Can I retire at age 64 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$65,403$64,820$64,252$63,697$63,155$61,232
2 years$32,378$31,775$31,190$30,624$30,074$28,152
3 years$21,371$20,765$20,182$19,621$19,080$17,221
4 years$15,868$15,264$14,687$14,136$13,608$11,826
5 years$12,568$11,968$11,398$10,858$10,345$8,644
6 years$10,368$9,772$9,211$8,683$8,185$6,567
7 years$8,797$8,207$7,655$7,139$6,657$5,122
8 years$7,620$7,035$6,492$5,988$5,523$4,069
9 years$6,705$6,125$5,591$5,101$4,651$3,278
10 years$5,973$5,399$4,875$4,397$3,963$2,668
11 years$5,375$4,806$4,292$3,827$3,408$2,189
12 years$4,876$4,314$3,809$3,357$2,953$1,808
13 years$4,455$3,899$3,403$2,963$2,575$1,501
14 years$4,094$3,544$3,057$2,630$2,258$1,252
15 years$3,782$3,237$2,760$2,346$1,988$1,047
16 years$3,509$2,970$2,503$2,101$1,757$878
17 years$3,268$2,735$2,277$1,887$1,558$738
18 years$3,054$2,528$2,079$1,701$1,385$622
19 years$2,863$2,343$1,903$1,537$1,234$525
20 years$2,692$2,177$1,747$1,392$1,103$443
21 years$2,537$2,028$1,607$1,263$987$375
22 years$2,396$1,893$1,481$1,149$884$318
23 years$2,267$1,770$1,367$1,046$794$269
24 years$2,150$1,659$1,264$954$714$228
25 years$2,042$1,556$1,171$871$642$194
26 years$1,942$1,463$1,086$797$578$164
27 years$1,850$1,377$1,009$729$522$140
28 years$1,765$1,297$938$668$471$119
29 years$1,686$1,224$873$613$425$101
30 years$1,612$1,156$813$562$384$86
31 years$1,543$1,093$758$516$347$73
32 years$1,479$1,034$707$475$314$62
33 years$1,418$979$660$436$284$53
34 years$1,362$928$617$402$257$45
35 years$1,308$880$577$370$233$38
36 years$1,258$835$539$340$211$32
37 years$1,210$793$505$314$191$28
38 years$1,166$754$473$289$173$23
39 years$1,123$717$443$267$157$20
40 years$1,083$682$415$246$143$17
41 years$1,045$649$389$227$129$14
42 years$1,008$618$365$209$117$12
43 years$974$589$343$193$107$10
44 years$941$562$322$178$97$9
45 years$910$536$302$165$88$8
46 years$880$511$284$152$80$6
47 years$851$488$266$141$72$5
48 years$824$465$250$130$66$5
49 years$798$444$235$120$60$4
50 years$773$425$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $792,000, adding $4,485 every year, while hoping to spend $25,446 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: 77/16/7 Blend
63$792,000$792,000$792,000$792,000
64$877,410$835,434$823,158$943,878
65$939,832$849,296$823,660$1,002,021
66$1,007,767$862,985$823,325$1,062,016
67$1,081,753$876,464$822,100$1,127,047
68$1,162,377$889,696$819,926$1,197,604
69$1,250,289$902,641$816,743$1,274,227
70$1,346,203$915,255$812,488$1,357,508
71$1,450,904$927,491$807,095$1,448,103
72$1,565,257$939,299$800,493$1,546,732
73$1,690,215$950,626$792,611$1,654,188
74$1,826,826$961,415$783,372$1,771,347
75$1,976,243$971,605$772,696$1,899,171
76$2,139,737$981,132$760,499$2,038,723
77$2,318,709$989,926$746,695$2,191,171
78$2,514,698$997,913$731,190$2,357,805
79$2,729,402$1,005,015$713,889$2,540,044
80$2,964,690$1,011,149$694,693$2,739,452
81$3,222,618$1,016,226$673,495$2,957,753
82$3,505,455$1,020,150$650,187$3,196,848
83$3,815,695$1,022,822$624,652$3,458,829
84$4,156,090$1,024,134$596,772$3,746,003
85$4,529,668$1,023,973$566,421$4,060,913
86$4,939,765$1,022,219$533,467$4,406,358
87$5,390,056$1,018,743$497,773$4,785,428
88$5,884,589$1,013,409$459,196$5,201,523
89$6,427,825$1,006,073$417,586$5,658,393
90$7,024,675$996,582$372,787$6,160,169
91$7,680,552$984,775$324,636$6,711,406
92$8,401,418$970,479$272,961$7,317,122
93$9,193,843$953,512$217,585$7,982,846
94$10,065,062$933,682$158,321$8,714,675
95$11,023,049$910,783$94,976$9,519,326
96$12,076,588$884,600$27,346$10,404,201
97$13,235,358$854,903$0$11,377,459
98$14,510,022$821,450$0$12,451,440
99$15,912,328$783,985$0$13,635,104
100$17,455,221$742,236$0$14,937,343