Can I retire at age 64 with 798,000?

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 $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%13.2%
1 years$65,898$65,311$64,738$64,179$63,634$62,786
2 years$32,623$32,015$31,426$30,856$30,302$29,450
3 years$21,533$20,922$20,335$19,769$19,225$18,394
4 years$15,988$15,380$14,799$14,243$13,711$12,908
5 years$12,663$12,058$11,484$10,940$10,423$9,650
6 years$10,447$9,846$9,281$8,749$8,247$7,506
7 years$8,864$8,269$7,713$7,193$6,707$5,997
8 years$7,678$7,088$6,541$6,034$5,564$4,886
9 years$6,756$6,171$5,634$5,139$4,686$4,038
10 years$6,018$5,440$4,912$4,430$3,993$3,376
11 years$5,415$4,843$4,324$3,856$3,434$2,847
12 years$4,913$4,347$3,838$3,382$2,976$2,418
13 years$4,489$3,928$3,429$2,986$2,595$2,066
14 years$4,125$3,570$3,081$2,650$2,275$1,773
15 years$3,811$3,262$2,781$2,364$2,003$1,528
16 years$3,535$2,993$2,522$2,116$1,770$1,322
17 years$3,293$2,756$2,295$1,902$1,569$1,146
18 years$3,078$2,547$2,095$1,714$1,395$997
19 years$2,885$2,360$1,918$1,548$1,244$868
20 years$2,712$2,193$1,760$1,402$1,111$758
21 years$2,556$2,043$1,619$1,273$994$662
22 years$2,414$1,907$1,492$1,157$891$580
23 years$2,285$1,784$1,378$1,054$800$508
24 years$2,166$1,671$1,274$961$719$446
25 years$2,057$1,568$1,180$878$647$391
26 years$1,957$1,474$1,094$803$583$344
27 years$1,864$1,387$1,016$735$525$302
28 years$1,779$1,307$945$673$474$266
29 years$1,699$1,233$879$617$428$234
30 years$1,624$1,165$819$567$387$206
31 years$1,555$1,101$763$520$350$181
32 years$1,490$1,042$712$478$316$160
33 years$1,429$986$665$440$286$141
34 years$1,372$935$621$405$259$124
35 years$1,318$887$581$372$235$110
36 years$1,267$842$543$343$213$97
37 years$1,220$799$509$316$193$85
38 years$1,174$760$476$291$175$75
39 years$1,132$722$446$269$159$66
40 years$1,091$687$418$248$144$59
41 years$1,053$654$392$229$130$52
42 years$1,016$623$368$211$118$46
43 years$981$594$345$195$107$40
44 years$948$566$324$180$98$36
45 years$917$540$304$166$89$31
46 years$887$515$286$153$80$28
47 years$858$491$269$142$73$24
48 years$830$469$252$131$66$22
49 years$804$448$237$121$60$19
50 years$779$428$223$112$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $798,000, adding $4,138 every year, while hoping to spend $43,361 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: 43/40/17 Blend
63$798,000$798,000$798,000$798,000
64$883,664$841,370$829,001$917,128
65$927,662$836,462$810,637$936,177
66$974,695$829,859$790,204$952,204
67$1,025,026$821,434$767,588$968,649
68$1,078,944$811,050$742,668$985,570
69$1,136,767$798,562$715,318$1,003,035
70$1,198,842$783,817$685,407$1,021,121
71$1,265,553$766,653$652,796$1,039,918
72$1,337,317$746,897$617,343$1,059,527
73$1,414,595$724,367$578,896$1,080,063
74$1,497,894$698,870$537,299$1,101,656
75$1,587,768$670,204$492,386$1,124,457
76$1,684,827$638,150$443,988$1,148,634
77$1,789,742$602,482$391,924$1,174,377
78$1,903,249$562,958$336,008$1,201,901
79$2,026,160$519,322$276,044$1,231,448
80$2,159,364$471,305$211,827$1,263,293
81$2,303,841$418,620$143,144$1,297,741
82$2,460,667$360,967$69,774$1,335,138
83$2,631,028$298,027$0$1,375,870
84$2,816,225$229,463$0$1,421,918
85$3,017,693$154,919$0$1,485,828
86$3,237,008$74,021$0$1,555,520
87$3,475,906$0$0$1,631,649
88$3,736,296$0$0$1,720,944
89$4,020,280$0$0$1,853,952
90$4,330,172$0$0$1,999,188
91$4,668,517$0$0$2,157,856
92$5,038,118$0$0$2,331,282
93$5,442,060$0$0$2,520,928
94$5,883,742$0$0$2,728,401
95$6,366,903$0$0$2,955,472
96$6,895,661$0$0$3,204,091
97$7,474,552$0$0$3,476,404
98$8,108,569$0$0$3,774,777
99$8,803,212$0$0$4,101,812
100$9,564,536$0$0$4,460,379