Can I retire at age 64 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,990$64,411$63,846$63,295$62,756$61,998
2 years$32,173$31,574$30,993$30,430$29,884$29,121
3 years$21,236$20,634$20,055$19,497$18,960$18,215
4 years$15,768$15,168$14,595$14,046$13,522$12,802
5 years$12,488$11,892$11,326$10,789$10,279$9,586
6 years$10,303$9,711$9,153$8,628$8,134$7,468
7 years$8,742$8,155$7,606$7,094$6,615$5,977
8 years$7,572$6,990$6,451$5,951$5,488$4,878
9 years$6,662$6,086$5,556$5,069$4,621$4,039
10 years$5,935$5,365$4,844$4,369$3,938$3,382
11 years$5,341$4,776$4,264$3,803$3,387$2,858
12 years$4,846$4,287$3,785$3,335$2,935$2,432
13 years$4,427$3,874$3,381$2,945$2,559$2,082
14 years$4,068$3,521$3,038$2,614$2,243$1,791
15 years$3,758$3,217$2,743$2,331$1,975$1,546
16 years$3,487$2,951$2,487$2,087$1,746$1,340
17 years$3,248$2,718$2,263$1,875$1,548$1,165
18 years$3,035$2,512$2,066$1,690$1,376$1,015
19 years$2,845$2,328$1,891$1,527$1,227$886
20 years$2,675$2,163$1,736$1,383$1,096$775
21 years$2,521$2,015$1,596$1,255$981$679
22 years$2,381$1,881$1,471$1,141$879$596
23 years$2,253$1,759$1,359$1,039$789$523
24 years$2,136$1,648$1,256$948$709$460
25 years$2,029$1,547$1,164$866$638$405
26 years$1,930$1,454$1,079$792$575$356
27 years$1,839$1,368$1,002$725$518$314
28 years$1,754$1,289$932$664$468$277
29 years$1,675$1,216$867$609$422$244
30 years$1,602$1,148$808$559$382$216
31 years$1,534$1,086$753$513$345$190
32 years$1,469$1,027$702$472$312$168
33 years$1,409$973$656$434$282$149
34 years$1,353$922$613$399$256$131
35 years$1,300$875$573$367$232$116
36 years$1,250$830$536$338$210$103
37 years$1,203$788$502$312$190$91
38 years$1,158$749$470$287$172$80
39 years$1,116$712$440$265$156$71
40 years$1,076$678$413$244$142$63
41 years$1,038$645$387$225$129$56
42 years$1,002$614$363$208$117$49
43 years$968$585$340$192$106$44
44 years$935$558$320$177$96$39
45 years$904$532$300$164$87$34
46 years$874$508$282$151$79$30
47 years$846$484$265$140$72$27
48 years$819$463$249$129$65$24
49 years$793$442$234$119$59$21
50 years$768$422$220$110$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $787,000, adding $3,618 every year, while hoping to spend $36,865 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: 67/10/23 Blend
63$787,000$787,000$787,000$787,000
64$871,006$829,295$817,096$924,017
65$920,625$830,706$805,245$961,461
66$974,069$830,951$791,761$997,841
67$1,031,689$829,934$776,551$1,036,766
68$1,093,873$827,552$759,517$1,078,486
69$1,161,043$823,697$740,556$1,123,279
70$1,233,666$818,255$719,561$1,171,451
71$1,312,254$811,103$696,420$1,223,341
72$1,397,369$802,112$671,015$1,279,324
73$1,489,631$791,146$643,225$1,339,812
74$1,589,720$778,059$612,919$1,405,264
75$1,698,385$762,697$579,966$1,476,183
76$1,816,449$744,898$544,223$1,553,127
77$1,944,817$724,489$505,545$1,636,712
78$2,084,487$701,287$463,779$1,727,619
79$2,236,553$675,099$418,765$1,826,598
80$2,402,223$645,720$370,335$1,934,480
81$2,582,824$612,934$318,315$2,052,179
82$2,779,817$576,513$262,523$2,180,709
83$2,994,810$536,213$202,769$2,321,184
84$3,229,572$491,780$138,854$2,474,840
85$3,486,053$442,942$70,570$2,643,036
86$3,766,398$389,413$0$2,827,275
87$4,072,968$330,892$0$3,029,781
88$4,408,364$267,059$0$3,270,338
89$4,775,449$197,576$0$3,533,687
90$5,177,375$122,088$0$3,822,119
91$5,617,615$40,218$0$4,138,157
92$6,099,992$0$0$4,484,582
93$6,628,717$0$0$4,869,789
94$7,208,428$0$0$5,297,042
95$7,844,232$0$0$5,765,687
96$8,541,755$0$0$6,279,876
97$9,307,194$0$0$6,844,185
98$10,147,375$0$0$7,463,651
99$11,069,815$0$0$8,143,826
100$12,082,798$0$0$8,890,824