Can I retire at age 64 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$65,320$64,738$64,171$63,616$63,075$61,277
2 years$32,337$31,734$31,151$30,585$30,036$28,238
3 years$21,344$20,739$20,157$19,596$19,056$17,315
4 years$15,848$15,245$14,669$14,118$13,591$11,920
5 years$12,552$11,952$11,384$10,844$10,332$8,736
6 years$10,355$9,760$9,200$8,672$8,175$6,656
7 years$8,786$8,196$7,645$7,130$6,648$5,205
8 years$7,610$7,026$6,484$5,981$5,516$4,148
9 years$6,696$6,117$5,584$5,094$4,645$3,351
10 years$5,965$5,392$4,868$4,391$3,958$2,736
11 years$5,368$4,800$4,286$3,822$3,404$2,253
12 years$4,870$4,308$3,804$3,352$2,950$1,867
13 years$4,449$3,894$3,398$2,960$2,572$1,555
14 years$4,089$3,539$3,054$2,627$2,255$1,301
15 years$3,777$3,233$2,757$2,343$1,985$1,092
16 years$3,504$2,966$2,500$2,098$1,755$919
17 years$3,264$2,732$2,275$1,885$1,556$776
18 years$3,051$2,524$2,076$1,699$1,383$656
19 years$2,860$2,340$1,901$1,535$1,233$556
20 years$2,688$2,174$1,744$1,390$1,101$471
21 years$2,533$2,025$1,605$1,262$986$400
22 years$2,393$1,890$1,479$1,147$883$340
23 years$2,265$1,768$1,365$1,045$793$289
24 years$2,147$1,656$1,263$953$713$246
25 years$2,039$1,554$1,170$870$641$210
26 years$1,940$1,461$1,085$796$578$179
27 years$1,848$1,375$1,007$728$521$152
28 years$1,763$1,296$936$667$470$130
29 years$1,684$1,222$871$612$424$111
30 years$1,610$1,154$812$562$383$95
31 years$1,541$1,091$757$516$347$81
32 years$1,477$1,032$706$474$314$69
33 years$1,417$978$659$436$284$59
34 years$1,360$927$616$401$257$50
35 years$1,307$879$576$369$233$43
36 years$1,256$834$539$340$211$37
37 years$1,209$792$504$313$191$31
38 years$1,164$753$472$289$173$27
39 years$1,122$716$442$266$157$23
40 years$1,081$681$415$246$143$20
41 years$1,043$649$389$227$129$17
42 years$1,007$618$365$209$117$14
43 years$973$588$342$193$106$12
44 years$940$561$321$178$97$10
45 years$909$535$302$165$88$9
46 years$879$510$283$152$80$8
47 years$850$487$266$140$72$7
48 years$823$465$250$130$66$6
49 years$797$444$235$120$60$5
50 years$772$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $791,000, adding $3,164 every year, while hoping to spend $54,200 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: 67/10/23 Blend
63$791,000$791,000$791,000$791,000
64$874,946$833,023$820,762$928,227
65$906,522$816,172$790,589$947,533
66$939,502$796,680$757,589$962,141
67$973,973$774,359$721,610$976,850
68$1,010,026$749,011$682,492$991,669
69$1,047,764$720,427$640,070$1,006,611
70$1,087,294$688,386$594,171$1,021,693
71$1,128,735$652,654$544,613$1,036,933
72$1,172,215$612,983$491,206$1,052,357
73$1,217,873$569,111$433,754$1,067,992
74$1,265,860$520,762$372,048$1,083,871
75$1,316,340$467,641$305,874$1,100,035
76$1,369,492$409,441$235,007$1,116,529
77$1,425,510$345,834$159,210$1,133,407
78$1,484,607$276,475$78,238$1,150,730
79$1,547,013$200,998$0$1,168,571
80$1,612,980$119,018$0$1,189,018
81$1,682,783$30,130$0$1,230,778
82$1,756,722$0$0$1,274,808
83$1,835,126$0$0$1,328,576
84$1,918,352$0$0$1,389,195
85$2,006,792$0$0$1,453,637
86$2,100,876$0$0$1,522,219
87$2,201,072$0$0$1,595,285
88$2,307,893$0$0$1,673,216
89$2,421,904$0$0$1,756,424
90$2,543,720$0$0$1,845,365
91$2,674,016$0$0$1,940,536
92$2,813,534$0$0$2,042,484
93$2,963,086$0$0$2,151,806
94$3,123,564$0$0$2,269,160
95$3,295,945$0$0$2,395,267
96$3,481,302$0$0$2,530,919
97$3,680,815$0$0$2,676,984
98$3,895,778$0$0$2,834,417
99$4,127,612$0$0$3,004,267
100$4,377,878$0$0$3,187,684