Can I retire at age 64 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$66,394$65,802$65,225$64,662$64,112$63,416
2 years$32,868$32,256$31,663$31,088$30,530$29,829
3 years$21,694$21,080$20,488$19,918$19,369$18,685
4 years$16,109$15,496$14,910$14,350$13,814$13,153
5 years$12,758$12,149$11,571$11,022$10,501$9,864
6 years$10,525$9,920$9,351$8,814$8,309$7,697
7 years$8,931$8,331$7,771$7,247$6,758$6,171
8 years$7,736$7,141$6,590$6,079$5,606$5,044
9 years$6,806$6,218$5,676$5,178$4,721$4,184
10 years$6,063$5,481$4,949$4,464$4,023$3,510
11 years$5,456$4,879$4,357$3,885$3,460$2,971
12 years$4,950$4,379$3,866$3,407$2,998$2,533
13 years$4,523$3,958$3,454$3,008$2,614$2,173
14 years$4,156$3,597$3,104$2,670$2,292$1,873
15 years$3,839$3,286$2,802$2,381$2,018$1,621
16 years$3,562$3,015$2,541$2,132$1,783$1,407
17 years$3,318$2,777$2,312$1,916$1,581$1,226
18 years$3,101$2,566$2,110$1,727$1,406$1,070
19 years$2,907$2,378$1,932$1,560$1,253$936
20 years$2,733$2,210$1,773$1,413$1,119$821
21 years$2,575$2,058$1,631$1,282$1,002$721
22 years$2,432$1,921$1,503$1,166$898$634
23 years$2,302$1,797$1,388$1,062$806$558
24 years$2,182$1,684$1,284$969$724$492
25 years$2,073$1,580$1,189$884$652$434
26 years$1,972$1,485$1,103$809$587$383
27 years$1,878$1,398$1,024$740$529$338
28 years$1,792$1,317$952$678$478$299
29 years$1,712$1,242$886$622$431$264
30 years$1,637$1,173$825$571$390$234
31 years$1,567$1,109$769$524$352$207
32 years$1,501$1,049$718$482$319$183
33 years$1,440$994$670$443$288$162
34 years$1,382$942$626$408$261$144
35 years$1,328$893$585$375$237$128
36 years$1,277$848$548$346$214$113
37 years$1,229$805$513$318$194$100
38 years$1,183$765$480$293$176$89
39 years$1,140$728$450$271$160$79
40 years$1,099$692$421$250$145$70
41 years$1,060$659$395$230$131$62
42 years$1,024$628$371$213$119$55
43 years$989$598$348$196$108$49
44 years$955$570$327$181$98$43
45 years$924$544$307$167$89$38
46 years$893$519$288$155$81$34
47 years$864$495$271$143$74$30
48 years$837$473$254$132$67$27
49 years$810$451$239$122$61$24
50 years$785$431$225$113$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $804,000, adding $6,422 every year, while hoping to spend $58,917 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: 90/5/5 Blend
63$804,000$804,000$804,000$804,000
64$892,632$850,020$837,558$972,542
65$920,994$828,984$802,929$1,004,426
66$950,273$804,942$765,166$1,030,443
67$980,502$777,686$724,100$1,057,068
68$1,011,714$746,993$679,557$1,084,313
69$1,043,941$712,628$631,356$1,112,191
70$1,077,221$674,345$579,304$1,140,715
71$1,111,589$631,879$523,202$1,169,896
72$1,147,085$584,955$462,843$1,199,748
73$1,183,747$533,277$398,008$1,230,285
74$1,221,618$476,537$328,470$1,261,519
75$1,260,742$414,406$253,992$1,293,465
76$1,301,164$346,538$174,327$1,326,137
77$1,342,931$272,567$89,216$1,359,550
78$1,386,094$192,106$0$1,393,720
79$1,430,703$104,748$0$1,428,748
80$1,476,815$10,060$0$1,469,650
81$1,524,486$0$0$1,511,694
82$1,573,776$0$0$1,560,000
83$1,624,748$0$0$1,610,527
84$1,677,468$0$0$1,662,786
85$1,732,006$0$0$1,716,848
86$1,788,435$0$0$1,772,784
87$1,846,832$0$0$1,830,671
88$1,907,279$0$0$1,890,591
89$1,969,862$0$0$1,952,627
90$2,034,672$0$0$2,016,872
91$2,101,805$0$0$2,083,419
92$2,171,362$0$0$2,152,369
93$2,243,453$0$0$2,223,831
94$2,318,190$0$0$2,297,918
95$2,395,697$0$0$2,374,749
96$2,476,103$0$0$2,454,455
97$2,559,546$0$0$2,537,171
98$2,646,173$0$0$2,623,043
99$2,736,140$0$0$2,712,228
100$2,829,616$0$0$2,804,891