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%14.9%
1 years$66,394$65,802$65,225$64,662$64,112$62,818
2 years$32,868$32,256$31,663$31,088$30,530$29,231
3 years$21,694$21,080$20,488$19,918$19,369$18,107
4 years$16,109$15,496$14,910$14,350$13,814$12,599
5 years$12,758$12,149$11,571$11,022$10,501$9,335
6 years$10,525$9,920$9,351$8,814$8,309$7,194
7 years$8,931$8,331$7,771$7,247$6,758$5,694
8 years$7,736$7,141$6,590$6,079$5,606$4,593
9 years$6,806$6,218$5,676$5,178$4,721$3,758
10 years$6,063$5,481$4,949$4,464$4,023$3,109
11 years$5,456$4,879$4,357$3,885$3,460$2,594
12 years$4,950$4,379$3,866$3,407$2,998$2,179
13 years$4,523$3,958$3,454$3,008$2,614$1,841
14 years$4,156$3,597$3,104$2,670$2,292$1,563
15 years$3,839$3,286$2,802$2,381$2,018$1,331
16 years$3,562$3,015$2,541$2,132$1,783$1,138
17 years$3,318$2,777$2,312$1,916$1,581$975
18 years$3,101$2,566$2,110$1,727$1,406$837
19 years$2,907$2,378$1,932$1,560$1,253$720
20 years$2,733$2,210$1,773$1,413$1,119$621
21 years$2,575$2,058$1,631$1,282$1,002$535
22 years$2,432$1,921$1,503$1,166$898$463
23 years$2,302$1,797$1,388$1,062$806$400
24 years$2,182$1,684$1,284$969$724$346
25 years$2,073$1,580$1,189$884$652$300
26 years$1,972$1,485$1,103$809$587$260
27 years$1,878$1,398$1,024$740$529$225
28 years$1,792$1,317$952$678$478$196
29 years$1,712$1,242$886$622$431$170
30 years$1,637$1,173$825$571$390$147
31 years$1,567$1,109$769$524$352$128
32 years$1,501$1,049$718$482$319$111
33 years$1,440$994$670$443$288$97
34 years$1,382$942$626$408$261$84
35 years$1,328$893$585$375$237$73
36 years$1,277$848$548$346$214$63
37 years$1,229$805$513$318$194$55
38 years$1,183$765$480$293$176$48
39 years$1,140$728$450$271$160$42
40 years$1,099$692$421$250$145$36
41 years$1,060$659$395$230$131$32
42 years$1,024$628$371$213$119$27
43 years$989$598$348$196$108$24
44 years$955$570$327$181$98$21
45 years$924$544$307$167$89$18
46 years$893$519$288$155$81$16
47 years$864$495$271$143$74$14
48 years$837$473$254$132$67$12
49 years$810$451$239$122$61$10
50 years$785$431$225$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $804,000, adding $5,554 every year, while hoping to spend $47,849 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: 36/39/25 Blend
63$804,000$804,000$804,000$804,000
64$891,737$849,125$836,663$916,960
65$931,783$839,821$813,780$926,765
66$974,310$828,458$788,527$932,566
67$1,019,521$814,883$760,774$937,884
68$1,067,637$798,937$730,385$942,707
69$1,118,901$780,450$697,217$947,024
70$1,173,578$759,241$661,123$950,830
71$1,231,959$735,121$621,947$954,121
72$1,294,364$707,886$579,528$956,900
73$1,361,142$677,325$533,694$959,175
74$1,432,675$643,211$484,270$960,959
75$1,509,385$605,305$431,070$962,275
76$1,591,732$563,355$373,901$963,151
77$1,680,223$517,094$312,561$963,627
78$1,775,414$466,240$246,839$963,754
79$1,877,914$410,493$176,516$963,596
80$1,988,393$349,539$101,361$963,229
81$2,107,587$283,045$21,135$962,748
82$2,236,305$210,658$0$962,265
83$2,375,435$132,007$0$979,112
84$2,525,954$46,700$0$1,003,382
85$2,688,935$0$0$1,029,686
86$2,865,558$0$0$1,077,915
87$3,057,121$0$0$1,152,056
88$3,265,050$0$0$1,232,632
89$3,490,915$0$0$1,320,262
90$3,736,443$0$0$1,415,632
91$4,003,532$0$0$1,519,490
92$4,294,272$0$0$1,632,666
93$4,610,963$0$0$1,756,068
94$4,956,135$0$0$1,890,699
95$5,332,572$0$0$2,037,661
96$5,743,339$0$0$2,198,168
97$6,191,810$0$0$2,373,555
98$6,681,699$0$0$2,565,293
99$7,217,094$0$0$2,775,003
100$7,802,495$0$0$3,004,466