Can I retire at age 64 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$65,898$65,311$64,738$64,179$63,634$62,683
2 years$32,623$32,015$31,426$30,856$30,302$29,346
3 years$21,533$20,922$20,335$19,769$19,225$18,294
4 years$15,988$15,380$14,799$14,243$13,711$12,812
5 years$12,663$12,058$11,484$10,940$10,423$9,558
6 years$10,447$9,846$9,281$8,749$8,247$7,418
7 years$8,864$8,269$7,713$7,193$6,707$5,914
8 years$7,678$7,088$6,541$6,034$5,564$4,807
9 years$6,756$6,171$5,634$5,139$4,686$3,964
10 years$6,018$5,440$4,912$4,430$3,993$3,305
11 years$5,415$4,843$4,324$3,856$3,434$2,780
12 years$4,913$4,347$3,838$3,382$2,976$2,356
13 years$4,489$3,928$3,429$2,986$2,595$2,007
14 years$4,125$3,570$3,081$2,650$2,275$1,718
15 years$3,811$3,262$2,781$2,364$2,003$1,477
16 years$3,535$2,993$2,522$2,116$1,770$1,274
17 years$3,293$2,756$2,295$1,902$1,569$1,102
18 years$3,078$2,547$2,095$1,714$1,395$955
19 years$2,885$2,360$1,918$1,548$1,244$830
20 years$2,712$2,193$1,760$1,402$1,111$722
21 years$2,556$2,043$1,619$1,273$994$629
22 years$2,414$1,907$1,492$1,157$891$549
23 years$2,285$1,784$1,378$1,054$800$479
24 years$2,166$1,671$1,274$961$719$419
25 years$2,057$1,568$1,180$878$647$367
26 years$1,957$1,474$1,094$803$583$321
27 years$1,864$1,387$1,016$735$525$282
28 years$1,779$1,307$945$673$474$247
29 years$1,699$1,233$879$617$428$217
30 years$1,624$1,165$819$567$387$190
31 years$1,555$1,101$763$520$350$167
32 years$1,490$1,042$712$478$316$147
33 years$1,429$986$665$440$286$129
34 years$1,372$935$621$405$259$113
35 years$1,318$887$581$372$235$99
36 years$1,267$842$543$343$213$87
37 years$1,220$799$509$316$193$77
38 years$1,174$760$476$291$175$68
39 years$1,132$722$446$269$159$59
40 years$1,091$687$418$248$144$52
41 years$1,053$654$392$229$130$46
42 years$1,016$623$368$211$118$40
43 years$981$594$345$195$107$36
44 years$948$566$324$180$98$31
45 years$917$540$304$166$89$28
46 years$887$515$286$153$80$24
47 years$858$491$269$142$73$21
48 years$830$469$252$131$66$19
49 years$804$448$237$121$60$17
50 years$779$428$223$112$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $798,000, adding $4,262 every year, while hoping to spend $38,484 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: 61/18/21 Blend
63$798,000$798,000$798,000$798,000
64$883,792$841,498$829,129$932,601
65$932,992$841,785$815,958$966,410
66$985,921$840,796$801,057$998,670
67$1,042,918$838,428$784,325$1,033,010
68$1,104,356$834,572$765,661$1,069,638
69$1,170,646$829,111$744,955$1,108,785
70$1,242,237$821,922$722,096$1,150,705
71$1,319,624$812,875$696,965$1,195,681
72$1,403,350$801,831$669,439$1,244,026
73$1,494,015$788,643$639,387$1,296,085
74$1,592,274$773,156$606,676$1,352,242
75$1,698,850$755,206$571,165$1,412,921
76$1,814,538$734,616$532,704$1,478,591
77$1,940,213$711,204$491,141$1,549,772
78$2,076,834$684,773$446,314$1,627,039
79$2,225,461$655,116$398,056$1,711,026
80$2,387,257$622,016$346,189$1,802,436
81$2,563,502$585,239$290,531$1,902,048
82$2,755,605$544,542$230,890$2,010,721
83$2,965,118$499,665$167,066$2,129,404
84$3,193,746$450,336$98,849$2,259,149
85$3,443,370$396,264$26,022$2,401,117
86$3,716,057$337,144$0$2,556,591
87$4,014,085$272,654$0$2,738,573
88$4,339,959$202,451$0$2,944,022
89$4,696,440$126,177$0$3,168,888
90$5,086,567$43,450$0$3,415,141
91$5,513,686$0$0$3,684,956
92$5,981,483$0$0$3,989,865
93$6,494,015$0$0$4,333,422
94$7,055,752$0$0$4,710,026
95$7,671,615$0$0$5,122,982
96$8,347,026$0$0$5,575,935
97$9,087,955$0$0$6,072,896
98$9,900,979$0$0$6,618,287
99$10,793,343$0$0$7,216,975
100$11,773,025$0$0$7,874,323