Can I retire at age 64 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$65,072$64,493$63,927$63,375$62,836$60,415
2 years$32,214$31,614$31,033$30,469$29,922$27,511
3 years$21,263$20,660$20,080$19,522$18,984$16,660
4 years$15,788$15,187$14,613$14,064$13,539$11,320
5 years$12,504$11,907$11,340$10,803$10,292$8,183
6 years$10,316$9,723$9,165$8,639$8,144$6,146
7 years$8,753$8,165$7,616$7,103$6,623$4,736
8 years$7,582$6,999$6,459$5,958$5,495$3,716
9 years$6,671$6,094$5,563$5,075$4,627$2,955
10 years$5,943$5,372$4,850$4,375$3,943$2,374
11 years$5,348$4,782$4,270$3,807$3,391$1,922
12 years$4,852$4,292$3,789$3,340$2,938$1,565
13 years$4,433$3,879$3,386$2,948$2,562$1,281
14 years$4,074$3,526$3,042$2,617$2,246$1,052
15 years$3,763$3,221$2,746$2,334$1,978$867
16 years$3,491$2,955$2,490$2,090$1,748$716
17 years$3,252$2,721$2,266$1,878$1,550$593
18 years$3,039$2,515$2,068$1,692$1,378$492
19 years$2,849$2,331$1,894$1,529$1,228$409
20 years$2,678$2,166$1,738$1,385$1,097$340
21 years$2,524$2,017$1,598$1,257$982$283
22 years$2,384$1,883$1,473$1,143$880$235
23 years$2,256$1,761$1,360$1,041$790$196
24 years$2,139$1,650$1,258$949$710$164
25 years$2,032$1,549$1,165$867$639$136
26 years$1,933$1,455$1,081$793$576$114
27 years$1,841$1,370$1,003$726$519$95
28 years$1,756$1,291$933$665$468$79
29 years$1,677$1,218$868$610$423$66
30 years$1,604$1,150$809$559$382$55
31 years$1,535$1,087$754$514$345$46
32 years$1,471$1,029$703$472$312$39
33 years$1,411$974$657$434$283$32
34 years$1,355$923$614$400$256$27
35 years$1,302$876$574$368$232$23
36 years$1,252$831$537$339$210$19
37 years$1,204$789$502$312$190$16
38 years$1,160$750$470$288$173$13
39 years$1,117$713$441$265$157$11
40 years$1,077$679$413$245$142$9
41 years$1,039$646$387$226$129$8
42 years$1,003$615$363$208$117$6
43 years$969$586$341$192$106$5
44 years$936$559$320$178$96$5
45 years$905$533$300$164$87$4
46 years$875$508$282$151$79$3
47 years$847$485$265$140$72$3
48 years$820$463$249$129$65$2
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $788,000, adding $3,998 every year, while hoping to spend $38,008 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: 49/32/19 Blend
63$788,000$788,000$788,000$788,000
64$872,500$830,736$818,522$910,426
65$921,055$831,002$805,502$937,387
66$973,288$830,007$790,772$962,457
67$1,029,536$827,649$774,235$988,886
68$1,090,165$823,820$755,789$1,016,814
69$1,155,580$818,406$735,326$1,046,402
70$1,226,225$811,284$712,736$1,077,827
71$1,302,589$802,326$687,901$1,111,285
72$1,385,208$791,394$660,700$1,146,997
73$1,474,671$778,344$631,005$1,185,208
74$1,571,626$763,022$598,683$1,226,189
75$1,676,787$745,265$563,594$1,270,244
76$1,790,937$724,901$525,592$1,317,710
77$1,914,939$701,748$484,526$1,368,961
78$2,049,741$675,611$440,236$1,424,414
79$2,196,386$646,288$392,555$1,484,531
80$2,356,022$613,561$341,311$1,549,825
81$2,529,913$577,202$286,321$1,620,865
82$2,719,448$536,969$227,397$1,698,285
83$2,926,158$492,607$164,341$1,782,786
84$3,151,726$443,844$96,946$1,875,146
85$3,398,005$390,396$24,997$1,976,228
86$3,667,037$331,960$0$2,086,987
87$3,961,066$268,218$0$2,218,983
88$4,282,566$198,831$0$2,368,982
89$4,634,259$123,446$0$2,533,260
90$5,019,143$41,684$0$2,713,311
91$5,440,520$0$0$2,910,783
92$5,902,024$0$0$3,143,995
93$6,407,658$0$0$3,415,674
94$6,961,831$0$0$3,713,520
95$7,569,398$0$0$4,040,154
96$8,235,708$0$0$4,398,461
97$8,966,649$0$0$4,791,622
98$9,768,709$0$0$5,223,138
99$10,649,035$0$0$5,696,866
100$11,615,497$0$0$6,217,054