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%17.7%
1 years$65,981$65,393$64,820$64,260$63,713$61,723
2 years$32,664$32,055$31,466$30,894$30,340$28,352
3 years$21,559$20,949$20,360$19,794$19,249$17,327
4 years$16,008$15,399$14,817$14,261$13,728$11,886
5 years$12,679$12,073$11,499$10,954$10,436$8,679
6 years$10,460$9,859$9,293$8,760$8,258$6,587
7 years$8,875$8,279$7,722$7,202$6,716$5,131
8 years$7,687$7,097$6,549$6,041$5,571$4,072
9 years$6,764$6,179$5,641$5,146$4,692$3,276
10 years$6,026$5,447$4,918$4,436$3,998$2,663
11 years$5,422$4,849$4,329$3,860$3,438$2,183
12 years$4,919$4,352$3,842$3,386$2,979$1,800
13 years$4,494$3,933$3,433$2,989$2,598$1,493
14 years$4,131$3,575$3,084$2,654$2,278$1,243
15 years$3,815$3,266$2,785$2,367$2,005$1,038
16 years$3,540$2,996$2,525$2,119$1,772$869
17 years$3,297$2,759$2,298$1,904$1,571$730
18 years$3,081$2,550$2,097$1,716$1,397$614
19 years$2,889$2,363$1,920$1,550$1,245$517
20 years$2,716$2,196$1,762$1,404$1,112$436
21 years$2,559$2,045$1,621$1,274$995$369
22 years$2,417$1,909$1,494$1,159$892$312
23 years$2,287$1,786$1,379$1,055$801$264
24 years$2,169$1,673$1,276$962$720$223
25 years$2,060$1,570$1,181$879$648$189
26 years$1,960$1,476$1,096$804$584$160
27 years$1,867$1,389$1,017$736$526$136
28 years$1,781$1,309$946$674$475$115
29 years$1,701$1,235$880$618$429$98
30 years$1,626$1,166$820$567$387$83
31 years$1,557$1,102$764$521$350$70
32 years$1,492$1,043$713$479$317$60
33 years$1,431$988$666$440$287$51
34 years$1,374$936$622$405$260$43
35 years$1,320$888$582$373$235$37
36 years$1,269$843$544$343$213$31
37 years$1,221$800$509$316$193$26
38 years$1,176$761$477$292$175$22
39 years$1,133$723$447$269$159$19
40 years$1,092$688$419$248$144$16
41 years$1,054$655$393$229$131$14
42 years$1,017$624$368$211$119$12
43 years$982$594$346$195$108$10
44 years$949$567$324$180$98$8
45 years$918$540$305$166$89$7
46 years$888$515$286$154$80$6
47 years$859$492$269$142$73$5
48 years$831$470$253$131$66$4
49 years$805$448$237$121$60$4
50 years$780$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $799,000, adding $5,379 every year, while hoping to spend $43,356 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: 75/13/12 Blend
63$799,000$799,000$799,000$799,000
64$886,046$843,699$831,315$949,990
65$930,293$838,910$813,034$988,130
66$977,599$832,433$792,687$1,023,948
67$1,028,232$824,140$770,159$1,062,001
68$1,082,483$813,894$745,331$1,102,498
69$1,140,673$801,552$718,076$1,145,667
70$1,203,153$786,960$688,263$1,191,763
71$1,270,309$769,955$655,755$1,241,064
72$1,342,565$750,368$620,407$1,293,881
73$1,420,386$728,015$582,070$1,350,554
74$1,504,282$702,704$540,586$1,411,459
75$1,594,815$674,232$495,791$1,477,013
76$1,692,600$642,384$447,515$1,547,675
77$1,798,316$606,931$395,577$1,623,950
78$1,912,706$567,633$339,791$1,706,399
79$2,036,589$524,234$279,961$1,795,639
80$2,170,866$476,466$215,884$1,892,353
81$2,316,524$424,043$147,346$1,997,292
82$2,474,653$366,665$74,126$2,111,287
83$2,646,449$304,013$0$2,235,257
84$2,833,230$235,752$0$2,370,726
85$3,036,442$161,527$0$2,528,461
86$3,257,679$80,962$0$2,700,228
87$3,498,696$0$0$2,887,420
88$3,761,422$0$0$3,092,482
89$4,047,980$0$0$3,328,808
90$4,360,709$0$0$3,586,747
91$4,702,180$0$0$3,868,426
92$5,075,227$0$0$4,176,185
93$5,482,968$0$0$4,512,600
94$5,928,835$0$0$4,880,508
95$6,416,609$0$0$5,283,034
96$6,950,452$0$0$5,723,615
97$7,534,945$0$0$6,206,040
98$8,175,137$0$0$6,734,478
99$8,876,585$0$0$7,313,523
100$9,645,409$0$0$7,948,233