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%16.3%
1 years$65,485$64,902$64,333$63,777$63,235$61,606
2 years$32,418$31,815$31,230$30,662$30,112$28,482
3 years$21,398$20,791$20,208$19,646$19,104$17,524
4 years$15,888$15,284$14,706$14,154$13,625$12,107
5 years$12,584$11,983$11,412$10,871$10,358$8,905
6 years$10,381$9,785$9,223$8,694$8,196$6,811
7 years$8,809$8,217$7,664$7,148$6,665$5,348
8 years$7,630$7,044$6,500$5,996$5,530$4,279
9 years$6,713$6,133$5,598$5,107$4,657$3,472
10 years$5,981$5,406$4,881$4,403$3,968$2,847
11 years$5,381$4,812$4,297$3,832$3,412$2,355
12 years$4,883$4,319$3,813$3,361$2,957$1,960
13 years$4,461$3,903$3,407$2,967$2,579$1,641
14 years$4,100$3,548$3,061$2,634$2,260$1,379
15 years$3,787$3,241$2,764$2,349$1,990$1,163
16 years$3,513$2,974$2,506$2,103$1,759$984
17 years$3,272$2,739$2,280$1,890$1,560$835
18 years$3,058$2,531$2,082$1,703$1,387$710
19 years$2,867$2,345$1,906$1,539$1,236$604
20 years$2,695$2,180$1,749$1,394$1,104$515
21 years$2,540$2,030$1,609$1,265$988$440
22 years$2,399$1,895$1,483$1,150$886$376
23 years$2,270$1,772$1,369$1,047$795$321
24 years$2,153$1,661$1,266$955$715$275
25 years$2,044$1,558$1,173$872$643$236
26 years$1,945$1,465$1,088$798$579$202
27 years$1,853$1,378$1,010$730$522$173
28 years$1,767$1,299$939$669$471$149
29 years$1,688$1,225$874$613$425$127
30 years$1,614$1,157$814$563$384$109
31 years$1,545$1,094$759$517$348$94
32 years$1,481$1,035$708$475$314$81
33 years$1,420$980$661$437$285$69
34 years$1,363$929$617$402$258$60
35 years$1,310$881$577$370$233$51
36 years$1,259$836$540$341$211$44
37 years$1,212$794$505$314$192$38
38 years$1,167$755$473$289$174$32
39 years$1,124$718$443$267$158$28
40 years$1,084$683$416$246$143$24
41 years$1,046$650$390$227$130$21
42 years$1,010$619$366$210$118$18
43 years$975$590$343$194$107$15
44 years$942$562$322$179$97$13
45 years$911$536$302$165$88$11
46 years$881$512$284$152$80$10
47 years$852$488$267$141$73$8
48 years$825$466$251$130$66$7
49 years$799$445$236$120$60$6
50 years$774$425$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $793,000, adding $2,202 every year, while hoping to spend $40,352 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: 52/21/27 Blend
63$793,000$793,000$793,000$793,000
64$876,157$834,128$821,837$914,988
65$922,591$832,066$806,434$940,116
66$972,409$828,551$789,163$963,168
67$1,025,913$823,468$769,918$987,439
68$1,083,435$816,698$748,590$1,013,063
69$1,145,341$808,111$725,063$1,040,188
70$1,212,030$797,572$699,216$1,068,980
71$1,283,941$784,938$670,925$1,099,625
72$1,361,559$770,056$640,057$1,132,329
73$1,445,413$752,764$606,474$1,167,322
74$1,536,088$732,891$570,033$1,204,861
75$1,634,223$710,257$530,583$1,245,231
76$1,740,523$684,670$487,968$1,288,751
77$1,855,765$655,926$442,022$1,335,774
78$1,980,798$623,812$392,575$1,386,693
79$2,116,561$588,100$339,448$1,441,945
80$2,264,084$548,551$282,453$1,502,016
81$2,424,501$504,910$221,396$1,567,446
82$2,599,058$456,910$156,071$1,638,833
83$2,789,130$404,266$86,267$1,716,842
84$2,996,225$346,679$11,761$1,802,210
85$3,222,006$283,832$0$1,895,756
86$3,468,302$215,391$0$2,017,905
87$3,737,126$141,002$0$2,155,029
88$4,030,694$60,293$0$2,304,923
89$4,351,446$0$0$2,468,897
90$4,702,068$0$0$2,654,670
91$5,085,517$0$0$2,873,147
92$5,505,049$0$0$3,112,262
93$5,964,248$0$0$3,374,068
94$6,467,063$0$0$3,660,825
95$7,017,840$0$0$3,975,023
96$7,621,368$0$0$4,319,404
97$8,282,918$0$0$4,696,989
98$9,008,297$0$0$5,111,102
99$9,803,902$0$0$5,565,409
100$10,676,776$0$0$6,063,943