Can I retire at age 64 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$66,228$65,638$65,063$64,501$63,953$62,457
2 years$32,786$32,176$31,584$31,010$30,454$28,956
3 years$21,640$21,027$20,437$19,869$19,321$17,867
4 years$16,069$15,457$14,873$14,314$13,780$12,381
5 years$12,726$12,119$11,542$10,995$10,475$9,136
6 years$10,499$9,896$9,328$8,792$8,289$7,010
7 years$8,909$8,310$7,751$7,229$6,741$5,523
8 years$7,716$7,124$6,574$6,064$5,592$4,435
9 years$6,789$6,202$5,662$5,165$4,710$3,611
10 years$6,048$5,467$4,936$4,452$4,013$2,973
11 years$5,443$4,867$4,346$3,875$3,451$2,468
12 years$4,938$4,368$3,857$3,399$2,991$2,062
13 years$4,511$3,948$3,446$3,001$2,608$1,733
14 years$4,146$3,588$3,096$2,664$2,286$1,463
15 years$3,830$3,278$2,795$2,376$2,013$1,239
16 years$3,553$3,008$2,534$2,127$1,779$1,053
17 years$3,309$2,770$2,306$1,911$1,577$897
18 years$3,093$2,559$2,105$1,722$1,402$766
19 years$2,900$2,372$1,927$1,556$1,250$655
20 years$2,726$2,204$1,769$1,409$1,117$561
21 years$2,569$2,053$1,627$1,279$999$481
22 years$2,426$1,917$1,499$1,163$896$413
23 years$2,296$1,793$1,384$1,059$804$355
24 years$2,177$1,679$1,280$966$723$305
25 years$2,068$1,576$1,186$882$650$263
26 years$1,967$1,481$1,100$807$586$226
27 years$1,874$1,394$1,021$738$528$195
28 years$1,787$1,314$949$677$477$168
29 years$1,707$1,239$884$620$430$145
30 years$1,633$1,170$823$569$389$125
31 years$1,563$1,106$767$523$351$108
32 years$1,497$1,047$716$481$318$93
33 years$1,436$991$668$442$288$80
34 years$1,379$940$625$407$261$69
35 years$1,325$891$584$374$236$60
36 years$1,274$846$546$345$214$52
37 years$1,226$803$511$318$194$45
38 years$1,180$764$479$293$176$39
39 years$1,137$726$449$270$159$33
40 years$1,096$691$420$249$144$29
41 years$1,058$658$394$230$131$25
42 years$1,021$626$370$212$119$21
43 years$986$597$347$196$108$19
44 years$953$569$326$181$98$16
45 years$921$542$306$167$89$14
46 years$891$517$287$154$81$12
47 years$862$494$270$142$73$10
48 years$835$471$254$132$67$9
49 years$808$450$238$122$60$8
50 years$783$430$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $802,000, adding $4,473 every year, while hoping to spend $30,486 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: 33/39/28 Blend
63$802,000$802,000$802,000$802,000
64$888,418$845,912$833,481$910,059
65$946,600$854,925$828,966$935,901
66$1,009,694$863,357$823,277$960,713
67$1,078,170$871,149$816,345$986,862
68$1,152,544$878,236$808,092$1,014,488
69$1,233,382$884,548$798,442$1,043,745
70$1,321,310$890,013$787,312$1,074,807
71$1,417,012$894,553$774,616$1,107,868
72$1,521,246$898,084$760,264$1,143,142
73$1,634,842$900,519$744,162$1,180,867
74$1,758,715$901,764$726,211$1,221,311
75$1,893,872$901,719$706,307$1,264,768
76$2,041,422$900,279$684,344$1,311,568
77$2,202,586$897,330$660,207$1,362,075
78$2,378,705$892,755$633,780$1,416,695
79$2,571,259$886,427$604,938$1,475,879
80$2,781,877$878,211$573,553$1,540,127
81$3,012,351$867,965$539,489$1,609,993
82$3,264,654$855,539$502,606$1,686,093
83$3,540,962$840,774$462,756$1,769,110
84$3,843,667$823,499$419,785$1,859,801
85$4,175,406$803,535$373,533$1,959,004
86$4,539,083$780,694$323,832$2,067,650
87$4,937,895$754,773$270,506$2,186,768
88$5,375,364$725,561$213,372$2,317,499
89$5,855,371$692,833$152,239$2,461,107
90$6,382,186$656,350$86,907$2,618,992
91$6,960,519$615,860$17,168$2,792,700
92$7,595,553$571,098$0$2,983,947
93$8,292,999$521,783$0$3,211,734
94$9,059,151$467,615$0$3,467,639
95$9,900,938$408,282$0$3,748,919
96$10,825,997$343,451$0$4,058,214
97$11,842,739$272,771$0$4,398,439
98$12,960,433$195,871$0$4,772,813
99$14,189,287$112,359$0$5,184,886
100$15,540,553$21,823$0$5,638,582