Can I retire at age 64 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$65,981$65,393$64,820$64,260$63,713$62,710
2 years$32,664$32,055$31,466$30,894$30,340$29,331
3 years$21,559$20,949$20,360$19,794$19,249$18,266
4 years$16,008$15,399$14,817$14,261$13,728$12,780
5 years$12,679$12,073$11,499$10,954$10,436$9,525
6 years$10,460$9,859$9,293$8,760$8,258$7,384
7 years$8,875$8,279$7,722$7,202$6,716$5,880
8 years$7,687$7,097$6,549$6,041$5,571$4,774
9 years$6,764$6,179$5,641$5,146$4,692$3,932
10 years$6,026$5,447$4,918$4,436$3,998$3,275
11 years$5,422$4,849$4,329$3,860$3,438$2,751
12 years$4,919$4,352$3,842$3,386$2,979$2,328
13 years$4,494$3,933$3,433$2,989$2,598$1,981
14 years$4,131$3,575$3,084$2,654$2,278$1,694
15 years$3,815$3,266$2,785$2,367$2,005$1,454
16 years$3,540$2,996$2,525$2,119$1,772$1,252
17 years$3,297$2,759$2,298$1,904$1,571$1,081
18 years$3,081$2,550$2,097$1,716$1,397$936
19 years$2,889$2,363$1,920$1,550$1,245$812
20 years$2,716$2,196$1,762$1,404$1,112$705
21 years$2,559$2,045$1,621$1,274$995$614
22 years$2,417$1,909$1,494$1,159$892$535
23 years$2,287$1,786$1,379$1,055$801$466
24 years$2,169$1,673$1,276$962$720$407
25 years$2,060$1,570$1,181$879$648$356
26 years$1,960$1,476$1,096$804$584$311
27 years$1,867$1,389$1,017$736$526$272
28 years$1,781$1,309$946$674$475$238
29 years$1,701$1,235$880$618$429$209
30 years$1,626$1,166$820$567$387$183
31 years$1,557$1,102$764$521$350$160
32 years$1,492$1,043$713$479$317$140
33 years$1,431$988$666$440$287$123
34 years$1,374$936$622$405$260$108
35 years$1,320$888$582$373$235$95
36 years$1,269$843$544$343$213$83
37 years$1,221$800$509$316$193$73
38 years$1,176$761$477$292$175$64
39 years$1,133$723$447$269$159$56
40 years$1,092$688$419$248$144$49
41 years$1,054$655$393$229$131$43
42 years$1,017$624$368$211$119$38
43 years$982$594$346$195$108$33
44 years$949$567$324$180$98$29
45 years$918$540$305$166$89$26
46 years$888$515$286$154$80$23
47 years$859$492$269$142$73$20
48 years$831$470$253$131$66$18
49 years$805$448$237$121$60$15
50 years$780$428$223$112$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $799,000, adding $4,392 every year, while hoping to spend $25,880 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: 61/17/22 Blend
63$799,000$799,000$799,000$799,000
64$885,028$842,681$830,297$933,641
65$947,765$856,437$830,576$980,829
66$1,016,034$869,999$829,996$1,029,074
67$1,090,371$883,330$828,503$1,081,153
68$1,171,368$896,392$826,037$1,137,441
69$1,259,674$909,142$822,536$1,198,354
70$1,356,006$921,535$817,936$1,264,351
71$1,461,150$933,523$812,169$1,335,937
72$1,575,975$945,053$805,164$1,413,669
73$1,701,434$956,070$796,846$1,498,163
74$1,838,578$966,515$787,139$1,590,096
75$1,988,565$976,326$775,959$1,690,217
76$2,152,667$985,434$763,222$1,799,350
77$2,332,287$993,769$748,839$1,918,405
78$2,528,970$1,001,254$732,715$2,048,386
79$2,744,417$1,007,807$714,753$2,190,400
80$2,980,501$1,013,342$694,850$2,345,666
81$3,239,283$1,017,768$672,899$2,515,531
82$3,523,037$1,020,985$648,788$2,701,479
83$3,834,265$1,022,891$622,400$2,905,146
84$4,175,721$1,023,374$593,612$3,128,339
85$4,550,443$1,022,317$562,296$3,373,047
86$4,961,773$1,019,596$528,318$3,641,466
87$5,413,395$1,015,078$491,538$3,936,017
88$5,909,367$1,008,622$451,810$4,259,369
89$6,454,157$1,000,080$408,980$4,614,464
90$7,052,691$989,293$362,890$5,004,550
91$7,710,391$976,094$313,373$5,433,203
92$8,433,234$960,306$260,254$5,904,371
93$9,227,803$941,740$203,352$6,422,404
94$10,101,351$920,197$142,477$6,992,098
95$11,061,869$895,467$77,430$7,618,744
96$12,118,161$867,326$8,004$8,308,172
97$13,279,925$835,537$0$9,066,811
98$14,557,849$799,850$0$9,917,263
99$15,963,708$760,001$0$10,854,842
100$17,510,475$715,709$0$11,886,339