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%19.8%
1 years$66,394$65,802$65,225$64,662$64,112$61,593
2 years$32,868$32,256$31,663$31,088$30,530$28,022
3 years$21,694$21,080$20,488$19,918$19,369$16,953
4 years$16,109$15,496$14,910$14,350$13,814$11,507
5 years$12,758$12,149$11,571$11,022$10,501$8,309
6 years$10,525$9,920$9,351$8,814$8,309$6,234
7 years$8,931$8,331$7,771$7,247$6,758$4,798
8 years$7,736$7,141$6,590$6,079$5,606$3,761
9 years$6,806$6,218$5,676$5,178$4,721$2,987
10 years$6,063$5,481$4,949$4,464$4,023$2,396
11 years$5,456$4,879$4,357$3,885$3,460$1,937
12 years$4,950$4,379$3,866$3,407$2,998$1,576
13 years$4,523$3,958$3,454$3,008$2,614$1,288
14 years$4,156$3,597$3,104$2,670$2,292$1,057
15 years$3,839$3,286$2,802$2,381$2,018$869
16 years$3,562$3,015$2,541$2,132$1,783$717
17 years$3,318$2,777$2,312$1,916$1,581$593
18 years$3,101$2,566$2,110$1,727$1,406$491
19 years$2,907$2,378$1,932$1,560$1,253$407
20 years$2,733$2,210$1,773$1,413$1,119$338
21 years$2,575$2,058$1,631$1,282$1,002$281
22 years$2,432$1,921$1,503$1,166$898$234
23 years$2,302$1,797$1,388$1,062$806$194
24 years$2,182$1,684$1,284$969$724$162
25 years$2,073$1,580$1,189$884$652$135
26 years$1,972$1,485$1,103$809$587$112
27 years$1,878$1,398$1,024$740$529$94
28 years$1,792$1,317$952$678$478$78
29 years$1,712$1,242$886$622$431$65
30 years$1,637$1,173$825$571$390$54
31 years$1,567$1,109$769$524$352$45
32 years$1,501$1,049$718$482$319$38
33 years$1,440$994$670$443$288$31
34 years$1,382$942$626$408$261$26
35 years$1,328$893$585$375$237$22
36 years$1,277$848$548$346$214$18
37 years$1,229$805$513$318$194$15
38 years$1,183$765$480$293$176$13
39 years$1,140$728$450$271$160$11
40 years$1,099$692$421$250$145$9
41 years$1,060$659$395$230$131$7
42 years$1,024$628$371$213$119$6
43 years$989$598$348$196$108$5
44 years$955$570$327$181$98$4
45 years$924$544$307$167$89$4
46 years$893$519$288$155$81$3
47 years$864$495$271$143$74$3
48 years$837$473$254$132$67$2
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $804,000, adding $6,248 every year, while hoping to spend $45,551 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: 51/23/26 Blend
63$804,000$804,000$804,000$804,000
64$892,453$849,841$837,379$931,165
65$935,017$843,017$816,965$951,909
66$980,396$834,332$794,341$969,348
67$1,028,829$823,647$769,384$987,398
68$1,080,578$810,814$741,967$1,006,135
69$1,135,930$795,677$711,955$1,025,648
70$1,195,199$778,069$679,210$1,046,036
71$1,258,731$757,817$643,585$1,067,411
72$1,326,904$734,732$604,928$1,089,902
73$1,400,135$708,620$563,079$1,113,650
74$1,478,878$679,272$517,872$1,138,817
75$1,563,634$646,467$469,131$1,165,585
76$1,654,954$609,973$416,676$1,194,159
77$1,753,441$569,544$360,317$1,224,767
78$1,859,759$524,918$299,855$1,257,665
79$1,974,637$475,822$235,082$1,293,143
80$2,098,875$421,962$165,782$1,331,520
81$2,233,355$363,033$91,730$1,373,159
82$2,379,044$298,708$12,690$1,418,461
83$2,537,006$228,645$0$1,467,876
84$2,708,413$152,480$0$1,541,785
85$2,894,551$69,832$0$1,625,916
86$3,096,836$0$0$1,717,444
87$3,316,827$0$0$1,822,126
88$3,556,236$0$0$1,955,356
89$3,816,949$0$0$2,100,518
90$4,101,041$0$0$2,258,775
91$4,410,795$0$0$2,431,412
92$4,748,726$0$0$2,619,838
93$5,117,597$0$0$2,825,606
94$5,520,456$0$0$3,050,427
95$5,960,654$0$0$3,296,184
96$6,441,880$0$0$3,564,947
97$6,968,199$0$0$3,859,000
98$7,544,083$0$0$4,180,855
99$8,174,460$0$0$4,533,278
100$8,864,752$0$0$4,919,317