Can I retire at age 64 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$65,237$64,656$64,089$63,536$62,996$60,664
2 years$32,296$31,694$31,111$30,546$29,998$27,675
3 years$21,317$20,713$20,131$19,571$19,032$16,791
4 years$15,828$15,226$14,650$14,100$13,574$11,432
5 years$12,536$11,937$11,369$10,830$10,319$8,281
6 years$10,342$9,748$9,188$8,661$8,165$6,234
7 years$8,775$8,186$7,635$7,121$6,640$4,814
8 years$7,601$7,017$6,475$5,973$5,509$3,787
9 years$6,688$6,110$5,577$5,088$4,639$3,019
10 years$5,958$5,385$4,862$4,386$3,953$2,431
11 years$5,361$4,794$4,281$3,817$3,399$1,973
12 years$4,864$4,303$3,799$3,348$2,946$1,611
13 years$4,444$3,889$3,394$2,956$2,569$1,322
14 years$4,084$3,535$3,050$2,624$2,252$1,089
15 years$3,772$3,229$2,753$2,340$1,983$900
16 years$3,500$2,963$2,496$2,095$1,752$746
17 years$3,260$2,728$2,272$1,883$1,554$620
18 years$3,047$2,521$2,074$1,697$1,382$515
19 years$2,856$2,337$1,898$1,533$1,231$429
20 years$2,685$2,171$1,742$1,388$1,100$358
21 years$2,530$2,022$1,603$1,260$984$299
22 years$2,390$1,888$1,477$1,146$882$250
23 years$2,262$1,766$1,364$1,043$792$209
24 years$2,144$1,654$1,261$952$712$175
25 years$2,037$1,553$1,168$869$641$146
26 years$1,938$1,459$1,083$795$577$122
27 years$1,846$1,373$1,006$727$520$102
28 years$1,761$1,294$935$666$469$86
29 years$1,682$1,221$870$611$424$72
30 years$1,608$1,153$811$561$383$60
31 years$1,539$1,090$756$515$346$51
32 years$1,475$1,031$705$473$313$42
33 years$1,415$977$658$435$283$36
34 years$1,358$926$615$401$257$30
35 years$1,305$878$575$369$232$25
36 years$1,255$833$538$340$211$21
37 years$1,207$791$504$313$191$18
38 years$1,163$752$472$288$173$15
39 years$1,120$715$442$266$157$12
40 years$1,080$680$414$245$142$10
41 years$1,042$648$388$226$129$9
42 years$1,006$617$364$209$117$7
43 years$971$588$342$193$106$6
44 years$939$560$321$178$97$5
45 years$907$534$301$164$88$4
46 years$878$510$283$152$80$4
47 years$849$486$266$140$72$3
48 years$822$464$250$130$66$3
49 years$796$443$235$120$60$2
50 years$771$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $790,000, adding $5,217 every year, while hoping to spend $48,435 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: 36/41/23 Blend
63$790,000$790,000$790,000$790,000
64$875,961$834,091$821,846$901,256
65$913,775$823,427$797,844$909,637
66$953,822$810,617$771,414$913,837
67$996,280$795,505$742,424$917,398
68$1,041,341$777,926$710,735$920,293
69$1,089,216$757,703$676,204$922,495
70$1,140,138$734,652$638,678$923,981
71$1,194,357$708,575$597,999$924,729
72$1,252,152$679,265$554,002$924,719
73$1,313,825$646,503$506,515$923,937
74$1,379,707$610,054$455,356$922,371
75$1,450,164$569,673$400,337$920,016
76$1,525,594$525,100$341,261$916,870
77$1,606,435$476,060$277,923$912,941
78$1,693,165$422,262$210,108$908,243
79$1,786,313$363,398$137,592$902,799
80$1,886,456$299,143$60,140$896,643
81$1,994,229$229,155$0$889,823
82$2,110,328$153,072$0$887,923
83$2,235,519$70,510$0$901,603
84$2,370,643$0$0$916,249
85$2,516,623$0$0$940,585
86$2,674,474$0$0$1,001,387
87$2,845,312$0$0$1,067,283
88$3,030,365$0$0$1,138,760
89$3,230,980$0$0$1,216,349
90$3,448,640$0$0$1,300,638
91$3,684,977$0$0$1,392,271
92$3,941,784$0$0$1,491,958
93$4,221,035$0$0$1,600,480
94$4,524,902$0$0$1,718,696
95$4,855,772$0$0$1,847,551
96$5,216,275$0$0$1,988,087
97$5,609,303$0$0$2,141,448
98$6,038,041$0$0$2,308,895
99$6,505,993$0$0$2,491,815
100$7,017,016$0$0$2,691,737