Can I retire at age 64 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$65,650$65,066$64,495$63,938$63,394$61,097
2 years$32,500$31,895$31,308$30,740$30,188$27,898
3 years$21,452$20,844$20,259$19,695$19,152$16,943
4 years$15,928$15,322$14,743$14,189$13,660$11,547
5 years$12,615$12,013$11,441$10,899$10,384$8,373
6 years$10,407$9,809$9,246$8,716$8,216$6,310
7 years$8,831$8,238$7,684$7,166$6,682$4,879
8 years$7,649$7,061$6,516$6,011$5,543$3,842
9 years$6,730$6,148$5,613$5,120$4,668$3,067
10 years$5,996$5,419$4,893$4,414$3,978$2,473
11 years$5,395$4,825$4,308$3,841$3,421$2,010
12 years$4,895$4,330$3,823$3,369$2,965$1,643
13 years$4,472$3,913$3,416$2,975$2,585$1,350
14 years$4,110$3,557$3,069$2,640$2,266$1,114
15 years$3,796$3,249$2,771$2,355$1,995$922
16 years$3,522$2,981$2,512$2,108$1,763$765
17 years$3,281$2,746$2,286$1,894$1,564$636
18 years$3,066$2,537$2,087$1,707$1,390$530
19 years$2,874$2,351$1,910$1,543$1,239$442
20 years$2,702$2,185$1,753$1,397$1,107$369
21 years$2,546$2,035$1,613$1,268$990$309
22 years$2,405$1,900$1,486$1,153$888$258
23 years$2,276$1,777$1,372$1,050$797$216
24 years$2,158$1,665$1,269$958$716$181
25 years$2,050$1,562$1,176$875$645$152
26 years$1,950$1,468$1,090$800$581$127
27 years$1,857$1,382$1,012$732$523$107
28 years$1,772$1,302$941$671$472$90
29 years$1,692$1,228$876$615$427$75
30 years$1,618$1,160$816$564$385$63
31 years$1,549$1,097$761$518$348$53
32 years$1,484$1,038$710$476$315$45
33 years$1,424$983$663$438$285$37
34 years$1,367$931$619$403$258$31
35 years$1,313$883$579$371$234$26
36 years$1,263$838$541$342$212$22
37 years$1,215$796$507$315$192$19
38 years$1,170$757$475$290$174$16
39 years$1,127$720$445$268$158$13
40 years$1,087$685$417$247$143$11
41 years$1,049$652$391$228$130$9
42 years$1,012$621$367$210$118$8
43 years$978$591$344$194$107$7
44 years$945$564$323$179$97$6
45 years$913$538$303$165$88$5
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$3
49 years$801$446$236$121$60$2
50 years$776$426$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 $795,000, adding $2,573 every year, while hoping to spend $57,793 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: 59/18/23 Blend
63$795,000$795,000$795,000$795,000
64$878,744$836,609$824,287$925,044
65$906,885$816,112$790,409$936,337
66$935,959$792,673$753,459$942,180
67$966,000$766,087$713,274$947,294
68$997,045$736,139$669,681$951,620
69$1,029,130$702,596$622,503$955,096
70$1,062,296$665,218$571,551$957,658
71$1,096,582$623,746$516,630$959,238
72$1,132,033$577,908$457,536$959,765
73$1,168,693$527,418$394,056$959,162
74$1,206,609$471,972$325,967$957,350
75$1,245,833$411,248$253,036$954,247
76$1,286,416$344,907$175,021$949,765
77$1,328,414$272,591$91,668$943,812
78$1,371,886$193,922$2,712$936,293
79$1,416,893$108,498$0$927,105
80$1,463,500$15,899$0$938,776
81$1,511,777$0$0$950,744
82$1,561,797$0$0$979,004
83$1,613,637$0$0$1,011,562
84$1,667,379$0$0$1,045,320
85$1,723,112$0$0$1,080,335
86$1,780,928$0$0$1,116,665
87$1,840,925$0$0$1,154,375
88$1,903,211$0$0$1,193,531
89$1,967,896$0$0$1,234,205
90$2,035,102$0$0$1,276,475
91$2,104,957$0$0$1,320,422
92$2,177,599$0$0$1,366,135
93$2,253,176$0$0$1,413,708
94$2,331,845$0$0$1,463,242
95$2,413,777$0$0$1,514,847
96$2,499,155$0$0$1,568,640
97$2,588,176$0$0$1,624,747
98$2,681,050$0$0$1,683,304
99$2,778,008$0$0$1,744,459
100$2,879,296$0$0$1,808,369