Can I retire at age 64 with 789,000?

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 $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%12.6%
1 years$65,155$64,575$64,008$63,456$62,916$62,233
2 years$32,255$31,654$31,072$30,508$29,960$29,272
3 years$21,290$20,686$20,106$19,546$19,008$18,337
4 years$15,808$15,207$14,632$14,082$13,557$12,907
5 years$12,520$11,922$11,355$10,816$10,305$9,680
6 years$10,329$9,735$9,176$8,650$8,154$7,553
7 years$8,764$8,176$7,626$7,112$6,632$6,055
8 years$7,591$7,008$6,467$5,966$5,502$4,950
9 years$6,679$6,102$5,570$5,082$4,633$4,106
10 years$5,950$5,378$4,856$4,380$3,948$3,445
11 years$5,354$4,788$4,275$3,812$3,395$2,916
12 years$4,858$4,298$3,794$3,344$2,942$2,486
13 years$4,438$3,884$3,390$2,952$2,566$2,132
14 years$4,079$3,530$3,046$2,621$2,249$1,838
15 years$3,768$3,225$2,750$2,337$1,980$1,590
16 years$3,496$2,959$2,493$2,093$1,750$1,381
17 years$3,256$2,725$2,269$1,880$1,552$1,203
18 years$3,043$2,518$2,071$1,694$1,380$1,050
19 years$2,853$2,334$1,896$1,531$1,230$919
20 years$2,682$2,169$1,740$1,387$1,098$806
21 years$2,527$2,020$1,600$1,258$983$707
22 years$2,387$1,885$1,475$1,144$881$622
23 years$2,259$1,763$1,362$1,042$791$547
24 years$2,142$1,652$1,260$950$711$482
25 years$2,034$1,551$1,167$868$640$425
26 years$1,935$1,457$1,082$794$576$376
27 years$1,843$1,371$1,005$726$520$332
28 years$1,759$1,292$934$666$469$293
29 years$1,680$1,219$869$610$423$259
30 years$1,606$1,151$810$560$382$229
31 years$1,537$1,088$755$514$346$203
32 years$1,473$1,030$704$473$313$180
33 years$1,413$975$658$435$283$159
34 years$1,356$924$614$400$256$141
35 years$1,303$877$574$368$232$125
36 years$1,253$832$537$339$210$111
37 years$1,206$790$503$312$191$98
38 years$1,161$751$471$288$173$87
39 years$1,119$714$441$266$157$77
40 years$1,079$680$414$245$142$69
41 years$1,041$647$388$226$129$61
42 years$1,005$616$364$209$117$54
43 years$970$587$341$193$106$48
44 years$937$560$320$178$96$43
45 years$906$534$301$164$88$38
46 years$877$509$283$152$79$34
47 years$848$486$265$140$72$30
48 years$821$464$249$129$66$26
49 years$795$443$234$120$60$23
50 years$770$423$220$111$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $789,000, adding $3,563 every year, while hoping to spend $46,824 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: 30/49/21 Blend
63$789,000$789,000$789,000$789,000
64$873,153$831,336$819,107$893,528
65$912,394$822,251$796,726$900,272
66$954,069$811,152$772,027$903,080
67$998,376$797,890$744,881$905,119
68$1,045,532$782,308$715,157$906,352
69$1,095,775$764,241$682,714$906,740
70$1,149,367$743,511$647,408$906,249
71$1,206,593$719,933$609,086$904,845
72$1,267,765$693,310$567,590$902,494
73$1,333,227$663,432$522,754$899,168
74$1,403,355$630,079$474,405$894,839
75$1,478,561$593,017$422,362$889,484
76$1,559,299$551,999$366,435$883,086
77$1,646,064$506,764$306,428$875,632
78$1,739,402$457,035$242,133$867,114
79$1,839,912$402,521$173,335$857,536
80$1,948,252$342,913$99,811$846,906
81$2,065,143$277,885$21,324$835,245
82$2,191,380$207,094$0$822,585
83$2,327,833$130,174$0$822,963
84$2,475,463$46,743$0$828,459
85$2,635,322$0$0$834,429
86$2,808,568$0$0$864,547
87$2,996,475$0$0$924,654
88$3,200,444$0$0$990,008
89$3,422,015$0$0$1,061,115
90$3,662,883$0$0$1,138,535
91$3,924,912$0$0$1,222,881
92$4,210,152$0$0$1,314,828
93$4,520,862$0$0$1,415,122
94$4,859,524$0$0$1,524,580
95$5,228,872$0$0$1,644,104
96$5,631,915$0$0$1,774,686
97$6,071,963$0$0$1,917,419
98$6,552,662$0$0$2,073,504
99$7,078,025$0$0$2,244,266
100$7,652,471$0$0$2,431,162