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%18.4%
1 years$65,155$64,575$64,008$63,456$62,916$60,780
2 years$32,255$31,654$31,072$30,508$29,960$27,830
3 years$21,290$20,686$20,106$19,546$19,008$16,950
4 years$15,808$15,207$14,632$14,082$13,557$11,587
5 years$12,520$11,922$11,355$10,816$10,305$8,429
6 years$10,329$9,735$9,176$8,650$8,154$6,373
7 years$8,764$8,176$7,626$7,112$6,632$4,944
8 years$7,591$7,008$6,467$5,966$5,502$3,908
9 years$6,679$6,102$5,570$5,082$4,633$3,130
10 years$5,950$5,378$4,856$4,380$3,948$2,534
11 years$5,354$4,788$4,275$3,812$3,395$2,067
12 years$4,858$4,298$3,794$3,344$2,942$1,697
13 years$4,438$3,884$3,390$2,952$2,566$1,400
14 years$4,079$3,530$3,046$2,621$2,249$1,160
15 years$3,768$3,225$2,750$2,337$1,980$964
16 years$3,496$2,959$2,493$2,093$1,750$804
17 years$3,256$2,725$2,269$1,880$1,552$671
18 years$3,043$2,518$2,071$1,694$1,380$562
19 years$2,853$2,334$1,896$1,531$1,230$471
20 years$2,682$2,169$1,740$1,387$1,098$395
21 years$2,527$2,020$1,600$1,258$983$332
22 years$2,387$1,885$1,475$1,144$881$279
23 years$2,259$1,763$1,362$1,042$791$235
24 years$2,142$1,652$1,260$950$711$198
25 years$2,034$1,551$1,167$868$640$166
26 years$1,935$1,457$1,082$794$576$140
27 years$1,843$1,371$1,005$726$520$118
28 years$1,759$1,292$934$666$469$100
29 years$1,680$1,219$869$610$423$84
30 years$1,606$1,151$810$560$382$71
31 years$1,537$1,088$755$514$346$60
32 years$1,473$1,030$704$473$313$50
33 years$1,413$975$658$435$283$43
34 years$1,356$924$614$400$256$36
35 years$1,303$877$574$368$232$30
36 years$1,253$832$537$339$210$26
37 years$1,206$790$503$312$191$22
38 years$1,161$751$471$288$173$18
39 years$1,119$714$441$266$157$15
40 years$1,079$680$414$245$142$13
41 years$1,041$647$388$226$129$11
42 years$1,005$616$364$209$117$9
43 years$970$587$341$193$106$8
44 years$937$560$320$178$96$7
45 years$906$534$301$164$88$6
46 years$877$509$283$152$79$5
47 years$848$486$265$140$72$4
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$3
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $789,000, adding $4,546 every year, while hoping to spend $41,193 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: 88/5/7 Blend
63$789,000$789,000$789,000$789,000
64$874,167$832,350$820,121$950,277
65$919,503$829,306$803,766$997,487
66$968,083$824,733$785,482$1,043,166
67$1,020,194$818,511$765,162$1,092,039
68$1,076,151$810,515$742,692$1,144,398
69$1,136,300$800,612$717,955$1,200,563
70$1,201,022$788,662$690,825$1,260,885
71$1,270,733$774,513$661,175$1,325,754
72$1,345,892$758,008$628,868$1,395,594
73$1,427,001$738,979$593,764$1,470,875
74$1,514,614$717,248$555,714$1,552,114
75$1,609,339$692,627$514,564$1,639,878
76$1,711,843$664,917$470,153$1,734,794
77$1,822,860$633,908$422,313$1,837,550
78$1,943,198$599,375$370,867$1,948,906
79$2,073,745$561,085$315,631$2,069,695
80$2,215,475$518,787$256,413$2,200,839
81$2,369,464$472,218$193,014$2,343,350
82$2,536,892$421,099$125,222$2,498,344
83$2,719,059$365,137$52,821$2,667,050
84$2,917,394$304,019$0$2,850,822
85$3,133,470$237,418$0$3,052,977
86$3,369,019$164,987$0$3,277,661
87$3,625,946$86,358$0$3,522,753
88$3,906,348$1,145$0$3,790,266
89$4,212,533$0$0$4,082,419
90$4,547,043$0$0$4,406,663
91$4,912,675$0$0$4,761,148
92$5,312,510$0$0$5,148,797
93$5,749,938$0$0$5,572,901
94$6,228,693$0$0$6,037,080
95$6,752,888$0$0$6,545,320
96$7,327,050$0$0$7,102,014
97$7,956,166$0$0$7,711,996
98$8,645,726$0$0$8,380,591
99$9,401,780$0$0$9,113,666
100$10,230,989$0$0$9,917,679