Can I retire at age 64 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$65,155$64,575$64,008$63,456$62,916$62,651
2 years$32,255$31,654$31,072$30,508$29,960$29,692
3 years$21,290$20,686$20,106$19,546$19,008$18,746
4 years$15,808$15,207$14,632$14,082$13,557$13,302
5 years$12,520$11,922$11,355$10,816$10,305$10,060
6 years$10,329$9,735$9,176$8,650$8,154$7,918
7 years$8,764$8,176$7,626$7,112$6,632$6,404
8 years$7,591$7,008$6,467$5,966$5,502$5,283
9 years$6,679$6,102$5,570$5,082$4,633$4,423
10 years$5,950$5,378$4,856$4,380$3,948$3,747
11 years$5,354$4,788$4,275$3,812$3,395$3,203
12 years$4,858$4,298$3,794$3,344$2,942$2,758
13 years$4,438$3,884$3,390$2,952$2,566$2,390
14 years$4,079$3,530$3,046$2,621$2,249$2,082
15 years$3,768$3,225$2,750$2,337$1,980$1,821
16 years$3,496$2,959$2,493$2,093$1,750$1,599
17 years$3,256$2,725$2,269$1,880$1,552$1,408
18 years$3,043$2,518$2,071$1,694$1,380$1,243
19 years$2,853$2,334$1,896$1,531$1,230$1,100
20 years$2,682$2,169$1,740$1,387$1,098$976
21 years$2,527$2,020$1,600$1,258$983$867
22 years$2,387$1,885$1,475$1,144$881$771
23 years$2,259$1,763$1,362$1,042$791$687
24 years$2,142$1,652$1,260$950$711$613
25 years$2,034$1,551$1,167$868$640$548
26 years$1,935$1,457$1,082$794$576$489
27 years$1,843$1,371$1,005$726$520$438
28 years$1,759$1,292$934$666$469$392
29 years$1,680$1,219$869$610$423$351
30 years$1,606$1,151$810$560$382$315
31 years$1,537$1,088$755$514$346$282
32 years$1,473$1,030$704$473$313$253
33 years$1,413$975$658$435$283$227
34 years$1,356$924$614$400$256$204
35 years$1,303$877$574$368$232$183
36 years$1,253$832$537$339$210$165
37 years$1,206$790$503$312$191$148
38 years$1,161$751$471$288$173$133
39 years$1,119$714$441$266$157$120
40 years$1,079$680$414$245$142$108
41 years$1,041$647$388$226$129$97
42 years$1,005$616$364$209$117$87
43 years$970$587$341$193$106$78
44 years$937$560$320$178$96$71
45 years$906$534$301$164$88$63
46 years$877$509$283$152$79$57
47 years$848$486$265$140$72$51
48 years$821$464$249$129$66$46
49 years$795$443$234$120$60$42
50 years$770$423$220$111$54$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $789,000, adding $3,019 every year, while hoping to spend $24,307 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: 53/23/24 Blend
63$789,000$789,000$789,000$789,000
64$872,592$830,775$818,546$912,891
65$935,734$845,621$820,104$955,864
66$1,004,502$860,379$820,901$999,846
67$1,079,444$875,020$820,884$1,047,207
68$1,161,162$889,512$819,999$1,098,276
69$1,250,323$903,819$818,190$1,153,420
70$1,347,655$917,906$815,399$1,213,042
71$1,453,964$931,731$811,563$1,277,587
72$1,570,135$945,253$806,617$1,347,545
73$1,697,143$958,425$800,494$1,423,459
74$1,836,062$971,198$793,121$1,505,926
75$1,988,074$983,521$784,424$1,595,605
76$2,154,480$995,336$774,324$1,693,223
77$2,336,714$1,006,584$762,741$1,799,583
78$2,536,354$1,017,201$749,588$1,915,570
79$2,755,137$1,027,120$734,774$2,042,161
80$2,994,979$1,036,266$718,207$2,180,433
81$3,257,988$1,044,564$699,788$2,331,574
82$3,546,485$1,051,930$679,413$2,496,896
83$3,863,029$1,058,277$656,976$2,677,844
84$4,210,437$1,063,511$632,363$2,876,013
85$4,591,811$1,067,534$605,457$3,093,163
86$5,010,571$1,070,238$576,135$3,331,235
87$5,470,482$1,071,512$544,269$3,592,368
88$5,975,692$1,071,237$509,722$3,878,924
89$6,530,771$1,069,286$472,357$4,193,506
90$7,140,753$1,065,525$432,024$4,538,987
91$7,811,184$1,059,810$388,571$4,918,532
92$8,548,175$1,051,990$341,838$5,335,634
93$9,358,457$1,041,906$291,657$5,794,145
94$10,249,445$1,029,385$237,854$6,298,313
95$11,229,313$1,014,249$180,246$6,852,820
96$12,307,060$996,305$118,642$7,462,831
97$13,492,608$975,351$52,844$8,134,042
98$14,796,884$951,173$0$8,872,733
99$16,231,928$923,543$0$9,690,276
100$17,811,009$892,220$0$10,604,588