,806
100$17,650,886$854,501$0$11,605,728