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%15%
1 years$66,063$65,475$64,901$64,340$63,793$62,480
2 years$32,705$32,095$31,505$30,933$30,378$29,060
3 years$21,586$20,975$20,386$19,819$19,273$17,993
4 years$16,029$15,419$14,836$14,278$13,746$12,512
5 years$12,695$12,088$11,513$10,967$10,449$9,267
6 years$10,473$9,871$9,304$8,771$8,268$7,137
7 years$8,886$8,290$7,732$7,211$6,724$5,646
8 years$7,697$7,106$6,557$6,049$5,578$4,552
9 years$6,773$6,187$5,648$5,152$4,698$3,722
10 years$6,033$5,453$4,924$4,441$4,003$3,077
11 years$5,429$4,855$4,335$3,865$3,442$2,566
12 years$4,926$4,357$3,847$3,390$2,983$2,154
13 years$4,500$3,938$3,437$2,993$2,601$1,819
14 years$4,136$3,579$3,088$2,657$2,280$1,543
15 years$3,820$3,270$2,788$2,370$2,008$1,313
16 years$3,544$3,000$2,528$2,122$1,775$1,121
17 years$3,301$2,763$2,300$1,906$1,573$960
18 years$3,085$2,553$2,100$1,718$1,399$824
19 years$2,892$2,366$1,922$1,552$1,247$708
20 years$2,719$2,199$1,764$1,406$1,114$610
21 years$2,562$2,048$1,623$1,276$997$526
22 years$2,420$1,912$1,496$1,160$893$454
23 years$2,290$1,788$1,381$1,057$802$392
24 years$2,172$1,675$1,277$964$721$339
25 years$2,063$1,572$1,183$880$649$294
26 years$1,962$1,478$1,097$805$584$254
27 years$1,869$1,391$1,019$737$527$220
28 years$1,783$1,310$947$675$475$191
29 years$1,703$1,236$881$619$429$166
30 years$1,628$1,167$821$568$388$144
31 years$1,559$1,104$765$522$351$125
32 years$1,494$1,044$714$479$317$108
33 years$1,433$989$667$441$287$94
34 years$1,375$937$623$406$260$82
35 years$1,321$889$582$373$235$71
36 years$1,271$844$545$344$213$62
37 years$1,223$801$510$317$193$54
38 years$1,177$762$478$292$175$47
39 years$1,134$724$447$269$159$40
40 years$1,094$689$419$248$144$35
41 years$1,055$656$393$229$131$31
42 years$1,019$625$369$211$119$27
43 years$984$595$346$195$108$23
44 years$951$567$325$180$98$20
45 years$919$541$305$166$89$17
46 years$889$516$287$154$81$15
47 years$860$492$269$142$73$13
48 years$833$470$253$131$66$11
49 years$806$449$238$121$60$10
50 years$781$429$224$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $800,000, adding $2,239 every year, while hoping to spend $59,881 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: 54/24/22 Blend
63$800,000$800,000$800,000$800,000
64$883,910$841,510$829,110$926,199
65$910,355$819,031$793,172$933,005
66$937,492$793,443$754,023$933,959
67$965,326$764,532$711,493$933,727
68$993,864$732,068$665,402$932,216
69$1,023,110$695,812$615,565$929,323
70$1,053,067$655,506$561,787$924,944
71$1,083,736$610,882$503,863$918,964
72$1,115,116$561,655$441,581$911,262
73$1,147,203$507,521$374,719$901,710
74$1,179,991$448,163$303,045$890,172
75$1,213,470$383,243$226,318$876,502
76$1,247,627$312,405$144,282$860,545
77$1,282,445$235,273$56,676$842,136
78$1,317,903$151,450$0$821,101
79$1,353,974$60,516$0$805,894
80$1,390,626$0$0$802,435
81$1,427,821$0$0$807,293
82$1,465,513$0$0$828,388
83$1,503,650$0$0$849,706
84$1,542,169$0$0$871,208
85$1,580,999$0$0$892,850
86$1,620,058$0$0$914,582
87$1,659,252$0$0$936,346
88$1,698,473$0$0$958,078
89$1,737,598$0$0$979,703
90$1,776,490$0$0$1,001,136
91$1,814,991$0$0$1,022,282
92$1,852,923$0$0$1,043,035
93$1,890,089$0$0$1,063,274
94$1,926,262$0$0$1,082,863
95$1,961,192$0$0$1,101,651
96$1,994,595$0$0$1,119,469
97$2,026,157$0$0$1,136,125
98$2,055,524$0$0$1,151,408
99$2,082,301$0$0$1,165,081
100$2,106,048$0$0$1,176,880