Can I retire at age 64 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$65,485$64,902$64,333$63,777$63,235$60,991
2 years$32,418$31,815$31,230$30,662$30,112$27,875
3 years$21,398$20,791$20,208$19,646$19,104$16,945
4 years$15,888$15,284$14,706$14,154$13,625$11,560
5 years$12,584$11,983$11,412$10,871$10,358$8,392
6 years$10,381$9,785$9,223$8,694$8,196$6,331
7 years$8,809$8,217$7,664$7,148$6,665$4,901
8 years$7,630$7,044$6,500$5,996$5,530$3,864
9 years$6,713$6,133$5,598$5,107$4,657$3,088
10 years$5,981$5,406$4,881$4,403$3,968$2,493
11 years$5,381$4,812$4,297$3,832$3,412$2,029
12 years$4,883$4,319$3,813$3,361$2,957$1,661
13 years$4,461$3,903$3,407$2,967$2,579$1,367
14 years$4,100$3,548$3,061$2,634$2,260$1,129
15 years$3,787$3,241$2,764$2,349$1,990$936
16 years$3,513$2,974$2,506$2,103$1,759$778
17 years$3,272$2,739$2,280$1,890$1,560$648
18 years$3,058$2,531$2,082$1,703$1,387$540
19 years$2,867$2,345$1,906$1,539$1,236$452
20 years$2,695$2,180$1,749$1,394$1,104$378
21 years$2,540$2,030$1,609$1,265$988$316
22 years$2,399$1,895$1,483$1,150$886$265
23 years$2,270$1,772$1,369$1,047$795$222
24 years$2,153$1,661$1,266$955$715$187
25 years$2,044$1,558$1,173$872$643$157
26 years$1,945$1,465$1,088$798$579$132
27 years$1,853$1,378$1,010$730$522$111
28 years$1,767$1,299$939$669$471$93
29 years$1,688$1,225$874$613$425$78
30 years$1,614$1,157$814$563$384$66
31 years$1,545$1,094$759$517$348$55
32 years$1,481$1,035$708$475$314$46
33 years$1,420$980$661$437$285$39
34 years$1,363$929$617$402$258$33
35 years$1,310$881$577$370$233$28
36 years$1,259$836$540$341$211$23
37 years$1,212$794$505$314$192$20
38 years$1,167$755$473$289$174$16
39 years$1,124$718$443$267$158$14
40 years$1,084$683$416$246$143$12
41 years$1,046$650$390$227$130$10
42 years$1,010$619$366$210$118$8
43 years$975$590$343$194$107$7
44 years$942$562$322$179$97$6
45 years$911$536$302$165$88$5
46 years$881$512$284$152$80$4
47 years$852$488$267$141$73$3
48 years$825$466$251$130$66$3
49 years$799$445$236$120$60$2
50 years$774$425$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $793,000, adding $3,980 every year, while hoping to spend $30,709 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: 82/6/12 Blend
63$793,000$793,000$793,000$793,000
64$877,991$835,962$823,671$947,783
65$934,872$844,250$818,590$1,002,407
66$996,526$851,915$812,309$1,057,916
67$1,063,407$858,894$804,756$1,117,951
68$1,136,014$865,120$795,856$1,182,949
69$1,214,898$870,521$785,527$1,253,393
70$1,300,662$875,022$773,687$1,329,814
71$1,393,973$878,541$760,249$1,412,797
72$1,495,562$880,993$745,121$1,502,987
73$1,606,234$882,286$728,207$1,601,094
74$1,726,875$882,324$709,408$1,707,901
75$1,858,462$881,003$688,618$1,824,270
76$2,002,066$878,213$665,728$1,951,149
77$2,158,871$873,840$640,624$2,089,587
78$2,330,176$867,758$613,185$2,240,734
79$2,517,414$859,839$583,287$2,405,863
80$2,722,162$849,942$550,799$2,586,373
81$2,946,155$837,922$515,583$2,783,807
82$3,191,304$823,622$477,497$2,999,864
83$3,459,716$806,877$436,391$3,236,417
84$3,753,706$787,514$392,109$3,495,531
85$4,075,828$765,346$344,489$3,779,480
86$4,428,893$740,178$293,360$4,090,772
87$4,815,996$711,803$238,544$4,432,168
88$5,240,547$680,001$179,855$4,806,714
89$5,706,303$644,541$117,099$5,217,765
90$6,217,398$605,176$50,075$5,669,018
91$6,778,391$561,648$0$6,164,548
92$7,394,300$513,681$0$6,711,593
93$8,070,653$460,987$0$7,319,377
94$8,813,542$403,257$0$7,986,966
95$9,629,675$340,169$0$8,720,401
96$10,526,445$271,380$0$9,526,341
97$11,511,993$196,528$0$10,412,121
98$12,595,290$115,231$0$11,385,822
99$13,786,219$27,088$0$12,456,349
100$15,095,669$0$0$13,633,516