Can I retire at age 64 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,568$64,984$64,414$63,858$63,315$62,680
2 years$32,459$31,855$31,269$30,701$30,150$29,510
3 years$21,425$20,817$20,233$19,670$19,128$18,504
4 years$15,908$15,303$14,724$14,171$13,642$13,038
5 years$12,599$11,998$11,427$10,885$10,371$9,788
6 years$10,394$9,797$9,235$8,705$8,206$7,646
7 years$8,820$8,228$7,674$7,157$6,674$6,137
8 years$7,639$7,053$6,508$6,004$5,536$5,022
9 years$6,722$6,141$5,605$5,114$4,663$4,171
10 years$5,988$5,413$4,887$4,408$3,973$3,503
11 years$5,388$4,818$4,302$3,836$3,417$2,969
12 years$4,889$4,325$3,818$3,365$2,961$2,535
13 years$4,466$3,908$3,411$2,971$2,582$2,177
14 years$4,105$3,553$3,065$2,637$2,263$1,879
15 years$3,791$3,245$2,767$2,352$1,993$1,628
16 years$3,518$2,978$2,509$2,106$1,761$1,416
17 years$3,276$2,742$2,283$1,892$1,562$1,235
18 years$3,062$2,534$2,084$1,705$1,389$1,080
19 years$2,871$2,348$1,908$1,541$1,238$946
20 years$2,699$2,182$1,751$1,395$1,105$830
21 years$2,543$2,033$1,611$1,266$989$730
22 years$2,402$1,897$1,484$1,151$887$643
23 years$2,273$1,775$1,371$1,049$796$567
24 years$2,155$1,663$1,268$956$715$500
25 years$2,047$1,560$1,174$873$644$442
26 years$1,947$1,467$1,089$799$580$391
27 years$1,855$1,380$1,011$731$523$346
28 years$1,770$1,301$940$670$472$306
29 years$1,690$1,227$875$614$426$271
30 years$1,616$1,159$815$564$385$240
31 years$1,547$1,095$760$518$348$213
32 years$1,483$1,036$709$476$315$189
33 years$1,422$981$662$438$285$168
34 years$1,365$930$618$403$258$149
35 years$1,312$882$578$371$234$132
36 years$1,261$837$541$341$212$117
37 years$1,213$795$506$314$192$104
38 years$1,168$756$474$290$174$93
39 years$1,126$719$444$267$158$82
40 years$1,086$684$416$247$143$73
41 years$1,047$651$390$227$130$65
42 years$1,011$620$366$210$118$58
43 years$976$591$344$194$107$51
44 years$943$563$322$179$97$46
45 years$912$537$303$165$88$41
46 years$882$512$284$153$80$36
47 years$854$489$267$141$73$32
48 years$826$467$251$130$66$29
49 years$800$446$236$120$60$25
50 years$775$426$222$111$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $794,000, adding $4,332 every year, while hoping to spend $31,892 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: 36/40/24 Blend
63$794,000$794,000$794,000$794,000
64$879,456$837,374$825,067$904,622
65$935,228$844,473$818,774$930,637
66$995,620$850,850$811,202$955,462
67$1,061,069$856,438$802,273$981,628
68$1,132,056$861,162$791,907$1,009,274
69$1,209,111$864,944$780,021$1,038,558
70$1,292,816$867,701$766,527$1,069,653
71$1,383,810$869,346$751,333$1,102,754
72$1,482,798$869,783$734,342$1,138,077
73$1,590,555$868,914$715,454$1,175,862
74$1,707,933$866,633$694,564$1,216,377
75$1,835,871$862,826$671,560$1,259,921
76$1,975,401$857,376$646,329$1,306,823
77$2,127,660$850,155$618,748$1,357,453
78$2,293,898$841,029$588,693$1,412,219
79$2,475,493$829,857$556,031$1,471,575
80$2,673,960$816,487$520,625$1,536,025
81$2,890,969$800,760$482,331$1,606,129
82$3,128,357$782,506$440,999$1,682,507
83$3,388,148$761,548$396,471$1,765,849
84$3,672,569$737,694$348,583$1,856,917
85$3,984,075$710,744$297,164$1,956,560
86$4,325,366$680,487$242,035$2,065,715
87$4,699,420$646,697$183,009$2,185,422
88$5,109,512$609,136$119,891$2,316,834
89$5,559,252$567,553$52,477$2,461,225
90$6,052,615$521,683$0$2,620,011
91$6,593,981$471,245$0$2,799,738
92$7,188,171$415,940$0$3,011,820
93$7,840,500$355,457$0$3,244,780
94$8,556,819$289,462$0$3,500,799
95$9,343,576$217,607$0$3,782,287
96$10,207,871$139,520$0$4,091,907
97$11,157,528$54,811$0$4,432,598
98$12,201,167$0$0$4,807,606
99$13,348,283$0$0$5,236,769
100$14,609,336$0$0$5,735,203