Can I retire at age 64 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,063$65,475$64,901$64,340$63,793$61,925
2 years$32,705$32,095$31,505$30,933$30,378$28,510
3 years$21,586$20,975$20,386$19,819$19,273$17,465
4 years$16,029$15,419$14,836$14,278$13,746$12,012
5 years$12,695$12,088$11,513$10,967$10,449$8,793
6 years$10,473$9,871$9,304$8,771$8,268$6,692
7 years$8,886$8,290$7,732$7,211$6,724$5,228
8 years$7,697$7,106$6,557$6,049$5,578$4,161
9 years$6,773$6,187$5,648$5,152$4,698$3,358
10 years$6,033$5,453$4,924$4,441$4,003$2,738
11 years$5,429$4,855$4,335$3,865$3,442$2,252
12 years$4,926$4,357$3,847$3,390$2,983$1,863
13 years$4,500$3,938$3,437$2,993$2,601$1,550
14 years$4,136$3,579$3,088$2,657$2,280$1,295
15 years$3,820$3,270$2,788$2,370$2,008$1,085
16 years$3,544$3,000$2,528$2,122$1,775$913
17 years$3,301$2,763$2,300$1,906$1,573$769
18 years$3,085$2,553$2,100$1,718$1,399$649
19 years$2,892$2,366$1,922$1,552$1,247$549
20 years$2,719$2,199$1,764$1,406$1,114$465
21 years$2,562$2,048$1,623$1,276$997$394
22 years$2,420$1,912$1,496$1,160$893$335
23 years$2,290$1,788$1,381$1,057$802$284
24 years$2,172$1,675$1,277$964$721$241
25 years$2,063$1,572$1,183$880$649$205
26 years$1,962$1,478$1,097$805$584$175
27 years$1,869$1,391$1,019$737$527$149
28 years$1,783$1,310$947$675$475$127
29 years$1,703$1,236$881$619$429$108
30 years$1,628$1,167$821$568$388$92
31 years$1,559$1,104$765$522$351$78
32 years$1,494$1,044$714$479$317$67
33 years$1,433$989$667$441$287$57
34 years$1,375$937$623$406$260$49
35 years$1,321$889$582$373$235$41
36 years$1,271$844$545$344$213$35
37 years$1,223$801$510$317$193$30
38 years$1,177$762$478$292$175$26
39 years$1,134$724$447$269$159$22
40 years$1,094$689$419$248$144$19
41 years$1,055$656$393$229$131$16
42 years$1,019$625$369$211$119$14
43 years$984$595$346$195$108$12
44 years$951$567$325$180$98$10
45 years$919$541$305$166$89$8
46 years$889$516$287$154$81$7
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$4
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $800,000, adding $5,283 every year, while hoping to spend $36,294 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: 77/5/18 Blend
63$800,000$800,000$800,000$800,000
64$887,049$844,649$832,249$951,348
65$938,912$847,421$821,513$997,338
66$994,848$849,111$809,201$1,042,706
67$1,055,235$849,630$795,222$1,091,483
68$1,120,487$848,880$779,479$1,143,996
69$1,191,059$846,758$761,875$1,200,610
70$1,267,453$843,155$742,304$1,261,723
71$1,350,219$837,955$720,656$1,327,777
72$1,439,962$831,035$696,819$1,399,257
73$1,537,347$822,265$670,671$1,476,700
74$1,643,106$811,506$642,088$1,560,695
75$1,758,045$798,612$610,940$1,651,894
76$1,883,048$783,427$577,090$1,751,015
77$2,019,091$765,787$540,394$1,858,850
78$2,167,246$745,517$500,705$1,976,273
79$2,328,692$722,435$457,865$2,104,244
80$2,504,727$696,343$411,713$2,243,826
81$2,696,782$667,036$362,077$2,396,190
82$2,906,427$634,294$308,781$2,562,624
83$3,135,396$597,888$251,638$2,744,553
84$3,385,594$557,572$190,455$2,943,544
85$3,659,119$513,087$125,030$3,161,328
86$3,958,281$464,161$55,151$3,399,810
87$4,285,626$410,504$0$3,661,095
88$4,643,952$351,812$0$3,951,229
89$5,036,346$287,761$0$4,280,585
90$5,466,203$218,011$0$4,641,425
91$5,937,264$142,202$0$5,036,901
92$6,453,649$59,954$0$5,470,491
93$7,019,895$0$0$5,946,022
94$7,640,999$0$0$6,469,316
95$8,322,466$0$0$7,047,115
96$9,070,358$0$0$7,681,264
97$9,891,353$0$0$8,377,430
98$10,792,809$0$0$9,141,854
99$11,782,827$0$0$9,981,411
100$12,870,336$0$0$10,903,677