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%11.3%
1 years$66,063$65,475$64,901$64,340$63,793$63,444
2 years$32,705$32,095$31,505$30,933$30,378$30,026
3 years$21,586$20,975$20,386$19,819$19,273$18,929
4 years$16,029$15,419$14,836$14,278$13,746$13,412
5 years$12,695$12,088$11,513$10,967$10,449$10,127
6 years$10,473$9,871$9,304$8,771$8,268$7,957
7 years$8,886$8,290$7,732$7,211$6,724$6,425
8 years$7,697$7,106$6,557$6,049$5,578$5,292
9 years$6,773$6,187$5,648$5,152$4,698$4,423
10 years$6,033$5,453$4,924$4,441$4,003$3,740
11 years$5,429$4,855$4,335$3,865$3,442$3,191
12 years$4,926$4,357$3,847$3,390$2,983$2,743
13 years$4,500$3,938$3,437$2,993$2,601$2,372
14 years$4,136$3,579$3,088$2,657$2,280$2,062
15 years$3,820$3,270$2,788$2,370$2,008$1,800
16 years$3,544$3,000$2,528$2,122$1,775$1,577
17 years$3,301$2,763$2,300$1,906$1,573$1,386
18 years$3,085$2,553$2,100$1,718$1,399$1,221
19 years$2,892$2,366$1,922$1,552$1,247$1,079
20 years$2,719$2,199$1,764$1,406$1,114$955
21 years$2,562$2,048$1,623$1,276$997$846
22 years$2,420$1,912$1,496$1,160$893$751
23 years$2,290$1,788$1,381$1,057$802$668
24 years$2,172$1,675$1,277$964$721$595
25 years$2,063$1,572$1,183$880$649$530
26 years$1,962$1,478$1,097$805$584$472
27 years$1,869$1,391$1,019$737$527$422
28 years$1,783$1,310$947$675$475$377
29 years$1,703$1,236$881$619$429$337
30 years$1,628$1,167$821$568$388$301
31 years$1,559$1,104$765$522$351$269
32 years$1,494$1,044$714$479$317$241
33 years$1,433$989$667$441$287$216
34 years$1,375$937$623$406$260$193
35 years$1,321$889$582$373$235$173
36 years$1,271$844$545$344$213$155
37 years$1,223$801$510$317$193$139
38 years$1,177$762$478$292$175$125
39 years$1,134$724$447$269$159$112
40 years$1,094$689$419$248$144$100
41 years$1,055$656$393$229$131$90
42 years$1,019$625$369$211$119$81
43 years$984$595$346$195$108$73
44 years$951$567$325$180$98$65
45 years$919$541$305$166$89$58
46 years$889$516$287$154$81$52
47 years$860$492$269$142$73$47
48 years$833$470$253$131$66$42
49 years$806$449$238$121$60$38
50 years$781$429$224$112$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $800,000, adding $4,458 every year, while hoping to spend $49,972 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: 29/50/21 Blend
63$800,000$800,000$800,000$800,000
64$886,198$843,798$831,398$905,945
65$923,421$831,975$806,080$909,675
66$962,765$817,897$778,239$908,924
67$1,004,395$801,401$747,738$907,062
68$1,048,489$782,316$714,433$904,024
69$1,095,242$760,457$678,174$899,743
70$1,144,868$735,631$638,805$894,153
71$1,197,601$707,632$596,160$887,184
72$1,253,694$676,245$550,070$878,768
73$1,313,428$641,238$500,354$868,834
74$1,377,109$602,369$446,827$857,312
75$1,445,071$559,382$389,293$844,133
76$1,517,681$512,005$327,547$829,227
77$1,595,341$459,950$261,377$812,526
78$1,678,493$402,915$190,560$793,963
79$1,767,620$340,578$114,864$773,475
80$1,863,253$272,602$34,047$751,002
81$1,965,972$198,627$0$726,486
82$2,076,419$118,277$0$711,573
83$2,195,293$31,152$0$703,423
84$2,323,365$0$0$694,425
85$2,461,482$0$0$719,370
86$2,610,572$0$0$764,897
87$2,771,657$0$0$814,191
88$2,945,859$0$0$867,607
89$3,134,412$0$0$925,539
90$3,338,672$0$0$988,418
91$3,560,129$0$0$1,056,717
92$3,800,423$0$0$1,130,958
93$4,061,359$0$0$1,211,714
94$4,344,918$0$0$1,299,619
95$4,653,284$0$0$1,395,365
96$4,988,856$0$0$1,499,717
97$5,354,275$0$0$1,613,518
98$5,752,450$0$0$1,737,692
99$6,186,577$0$0$1,873,259
100$6,660,177$0$0$2,021,341