Can I retire at age 64 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$66,311$65,720$65,144$64,582$64,032$61,565
2 years$32,827$32,216$31,623$31,049$30,492$28,035
3 years$21,667$21,053$20,462$19,893$19,345$16,977
4 years$16,089$15,476$14,891$14,332$13,797$11,535
5 years$12,742$12,134$11,556$11,008$10,488$8,338
6 years$10,512$9,908$9,339$8,803$8,299$6,263
7 years$8,920$8,321$7,761$7,238$6,749$4,826
8 years$7,726$7,132$6,582$6,072$5,599$3,787
9 years$6,798$6,210$5,669$5,172$4,715$3,011
10 years$6,056$5,474$4,942$4,458$4,018$2,419
11 years$5,449$4,873$4,351$3,880$3,455$1,958
12 years$4,944$4,374$3,862$3,403$2,994$1,595
13 years$4,517$3,953$3,450$3,004$2,611$1,305
14 years$4,151$3,593$3,100$2,667$2,289$1,072
15 years$3,834$3,282$2,799$2,379$2,015$884
16 years$3,558$3,011$2,538$2,130$1,781$730
17 years$3,314$2,773$2,309$1,914$1,579$604
18 years$3,097$2,563$2,108$1,724$1,404$501
19 years$2,903$2,375$1,930$1,558$1,252$416
20 years$2,729$2,207$1,771$1,411$1,118$346
21 years$2,572$2,056$1,629$1,281$1,000$288
22 years$2,429$1,919$1,501$1,165$897$240
23 years$2,299$1,795$1,386$1,061$805$200
24 years$2,180$1,682$1,282$967$724$167
25 years$2,070$1,578$1,187$883$651$139
26 years$1,969$1,483$1,101$808$586$116
27 years$1,876$1,396$1,023$739$529$97
28 years$1,790$1,315$951$677$477$81
29 years$1,709$1,241$885$621$431$68
30 years$1,635$1,172$824$570$389$56
31 years$1,565$1,108$768$524$352$47
32 years$1,499$1,048$717$481$318$39
33 years$1,438$993$669$442$288$33
34 years$1,381$941$625$407$261$28
35 years$1,326$892$585$375$236$23
36 years$1,275$847$547$345$214$19
37 years$1,227$804$512$318$194$16
38 years$1,182$764$479$293$176$13
39 years$1,139$727$449$270$160$11
40 years$1,098$692$421$249$145$9
41 years$1,059$658$395$230$131$8
42 years$1,022$627$370$212$119$7
43 years$987$597$347$196$108$5
44 years$954$569$326$181$98$5
45 years$922$543$306$167$89$4
46 years$892$518$288$154$81$3
47 years$863$494$270$143$73$3
48 years$836$472$254$132$67$2
49 years$809$451$239$122$61$2
50 years$784$430$224$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $803,000, adding $3,344 every year, while hoping to spend $26,446 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: 53/37/10 Blend
63$803,000$803,000$803,000$803,000
64$888,355$845,796$833,350$932,998
65$950,829$859,102$833,129$977,014
66$1,018,789$872,173$832,014$1,021,732
67$1,092,767$884,971$829,947$1,069,762
68$1,173,347$897,452$826,869$1,121,423
69$1,261,173$909,573$822,714$1,177,067
70$1,356,955$921,283$817,416$1,237,083
71$1,461,471$932,533$810,907$1,301,898
72$1,575,580$943,266$803,111$1,371,986
73$1,700,227$953,424$793,953$1,447,866
74$1,836,452$962,944$783,352$1,530,115
75$1,985,400$971,758$771,225$1,619,366
76$2,148,332$979,796$757,482$1,716,319
77$2,326,637$986,980$742,032$1,821,745
78$2,521,843$993,231$724,779$1,936,497
79$2,735,633$998,462$705,622$2,061,514
80$2,969,861$1,002,580$684,454$2,197,831
81$3,226,569$1,005,489$661,166$2,346,593
82$3,508,006$1,007,085$635,641$2,509,061
83$3,816,648$1,007,257$607,760$2,686,625
84$4,155,222$1,005,888$577,396$2,880,820
85$4,526,733$1,002,855$544,417$3,093,340
86$4,934,489$998,025$508,685$3,326,051
87$5,382,137$991,258$470,056$3,581,014
88$5,873,692$982,406$428,379$3,860,500
89$6,413,576$971,312$383,497$4,167,017
90$7,006,662$957,808$335,246$4,503,328
91$7,658,319$941,717$283,454$4,872,482
92$8,374,459$922,853$227,942$5,277,842
93$9,161,598$901,017$168,522$5,723,117
94$10,026,913$875,999$104,999$6,212,397
95$10,978,311$847,576$37,170$6,750,193
96$12,024,504$815,513$0$7,341,480
97$13,175,091$779,560$0$7,995,503
98$14,440,647$739,455$0$8,719,031
99$15,832,822$694,918$0$9,514,790
100$17,364,455$645,654$0$10,390,164