Can I retire at age 64 with 791,000?

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 $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%16.6%
1 years$65,320$64,738$64,171$63,616$63,075$61,376
2 years$32,337$31,734$31,151$30,585$30,036$28,336
3 years$21,344$20,739$20,157$19,596$19,056$17,409
4 years$15,848$15,245$14,669$14,118$13,591$12,009
5 years$12,552$11,952$11,384$10,844$10,332$8,819
6 years$10,355$9,760$9,200$8,672$8,175$6,734
7 years$8,786$8,196$7,645$7,130$6,648$5,279
8 years$7,610$7,026$6,484$5,981$5,516$4,216
9 years$6,696$6,117$5,584$5,094$4,645$3,415
10 years$5,965$5,392$4,868$4,391$3,958$2,795
11 years$5,368$4,800$4,286$3,822$3,404$2,307
12 years$4,870$4,308$3,804$3,352$2,950$1,917
13 years$4,449$3,894$3,398$2,960$2,572$1,601
14 years$4,089$3,539$3,054$2,627$2,255$1,343
15 years$3,777$3,233$2,757$2,343$1,985$1,131
16 years$3,504$2,966$2,500$2,098$1,755$955
17 years$3,264$2,732$2,275$1,885$1,556$808
18 years$3,051$2,524$2,076$1,699$1,383$685
19 years$2,860$2,340$1,901$1,535$1,233$582
20 years$2,688$2,174$1,744$1,390$1,101$495
21 years$2,533$2,025$1,605$1,262$986$422
22 years$2,393$1,890$1,479$1,147$883$360
23 years$2,265$1,768$1,365$1,045$793$307
24 years$2,147$1,656$1,263$953$713$262
25 years$2,039$1,554$1,170$870$641$224
26 years$1,940$1,461$1,085$796$578$191
27 years$1,848$1,375$1,007$728$521$164
28 years$1,763$1,296$936$667$470$140
29 years$1,684$1,222$871$612$424$120
30 years$1,610$1,154$812$562$383$103
31 years$1,541$1,091$757$516$347$88
32 years$1,477$1,032$706$474$314$75
33 years$1,417$978$659$436$284$65
34 years$1,360$927$616$401$257$55
35 years$1,307$879$576$369$233$47
36 years$1,256$834$539$340$211$41
37 years$1,209$792$504$313$191$35
38 years$1,164$753$472$289$173$30
39 years$1,122$716$442$266$157$26
40 years$1,081$681$415$246$143$22
41 years$1,043$649$389$227$129$19
42 years$1,007$618$365$209$117$16
43 years$973$588$342$193$106$14
44 years$940$561$321$178$97$12
45 years$909$535$302$165$88$10
46 years$879$510$283$152$80$9
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$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $791,000, adding $2,134 every year, while hoping to spend $26,836 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: 82/12/6 Blend
63$791,000$791,000$791,000$791,000
64$873,883$831,960$819,700$945,031
65$934,466$844,173$818,606$1,004,061
66$1,000,329$856,085$816,577$1,065,033
67$1,071,982$867,652$813,552$1,131,135
68$1,149,987$878,830$809,468$1,202,864
69$1,234,961$889,568$804,261$1,280,769
70$1,327,584$899,814$797,861$1,365,454
71$1,428,604$909,512$790,196$1,457,581
72$1,538,845$918,601$781,191$1,557,884
73$1,659,213$927,019$770,767$1,667,169
74$1,790,707$934,696$758,841$1,786,324
75$1,934,423$941,560$745,326$1,916,327
76$2,091,572$947,534$730,133$2,058,255
77$2,263,485$952,536$713,165$2,213,296
78$2,451,628$956,478$694,323$2,382,757
79$2,657,616$959,267$673,505$2,568,079
80$2,883,225$960,805$650,600$2,770,849
81$3,130,415$960,985$625,496$2,992,817
82$3,401,341$959,697$598,074$3,235,909
83$3,698,378$956,822$568,210$3,502,249
84$4,024,141$952,234$535,772$3,794,176
85$4,381,509$945,800$500,627$4,114,268
86$4,773,657$937,378$462,633$4,465,366
87$5,204,080$926,819$421,640$4,850,599
88$5,676,625$913,963$377,494$5,273,417
89$6,195,535$898,641$330,034$5,737,621
90$6,765,480$880,675$279,091$6,247,399
91$7,391,607$859,876$224,488$6,807,367
92$8,079,584$836,043$166,042$7,422,610
93$8,835,657$808,964$103,559$8,098,735
94$9,666,705$778,415$36,840$8,841,917
95$10,580,310$744,158$0$9,658,964
96$11,584,822$705,942$0$10,559,577
97$12,689,442$663,501$0$11,552,483
98$13,904,307$616,554$0$12,644,445
99$15,240,584$564,804$0$13,845,519
100$16,710,581$507,936$0$15,166,784