Can I retire at age 64 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$66,146$65,557$64,982$64,421$63,873$63,232
2 years$32,745$32,136$31,545$30,972$30,416$29,770
3 years$21,613$21,001$20,411$19,844$19,297$18,667
4 years$16,049$15,438$14,854$14,296$13,763$13,153
5 years$12,710$12,104$11,528$10,981$10,462$9,875
6 years$10,486$9,883$9,316$8,782$8,278$7,714
7 years$8,897$8,300$7,742$7,220$6,733$6,191
8 years$7,707$7,115$6,565$6,056$5,585$5,066
9 years$6,781$6,195$5,655$5,159$4,704$4,208
10 years$6,041$5,460$4,930$4,447$4,008$3,534
11 years$5,436$4,861$4,340$3,870$3,447$2,995
12 years$4,932$4,363$3,852$3,395$2,987$2,557
13 years$4,506$3,943$3,441$2,997$2,605$2,196
14 years$4,141$3,584$3,092$2,660$2,283$1,895
15 years$3,825$3,274$2,792$2,373$2,010$1,642
16 years$3,549$3,004$2,531$2,124$1,777$1,428
17 years$3,305$2,766$2,303$1,909$1,575$1,246
18 years$3,089$2,556$2,103$1,720$1,401$1,089
19 years$2,896$2,369$1,925$1,554$1,249$954
20 years$2,722$2,202$1,767$1,408$1,115$838
21 years$2,565$2,051$1,625$1,278$998$737
22 years$2,423$1,914$1,498$1,162$895$649
23 years$2,293$1,790$1,383$1,058$803$572
24 years$2,174$1,677$1,279$965$722$505
25 years$2,065$1,574$1,184$881$649$446
26 years$1,964$1,479$1,098$806$585$394
27 years$1,871$1,392$1,020$737$527$349
28 years$1,785$1,312$948$676$476$309
29 years$1,705$1,238$882$620$430$274
30 years$1,630$1,169$822$569$388$242
31 years$1,561$1,105$766$522$351$215
32 years$1,496$1,046$715$480$318$191
33 years$1,434$990$668$441$287$169
34 years$1,377$938$624$406$260$150
35 years$1,323$890$583$374$236$133
36 years$1,272$845$546$344$214$118
37 years$1,224$802$511$317$194$105
38 years$1,179$763$478$292$175$93
39 years$1,136$725$448$270$159$83
40 years$1,095$690$420$249$144$74
41 years$1,056$657$394$229$131$66
42 years$1,020$625$369$212$119$58
43 years$985$596$347$195$108$52
44 years$952$568$325$180$98$46
45 years$920$542$305$167$89$41
46 years$890$517$287$154$81$36
47 years$861$493$270$142$73$32
48 years$834$471$253$131$67$29
49 years$807$450$238$121$60$26
50 years$782$429$224$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $801,000, adding $2,161 every year, while hoping to spend $34,893 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: 41/50/9 Blend
63$801,000$801,000$801,000$801,000
64$884,931$842,478$830,063$918,763
65$938,068$846,634$820,744$946,813
66$995,456$849,823$809,943$973,491
67$1,057,491$851,963$797,575$1,001,575
68$1,124,609$852,963$783,548$1,031,207
69$1,197,289$852,729$767,767$1,062,544
70$1,276,059$851,159$750,134$1,095,762
71$1,361,499$848,147$730,544$1,131,058
72$1,454,244$843,579$708,890$1,168,649
73$1,554,996$837,333$685,057$1,208,779
74$1,664,526$829,283$658,927$1,251,718
75$1,783,682$819,293$630,376$1,297,767
76$1,913,398$807,218$599,273$1,347,259
77$2,054,699$792,906$565,483$1,400,567
78$2,208,716$776,197$528,865$1,458,102
79$2,376,693$756,918$489,270$1,520,325
80$2,559,999$734,890$446,543$1,587,743
81$2,760,139$709,920$400,523$1,660,922
82$2,978,773$681,806$351,040$1,740,489
83$3,217,726$650,332$297,918$1,827,142
84$3,479,008$615,273$240,973$1,921,651
85$3,764,833$576,388$180,012$2,024,873
86$4,077,638$533,422$114,834$2,137,757
87$4,420,106$486,109$45,229$2,261,356
88$4,795,192$434,163$0$2,396,836
89$5,206,149$377,285$0$2,548,278
90$5,656,563$315,159$0$2,719,140
91$6,150,380$247,449$0$2,906,683
92$6,691,947$173,802$0$3,112,683
93$7,286,051$93,844$0$3,339,110
94$7,937,968$7,182$0$3,588,138
95$8,653,505$0$0$3,862,175
96$9,439,061$0$0$4,211,528
97$10,301,686$0$0$4,599,602
98$11,249,143$0$0$5,025,953
99$12,289,987$0$0$5,494,443
100$13,433,640$0$0$6,009,328